The total value of the global new born eye imaging systems market was estimated to be 210.45 Million US Dollars in 2022, and it is predicted that this value would increase to 391 Million US Dollars by the end of 2030. During the period covered by this estimate, it is predicted that the market for newborn eye imaging systems will expand at a CAGR of 9.29%.
New Born Eye Imaging Systems Market: Overview
The term "eye imaging system" refers to the collection of diagnostic tools that can help pinpoint problems that are related to the eyes. In digital retinal imaging, the production of a clear image of the interior structure of the eye requires the utilization of imaging devices with a high resolution. It makes it possible for licensed medical experts to evaluate the state of the retina and treat a variety of eye conditions, including diabetic retinopathy, macular degeneration, and others. There is an alarmingly high rate of eye abnormalities in newborn babies, such as retinopathy of prematurity (ROP), which can cause eye cells to get destroyed over time and result in a loss of vision. When attempting to diagnose these eye-related issues in neonates, it is vital to utilize the full eye imaging system.
New Born Eye Imaging Systems Market: Growth Drivers
The expansion of the global market will be helped along by the rising prevalence of infants born with vision problems.
The rapidly expanding population of babies around the globe is one of the primary factors driving expansion in the market for newborn eye imaging systems worldwide. The need for eye imaging equipment designed for infants is expected to increase even higher as a result of these numbers. The modern lifestyles of people, including pregnant women, are contributing to an increase in the prevalence of eye issues among newborns. The baby's health is being negatively impacted by a number of causes, one of which is the expanding pollution in the world. In addition, rising costs associated with medical care have a favorable impact, both directly and indirectly, on the upward trajectory of the worldwide market. People are further encouraged to take full advantage of therapy thanks to the existence of reimbursement policies in developed regions, which ultimately contributes to the expansion of the worldwide market.
New Born Eye Imaging Systems Market: Segmentation
It is possible to subdivide the global market for newborn eye imaging systems into four categories: end user, disease type, device type, and area.
The market is able to be split into ophthalmology diagnosis centers, hospitals, ambulatory surgery centers, and other types of facilities, depending on the end user. In the global market for newborn eye imaging systems, the hospital sector held the highest share in 2022, accounting for 38.54 percent of the total market. People choose to go to hospitals rather than any other choice since the hospital provides a wide variety of services, including operations relating to eye care, as well as cutting-edge medical equipment supplied by industry leaders.
New Born Eye Imaging Systems Market: Regional Analysis
North America is expected to be the fastest-growing region in the global market.
North America is expected to dominate the global newborn eye imaging systems market with a market volume of 34.86% in 2022. The increasing prevalence of eye disorders like glaucoma and diabetic retinopathy is expected to augment the growth of the regional market. Also, people in the region are looking forward to the invasive treatment for eye disorders, which is likely to propel the growth of the regional market.
The global newborn eye imaging systems market is segmented as follows:
By End User
Ophthalmology Diagnosis Centers
Ambulatory Surgical Centers
By Disease Type
By Device Type
Rest of Europe
Rest of Asia Pacific
Rest of Latin America
Middle East Africa
Rest of Middle East Africa
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