Report ID: UCMIG35A2850
Report ID:
UCMIG35A2850 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
In 2017, the global market for nonmydriatic handheld fundus cameras achieved a valuation of USD 93.2 million, and it foresees a substantial growth trajectory with an expected compound annual growth rate (CAGR) of 9.1% across the forecast period. The surge in the aging global population, accompanied by a rise in chronic ailments such as diabetes and hypertension, has culminated in a noticeable upswing in the prevalence of ocular disorders. Notably, key retinal conditions encompass diabetic retinopathy, age-related macular degeneration, and retinopathy of prematurity. This surge in eye disorders has, in turn, spurred the demand for nonmydriatic handheld fundus cameras, which play a pivotal role in early detection and screening of a diverse range of ocular disorders, underscoring their indispensable significance in the realm of eye care.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Equipment by segment aggregation, the contribution of the Health Care Equipment in Health Care Equipment & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG35A2850