Portable Slit Lamp Market Analysis
Portable Slit Lamp Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2020 - 2027
A portable slit lamp is a microscope with bright light used to examine eye diseases. Portable slit lamp is used to examine anterior and posterior segment of human eye. Slit lamps help ophthalmologists to get a closer look at different structures of front eye and inside eye. Portable slit lamps are used by ophthalmologists to determine the health of eyes and eye diseases such as conjunctivitis, dry eye syndrome, cataract, and glaucoma.
Global Portable Slit Lamp Market - Drivers
Portable slit lamps have potential customer base to penetrate in eye equipment industry due to its wide applications in community health services, hospitals, and eye clinics. Therefore, eye equipment companies are focusing on innovation and introducing technologically advanced slit lamps in the market. For instance, in 2018, Coburn technologies launched a new binocular portable slit lamp (SK-LS-1B), a convenient equipment with one touch magnification switch to make it easier for doctors to perform inspection. These factors are expected to drive growth of the global portable slit lamp market.
Global Portable Slit Lamp Market - Impact of COVID-19
COVID-19 has become a major public health issue from 2019 across the world. According to Indian Journal of Ophthalmology, in case of eye equipment market and ophthalmology procedures, there is high amount of anxiety and stress among ophthalmology trainees due to disruption in training procedures. Moreover according to U.S National Library Medicine, various parts of patients touch the ophthalmic equipment, which can lead to risk of spread of infection through aerosolized particles. Furthermore, disturbance in supply chain of products due to worldwide lockdowns has also hampered the traditional supply chain of portable slit lamp market. This has negatively affected the global portable slit lamp market.
Global Portable Slit Lamp Market - Restraints
A portable slit lamp uses bright light, which examines the condition of the patient’s eyes. This bright light may cause temporary blindness in eye sensitive patients and can cause irritation in eye accompanied with pain for some time after the examination of the patient’s eyes. This causes patient discomfort during examination procedures. Moreover, adjusting the proper beam alignment is also an issue while examining the eyes, thereby making the procedure more time consuming. These factors are expected to restrain the global portable slit lamp market growth.
Global Portable Slit Lamp Market - Regional Analysis
On the basis of region, the global portable slit lamp market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. In North America, according to American Academy of Ophthalmology, visual impairment is a major concern, as it may lead to increased risk of blindness. Moreover, various initiatives are taken in the U.S. for visual health such as ‘Health People 2020 Vision’, which aims to improve visual health. Therefore, such initiatives taken by governments are helping portable slit lamp companies to gain high supply and demand in the U.S. eye equipment market.
Moreover, in Europe, the portable slit lamp market is expected to achieve significant growth, as eye equipment manufacturing companies are focusing on research and development to gain more market share in the portable slit lamp market in this region. For instance, in 2015, Haag Streit UK announced that clement Clarke ophthalmic BA904 Portable slit lamp is now fully compatible with IEC 60601-1 3 edition standards.
Furthermore, Asia Pacific is expected to witness decent growth in the portable slit lamp market. According to Investigative Ophthalmology and Visual Science in 2015, 41% of individuals with age more than 50 years have eye related diseases and increasing eye disease condition. Thus, use of portable slight lamps have become vital in eye examination for diagnosis of various chronic eye diseases. Therefore, eye equipment companies are focusing on research and development for upgrading their portable slit lamps used in eye examination procedures. For instance, in 2016, U.S. Food and Drug Administration (FDA) approved Shanghai Bolan Optical Electra. Co.s portable slit lamp, which can be used in eye examination procedures.
Global Portable Slit Lamp Market - Competitive Landscape
Key players operating in the global portable slit lamp market include Shin Nippon (Rexxam Co.Ltd), Suzhou Kangjie Medical Inc, Ametek Reichert Technologies, Carl Zeiss Meditec, Inc, Keeler (Halma plc), Haag-Streit Holding, Kowa Optimed Inc, and ChongQing KangHua S & T Co., Ltd.
Global Portable Slit Lamp Market - Taxonomy