23rd
November 2018 - 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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