The fundus camera market has been gaining significant traction over the recent years owing to its increasing adoption in ophthalmic care centers and hospitals for retinal imaging. Fundus cameras help ophthalmologists examine the interior part of the eye including retina, optic disc and macula, which can help detect various retinal disorders at an early stage. These cameras provide clearer images of the fundus as compared to traditional ophthalmoscopy and are more cost-effective than newer technologies like optical coherence tomography (OCT).

Common disorders that necessitate the use of Fundus Camera Market Demand include age-related macular degeneration, diabetic retinopathy, glaucoma, hypertensive retinopathy and retinal detachment. The increasing prevalence of diabetes and long-term complications like diabetic retinopathy have further propelled the demand for fundus cameras worldwide.

The global fundus camera market is estimated to be valued at US$ 407.01 Mn in 2024 and is expected to exhibit a CAGR of 5.4% over the forecast period 2024 to 2031.


Key Takeaways

Key players operating in the fundus camera market are Carl Zeiss AG, Hoya Corporation, Canon Inc., Nidek Co., Ltd., Topcon Corporation, Intelligent Retinal Imaging Systems, Inc., Kowa Company Ltd., Optomed Oy (Ltd.), Vision Equipment Inc., Clarity Medical Systems, Inc., Medimaging Integrated Solution Inc., S4OPTIK LLC., Shenzhen Thondar Technology Co., Ltd., CenterVue SpA. Key players are extensively focusing on the development of novel imaging technologies like non-mydriatic fundus cameras, hybrid version, and portable fundus cameras to expand their product portfolio.

The growing prevalence of diabetic retinopathy globally acts as a high impact rendering driver for the fundus camera market. As per Global Data estimates, the number of adults with diabetes will increase from 463 million in 2019 to over 700 million by 2045. Sustained high blood glucose levels in diabetic patients can damage retinal blood vessels and lead to retinopathy over time. Regular screening with fundus cameras plays a pivotal role in early detection and treatment of the condition.

Manufacturers are extensively focusing on geographical expansion strategies across emerging markets in Asia Pacific, Latin America, and Middle East & Africa. This is attributed to increasing healthcare expenditure, growing cases of retinal disorders, rising awareness regarding early diagnosis and screening programs introduced by various governments in these regions.

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