Global Widefield Imaging Systems Market, 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), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) 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), as highlighted in a new report published by Coherent Market Insights.
The key market players in the market are focusing on the adoption of organic growth strategies, such as product launches to expand their product portfolio, which is expected to drive market growth over the forecast period. For instance, in July 2019, Carl Zeiss, manufacturer of optical systems and optoelectronics, received for Clarus 700 ultra-wide field imaging device. This is a high-resolution ultra-wide field imaging system, which incorporates range of fundus imaging modalities including fluorescein angiography. Launch of this device will help the clinicians to accurately diagnose various forms of ophthalmic diseases such as uveitis, diabetic retinopathy, choroidal masses, detachments, retinal tears, and peripheral ischemia.
Global Widefield Imaging Systems Market– Impact of Coronavirus (COVID-19) Pandemic
The World Health Organization (WHO) designated the illness caused by the Severe Acute Respiratory Syndrome Coronavirus 2 (SARS-CoV-2), which first appeared in Wuhan (province of Hubei, China) in the last months of 2019 as "coronavirus disease 2019" or COVID-19. This virus spread quickly and had a serious negative impact on the economies, social behaviors, and healthcare of every country in the world.
COVID-19 affected the economy in three main ways: by directly affecting production and demand, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to the lockdown, several countries such as India, China, Brazil, and others faced problems with regard to the transportation of drugs from one place to another.
COVID-19 had a positive impact on the global widefield imaging systems market. For instance, according to the article, published in 2021, in Dove Medical Press Limited, the guidelines by the CDC has simultaneously challenge in the field of ophthalmology because of heavy reliance on diagnostic imaging being an essential component of daily clinical practice, research and education. CDC describe a safe and efficient novel technique for high quality remote imaging, which can allow both the continuation of imaging research as well as clinical imaging during the pandemic ensuring social distancing protocols.
Global Widefield Imaging Systems Market: Key Developments
The services launched for the diagnosis and improvement in diagnosis is is expected to aid in the growth of the global widefield imaging systems market. For instance, in December 2021, Eyenuk, Inc., global artificial intelligence (AI) digital health company, in collaboration with Discovery Health, South Africa-based financial services group, has launched a new Diabetic Retinopathy Screening Benefit nationwide in South Africa. It helps in enabling the detection of the onset of diabetic retinopathy as early as possible. Such benefits plans and services increases the early detection of the diseases, and hence drives the growth of market.
Browse 35 Market Data Tables and 34 Figures spread through 170 Pages and in-depth TOC on “Global Widefield Imaging Systems Market”- Forecast to 2030, Global Widefield Imaging Systems Market, by Component (Instrument, Software (Image Viewing Software, Data Analysis hand 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), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/widefield-imaging-systems-market-3375
Key Takeaways of the Global Widefield Imaging Systems Market:
- The global widefield imaging systems market is expected to exhibit a CAGR of 6.7% during the forecast period due to the increasing emergence of COVID-19. For instance, according to the article published in 2021, in National Library Of Medicine, in a survey at two tertiary eye care centers in the U.S., 47% of patients with Diabetic retinopathy (DR) who were scheduled to receive an injection between March 13 and May 6, 2020, loss of follow-up during the pandemic.
- Among Indication, pediatric retinal diseases segment is estimated to hold a dominant position in the global widefield imaging systems market over the forecast period. For instance, according to the article published in 2021, in Ophthalmology Journal, a three-year data from 2017–19 were extracted of age criteria up to 18 years. In that total of 11,807 relevant medical records were reviewed. It was conclude from the studies that refractive errors, allergic conjunctivitis, ocular injuries, amblyopia and squint, uveitis, congenital cataract, and non-strabismic binocular vision anomalies were identified as the most common pediatric retinal abnormalities seen in routine clinical practice.
- Among region, North America is expected to be the dominant region in the global widefield imaging systems market, owing to increasing technological advancement by key market players, to expand the product portfolio and strengthen their market presence, which is expected to drive the segment growth over the forecast period. For instance, in July 2021, Canon, a company provides photographic and digital imaging solutions, has launched Xephilio OCT-S1, a wide-field swept source Optical Coherence Tomography (OCT). It is used for non-contact observation of the ocular fundus and the tomographic shape of the retina.
- 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.
