Ophthalmoscopes Market - Size, Share, Outlook, and Opportunity Analysis, 2019

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: