Fundus Camera Market to Grow by USD 174.65 Thousand from 2025-2029, Driven by Rising Prevalence of Eye Diseases, Report on How AI is Redefining Market Landscape - Technavio

NEW YORK, Feb. 11, 2025 /PRNewswire/ -- Report with market evolution powered by AI - The fundus camera market and it is set to grow by USD 174.65 thousand from 2025 to 2029. However, the growth momentum will progressing at a CAGR of over 6.2% during the forecast period, according to Technavio. The fundus camera market is fragmented, and the vendors are seeking strong partnerships with automotive, industrial, and commercial companies to compete in the market. Allm Inc., Canon Inc., Carl Zeiss AG, Chongqing Bio Newvision Medical Equipment Ltd., CSO ITALIA, Epipole Ltd., Essilor Instruments USA, Forus Health Pvt. Ltd., Haag Streit AG, Hongdee Ophthalmic Equipment, INTUVISION LABS, Kody Medical Electronics Pvt. Ltd., Kowa Co. Ltd., Marco, Mediworks, New Vision, NIDEK Co. Ltd., Optitech Eye Care, Optomed Oyj, PHELCOM, Remidio Innovative Solutions Pvt. Ltd., Revenio Group Oyj, Topcon Corp., VISIONIX USA INC., Volk Optical, and Zimed Healthcare Inc. Are some of the major market participants -. To know about the vendor offerings - Request a sample report

Fundus Camera Market 2025-2029: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The fundus camera market report covers the following areas:

• Fundus Camera Market Size
• Fundus Camera Market Trends
• Fundus Camera Market Industry Analysis
• Porter's Five Forces Analysis
• Customer Landscape

The fundus camera market is fragmented, and the degree of fragmentation will accelerate. The rising prevalence of eye diseases will offer immense growth opportunities. However, the Shortage of skilled workforce will hamper the market growth

Fundus Camera Market 2025-2029: Drivers & Challenges

The global fundus camera market is experiencing growth due to the increasing prevalence of eye diseases. According to the World Health Organization (WHO), approximately 2.2 billion people worldwide had vision impairment in August 2023, with 1 billion of these cases being preventable or undiagnosed. Major eye conditions contributing to this statistic include cataracts, refractive errors, age-related macular degeneration (AMD), glaucoma, and diabetic retinopathy. Cataracts affect 94 million people, refractive errors impact 88.4 million, AMD affects 8 million, glaucoma affects 7.7 million, and diabetic retinopathy affects 3.9 million individuals. Presbyopia, the leading cause of near vision impairment, affects 826 million people. Fundus cameras play a crucial role in diagnosing and monitoring these conditions, making them an essential tool in the eye care industry.

The global fundus camera market is experiencing a notable challenge due to the scarcity of adequately trained personnel to operate advanced fundus cameras equipped with AI capabilities. These intricate devices necessitate specialized training to ensure precise operation and interpretation of fundus images. This shortage is particularly acute in developing regions, where the number of healthcare workers proficient in retinal diagnostics is limited. In the US, the ophthalmologist workforce is projected to decrease by approximately 2,600 by 2035, while the demand for these professionals is anticipated by 5,155. This substantial deficit underscores the pressing need for more trained ophthalmic professionals to address the escalating demand for eye care services.

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Segment Overview 

This fundus camera market report extensively covers market segmentation by

• Product
• Non-mydriatic
• Hybrid Fundus Cameras
• Mydriatic Fundus Cameras
• ROP Fundus Cameras
• End-user
• Hospitals
• Ophthalmology Clinics
• Others
• Geography
• North America
• Europe
• Asia
• Rest Of World (ROW)

1.1 Non-mydriatic- The non-mydriatic segment of the fundus camera market is experiencing significant growth due to the increasing popularity of non-dilated retinal imaging. Non-mydriatic fundus cameras, such as Topcon's NW500 and Visionix USA's VX 610, offer a more comfortable experience for patients as they do not require pupil dilation. These devices are user-friendly, with rapid imaging capabilities, making them ideal for clinical and point-of-care settings. Their non-invasive nature and ability to facilitate patient-friendly procedures make them a preferred choice for healthcare providers. Recent advancements in non-mydriatic fundus camera technology include the introduction of the NW500 by Topcon Corp., which delivers high-quality, reliable retinal imaging without pupil dilation, and the VX 610 by Visionix USA, which enhances precision and efficiency in retinal screening and diagnostics. These devices offer features such as advanced illumination, high-resolution sensors, auto alignment, and various connectivity options to meet the specific needs of clinical practices. The non-mydriatic segment is expected to continue its growth trajectory, driven by technological advancements and the increasing demand for efficient, patient-friendly diagnostic tools. As healthcare providers focus on enhancing their screening capabilities and improving patient outcomes, non-mydriatic fundus cameras are poised to play a crucial role in the global fundus camera market.

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Fundus Camera Market 2025-2029: Key Highlights

• CAGR of the market during the forecast period 2025-2029
• Detailed information on factors that will assist fundus camera market growth during the next five years
• Estimation of the fundus camera market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the fundus camera market across North America, Europe, Asia, and Rest of World (ROW)
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of fundus camera market vendors

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio