Widefield Imaging Systems Market expected to See Incredible Growth by 2031

Posted by Ganesh Shinde on December 20th, 2022

According to a recent study by Future Market Insights (FMI), the global Widefield Imaging Systems Market is expected to register high growth during the forecast period. The market is expected to grow from US$ 556.9 Mn in 2021 to over US$ 1.3 Bn by 2031. It is expected register a CAGR of around 8.6% over the forecast period (2021-2031).

Significant rise in cases of diabetic retinopathy is expected to propel the growth of the global widefield imaging systems market during the forecast period.  Widefield retinal imaging includes imaging of peripheral retina that is the main site of various ocular diseases.

Widefield imaging aids in diagnosis of peripheral retina diseases. Occurrence of eye diseases like vision impairment is rising among teenagers. Increasing usage of mobile phones and computers results into digital eye strain, and is mainly responsible for visual impairment among teenagers.

As per the Centers for Disease Control and Prevention, in 2020, approximately 6.8% of children below 18 years have been detected with vision and eye condition in the United States.

Increasing technological awareness and high focus on healthcare innovations are some of the factors encouraging the adoption of these instruments. Additionally, certain companies, as a part of their product strategies, are launching technologically advanced equipment, to consolidate larger market share.

Government funding towards expansion of healthcare infrastructure will support growth in developing countries. Moreover, corporate contracts based on rent-to-own model is a feasible option in emerging economies such as India and Brazil which could create significant opportunities for manufacturers of widefield imaging systems to capitalize on.

Key Takeaways From Widefield Imaging Systems Market Study

• Widefield imaging instruments will account for 80% sales in the global market in 2021 of.
• Diabetic retinopathy is the most rapidly growing segment by indication, accounting for nearly 1/3rd of the market share.
• Standalone type of modality will remain highly preferred, contributing 56.4% towards overall sales in the market in 2021.
• Demand in hospitals accounted for 40.2% of widefield imaging systems sales in 2020.
• North America will remain the dominant widefield imaging systems market globally, exhibiting a CAGR of nearly 8.6% between 2021 and 2031.

Widefield Imaging Systems Market By Category

By Component:

• Instrument
• Software
• Image Viewing Software
• Data Analysis and Interpretation Software

By Indication:

• Diabetic Retinopathy
• Retinopathy of Prematurity
• Pediatric Retinal Diseases
• Retinal Vein Occlusion
• Ocular Oncology
• Uveitis
• Chorioretinal Disease
• Glaucoma
• Others

By Modality:

• Standalone
• Portable

By End User:

• Specialty Clinics
• Hospitals
• Ambulatory Surgical Centers

Browse More@ https://www.futuremarketinsights.com/reports/wide-field-imaging-systems-market