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

Global ophthalmic ultrasound imaging systems market 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.

13-Sep-2018 | Number of pages: 130 | Report Code: ZMR-3359 | Report Format : | Status : Published

Analysis

Ophthalmic ultrasound is an imaging system used for evaluating the structures of the eye and the contiguous tissues. It is a primary diagnostic imaging modality for an eye and provides a non-invasive, instant, real-time feedback. Over half a century, ophthalmic ultrasound has been used and continues to be an imperative tool to review many types of ocular pathologies. The ophthalmic ultrasounds are a cost-effective tool as compared to other techniques such as magnetic resonance imaging (MRI), optical coherence tomography (OCT), and scanning Scheimpflug. The ophthalmic systems permit imaging of pathology and anatomy involving the posterior and anterior segment of the eye.

The increasing technological advancements and new product development are expected to propel the growth of the ophthalmic ultrasound imaging system market in the near future. Moreover, rising prevalence of eye disorders such as glaucoma, uncorrected refractive errors, cataract, neoplasms, and ciliary body cysts, are majorly contributing towards the augmentation of the ophthalmic ultrasound imaging systems market globally.  

Global Ophthalmic Ultrasound Imaging Systems Market

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. By modality, the ophthalmic ultrasound imaging systems market is segmented as standalone and portable. Based on end-user, the market is segmented as hospitals, ophthalmology clinics, ambulatory surgical center, and eye research institutes. 

By geography, North America dominated the global ophthalmic ultrasound imaging systems market in 2017 and is anticipated to retain its position in the coming years. The high spending on healthcare and better healthcare infrastructure in the U.S. is the key factor contributing towards the share of North America in the global ophthalmic ultrasound imaging systems market. According to the American Academy of Ophthalmology, in the U.S. about 2 million people in the year 2014 had undergone cataract surgery, and about 50 million are anticipated to suffer from cataract by 2050. The Asia Pacific is anticipated to grow at a high pace in the next coming years. Increasing number of cases of glaucoma and uncorrected refractive errors and growing awareness about diagnosis and treatment of ophthalmic diseases is anticipated to propel the growth of ophthalmic ultrasound imaging systems market in the near future. 

Some of the key players in the 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. The companies operating in the ophthalmic ultrasound imaging system market are launching new and innovative devices, such as incorporation of multiple technologies in the single device. For instance, in March 2018, the Quantel Medical received Approval from the FDA for the Next-Generation Compact Touch Ophthalmic Ultrasound Platform. The enhancements in the new generation of Compact Touch comprise a new B probe of 15 MHz to increase the superiority of the B-scan imaging necessary to vitreoretinal specialists. The software enhancement improves the workflow and the new design is user-friendly as well. Moreover, in September 2016, the Ellex Medical Lasers Limited had launched a new device to its diagnostic ultrasound portfolio, Eye One. The Eye One, portable ultrasound provides full coverage of all ocular inspection and measurement modes. The growing demand for technically advanced devices are expanding competition between the key players operating in ophthalmic ultrasound imaging systems market, and this is expected to propel the growth of the market globally in the near future. 


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