Wide Field Imaging Devices Market Size, Share & Trends Analysis Report By Application (Diabetic Retinopathy, Retinopathy Of Prematurity), By Modality, By End-use, By Region, And Segment Forecasts, 2024 - 2030

Wide Field Imaging Devices Market Size, Share & Trends Analysis Report By Application (Diabetic Retinopathy, Retinopathy Of Prematurity), By Modality, By End-use, By Region, And Segment Forecasts, 2024 - 2030

Wide Field Imaging Devices Market Growth & Trends

The global wide field imaging devices market size is expected to reach USD 954.0 million by 2030 according to a new report by Grand View Research, Inc. It is anticipated to exhibit a CAGR of 7.0% during the forecast period. Growing prevalence of retinal disorders such as diabetic retinopathy, choroidal melanoma, and Uveitis is expected to drive the adoption of wide field imaging devices. Moreover, increasing product launches for various application areas mainly to capture the infection in the posterior side of the eye is also expected to propel the overall market growth. Increasing usage in various medical environment is also expected to contribute toward the adoption of hand-held wide field imaging devices.

Increasing number of Retinopathy of Prematurity (ROP) cases is leading to growing demand of the device for quick and effective diagnosis. Therefore, various market players are continuously engaging in technological advancement to effectively diagnose and treat ROP. In addition, growing number of retinal specialty clinics and increasing installation of wide field imaging devices are the factors expected to ensure swift market growth during the forecast period.

Major market players are incorporating various strategies such as mergers and acquisitions, partnerships, and collaborations to develop, distribute, and enhance wide field imaging devices in different settings and widen the scope of their application. Moreover, clinical studies conducted by various universities to understand the effectiveness of the devices and to compare the already existing and upcoming products is expected to boost the market growth during the forecast period.

Wide Field Imaging Devices Market Report Highlights

• Diabetic retinopathy held the largest market share in 2023 and is expected to expand at the fastest CAGR mainly due to increasing prevalence of diabetes and diabetic retinopathy
• Retinopathy of prematurity segment held significant revenue share in 2023 mainly due to increasing cases of retinal disease in premature babies
• Tabletop wide field imaging devices held largest share in 2023 mainly due to increasing adoption of these devices in various medical settings
• Hospitals held largest share in end-use segment largely due to growing installation of wide field imaging devices in the setting
• Asia Pacific dominated the wide field imaging devices market and accounted for 25.8% in 2023 and is expected to experience the fastest CAGR during the forecast period with a CAGR of 8.9%.

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