Fundus Cameras Market’s Future Lies in Hybrid Fundus Cameras, Expected to Reach US$300.5 Million by 2019

Transparency Market Research Report Added “Fundus Cameras Market (Product Type -Mydriatic, Non-Mydriatic, Hybrid and ROP Cameras; End Users – Hospitals, Ophthalmology Clinics and Ophthalmic & Optometrist Offices)” to its database.

Fundus Cameras Market : Description

Fundus photography constitutes one of the indispensable ocular technologies that facilitate imaging of retina and sub retina covering the inner surface of the eye. Fundus cameras enable the diagnosis and monitoring of several ocular disorders such as diabetic retinopathy, glaucoma and age related macular degeneration. Fundus cameras are usually used by optometrists, ophthalmologists and other trained medical professionals. These devices are classified on the basis of diagnostic processes into mydriatic and non-mydriatic fundus cameras. Global fundus cameras market is highly saturated owing to technological obsolescence especially with reference to mydriatic fundus cameras. However, manufacturers are focusing on development of robust and high performance fundus cameras with improved quality, for instance development of hybrid cameras is one of the revolutionary technologies that have been evolved over the past few years. Hybrid cameras comprises both optical coherence tomography (OCT) and fundus photography and hence is advantageous as compared to individual type of fundus photography. Hence, all these developments will accelerate the market growth in near future.

The global fundus cameras market is analyzed on the basis of four prominent product categories, namely, mydriatic fundus cameras, non-mydriatic fundus cameras, hybrid fundus cameras and retinopathy of prematurity (ROP) fundus cameras. The mydriatic and non-mydriatic fundus cameras product categories have been further segmented into tabletop and handheld fundus cameras. These segments elucidate the detailed usage pattern of these devices across the globe both in terms of revenue and volume. The report also studies the market of fundus cameras by the end users. The end users segment comprises hospitals, ophthalmology clinics and ophthalmic & optometrist offices. A detailed market analysis and forecast for each of these segments have been provided in this study, in terms of market revenue (USD million) and volume (number of units) for the period 2011 to 2019. The report also provides the compounded annual growth rate (CAGR %) for each of these segments for the forecast period from 2013 to 2019, considering 2011 and 2012 as base years. A detailed qualitative analysis on the average selling prices (ASPs) of major product types has also been provided in the report.

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Overview of The Global Fundus Cameras Market

The market for fundus cameras comprises mydriatic, non-mydriatic, hybrid and retinopathy of prematurity (ROP) types of fundus cameras. Hybrid fundus camera has been defined as a camera that incorporates mydriatic and non-mydriatic technologies in a single device or a fundus camera added with spectral-domain optical coherence tomography (SD-OCT). ROP camera is used to diagnose and monitor a potentially blinding retinal disorder called retinopathy of prematurity that is typically found in premature born babies. The global market for fundus cameras was valued at USD 220.5 million in 2012 and is expected to reach USD 300.5 million by the end of 2019, growing at a CAGR of 4.5% during the forecast period from 2013 to 2019. In 2012, non-mydriatic fundus cameras that are commercially available as a tabletop and handheld devices accounted for the largest share in terms of revenue (USD million) as well as volume (number of units). However, during the forecast period between 2013 and 2019, the market for hybrid fundus cameras has been anticipated to grow at a CAGR higher than the other market segments. One of the major factors responsible for the growing demand for hybrid fundus cameras include advantages associated with this product. Hybrid fundus camera encompassing multiple technologies in a single device offers upper hand to ophthalmologists and other trained medical professionals in diagnosing and monitoring retinal disorders.

Globally, the market for fundus cameras is growing under the influence of rapidly increasing geriatric population coupled with increasing cases of various retinal diseases including diabetic retinopathy, retinal detachment, age related macular dystrophy (AMD) and glaucoma, and technical advances leading to hybrid cameras with multiple technologies in a single device. CX-1 by Canon, Inc., iFusion by Optovue, Inc. and VX-20 by Kowa Optimed, Inc. are some prominent hybrid fundus cameras that are commercially available in the market and are contributing in market growth across the globe. The market may face a significant threat from high cost associated with new and innovative fundus cameras, especially in developing nations like India, China, Brazil and Mexico. In addition, the new governmental regulation “Patient Protection and Affordable Care Act” which imposes a 2.5% excise duty on all medical devices is also expected to serve the fundus cameras market as a growth restraint in North America.

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The global fundus cameras market is segmented as follows:

Fundus Cameras Market, by Product Type

Mydriatic Fundus Cameras (By Revenue and Volume)



Non Retractable Fundus Cameras (By Revenue and Volume)



Hybrid Fundus Cameras (By Revenue and Volume)

Retinopathy of Prematurity (ROP) Fundus Cameras (By Revenue and Volume)

Fundus Cameras Market, by Geography

North America



Rest of the World (RoW)


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