In a remarkable projection, the Global Born Eye Imaging Systems Industry is set to undergo a substantial transformation, with its anticipated value reaching an impressive US$ 374.3 million by the year 2032. This meteoric rise signifies a significant growth from the market’s value of US$ 202.7 million in 2022, reflecting a compound annual growth rate (CAGR) of 5.7% during the projection period.
The human eye is often regarded as the most intricate sensory organ, akin to a high-resolution camera that captures the world around us. Its functionality is elegantly simple yet incredibly sophisticated. Light is first focused onto the cornea, which acts as the lens of the eye, and then the intensity of light is masterfully controlled by the iris. The light subsequently falls upon the retina, where images are formed. The signals generated by the retina are then transmitted through the optic nerve to the brain, which plays a crucial role in our sense of sight.
In the realm of healthcare, eye imaging systems have emerged as a groundbreaking tool for diagnosing and addressing eye-related issues. Ophthalmology, the branch of medicine dedicated to eye care, continues to play a vital role in maintaining and improving our vision. Eye disorders affect a substantial portion of the global population, emphasizing the need for advanced diagnostic and treatment solutions.
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New Born Eye Imaging Systems: Drivers and Restraints
The New born eye imaging is an emerging market, as many players are coming with innovative devices for imaging and raising the funds for research on new born eye imaging system, for instance, in May 2017, Visunex Medical Systems, Inc., has raised fund of USD$ 20 Mn for the research and development and manufacturing of new born eye imaging system. Players are actively participating in development of imaging systems.
The ratio of effected born babies are also fuel the market to come with more advance products in the market, for instance, according to WebMD, LLC., 16,000 from 28,000 born babies are affected from ROP (retinopathy of prematurity) as the babies will be born less than 31 weeks and the weight will be more than 2 pounds in the U.S, The awareness is the hindrance for the product.
New Born Eye Imaging Systems: Overview
New born eye imaging system is a growing market over the forecast period, as many product are coming in the market after getting approval from respective organization, all the product are in high demand for imaging, for instance, in March 2012, Russia’s third president has approved the purchase of new born eye imaging system from Clarity Medical Systems, Inc., and launched RetCam digital imaging program in Russian Federation for the treatment of prematurely born infants at risk for eye diseases like ROP (retinopathy of prematurity).
New Born Eye Imaging Systems: Region-wise Outlook
Geographically, New Born Eye Imaging Systems Market is segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan, Middle East and Africa.
North America is the leading market as major players are placed inside and the number of population effected with new eye problem, for instance according to Centers for Disease Control and Prevention in October 2016, one in every 33 babies are affected from eye born diseases. Europe is also potential market as government are directly involved in treatment of eye diseases. Asia Pacific is a growing market as the awareness is very less in the market about this system.
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New Born Eye Imaging Systems: Key Players
Some players in New Born Eye Imaging Systems Market include Visunex Medical Systems, Inc., Eye Photo Systems, Merge Healthcare Incorporated, D-EYE S.r.l., Imagine Eyes, Natus Medical Incorporated and Servicom Medical (Singapore) Pte Ltd.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.
The report covers exhaustive analysis on
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico, Brazil and Rest of Latin America)
- Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg and Rest of Western Europe)
- Eastern Europe (Poland, Russia and Rest of Eastern Europe)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC, S. Africa, and Rest of MEA)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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New Born Eye Imaging Systems: Segmentation
New Born Eye Imaging System segmentation is based on
Based on diseases type
- Retinopathy of prematurity
- Ocular development
- Refractive state
- Strabismus
- Visual functions
- Visual acuity
- Visual fields
- Colour vision
Based on Device Type
- Basic Device
- Wireless Device
Based on End User
- Hospital
- Ophthalmology Diagnosis Centre
- Ambulatory Surgical Centre
- Others
Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
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