The Middle East & Africa fundus cameras market was valued at US$ 57.40 million in 2022 and is expected to reach US$ 93.88 million by 2030; it is estimated to grow at a CAGR of 6.3% from 2022 to 2030.
Increase in Diabetic Retinopathy Screening Procedures Fuel the Middle East & Africa Fundus Cameras Market
Patients who have diabetes often develop ophthalmic conditions such as abnormalities, glaucoma, cataracts, and neuropathies. Diabetic retinopathy (DR), the most prevalent microvascular consequence of diabetes, is a rapidly developing cause of blindness and visual impairment. Diabetes is a global epidemic. 642 million people are predicted to have diabetes by 2040, of which 35% (224 million) will have diabetic retinopathy in some form, and 11% (70 million) will have sight-threatening retinopathy. The prevalence of DR rose by 25% between 1990 and 2015, whereas the frequency of other forms of visual impairment declined, according to the Vision Loss Expert Group, despite international efforts. The reasons behind this discrepancy include the growing global population, a rise in diabetes cases, longer life expectancies, and aging populations. According to predictions from the International Diabetes Federation (IDF), there will be 578 million individuals with diabetes worldwide by 2030, up from 463 million in 2019. Also, the majority of the 422 million diabetics worldwide, according to the World Health Organization, reside in low- and middle-income nations. Financially accessible diagnostic and treatment services are vital for timely diagnosis, survival, and long-term quality of life for individuals with the condition. IDF Diabetes Atlas estimates that 54.8 million people in the MENA region have diabetes in 2019. About half of cases go undiagnosed, with this illness affecting 12.8% of the MENA population. Approximately 20%-25% of them have diabetes-related visual impairments. Thus, the rising prevalence of diabetic retinopathy accelerates the demand for safe, effective, and efficient diagnostic systems, such as fundus cameras. The fundus camera units can be fixed or portable. Portable units, including handheld cameras, have revolutionized diabetic retinopathy screening programs with low costs and simplified operations compared to desktop ones equipped in ophthalmology clinics. However, a desktop fundus camera provides better image quality.
Middle East & Africa Fundus Cameras Market Overview
The number of people suffering from diabetes mellitus (DM) in Sub-Saharan Africa is projected to rise from 19.4 million in 2019 to 47.1 million by 2045. With the rising prevalence of DM in Sub-Saharan Africa, detecting diabetic retinopathy is essential. Moreover, as per the World Health Organization (WHO) report, the Eastern Mediterranean comprises the highest prevalence of diabetes, with an estimated 43 million affected people due to the most prevalent type 2 diabetes.
Middle East & Africa Fundus Cameras Market Revenue and Forecast to 2030 (US$ Million)
Middle East & Africa Fundus Cameras Market Segmentation
The Middle East & Africa fundus cameras market is segmented based on type, portability, application, end user, and country.
Based on type, the Middle East & Africa fundus cameras market is segmented into mydriatic fundus camera, non-mydriatic fundus camera, hybrid fundus camera, and ROP fundus camera. The non-mydriatic fundus camera segment held the largest market share in 2022.
Based on portability, the Middle East & Africa fundus cameras market is bifurcated into handheld and tabletop. The tabletop segment held a larger market share in 2022.
Based on application, the Middle East & Africa fundus cameras market is segmented into diabetic retinopathy, age-related macular degeneration, retinal vascular disorders, and others. The diabetic retinopathy segment held the largest market share in 2022.
Based on end user, the Middle East & Africa fundus cameras market is segmented into hospitals, ophthalmology centers, and others. The hospitals segment held the largest market share in 2022.
Based on country, the Middle East & Africa fundus cameras market is segmented into Saudi Arabia, South Africa, the UAE, and the Rest of Middle East & Africa. Saudi Arabia dominated the Middle East & Africa fundus cameras market share in 2022.
Nikon Corp, Topcon Corp, NIDEK CO LTD, Canon Inc, Carl Zeiss AG, Visionix USA Inc, and Volk Optical Inc are some of the leading players operating in the Middle East & Africa fundus cameras market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 57.40 Million |
| Market Size by 2030 | US$ 93.88 Million |
| CAGR (2022 - 2030) | 6.3% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2030 |
| Segments Covered |
By Type
|
|
Regions and Countries Covered
|
|
| Middle East and Africa | South Africa, Saudi Arabia, UAE, Rest of Middle East and Africa |
| Market leaders and key company profiles |
|
1. Nikon Corp
2. Topcon Corp
3. NIDEK CO LTD
4. Canon Inc
5. Carl Zeiss AG
6. Visionix USA Inc
7. Volk Optical Inc
The Middle East & Africa Fundus Cameras Market is valued at US$ 57.40 Million in 2022, it is projected to reach US$ 93.88 Million by 2030.
As per our report Middle East & Africa Fundus Cameras Market, the market size is valued at US$ 57.40 Million in 2022, projecting it to reach US$ 93.88 Million by 2030. This translates to a CAGR of approximately 6.3% during the forecast period.
The Middle East & Africa Fundus Cameras Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East & Africa Fundus Cameras Market report:
The Middle East & Africa Fundus Cameras Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East & Africa Fundus Cameras Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East & Africa Fundus Cameras Market value chain can benefit from the information contained in a comprehensive market report.
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