Asia Pacific Retinal Imaging Devices Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Device Type (Fluorescein Angiography, Fundus Camera, and Optical Coherence Tomography) and End User (Hospitals & Clinics, Ambulatory Surgical Centers,

Asia Pacific Retinal Imaging Devices Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Device Type (Fluorescein Angiography, Fundus Camera, and Optical Coherence Tomography) and End User (Hospitals & Clinics, Ambulatory Surgical Centers, Specialized Eye Care Centers, and Other End Users)

The Asia Pacific retinal imaging devices market is expected to reach US$ 801.3 million by 2028 from US$ 526.0 million in 2021. The market is estimated to rise at a CAGR of 6.2% from 2021 to 2028.

Optical coherence tomography (OCT) is the fastest-growing sector in ophthalmology and medical imaging technology. Despite its use in ophthalmology, OCT is in the stages of acceptance and approval for coronary care and skin cancer care. The benefits of OCT devices have created opportunities to expand its applications in other fields of medical sectors. In addition, there are better opportunities to profoundly reduce the cost of OCT to address the undiagnosed people with their eye diseases. Also, the high cost of these devices is creating a barrier and resulting in limited access to eye care facilities.

Much research has been conducted to reduce the cost of OCT devices, which are successfully used in clinical studies. However, the cost of the devices remains the major restraining factor in the emerging regions. Therefore, the segment has vast opportunities to grow in emerging APAC economies. The rising expenditure on healthcare is likely to widen the opportunities for OCT in this region. Technological advancements are driving more research and developments across the medical device industries, which is expected to support the growth of the retinal imaging device market in the coming future.

The outbreak has severely affected the medical tourism industry in Asia pacific and imposed supply chain disruptions. Moreover, low-income countries face additional challenges due to the shortage of healthcare infrastructure, restrictions imposed by hospitals on suppliers, and decreased demand for retinal imaging and surgical instruments. There are various research studies on the reduction surgeries in APAC countries. Restrictive measures have been put forth in South Korea, Malaysia, Singapore, the Philippines, and India to prevent disease transmission. These restrictive measures are anticipated to impact the supply chain and the availability of medical devices in these countries over the next few years. It has affected disposable incomes and has also resulted in unemployment.

Furthermore, business strategies, such as mergers, acquisitions, and partnerships, have been adversely affected by complete lockdown. However, increasing vaccination across the region and the availability of government reimbursement policies for various retinal or eye surgical procedures is expected to normalize the situation in this region in the coming years and gradually increase the demand for retinal imaging devices.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC retinal imaging devices market at a promising CAGR during the forecast period.

Asia Pacific Retinal Imaging Devices Market Revenue and Forecast to 2028 (US$ Million)

Asia Pacific Retinal Imaging Devices Market Segmentation

By Device Type

Fluorescein Angiography Fundus Camera Optical Coherence Tomography By End User

Hospitals & Clinics Ambulatory Surgical Centers Specialized Eye Care Centers Other End Users By Country

Asia Pacific China Japan India South Korea Australia Rest of Asia Pacific Companies Mentioned

Carl Zeiss Meditec Revenio Group Oyj Nikon Corporation Topcon Corporation Imagine Eyes Epipole Ltd Forus Health Pvt Ltd Eyenuk Inc.

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