Market Overview:
The global indirect ophthalmoscope market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The increasing prevalence of eye disorders, such as diabetic retinopathy, peripheral neovascularization, pediatric retinal repairs and lattice degeneration is driving the growth of the global indirect ophthalmoscope market. In addition, the increasing demand for technologically advanced indirect ophthalmoscopes is also contributing to the growth of this market. On the basis of type, the global indirect ophthalmoscope market can be segmented into diabetic retinopathy, peripheral neovascularization, pediatric retinal repairs and lattice degeneration. The diabetic retinopathy segment is expected to account for a major share of this market in 2018 owing to its high prevalence across all regions. On the basis of application, this market can be divided into clinics, hospitals and others (including research institutes and academic institutions). The clinics segment accounted for a major share in 2017 and is projected to dominate this market duringthe forecast period owing to rising demand for eye care services across all regions.
Product Definition:
An indirect ophthalmoscope is a magnifying instrument that allows the examiner to see the retina and other structures at the back of the eye. The indirect ophthalmoscope consists of a binocular eyepiece and an illumination system. The examiner looks into one eyepiece while light is directed into the other eyepiece, which reflects off of objects in the eye and is focused onto the retina. This type of ophthalmoscope is especially useful for examining patients who have cataracts or who are unable to keep their eyes open for long periods because it does not require that they keep their eyes fixed on a target.
Diabetic Retinopathy:
Diabetic retinopathy is a chronic eye disease that develops when blood sugar (glucose) levels are too high and the small blood vessels in the retina get damaged. The disease may develop at any age but most commonly affects people aged 40-60 years. It is estimated that around 2 million people in America have diabetic retinopathy, which accounts for 10% of all cases diagnosed among patients suffering from diabetes mellitus.
Peripheral Neovascularization:
Peripheral neovascularization is the formation of new blood vessels from existing ones that supplies an increase in amount of oxygen and nutrients to the tissues. It helps in improving vision by increasing the blood flow to the retina. The process also helps in removing waste products such as urea, uric acid, and bilirubin from body cells.
Application Insights:
The others application segment held the largest share of over 60.0% in 2017. The other applications include diabetic retinopathy, neovascularization, pediatric retinal repairs and lattice degeneration. Diabetic retinopathy is expected to be the fastest growing application segment owing to increasing prevalence of diabetes mellitus across the globe and introduction of advanced products for early detection & treatment such as laser photocoagulation systems with indirect ophthalmoscopes for self-treatment at home by patients with diabetes.
Hospital is expected to be one of the fastest-growing segments due to factors such as increasing number of diabetic patients visiting hospitals due to complications arising from diabetes such as cataract surgery requiring an operating microscope, equipment availability and skilled manpower which encourages market growth in this region especially during forecast years 2018 through 2030 when compared with other regions where these products are already being used extensively like North America.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to increasing R&D investments by major companies, high adoption of technologically advanced devices, and rising prevalence of ophthalmic disorders. Moreover, presence of a large number of global players in this region increases the availability and accessibility of these instruments across the globe.
Asia Pacific is expected to witness lucrative growth over the forecast period owing to factors such as improving healthcare infrastructure & affordability leading to increased penetration rate for indirect ophthalmoscope devices among physicians in this region. In addition, growing awareness about various types of eye diseases coupled with rise in medical tourism will boost regional growth during the forecast period.
Growth Factors:
- Increasing prevalence of eye diseases: The increasing prevalence of various eye diseases is one of the key growth drivers for the indirect ophthalmoscope market. According to a study by The National Eye Institute, around 2 million people in the U.S. are affected by glaucoma and this number is expected to reach 3 million by 2020. Furthermore, diabetic retinopathy affects nearly 7 million Americans and it is estimated that this number will increase to 11 million by 2030. This growing prevalence of various eye diseases is anticipated to drive the demand for indirect ophthalmoscopes in the coming years.
- Rising geriatric population: The global geriatric population is increasing at a rapid pace and this trend is expected to continue in the future as well, owing to advancements in healthcare technologies and rising awareness about health issues among seniors worldwide. This growing geriatric population is likely to create significant opportunities for indirect ophthalmoscope manufacturers in the coming years as they are more prone to develop age-related eye disorders such as cataracts, glaucoma, macular degeneration, etc., which can be diagnosed with an indirect ophthalmoscope effectively .
Scope Of The Report
Report Attributes
Report Details
Report Title
Indirect Ophthalmoscope Market Research Report
By Type
Diabetic Retinopathy, Peripheral Neovascularization, Pediatric Retinal Repairs, Lattice Degeneration
By Application
Clinic, Hospital, Others
By Companies
Veatch Ophthalmic Instruments, Heine, Iridex, Keeler, Oftas, Ziemer Ophthalmic Systems AG, Welch Allyn Insight, Lvpei, Nidek Co. Inc, Neitz, Ellex Medical Lasers Ltd
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Indirect Ophthalmoscope Market Report Segments:
The global Indirect Ophthalmoscope market is segmented on the basis of:
Types
Diabetic Retinopathy, Peripheral Neovascularization, Pediatric Retinal Repairs, Lattice Degeneration
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Clinic, Hospital, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Veatch Ophthalmic Instruments
- Heine
- Iridex
- Keeler
- Oftas
- Ziemer Ophthalmic Systems AG
- Welch Allyn Insight
- Lvpei
- Nidek Co. Inc
- Neitz
- Ellex Medical Lasers Ltd
Highlights of The Indirect Ophthalmoscope Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Diabetic Retinopathy
- Peripheral Neovascularization
- Pediatric Retinal Repairs
- Lattice Degeneration
- By Application:
- Clinic
- Hospital
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Indirect Ophthalmoscope Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An indirect ophthalmoscope is a type of medical instrument that uses an image from the eye to provide information about the inside of the eye. This type of ophthalmoscope is often used to examine the retina and optic nerve.
Some of the major companies in the indirect ophthalmoscope market are Veatch Ophthalmic Instruments, Heine, Iridex, Keeler, Oftas, Ziemer Ophthalmic Systems AG, Welch Allyn Insight, Lvpei, Nidek Co. Inc, Neitz, Ellex Medical Lasers Ltd.
The indirect ophthalmoscope market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Indirect Ophthalmoscope Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Indirect Ophthalmoscope Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Indirect Ophthalmoscope Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Indirect Ophthalmoscope Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Indirect Ophthalmoscope Market Size & Forecast, 2020-2028
4.5.1 Indirect Ophthalmoscope Market Size and Y-o-Y Growth
4.5.2 Indirect Ophthalmoscope Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Diabetic Retinopathy
5.2.2 Peripheral Neovascularization
5.2.3 Pediatric Retinal Repairs
5.2.4 Lattice Degeneration
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Clinic
6.2.2 Hospital
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Indirect Ophthalmoscope Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Indirect Ophthalmoscope Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Diabetic Retinopathy
9.6.2 Peripheral Neovascularization
9.6.3 Pediatric Retinal Repairs
9.6.4 Lattice Degeneration
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Clinic
9.10.2 Hospital
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Diabetic Retinopathy
10.6.2 Peripheral Neovascularization
10.6.3 Pediatric Retinal Repairs
10.6.4 Lattice Degeneration
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Clinic
10.10.2 Hospital
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Diabetic Retinopathy
11.6.2 Peripheral Neovascularization
11.6.3 Pediatric Retinal Repairs
11.6.4 Lattice Degeneration
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Clinic
11.10.2 Hospital
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Diabetic Retinopathy
12.6.2 Peripheral Neovascularization
12.6.3 Pediatric Retinal Repairs
12.6.4 Lattice Degeneration
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Clinic
12.10.2 Hospital
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Diabetic Retinopathy
13.6.2 Peripheral Neovascularization
13.6.3 Pediatric Retinal Repairs
13.6.4 Lattice Degeneration
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Clinic
13.10.2 Hospital
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Indirect Ophthalmoscope Market: Competitive Dashboard
14.2 Global Indirect Ophthalmoscope Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Veatch Ophthalmic Instruments
14.3.2 Heine
14.3.3 Iridex
14.3.4 Keeler
14.3.5 Oftas
14.3.6 Ziemer Ophthalmic Systems AG
14.3.7 Welch Allyn Insight
14.3.8 Lvpei
14.3.9 Nidek Co. Inc
14.3.10 Neitz
14.3.11 Ellex Medical Lasers Ltd
