Middle East and Africa Retinal Imaging Devices Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Device Type (Fluorescein Angiography, Fundus Camera, and Optical Coherence Tomography), End-User (Hospitals & Clinics, Ambulatory Surgical Centers, Specialized Eye Care Centers, Other End Users)
The Middle East & Africa retinal imaging devices market is expected to reach US$ 166.7 million by 2028 from US$ 119.9 million in 2021. The market is estimated to rise at a CAGR of 4.8% from 2021 to 2028.
Various medical devices have been integrated with artificial intelligence (AI) and are being commercialized. The ongoing trend for virtual reality (VR) and 3D imaging, nuclear imaging, and wearables is rapidly rising as well. Various companies are trying to integrate AI into retinal imaging devices. For instance, Google's Deep Mind subsidiary, UCL, in collaboration with Moorfields Eye Hospital, has designed software that can identify various common eye diseases through 3D scans and assist in recommending treatments to patients. The system was launched in August 2018. It was trained on nearly 15,000 OCT scans collected from approximately 7,500 patients treated in Moorfields. Thus, the integration of AI into retinal imaging devices is likely to influence the market's growth in the near future.
The healthcare sector in the UAE has undergone a considerable number of infrastructure and procedural changes to position itself as a leading healthcare provider. These improvements have been more recently recognized throughout the COVID-19 pandemic due to the continuous investments to improve the sector's hard and soft infrastructure. However, COVID-19 is likely to continue to significantly impact healthcare operations in other countries in the near future.
Due to COVID-19, a substantial number of planned elective surgery operations were canceled or postponed. Additionally, the tightened financial condition also decreases the region's economic activities. Since the beginning of 2020, the COVID-19 pandemic has caused enormous health, social and economic impacts, which is likely to continue in 2022. Even after some of these impacts have been mitigated or contained, there will be medium and longer-term consequences. The pandemic has caused disruptions to health services worldwide and has impacted the ability of countries to address and respond to non-communicable diseases (NCDs).
Moreover, economic uncertainties and ongoing conflicts are worsening the condition in the region. For instance, countries, such as Syria, Libya, and Yemen, are suffering violent conflict and have been unable to implement any public health measures. Iran was in a deep economic recession due to the US sanctions.
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 MEA retinal imaging devices market at a significant CAGR during the forecast period.
Middle East & Africa Retinal Imaging Devices Market Revenue and Forecast to 2028 (US$ Million)
Middle East & Africa 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
Middle East & Africa UAE Saudi Arabia South Africa Rest of Middle East & Africa Companies Mentioned
Carl Zeiss Meditec Revenio Group Oyj Nikon Corporation Topcon Corporation Epipole Ltd Eyenuk Inc.
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