Facts and Factors has authored “Ophthalmic Ultrasound Device Market By Type (A-Scan, B-Scan, Combined Scan, Pachymetry, and Others), By Modality (Standalone and Portable), By Application (Hospitals, Eye Research Institutes, Ambulatory Surgical Centers, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2026”.
According to research analysis, the global ophthalmic ultrasound device market in 2019 was approximately USD 2,760.4 Million and is anticipated to reach around USD 3,905.2 Million by 2026. The anticipated CAGR for the ophthalmic ultrasound device market is around 5% from 2020 to 2026.
Ophthalmic Ultrasound Devices are diagnostic devices that use ultrasound technology for various ophthalmology practices or eye-related disorders. There are mainly two types of ultrasound technologies used in ophthalmologic practices which include A-Scan & B Scan. Ophthalmic ultrasound device utilizes frequencies ranging from 6-50 MHz (1MHz=1 million cycles/ second). Doctors, physician prefers ophthalmic ultrasound device for an eye-related disorder like cataract, glaucoma, etc.
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According to the National Eye Institute, the number of people suffering from cataract in the United States is projected to reach around 40 million by 2030. Surgery is the only effective treatment for cataract treatment and ocular ultrasound imaging is performed pre-surgery in order to determine the power of the corrective lens. Post-surgery imaging is also done in order to check that the lens is placed perfectly. High growth in emerging countries such as China and India is attributable to the increasing aging population along with increasing incidence rate of diabetes. All these pointers reflect the potential for the growth of the global ophthalmic ultrasound devices market during the analysis period. The rise in the number of ophthalmologist in developed as well as developing countries is also expected to fuel the market growth. However, the availability of alternative technology such as OCT (Optical coherence tomography) acts as the major restraint to the market.
The global ophthalmic ultrasound device market is segmented on the basis of type, modality, and application. On the basis of the type, the market is divided into combined scan, A-Scan, pachymetry, B-Scan, and others. The A-Scan segment is dominating the type segment which has a volume share of around 40% in 2018. The B-scan segment is also anticipated to hold significant share during the forecast period. Further, on the basis of modality, the market is bifurcated into standalone and portable. The standalone segment is projected to hold a maximum share for the year 2018. Furthermore, hospitals, eye research institutes, ambulatory surgical centers, and others are the application based segmentation of the ophthalmic ultrasound device market. Hospitals is the dominating application segment and is expected to continue the trend during the analysis period.
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The global ophthalmic ultrasound device market is analyzed into the following regions namely, Asia Pacific, Latin America, North America, Europe, and the Middle East and Africa. The Asia Pacific and North America are the two leading regional segments generating the major chunk of the market revenue. These regions are further categorized into the major countries from the regions respectively. Major countries included in this research report are the U.S., Canada, Mexico, UK, Germany, France, Italy, Spain, China, Japan, India, South Korea, Brazil, and Argentina among others.
Some of the major players analyzed and profiled in the market study are NIDEK CO., LTD., Ellex Medical Lasers Limited, MEDA Co., Ltd., Halma plc., Sonomed Escalon, Quantel Medical, and Tianjin Suowei Electronic Technology Co., Ltd. among others.
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This report segments the global ophthalmic ultrasound device market as follows:
Global Ophthalmic Ultrasound Device Market: By Type Segment Analysis
- Combined Scan
Global Ophthalmic Ultrasound Device Market: By Modality Segment Analysis
Global Ophthalmic Ultrasound Device Market: By Application Segment Analysis
- Eye Research Institutes
- Ambulatory Surgical Centres
Global Ophthalmic Ultrasound Device Market: Regional Segment Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- South-East Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- The Middle-East and Africa
- GCC Countries
- South Africa
- Rest of Middle-East Africa
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