Ophthalmic Ultrasound Devices Market Size, Share, Growth Report 2032

Ophthalmic Ultrasound Devices Market

Ophthalmic Ultrasound Devices Market : Global Industry Perspective, Comprehensive Analysis and Forecast, 2018-2025

Category: Healthcare Report Format : PDF Pages: 110 Report Code: ZMR-4295 Published Date: Jul-2019 Status : Published

The report covers forecast and analysis for the ophthalmic ultrasound imaging systems market on a global and regional level. The study provides historic data from 2015 to 2018 along with a forecast from 2019 to 2025 based on revenue (USD Billion).

Ophthalmic Ultrasound Devices Market

Industry Perspective:

The report covers forecasts and analysis for the ophthalmic ultrasound imaging systems market on a global and regional level. The study provides historic data from 2015 to 2018 along with a forecast from 2019 to 2025 based on revenue (USD Billion). The study includes drivers and restraints for the ophthalmic ultrasound imaging systems market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities and various trends in the ophthalmic ultrasound imaging systems market on a global level.

Market Analysis and Insights: Global Ophthalmic Ultrasound Devices Market

As per the report, the global demand for the ophthalmic ultrasound devices market was valued at approximately USD 2.84 billion in 2018 and is expected to generate revenue of around USD 4.09 billion by end of 2025, growing at a CAGR of around 5.4% between 2019 and 2025.

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Ophthalmic Ultrasound Devices Market: Growth Drivers

Worldwide demand for advanced eye care is growing at a rapid pace. Global demand for ophthalmic ultrasound devices is expected to be driven by an increasing number of cases of cataracts and ocular diseases among the geriatric population. Additionally, the wide adoption of technologically advanced, innovative, and new ophthalmic ultrasound products by ophthalmologists is expected to be a major factor attributing to the growth of the ophthalmic ultrasound devices market.

However, high prices of technologically advanced new ophthalmic ultrasound devices and stringent regulatory requirements may act as restraints to ophthalmic ultrasound devices' market growth. Emerging countries are expected to bring new growth avenues for ophthalmic ultrasound device manufacturers.

Ophthalmic Ultrasound Devices Market: Segmentation

Based on product, the market is segmented into Combined Scan, B-Scan, A-Scan, Ultrasound Bio Microscope (UBM), and Pachymeter. Among the product segment, A-scan also called the time amplitude scan ultrasound biometry segment held the largest market share in 2018. It is a routine diagnostic test that provides eye length data which is a major factor in determining common sight disorders. Combination scans offer more than 95% accuracy in the diagnosis of eye disorders and thus combined scan is expected to register the highest CAGR over the forecast period.

Based on type, the market is segmented into on-platform and portable. The on-platform segment held the largest market share in 2018 whereas the portable type devices segment is expected to register the highest CAGR over the forecast period. Increasing demand for portable devices is mainly due to their portability, availability of innovative and new devices in the market, and increasing preference.

Hospitals end-user segment dominated the market in terms of revenue in 2018 owing to the large patient pool and increasing adoption of technologically advanced new products to provide best-in-class services to patients.

Ophthalmic Ultrasound Devices Market: Regional Analysis

At the regional level, North America dominated the global ophthalmic ultrasound devices market and accounted for about 42% market share in 2018.

The North American region is projected to lead the market over the forecast period with progress mostly focused in the U.S. market. An increasing number of the geriatric population vulnerable to eye-related problems and a surge in the diabetic patient population are major factors that attribute to the largest revenue share.

Europe was the second largest ophthalmic ultrasound devices market in 2018 globally. Growing demand for technological advancement and innovative and new ophthalmic devices are major factors driving the demand for ophthalmic ultrasound devices in Europe.

Asia Pacific is estimated to be growing at the highest CAGR over the forecast period. This high growth is attributable to the increasing aging population in emerging economies such as China and India along with an increasing incidence rate of diabetes due to a sedentary lifestyle, increasing eye-related disorders, etc.

Key Market Players & Competitive Landscape:

Some of the key players in the ophthalmic ultrasound devices market includeCarl Zeiss Meditec AG, Ametek, Inc., DGH Technology, NIDEK Co, Ltd., Halma plc, Ellex Medical Lasers Ltd., Optos plc (Nikon Corporation), Quantel Medical (Lumibird), Appasamy Associates, Escalon Medical Corp., and Micro Medical Devices, Inc., among others.

Global Ophthalmic Ultrasound Imaging Systems Market: Product Type Segment Analysis

  • A-Scan
  • B-Scan
  • Combined Scanning Device
  • Pachymeters
  • Ultrasound Biomicroscope

Global Ophthalmic Ultrasound Imaging Systems Market: Modality Segment Analysis

  • Standalone
  • Portable

Global Ophthalmic Ultrasound Imaging Systems Market: End-User Segment Analysis

Global Ophthalmic Ultrasound Imaging Systems Market: Regional Segment Analysis 

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

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