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Ophthalmic Ultrasound Device Market Size, Share Global Analysis Report, 2021 - 2026
Ophthalmic Ultrasound Device Market By Product (A-Scan, B-Scan, Combined, Pachymeter, & Ultrasound Biomicroscope), By End-User (Hospital, Ambulatory Research Centers, Ophthalmic Clinic, & Others), By Mobility (Standalone & Portable/Handheld), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 - 2026
Industry Insights
[192+ Pages Report] We at Facts & Factors have recently published a report titled “Global Ophthalmic Ultrasound Device Market” that encompasses the spectacle of the market in an analytical and comprehensive manner. In this study, the global ophthalmic ultrasound device market is expected to reach USD 873.7 Million by 2026 from an initial value of USD 487.2 Million in the year 2020 growing at a CAGR value of 4.9%.
Ophthalmic ultrasound or ocular echography or “echo” is a format of a rapid and non-invasive test that is routinely used in clinical practice that is used for checking the structural integrity and pathology of the eye. It further has the added benefit of providing additional information that is not readily available from a primary inspection of visual measures and tests.
Key Insights from Primary Research
- As per our primary respondents, the global ophthalmic ultrasound device is set to grow annually at a rate of around 5%
- It was established through primary research that the ophthalmic ultrasound device market was valued at around USD 2,760 Million in 2019
- Primary respondents provided the inputs that, the Asia Pacific is presently holding the largest revenue share among all the regions and is further expected to maintain its position throughout the forecast period
- North America also holds a significant share of the global ophthalmic ultrasound device market
- The “A-Scan” category, on the basis of type segmentation, is the leading revenue-generating category accounting for around 40% share, in 2019
- Based on modality type, the standalone segment is projected to hold the largest share for the year 2019
- On the basis of application segmentation, the “hospital” segment holds the leading share at more than 70%, in 2019
Key Recommendations from Analysts
- As per our analysts, the global ophthalmic ultrasound device market is expected to witness a healthy growth rate over the forecast period i.e. CAGR of around 5%.
- Our team of analysts has identified, hospital segment as the fastest-growing application segment offering potential opportunities for the players operating in this market place
- North America is the largest revenue-generating region for this market presently contributing to more than 32% of the revenue share
- Nidel Co. Ltd. and Halma Plc are the global leaders in the global ophthalmic ultrasound device market
- Continuous development of the existing products and new products launch are the key strategies adopted by the players in the market to strengthen their market position
The primary driving factors that have rendered the current state of the global ophthalmic ultrasound device market attributed to a rising prevalence of ophthalmic diseases such as diabetic retinopathy and cataract coupled with the rising frequency of launching products to name a few. Additionally, factors pertaining to rising functionality such as visualization of the posterior eye in dense contracts coupled with a wider range of common functions such as determining the power of the corrective lens, visualizing lens dislocation, and detecting retinal detachments are expected to increase the footprint of the global ophthalmic ultrasound device market during the advent of the forecast period. Moreover, rising incidences of lifestyle and age-related ophthalmic conditions coupled with the rising number of specialty eye care clinics are expected to boost the global ophthalmic ultrasound device market during the advent of the forecast duration.
The global ophthalmic ultrasound device market will be driven by the rising number of people suffering from cataracts coupled with the rising number of initiatives for improving access to cataract treatment in rural areas to name a few. Factors pertaining to the strengthening of human resources in the sector coupled with the development of sustainable infrastructure are expected to fuel the growth of the global ophthalmic ultrasound device market during the advent of the forecast period. Moreover, rising technical complexities and a higher internal cost for testing and procedures are expected to hamper the growth of the global ophthalmic ultrasound device market during the advent of the forecast period.
Based on product, the global ophthalmic ultrasound device market is divided into A-scan, B-scan, combined, pachymeter, and ultrasound biomicroscope. The segment pertaining to A-scan is expected to witness the largest market share during the advent of the forecast period owing to higher usage of the latter for preoperative visualization measures coupled with rising benefits of A-scans against vitreous hemorrhage, periorbital trauma, and lens opacification to name a few.
Based on end-user, the global ophthalmic ultrasound device market is categorized into hospitals, ambulatory research centers, ophthalmic clinics, and others. The hospital's category is expected to witness the largest market share during the advent of the forecast period owing to favorable government policies for developing eye care facilities coupled with increasing patient pool to name a few. The global ophthalmic ultrasound device market is fragmented into standalone and portable/handheld on the basis of mobility. The segment pertaining to standalone is expected to witness the largest market share during the advent of the forecast period owing to easy availability, affordability measures, and easy handling solutions to name a few.
Report Scope
Report Attribute |
Details |
Market Size in 2020 |
USD 487.2 Million |
Projected Market Size in 2026 |
USD 873.7 Million |
CAGR Growth Rate |
4.9% CAGR |
Base Year |
2020 |
Forecast Years |
2021-2026 |
Key Market Players |
Halma plc., NIDEK Co. Ltd., Quantel Medical, Optos, Escalon Medical Corp, Appasamy Associates, MicroMedical Devices, and Others |
Key Segments |
Product, End-Users, Mobility, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Purchase Options |
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North America is expected to witness the largest market share during the advent of the forecast period owing to rising demands for advanced medical instruments such as A-scans, B-scans, and combined devices coupled with a larger prevalence of diabetes to name a few. Additionally, the presence of a larger number of global players and suppliers in the region coupled with rising increasing disposable income is expected to increase the footprint of the ophthalmic ultrasound device market during the advent of the forecast period.
Rising awareness among consumers coupled with the increasing geriatric population is expected to fuel the growth of the ophthalmic ultrasound device market during the advent of the forecast period. Moreover, the rising prevalence of eye diseases in the region coupled with favorable government policies is expected to witness a larger growth of the ophthalmic ultrasound device market in the region during the forecast period.
Some of the leading players in the global market include
- Halma plc.
- NIDEK Co. Ltd.
- Quantel Medical
- Optos
- Escalon Medical Corp
- Appasamy Associates
- MicroMedical Devices
- DGH Technology
- Ellex
- Carl Zeis Meditech
- ArcScan
- Wuhan Strong Electronics
- Ellex Medical Laser Ltd.
- Headwall Photonics Inc.
By Product Segment Analysis
- A-Scan
- B-Scan
- Combined
- Pachymeter
- Ultrasound Biomicroscope
By End-User Segment Analysis
- Hospital
- Ambulatory Research Centers
- Ophthalmic Clinic
- Others
By Mobility Segment Analysis
- Standalone
- Portable/Handheld
By Regional Segment Analysis
- North America
- U.S.
- Canada
- Europe
- UK
- France
- Germany
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of MEA
Table of Content
Industry Major Market Players
- Halma plc.
- NIDEK Co. Ltd.
- Quantel Medical
- Optos
- Escalon Medical Corp
- Appasamy Associates
- MicroMedical Devices
- DGH Technology
- Ellex
- Carl Zeis Meditech
- ArcScan
- Wuhan Strong Electronics
- Ellex Medical Laser Ltd.
- Headwall Photonics Inc.
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