The Non-Mydriatic Handheld Fundus Camera Market is being driven by Rising prevalence of eye disorders
The Non-Mydriatic Handheld Fundus Camera Market is expected to grow at a CAGR of 7.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 49633 thousand. The non-mydriatic handheld fundus camera market is experiencing robust growth due to the continuous introduction of innovative products. Notably, PHELCOM, a leading industry player, launched the Eyer handheld fundus camera in Japan on April 13, 2023. This strategic expansion marks a significant milestone for PHELCOM, enabling high-quality retinal examinations through a device that connects to a smartphone. The Eyer camera addresses the demand for efficient and accessible retinal imaging solutions, particularly in regions with stringent regulatory environments. Despite challenges such as Japanese certification processes and language barriers, PHELCOM successfully obtained medical device certification in November 2022, underscoring its commitment to regulatory compliance and market expansion.
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The market is segmented based on segments_for_ai.nslist
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
191 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.1% |
Market growth 2025-2029 |
USD 49633 thousand |
Market structure |
Concentrated |
YoY growth 2024-2025(%) |
6.3 |
Key countries |
US, Germany, Japan, China, India, UK, France, Brazil, South Korea, and Italy |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Find out which segment is leading the market by accessing the free PDF report
The Non-Mydriatic Handheld Fundus Camera market encompasses innovative digital ophthalmology solutions for eye care management. These technologies, including AI-powered eye diagnostics and tele-ophthalmology, offer accessible eye care through non-invasive, retinal imaging devices. Pediatric and home use options are available, making advanced eye imaging more accessible for primary care, optometry, ophthalmology, and even telemedicine. These eye health solutions employ ophthalmic AI and imaging software for remote eye screening, disease detection, and monitoring, enhancing eye health technology and awareness. (50 words)
The Non-Mydriatic Handheld Fundus Camera market encompasses the income derived from the sale of healthcare applications, IT systems, Internet-based healthcare tools, telehealth technologies, digital health technologies, and IT consulting services to healthcare organizations. According to Technavio, the global healthcare market size is determined by the consolidated revenue generated by equipment, supplies, pharmaceutical, biotechnology, healthcare technology players, and life sciences tools and services providers. The expansion of the healthcare technology market is influenced by factors affecting both the healthcare industry and IT spending market. Key driving factors include the need for non-invasive screening, diagnosis, and preventive eye care in healthcare organizations, as well as the demand for diagnostic accuracy and efficiency. In the face of continuous pressure to reduce costs, healthcare providers are increasingly adopting advanced technology solutions to enhance patient care and streamline operations.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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