South and Central America Retinal Imaging Devices Market

The South & Central America retinal imaging devices market is expected to reach US$ 264.2 million by 2028 from US$ 194.2 million in 2021. The market is estimated to propel at a CAGR of 4.5% from 2021 to 2028.

Various medical devices have been integrated with artificial intelligence (AI) and are being commercialized. The ongoing trend for virtual reality (VR) and 3D imaging, nuclear imaging, and wearables is rapidly rising as well. Various companies are trying to integrate AI into retinal imaging devices. For instance, Google's DeepMind subsidiary, UCL, in collaboration with Moorfields Eye Hospital, has designed software that can identify various common eye diseases through 3D scans and assist in recommending treatments to patients. The system was launched in August 2018. It was trained on nearly 15,000 OCT scans collected from approximately 7,500 patients treated in Moorfields. Thus, the integration of AI into retinal imaging devices is likely to influence the market's growth in the near future.

According to the International Council of Nurses, the number of deaths of health professionals in Brazil was much more than in other countries during the second wave of COVID-19 due to high viral transmission. As Brazil has many populated regions with small houses with 6-7 people per house, the virus spread like wildfire. Currently, the countries in this region are rapidly increasing their clinical programs to fight against the novel coronavirus.

In such a scenario, Brazil has observed enormous difficulties in managing eye diseases and diabetes. Due to inadequate monitoring, many patients ended up being admitted to emergency departments due to retinal or vision impairment. During the pandemic, diabetics, diabetic retinopathy patients, and patients with other severe eye conditions were arriving late at hospitals, outside the therapeutic window for acute intervention. In addition, the country also faced difficulties in obtaining beds in the intensive care unit to manage the diseases during the acute phase. These factors are likely to harm the market growth 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 SCAM retinal imaging devices market at a promising CAGR during the forecast period.

South & Central America Retinal Imaging Devices Market Revenue and Forecast to 2028 (US$ Million)

South & Central 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

• South & Central America
• Brazil
• Argentina
• Rest of South & Central America

Companies Mentioned

• Carl Zeiss Meditec
• Revenio Group Oyj
• Nikon Corporation
• Topcon Corporation
• Epipole Ltd
• Eyenuk Inc.

South and Central America Retinal Imaging Devices Strategic Insights

Strategic insights for the South and Central America Retinal Imaging Devices provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

South and Central America Retinal Imaging Devices Report Scope

South and Central America Retinal Imaging Devices Regional Insights

The geographic scope of the South and Central America Retinal Imaging Devices refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.