LONDON--(BUSINESS WIRE)--Technavio projects the global ophthalmoscopes market to post a CAGR of close to 6% during the forecast period. The increasing geriatric population coupled with growing eye care needs is a key driver, which is expected to positively impact market growth during the period 2018-2022.
The aging baby-boomer population is expected to drive the market as this population is more susceptible to eye-related issues such as cataract, dry-eye, diabetic retinopathy, and age-related macular degeneration. This will lead to increased demand for ophthalmoscopes for diagnosis and treatment.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Save more with Technavio. Buy 2 reports and get the third for FREE: View all Technavio’s current offers
In this report, Technavio highlights the growing demand for laser ophthalmoscopes as one of the key emerging trends to drive the market:
Growing demand for laser ophthalmoscopes
Laser delivery through binocular indirect ophthalmoscopes is a relatively recent technological innovation for the treatment of conditions such as retinal photocoagulation with venous occlusions, diabetic retinopathy, and post vitrectomy etc. Using this mode of laser delivery offers several advantages such as improved field of view of the retina, better comfort for the patient, and improved access to retinal periphery.
According to a senior analyst at Technavio for orthopedics and medical devices research, “This technology has a high rate of post-operative complications due to which several vendors in the market are investigating this new laser technology and trying to design such technologies that cater to the growing needs of end-users.”
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Market segmentation and analysis through 2022
This market research report segments the global ophthalmoscopes market by product (direct ophthalmoscopes and indirect ophthalmoscopes), by end-user (ophthalmology clinics, hospitals, and ASCs), and key regions (the Americas, APAC, and EMEA).
The ophthalmology clinics segment accounted for 47% of the market in 2017, followed by the hospitals segment. Owing to the easy availability of expert eye care professionals and accurate diagnosis and treatment, people are driven to ophthalmology clinics.
In 2017, the global ophthalmoscopes market was led by the Americas which accounted for 43% share followed by EMEA and APAC respectively. APAC is expected to witness an increase in its market share over the forecast period, while the Americas and EMEA will see a corresponding decline in their market shares by 2022.
Save big with Technavio this May!
Find out what companies are venturing in to beat the heat this summer! Technavio indulges you with a massive 20% OFF on all non-alcoholic beverages reports for the entire month.
Technavio honors the achievements and efforts of Motherhood this Mother's Day by offering a whopping 30% OFF on all cosmetics and toiletry reports. Offer valid from 7th May for a limited period.
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at email@example.com.