Analysts’ Viewpoint on Fundus Camera Market Scenario
Key players in the global fundus camera market are engaged in regulatory approvals, technologically advanced products, launch of new products, and acquisition & collaborative agreements with other companies. These strategies are likely to fuel the expansion of the global fundus camera market. Increasing number of market contributors operating in the fundus cameras market and rising competition among market players to stay competitive in terms of product differentiation and price war are likely to propel the global market growth during the forecast period. However, high cost of fundus cameras and lack of ophthalmologists in developing economies are estimated to hamper the global market growth during the forecast period.
The increase in prevalence of ocular disorders propels the demand for various ophthalmology platforms. Common ocular disorders that exhibit high incidence rates globally are glaucoma, diabetic retinopathy, cataract, and other refractive errors. These disorders affect the daily lives of patients, resulting in high healthcare spending and reduced productivity. These factors tend to lower the quality of life of the patients. This trend is observed across the world, especially in developed countries such as the U.S., Japan, the U.K., and Germany.
Rising prevalence of diabetic retinopathy, retinal detachment, age related macular degeneration (AMD), and glaucoma are categorized under priority ocular disorders, owing to the detrimental effects of these diseases in a number of middle income and industrialized countries.
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The population of people aged 65 years and above is consistently increasing in developing countries. The increase in the geriatric population across the globe is a major factor driving the fundus camera market during the forecast period. The growing number of old people directly affects the growth and development of ophthalmology diagnostic devices, as these people are highly susceptible to health disorders, including ocular disorders, compared to younger adults. This increases the demand for effective management of these diseases at the global level.
The most common ocular disorders reported in the geriatric population are diabetic retinopathy, age-related macular degeneration (AMD), glaucoma, cataract, and others. Consistent aging of baby boomer population increases the need and demand for improved performance of ophthalmic diagnostic platforms, including fundus cameras.
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Fundus photography constitutes one of the indispensable ocular technologies that facilitate imaging of retina and sub retina covering the inner surface of the eye. Fundus cameras enable the diagnosis and monitoring of several ocular disorders such as diabetic retinopathy, glaucoma, and age-related macular degeneration. Fundus cameras are usually used by optometrists, ophthalmologists, and other trained medical professionals. These devices are classified on the basis of diagnostic processes into mydriatic and non-mydriatic fundus cameras. The global fundus cameras market is highly saturated, owing to technological obsolescence, especially with reference to mydriatic fundus cameras.
However, manufacturers are focusing on the development of robust and high performance fundus cameras with improved quality; for instance, development of hybrid cameras is one of the revolutionary technologies that have evolved over the past few years. Hybrid cameras comprise both optical coherence tomography (OCT) and fundus photography and hence, is advantageous as compared to individual type of fundus photography. Hence, all these developments will accelerate the market growth in the near future.
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The growing incidence of diabetic retinopathy is also expected to play a key role in driving the fundus cameras market in the North America region. The market will be mainly driven by factors such as increasing geriatric population, improving healthcare infrastructure, and rising awareness regarding technically advanced fundus cameras. Some of the other factors driving the market in the region are increasing incidence and prevalence of diabetic retinopathy and other retinal disorders, and technical advances leading to the introduction of digital and handheld devices.
The geriatric population is more likely to develop retinal disorders, indicates that rapidly increasing elderly population is expected to play a key role in driving the demand for fundus cameras by contributing to the prevalence and incidence of retinal disorders.
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Attribute |
Detail |
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Market Size Value in 2020 |
US$ 464.4 Mn |
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Market Forecast Value in 2028 |
US$ 810.4 Mn |
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Growth Rate (CAGR) |
5.6% |
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Forecast Period |
2021–2028 |
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Quantitative Units |
US$ Mn for Value |
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Market Analysis |
It includes cross segment analysis at global as well as regional level. Moreover, qualitative analysis includes drivers, restraints, opportunities, key trends, and parent industry overview. |
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Competition Landscape |
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Format |
Electronic (PDF) + Excel |
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Market Segmentation |
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Regions Covered |
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Countries Covered |
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Companies Profiled |
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Customization Scope |
Available upon request |
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Pricing |
Available upon request |
Fundus Camera Market - Segmentation
| Product |
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| Portability |
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| End-user |
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| Region |
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The global fundus cameras market is projected to reach a value of US$ 810.4 Mn by the end of 2028
Fundus cameras market is anticipated to grow at a CAGR of 5.6% during the forecast period
North America accounted for a major share of the global fundus cameras market
Fundus cameras market is driven by increasing geriatric population, improving healthcare infrastructure, and rising awareness regarding technically advanced fundus cameras
Key players in the global fundus cameras market include Topcon Corporation, Canon, Inc., Nidek Co., Ltd., Epipole Ltd, iCARE Finland Oy (Revenio Group)
1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions and Research Methodology
3. Executive Summary: Global Fundus Camera Market
4. Market Overview
4.1. Introduction
4.1.1. Segment Definition
4.2. Overview
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.4. Global Fundus Camera Market Analysis and Forecast, 2017–2028
4.4.1. Market Revenue Projections (US$ Mn)
4.5. Porter’s Five Force Analysis
5. Key Insights
5.1. Disease Prevalence & Incidence Rate globally with key countries
5.2. Technological Advancement
5.3. Key Industry Events (mergers, acquisitions, partnerships, collaborations, etc.)
5.4. COVID-19 Pandemic Impact on Industry (value chain and short / mid / long term impact)
6. Global Fundus Camera Market Analysis and Forecast, by Product
6.1. Introduction & Definition
6.2. Key Findings / Developments
6.3. Market Value Forecast, by Product, 2017–2028
6.3.1. Mydriatic
6.3.2. Non-mydriatic
6.3.3. Hybrid
6.3.4. Retinopathy of Prematurity (ROP)
6.4. Market Attractiveness Analysis, by Product
7. Global Fundus Camera Market Analysis and Forecast, by Portability
7.1. Introduction & Definition
7.2. Key Findings / Developments
7.3. Market Value Forecast, by Portability, 2017–2028
7.3.1. Table Top
7.3.2. Hand Held
7.4. Market Attractiveness Analysis, by Portability
8. Global Fundus Camera Market Analysis and Forecast, by End-user
8.1. Introduction & Definition
8.2. Key Findings / Developments
8.3. Market Value Forecast, by End-user, 2017–2028
8.3.1. Hospitals
8.3.2. Ophthalmology Clinics
8.3.3. Ophthalmic & Optometrists Offices
8.4. Market Attractiveness Analysis, by End-user
9. Global Fundus Camera Market Analysis and Forecast, by Region
9.1. Key Findings
9.2. Market Value Forecast, by Region
9.2.1. North America
9.2.2. Europe
9.2.3. Asia Pacific
9.2.4. Latin America
9.2.5. Middle East & Africa
9.3. Market Attractiveness Analysis, by Region
10. North America Fundus Camera Market Analysis and Forecast
10.1. Introduction
10.1.1. Key Findings
10.2. Market Value Forecast, by Product, 2017–2028
10.2.1. Mydriatic
10.2.2. Non-mydriatic
10.2.3. Hybrid
10.2.4. Retinopathy of Prematurity (ROP)
10.3. Market Value Forecast, by Portability, 2017–2028
10.3.1. Table Top
10.3.2. Hand Held
10.4. Market Value Forecast, by End-user, 2017–2028
10.4.1. Hospitals
10.4.2. Ophthalmology Clinics
10.4.3. Ophthalmic & Optometrists Offices
10.5. Market Value Forecast, by Country, 2017–2028
10.5.1. U.S.
10.5.2. Canada
10.6. Market Attractiveness Analysis
10.6.1. By Product
10.6.2. By Portability
10.6.3. By End-user
10.6.4. By Country
11. Europe Fundus Camera Market Analysis and Forecast
11.1. Introduction
11.1.1. Key Findings
11.2. Market Value Forecast, by Product, 2017–2028
11.2.1. Mydriatic
11.2.2. Non-mydriatic
11.2.3. Hybrid
11.2.4. Retinopathy of Prematurity (ROP)
11.3. Market Value Forecast, by Portability, 2017–2028
11.3.1. Table Top
11.3.2. Hand Held
11.4. Market Value Forecast, by End-user, 2017–2028
11.4.1. Hospitals
11.4.2. Ophthalmology Clinics
11.4.3. Ophthalmic & Optometrists Offices
11.5. Market Value Forecast, by Country/Sub-Region, 2017–2028
11.5.1. Germany
11.5.2. U.K.
11.5.3. France
11.5.4. Spain
11.5.5. Italy
11.5.6. Rest of Europe
11.6. Market Attractiveness Analysis
11.6.1. By Product
11.6.2. By Portability
11.6.3. By End-user
11.6.4. By Country/Sub-Region
12. Asia Pacific Fundus Camera Market Analysis and Forecast
12.1. Introduction
12.1.1. Key Findings
12.2. Market Value Forecast, by Product, 2017–2028
12.2.1. Mydriatic
12.2.2. Non-mydriatic
12.2.3. Hybrid
12.2.4. Retinopathy of Prematurity (ROP)
12.3. Market Value Forecast, by Portability, 2017–2028
12.3.1. Table Top
12.3.2. Hand Held
12.4. Market Value Forecast, by End-user, 2017–2028
12.4.1. Hospitals
12.4.2. Ophthalmology Clinics
12.4.3. Ophthalmic & Optometrists Offices
12.5. Market Value Forecast, by Country/Sub-Region, 2017–2028
12.5.1. China
12.5.2. Japan
12.5.3. India
12.5.4. Australia & New Zealand
12.5.5. Rest of Asia Pacific
12.6.Market Attractiveness Analysis
12.6.1. By Product
12.6.2. By Portability
12.6.3. By End-user
12.6.4. By Country/Sub-Region
13. Latin America Fundus Camera Market Analysis and Forecast
13.1. Introduction
13.1.1. Key Findings
13.2. Market Value Forecast, by Product, 2017–2028
13.2.1. Mydriatic
13.2.2. Non-mydriatic
13.2.3. Hybrid
13.2.4. Retinopathy of Prematurity (ROP)
13.3. Market Value Forecast, by Portability, 2017–2028
13.3.1. Table Top
13.3.2. Hand Held
13.4. Market Value Forecast, by End-user, 2017–2028
13.4.1. Hospitals
13.4.2. Ophthalmology Clinics
13.4.3. Ophthalmic & Optometrists Offices
13.5. Market Value Forecast, by Country/Sub-Region, 2017–2028
13.5.1. Brazil
13.5.2. Mexico
13.5.3. Rest of Latin America
13.6. Market Attractiveness Analysis
13.6.1. By Product
13.6.2. By Portability
13.6.3. By End-user
13.6.4. By Country/Sub-Region
14. Middle East & Africa Fundus Camera Market Analysis and Forecast
14.1. Introduction
14.1.1. Key Findings
14.2. Market Value Forecast, by Product, 2017–2028
14.2.1. Mydriatic
14.2.2. Non-mydriatic
14.2.3. Hybrid
14.2.4. Retinopathy of Prematurity (ROP)
14.3. Market Value Forecast, by Portability, 2017–2028
14.3.1. Table Top
14.3.2. Hand Held
14.4. Market Value Forecast, by End-user, 2017–2028
14.4.1. Hospitals
14.4.2. Ophthalmology Clinics
14.4.3. Ophthalmic & Optometrists Offices
14.5. Market Value Forecast, by Country/Sub-Region, 2017–2028
14.5.1. GCC Countries
14.5.2. South Africa
14.5.3. Rest of Middle East & Africa
14.6. Market Attractiveness Analysis
14.6.1. By Product
14.6.2. By Portability
14.6.3. By End-user
14.6.4. By Country/Sub-Region
15. Competition Landscape
15.1. Market Player - Competition Matrix (by tier and size of companies)
15.2. Market Share Analysis, by Company, 2020
15.3. Company Profiles
15.3.1. Canon, Inc.
15.3.1.1. Overview (HQ, Employee Strength, Business Segments)
15.3.1.2. Financials
15.3.1.3. Recent Developments & Strategy
15.3.1.4. SWOT Analysis
15.3.2. Topcon Corporation
15.3.2.1. Overview (HQ, Employee Strength, Business Segments)
15.3.2.2. Financials
15.3.2.3. Recent Developments & Strategy
15.3.2.4. SWOT Analysis
15.3.3. Carl Zeiss Meditec
15.3.3.1. Overview (HQ, Employee Strength, Business Segments)
15.3.3.2. Financials
15.3.3.3. Recent Developments & Strategy
15.3.3.4. SWOT Analysis
15.3.4. Kowa American Corporation
15.3.4.1. Overview (HQ, Employee Strength, Business Segments)
15.3.4.2. Financials
15.3.4.3. Recent Developments & Strategy
15.3.4.4. SWOT Analysis
15.3.5. Nidek Co., Ltd.
15.3.5.1. Overview (HQ, Employee Strength, Business Segments)
15.3.5.2. Financials
15.3.5.3. Recent Developments & Strategy
15.3.5.4. SWOT Analysis
15.3.6. Optomed plc
15.3.6.1. Overview (HQ, Employee Strength, Business Segments)
15.3.6.2. Financials
15.3.6.3. Recent Developments & Strategy
15.3.6.4. SWOT Analysis
15.3.7. Optovue, Incorporated
15.3.7.1. Overview (HQ, Employee Strength, Business Segments)
15.3.7.2. Financials
15.3.7.3. Recent Developments & Strategy
15.3.7.4. SWOT Analysis
15.3.8. Epipole Ltd.
15.3.8.1. Overview (HQ, Employee Strength, Business Segments)
15.3.8.2. Financials
15.3.8.3. Recent Developments & Strategy
15.3.8.4. SWOT Analysis
15.3.9. iCARE Finland Oy (Revenio Group)
15.3.9.1. Overview (HQ, Employee Strength, Business Segments)
15.3.9.2. Financials
15.3.9.3. Recent Developments & Strategy
15.3.9.4. SWOT Analysis
15.3.10. Other players
List of Tables
Table 01: Global Fundus Camera Market Value (US$ Mn) Forecast, by Product, 2017‒2028
Table 02: Global Fundus Camera Market Value (US$ Mn) Forecast, by Portability, 2017–2028
Table 03: Global Fundus Camera Market Value (US$ Mn) Forecast, by End-user, 2017–2028
Table 04: Global Fundus Camera Market Value (US$ Mn) Forecast, by Region, 2017–2028
Table 05: North America Fundus Camera Market Value (US$ Mn) Forecast, by Country, 2017–2028
Table 06: North America Fundus Camera Market Value (US$ Mn) Forecast, by Product, 2017‒2028
Table 07: North America Fundus Camera Market Value (US$ Mn) Forecast, by Portability, 2017–2028
Table 08: North America Fundus Camera Market Value (US$ Mn) Forecast, by End-user, 2017–2028
Table 09: Europe Fundus Camera Market Value (US$ Mn) Forecast, by Country/Sub-Region, 2017–2028
Table 10: Europe Fundus Camera Market Value (US$ Mn) Forecast, by Product, 2017‒2028
Table 11: Europe Fundus Camera Market Value (US$ Mn) Forecast, by Portability, 2017–2028
Table 12: Europe Fundus Camera Market Value (US$ Mn) Forecast, by End-user, 2017–2028
Table 13: Asia Pacific Fundus Camera Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2028
Table 14: Asia Pacific Fundus Camera Market Value (US$ Mn) Forecast, by Product, 2017‒2028
Table 15: Asia Pacific Fundus Camera Market Value (US$ Mn) Forecast, by Portability, 2017–2028
Table 16: Asia Pacific Fundus Camera Market Value (US$ Mn) Forecast, by End-user, 2017–2028
Table 17: Latin America Fundus Camera Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017-2028
Table 18: Latin America Fundus Camera Market Value (US$ Mn) Forecast, by Product, 2017‒2028
Table 19: Latin America Fundus Camera Market Value (US$ Mn) Forecast, by Portability, 2017–2028
Table 20: Latin America Fundus Camera Market Value (US$ Mn) Forecast, by End-user, 2017–2028
Table 21: Middle East & Africa Fundus Camera Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017-2028
Table 22: Middle East & Africa Fundus Camera Market Value (US$ Mn) Forecast, by Product, 2017‒2028
Table 23: Middle East & Africa Fundus Camera Market Value (US$ Mn) Forecast, by Portability, 2017–2028
Table 24: Middle East & Africa Fundus Camera Market Value (US$ Mn) Forecast, by End-user, 2017–2028
List of Figures
Figure 01: Global Fundus Camera Market Value (US$ Mn) Forecast, 2017–2028
Figure 02: Fundus Camera Market Value Share, by Product, 2020
Figure 03: Fundus Camera Market Value Share, by Portability, 2020
Figure 04: Fundus Camera Market Value Share, by End-user, 2020
Figure 05: Global Fundus Camera Market Value Share Analysis, by Product, 2020 and 2028
Figure 06: Global Fundus Camera Market Attractiveness Analysis, by Product, 2021–2028
Figure 07: Global Fundus Camera Market Value (US$ Mn), by Mydriatic, 2017‒2028
Figure 08: Global Fundus Camera Market Value (US$ Mn), by Non-mydriatic, 2017‒2028
Figure 09: Global Fundus Camera Market Value (US$ Mn), by Hybrid, 2017‒2028
Figure 10: Global Fundus Camera Market Value (US$ Mn), by Retinopathy of Prematurity (ROP), 2017‒2028
Figure 11: Global Fundus Camera Market Value Share Analysis, by Portability, 2020 and 2028
Figure 12: Global Fundus Camera Market Attractiveness Analysis, by Portability, 2021–2028
Figure 13: Global Fundus Camera Market Revenue (US$ Mn), by Table Top, 2017–2028
Figure 14: Global Fundus Camera Market Revenue (US$ Mn), by Handheld, 2017–2028
Figure 15: Global Fundus Camera Market Value Share Analysis, by End-user, 2020 and 2028
Figure 16: Global Fundus Camera Market Attractiveness Analysis, by End-user, 2021–2028
Figure 17: Global Fundus Camera Market Revenue (US$ Mn), by Hospitals, 2017–2028
Figure 18: Global Fundus Camera Market Revenue (US$ Mn), by Ophthalmology Clinics, 2017–2028
Figure 19: Global Fundus Camera Market Revenue (US$ Mn), by Ophthalmic & Optometrists Offices, 2017–2028
Figure 20: Global Fundus Camera Market Value Share Analysis, by Region, 2020 and 2028
Figure 21: Global Fundus Camera Market Attractiveness Analysis, by Region, 2021–2028
Figure 22: North America Fundus Camera Market Value (US$ Mn) Forecast, 2017–2028
Figure 23: North America Fundus Camera Market Value Share Analysis, by Country, 2020 and 2028
Figure 24: North America Fundus Camera Market Attractiveness Analysis, by Country, 2021–2028
Figure 25: North America Fundus Camera Market Value Share Analysis, by Product, 2020 and 2028
Figure 26: North America Fundus Camera Market Attractiveness Analysis, by Product, 2021–2028
Figure 27: North America Fundus Camera Market Value Share Analysis, by Portability, 2020 and 2028
Figure 28: North America Fundus Camera Market Attractiveness Analysis, by Portability, 2021–2028
Figure 29: North America Fundus Camera Market Value Share Analysis, by End-user, 2020 and 2028
Figure 30: North America Fundus Camera Market Attractiveness Analysis, by End-user, 2021–2028
Figure 31: Europe Fundus Camera Market Value (US$ Mn) Forecast, 2017–2028
Figure 32: Europe Fundus Camera Market Value Share Analysis, by Country/Sub-Region, 2020 and 2028
Figure 33: Europe Fundus Camera Market Attractiveness Analysis, by Country/Sub-region, 2021–2028
Figure 34: Europe Fundus Camera Market Value Share Analysis, by Product, 2020 and 2028
Figure 35: Europe Fundus Camera Market Attractiveness Analysis, by Product, 2021–2028
Figure 36: Europe Fundus Camera Market Value Share Analysis, by Portability, 2020 and 2028
Figure 37: Europe Fundus Camera Market Attractiveness Analysis, by Portability, 2021–2028
Figure 38: Europe Fundus Camera Market Value Share Analysis, by End-user, 2020 and 2028
Figure 39: Europe Fundus Camera Market Attractiveness Analysis, by End-user, 2021–2028
Figure 40: Asia Pacific Fundus Camera Market Value (US$ Mn) Forecast, 2017–2028
Figure 41: Asia Pacific Fundus Camera Market Value Share Analysis, by Country/Sub-region, 2020 and 2028
Figure 42: Asia Pacific Fundus Camera Market Attractiveness Analysis, by Country/Sub-region, 2021–2028
Figure 43: Asia Pacific Fundus Camera Market Value Share Analysis, by Product, 2020 and 2028
Figure 44: Asia Pacific Fundus Camera Market Attractiveness Analysis, by Product, 2021–2028
Figure 45: Asia Pacific Fundus Camera Market Value Share Analysis, by Portability, 2020 and 2028
Figure 46: Asia Pacific Fundus Camera Market Attractiveness Analysis, by Portability, 2021–2028
Figure 47: Asia Pacific Fundus Camera Market Value Share Analysis, by End-user, 2020 and 2028
Figure 48: Asia Pacific Fundus Camera Market Attractiveness Analysis, by End-user, 2021–2028
Figure 49: Latin America Fundus Camera Market Value (US$ Mn) Forecast, 2017–2028
Figure 50: Latin America Fundus Camera Market Value Share Analysis, by Country/Sub-Region, 2020 and 2028
Figure 51: Latin America Fundus Camera Market Attractiveness Analysis, by Country/Sub-Region, 2021-2028
Figure 52: Latin America Fundus Camera Market Value Share Analysis, by Product, 2020 and 2028
Figure 53: Latin America Fundus Camera Market Attractiveness Analysis, by Product, 2021–2028
Figure 54: Latin America Fundus Camera Market Value Share Analysis, by Portability, 2020 and 2028
Figure 55: Latin America Fundus Camera Market Attractiveness Analysis, by Portability, 2021–2028
Figure 56: Latin America Fundus Camera Market Value Share Analysis, by End-user, 2020 and 2028
Figure 57: Latin America Fundus Camera Market Attractiveness Analysis, by End-user, 2021–2028
Figure 58: Middle East & Africa Fundus Camera Market Value (US$ Mn) Forecast, 2017–2028
Figure 59: Middle East & Africa Fundus Camera Market Value Share Analysis, by Country/Sub-Region, 2020 and 2028
Figure 60: Middle East & Africa Fundus Camera Market Attractiveness Analysis, by Country/Sub-Region, 2021-2028
Figure 61: Middle East & Africa Fundus Camera Market Value Share Analysis, by Product, 2020 and 2028
Figure 62: Middle East & Africa Fundus Camera Market Attractiveness Analysis, by Product, 2021–2028
Figure 63: Middle East & Africa Fundus Camera Market Value Share Analysis, by Portability, 2020 and 2028
Figure 64: Middle East & Africa Fundus Camera Market Attractiveness Analysis, by Portability, 2021–2028
Figure 65: Middle East & Africa Fundus Camera Market Value Share Analysis, by End-user, 2020 and 2028
Figure 66: Middle East & Africa Fundus Camera Market Attractiveness Analysis, by End-user, 2021–2028
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Fundus Camera Market
