Global Ophthalmic Ultrasound Imaging Systems Market is segmented By Product Type (A-Scan, B-Scan, Pachymeter, Combined Scanning Device, Ultrasound Bio Microscope), By Modality (Portable, Standalone), By End User (Eye Hospitals, Eye Clinics, Ambulatory Surgical Centers, Eye Research Institutes), and By Geography.
The Ophthalmic Ultrasound Systems is an imaging method wherein it allows medical professionals to conduct non-invasive examination of the structural integrity and possible disorders in the eye. The growth of the market is mainly attributed to factors such as, the increasing awareness of the population regarding eye health, pollutions causing eye infections, emergence of eye diseases like, refractive errors that remain uncorrected, cataracts, iliary body cysts, glaucoma, neoplasms and angle trauma; the increasing aging population also contributed to the growth of the market as well as the prevalence of specialty eye care clinics and advance technologies in the field of ophthalmology. However, there are instances where the growth of the market can be hindered. This is due to factors like, lack of awareness in utilizing the product in developing countries, trade regulations and the effect of the COVID-19 pandemic.
The Ophthalmic Ultrasound Systems Market is projected to reach a market size value of USD 779.85 million by 2031 at a CAGR of 5.51% during the forecast period of 2022-2031.
COVID-19 Impact on the Ophthalmic Ultrasound Imaging Devices Market
The challenge lies in the disruption in raw materials supply because it is negatively affecting manufacturers since travel, transport of raw materials, and non-essential trade have been put off in many countries. This in turn affected production, causing a fewer volume of product sales. Ophthalmic Ultrasound Imaging Systems suppliers have also experienced backlash because imports and exports in almost all countries have been restricted, if not limited. Availability of labor became a problem too since shutdowns of facilities and operations halted the production of raw materials for equipment used in making Ophthalmic Ultrasound Imaging Devices.
Controlling the widespread of the virus is a great challenge to almost all of the countries because many sectors will have to compromise and deal with the negative impact on their sales. Many industries will have to adapt and adopt to the changes that will be imposed upon them by their governments. A massive setback on the growth of the market is the disruption of the supply chain since manufacturing and distribution by key players or companies are being limited, if not, controlled by governments by imposing lock downs and halting travels across borders. Ultimately, the pandemic caused limitations when it comes to man power and rendering of labor services because social distancing is mandatory and viral transmission should be prevented. Man power is an essential factor in the propelling of the market’s growth because manufacturing facilities, and conducting the actual trials and tests for Ophthalmic Ultrasound Imaging Systems cannot function when there’s limited people resources.
Factory shutdowns are also one of the main reasons for restraint in the growth of the market because the stoppage of production and manufacturing caused turmoil in terms of return of investments made by key players. The effect of the virus outbreak has caused a slow down in the investments made in the market. More so, because of the stricter health regulations by authorities, patients are reluctant on going to clinics and hospitals to have their eyes checked because they too are avoiding the possible viral transmission, so social distancing and avoidance on going to these medical facilities are their resort.
Key Findings in the Ophthalmic Ultrasound Imaging Devices Market
In terms of product type, the market is segmented into A-Scan, B-Scan, pachymeter, combined scanning device and ultrasound bio microscope. The A-scan segment is projected to have the largest share in the market in 2020 due to its significant benefits in cataract surgeries.
In terms of modality, the ophthalmic ultrasound imaging systems market is further segmented into portable and standalone. Standalone segment has the largest share in the market due to its availability, affordability as well as ease of use.
In terms of end user, the market is segmented into eye hospitals, eye clinics, ambulatory surgical centers and eye research institutes. The hospital segment accounted for the largest share in the market in 2020 due to the growing patient pool, implementation of government policies that are supporting the development of eye care facilities, and technological advancements.
Regional Market Analysis
North America leads the market due to the high demand for medical instruments that are technologically advanced, increase in the number of diabetic cases, and the emergence of major key players in the said region. Asia Pacific on the other hand is expected to grow at a rapid CAGR during the forecast period due to the continuous development of healthcare infrastructures and presence of local manufacturers and suppliers as well as the rising cases of eye diseases.
Based on an extensive assessment, these major key players in the Ophthalmic Ultrasound Imaging Systems market have a competitive landscape and utilizing key strategic developments to lead the industry over the past years until now. These companies are, Sonomed Escalon, Carl Zeiss Meditech AG, Ellex Inc., DGH Technology, Inc., NIDEK CO., LTD., Halma plc, Micro Medical Devices (MMD), Inc., Quantel Medical, Optos, and Appasamy Associates among others.
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2022 – 2031)
• Data breakdown for every market segment (2022 – 2031)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Type Analysis (Revenue, USD Million, 2022 - 2031)
• Combined Scanning Device
• Ultrasound Bio Microscope
Modality Analysis (Revenue, USD Million, 2022 - 2031)
End User Analysis (Revenue, USD Million, 2022 - 2031)
• Eye hospitals,
• Eye clinics
• Ambulatory surgical centers
• Eye research institutes
Region Analysis (Revenue, USD Million, 2020 – 2031)
• United States
• United Kingdom
• South Korea
• Saudi Arabia
• Rest of World
• United States Ophthalmic Ultrasound Imaging Systems Industry Research Report
• Europe Ophthalmic Ultrasound Imaging Systems Industry Research Report
• Asia Pacific Ophthalmic Ultrasound Imaging Systems Industry Research Report
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