Ophthalmic Ultrasound Systems Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Ophthalmic Ultrasound Systems Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The rising prevalence of eye-related diseases is leading to increased demand for ophthalmic ultrasound, globally. In many developed and developing countries, eye conditions have emerged as potential threats to the populations. The increase in the prevalence of diabetes in various countries has led to the addition of diabetic retinopathy to the priority list. Glaucoma, an eye disease known for centuries, remains on the public health agenda due to difficulties in its early diagnosis and the frequent necessity for life-long treatments. According to WHO, in 2018, it was estimated that approximately 1.3 billion people lived with some form of vision impairment, while 188.5 million people had mild vision impairment, 217 million had moderate to severe vision impairment, and 36 million people were blind.

Globally, the leading causes of vision impairment are uncorrected refractive errors and cataracts, and most people with vision impairment are over the age of 50 years. According to WHO, chronic eye diseases are the number one cause of vision loss, with the top two causes being unoperated cataracts and uncorrected refractive errors. The former is the leading cause in countries with low or middle incomes.

Hence, the above-mentioned statements indicate that there is a growing burden of eye diseases across the globe which is a fuelling factor for the growth of the market studied.

Key Market TrendsB-Scan to Hold a Significant Share of the Market

B-Scan or Brightness Scan provides a two-dimensional cross-sectional view of the eye. It is used on the outside of the closed eyelid. When examination of eye normally is difficult, B-scan is used. There are certain abnormalities of the eyes that make a routine examination difficult which include edema or tarsorrhaphy or severe cataracts and keratoprosthesis. A B-scan helps in accurately viewing other eye structures such as the lens, choroid, sclera, vitreous and retina. A B-scan is helpful in diagnosing retinal detachment. A B-scan is often a tool combined with an A-scan to help determine various eye abnormalities. With such advantages of a B-Scan, it is widely used across the globe and companies are coming up with the novel and technologically advanced B-scans which is fuelling the demand for the same.

North America Dominates the Market and Expected to do Same in the Forecast Period.

Factors such as high disposable incomes, high awareness, rising geriatric population, and the prevalence of eye diseases, are fueling the growth of the market studied in the North America region especially in the United States. As per the report by the US Centre of Disease Control and Prevention, there were about 40.9 million wearers of contact lenses aged 18 or older, which accounted for about 16.7% of the adult population in the United States, in 2015. National Eye Institute estimated that over 2.9 million American residents were detected with low vision, in 2014. The number is projected to increase further and is expected to reach around 5 million by 2030.

Hence, owing to the rising prevalence of eye diseases and the presence of the key market players in the region, North America is dominating the market studied.

Competitive Landscape

• The majority of the ophthalmic ultrasounds are being manufactured by the global key players. Market leaders with more funds for research and a better distribution system have established their position in the market.
• Moreover, Asia-pacific is witnessing the emergence of some small players due to the rise of awareness. This has also helped the market grow.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

Appasamy Associates
DGH Technology Inc.
Ellex Medical Lasers Ltd
Micro Medical Devices
NIDEK CO., LTD.
Optos PLC (Nikon Corporation)
Quantel Medical
Reichert Inc.
Sonomed Escalon

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