Ophthalmic Ultrasound Systems Market - By Product (A-scan, B-scan, Combined Scanning Devices, Pachymeter, Ultrasound Bio Microscope), By Mobility (Standalone, Portable), By End-use (Hospitals, Ambulatory Surgical Centre, Ophthalmic Clinic, Others) – Global Forecast to 2032
Published on: 2024-08-01 | No of Pages : 240 | Industry : Healthcare
Publisher : MIR | Format : PDF&Excel
Ophthalmic Ultrasound Systems Market - By Product (A-scan, B-scan, Combined Scanning Devices, Pachymeter, Ultrasound Bio Microscope), By Mobility (Standalone, Portable), By End-use (Hospitals, Ambulatory Surgical Centre, Ophthalmic Clinic, Others) – Global Forecast to 2032
Ophthalmic Ultrasound Systems Market Size
Ophthalmic Ultrasound Systems Market size was valued at over USD 825 million in 2022 and is projected to register over 5.1% CAGR between 2023 and 2032. Ophthalmic ultrasound systems, also known as ocular ultrasound systems or ophthalmic ultrasonography, are medical imaging devices used to obtain detailed images of the eye and its internal structures using ultrasound waves. Ophthalmic ultrasound systems are anticipated to grow in upcoming years owing to the rising prevalence of age-and lifestyle-related ocular diseases including diabetic retinopathy in both developed and emerging nations.
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Additionally, the market for ophthalmic ultrasound systems is anticipated to grow as a result of the rising prevalence of eye disorders caused by the ageing population base such as dry eye disease, near-vision impairment, among others. For instance, the World Health Organization (WHO) estimates that approximately 2.2 billion individuals globally suffer from near-vision impairment. The growing number of eye problems can be attributed to contemporary lifestyles characterized by an increase in screen time, protracted close-up work activities, and exposure to hazardous environmental elements including pollution and UV radiation.
Report Attribute | Details |
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Base Year | 2022 |
Ophthalmic Ultrasound Systems Market Size in 2022 | USD 833.7 Million |
Forecast Period | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR | 5.1% |
2032 Value Projection | USD 1.3 Billion |
Historical Data for | 2018 to 2022 |
No. of Pages | 195 |
Tables, Charts & Figures | 262 |
Segments covered | Product, Mobility, End-use, and Region |
Growth Drivers |
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Pitfalls & Challenges |
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COVID-19 Impact
Covid 19 had a considerable influence on the market for ophthalmic ultrasound systems. The pandemic caused a drop in screening for non-urgent and elective surgeries, as well as a postponement of routine screenings, leading to a fall in demand for medical devices such as ophthalmic ultrasound systems. In addition, disruptions in the global supply chain resulted in decreased and delayed availability of medical equipment, which contributed to the price increase. The usage of telemedicine and remote healthcare services has increased as a result of the COVID-19 epidemic. Demand for ocular ultrasound equipment has dropped as these treatments may be conducted remotely or through preliminary examination without in-person engagement. As a result, COVID-19 restrained the expansion of the market for ophthalmic ultrasound systems.
Ophthalmic Ultrasound Systems Market Trends
Advancements in ophthalmic ultrasound systems modalities is estimated to be a significant factor in the ophthalmic ultrasound systems industry. Advancements in ophthalmic ultrasound systems have led to improved imaging capabilities, enhanced diagnostic accuracy, and expanded applications in ophthalmology. Modern ophthalmic ultrasound systems feature higher-resolution transducers and advanced image processing techniques, resulting in clearer and more detailed images of ocular structures. This allows for better visualization and assessment of subtle anatomical changes, aiding in the diagnosis of various eye diseases. Therefore, This has resulted in an increase in demand for ophthalmic ultrasound systems and is predicted to accelerate market expansion in the future years.
Ophthalmic Ultrasound Systems Market Analysis
Based on product, the ophthalmic ultrasound systems market is segmented into A-scan, B-scan, combined, pachymeter, and ultrasound bio microscope. The A-scan segment held the largest revenue size over USD 260 million in 2022 and is estimated to witness significant growth more than USD 400 million by 2032. The primary drivers predicted to stimulate the segment growth is the widespread use of A-scan equipment for pre-operative visualisation of a separated retina in cases such vitreous haemorrhage, peri-orbital trauma, or lens opacification. A-scan ultrasound is an essential tool in cataract surgery. It provides accurate measurements of the axial length of the eye, which is crucial for selecting the appropriate intraocular lens (IOL) power. Additionally, A-scan also makes use of innovative transducer and electronic technology, that greatly improves reliability and accuracy in ophthalmic procedures.
Ophthalmic ultrasound systems market is bifurcated based on the application including standalone and portable. The standalone segment dominated the market and is anticipated to grow over USD 700 million by 2032. Standalone ophthalmic ultrasound systems provide real-time imaging capabilities, particularly with B-scan ultrasound. This allows ophthalmologists to visualize the eye structures dynamically, assess their movement, and capture any changes that may occur over time. Standalone ophthalmic ultrasound systems are often designed to be portable, compact, and easily transportable. Such point of care ultrasound devices allow for convenient use in different clinical settings, including operating rooms, emergency departments, and remote locations.
The market is segmented by end-use into hospitals, ambulatory surgical Centers, ophthalmic clinic, and others. Hospitals segment dominated the global ophthalmic ultrasound systems market accounting for more than 37% market share in 2022 and is estimated to witness significant revenue over USD 500 million by 2032. The high segment growth is attributable to the increasing use of diagnostic imaging systems due to the rise in number of individuals suffering from eye disorders. Moreover, favourable government policies promoting the development of eye care facilities in various geographies. Furthermore, a vast patient pool, the availability of improved technology, and attractive government initiatives are expected to fuel segment expansion in the coming years.
U.S. ophthalmic ultrasound systems market accounted for more than USD 250 million in 2022 and will grow momentously more than USD 400 million by 2032. The growth is majorly due to the growing demand for ophthalmic devices with cutting-edge technology, including A-scan, B-scan, and integrated devices. Additionally, the rising prevalence of eye disorders, such as cataracts, glaucoma, retinal detachments, and ocular tumors, has driven the demand for ophthalmic ultrasound systems in U.S. As the population ages, the incidence of these conditions increases, leading to a greater need for advanced diagnostic and optical imaging technologies. Thus, growing geriatric population base has further contributed to impel the adoption of ophthalmic ultrasound systems technologies.
Ophthalmic Ultrasound Systems Market Share
Some of the notable key industry players operating in the ophthalmic ultrasound systems industry include
- NIDEK CO., LTD
- Quantel Medical
- Optos
- Sonomed Escalon
- APPASAMY ASSOCIATES
- MicroMedical Devices
- DGH Technology, Inc
- Metrovision
- Carl Zeiss Meditec AG
- Alcon (Novartis)
- Halma
These market participants are implementing various growth strategies such as collaborations, partnerships, acquisitions & mergers, and new product development and launches to strengthen product offerings as well as gain a competitive edge over others.
Ophthalmic Ultrasound Systems Industry News
- In October 2022, Halma acquired IZI Medical Product for USD 145 million in order to increase its presence across a range of therapeutic and diagnostic procedures. Such acquisitions will help market players to strengthen its product portfolio and market position.
Ophthalmic ultrasound systems market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032 for the following segments
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By Product
- A-scan
- B-scan
- Combined scanning devices
- Ultrasound bio microscope
- Pachymeter
By Mobility
- Standalone
- Portable
By End-use
- Hospitals
- Ophthalmic clinic
- Ambulatory surgical center
- Others
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Poland
- Switzerland
- Norway
- Finland
- Sweden
- Asia Pacific
- Japan
- China
- India
- Australia
- South Korea
- Indonesia
- Taiwan
- Vietnam
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Chile
- Middle East & Africa
- Saudi Arabia
- South Africa
- UAE
- Israel