Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1.76 Billion | USD 2.94 Billion | 5.3% | 2024 |
The global new born eye imaging systems market size was worth around USD 1.76 Billion in 2024 and is predicted to grow to around USD 2.94 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 5.3% between 2025 and 2034. The report analyzes the global new born eye imaging systems market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the new born eye imaging systems industry.
The market report is an in-depth study on newborn eye imaging systems in the healthcare industry, focusing on growth drivers and upcoming market trends. Also, the newborn eye imaging systems industry report offers comprehensive insights into the geographical and competitive marketplace.
The eye imaging system refers to the devices that assist in identifying the issues associated with the eyes. High-resolution imaging devices are needed to extract a clear image of the eye's internal structure in digital retinal imaging. It allows certified professionals to examine the retina’s health and manage eye problems like macular degeneration, glaucoma, diabetes, etc. We are witnessing high eye abnormalities like retinopathy of prematurity (ROP) in newborn babies leading to damaged eye cells and vision loss with time. The entire eye imaging system is essential to diagnosing these eye-related problems in newborns.
Rising number of babies with eye disorders will boost the growth of the global market.
The fast-growing number of babies globally is a major reason for the growth of the global newborn eye imaging systems market. These numbers further escalate the demand for eye imaging systems for newborns. Eye problems among newborns are increasing due to the changing lifestyle of people (including pregnant women). Also, the growing pollution further complements the factors impacting the health of the baby. Additionally, the increasing healthcare expenditure also positively impacts the growth trajectory of the global market. The presence of reimbursement policies in developed regions further encourages people to take complete treatment, thereby boosting the growth of the global market.
Lack of qualified professionals and personnel is expected to hamper the growth of the global market.
Sophisticated technologies and devices require certified professionals with good knowledge of the subject matter. A more clinical and skilled workforce is needed to use these advanced imaging systems with newborns. Such a market landscape is likely to hamper the growth of the global newborn eye imaging systems industry. Professional and personnel staff should undergo intensive training programs to master these tech devices.
Latest imaging equipment and upgraded technologies will offer immense growth opportunities in the global market.
The innovations in the healthcare industry led to the emergence of the latest imaging technologies and devices. The integration of deep learning and artificial intelligence (AI) owing to their benefits in screening a larger pool of the population for retinal disorders, is likely to offer immense growth opportunities in the global newborn eye imaging systems market. Several studies concluded that AI is highly effective in detecting eye disorders like retinopathy of prematurity, diabetic retinopathy, macular degeneration, and other neurological disorders such as Alzheimer's. Therefore, such a landscape is widening the scope of newborn eye imaging systems in the global market.
High cost is a big challenge in the global market.
The high costs of treatment are one of the biggest barriers in the global newborn eye imaging systems industry. The growing healthcare expenditure in developing and underdeveloped economies is negatively impacting the growth trajectory of the market. Also, the reimbursement policies in developed economies are reduced for imaging, thereby limiting the reach of mass numbers of people to complete treatment.
The global newborn eye imaging systems market can be segmented into end user, disease type, device type, and region.
On the basis of end-user, the market can be segmented into ophthalmology diagnosis centers, hospitals, ambulatory surgical centers, and others. The hospital segment holds the largest share of the global newborn eye imaging systems market with a market share of 38.54% in 2022. The hospital offers a myriad of services in eyecare procedures with advanced medical devices from leading companies; thereby, people prefer to visit hospitals more than any other options.
On the basis of disease type, the newborn eye imaging systems industry can be segmented into ROP, color blindness, strabismus, refractive error, retinal disease, and others. The ROP segment accounts for the largest share of the global newborn eye imaging systems market. The segment is expected to share a market revenue of 37.28% during the predicted period. Retinopathy of prematurity (ROP) is the primary cause of potential infant blindness globally.
Lack of proper knowledge and certified professionals is the major reason fueling the growth of the segment in the global market. Also, the tech advancements like the emergence of mydriatic and non-mydriatic cameras with broad and deep vision are expected to further strengthen the growth of the segment. Retinal disease is also forecasted to witness extensive growth in the coming years, with a CAGR of 6.8%. The increasing retinal disease problems like epiretinal membranes, retinopathy, retinal detachment, and retinal tears are expected to boost the segment's growth.
On the basis of device type, the market can be segmented into wireless devices and basic devices. The basic device segment dominates the global market with a market share of 56%. These devices take an accurate image of the baby's eye, including retina and pupil dilation. It offers information regarding anterior chamber depth, corneal thickness, optic nerve function, etc. The wireless segment is also likely to grow significantly with a healthy CAGR of 7.2% during the forecast period. These devices offer several advantages over others, like photographing difficult-to-reach areas (including the backside of the eye).
Report Attributes | Report Details |
---|---|
Report Name | New Born Eye Imaging Systems Market |
Market Size in 2024 | USD 1.76 Billion |
Market Forecast in 2034 | USD 2.94 Billion |
Growth Rate | CAGR of 5.3% |
Number of Pages | 199 |
Key Companies Covered | D-EYE S.r.l., Natus Medical Incorporated, SERVICOM MEDICAL (SINGAPORE) PTE LTD., Visunex Medical Systems, Inc., IBM, Remidio Innovative Solutions, System Vision SA, Allied Vision Technologies GmbH, Leica Microsystems, Canon Medical Systems, USA., Carl Zeiss Meditec AG, Intelligent Retinal Imaging Systems, Nikon Corporation, Kowa American Corporation, Topcon Europe Medical BV, NextSight, Veatch Ophthalmic Instruments, Boston Micromachines Corporation, Thales Group, Imagine Eyes, and others. |
Segments Covered | By Disease Type, By Device Type, By End-User, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America is expected to be the fastest-growing region in the global market.
North America is expected to dominate the global newborn eye imaging systems market with a market volume of 34.86% in 2022. The increasing prevalence of eye disorders like glaucoma and diabetic retinopathy is expected to augment the growth of the regional market. Also, people in the region are looking forward to the invasive treatment for eye disorders, which is likely to propel the growth of the regional market. Growing awareness among people regarding neonatal imaging is further expected to strengthen the regional market's growth. AI is being highly used for diagnosing blindness in premature newborns in the United States.
Europe is expected to be the fastest-growing region in the forthcoming years, with a healthy CAGR of 7.2%. The surging cases of ROP, along with the increasing disposable income of people, are likely to expand the regional market. Also, the presence of prominent market players in the region is further expected to augment the growth of the regional market.
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the new born eye imaging systems market on a global and regional basis.
The global new born eye imaging systems market is dominated by players like:
The global new born eye imaging systems market is segmented as follows;
By Disease Type
By Device Type
By End-User
By Region
FrequentlyAsked Questions
The eye imaging system refers to the devices that assist in identifying the issues associated with the eyes. High-resolution imaging devices are needed to extract a clear image of the eye's internal structure in digital retinal imaging. It allows certified professionals to examine the retina’s health and manage eye problems like macular degeneration, glaucoma, diabetes, etc. We are witnessing high eye abnormalities like retinopathy of prematurity (ROP) in newborn babies leading to damaged eye cells and vision loss with time.
The global new born eye imaging systems market is expected to grow due to rising prevalence of neonatal eye diseases, technological advancements, increasing preterm births, government initiatives, and growing awareness about early diagnosis.
According to a study, the global new born eye imaging systems market size was worth around USD 1.76 Billion in 2024 and is expected to reach USD 2.94 Billion by 2034.
The global new born eye imaging systems market is expected to grow at a CAGR of 5.3% during the forecast period.
North America is expected to dominate the new born eye imaging systems market over the forecast period.
Leading players in the global new born eye imaging systems market include D-EYE S.r.l., Natus Medical Incorporated, SERVICOM MEDICAL (SINGAPORE) PTE LTD., Visunex Medical Systems, Inc., IBM, Remidio Innovative Solutions, System Vision SA, Allied Vision Technologies GmbH, Leica Microsystems, Canon Medical Systems, USA., Carl Zeiss Meditec AG, Intelligent Retinal Imaging Systems, Nikon Corporation, Kowa American Corporation, Topcon Europe Medical BV, NextSight, Veatch Ophthalmic Instruments, Boston Micromachines Corporation, Thales Group, Imagine Eyes, among others.
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