Global Newborn Eye Imaging Systems Market to Reach USD 374.3 Million by 2032, Growing at a CAGR of 5.7%

Global Newborn Eye Imaging Systems Market

The global newborn eye imaging systems market is projected to experience significant growth, with a forecasted valuation of USD 374.3 million by 2032, up from USD 202.7 million in 2022. This growth represents a compound annual growth rate (CAGR) of 5.7% during the forecast period.

As advancements in pediatric healthcare continue to evolve, the demand for innovative eye imaging systems specifically designed for newborns is on the rise. These systems play a crucial role in the early detection and diagnosis of eye-related conditions, which can significantly impact a child’s overall development and quality of life.

Key factors driving the growth of the newborn eye imaging systems market include:

• Rising Awareness of Neonatal Eye Health: Increased awareness among healthcare providers and parents regarding the importance of early eye screenings for newborns is propelling the demand for specialized imaging systems.
• Technological Advancements: Continuous advancements in imaging technologies are leading to the development of more efficient and user-friendly systems, enhancing diagnostic capabilities and patient outcomes.
• Growing Incidence of Eye Disorders: The rising prevalence of eye disorders among newborns, including retinopathy of prematurity (ROP) and congenital cataracts, is driving the need for effective imaging solutions.
• Investment in Pediatric Healthcare: Increasing investments in pediatric healthcare infrastructure and research are facilitating the growth of the newborn eye imaging systems market, providing enhanced access to advanced diagnostic tools.

Eye imaging systems play a pivotal role in identifying and addressing ocular issues, with a strong focus on ophthalmic concerns. The global population is grappling with a substantial burden of eye disorders. Notably, in newborns, Retinopathy of Prematurity (ROP) emerges as a leading cause of vision impairment. ROP also impacts the blood vessels and spreads within the retina.

In light of these developments, the eye imaging technology sector is poised for a significant transformation, catering to the burgeoning demand for advanced diagnostics and treatment options. With a CAGR of 5.7%, the industry is primed to provide cutting-edge solutions to enhance vision and address eye health concerns.

New Born Eye Imaging Systems Industry: Drivers and Restraints

The New born eye imaging is an emerging market, as many players are coming with innovative devices for imaging and raising the funds for research on new born eye imaging system, for instance, in May 2017, Visunex Medical Systems, Inc., has raised fund of USD$ 20 Mn for the research and development and manufacturing of new born eye imaging system. Players are actively participating in development of imaging systems.

The ratio of effected born babies are also fuel the market to come with more advance products in the market, for instance, according to WebMD, LLC., 16,000 from 28,000 born babies are affected from ROP (retinopathy of prematurity) as the babies will be born less than 31 weeks and the weight will be more than 2 pounds in the U.S, The awareness is the hindrance for the product.

New Born Eye Imaging Systems Industry: Overview

New born eye imaging system is a growing market over the forecast period, as many product are coming in the market after getting approval from respective organization, all the product are in high demand for imaging, for instance, in March 2012, Russia’s third president has approved the purchase of new born eye imaging system from Clarity Medical Systems, Inc., and launched RetCam digital imaging program in Russian Federation for the treatment of prematurely born infants at risk for eye diseases like ROP (retinopathy of prematurity).

New Born Eye Imaging Systems Industry: Region-wise Outlook

Geographically, the New Born Eye Imaging Systems Industry Market is segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan, Middle East and Africa.

North America is the leading market as major players are placed inside and the number of population effected with new eye problem, for instance according to Centers for Disease Control and Prevention in October 2016, one in every 33 babies are affected from eye born diseases. Europe is also potential market as government are directly involved in treatment of eye diseases. Asia Pacific is a growing market as the awareness is very less in the market about this system.

New Born Eye Imaging Systems Industry: Key Players

Some players in the New Born Eye Imaging Systems Industry Market include Visunex Medical Systems, Inc., Eye Photo Systems, Merge Healthcare Incorporated, D-EYE S.r.l., Imagine Eyes, Natus Medical Incorporated and Servicom Medical (Singapore) Pte Ltd.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.

The report covers exhaustive analysis on

• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain

Regional analysis includes

• North America (U.S., Canada)
• Latin America (Mexico, Brazil and Rest of Latin America)
• Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg and Rest of Western Europe)
• Eastern Europe (Poland, Russia and Rest of Eastern Europe)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC, S. Africa, and Rest of MEA)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

A Full Report Overview

New Born Eye Imaging Systems Industry: Segmentation

New Born Eye Imaging System segmentation is based on

Based on diseases type

• Retinopathy of prematurity
• Ocular development
• Refractive state
• Strabismus
• Visual functions
• Visual acuity
• Visual fields
• Colour vision

Based on Device Type

• Basic Device
• Wireless Device

Based on End User

• Hospital
• Ophthalmology Diagnosis Centre
• Ambulatory Surgical Centre
• Others

Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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