Global Ophthalmoscopes Market Size, Share, Trends & Demand by 2031

Global ophthalmoscopes market is projected to witness a CAGR of 6.13% during the forecast period, 2024–2031, growing from USD 257.46 million in 2023 to USD 414.31 million in 2031. The diagnosis and treatment of a variety of eye disorders have been revolutionized by ophthalmoscopes, which have created a significant impact on ophthalmology. Ophthalmoscope was invented by Hermann von Helmholtz in 1850, which proved to be a game changer in the field of ophthalmology as it made it possible to see the posterior part of the eye. The expansion of global ophthalmoscopes market is fueled by factors such as increasing prevalence of eye diseases, a growing geriatric population, advancing technology, and the rising incidence of diabetes.

The global ophthalmoscopes market is experiencing growth due to rising demand for high-end technological machinery. The amalgamation of AI and eye care technology has fueled the demand for ophthalmoscopes. Furthermore, more compact designs give quicker and more accurate results and are useful in the early detection of any signs of illness. People are increasingly becoming aware and are opting for a healthy lifestyle.

However, aging populations are increasing the prevalence of corneal disorders such as cataract, glaucoma, and retinal detachments, which has been another reason for increase in sale of ophthalmoscopes. The government has taken notable actions that lead to further development in the eye-care sector. It is collaborating with institutes to devise modern technology and solutions that can combat eye disorders. Most importantly, the increasing rate of these disorders in individuals is the major reason behind market expansion.

For instance, according to a report by the World Health Organization (WHO) in 2022, approximately 2.2 billion people worldwide were affected by either near or distant vision impairment. The primary causes of vision impairment include age-related macular degeneration, glaucoma, and diabetic retinopathy. Specifically, the prevalence of age-related macular degeneration is estimated at 8.0 million, glaucoma at 7.7 million, and diabetic retinopathy at 3.9 million. The increasing incidence of eye disorders globally, such as low vision and color blindness, is expected to drive the growth of the ophthalmoscopes market.

Technological Advancements

The demand for ophthalmoscopes is increasing due to advancements in technology, such as the incorporation of artificial intelligence and machine learning, which allows automatic detection and diagnosis of eye diseases. These ophthalmoscopes can analyze images of retina and optic nerve that help identify patterns and anomalies that may be an indication. Portable and digital ophthalmoscopes have enhanced the precision and accessibility of eye examinations and upcoming technology has made ophthalmoscopes more user-friendly and simpler to use, contributing to the market expansion. Such technology which is more effective than conventional know-how, has led to increased sales of ophthalmoscopes. In August 2022, Swaraashi Netralya introduced ophthalmic devices, including the Mirante SLO/OCT, to detect various eye concerns in both adults and children. The Mirante SLO/OCT is a scanning laser ophthalmoscope used to capture high-quality color images for screening diabetic retinopathy, age-related macular degeneration, and other retinal disorders.

Increasing Prevalence of Eye Conditions and Diseases

Visual impairment is a global health concern that negatively affects people’s physical and mental health. As the global population grows older, they are susceptible to developing eye-related disorders. Factors like the growing geriatric population, unhealthy lifestyle changes, and excessive use of mobile phones, and other digital gadgets are leading to a high prevalence of eye disorders such as glaucoma, diabetic retinopathy, cataract, age-related macular degeneration, and many other eye-related disorders. For instance, according to the World Health Organization (WHO) in 2022, out of approx. 2.2 billion people worldwide, at least 1 billion have a vision impairment that can be prevented or treated.

Common eye disorders in the United States include refractive errors, glaucoma, age-related macular degeneration, and cataracts. The CDC reports that 17.2 percent of Americans, over the age of 40, have cataract in at least one eye, counting to about 20.5 million people. By 2028, it is expected that over 30 million people will have cataracts.

Government Initiatives

Governments around the globe are proactively working towards improving the landscape of eye care. Public health campaigns, educational initiatives, and media awareness programs play a significant role in raising awareness about eye health, eye safety, and the importance of routine eye examinations. These governmental initiatives to highlight the significance of ophthalmoscopes in detecting eye diseases are driving the demand for diagnostic devices. The trend towards preventive eye care is gaining momentum as awareness grows, with individuals proactively seeking eye examinations to identify potential issues before they escalate. It drives the demand for ophthalmoscopes in primary care and eye clinics.

Ophthalmoscopes equipped with digital imaging capabilities are facilitating remote eye examinations, democratizing access to eye care and expanding the market’s reach. Furthermore, government initiatives like awareness and screening camps, may stimulate educational institutions and research centers to invest in ophthalmoscope equipment. The investment serves a dual purpose by training future eye care professionals for the proper use of ophthalmoscopes and supporting eye-related research endeavors.

Thus, the growing awareness of eye-related disorders and the significance of maintaining good eye health are fundamental forces that significantly boost the demand for ophthalmoscopes. In India, awareness rally on eye donation was carried out in Hubballi in 2023. Former Chief Minister along with founder of a Dr. Agarwals Eye Hospital, flagged the rally, and made people understand the significance of eye donation and make a pledge to donate their eyes so that they can live in the eyes of others even after their death.

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Increasing Awareness About Eye Care

The increasing awareness of eye-related disorders has led to more people seeking preventive eye care, early diagnosis, and treatment of eye diseases. Ophthalmoscopes are vital tools for eye doctors to inspect the insides of the eye and identify eye diseases. These are viable for early detection of any possible signs of eye-related disorder. The emphasis on early detection and diagnosis of eye disorders encourages individuals to consult healthcare providers at the slightest signs of visual disturbances or discomfort.

The rise in telemedicine and remote consultations is another notable outcome of increased awareness. Regular Eye checkups, investment in good quality eye care, and insurance are leading people towards adopting their treatment. Public health campaigns, educational initiatives, and media awareness programs are instrumental in shedding light on eye health, eye safety, and crucial role of routine eye exams. National Eye Health Week (NEHW) is a campaign that promotes the importance of regular eye tests through a series of themes and activities. The campaign aims to raise awareness about eye diseases and the significance of timely dissemination of information to safeguard sight. NEHW includes daily themes, ranging from NHS eligibility to myopia, and is an opportunity to highlight the importance of eye health, which people can do to improve and enhance their eye health, and to raise the profile of routine sight tests.

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North America Dominates Ophthalmoscopes Market

North America dominates the global ophthalmoscopes market and is the fastest growing among all other regions due to the presence of large number of cases for corneal disorders, rapidly changing lifestyles of people, and increasing screen time. Technological advancements, innovations, increasing geriatric population, significant investments, presence of major medical device manufacturers, and government initiatives are the factors contributing to the sustained growth of North America in ophthalmoscopes market. According to an article published by the Brain Focus Foundation in March 2023, approximately 20 million adults in the United States are affected by age-related macular degeneration (AMD).

Future Market Scenario (2024–2031F)

The amalgamation of AI and eye care has led to the expansion of this market. AI has enabled faster and better detection of indications of any disorders even at a very early stage. It has led to the introduction of precision eye care technology in the market. As people are becoming aware of eye care, the demand for eye care products is increasing globally. A plethora of personalized eye care in the market has presented an opportunity to further expand the market. The prevalence of eye disorders has spiked due to lifestyle changes and increased screen time.

Unhealthy lifestyle has been a reason for increased numbers of eye-disorders such as glaucoma, cataract in elderly, and shortsightedness and long sightedness in adults and teens. For instance, a recent study in China revealed that Myopia is the most common eye disorder worldwide with a prevalence rate of 25–50% adults in the United States and Europe, whereas it is 85–90% in the Asians. In fact, it was reported that in East of Asia, 24% of the teen patients of myopia may develop advanced myopia by the time they are adults.

Report Scope

“Ophthalmoscopes Market Assessment, Opportunities, and Forecast, 2017–2031F”, is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative and quantitative assessment of the current state of global ophthalmoscopes market, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, opportunities, and forecast between 2024 and 2031. Additionally, the report profiles the leading players in the industry mentioning their respective market share, business model, competitive intelligence, etc.

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