The global New Born Eye Imaging Systems Market is forecasted to be valued at USD 374.3 million by 2032, up from USD 202.7 million in 2022, advancing at a CAGR of 5.7% during the forecast period.
| Report Attribute | Details |
|---|---|
| New Born Eye Imaging Systems Market Value (2022) | USD 202.7 Million |
| New Born Eye Imaging Systems Market Anticipated Value (2032) | USD 374.3 Million |
| New Born Eye Imaging Systems Projected Growth Rate (2022 to 2032) | 5.7% |
The eye imaging system is a type of device that helps in recognizing eye-related problems.
The demand for new born eye imaging systems is increasing because a huge number of people are suffering from various eye disorders has increased considerably. The new born babies also undergo eye problems such as retinopathy of prematurity (ROP) which may result in the loss of eyesight and affects the blood cells.
Therefore, it is anticipated that the new born eye imaging systems is likely to witness significant growth during the forecast period.
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It is projected that there is a rapid rise in the number of babies that are suffering from eye problems across the world, and it is serving to be one of the primary factors driving the growth and demand for the new born eye imaging systems.
The newborn eye imaging systems are highly adopted because it works on a simple process, and the tool is used for the identification of the problem for treatment.
Moreover, 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, which is fueling the demand in the new born eye imaging systems market.
Furthermore, the ratio of affected-born babies is likely to fuel the market to come up with more advanced products in the market.
In addition to that, it is anticipated that there is a rapidly increasing approval for the new born eye imaging systems from the respective organizations and rapid technological advancements by various market players, which is further accelerating the expansion of the new born eye imaging systems market size and are also offering significant growth opportunities for the mare=ket during the forecast period of 2022 to 2032.
It is anticipated that there is very less awareness about the new born eye imaging systems in the market, which is likely to hinder the growth of this product market.
In addition to that, there is a high cost involved in the usage of new born eye imaging systems. One of the key restraining factors that are to curb the growth of the new born eye imaging market is the dearth of trained professionals.
Furthermore, there is increasing adoption of refurbished imaging systems that have the potential to challenge the growth of the new born eye imaging systems and influence the market share for new born eye imaging systems.
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It is projected that North American regions are likely to lead the new born eye imaging systems market. It is currently accountable for 35.8% of the total new born eye imaging systems market share.
The growth of the new born eye imaging systems market is owing to the strong presence of the major market players in this region.
Furthermore, there is an increasing number of new born population that is suffering from eye problems in this region, and are looking for minimally invasive procedures to overcome the issues. It has been revealed, for instance, according to Centers for Disease Control and Prevention in October 2016, one in every 33 babies is affected from eye borne diseases.
Europe is anticipated to follow North America, and is currently accountable for 25.3% of the total market share for new born eye imaging systems market.
The market in European regions has the potential to influence the global new born eye imaging systems market as the government of this region is directly involved in the treatment of eye diseases, hence leading to significant growth of the market size in the upcoming years.
How are New Entrants Revolutionizing the New Born Eye Imaging Systems Market?
The start-up ecosystem in the new born eye imaging systems market is intense with frequent innovations being made. Start-ups in the new born eye imaging systems market are focusing on improvising the tools for better implementation of devices in the new born populace.
The Palo Alto startup has developed an AI-based system that can screen the retinal images of newborn babies to highlight potential eye conditions that require follow-up and treatment.
Remido Innovative Solutions is another start-up providing cures to new born babies. Remidio is developing more sophisticated devices to revolutionize the new born eye imaging systems market and fuel the growth further during the forecast period.
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Who are some of the Key Market Players in the New Born Eye Imaging Systems Market?
Some of the biggies in the new born eye imaging systems market include ;D-EYE S.r.l., Natus Medical Incorporated, SERVICOM MEDICAL (SINGAPORE) PTE LTD., Visunex Medical Systems, Inc., IBM, Remidio Innovative Solutions, System Vision SA, Allied Vision Technologies GmbH, Leica Microsystems, Canon Medical Systems, USA., Carl Zeiss Meditec AG, Intelligent Retinal Imaging Systems, Nikon Corporation, Kowa American Corporation, Topcon Europe Medical BV, NextSight, Veatch Ophthalmic Instruments, Boston Micromachines Corporation, Thales Group and Imagine Eyes.
The various market players in the new born eye imaging systems market are looming with advanced devices and technologies for imaging purposes as well as raising funds for research activities which are also largely contributing to the growth in the global market over the forecast period of 2022 to 2032.
Some of the key developments in the new born eye imaging systems market are:
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 5.7% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2016 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Disease Type, Device Type, End User, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa |
| Key Companies Profiled | D-EYE S.r.l.; Natus Medical Incorporated; SERVICOM MEDICAL (SINGAPORE) PTE LTD.; Visunex Medical Systems, Inc.; IBM; Remidio Innovative Solutions; System Vision SA; Allied Vision Technologies GmbH; Leica Microsystems; Canon Medical Systems, USA.; Carl Zeiss Meditec AG; Intelligent Retinal Imaging Systems; Nikon Corporation; Kowa American Corporation; Topcon Europe Medical BV; NextSight, Veatch Ophthalmic Instruments; Boston Micromachines Corporation; Thales Group; Imagine Eyes |
| Customization | Available Upon Request |
The growth outlook for the new born eye imaging systems market is predicted to advance at a CAGR of 5.7% from 2022 to 2032.
The North American region is anticipated to lead the new born eye imaging systems market during the forecast period.
The new born eye imaging systems market is likely to hold a valuation of USD 374.3 million by 2032.
The healthcare industry sector is the key driver in the new born eye imaging systems market.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global New Born Eye Imaging Systems Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global New Born Eye Imaging Systems Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Diseases Type 5.1. Retinopathy of Prematurity 5.2. Ocular Development 5.3. Refractive State 5.4. Strabismus 5.5. Visual Functions 5.6. Visual Acuity 5.7. Visual Fields 5.8. Colour Vision 6. Global New Born Eye Imaging Systems Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Device Type 6.1. Basic Device 6.2. Wireless Device 7. Global New Born Eye Imaging Systems Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End User 7.1. Hospital 7.2. Ophthalmology Diagnosis Centre 7.3. Ambulatory Surgical Centre 7.4. Others 8. Global New Born Eye Imaging Systems Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. Asia Pacific 8.5. MEA 9. North America New Born Eye Imaging Systems Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10. Latin America New Born Eye Imaging Systems Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. Europe New Born Eye Imaging Systems Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. Asia Pacific New Born Eye Imaging Systems Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. MEA New Born Eye Imaging Systems Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14. Key Countries New Born Eye Imaging Systems Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. Visunex Medical Systems, Inc. 16.2. Eye Photo Systems 16.3. Merge Healthcare Incorporated 16.4. D-EYE S.r.l. 16.5. Imagine Eyes 16.6. Natus Medical Incorporated 16.7. Servicom Medical (Singapore) Pte Ltd. 17. Assumptions & Acronyms Used 18. Research Methodology
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New Born Eye Imaging Systems Market
