The Global Ultra-Widefield Retinal Imaging Devices Market size was estimated at USD Bn in 2021, growing at a CAGR of X% during the forecast period 2022-2028. Numerous illnesses impact the peripheral retina, and Ultra-widefield (UWF) imaging has become an important technique for evaluating peripheral retinal pathology. Devices for Ultra-Widefield Retinal Imaging, this technique was recently created and upgraded to include multimodal capabilities also including indocyanine green angiography and fluroscein, autofluorescence photos and pseudocolor fundud pictures, as well as a wide angle and high resolution. Significant medical findings in the adult and patients with specific eye illnesses like as diabetic retinopathy, retinal vascular occlusion, retinal detachment, age-related macular degeneration, and others have been made using this UWF technology. Worldwide, the increasing elderly population is a significant factor contributing to the growth of the Ultra-Widefield Retinal Imaging Devices market.
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According to the WHO data, the population over 65 years old accounted for around 13% of the total population in 2010 and is predicted to rise to 53% by 2020. Consequently, the burden of chronic eye disorders also including glaucoma, diabetic retinopathy, and others is increasing, boosting the market for Ultra-Widefield Retinal Imaging Devices. Furthermore, advantageous reimbursements, technological improvements, and increased RD investments all contribute to worldwide expansion. The rising frequency of diabetic retinal illness might indicate a surge in sales for ultra-widefield imaging devices. As per the American Optometric Association, 86 percent of people in the United States have diabetic retinopathy, which might fuel the expansion of the Ultra-Widefield Retinal Imaging Devices Market for appropriate diabetic retinopathy diagnosis. Lack of knowledge, expensive installation costs, high testing expenses, and a scarcity of qualified specialists, on the other hand, limit the market's global expansion.
The Ultra-Widefield Retinal Imaging Devices Market is fragmented on the basis of Application, Type, End user and Geographical regions. Based on the Type, global market is categorized into the following: Table top, Portable, and Hand held. On the basis of Application, global market is categorized into the following: Diabetic retinopathy, Glaucoma, Central Serous Retinopathy, Age – Related Macular Degeneration, Pediatric, Vitreous Traction, Point of Care, and Others. Based on the End User, global market is divided into the following: Ambulatory Surgical Centers, Hospitals, Research Institutes, and Diagnostic Centers.
Owing to the high introduction of technological progressions, an increase in health problems also including skin cancers and diabetic retinopathy, a very well healthcare facilities, favorable government initiatives, and a rapid growth in the aging population, North America is considered to be the largest market for Ultra-Widefield Retinal Imaging Devices, followed by Europe.
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There are several industry players working in the ultra-widefield retinal imaging devices market, which include Carl Zeiss AG (Germany), Leica Microsystems (Germany), SpectraScience Inc. (U.S.), Cytoviva Inc. (Aetos Technologies Inc.) (U.S.), Optical Imaging Ltd. (Israel), Michelson Diagnostics Ltd. (U.K.), PerkinElmer Inc. (U.S.), Nikon Corporation (Japan), Raytheon ELCAN Optical Technologies (The Raytheon Company) (U.S.), Jude Medical Inc. (U.S.), Somanetics Corporation (U.S.), Volcano Corporation (Volcano Corporation) (Netherlands), Topcon Medical Systems Inc. (Topcon Corporation) (Japan)
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