logo

Fundus Camera Market Size (2024 - 2029)

The fundus camera market is projected to experience significant growth over the forecast period, driven by an increase in eye-related disorders, government support for the visually impaired, and technological advancements in fundus cameras. The market's expansion is expected to recover from the initial pandemic-induced decline as ophthalmic consultations resume. Strategic initiatives, product launches, and research studies comparing fundus cameras to other imaging methods are anticipated to further boost market size. However, the high cost of fundus cameras may pose a challenge to market growth.

Home Market Analysis Healthcare Research Medical Devices Research Fundus Camera Market Market Size

Market Size of Fundus Camera Industry

Fundus Camera Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 6.70 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Medium

Major Players

Fundus Camera Market Major Players

*Disclaimer: Major Players sorted in no particular order

Fundus Camera Market Analysis

The fundus camera market is expected to register a CAGR of 6.7% over the forecast period.

  • The initial wave of the pandemic substantially influenced the fundus camera market since the utilization of fundus cameras was reduced in eye care clinics due to the global lockdown. For instance, as per the article published in August 2022 in MDPI journal, the lockdown due to COVID-19 had a major impact on ophthalmic outpatient care in Riyadh as hundreds of appointments were canceled. This affected the course of the disease, which led to neglect of existing symptoms, a delay in detecting potentially sight-threatening complications, or even a delay in vision-saving interventions, all of which may contribute to a worsening of visual outcomes. 
  • Thus, the utilization of fundus cameras was limited and thereby impacted the market growth. However, with the resumption of ophthalmic consultations and decreasing cases of COVID-19, the studied market is expected to recover from the decline of COVID-19 over the forecast period.
  • The rise in eye-related disorders, the increase in government support for the visually impaired population, and technological advances in fundus cameras are the major factors driving the market growth. For instance, as per the RANZCO Pre-Budget Submission 2022-2023, the estimated prevalence of glaucoma in Australians over 50 years is 2.2%. The prevalence of glaucoma in Australia is predicted to increase to 379,000 patients by 2025. Fundus photographs are widely used as a useful examination for glaucoma detection. Therefore, a rise in eye diseases is likely to increase the demand for fundus cameras and thereby drive market growth.
  • Furthermore, rapid technological advancements, strategic initiatives by the key players, and product launches are likely to fuel market growth. For instance, in October 2021, NIDEK CO., LTD. launched the Retina Scan Duo 2, a combined OCT and fundus camera system. The new imaging system incorporates new features that enhance screening and clinical efficiency in addition to user-friendly features that were incorporated from the previous model.
  • Furthermore, the research studies demonstrating comparative study of fundus cameras are likely to provide opportunities for the adoption of fundus cameras. For instance, as per the article published in November 2022 in Nature, when compared to ophthalmoscopy, ultra-wide-field fundus imaging improve the quality of the clinical evaluation, allowing to compare images of the same eye acquired at different moments, thus helping to monitor chronic diseases, such as diabetic retinopathy, and easily detect recurrences (i.e., choroidal and retinal tumors), also by using some tools intrinsic to the system. Moreover, it allows an accurate assessment of specific retinal areas, such as the macula or very peripheral sectors, without increasing the discomfort of the patient, as may happen during a prolonged ophthalmoscopic evaluation.
  • Thus, due to the rise in eye diseases, increase in product launches, and technological advancements, the studied market is anticipated to witness significant growth over the forecast period. However, the high price for the fundus camera is likely to impede market growth over the forecast period.

Fundus Camera Industry Segmentation

As per the scope of the report, a fundus camera, also known as a retinal camera, is referred to as a specialized low-power microscope with an attached camera. Its optical design is established on the indirect ophthalmoscope. They provide an objective photographic profile of any condition in the fundus. The device is also used to take photographs of the anterior segment of the eye.

The fundus camera market is segmented by product type (mydriatic fundus cameras, nonmydriatic fundus cameras, hybrid fundus cameras, and others), end user (hospitals, specialty clinics, and others), and geography (North America, Europe, Asia-Pacific, Middle East, and Africa, and South America). The report also covers the estimated market sizes and trends for 17 countries across major regions globally.

The report offers the value (in USD) for the above segments.

By Product Type
Mydriatic Fundus Cameras
Nonmydriatic Fundus Cameras
Hybrid Fundus Cameras
Other Product Types
By End-User
Hopitals
Speciality Clinics
Other End-Users
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South korea
Rest of Asia-Pacific
Middle East and Africa
GCC
South Africa
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America
Need A Different Region Or Segment?
Customize Now

Fundus Camera Market Size Summary

The fundus camera market is poised for significant growth, driven by an increase in eye-related disorders, technological advancements, and strategic initiatives by key players. The market experienced a temporary setback during the initial phases of the COVID-19 pandemic due to reduced utilization in eye care clinics. However, as ophthalmic consultations resumed and COVID-19 cases declined, the market began to recover. The rising prevalence of conditions such as glaucoma and diabetic retinopathy, coupled with government support for the visually impaired, is expected to bolster demand for fundus cameras. Technological innovations, such as the launch of advanced imaging systems like NIDEK's Retina Scan Duo 2, are further propelling market expansion. Research studies highlighting the advantages of fundus cameras over traditional methods are also contributing to increased adoption.

The non-mydriatic fundus camera segment is anticipated to witness robust growth due to the rising incidence of diabetic retinopathy and increased awareness of early diagnosis. The growing diabetic population is a significant factor driving this segment, as it correlates with a higher risk of retinopathy. Technological advancements in non-mydriatic fundus cameras, such as those reported in the SPIE digital library, are enhancing imaging quality and supporting telemedicine applications. Initiatives like Novartis and The Fred Hollows Foundation's Integrated Eye Health Program in Kenya are raising awareness and improving access to eye health services, further boosting market growth. North America is expected to hold a substantial market share, supported by the increasing prevalence of eye disorders and rapid technological advancements in the region. The competitive landscape features major players like Canon, Inc., Carl Zeiss Meditec, Inc., and NIDEK Co., Ltd., who are actively engaging in strategic partnerships and product launches to enhance their market presence.

Explore More

Fundus Camera Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Rise in Ophthalmic Diseases

      2. 1.2.2 Increase in Government Initiatives to Support Eye Care and Rapid Technological Advancements

    3. 1.3 Market Restraints

      1. 1.3.1 High Price for the Fundus Camera

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size by Value - USD Million)

    1. 2.1 By Product Type

      1. 2.1.1 Mydriatic Fundus Cameras

      2. 2.1.2 Nonmydriatic Fundus Cameras

      3. 2.1.3 Hybrid Fundus Cameras

      4. 2.1.4 Other Product Types

    2. 2.2 By End-User

      1. 2.2.1 Hopitals

      2. 2.2.2 Speciality Clinics

      3. 2.2.3 Other End-Users

    3. 2.3 Geography

      1. 2.3.1 North America

        1. 2.3.1.1 United States

        2. 2.3.1.2 Canada

        3. 2.3.1.3 Mexico

      2. 2.3.2 Europe

        1. 2.3.2.1 Germany

        2. 2.3.2.2 United Kingdom

        3. 2.3.2.3 France

        4. 2.3.2.4 Italy

        5. 2.3.2.5 Spain

        6. 2.3.2.6 Rest of Europe

      3. 2.3.3 Asia-Pacific

        1. 2.3.3.1 China

        2. 2.3.3.2 Japan

        3. 2.3.3.3 India

        4. 2.3.3.4 Australia

        5. 2.3.3.5 South korea

        6. 2.3.3.6 Rest of Asia-Pacific

      4. 2.3.4 Middle East and Africa

        1. 2.3.4.1 GCC

        2. 2.3.4.2 South Africa

        3. 2.3.4.3 Rest of Middle East and Africa

      5. 2.3.5 South America

        1. 2.3.5.1 Brazil

        2. 2.3.5.2 Argentina

        3. 2.3.5.3 Rest of South America

Fundus Camera Market Size FAQs

The Fundus Camera Market is projected to register a CAGR of 6.70% during the forecast period (2024-2029)

NIDEK Co., Ltd., Carl Zeiss Meditec, Inc., Canon, Inc., Topcon Medical Systems, Inc. and Epipole Ltd. are the major companies operating in the Fundus Camera Market.

Fundus Cameras Market Report Snapshots

Fundus Cameras Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)