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Phase-Xs | Biologics & Biosimilars | Coherent Market Insights

Technological advancements in the disease diagnostic field has led to advanced product development. Key manufacturers are focused on developing new ophthalmoscopes for unmet need of ophthalmic diagnostic practices. The increasing product launches by key players is expected to drive growth of the market over the forecast period. For instance, in 2019, Nidek Co. Ltd launched Mirante Scanning Laser Ophthalmoscope in Japan. The device is a multimodal fundus imaging platform, which combines high definition scanning laser ophthalmoscope and optical coherence tomography. Moreover, such product launches are expected to boost growth of the global ophthalmoscopes market.

Global Ophthalmoscopes Market - Impact of Coronavirus (Covid-19) Pandemic

The Covid – 19 pandemic is expected to drive growth of the global ophthalmoscopes market over the forecast period. Since December 2019, a novel coronavirus spread throughout China and across the world, causing a continuous increase in confirmed cases within a short period of time. The disease has spread to more than 100 countries across the globe and the World Health Organization declared it as a public health emergency. For instance, according to the World Health Organization Coronavirus Disease (COVID-19) Dashboard (WHO) report, the manifestation of the coronavirus disease (COVID-19) has resulted in more than 11 million infected individuals worldwide as of September 2020. This outbreak of corona expected to hinder countries overall growth.

The U.S has the highest number of corona patients which is expected to impact the country’s economic condition and government healthcare spending. Similarly, the countries include Italy, Spain, Russia, India, Brazil and many other economies are also suffering from Covid 19 attack that is expected to impact on lowering the medical devices market growth. Furthermore, due to COVID-19 pandemic, hospitals are closed in containment zones, that has slowed sale of medical devices like Ophthalmoscopes and similar devices.

Global ophthalmoscopes market is estimated to be valued at US$ 216.8 million in 2020, and is expected to exhibit a CAGR of 4.3% over the forecast period (2020-2027).

Figure 1: Global Ophthalmoscopes Market Share (%) Analysis, By Product Type, 2019

Ophthalmoscopes  | Coherent Market Insights

Global Ophthalmoscopes Market- Regional Insights

On the basis of region, the global ophthalmoscopes market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is expected to be the most lucrative region for growth of the ophthalmoscopes market over the forecast period, owing to increasing incidence of ophthalmic disease in the U.S. For instance, according to the Centers for Disease Control and Prevention (CDC), in 2015, around 100 million U.S. population aged 18 years and older were diagnosed with diabetes or pre-diabetic. In 2015, in the U.S. prevalence of retinopathy in all adults with diabetes those are aged 40 and above was around 28.5%. In 2015, the estimated rate of prevalence is around 4.4% (0.7 million) of people for vision-threatening diabetic retinopathy in the U.S. Moreover, according to the Glaucoma Research Foundation, in 2018, over 120,000 (9-12% of total blindness cases) population in the U.S were blind due to glaucoma disease. Such high prevalence of eye diseases is expected to drive growth of the market in North America region.

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Ophthalmoscopes Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 216.8 Mn
Historical Data for: 2017 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 4.3% 2027 Value Projection: US$ 289 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, Israel, Rest of Middle East
  • Africa: South Africa, North Africa, and Central Africa
Segments covered:
  • By Product Type: Direct Inspection, Indirect Inspection.
  • By End User: Hospitals, Eye Clinics, Ambulatory Surgical Centers.
Companies covered:

Medline Industries, Inc., Heine USA Ltd., US Ophthalmic, Welch Allyn, Dino-Lite Europe, HONSUN Group, Rudolf Riester GmbH, IRIDEX Corporation, Zumax Medical Co., Ltd., Oscar Boscarol S.r.l., Suzhou Kangjie Medical Inc., NIDEK Inc., and KIRCHNER & WILHELM GmbH Co. KG

Growth Drivers:
  • Rising incidence of ophthalmic disease across the globe
Restraints & Challenges:
  • Technological advancement in ophthalmoscopes

Asia Pacific ophthalmoscopes market is expected to witness significant growth due to growing healthcare infrastructure, high prevalence of eye diseases, and increasing engagement of government bodies in preventing the cataract and blindness cases among the population. For instance, according to the data published by the Indian Journal of Ophthalmic, in September 2018, cataract was responsible for 50-80% of bilateral blindness in India. Moreover, government initiatives such as the National Program for Control of Blindness (NPCB) and Vision 2020 aims to eliminate preventable blindness at the national level. Such initiatives are expected to boost demand for ophthalmoscopes and further expected to drive growth of the market. 

Figure 2: Global Ophthalmoscopes Market, Value (US$ Mn) & Y-o-Y Growth (%), 2016-2027

Ophthalmoscopes  | Coherent Market Insights

Global Ophthalmoscopes Market- Competitive Landscape

Major players operating in the global ophthalmoscopes market include Medline Industries, Inc., Heine USA Ltd., US Ophthalmic, Welch Allyn, Dino-Lite Europe, HONSUN Group, Rudolf Riester GmbH, IRIDEX Corporation, Zumax Medical Co., Ltd., Oscar Boscarol S.r.l., Suzhou Kangjie Medical Inc., NIDEK Inc., and KIRCHNER & WILHELM GmbH + Co. KG

Ophthalmoscope is a device that is used by healthcare professionals for examining interior structure of the eyes. Ophthalmoscope device is combination of light source and lenses that helps a physician to test the eye. The ophthalmologist uses this device for eye test, in which the fundus (consist of blood vessels, optic disc, and retina) is examined. Ophthalmoscopy is adopted for conditions, where patients suffer from headache or have swollen optic disc. There are two major types of ophthalmoscopy, which include direct ophthalmoscopy and indirect ophthalmoscopy. Major difference between these two types include magnification intensity. Direct ophthalmoscopy has high magnification power and it is equipped with multiple lenses that can magnify about 15 times more compared to indirect ophthalmoscopy.

Market Dynamics

The increasing prevalence of ophthalmic disease across the globe is a key factor that is expected to drive growth of the ophthalmoscopes market. The rising disease population is expected to drive demand for ophthalmoscopy for diagnosis of eye problems. Moreover, age-related macular degeneration is one of the leading ophthalmic diseases that is expected to fuel demand for ophthalmoscopy. For instance, according to the BrightFocus Foundation data, currently, around 11 million people in the U.S. are suffering from age-related macular degeneration. This number is expected to reach around 22 million by 2050. Furthermore, globally age-related macular degeneration problem cost around US$ 343 billion, in which US$ 255 billion is direct cost of healthcare. Thus, increasing ophthalmic disease population is expected to boost growth of the market over the forecast period.

Furthermore, according to the World Health Organization (WHO), in October 2018, around 1.3 billion people across the world are suffered from some form of vision impairment, annually. According to the same source, uncorrected refractive errors and cataracts are the leading cause of vision impairment globally. Therefore, increasing number of eye related disorders are expected to propel demand for vision care devices, which in turn, is expected to propel growth of the ophthalmoscopes devices market.

Key features of the study:

  • This report provides in-depth analysis of the market, global ophthalmoscopes market size (US$ Mn), and compound annual growth rate (CAGR (%)) for the forecast period: 2020-2027, considering 2019 as the base year.
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market.
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
  • It profiles key players in the global ophthalmoscopes market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, key developments, and strategies.
  • Key players covered as a part of this study include   Medline Industries, Inc., Heine USA Ltd., US Ophthalmic, Welch Allyn, Dino-Lite Europe, HONSUN Group, Rudolf Riester GmbH, IRIDEX Corporation, Zumax Medical Co., Ltd., Oscar Boscarol S.r.l.,  Suzhou Kangjie Medical Inc., NIDEK Inc., and KIRCHNER & WILHELM GmbH Co. KG
  • Insights from this report would allow marketers and management authorities of companies to make informed decision with respect to future product launches, governmental initiatives, market expansions, and marketing tactics.
  • The global ophthalmoscopes market report caters to various stakeholders in this industry, including investors, product manufacturers, distributors, and suppliers of reprocessed medical devices, research and consulting firms, new entrants, and financial analysts.

Detailed Segmentation:

  • Global Ophthalmoscopes Market, By Product Type:
    • Direct Inspection
    • Indirect Inspection
  • Global Ophthalmoscopes Market, By End User:
    • Pharmaceutical Hospitals
    • Eye Clinics
    • Ambulatory Surgical Centers
  • Global Ophthalmoscopes Market, By Region:
    • North America
      • By Product Type
        • Single Direct Inspection
        • Indirect Inspection
      • By End User
        • Pharmaceutical Hospitals
        • Eye Clinics
        • Ambulatory Surgical Centers
      •  By Country:
        • U.S.
        • Canada
    • Latin America
      • By Product Type
        • Single Direct Inspection
        • Indirect Inspection
      • By End User
        • Pharmaceutical Hospitals
        • Eye Clinics
        • Ambulatory Surgical Centers
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Product Type
        • Single Direct Inspection
        • Indirect Inspection
      • By End User
        • Pharmaceutical Hospitals
        • Eye Clinics
        • Ambulatory Surgical Centers
      • By Country:
        • Germany
        • K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Product Type
        • Single Direct Inspection
        • Indirect Inspection
      • By End User
        • Pharmaceutical Hospitals
        • Eye Clinics
        • Ambulatory Surgical Centers
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Product Type
        • Single Direct Inspection
        • Indirect Inspection
      • By End User
        • Pharmaceutical Hospitals
        • Eye Clinics
        • Ambulatory Surgical Centers
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Product Type
        • Single Direct Inspection
        • Indirect Inspection
      • By End User
        • Pharmaceutical Hospitals
        • Eye Clinics
        • Ambulatory Surgical Centers
      • By Country/Region:
        • South Africa
        • Central Africa
        • North Africa
  • Company Profiles
    • Medline Industries, Inc.*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Highlights
      • Strategies
    • Heine USA Ltd.
    • US Ophthalmic
    • Welch Allyn
    • Dino-Lite Europe
    • HONSUN Group
    • Rudolf Riester GmbH
    • IRIDEX Corporation
    • Zumax Medical Co., Ltd.
    • Oscar Boscarol S.r.l.
    • NIDEK Inc.
    • Suzhou Kangjie Medical Inc.
    • KIRCHNER & WILHELM GmbH + Co. KG,

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

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Overview
    • Report Description
      • Market Definition and Scope
      • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By End User
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Opportunity map
    • Market Trends
    • Regulatory Guidelines
    • Key Developments
    • PESTLE Model
    • Porter’s Model
    • Technology Landscape
    • Pricing Analysis
  4. Global Ophthalmoscopes Market, COVID-19 Impact Analysis
    • During COVID-19 Market Analysis
    • Post COVID-19 Market Analysis
  5. Global Ophthalmoscopes Market, By Product Type, 2016 – 2027, (US$ Million)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Direct Inspection
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Million)
    • Indirect Inspection
      • Introduction    
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Million)
  6. Global Ophthalmoscopes Market, By End User, 2016 – 2027, (US$ Million)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Hospitals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Million)
    • Eye Clinics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Million)
    • Ambulatory Surgical Centers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Million)
  7. Global Ophthalmoscopes Market, By Region, 2016 – 2027, (US$ Million)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • North America
      • Market Size and Forecast, By Product Type, 2019 – 2027, (US$ Million)
      • Market Size and Forecast, By End User, 2019 – 2027, (US$ Million)
      • Market Size and Forecast, By Country, 2019 – 2027, (US$ Million)
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast, By Product Type, 2019 – 2027, (US$ Million)
      • Market Size and Forecast, By End User, 2019 – 2027, (US$ Million)
      • Market Size and Forecast, By Country, 2019 – 2027, (US$ Million)
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Product Type, 2019 – 2027, (US$ Million)
      • Market Size and Forecast, By End User, 2019 – 2027, (US$ Million)
      • Market Size and Forecast, By Country, 2019 – 2027, (US$ Million)
        • China
        • Japan
        • India
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast, By Product Type, 2019 – 2027, (US$ Million)
      • Market Size and Forecast, By End User, 2019 – 2027, (US$ Million)
      • Market Size and Forecast, By Country, 2019 – 2027, (US$ Million)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Africa
      • Market Size and Forecast, By Product Type, 2019 – 2027, (US$ Million)
      • Market Size and Forecast, By End User, 2019 – 2027, (US$ Million)
      • Market Size and Forecast, By Country/Region, 2019 – 2027, (US$ Million)
        • North Africa
        • Central Africa
        • South Africa
    • Middle East
      • Market Size and Forecast, By Product Type, 2019 – 2027, (US$ Million)
      • Market Size and Forecast, By End User, 2019 – 2027, (US$ Million)
      • Market Size and Forecast, By Country, 2019 – 2027, (US$ Million)
        • GCC
        • Israel
        • Rest of Middle East
  8. Competitive Landscape
    • Company Profiles
      • Heine USA Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • US Ophthalmic
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Welch Allyn
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Dino-Lite Europe        
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • HONSUN Group
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Rudolf Riester GmbH
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • IRIDEX Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Zumax Medical Co., Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Oscar Boscarol S.r.l.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
    • Analyst Views
  9. Section
    • References
    • Research Methodology
    • About Us and Sales Contact

*Browse 29 market data tables and 26 figures on 'Global Ophthalmoscopes Market' – Global forecast to 2027           

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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