At 6.3% CAGR, the Middle East & Africa Fundus Cameras Market is Projected to be worth US$ 93.88 million by 2030, says Business Market Insights

According to Business Market Insights research, the Middle East & Africa fundus cameras market was valued at US$ 57.40 million in 2022 and is expected to reach US$ 93.88 million by 2030, registering a CAGR of 6.3% from 2022 to 2030. Increase in diabetic retinopathy screening procedures and launches of innovative products are the critical factors attributed to the Middle East & Africa fundus cameras market expansion.

The integration of artificial intelligence (AI) into fundus cameras is a burgeoning future trend that promises to revolutionize the field of ophthalmology. Fundus cameras are pivotal in capturing detailed images of the back of the eye, particularly the retina. AI integration in these devices is poised to enhance diagnostic accuracy and streamline patient care. AI algorithms can rapidly analyze fundus images to detect subtle abnormalities associated with conditions like diabetic retinopathy, glaucoma, and age-related macular degeneration. This real-time analysis enables early diagnosis, timely intervention, and better management of eye diseases. Moreover, AI can assist healthcare professionals by providing predictive insights, allowing for more precise treatment plans. It also has the potential to reduce overworked ophthalmologists and make eye care more accessible, especially in remote areas where specialists are scarce.

On the contrary, incorrect clinical diagnosis due to distorted fundus photography hurdles the growth of Middle East & Africa fundus cameras market.

Based on type, the Middle East & Africa fundus cameras market is categorized into mydriatic fundus camera, non-mydriatic fundus camera, hybrid fundus camera, and ROP fundus camera. The non-mydriatic fundus camera segment held 40.0% market share in 2022, amassing US$ 22.93 million. It is projected to garner US$ 37.09 million by 2030 to expand at 6.2% CAGR during 2022-2030.

Based on portability, the Middle East & Africa fundus cameras market is bifurcated into handheld and tabletop. The tabletop segment held 71.2% market share in 2022, amassing US$ 40.89 million. It is projected to garner US$ 65.95 million by 2030 to expand at 6.2% CAGR during 2022-2030.

Based on application, the Middle East & Africa fundus cameras market is categorized into diabetic retinopathy, age-related macular degeneration, retinal vascular disorders, and others. The diabetic retinopathy segment held 64.0% market share in 2022, amassing US$ 36.72 million. It is projected to garner US$ 62.62 million by 2030 to expand at 6.9% CAGR during 2022-2030.

Based on end user, the Middle East & Africa fundus cameras market is categorized into hospitals, ophthalmology centers, and others. The hospitals segment held 46.5% market share in 2022, amassing US$ 26.68 million. It is projected to garner US$ 43.93 million by 2030 to expand at 6.4% CAGR during 2022-2030.

Based on country, the Middle East & Africa fundus cameras market has been categorized into Saudi Arabia, South Africa, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that Saudi Arabia captured 34.2% share of Middle East & Africa fundus cameras market in 2022. It was assessed at US$ 19.64 million in 2022 and is likely to hit US$ 34.71 million by 2030, exhibiting a CAGR of 7.4% during 2022-2030.

Key players operating in the Middle East & Africa fundus cameras market are Nikon Corp, Topcon Corp, NIDEK CO LTD, Canon Inc, Carl Zeiss AG, Visionix USA Inc, and Volk Optical Inc, among others.

• In July 2022, Topcon Launched NW500 Non-Mydriatic Retinal Camera.

• In Aug 2021, Automated fundus screening by Thirona RetCAD is now available with NIDEK fundus cameras.
  
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