The Newborn Eye Imaging Systems by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Newborn Eye Imaging Systems, The newborn eye imaging systems market size has grown strongly in recent years. It will grow from $1.99 billion in 2023 to $2.13 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to healthcare accessibility and awareness, early disease detection initiatives, neonatal healthcare advancements, clinical studies and research, regulatory framework and guidelines..
The newborn eye imaging systems market size is expected to see strong growth in the next few years. It will grow to $2.77 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to increased prevalence of prematurity, focus on early intervention, telemedicine and remote consultations, research and development investments, growing awareness and education.. Major trends in the forecast period include collaborations and partnerships, continued research and clinical studies, personalized imaging and treatment plans, enhanced connectivity and data sharing, remote monitoring and telemedicine..
The rapidly rising numbers of babies that are suffering from eye problems are expected to propel the growth of the newborn eye imaging systems market going forward. Eye problems refer to any type of vision loss such as total blindness and partial vision loss or people suffering from some common eye-related defects. Eye impairments in newborns can be congenital (often genetic abnormalities or caused by intrauterine injury) or acquired postnatally. Mothers suffering from diabetes may be one of the reasons for ocular abnormalities in children, along with cocaine linked to both superficial and deep hemorrhages and vascular disruption in the newborn retina. This creates demand for diagnosis and treatment of eye diseases in newborns, driving demand for newborn eye imaging systems. For instance, in April 2022, according to the International Agency for the Prevention of Blindness (IAPB), a US-based international alliance working to promote eye health, 448 million children and teenagers representing ages 0 to 19 were suffering from refractive errors. 90 million children and teenagers had some degree of vision impairment, of which 2 million were blind, 30 million had moderate-to-severe impairment, and 58 million had mild impairment. Therefore, the rapidly rising numbers of babies that are suffering from eye problems are driving the growth of the newborn eye imaging systems market.
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The newborn eye imaging systems market covered in this report is segmented –
1) By Disease Type: Retinopathy Of Prematurity (ROP), Retinal Disease, Strabismus, Refractive Error, Color Blindness, Other Disease Types
2) By Device Type: Basic Device, Wireless Device
3) By End User: Hospitals, Ophthalmology Diagnosis Centers, Ambulatory Surgical Centers, Other End Users
Technological advancements are a key trend gaining popularity in the newborn eye imaging systems market. Major companies operating in the newborn eye imaging systems market are focusing on developing technologically advanced systems to sustain their position in the market. For instance, in December 2022, NeoLight Newborn Care, a US-based medical device company for newborns, announced the availability of retinopathy of prematurity progression (ROP) Check, a software utilized in digital care coordination for pediatric retinal screening to identify and track retinopathy of prematurity progression (ROP). The ROP Check system makes sure that all eligible infants in the neonatal intensive care unit (NICU) receive eye exams at the appropriate time and in accordance with predetermined standards and share the same examinations and schedule across both inpatient and outpatient practices. ROP Check has the unique and seamless capability to cross-functionally manage patients or parents, NICUs, NICU ROP coordinators, in house or visiting ophthalmology specialists, billing specialists, discharge leaders and post discharge out-patient physicians.
The newborn eye imaging systems market report table of contents includes:
1. Executive Summary
2. Newborn Eye Imaging Systems Market Characteristics
3. Newborn Eye Imaging Systems Market Trends And Strategies
4. Newborn Eye Imaging Systems Market – Macro Economic Scenario
5. Global Newborn Eye Imaging Systems Market Size and Growth
6. Newborn Eye Imaging Systems Market Segmentation
7. Newborn Eye Imaging Systems Market Regional And Country Analysis
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27. Newborn Eye Imaging Systems Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Newborn Eye Imaging Systems Market
29. Newborn Eye Imaging Systems Market Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- D-EYE SRL
- International Business Machines Corporation
- Servicom Medical (Singapore) Pte. Ltd.
- Imagine Eyes
- Visunex Medical Systems Inc.
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