WIDEFIELD IMAGING SYSTEMS MARKET ANALYSIS

Widefield Imaging Systems MarketSize and Trends

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).

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

Market Trends

Analysts point out that favorable government policies and increasing prevalence of diabetic retinopathy, expected to drive the market during the forecast period. For example, government policies that allow patients reimburse their expenditure on health examinations can significantly drive the global widefield imaging systems market.

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.

Global Widefield Imaging Systems Market – DriverIncreasing 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.

Global Widefield Imaging Systems Market – 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.

Global Widefield Imaging Systems Market -  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.