LAMEA Ophthalmoscopes Market Size, Share & Industry Trends Analysis Report By End-use, By Type (Direct and Indirect), By Application (Glaucoma, Diabetic Retinopathy, Macular Degeneration, Retinal Repair), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Latin America, Middle East and Africa Ophthalmoscopes Market would witness market growth of 8.9% CAGR during the forecast period (2022-2028).
Halogen bulbs are the typical light source for indirect ophthalmoscopes. However, many more recent models now utilize LED light sources instead, which run much cooler and have a much longer lifespan. In addition, the most recent variants might come with battery packs that can be attached to the headband itself or worn on the examiner's waist. They enable the indirect ophthalmoscope to be operated without the limitations on movement brought on by power wires.
Without the patient being aware of any issues, diabetic retinopathy can advance significantly. Therefore, the main goal of screening is to identify retinopathy in asymptomatic individuals that may be potentially dangerous to vision so that, if necessary, treatment can be started before visual impairment begins.
Retinal screening is the ongoing evaluation of fundi without diabetic retinopathy or diabetic retinopathy that is not life-threatening to vision. Treatment is typically necessary after a sight-threatening eye condition develops. The requirement for routine general eye exams to track refraction changes and find other eye diseases is not eliminated by diabetic retinopathy screening.
The growth in the occurrence of eye disorders like glaucoma, cataract, and macular degeneration, the surge in demand for ophthalmic medications, and greater investment in R&D projects by numerous healthcare companies are a few factors driving the growth of the ophthalmoscopes market in the LAMEA region. This growth is anticipated to be significantly influenced by the expansion of middle-class families, medical infrastructure improvement, and health insurance coverage in the Middle East and Africa. Also, air and water pollution increase the risk to the eyes. As a result, it is anticipated that the incidence of eye problems will continue to rise during the next several years. This is anticipated to stimulate the expansion of the regional market.
The Brazil market dominated the LAMEA Ophthalmoscopes Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $7.2 Million by 2028. The Argentina market is exhibiting a CAGR of 9.5% during (2022 - 2028). Additionally, The UAE market would showcase a CAGR of 8.6% during (2022 - 2028).
Based on End-use, the market is segmented into Hospitals, Ophthalmic Clinics, Others. Based on Type, the market is segmented into Direct and Indirect. Based on Application, the market is segmented into Glaucoma, Diabetic Retinopathy, Macular Degeneration, Retinal Repair and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Ophthalmoscopes Market is Projected to reach USD 332.9 Million by 2028, at a CAGR of 6.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Hill-Rom Holdings, Inc. (Welch Allyn) (Baxter International, Inc.), Keeler Ltd. (Halma Plc), Zumax Medical co. ltd, Albert Waeschle Limited, Neitz Instruments Co., Ltd., Iridex Corporation, HEINE Optotechnik GmbH & Co. KG, HONSUN Group, Nidek Co., Ltd., and Suzhou KangJie Medical, Inc.
Scope of the Study
Market Segments Covered in the Report:
- Ophthalmic Clinics
- Diabetic Retinopathy
- Macular Degeneration
- Retinal Repair
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Hill-Rom Holdings, Inc. (Welch Allyn) (Baxter International, Inc.)
- Keeler Ltd. (Halma Plc)
- Zumax Medical co. ltd
- Albert Waeschle Limited
- Neitz Instruments Co., Ltd.
- Iridex Corporation
- HEINE Optotechnik GmbH & Co. KG
- HONSUN Group
- Nidek Co., Ltd.
- Suzhou KangJie Medical, Inc.
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