19-Mar-2020: The global ophthalmic ultrasound devices market
size is expected to reach USD 728.7 million by 2026, according to a new report
by Grand View Research, Inc., growing at a CAGR of 6.1%. Increasing burden of
ophthalmic disorders, such as cataract & retinal detachments, and high
demand for effective imaging tools are factors driving growth. In addition,
frequent new product launches are expected to contribute toward high growth
during the forecast period.
Advanced technology with integrated scanning features is
expected to replace the existing conventional devices. Rising number of private
as well as non-profit ophthalmic clinics and ambulatory imaging centers in
developing countries is expected to play an important role in driving the
global ophthalmic ultrasound systems market.
Increasing incidence of diabetes, a major factor leading to
ophthalmic disorders such as cataract & proliferative diabetic retinopathy,
growing awareness about cataract surgeries, and introduction of technologically
advanced devices are some of factors anticipated to drive the market over the
forecast period.
Growing number of strategic initiatives, such as introduction
of technologically advanced and integrated devices at competitive prices,
establishing of exclusive agreement with hospitals & clinics, and mergers
& acquisitions also aid growth. Moreover, establishment of ophthalmology
society and evolving government and non-government programs supporting eye care
are expected to boost the market.
In
depth research report on Ophthalmic Ultrasound Devices Market
Further key
findings from the report suggest:
·
The A-scan segment held largest
share and is expected to grow at lucrative CAGR over the forecast period owing
to its increasing demand as critical imaging equipment in cataract surgery
·
Ocular ultrasounds that are
portable with integrated scanning features are anticipated to witness fastest
growth during the forecast period
·
Hospital segment accounted for
the largest share in 2018. Large patient pool and government support in the
form of funding for advancement of eye care in different geographies are
expected to contribute toward growth of this segment
·
North America dominated in
2018. Growth of this region is fueled by local presence of major manufacturers
and suppliers developing advance technology coupled with rising prevalence of
ophthalmic disorders
·
Asia Pacific is anticipated to
witness fastest growth over the forecast period due to improving healthcare
infrastructure and growing economies
·
Major players in the ophthalmic
ultrasound devices market are focusing on launch of advance technology with
improved parameters, such as image resolutions & data storage, and building
efficient software for improving user interface.
Grand View Research has segmented the ophthalmic ultrasound
devices market on the basis of product, end use, mobility, and region:
Ophthalmic
Ultrasound Devices Product Outlook (Volume, ‘000 Units; Revenue, USD Million,
2015 - 2026)
·
A-Scan
·
B-Scan
·
Combined
·
Pachymeter
·
Ultrasound Biomicroscope
Ophthalmic
Ultrasound Devices End-use Outlook (Revenue, USD Million, 2015 - 2026)
·
Hospitals
·
Ambulatory surgical Centre
·
Ophthalmic clinic
·
others
Ophthalmic
Ultrasound Devices Mobility Outlook (Revenue, USD Million, 2015 - 2026)
·
Standalone
·
Portable/ Handheld
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About
Grand View Research
Grand View Research, Inc. is the
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
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