South and Central America Retinal Imaging Devices Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Device Type (Fluorescein Angiography, Fundus Camera, and Optical Coherence Tomography) and End User (Hospitals & Clinics, Ambulatory Surgical Centers, Specialized Eye Care Centers, and Other End Users)
The South & Central America retinal imaging devices market is expected to reach US$ 264.2 million by 2028 from US$ 194.2 million in 2021. The market is estimated to propel at a CAGR of 4.5% from 2021 to 2028.
Various medical devices have been integrated with artificial intelligence (AI) and are being commercialized. The ongoing trend for virtual reality (VR) and 3D imaging, nuclear imaging, and wearables is rapidly rising as well. Various companies are trying to integrate AI into retinal imaging devices. For instance, Google's DeepMind subsidiary, UCL, in collaboration with Moorfields Eye Hospital, has designed software that can identify various common eye diseases through 3D scans and assist in recommending treatments to patients. The system was launched in August 2018. It was trained on nearly 15,000 OCT scans collected from approximately 7,500 patients treated in Moorfields. Thus, the integration of AI into retinal imaging devices is likely to influence the market's growth in the near future.
According to the International Council of Nurses, the number of deaths of health professionals in Brazil was much more than in other countries during the second wave of COVID-19 due to high viral transmission. As Brazil has many populated regions with small houses with 6-7 people per house, the virus spread like wildfire. Currently, the countries in this region are rapidly increasing their clinical programs to fight against the novel coronavirus.
In such a scenario, Brazil has observed enormous difficulties in managing eye diseases and diabetes. Due to inadequate monitoring, many patients ended up being admitted to emergency departments due to retinal or vision impairment. During the pandemic, diabetics, diabetic retinopathy patients, and patients with other severe eye conditions were arriving late at hospitals, outside the therapeutic window for acute intervention. In addition, the country also faced difficulties in obtaining beds in the intensive care unit to manage the diseases during the acute phase. These factors are likely to harm the market growth during the forecast period.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the SCAM retinal imaging devices market at a promising CAGR during the forecast period.
South & Central America Retinal Imaging Devices Market Revenue and Forecast to 2028 (US$ Million)
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South & Central America Retinal Imaging Devices Market Segmentation
By Device Type
- Fluorescein Angiography
- Fundus Camera
- Optical Coherence Tomography
By End User
- Hospitals & Clinics
- Ambulatory Surgical Centers
- Specialized Eye Care Centers
- Other End Users
By Country
- South & Central America
- Brazil
- Argentina
- Rest of South & Central America
Companies Mentioned
- Carl Zeiss Meditec
- Revenio Group Oyj
- Nikon Corporation
- Topcon Corporation
- Epipole Ltd
- Eyenuk Inc.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 South & Central America Retinal Imaging Device Market – By Device Type
1.3.2 South & Central America Retinal Imaging Device Market – By End User
1.3.3 South & Central America Retinal Imaging Device Market – By Geography
2. Retinal Imaging Device Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Retinal Imaging Device – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 South & Central America
4.3 Expert Opinion
5. Retinal Imaging Device – Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Rising prevalence of eye diseases
5.1.2 Growing initiatives for blindness
5.1.3 Technological advancements
5.2 Key Market Restraints
5.2.1 High cost of OCT devices
5.3 Key Market Opportunities
5.3.1 Opportunities to reduce cost of OCT devices
5.4 Future Trends
5.4.1 Integrating artificial intelligence in retinal imaging devices
5.5 Impact Analysis
6. Retinal Imaging Device Market – South & Central America Analysis
6.1 South & Central America Retinal Imaging Device Market Revenue Forecast And Analysis
7. Retinal Imaging Device Market Analysis – By Device Type
7.1 Overview
7.2 Retinal Imaging Device Market Revenue Share, by Device Type (2020 and 2028)
7.3 Fluorescein Angiography
7.3.1 Overview
7.3.2 Fluorescein Angiography: Retinal Imaging Device Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Fundus Camera
7.4.1 Overview
7.4.2 Fundus Camera: Retinal Imaging Device Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Optical Coherence Tomography
7.5.1 Overview
7.5.2 Optical Coherence Tomography: Retinal Imaging Device Market – Revenue and Forecast to 2028 (US$ Million)
8. Retinal Imaging Device Market Analysis – By End User
8.1 Overview
8.2 Retinal Imaging Device Market, by End User (2020 and 2028)
8.3 Hospitals & Clinics
8.3.1 Overview
8.3.2 Hospitals & Clinics: Retinal Imaging Device Market, Revenue and Forecast to 2028 (US$ Million)
8.4 Ambulatory Surgical Centers
8.4.1 Overview
8.4.2 Ambulatory Surgical Centers: Retinal Imaging Device Market, Revenue and Forecast to 2028 (US$ Million)
8.5 Specialized Eye Care Centers
8.5.1 Overview
8.5.2 Specialized Eye Care Centers: Retinal Imaging Device Market, Revenue and Forecast to 2028 (US$ Million)
8.6 Other End Users
8.6.1 Overview
8.6.2 Other End Users: Retinal Imaging Device Market, Revenue and Forecast to 2028 (US$ Million)
9. Retinal Imaging Device Market – Geographic Analysis
9.1 South and Central America: Retinal Imaging Device Market
9.1.1 Overview
9.1.2 South and Central America: Retinal Imaging Device Market - Revenue and Forecast to 2028 (US$ Million)
9.1.3 South and Central America Retinal Imaging Device Market, by Device Type – Revenue and Forecast to 2028 (US$ Million)
9.1.4 South and Central America Retinal Imaging Device Market, by End User – Revenue and Forecast to 2028 (US$ Million)
9.1.5 South and Central America: Retinal Imaging Device Market, by Country, 2021 & 2028 (%)
9.1.5.1 Brazil: Retinal Imaging Device Market – Revenue and Forecast to 2028 (US$ Million)
9.1.5.1.1 Brazil: Retinal Imaging Device Market – Revenue and Forecast to 2028 (US$ Million)
9.1.5.1.2 Brazil Retinal Imaging Device Market, by Device Type – Revenue and Forecast to 2028 (US$ Million)
9.1.5.1.3 Brazil Retinal Imaging Device Market, by End User – Revenue and Forecast to 2028 (US$ Million)
9.1.5.2 Argentina: Retinal Imaging Device Market – Revenue and Forecast to 2028 (US$ Million)
9.1.5.2.1 Argentina: Retinal Imaging Device Market – Revenue and Forecast to 2028 (US$ Million)
9.1.5.2.2 Argentina Retinal Imaging Device Market, by Device Type – Revenue and Forecast to 2028 (US$ Million)
9.1.5.2.3 Argentina Retinal Imaging Device Market, by End User – Revenue and Forecast to 2028 (US$ Million)
9.1.5.3 Rest of South and Central America: Retinal Imaging Device Market – Revenue and Forecast to 2028 (US$ Million)
9.1.5.3.1 Rest of South and Central America: Retinal Imaging Device Market – Revenue and Forecast to 2028 (US$ Million)
9.1.5.3.2 Rest of South and Central America Retinal Imaging Device Market, by Device Type – Revenue and Forecast to 2028 (US$ Million)
9.1.5.3.3 Rest of South and Central America Retinal Imaging Device Market, by End User – Revenue and Forecast to 2028 (US$ Million)
10. Impact of COVID-19 Pandemic on South & Central America Retinal Imaging Devices Market
10.1 South & Central America: Impact Assessment of COVID-19 Pandemic
11. Retinal Imaging Devices Market– Industry Landscape
11.1 Overview
11.2 Growth Strategies Done by the Companies in the Market, (%)
11.3 Organic Developments
11.3.1 Overview
11.4 Inorganic Developments
11.4.1 Overview
12. Company Profiles
12.1 Carl Zeiss Meditec
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Revenio Group Oyj
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Nikon Corporation
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Topcon Corporation
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Epipole Ltd
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Eyenuk Inc.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. South and Central America Retinal Imaging Device Market, by Device Type – Revenue and Forecast to 2028 (US$ Million)
Table 2. South and Central America Retinal Imaging Device Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 3. Brazil Retinal Imaging Device Market, by Device Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. Brazil Retinal Imaging Device Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 5. Argentina Retinal Imaging Device Market, by Device Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. Argentina Retinal Imaging Device Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 7. Rest of South and Central America Retinal Imaging Device Market, by Device Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. Rest of South and Central America Retinal Imaging Device Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 9. Organic Developments Done By Companies
Table 10. Inorganic Developments Done by Companies
Table 11. Glossary of Terms, Retinal Imaging Device Market
LIST OF FIGURES
Figure 1. Retinal Imaging Device Market Segmentation
Figure 2. South & Central America Retinal Imaging Device Market Overview
Figure 3. Fundus Camera Segment Held Largest Share of Device Type Segment in Retinal Imaging Device Market
Figure 4. Brazil Is Expected to Show Remarkable Growth During the Forecast Period
Figure 5. South & Central America Retinal Imaging Devices Market, Industry Landscape
Figure 6. South & Central America PEST Analysis
Figure 7. Retinal Imaging Device Market Impact Analysis of Drivers and Restraints
Figure 8. South & Central America Retinal Imaging Device Market – Revenue Forecast and Analysis – 2020- 2028
Figure 9. Retinal Imaging Device Market Revenue Share, by Device Type (2020 and 2028)
Figure 10. Fluorescein Angiography: Retinal Imaging Device Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. Fundus Camera: Retinal Imaging Device Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Optical Coherence Tomography: Retinal Imaging Device Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Retinal Imaging Device Market, by End User (2020 and 2028)
Figure 14. Hospitals & Clinics: Retinal Imaging Device Market, Revenue and Forecast to 2028 (US$ Million)
Figure 15. Ambulatory Surgical Centers: Retinal Imaging Device Market, Revenue and Forecast to 2028 (US$ Million)
Figure 16. Specialized Eye Care Centers: Retinal Imaging Device Market, Revenue and Forecast to 2028 (US$ Million)
Figure 17. Other End Users: Retinal Imaging Device Market, Revenue and Forecast to 2028 (US$ Million)
Figure 18. South and Central America: Retinal Imaging Device Market, by Key Country – Revenue (2021) (US$ Million)
Figure 19. South and Central America Retinal Imaging Device Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. South and Central America: Retinal Imaging Device Market, by Country, 2021 & 2028 (%)
Figure 21. Brazil: Retinal Imaging Device Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Argentina: Retinal Imaging Device Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Rest of South and Central America: Retinal Imaging Device Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Impact of COVID-19 Pandemic in South & Central America Country Markets
Figure 25. Growth Strategies Done by the Companies in the Market, (%)
- Carl Zeiss Meditec
- Revenio Group Oyj
- Nikon Corporation
- Topcon Corporation
- Epipole Ltd
- Eyenuk Inc.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South & Central America retinal imaging devices market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the South & Central America retinal imaging devices market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.