The global Newborn Eye Imaging Systems Market is poised for significant growth, with a projected value of USD 374.3 million by 2032. This represents a substantial increase from the current market value of USD 202.7 million in 2022, reflecting a Compound Annual Growth Rate (CAGR) of 5.7% during this period.
The eye is the most complex sensory organ of the body, the eye is like a camera of higher resolution for capturing images, it works in a very simple process as light is focused on the eye cornea which is the lens of the eye, iris controlled the intensity of light, then the light fall on the retina for image formation then the signal generated from retain is passed through the optic nerve to the brain that controls the sense of sight.
The eye imaging system is a tool used for identifying the problem for treatment. Ophthalmic is related to the eye, major the population is suffering from eye disorders. As in newborn babies, the ROP (Retinopathy of Prematurity) is the main reason for vision loss, ROP also affects the blood vessels and spreads via the retina.
New Born Eye Imaging Systems: Drivers and Restraints
Newborn eye imaging is an emerging market, as many players are coming up with innovative devices for imaging and raising funds for research on newborn eye imaging systems, for instance, in May 2017, Visunex Medical Systems, Inc., raised a fund of USD 20 Mn for the research and development and manufacturing of newborn eye imaging system. Players are actively participating in the development of imaging systems.
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The ratio of affected babies also fuels the market to come up with more advanced products in the market, for instance, according to WebMD, LLC., 16,000 out of 28,000 born babies are affected by ROP (retinopathy of prematurity) as the babies will be born less than 31 weeks and the weight will be more than 2 pounds in the U.S, The awareness is the hindrance for the product.
New Born Eye Imaging Systems: Overview
Newborn eye imaging systems is a growing market over the forecast period, as many products are coming into the market after getting approval from respective organizations, all the products are in high demand for imaging, for instance, in March 2012, Russia’s third president has approved the purchase of newborn eye imaging system from Clarity Medical Systems, Inc., and launched RetCam digital imaging program in Russian Federation for the treatment of prematurely born infants at risk for eye diseases like ROP (retinopathy of prematurity).
New Born Eye Imaging Systems: Region-wise Outlook
Geographically, the New Born Eye Imaging Systems Market is segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan, the Middle East, and Africa.
North America is the leading market as major players are placed inside and the number of population is effected by new eye problems, for instance, according to the Centers for Disease Control and Prevention in October 2016, one in every 33 babies is affected by eye-borne diseases. Europe is also a potential market as governments are directly involved in the treatment of eye diseases. Asia Pacific is a growing market as the awareness is very low in the market about this system.
New Born Eye Imaging Systems: Key Players
Some players in the New Born Eye Imaging Systems Market include Visunex Medical Systems, Inc., Eye Photo Systems, Merge Healthcare Incorporated, D-EYE S.r.l., Imagine Eyes, Natus Medical Incorporated, and Servicom Medical (Singapore) Pte Ltd.
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Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, and the Rest of Latin America)
- Western Europe (Germany, Italy, France, UK, Spain, Nordic countries, Belgium, Netherlands, Luxembourg, and the Rest of Western Europe)
- Eastern Europe (Poland, Russia and Rest of Eastern Europe)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC, S. Africa, and Rest of MEA)
The report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
New Born Eye Imaging Systems Market: Segmentation
Based on disease type
- Retinopathy of prematurity
- Ocular development
- Refractive state
- Strabismus
- Visual functions
- Visual acuity
- Visual fields
- Color vision
Based on Device Type
- Basic Device
- Wireless Device
Based on End User
- Hospital
- Ophthalmology Diagnosis Centre
- Ambulatory Surgical Centre
- Others
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