Global ophthalmic ultrasound market is projected to witness a CAGR of 7.96% during the forecast period 2024–2031, growing from USD 627.8 million in 2023 to USD 1158.58 million in 2031. Due to the rising incidence of vision impairment and the resulting need for early and accurate diagnosis, the global ophthalmic ultrasound market is expanding rapidly. The growing geriatric population is the primary cause of vision impairment. Early diagnosis is crucial for managing various vision problems that arise with age, including macular degeneration and presbyopia. Ophthalmic ultrasound has the potential to provide evaluation of traumatic eye injuries, assessing presence and location of intraocular tumors, including small tumors that have not yet caused visual distortion, evaluation of retinal detachment and evaluation of vascular disease.
The benefits of ophthalmic ultrasounds are becoming more widely known to patients, which has increased acceptance of these diagnostic imaging devices. Technological advancements, product launches by the market players, increased healthcare expenditure, and increasing disposable incomes are playing a major role in the growth of the ophthalmic ultrasound market. Moreover, governmental support and initiatives to improve access to eye care services, such as diagnostic appliances for low socio-economic people and public and private firm’s collaborations and joint ventures to invest in research and development of the more efficient and effective diagnostic approaches, further facilitate growth in the global ophthalmic ultrasound market.
Increasing Prevalence of Vision Impairments
There has been a surge in demand for ophthalmic ultrasound due to the rising number of vision impairments worldwide. Ophthalmic ultrasound, with its non-invasive nature and ability to provide detailed images of ocular structures, plays an important role in diagnosing and managing various eye conditions such as cataracts, myopia, hyperopia, diabetic retinopathy, glaucoma, age-related macular degeneration, and presbyopia.
According to WHO, 2.2 billion people are suffering from near or distance vision impairment, globally. The annual global cost of productivity associated with vision impairment is estimated to be USD 411 billion, posing a massive financial burden on global healthcare systems. The prevalence of vision impairment is most common in low-and-middle-income-countries. Early detection and early intervention by improving access to eye wear and using ophthalmic ultrasounds for accurate diagnosis are crucial in managing vision impairment.
Technological Advancements in Ophthalmic Ultrasound
Technological innovations in ultrasound technology have enabled high imaging capabilities, providing clinicians with increased accuracy and details in visualizing ocular structures. The integration of artificial intelligence (AI) and machine learning has further facilitated diagnostic accuracy for faster and accurate detection of eye conditions. The miniaturization of ultrasound devices has led to portability, allowing point-of-care diagnostics. In June 2023, Eyenuk, a global leader in AI-based ophthalmic ultrasound and AI Predictive Biomarkers, received U.S. FDA clearance to use the Topcon NW400 retinal camera to automatically detect diabetic retinopathy with the use of AI. This innovative product would help the diabetic patients to save their vision by early detection.
Government Initiatives
Recognizing the growing burden of eye diseases and the need for advanced diagnostic devices, many governments have formulated healthcare policies and initiatives to support the adoption of ophthalmic diagnostic devices. Programs for funding, grants for research, and subsidies for the development of these diagnostic devices have encouraged medical facilities and practitioners to incorporate these devices into their practices. In May 2023, National Health Service (NHS) England announced the implementation of a new clinical guidance, which could reduce waiting times for eye care services for patients in England. The initiative also aims to provide improved eye care diagnosis and treatment with the help of latest digital diagnostic appliances such as ophthalmic ultrasound devices. This will improve the speed and quality of eye care treatment for patients.
Growth in Portable Ophthalmic Ultrasound
Among the product segment, portable ophthalmic ultrasound is expected to grow faster in the forecasted period. Technological advancements in this segment have led to the development of advanced devices, such as light-weight portable devices, that can provide point of care services to the bedridden patients and during emergency locations. Many key market players understand the growing demand of this segment and are launching modern devices with high accuracy and precision. In August 2023, Alpinion Medical Systems Co. Ltd. launched their portable ultrasound device “X-Cube i9”. It is equipped with dual batteries and probe connectors. X-Cube i9 is lightweight, has extended portability and sets up in just one minute, providing up to 100 hours of standby mode and more than one hour of scan mode operation. This device will provide ophthalmic screening, be beneficial in early detection and quick analysis, and provide care at the bedside.
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North America Holds Largest Share in Ophthalmic Ultrasound Market
North America accounts for a significant share in the global ophthalmic ultrasound market. Robust healthcare infrastructure and advanced healthcare facilities are some of the factors which make North America a global leader in the global healthcare market. Growing awareness of the importance and benefits of screening and early diagnosis in preventing eye diseases drives the global demand for ophthalmic ultrasound. High number of eye surgeries in the region, and availability of many surgeons further leads to increased application of ophthalmic ultrasounds for constant evaluation and screening of eye diseases. There are around 20 million cataract surgeries performed each year, and the United States accounts for 3.7 million surgeries performed each year. In 2020, ophthalmologists performed 800,000 laser refractive procedures and 47,000 corneal transplants in the United States. These surgeries consistently require screening and evaluation, which drives demand in demand in this region. Moreover, key market players like DGH Technology, Inc. and Escalon Medical Corp. play a pivotal role in the availability of advanced medical devices for ophthalmology.
Future Market Scenario
The global ophthalmic ultrasound market is expected to grow in the coming years due to several factors. The global prevalence of vision impairment will increase as the population grows old. This will increase the demand for ophthalmic ultrasound due to its ability to diagnose eye-related disorders with accuracy and precision. Ophthalmic ultrasounds are cost-effective and play a crucial role in providing early intervention. The public increasingly recognizes the importance of early diagnosis and disease prevention for disorders related to the eyes. Technological advancements, government programs, increasing healthcare budgets, and collaborative partnerships between medical device companies, research institutions, and other healthcare providers are some of the factors responsible for driving the market’s growth over the forecast period.
In the dynamic landscape of healthcare technology, the Ophthalmic Ultrasound Market stands as a beacon of innovation, promising profound insights into ocular health. As we delve into the intricate world of ophthalmic ultrasound, let’s explore the market’s size, burgeoning growth trends, and the transformative impact it has on ophthalmic diagnostics.
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Market Size:
The Ophthalmic Ultrasound Market has witnessed remarkable expansion, driven by the increasing prevalence of eye disorders and the demand for precise diagnostic tools. The market’s size, a testament to its significance, has grown exponentially in recent years. With a comprehensive analysis of current market dynamics, experts project a robust trajectory in the coming years.
Growth Trends:
- Technological Advancements: The ophthalmic ultrasound sector is undergoing a technological renaissance. Advanced imaging techniques, including high-frequency ultrasound and 3D imaging, have revolutionized diagnostic capabilities. These innovations empower healthcare professionals to glean detailed insights into ocular structures, aiding in the early detection and management of various eye conditions.
- Rise in Age-related Eye Diseases: As the global population ages, the prevalence of age-related eye diseases such as macular degeneration and glaucoma is on the ascent. Ophthalmic ultrasound plays a pivotal role in diagnosing and monitoring these conditions, contributing significantly to the market’s growth. Early detection facilitated by ultrasound technology enhances treatment outcomes and preserves vision.
- Increased Emphasis on Non-invasive Diagnostics: The shift towards non-invasive diagnostic tools is a driving force behind the market’s momentum. Ophthalmic ultrasound procedures offer a non-intrusive means of assessing ocular health, minimizing patient discomfort while providing clinicians with comprehensive data. This trend aligns with the growing preference for patient-centric healthcare solutions.
- Expanding Applications Beyond Diagnostics: Beyond traditional diagnostic applications, ophthalmic ultrasound is finding new frontiers. It is increasingly utilized in procedures such as ocular surgeries, guiding surgeons with real-time imaging. This expansion of applications broadens the market’s scope and fosters a multi-dimensional approach to ophthalmic care.
- Global Outreach and Awareness: A concerted effort to raise awareness about the importance of regular eye check-ups and early diagnosis has contributed to the market’s growth. Governments, healthcare organizations, and industry players are collaborating to promote eye health, fostering a proactive approach to ocular well-being.
Conclusion:
The Ophthalmic Ultrasound Market, with its evolving landscape and transformative technologies, is poised for sustained growth. The amalgamation of technological advancements, increased awareness, and a holistic approach to eye health positions ophthalmic ultrasound as a cornerstone in the realm of ophthalmic diagnostics. As we navigate the future, the market’s trajectory holds the promise of enhanced precision, improved patient outcomes, and a brighter outlook for ocular health worldwide.
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The parts that drive and limit the advancement of the Ophthalmic Occluder Market are altogether reviewed.
Porter’s Five Forces study complements the power of buyers and suppliers in aiding accomplices in making fundamental business decisions and choosing the level of industry force.
Expansive assessments of key mechanical areas help in understanding the different sorts of things and advances used in different bits of the world.In light of districts, the Ophthalmic Occluder Market report covers the U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of the Middle East and Africa (MEA) as a piece of the Middle East and Africa(MEA), Brazil, Argentina and Rest of South America as an element of South America.Get a Sample Copy of the Report to understand the structure of the complete reporthttps://www.oneupbusinessinsights.com/request_sample.php?tname=316848Top key players: Gulden Ophthalmics, Good-Lite, Blundell Harling, Precision Vision, GOLGATHA company, and Elbee Medical DevicesSegmentation of Ophthalmic Occluder Market:Product Type CoveragePlasticAlloyApplication CoverageHospitalClinicOtherOphthalmic Occluder Market: Regional Segment AnalysisMore Information:The report includes :1.)
The Asia Ophthalmic Occluder Market;3.)
Due to the increasing adoption of advanced imaging systems in healthcare industry, ultrasound systems continue to be an irreplaceable commodity.
In the view of rising healthcare costs, affordable and accurate imaging & diagnosis achieved through ultrasound technology will continue to attract patients, and render profits even in conventional medical settings.
Fact.MR’s report on the global market for ultrasound systems projects a steady growth for the market during 2017-2022.
The global ultrasound systems market, which is pegged to reach US$ 6 Bn by 2017-end, will soar steadily at a 5.5% CAGR to reach US$ 7.8 Bn towards the end of 2022.In this ultrasound systems market study, the following years are considered to project the market footprint:History Year: 2012-2016Base Year: 2012Estimated Year: 2022Forecast Year: 2017 – 2022After reading the ultrasound systems market report, readers can:Understand the drivers, restraints, opportunities and trends affecting the growth of the global ultrasound systems market.Analyze key regions holding significant share of the total ultrasound systems market revenue.Study the growth outlook of the global ultrasound systems market scenario, including production, consumption, history and forecast.Learn consumption pattern and impact of each end use on the ultrasound systems market growth.Investigate the recent R projects performed by each ultrasound systems market player.The ultrasound systems market report covers the following regions:MEA (South Africa, Nigeria)APEJ (Malaysia, Thailand)Europe (Spain.
Italy)Latin America (Brazil, Mexico)Request for the Sample of the Report: https://www.factmr.com/connectus/sample?flag=S_id=60On the basis of technology, the ultrasound systems market report considers the following segments:3D & 4D UltrasoundDoppler UltrasoundHigh-intensity Focused UltrasoundExtracorporeal Shockwave LithotripsyOn the basis of application, the ultrasound systems market report includes:CardiologyRadiologyUrologyVascularGynecologyProminent ultrasound systems market players covered in the report contain:General Electric CompanyKoninklijke Philips N.V..Toshiba CorporationSiemens AGFujifilm Holdings CorporationEsaote SpAShimadzu CorporationAnalogic CorporationSamsung Electronics Co. LtdHitachi LtdThe behavior pattern of each player – new product launches, partnerships, and acquisitions – has been analyzed in the ultrasound systems market report comprehensively.
In addition, the research encompasses the strengths, weaknesses, opportunities and threats of each ultrasound systems market vendor in an in-depth manner.The ultrasound systems market report answers important questions which include:What does the status of the ultrasound systems market look like after the forecast period?Which region has the highest contribution to the global ultrasound systems market and why?Which players remain at the top of the global ultrasound systems market?What opportunities are available for the ultrasound systems market players to expand their production footprint?Which segment has the maximum impact on the global ultrasound systems market?Request for Report Methodology: https://www.factmr.com/connectus/sample?flag=RM_id=60Why Opt For Fact.MR?
The global ophthalmic packaging market is expected to reach USD 15.20 billion by the end of 2026, according to a new report by Grand View Research, Inc.
Increasing global burden of ocular conditions and growing number of ophthalmic clinics, hospitals, and ambulatory care centers are the factors driving the market growth.
Additionally, frequent introduction of new drug delivery systems and high demand for advanced packaging solutions is expected to fuel the market during forecast period.Access Sample Report of this report @ https://www.radiantinsights.com/research/ophthalmic-packaging-market/request-sampleIncreasing healthcare expenditure and rising disposable income are some of the prominent factors that are expected to drive a lot of patients towards advanced ophthalmic care.
Furthermore, growing number of advanced healthcare facilities such as eye hospitals and ophthalmic clinics across several regions and increasing awareness about preventive care, ocular disorders and self-medications are some of the factors expected to aid to the market growth.Increasing geriatric population coupled with age related ocular disorders is expected to increase the demand for ophthalmic products.
Furthermore, the improving reimbursement policies for ocular surgeries including cataract & eye implants and increasing awareness about ocular disorders and treatment options is expected to drive the market growth.The government and non-government initiatives such as ocular screening program and national healthcare program is expected to increase the accessibility to ophthalmic healthcare.
Furthermore, the initiatives such as “economical free trade zone” & reducing approval time for establishment of facilities will contribute to the establishment of new ophthalmic manufacturing facilities that is expected to increase the demand for the packaging materials over the forecast period.Further key findings from the report suggest:Multiple dose ophthalmic packages held the largest market share in 2018 and expected to grow at a significant rate over the forecast period.
