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  • Published On : Jun 2023
  • Code : CMI3375
  • Pages : 170
  • Formats :
      Excel and PDF
  • Industry : Medical Imaging

The global widefield imaging systems  market is estimated to be valued at US$ 592.1 million in 2023 and is expected to exhibit a CAGR of 6.7 % during the forecast period (2023-2030).

Analysts’ Views on Global Widefield Imaging Systems Market:

The global widefield  imaging systems  market's growth can be hindered by high cost of widefield imaging systems. Increasing favorable government policies is expected to drive the global widefield imaging systems market over the forecast period. For instance, according to the Congressional Budget Office (CBO), in the U.S., Patient Protection and Affordable Care Act allows patients to reimburse their expenditure on health examination.

Figure 1. Global Widefield Imaging Systems Market Share (%), by Indication , 2023

 | Coherent Market Insights

Global Widefield Imaging Systems Market – Driver

Increasing prevalence of diabetic retinopathy  

Increasing prevalence of diabetic retinopathy is expected to drive the widefield imaging systems market over the forecast period. For instance, in 2021, according to the article published in Indian Journal of Ophthalmology in 2021, Diabetic Retinopathy (DR) is a leading cause of blindness in adults in developed countries. According to the International Agency for the Prevention of Blindness, over 4 million people are suffering from vision loss due to DR worldwide.

Figure 2. Global Widefield Imaging Systems Market Value (US$ Million), by Region, 2023

 | Coherent Market Insights

Global Widefield Imaging Systems Market- Regional Analysis

Among regions, North America is estimated to hold a dominant position in the global widefield imaging systems market over the forecast period. North America holds 43.2% of the market share due to the increasing product launch of wide field imaging devices in region. For instance, in March 2022, epipole, an emerging provider of world-class handheld fundus cameras, launched epiCam fundus camera to the US Eye Care market, at the Vision Expo East in New York City.

Widefield Imaging Systems Market Report Coverage

Report Coverage Details
Base Year: 2022 Market Size in 2023: US$ 592.1 Mn
Historical Data for: 2017 to 2021 Forecast Period: 2023 to 2030
Forecast Period 2023 to 2030 CAGR: 6.7% 2030 Value Projection: US$ 930.4 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  Component: Instrument, Software(Image Viewing Software, Data Analysis and Interpretation Software)
  • By  Indication: Diabetic Retinopathy, Retinopathy of Prematurity, Pediatric Retinal Diseases, Retinal Vein Occlusion, Ocular Oncology, Uveitis, Chorioretinal Disease, Glaucoma, Others
  • By  Modality: Standalone, Portable
  • By End User: Specialty Clinics, Hospitals, Ambulatory Surgical Centers
Companies covered:

Clarity Medical Systems Inc., Heidelberg Engineering, Inc., Visunex Medical Systems, Inc., Centervue SpA,  Optos Plc. (Nikon Corporation), and ZEISS International.

Growth Drivers:
  • Increasing prevalence of diabetic retinopathy diseases 
Restraints & Challenges:
  • High cost of widefield imaging systems  

Global Widefield Imaging Systems Market – Impact of Coronavirus (COVID-19) Pandemic

Since the COVID-19 virus outbreak in December 2019, the disease spread to over 100 countries across the globe, and the World Health Organization declared it a public health emergency on January 30, 2020.

COVID-19 affected the economy in three main ways: by directly affecting the production and demand of drugs, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries such as China, India, Saudi Arabia, the U.A.E., Egypt, and others are facing problems with the transportation of drugs from one place to another.

However, the COVID-19 pandemic had a positive impact on the global widefield imaging systems  market. The devices used in primary clinical treatment such as Respiratory support devices such as atomizer, life-support machine, oxygen generator, and monitor are among the majorly. The demand for medical supplies such as personal protective equipment including masks, gloves, and protective eyeglasses also increases. With a rise in the number of COVID-19 cases worldwide, the need for medical supplies also increased, both from healthcare professionals and civil populations for precautionary measures.

Global Widefield Imaging Systems Market Segmentation:

The global widefield imaging systems  market report is segmented into Component, Indication , Modality, End User, and Region

Based on Component, the market is segmented into Instrument and Software. Out of which, the Instrument segment is expected to hold a dominant position in the widefield imaging systems  market during the forecast period and this is attributed to the increasing usage of various  instrument  for imaging systems.

Based on Indication, the market is segmented into Diabetic Retinopathy, Retinopathy of Prematurity, Pediatric Retinal Diseases, Retinal Vein Occlusion, Ocular Oncology, Uveitis, Chorioretinal Disease, Glaucoma, Others. Out of which, the Pediatric Retinal Diseases segment is expected to hold a dominant position in the widefield imaging systems  market during the forecast period and this is attributed to the increasing  cases of eye diseases in premature babies.

Based on Modality, the market is segmented into Standalone and Portable. Out of which, the Standalone segment is expected to hold a dominant position in the widefield imaging systems  market during the forecast period and this is attributed to the many equipment of widefield imaging systems are available in larger size and they need table in order to fix the devices.

Based on End User, the market is segmented into  Specialty Clinics, Hospitals and Ambulatory Surgical Centers. Out of which, the hospital segment is expected to dominate the market over the forecast period and this is attributed to the increase in the number of new hospitals for the Widefield Imaging treatment over the forecast period.

Among all segmentation, the Indication segment has the highest potential due to the increasing prevalence of pediatric retinal diseases over the forecast period due to the rising in vision impairment among teenagers. For instance, as per the Centers for Disease Control and Prevention, in 2020, approximately 6.8% of children below 18 years have been detected with vision and eye condition in the U.S.

Global Widefield Imaging Systems Market Cross Sectional Analysis:

Among Indication, the pediatric retinal diseases segment is dominant during the forecast period in North America region due to the increasing prevalence of pediatric retinal diseases, which is expected to drive segment growth over the forecast period. For instance, on March 27, 2023, Ocugen,Inc., a biotechnology company, focused on discovering, developing, and commercializing novel gene and cell therapies, biologics, and vaccines, announced that the U.S. Food and Drug Administration (FDA) approved enrolling pediatric patients in the ongoing OCU400 Phase 1/2 trial.

Global Widefield Imaging Systems Market: Key Developments

  • In March 2020, Heidelberg Engineering a company which optimizes imaging and healthcare IT technologies company, and provide ophthalmic diagnostic solutions announced the reintroduction of its HRT3 Rostock Cornea Module (RCM) to offer in vivo corneal confocal microscopy in its anterior segment product portfolio, supporting cornea specialists worldwide to further improve patient care.
  • In August 2020, ZEISS company operates in the optics and optoelectronics industries launches new software for the IOLMaster 700, with enhanced features and connectivity designed to improve the cataract surgeons workflow efficiency and support better outcomes for surgeons and patients.
  • In October 2019, Optos launched Silverstone at the American Academy of Ophthalmology, San Francisco, U.S. Silverstone develop 200-degree optomap image with the help of OCT guided technology.

Global Widefield Imaging Systems Market: Key Trends

Launch of ultra-low power image sensor

Launch of ultra-low power image sensor for imaging systems is expected to drive the widefield imaging systems market growth over the forecast period. For instance, in January 2020, Himax Imaging, Inc., a semiconductor company that designs, manufactures, and sells CMOS Image Sensors (CIS), System-on-Chip (SOC) and wafer level camera solutions for next generation camera system, video communication, and sensing applications, launched HM0360, an industry-first ultralow power and low latency Back-Illuminated CMOS Image Sensor solution with autonomous modes of operations.

Global Widefield Imaging Systems Market: Restraint

High cost of widefield imaging systems

The global widefield imaging systems market can be hindered by high cost of widefield imaging systems. For instance, in 2020, Optos, a division of Nikon Co. Ltd, Japan announced that, the 3 instruments generate revenue of  more than US$ 230,000 out of which the full purchase price of the Optos Daytona is US$ 85,000.

Global Widefield Imaging Systems Market - Key Players

Major players operating in the global widefield imaging systems market include Clarity Medical Systems Inc., Heidelberg Engineering, Inc., Visunex Medical Systems, Inc., Centervue SpA, Optos Plc. (Nikon Corporation), and ZEISS International.

Global Widefield Imaging Systems Market– Insights

Wide-field fluorescence microscopy is an imaging technique that relies on illumination of the intact field of interpretation of a fluorescence microscope and simultaneous finding of the discharged fluorescence using a camera and or a technique where the images with large numbers of resolution elements distributed across the interferometer primary beam.

Frequently Asked Questions

The global widefield imaging systems  market is estimated to be valued at US$ 592.1 million in 2023 and is expected to exhibit a CAGR of 6.7% between 2023 and 2030.

Increasing prevalence of diabetic retinopathy diseases is expected to drive the market growth.

Pediatric Retinal Diseases is the leading infection type segment in the market.

High cost of widefield imaging systems is expected to hinder the market over the forecast period.

Major players operating in the market include Clarity Medical Systems Inc., Heidelberg Engineering, Inc., Visunex Medical Systems, Inc., Centervue SpA, Optos Plc. (Nikon Corporation), and ZEISS International.
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