North America Retinal Imaging Devices Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Device Type (Fluorescein Angiography, Fundus Camera, and Optical Coherence Tomography) and End User (Hospitals & Clinics, Ambulatory Surgical Centers, Specialized Eye Care Centers, and Other End Users)
The North America retinal imaging devices market is expected to reach US$ 936.7 million by 2028 from US$ 629.0 million in 2021. The market is estimated to grow at a CAGR of 5.9% from 2021 to 2028.
The growing prevalence of diabetes has resulted in the rising prevalence of diabetic retinopathy and blindness in adults. According to the International Diabetes Federation (IDF) data for 2021, nearly 537 million adults (between 20 and 79 years) are living with diabetes. The total number of people living with diabetes is projected to rise to 643 million by 2030 and 783 million by 2045. 3 in 4 adults with diabetes live in low- and middle-income countries. The report by IDF also stated the maximum portion of people in most countries is suffering from type 2 diabetes. Nearly 79% of the people who have type 2 diabetes are living in low and middle-income countries. Thus, owing to the projections and statistics by IDF, diabetic retinopathy is expected to become a major eye health condition or disease over the next few years.
The COVID-19 pandemic perplexed healthcare institutions in the region with unprecedented operational and clinical challenges. Moreover, the shift of priorities from eye disease treatment to COVID-19 diagnosis and treatment devices led to a decline in market growth to a certain extent. Retinal surgical patients require vital ICU resources and have also been potentially in the risk category of complications of COVID-19. The sustained efficacy of retinal disorder treatment depends on repeated and regular treatment until disease activity has ceased. However, most hospitals and surgical centers have considered canceling or postponing elective surgeries, including retinal surgeries, due to the pandemic situation.
Moreover, market players also witnessed disruption in their business operations, and slumped demand for products had a marginally negative impact on the North America retinal imaging devices market. Hence, the COVID 19 had a somewhat negative effect on the market before the introduction of the COVID-19 vaccine. However, in the long run, as the vaccination schedule has been established and the transmission rate decreases, healthcare systems are expected to return to normal and experience increased demand for retinal imaging devices during the forecast period.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America retinal imaging devices market at a substantial CAGR during the forecast period.
North America Retinal Imaging Devices Market Revenue and Forecast to 2028 (US$ Million)
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North America Retinal Imaging Devices Market Segmentation
By Device Type
- Fluorescein Angiography
- Fundus Camera
- Optical Coherence Tomography
By End User
- Hospitals & Clinics
- Ambulatory Surgical Centers
- Specialized Eye Care Centers
- Other End Users
By Country
- North America
- US
- Canada
- Mexico
Companies Mentioned
- Carl Zeiss Meditec
- Revenio Group Oyj
- Nikon Corporation
- Optomed
- Topcon Corporation
- Imagine Eyes
- Epipole Ltd
- Forus Health Pvt Ltd
- Eyenuk Inc.
- Phoenix Technology Group Llc
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Retinal Imaging Device Market – By Device Type
1.3.2 North America Retinal Imaging Device Market – By End User
1.3.3 North America Retinal Imaging Device Market – By Geography
2. Retinal Imaging Device Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Retinal Imaging Device – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 North America
4.3 Expert Opinion
5. Retinal Imaging Device – Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Rising prevalence of eye diseases
5.1.2 Growing initiatives for blindness
5.1.3 Technological advancements
5.2 Key Market Restraints
5.2.1 High cost of OCT devices
5.3 Key Market Opportunities
5.3.1 Opportunities to reduce cost of OCT devices
5.4 Future Trends
5.4.1 Integrating artificial intelligence in retinal imaging devices
5.5 Impact Analysis
6. Retinal Imaging Device Market – North America Analysis
6.1 North America Retinal Imaging Device Market Revenue Forecast And Analysis
7. Retinal Imaging Device Market Analysis – By Device Type
7.1 Overview
7.2 Retinal Imaging Device Market Revenue Share, by Device Type (2020 and 2028)
7.3 Fluorescein Angiography
7.3.1 Overview
7.3.2 Fluorescein Angiography: Retinal Imaging Device Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Fundus Camera
7.4.1 Overview
7.4.2 Fundus Camera: Retinal Imaging Device Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Optical Coherence Tomography
7.5.1 Overview
7.5.2 Optical Coherence Tomography: Retinal Imaging Device Market – Revenue and Forecast to 2028 (US$ Million)
8. Retinal Imaging Device Market Analysis – By End User
8.1 Overview
8.2 Retinal Imaging Device Market, by End User (2020 and 2028)
8.3 Hospitals & Clinics
8.3.1 Overview
8.3.2 Hospitals & Clinics: Retinal Imaging Device Market, Revenue and Forecast to 2028 (US$ Million)
8.4 Ambulatory Surgical Centers
8.4.1 Overview
8.4.2 Ambulatory Surgical Centers: Retinal Imaging Device Market, Revenue and Forecast to 2028 (US$ Million)
8.5 Specialized Eye Care Centers
8.5.1 Overview
8.5.2 Specialized Eye Care Centers: Retinal Imaging Device Market, Revenue and Forecast to 2028 (US$ Million)
8.6 Other End Users
8.6.1 Overview
8.6.2 Other End Users: Retinal Imaging Device Market, Revenue and Forecast to 2028 (US$ Million)
9. Retinal Imaging Device Market – Geographic Analysis
9.1 North America: Retinal Imaging Device Market
9.1.1 Overview
9.1.2 North America: Retinal Imaging Device Market – Revenue and Forecast to 2028 (US$ Million)
9.1.3 North America Retinal Imaging Device Market, by Device Type – Revenue and Forecast to 2028 (US$ Million)
9.1.4 North America Retinal Imaging Device Market, by End User – Revenue and Forecast to 2028 (US$ Million)
9.1.5 North America: Retinal Imaging Device Market, by Country, 2021 & 2028 (%)
9.1.5.1 US: Retinal Imaging Device Market – Revenue and Forecast to 2028 (US$ Million)
9.1.5.1.1 US: Retinal Imaging Device Market – Revenue and Forecast to 2028 (US$ Million)
9.1.5.1.2 US Retinal Imaging Device Market, by Device Type – Revenue and Forecast to 2028 (US$ Million)
9.1.5.1.3 US Retinal Imaging Device Market, by End User – Revenue and Forecast to 2028 (US$ Million)
9.1.5.2 Canada: Retinal Imaging Device Market – Revenue and Forecast to 2028 (US$ Million)
9.1.5.2.1 Canada: Retinal Imaging Device Market – Revenue and Forecast to 2028 (US$ Million)
9.1.5.2.2 Canada Retinal Imaging Device Market, by Device Type – Revenue and Forecast to 2028 (US$ Million)
9.1.5.2.3 Canada Retinal Imaging Device Market, by End User – Revenue and Forecast to 2028 (US$ Million)
9.1.5.3 Mexico: Retinal Imaging Device Market – Revenue and Forecast to 2028 (US$ Million)
9.1.5.3.1 Mexico: Retinal Imaging Device Market – Revenue and Forecast to 2028 (US$ Million)
9.1.5.3.2 Mexico Retinal Imaging Device Market, by Device Type – Revenue and Forecast to 2028 (US$ Million)
9.1.5.3.3 Mexico Retinal Imaging Device Market, by End User – Revenue and Forecast to 2028 (US$ Million)
10. Impact of COVID-19 Pandemic on North America Retinal Imaging Devices Market
10.1 North America: Impact Assessment of COVID-19 Pandemic
11. Retinal Imaging Devices Market– Industry Landscape
11.1 Overview
11.2 Growth Strategies Done by the Companies in the Market, (%)
11.3 Organic Developments
11.3.1 Overview
11.4 Inorganic Developments
11.4.1 Overview
12. Company Profiles
12.1 Carl Zeiss Meditec
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Revenio Group Oyj
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Nikon Corporation
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Optomed
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Topcon Corporation
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Imagine Eyes
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Epipole Ltd
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Forus Health Pvt Ltd
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Eyenuk Inc.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Phoenix Technology Group LLC
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. North America Retinal Imaging Device Market, by Device Type – Revenue and Forecast to 2028 (US$ Million)
Table 2. North America Retinal Imaging Device Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 3. US Retinal Imaging Device Market, by Device Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. US Retinal Imaging Device Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 5. Canada Retinal Imaging Device Market, by Device Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. Canada Retinal Imaging Device Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 7. Mexico Retinal Imaging Device Market, by Device Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. Mexico Retinal Imaging Device Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 9. Organic Developments Done By Companies
Table 10. Inorganic Developments Done by Companies
Table 11. Glossary of Terms, Retinal Imaging Device Market
LIST OF FIGURES
Figure 1. Retinal Imaging Device Market Segmentation
Figure 2. North America Retinal Imaging Device Market Overview
Figure 3. Fundus Camera Segment Held Largest Share of Device Type Segment in Retinal Imaging Device Market
Figure 4. US Region Is Expected to Show Remarkable Growth During the Forecast Period
Figure 5. North America Retinal Imaging Devices Market, Industry Landscape
Figure 6. North America PEST Analysis
Figure 7. Retinal Imaging Device Market Impact Analysis of Drivers and Restraints
Figure 8. North America Retinal Imaging Device Market – Revenue Forecast and Analysis – 2021- 2028
Figure 9. Retinal Imaging Device Market Revenue Share, by Device Type (2020 and 2028)
Figure 10. Fluorescein Angiography: Retinal Imaging Device Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. Fundus Camera: Retinal Imaging Device Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Optical Coherence Tomography: Retinal Imaging Device Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Retinal Imaging Device Market, by End User (2020 and 2028)
Figure 14. Hospitals & Clinics: Retinal Imaging Device Market, Revenue and Forecast to 2028 (US$ Million)
Figure 15. Ambulatory Surgical Centers: Retinal Imaging Device Market, Revenue and Forecast to 2028 (US$ Million)
Figure 16. Specialized Eye Care Centers: Retinal Imaging Device Market, Revenue and Forecast to 2028 (US$ Million)
Figure 17. Other End Users: Retinal Imaging Device Market, Revenue and Forecast to 2028 (US$ Million)
Figure 18. North America: Retinal Imaging Device Market, by Key Country – Revenue (2021) (US$ Million)
Figure 19. North America Retinal Imaging Device Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. North America: Retinal Imaging Device Market, by Country, 2021 & 2028 (%)
Figure 21. US: Retinal Imaging Device Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Canada: Retinal Imaging Device Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Mexico: Retinal Imaging Device Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Impact of COVID-19 Pandemic in North American Country Markets
Figure 25. Growth Strategies Done by the Companies in the Market, (%)
- Carl Zeiss Meditec
- Revenio Group Oyj
- Nikon Corporation
- Optomed
- Topcon Corporation
- Imagine Eyes
- Epipole Ltd
- Forus Health Pvt Ltd
- Eyenuk Inc.
- Phoenix Technology Group Llc
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America retinal imaging devices market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the North America retinal imaging devices market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.