Ophthalmic Ultrasound Imaging Systems Market Worth Over USD 4,300 Million by 2024, Globally: Zion Market Research
September 14, 2018 --
According to the report, global ophthalmic ultrasound imaging systems market was valued at approximately USD 2,600 million in 2017 and is expected to generate revenue of around USD 4,300 million by end of 2024, growing at a CAGR of around 7% between 2018 and 2024.
New York, NY, Sept. 14, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Ophthalmic Ultrasound Imaging Systems Market by Product Type (A-Scan, B-Scan, Combined Scanning Device, Pachymeters, and Ultrasound Biomicroscope); by Modality (Standalone and Portable), and for End-User (Hospitals, Ophthalmology Clinics, Ambulatory Surgical Centre, and Eye Research Institutes): Global Industry Perspective, Comprehensive Analysis and Forecast, 2018 - 2024”. According to the report, global ophthalmic ultrasound imaging systems market was valued at approximately USD 2,600 million in 2017 and is expected to generate revenue of around USD 4,300 million by end of 2024, growing at a CAGR of around 7% between 2018 and 2024.
Ophthalmic ultrasound, also known as ophthalmic echography is a fast, non-invasive test consistently used in clinical practice to evaluate the pathology and structural integrity of the eye. The ophthalmic ultrasound also provides additional information which is not obtained by direct visualization of ocular tissues, and it is chiefly useful in patients with pathology that obscures or prevents ophthalmoscopy, for instance, large corneal opacities, vitreous hemorrhage or dense cataracts.
Browse through 72 Tables & 25 Figures spread over 130 Pages and in-depth TOC on “Ophthalmic Ultrasound Imaging Systems Market”.
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The global ophthalmic ultrasound imaging systems market is segmented as product type, modality, end user, and by geography. Based on product type, the ophthalmic ultrasound imaging systems market is segmented as A-scan, B-scan, the combined scanning device, pachymeters, and ultrasound biomicroscope. A-scan also refers to A-scan ultrasound biometry. The A-scan ultrasounds are used for the diagnosis of common eyesight disorders. They are extremely helpful in cataract surgeries, as they allow the ophthalmologist to determine the power of the intraocular lens required for the artificial implant. Moreover, they also help in measuring and diagnosing masses in the eyes. B-scan also was known as brightness scan, it provides the two-dimensional cross-sectional view of the orbit. The pachymeters are ophthalmic ultrasounds used to measure the thickness of the cornea. The pachymeter is expected to register the highest CAGR in the global ophthalmic ultrasounds imaging system market as they are portable, simple, and cost-effective in nature. Ultrasound biomicroscopes are expected to register a significant CAGR in the global market. In the field of ophthalmic imaging, ultrasound biomicroscopy (UBM) has become an obligatory tool. They help to detect ocular structures in the anterior segments of the eye non-invasively and clearly with the use of high-frequency ultrasound waves which reflect off anatomy to create high-resolution images.
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Based on modality, the global ophthalmic ultrasound imaging systems market is segmented as standalone and portable. The portable ophthalmic ultrasounds accounted for the topmost share in the global market and are expected to register the highest CAGR over the forecast period. The portable ultrasounds are economical in cost compared with standalone, hence they are easily affordable. Moreover, as they are portable in nature, they are easy to access for home care services and at ambulatory centers, and hence accounted for the largest share in the global ophthalmic ultrasound imaging system market in 2017.
On the basis of the end-user, the ophthalmic ultrasound imaging systems market is segmented as hospitals, ophthalmology clinics, ambulatory surgical center, and eye research institutes. The ophthalmology clinics accounted for the highest share in the global ophthalmic ultrasound imaging systems market in 2017. The large patient pool for ophthalmology clinics, easy availability of well-equipped ophthalmic ultrasounds at clinics, and presence of specialist in ophthalmic clinics are some of the factors contributing towards the highest share of segment in the global market.
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By geography, North America accounted for the highest share in the global ophthalmic ultrasound imaging systems market in 2017. The high spending on health care and availability of better healthcare infrastructure are the foremost factors contributing towards the huge share of the region in the market. According to the American Academy of Ophthalmology, in 2010, about 24.4 million Americans over 40 years were affected by cataract. At the age of 75 and above, about half of Americans have cataracts. In 2013, there were about 48,229 corneal transplants carried out in the United States. Moreover, the presence of a significant number of ophthalmologists is in the U.S. is also contributing towards a high share of North America in the global ophthalmic ultrasound imaging systems market. According to the American Academy of Ophthalmology, about 19,216 active ophthalmologists were recorded in 2014, and about 213,459 ophthalmologists globally.
Asia Pacific is expected to record the highest CAGR in the global ophthalmic ultrasound imaging systems market over the forecast period. The adoption of technically advanced ophthalmic devices, the large patient pool of glaucoma and uncorrected refractive errors is anticipated to propel the growth of ophthalmic ultrasound imaging systems market in the Asia Pacific over the forecast period. New diagnostic tools aid ophthalmologists to have a comprehensive view of the eye and allow them to recognize the informative features of ocular pathology, which is the benefit of conventional screening tools. Moreover, improvement in biometric precision by increasing frequencies of a transducer and using more advanced time measurement methods to replace traditional measurements of photographed A-mode displays. The growing number of untreated eye diseases and growing government support to avail the diagnosis and treatment are expected to propel the growth of the market in the Asia Pacific over the forecast period.
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The Latin America and the Middle East and Africa hold the least growth in the global ophthalmic ultrasound imaging systems market but is expected to register significant growth rate in the near future. Various companies operating in ophthalmic devices are expanding their footprints in the emerging economies such as Brazil, Mexico, South Africa, and other GCC Countries. The preference of the patients towards enhanced healthcare facilities is expected to generate growth prospects in Latin America, and the Middle East & Africa over the forecast period.
Some of the key players cover in ophthalmic ultrasound imaging systems market are Quantel Medical, Sonomed Escalon, Ellex Medical Lasers Ltd., Carl Zeiss Meditech AG, NIDEK Co., Ltd., DGH Technology, Inc., MEDA Co., Ltd., Micro Medical Devices, Inc., Optos Plc, Halma Plc, and Sonogage, Inc.
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This report segments the global ophthalmic ultrasound imaging systems market as follows:
Global Ophthalmic Ultrasound Imaging Systems Market: Product Type Segment Analysis
- Combined Scanning Device
- Ultrasound Biomicroscope
Global Ophthalmic Ultrasound Imaging Systems Market: Modality Segment Analysis
Global Ophthalmic Ultrasound Imaging Systems Market: End-User Segment Analysis
- Ophthalmology Clinics
- Ambulatory Surgical Centre
- Eye Research Institutes
Global Ophthalmic Ultrasound Imaging Systems Market: Regional Segment Analysis
- North America
- The U.S.
- Asia Pacific
- Latin America
- The Middle East and Africa
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