The global market for new born eye imaging systems is expected to be worth US$ 374.3 million by 2032, up from US$ 202.7 million in 2022, at a CAGR of 5.7% during the forecast period.
The eye imaging system is a sort of gadget that aids in the detection of eye-related issues.
The need for new born eye imaging systems is increasing due to a rise in the number of persons suffering from various eye illnesses. Newborn babies are also susceptible to visual issues such as retinopathy of prematurity (ROP), which can result in vision loss and affects blood cells.
As a result, it is expected that new born eye imaging systems will experience significant growth over the projection period.
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New Born Eye Imaging Systems: Drivers and Restraints
New born eye imaging is an emerging market, as many players are coming with innovative devices for imaging and raising the funds for research on new born eye imaging system, for instance, in May 2017, Visunex Medical Systems, Inc., has raised fund of USD$ 20 Mn for the research and development and manufacturing of new born eye imaging system. Players are actively participating in development of imaging systems. The ratio of effected born babies are also fuel the market to come with more advance products in the market, for instance, according to WebMD, LLC., 16,000 from 28,000 born babies are affected from ROP (retinopathy of prematurity) as the babies will be born less than 31 weeks and the weight will be more than 2 pounds in the U.S, The awareness is the hindrance for the product
New Born Eye Imaging Systems: Overview
New born eye imaging system is a growing market over the forecast period, as many product are coming in the market after getting approval from respective organization, all the product are in high demand for imaging, for instance, in March 2012, Russia’s third president has approved the purchase of new born eye imaging system from Clarity Medical Systems, Inc., and launched RetCam digital imaging program in Russian Federation for the treatment of prematurely born infants at risk for eye diseases like ROP (retinopathy of prematurity)
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New Born Eye Imaging Systems: Region-wise Outlook
Geographically, New Born Eye Imaging Systems Market is segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan, Middle East and Africa. North America is the leading market as major players are placed inside and the number of population effected with new eye problem, for instance according to Centers for Disease Control and Prevention in October 2016, one in every 33 babies are affected from eye born diseases. Europe is also potential market as government are directly involved in treatment of eye diseases. Asia Pacific is a growing market as the awareness is very less in the market about this system.
New Born Eye Imaging Systems: Key Players
Some players in New Born Eye Imaging Systems Market include Visunex Medical Systems, Inc., Eye Photo Systems, Merge Healthcare Incorporated, D-EYE S.r.l., Imagine Eyes, Natus Medical Incorporated and Servicom Medical (Singapore) Pte Ltd.
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