As per a new report available on Radiant Insights, the global retinal imaging devices market is anticipated to witness a rapid growth over the forecast period (from 2017 to 2022). The retinal imaging devices are one of the recent technological developments in eye care. They can capture a digital image of the retina, blood vessels, and optic nerves sited at the back of the eyes. Retinal imaging technology helps detect many alterations to the eye structure at the back that can affect the eyes, as well as overall health.
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Retinal imaging is suggested if a patient has diabetes, macular degeneration, glaucoma, retinal toxicity, and other such eye conditions or diseases. All these conditions can potentially damage the blood vessels in the retina, the central part of the retina (macula), and the optic nerve (situated in the retina). Damage to these eye parts can eventually cause permanent loss of vision. Retinal imaging helps the ophthalmologists or optometrists find such diseases and monitor the overall health of the eyes.
The worldwide market for retinal imaging devices is anticipated to witness a rapid development at a healthy CAGR over the forecasting years. Growing occurrence of refractive errors, diabetic retinopathy, and glaucoma, is the key growth driver for this market. Rising number of geriatric population, which is highly prone to eye disorders, is also anticipated to boost the growth of this market during the forecast period.
Moreover, advent of highly advanced technologies has also led to a rapid growth of the global retinal imaging devices market. High adoption of retinal implants technologically enhanced handheld devices to detect macular degeneration is projected to fuel the market growth during the next few years. In addition, awareness with regards to various eye disorders and extensive research & development activities are also expected to further boost the global market.
The global retinal imaging devices market is categorized as per product types, applications or end-users, and regions. On the basis of product types, the market is segmented as hand held retinal imaging and others. According to applications, the market is trifurcated into home care, hospital, and eye clinic. Geographically, the overall market is split into Southeast Asia, India, Japan, China, United States, and Europe.
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Major companies operating in the global market for retinal imaging devices include Molecular Devices, LLC; Ardes S.p.A.; Carl Zeiss AG; and Topcon Corp. Most market players focus on novel product developments and extensive investments research & development (R&D) activities. These business strategies are expected to give them the much needed competitive edge over the global market.
The groundbreaking Optos technology launched by Optos plc can give a wide view of 200-degree of the retina in a single scan. This non-invasive imaging technology can provide a wider view. Apart from this, the technology can consistently provide extremely high-quality picture of the inner eye. The optomap, made available by the same company can capture images at high resolutions. They can enable 200-degree retina display in a single scan. Ultra-Widefield (UWF) retinal imaging can enable better classification, and enhanced & early diagnosis.
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