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Phase-Xs | Biologics & Biosimilars | Coherent Market Insights

Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

A fundus camera is a specialized low power microscope with an attached camera. Fundus photography is used to inspect anomalies associated to diseases that affect the eye, and to monitor their progression. Standard fundus photography, ultra-widefield fundus photography, fundus autofluorescence, and smartphone fundus photography are the types of fundus photography. 

The global fundus cameras market is estimated to be valued at US$ 402.1 million in 2021 and is expected to exhibit a CAGR of 4.2% over the forecast period (2021-2028).

Recent Developments

In July 2021, Topcon Healthcare has acquired VISIA Imaging S.r.l, a company engaged in the manufacturing of ophthalmic devices. This strategic move will improvise Topcon’s manufacturing and development capabilities associated with anterior segment devices that include fundus cameras. This acquisition is further expected to bolster Topcon’s position in the ophthalmic device industry.

In April 2021, Samsung has launched the EYELIKE Fundus Camera to improve access to affordable eye care. The Eyelike fundus imaging system uses a lens attachment and AI algorithm on Samsung Galaxy smartphones to detect and analyse the images for eye diseases. This launch will strengthen the company’s smartphone-based fundus cameras portfolio and the product is set to witness significant demand in developing countries such as Vietnam, India, Morocco, and Papua New Guinea

In March 2021, Oculus has received FDA 510(k) clearance for Pentacam AXL Wave. Pentacam AXL Wave is the latest and most versatile member of the Pentacam family, incorporating intuitive reports based on clinical studies, with network compatibility and full operability of all Pentacam software and examinations.

North America held dominant position in the global fundus cameras market in 2020, accounting for 37.3% share in terms of volume, followed by Europe and Asia Pacific, respectively. Dominance of North America market in 2020 can be attributed to early adoption of advanced technology products in the region, recent launch & approval of products, and increasing lifestyle diseases with ophthalmic diseases in the region.

Figure 1. Global Fundus Cameras Market Value (US$ Mn), by Region, 2020

 Fundus Camera  | Coherent Market Insights

Global Fundus Cameras Market: Drivers

Increasing prevalence of glaucoma is expected to propel growth of the global fundus cameras market over the forecast period. For instance, according to The International Agency for the Prevention of Blindness, 80 million people are expected to suffer from glaucoma by 2020 compared to 20 million since 2010.     

Moreover, increasing geriatric population is also expected to boost adoption of fundus cameras. For instance, according to the World Health Organization, geriatric population is expected to reach 2 billion by 2050, up from 900 million in 2015.   

Global Fundus Cameras Market: Opportunities 

R&D in fundus photography is expected to offer lucrative growth opportunities for players in the global fundus cameras market. For instance, in February 2019, researchers from SASTRA Deemed University, India, proposed a hybrid segmentation algorithm to extract the blood vessels from the fundus image of retina.

Moreover, development of smartphone-based fundus camera is also expected to aid in growth of the market.

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Fundus Cameras Market Report Coverage

Report Coverage Details
Base Year: 2020 Market Size in 2021: US$ 402.1 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2021 to 2028
Forecast Period 2021 to 2028 CAGR: 4.2% 2028 Value Projection: US$ 537.9 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Central Africa
Segments covered:
  • By Product Type: Mydriatic Fundus Cameras (Tabletop, Handheld), Non-Mydriatic Fundus Cameras (Tabletop, Handheld), Hybrid Fundus Cameras, ROP Fundus Cameras
  • By End-Use: Hospitals, Ophthalmology Clinics, Ophthalmic & Optometrist Offices
Companies covered:

Carl Zeiss AG, Hoya Corporation, Canon Inc., Nidek Co., Ltd., Topcon Corporation, and Intelligent Retinal Imaging Systems, Inc.

Growth Drivers:
  • Increasing prevalence of glaucoma
  • Increasing geriatric population
Restraints & Challenges:
  • High cost associated with fundus cameras and lack of awareness among patients in developing countries

Market Trends

Increasing prevalence of diabetes is expected to propel growth of the global fundus cameras market over the forecast period. For instance, according to the study, “Global and regional diabetes prevalence estimates for 2019 and projections for 2030 and 2045: Results from the International Diabetes Federation Diabetes Atlas, 9th edition”, published in the journal Diabetes Research and Clinical Practice, in September 2019, 463 million people are expected to suffer from diabetes in 2019 worldwide and the number is expected to reach 578 million by 2030 and 700 million by 2045.

Increasing prevalence of diabetic retinopathy is expected to propel growth of the global fundus cameras market over the forecast period. For instance, according to the study ‘Global causes of blindness and distance vision impairment 1990-2020: a systematic review and meta-analysis’, published in the journal Lancet, in 2015, 2.6 million people were visually impaired because of diabetic retinopathy, and the number is expected to reach 3.2 million in 2020.

Figure 2. Global Fundus Cameras Market Share, By Product Type, 2020

Fundus Camera  | Coherent Market Insights

Key Takeaways of the Graph:

  • Among Product Type, the Non-Mydriatic Fundus Camera held dominant position in the market and accounted for 49.6% share in the global fundus cameras market in 2020. The segment is expected to reach US$ 275.4 million in 2028.
  • Dominance of Non-mydriatric Fundus Camera segment can be attributed to novel features of non-mydriatic cameras, such as fluorescein imaging, portability, and live-action systems, and detailed anatomy examination by this product
  • Among End Use, the Ophthalmic & Optometrist Offices held dominant position in the market and accounted for 36.5% share in the global fundus cameras market in 2020. The segment is expected to reach US$ 199.0 million in 2028.
  • Growing number of optometrist practitioners across the globe, increasing preference for primary eye care, and low-cost services offered by ophthalmic and optometrist offices compared to ophthalmologists are some of the major driving factors responsible for the growth of Ophthalmic & Optometrist Offices segment during the forecast period

Global Fundus Cameras Market: Restraints

High cost associated with fundus cameras is expected to hinder growth of the global fundus cameras market. For instance, VisuCam 200 (Carl Zeiss) costs in the range of US$ 25,000 to US$ 30,000, which may be significantly high for private clinics or tier II and tier III hospitals.

Moreover, lack of awareness among patients in developing countries is also expected to limit the adoption of fundus cameras.

Global Fundus Cameras Market: Competitive Landscape

Major players operating in the global fundus cameras market include, Carl Zeiss AG, Hoya Corporation, Canon Inc., Nidek Co., Ltd., Topcon Corporation, and Intelligent Retinal Imaging Systems, Inc.

Global Fundus Cameras Market: Key Developments

Major players in the market are focused on adopting partnership strategies to expand their product portfolio. For instance, in October 2019, Intelligent Retinal Imaging Systems, Inc. partnered with Remidio Innovative Solutions Pvt. Ltd. to launch smartphone-based non mydriatic fundus camera to the U.S. market.

Significant growth in the ageing population has led to increase in the number chronic diseases affecting vision. Glaucoma can affect any age group including newborns, infants, children and the elderly .Similarly, there has been rise in AMD and diabetic retinopathies. There has also been a growing trend of premature births globally as result new born retinal disorders prevalence has spawned A fundus camera or retinal camera is a specialized low power microscope with an attached camera designed to photograph the interior surface of the eye.  Mydriatic cameras, non-mydriatic cameras, hybrid cameras, handheld cameras, Retinopathies of Prematurity (ROP) cameras are types of fundus cameras.

Market Dynamics:

R&D of artificial intelligence (AI) integrated cameras is expected to propel growth of the global fundus cameras market over the forecast period. For instance, in November 2020, Optomed Plc, a Finland-based medical technology company, launched Aurora IQ, its new handheld fundus camera with integrated AI.

Moreover, government and non-governmental organizations are focused on offering mobile vision centers, which is expected to aid in growth of the global fundus cameras market. For instance, in September 2021, Sightsavers, a non-governmental organization collaborated with SBI Capital Markets, as a part of its CSR program under healthcare, to set up three mobile vision centers in various cities in India.

Key features of the study:

  • This report provides in-depth analysis of the global fundus cameras market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2021–2028), considering 2020 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global fundus cameras market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include Carl Zeiss AG, Hoya Corporation, Canon Inc., Nidek Co., Ltd., Topcon Corporation, and Intelligent Retinal Imaging Systems, Inc.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global fundus cameras market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global fundus cameras market

Detailed Segmentation:

  • Global Fundus Cameras Market , By Product Type:
    • Mydriatic Fundus Cameras
      • Tabletop
      • Handheld
    • Non-Mydriatic Fundus Cameras
      • Tabletop
      • Handheld
    • Hybrid Fundus Cameras
    • ROP Fundus Cameras
  • Global Fundus Cameras Market , By End Use:
    • Hospitals
    • Ophthalmology Clinics
    • Ophthalmic & Optometrist Offices
  • Global Fundus Cameras Market, By Region:
    • North America
      • North America Fundus Cameras Market , By Product Type:
        • Mydriatic Fundus Cameras
          • Tabletop
          • Handheld
        • Non-Mydriatic Fundus Cameras
          • Tabletop
          • Handheld
        • Hybrid Fundus Cameras
        • ROP Fundus Cameras
      • North America Fundus Cameras Market , By End Use:
        • Hospitals
        • Ophthalmology Clinics
        • Ophthalmic & Optometrist Offices
        •  
      • North America Fundus Cameras Market, By Country
        • U.S.
        • Canada
    • Latin America
      • Latin America Fundus Cameras Market , By Product Type:
        • Mydriatic Fundus Cameras
          • Tabletop
          • Handheld
        • Non-Mydriatic Fundus Cameras
          • Tabletop
          • Handheld
        • Hybrid Fundus Cameras
        • ROP Fundus Cameras
      • Latin America Fundus Cameras Market , By End Use:
        • Hospitals
        • Ophthalmology Clinics
        • Ophthalmic & Optometrist Offices
      • Latin America Fundus Cameras Market, By Country
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • Europe Fundus Cameras Market , By Product Type:
        • Mydriatic Fundus Cameras
          • Tabletop
          • Handheld
        • Non-Mydriatic Fundus Cameras
          • Tabletop
          • Handheld
        • Hybrid Fundus Cameras
        • ROP Fundus Cameras
      • Europe Fundus Cameras Market , By End Use:
        • Hospitals
        • Ophthalmology Clinics
        • Ophthalmic & Optometrist Offices
      • Europe Fundus Cameras Market, By Country
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Asia Pacific Fundus Cameras Market , By Product Type:
        • Mydriatic Fundus Cameras
          • Tabletop
          • Handheld
        • Non-Mydriatic Fundus Cameras
          • Tabletop
          • Handheld
        • Hybrid Fundus Cameras
        • ROP Fundus Cameras
      • Asia Pacific Fundus Cameras Market , By End Use:
        • Hospitals
        • Ophthalmology Clinics
        • Ophthalmic & Optometrist Offices
      • Asia Pacific Fundus Cameras Market, By Country
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • Middle East Fundus Cameras Market , By Product Type:
        • Mydriatic Fundus Cameras
          • Tabletop
          • Handheld
        • Non-Mydriatic Fundus Cameras
          • Tabletop
          • Handheld
        • Hybrid Fundus Cameras
        • ROP Fundus Cameras
      • Middle East Fundus Cameras Market , By End Use:
        • Hospitals
        • Ophthalmology Clinics
        • Ophthalmic & Optometrist Offices
      • Middle East Fundus Cameras Market, By Country
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Africa Fundus Cameras Market , By Product Type:
        • Mydriatic Fundus Cameras
          • Tabletop
          • Handheld
        • Non-Mydriatic Fundus Cameras
          • Tabletop
          • Handheld
        • Hybrid Fundus Cameras
        • ROP Fundus Cameras
      • Africa Fundus Cameras Market , By End Use:
        • Hospitals
        • Ophthalmology Clinics
        • Ophthalmic & Optometrist Offices
      • Africa Fundus Cameras Market, By Country
        • North Africa
        • Central Africa
        • South Africa
  • Company Profiles
    • Carl Zeiss AG*
      • Company Highlights
      • Products Portfolio
      • Key Highlights
      • Financial Performance
      • Strategy
    • Hoya Corporation
    • Canon Inc.
    • Nidek Co., Ltd.
    • Topcon Corporation
    • Intelligent Retinal Imaging Systems, Inc.

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By End Use
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Key Developments
    • Technological Advancement
    • Regulatory Scenario
    • Reimbursement Scenario
  4. Global Fundus Cameras Market – Impact of Coronavirus (COVID-19) Pandemic
    • Covid-19 Epidemiology
    • Overall Impact On Countries
    • Key Developments
  5. Global Fundus Cameras Market, By Product Type, 2017 – 2028 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2021 and 2028 (%)
      • Y-o-Y Growth Analysis, 2018–2028
      • Segment Trends
    • Mydriatic Fundus Cameras
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
      • Segment Trends
        • Tabletop
        • Handheld
    • Non-Mydriatic Fundus Cameras
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
      • Segment Trends
        • Tabletop
        • Handheld
    • Hybrid Fundus Cameras
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
      • Segment Trends
    • ROP Fundus Cameras
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
      • Segment Trends
  6. Global Fundus Cameras Market, By End Use, 2017 – 2028 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2021 and 2028 (%)
      • Y-o-Y Growth Analysis, 2018–2028
      • Segment Trends
    • Hospitals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
      • Segment Trends
    • Ophthalmology Clinics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
      • Segment Trends
    • Ophthalmic & Optometrist Offices
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
      • Segment Trends
  7. Global Fundus Cameras Market, By Region, 2017 – 2028 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2021 and 2028 (%)
      • Y-o-Y Growth Analysis, 2018–2028
      • Regional Trends
    • North America
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By End Use, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Country, 2017 – 2028, (US$ Mn)
        • U.S.
        • Canada
    • Latin America
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By End Use, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Country, 2017 – 2028, (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By End Use, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Country, 2017 – 2028, (US$ Mn)
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By End Use, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Country, 2017 – 2028, (US$ Mn)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Middle East
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By End Use, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Country, 2017 – 2028, (US$ Mn)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By End Use, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Country, 2017 – 2028, (US$ Mn)
        • North Africa
        • Central Africa
        • South Africa
  8. Competitive Landscape
    • Company Profiles
      • Carl Zeiss AG
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Hoya Corporation
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Canon, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Nidek Co., Ltd.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Topcon Corporation
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Intelligent Retinal Imaging Systems, Inc
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 26 market data tables and 18 figures on “Fundus Cameras Market – Global forecast to 2028.

FAQgrowicon

Frequently Asked Questions

Global fundus cameras market size is estimated to be valued at US$ 402.1 Million in 2021 and is expected to exhibit a CAGR of 4.2% between 2021 and 2028.
Increasing prevalence of glaucoma and increasing geriatric population are the factors fueling growth of market.
The Non-Mydriatic Fundus Cameras segment is the leading product type segment in the market.
High cost associated with fundus cameras and lack of awareness among patients in developing countries are factors hindering growth of the market.
Major players operating in the market include, Carl Zeiss AG, Hoya Corporation, Canon Inc., Nidek Co., Ltd., Topcon Corporation, and Intelligent Retinal Imaging Systems, Inc.
North America region is expected to hold dominant position in the market over the forecast period. The growth of the market in the region is driven by increasing geriatric population associated with more ophthalmic problems, and new product launches in recent years.
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