Global Ophthalmic Ultrasound Systems Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (A Scan, B Scan, Combined Scan, Pachymeter, Ultrasound Bio-Microscopy (UBM)), By Portability (Portable, Standalone), By End-Users (Hospitals, Ophthalmology Clinics, Others), And By Geography - Forecasts From 2022 To 2027

  • Published : Mar 2022
  • Report Code : KSI061611931
  • Pages : 124

The Global Ophthalmic Ultrasound Systems Market is projected to grow at a CAGR of 8.08% during the forecast period to reach US$3.978 billion by 2027, from US$2.308 billion in 2020.

The ophthalmic ultrasound system is a type of imaging system used to look at the anatomy and disease of the anterior and posterior segments of the eye. The frequency of sound used in most ophthalmic ultrasound systems is between 10 and 50 MHz, producing crisper images with greater frequency and shorter wavelength. In disorders including glaucoma, injuries, cysts, and neoplasms, the procedure is employed to obtain diagnostic information.

One of the key reasons driving the global ophthalmic ultrasound systems market during the forecast period is the rising burden of eye-related diseases. Eye diseases have arisen as a potential concern to populations in many developed and developing countries. Diabetic retinopathy has been added to the priority list as the prevalence of diabetes has increased in several countries. The most common causes of visual impairment are cataracts and untreated refractive problems, and most people with impaired vision are above the age of 50. Furthermore, during the forecasted timeframe, the market is expected to be driven by an increase in the senior population suffering from glaucoma. According to the World Health Organization, around 1.3 billion individuals experienced vision impairment in 2018, with 188.5 million having mild vision impairment, 217 million having moderate to severe vision impairment, and 36 million being blind.

Government regulations, the introduction of other advanced diagnostic techniques, and a lack of awareness about the product in emerging nations may restrict the market growth over the forecast period.

Key Developments

NIDEK CO LTD. introduced the Retina Scan Duo 2, a combined OCT and fundus camera system, in October 2021. The system includes new features that improve screening and clinical efficiency, as well as user-friendly elements that were carried over from the previous edition. ICare USA gained 510k certification from the US Food and Drug Administration in October 2021 for its EIDON Ultra-Widefield Lens module, which can capture 120 degrees of the retina in a single picture or photos up to 200 degrees in mosaic function mode. Eye Prime Diagnostic ultrasound technology was introduced by Ellex Medical Lasers Ltd. for evaluating eye pathology in April 2019.

By type, the global ophthalmic ultrasound systems market is segmented into A-scan, B-scan, pachymeter, combined scan, and ultrasound biomicroscope (UBM). With the introduction of minimally invasive procedures, A-scan was a prominent segment of the ophthalmic ultrasound systems market, owing to novel technological platforms that provided increased imaging reliability, accuracy, safety, and low post-operative pain. During the projected period, the combined scan sector is expected to rise exponentially. As a result, by the end of 2026, the segment is expected to have gained significant market share. B-scan provides a cross-sectional picture of the eye in two dimensions. It is applied to the closed eyelid's exterior.

By portability, the global ophthalmic ultrasound systems market is segmented into portable ophthalmic ultrasound systems and standalone ophthalmic ultrasound systems. In 2018, the portable category dominated the market, and it is expected to rise at a quick CAGR over the projected period. The primary elements expected to fuel the segment's growth are increased preference for portable devices due to their simplicity of use and a spike in the acceptance of innovative products.

By end-users, the global ophthalmic ultrasound systems market is segmented into hospitals, ophthalmology clinics, and others. Preference for hospitals is expected to fuel segment growth due to the availability of innovative technology and a large number of facilities accessible on a single site.

By geography, the global ophthalmic ultrasound systems market is segmented into five regions North America, Europe, South America, Middle East and Africa, and Asia Pacific regions. Because of its well-developed healthcare infrastructure and high healthcare spending, the North American region accounts for a significant share of the ophthalmic ultrasound imaging systems market. During the forecast period, the Asia Pacific market is expected to grow quickly. China dominated the ophthalmic ultrasound systems market in the Asia Pacific, while India's market is expected to grow at a significant CAGR over the projection period.

COVID-19 Insights

Due to the COVID-19 pandemic, smaller practices have closed completely, while larger firms are currently catering to emergencies. This, in turn, will have a major impact on ophthalmology. Following the COVID 19 epidemic, ophthalmologists would resume practice to address ongoing and new cases, leading to a prolonged turnaround time for patients undergoing selected procedures.

Global Ophthalmic Ultrasound Systems Market Scope:

Report Metric Details
 Market size value in 2020  US$2.308 billion
 Market size value in 2027  US$3.978 billion
 Growth Rate  CAGR of 8.08% from 2020 to 2027
 Base year  2020
 Forecast period  2022–2027
 Forecast Unit (Value)  USD Billion
 Segments covered  Type, Portability, End-Users, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered Sonomed Escalon, Halma plc, Appasamy Associates, DGH Technology Inc., Ellex Medical Lasers Ltd, Quantel Medical, Nikon Corporation (Optos Plc), NIDEK CO, Micro Medical Devices, Inc., MEDA Co., Ltd.
 Customization scope  Free report customization with purchase

 

Key Market Segments

  • By Type
    • A-Scan
    • B-Scan
    • Combined Scan
    • Pachymeter
    • Ultrasound Bio-microscopy (UBM)
  • By Portability
    • Portable Ophthalmic Ultrasound Systems
    • Standalone Ophthalmic Ultrasound Systems
  • By End-Users
    • Hospitals
    • Ophthalmology Clinics
    • Others
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • United Kingdom
      • Germany
      • France
      • Spain
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Israel
      • Others
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • Others

Frequently Asked Questions (FAQs)

Q1. What are the growth prospects for the ophthalmic ultrasound systems market?
A1. The ophthalmic ultrasound systems market is projected to grow at a CAGR of 8.08% during the forecast period.


Q2. What will be the ophthalmic ultrasound systems market size by 2027?
A2. The global ophthalmic ultrasound systems market is projected to reach a market size of US$3.978 billion by 2027.


Q3. What is the size of the global ophthalmic ultrasound systems market?
A3. Ophthalmic Ultrasound Systems Market was valued at US$2.308 billion in 2020. 


Q4. Which region holds the maximum market share in the ophthalmic ultrasound systems market?
A4. The North American region leads the ophthalmic ultrasound systems market due to its well-developed healthcare infrastructure and high healthcare spending.


Q5. What factors are anticipated to drive the ophthalmic ultrasound systems market growth?
A5. One of the key reasons driving the ophthalmic ultrasound systems market is the rising burden of eye-related diseases.


1. INTRODUCTION
1.1. Market Overview
1.2. Covid-19 Scenario
1.3. Market Definition
1.4. Market Segmentation

2. RESEARCH METHODOLOGY
2.1. Research Data
2.2. Assumptions

3. EXECUTIVE SUMMARY
3.1. Research Highlights

4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Powers of Buyers
4.3.3. Threat of Substitutes
4.3.4. The threat of New Entrants
4.3.5. Competitive Rivalry in Industry
4.4. Industry Value Chain Analysis

5. GLOBAL OPHTHALMIC ULTRASOUND SYSTEMS MARKET, BY TYPE 
5.1. Introduction
5.2. A Scan
5.3. B Scan
5.4. Combined Scan
5.5. Pachymeter
5.6. Ultrasound Bio-microscopy (UBM)

6. GLOBAL OPHTHALMIC ULTRASOUND SYSTEMS MARKET, BY PORTABILITY
6.1. Introduction
6.2. Portable Ophthalmic Ultrasound Systems
6.3. Standalone Ophthalmic Ultrasound Systems

7. GLOBAL OPHTHALMIC ULTRASOUND SYSTEMS MARKET, BY END-USERS    
7.1. Introduction
7.2. Hospitals
7.3. Ophthalmology Clinics
7.4. Others

8. GLOBAL OPHTHALMIC ULTRASOUND SYSTEMS MARKET, BY GEOGRAPHY
8.1. Introduction
8.2. North America
8.2.1. United States
8.2.2. Canada
8.2.3. Mexico
8.3. South America
8.3.1. Brazil
8.3.2. Argentina
8.3.3. Others
8.4. Europe
8.4.1. United Kingdom 
8.4.2. Germany
8.4.3. France
8.4.4. Spain 
8.4.5. Others
8.5. Middle East and Africa
8.5.1. Saudi Arabia
8.5.2. UAE
8.5.3. Israel
8.5.4. Others
8.6. Asia Pacific
8.6.1. China
8.6.2. Japan
8.6.3. India
8.6.4. South Korea
8.6.5. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrative
9.3. Mergers, Acquisition, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix

10. COMPANY PROFILES 
10.1. Sonomed Escalon
10.2. Halma plc
10.3. Appasamy Associates
10.4. DGH Technology Inc.
10.5. Ellex Medical Lasers Ltd
10.6. Quantel Medical
10.7. Nikon Corporation (Optos Plc)
10.8.  NIDEK CO 
10.9. Micro Medical Devices, Inc.
10.10. MEDA Co., Ltd.

Sonomed Escalon

Halma plc

Appasamy Associates

DGH Technology Inc.

Ellex Medical Lasers Ltd

Quantel Medical

Nikon Corporation (Optos Plc)

NIDEK CO

Micro Medical Devices, Inc.

MEDA Co., Ltd.