The global widefield imaging devices market size was valued at USD 548.5 million in 2021 and is poised to grow at a significant CAGR of 8.4% during the forecast period 2022-28. Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on “Widefield Imaging Devices Market by Component (Software (Data Analysis and Interpretation, Image viewing), Instruments), By Device Type (Tabletop, Handheld, Portable), By Application (Glaucoma, Diabetic retinopathy, Age-Related Macular Degeneration, Central Serous Retinopathy, Vitreous Traction, Pediatric, Point of Care, Others), By End User (Hospitals, Ambulatory Surgical Centres, Diagnostic Centres, Research Institutes), Geography - Global/Region/Country Forecast to 2028”.
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Growing R&D investments boost the Widefield Imaging Devices Market:
There are different illnesses that affect the peripheral retina and widefield imaging devices play an important role in the assessment of peripheral retinal pathology. High resolution and wide angle of such technology was currently developed as well as updated along with multimodal capabilities. Both the patients as well as practitioners are hugely benefitting from widefield imaging improvements. Widefield imaging technologies play an important role in ophthalmology practice due to the increasing number of illnesses such as age-related macular degeneration, systematic malignancies, hypertensive retinopathy, vascular disease, diabetic retinopathy and leukaemia.
One of the leading factors fuelling the widefield imaging devices market worldwide is the growing aged population across the globe. In spite of the several advantages provided by widefield imaging devices, there are a few factors restraining the adoption of these devices. If imaging is used as a confirmatory test, it frequently causes ophthalmologists to return to more conventional ways. Use of red and green laser wavelengths deforms the images obtained by widefield imaging devices. Population above 65 years was 13% of the entire population in the year 2010 according to WHO statistics and it is anticipated to grow till 53% till 2020. Moreover, increase in the occurrence of chronic eye diseases including diabetic retinopathy and glaucoma drives the widefield imaging devices market growth. In addition, growing R&D investments, presence of favorable reimbursement and developments in the technology impel the market growth. However, lack of skilled experts, lack of consciousness and high installation costs are the factors hamper the widefield imaging devices market growth worldwide.
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North America is the biggest market for widefield imaging devices followed by Europe because of the growing aged population, huge adoption of developments in the technologies, well-established healthcare infrastructure, increasing complications including skin cancers and diabetic retinopathy and favorable reimbursement policies. Regions such as Latin America and Asia Pacific are also projected to experience the considerable growth rate in the widefield imaging devices market during the prediction time span due to the factors such as increasing chronic complications related to ophthalmologic disorders, growing consciousness amid people, presence of rising countries like Japan, Brazil, India and China and huge population pool.
The widefield imaging devices market key players are Carl Zeiss AG, Leica Microsystems, SpectraScience Inc., Cytoviva Inc. (Aetos Technologies Inc.), Optical Imaging Ltd. and Michelson Diagnostics Ltd.
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