Consumer Electronics to Dominate India Ophthalmoscope Market through FY2027
Increase in number of ophthalmic clinics and advancements in laser technology is expected to drive the India ophthalmoscope market for the forecast period.
According to TechSci Research report, “India Ophthalmoscope Market By Product (Direct Ophthalmoscope v/s Indirect Ophthalmoscope) By Light Source (Halogen Illumination Ophthalmoscope, Xenon Illumination Ophthalmoscope, LED illumination Ophthalmoscope) By Application (Glaucoma, Lattice Degeneration, Diabetic Retinopathy, Others) By End User (Hospitals & Clinics, Eye Care Centers, Ambulatory Care Centers, Others) By Company, By Region, Forecast & Opportunities, FY2027”, India ophthalmoscope market is expected to witness steady growth for the next five years. Ophthalmoscopy is the process for conducting test for eye examination using an ophthalmoscope to examine inside the fundus of eye. Ophthalmoscope helps in detection of abnormalities of retina, vitreous humor, optic disk, and lens and focuses a small beam of light though the pupil of patient’s eye. The ophthalmoscope devise comprises of eye piece, light illuminating source, battery handle and an aperture selector. India healthcare industry is developing at the rapid rate and there is high prevalence of eye diseases. Increase in the government initiatives to prevent blindness and cataract among the population such as National Program for Control of Blindness (NPCB) is another factor responsible for the growth of the ophthalmoscope market. Surge in healthcare expenditures for treatment of blindness, sight loss and sight-threatening conditions are expected to boost the demand for eye care and examination market which is further expected to drive the demand of ophthalmoscope market. Rise in occurrence of chronic diseases such as diabetes and hypertension can lead to retinopathy which is a significant factor accelerating the ophthalmoscope market growth.
Due to the ongoing pandemic COVID-19, lockdown restrictions were imposed all over the country. Complete shutdown was observed, and people started practicing social distancing and following the precautionary guidelines. Imposition of strict regulations and policies by leading authorities led to huge losses suffered by businesses. Also, the demand for medical devices have gone down. Manufacturing units were shut down and loss of availability of skilled labors led to market decline. Number of units imported or exported to other countries also suffered a setback. After the lifting of lockdown restrictions, companies are again operational and producing with lower volume and the market is expected to pick up the pace eventually.
However, lack of skilled healthcare professionals and eye surgeons may hamper the growth of ophthalmoscope market for the forecast period.
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India ophthalmoscope market is segmented into product, light source, application, end user, regional distribution, and company. Based on application, market can be further divided into glaucoma, lattice degeneration, diabetic retinopathy, and others. The diabetic retinopathy segment is expected to account for major market share for the forecast period, FY2023-FY2027. Diabetic retinopathy is a diabetes complication which effects the eye adversely by damages the blood vessel in the tissue at the back of the eye. Diabetic retinopathy is treated with the help of laser technology fueling the growth of ophthalmoscope market. Sometimes, glaucoma leads to diabetic retinopathy which is another factor responsible for high demand of ophthalmoscope market. Based on product, market can be divided into direct ophthalmoscope and indirect ophthalmoscope. Direct ophthalmoscopy is expected to witness growth for the next five years as it has an advantage of capturing erect view of fundus with moderate to high resolution. Indirect ophthalmoscopy in examination of retinal health and it can be carried out without giving anaesthesia to patients.
Hill-Rom India Private Limited, Riester-Halma India, Scorpia India Medicare Pvt. Ltd. (HEINE Optotechnik), Prkamya Visions, Carl Zeiss India Pvt. Ltd., Medline Industries India Private Limited, Easilens Healthcare Computers Limited, United Optical Company are the leading players operating in India ophthalmoscope market. Manufacturers are increasingly focusing on research and development process to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several ophthalmoscope manufacturers are coming up with their technologically advanced offerings.
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“Advancements in technology to upgrade diagnostic procedures such as introduction of ophthalmoscopes having multimodal fundus imaging platform which combines the high-definition scanning laser ophthalmoscope and optical coherence tomography. is driving the demand of the market. Launch of novel products by key players to meet the unmet needs of ophthalmic procedures is fostering the growth of ophthalmoscope market. Increase in number of geriatric population and occurrence of eye-related disorders is expected to accelerate the ophthalmoscope market growth till FY2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“India Ophthalmoscope Market By Product (Direct Ophthalmoscope v/s Indirect Ophthalmoscope) By Light Source (Halogen Illumination Ophthalmoscope, Xenon Illumination Ophthalmoscope, LED illumination Ophthalmoscope) By Application (Glaucoma, Lattice Degeneration, Diabetic Retinopathy, Others) By End User (Hospitals & Clinics, Eye Care Centers, Ambulatory Care Centers, Others) By Company, By Region, Forecast & Opportunities, FY2027” has evaluated the future growth potential of India ophthalmoscope market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the of India ophthalmoscope market.
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