Ophthalmoscope Market is Expected to Witness a High Growth Due to Usage for Initial Eye Diagnosis by 2021

Global Ophthalmoscope Market demand is expected to witness a high growth on account of its increasing incidences of eye diseases. Usage of this device for initial diagnosis especially in the treatment of cataract and glaucoma is expected to drive the market over the forecast period. Ophthalmoscope is designed for the treatment of fundus of the eye and has revolutionized the medical science associated with retina, optic disc and vitreous humor. Ophthalmoscope application in the health care sector for routine eye check-up is the major factor driving the overall market demand. Almost all ophthalmologists use these devices to monitor their patients for further diagnosis. As per the Centers for Disease control and Prevention, in 2015, around 11 million American aged 12 could improve their vision through refractive correction. Such high incidences of vision defects are expected to provide great opportunities for this device usage.

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This device usage in the treatment of patients suffering from glaucoma is expected to drive the market over the forecast period. Increasing government initiatives to increase the vision correction among children is expected to propel the industry growth in near future. Growing awareness associated with eye treatments is further anticipated to fuel the demand for these machines. Medical tourism has resulted in propelling the growth of these devices in countries such as Jordan, Malaysia, Israel, Singapore and Turkey. These countries known to offer health care facilities at significantly lower costs are known to attract patients from across the world. This has increased the purchase of these devices to accommodate the growing number of eye care patients. The risk associated with the usage of these machines is expected to pull the market down in the near future. Also these devices require maintenance which acts a barrier for the overall industry growth. Doctors need to follow electrical safety for before use as set by the FDA. Some part of the device is designed to come in contact with the patient and therefore should be cleaned using disinfectants or protected by a disposable cover.

Market segmentation is done on the basis end users which include hospitals and independent medical centers. Hospitals account for majority of the segment share and is expected to continue its dominance owing to privatization of health care sector. Independent medical centre is expected to grow at a slow rate owing to the high costs of this equipment. North America has been the leading market in recent years in terms of demand and is expected to continue its dominance owing to developed health care sector and increasing government initiatives for sophisticated medical devices. Further, regional demand is followed by Asia Pacific mainly on account of increasing incidences of cataract and glaucoma. Emerging economies including India and Malaysia is expected to provide bright opportunities on account of increasing privatization in healthcare.

Europe is expected to show a steady growth over the forecast period owing to government initiatives. Central and South America is anticipated to witness a substantial growth mainly due to medical tourism in countries including Mexico, Brazil, Cuba and Ecuador. Africa is expected to witness a slow growth owing to developing healthcare sector. Key players operating in the market are Optos, US Ophthalmic, Oftas, Opticlar Vision, Rudolf Riester, CANON USA, Welch Allyn, NIDEK, Heine, Optopol Technology, Optovue, Keeler, KaWe, Heidelberg Engineering, Iridex, American Diagnostic, Oscar Boscarol, Alltion (Wuzhou), Timesco, Honsun, Sonostar Technologies, OPKO Health, Zumax Medical, Gowllands Medical and Gilras.

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