How Has The Newborn Eye Imaging Systems Market Size Evolved In Recent Years?
The newborn eye imaging systems market has seen considerable growth due to a variety of factors.
• The market for newborn eye imaging systems has seen robust growth over the past few years. The market size is set to increase from $2.08 billion in 2024 to $2.21 billion in 2025, boasting a compound annual growth rate (CAGR) of 6.2%. Several factors have contributed to this growth in the historical period, including enhanced healthcare accessibility and awareness, initiatives for early disease detection, advancements in neonatal healthcare, clinical research and studies, and regulatory norms and guidelines.
What Is The Projected Growth Of The Newborn Eye Imaging Systems Market?
The Newborn Eye Imaging Systems market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the market for newborn eye imaging systems is anticipated to experience significant growth. It is set to expand to $2.97 billion by 2029, with a compound annual growth rate (CAGR) of 7.7%.
This growth during the forecast period can be linked to factors such as rising instances of prematurity, emphasis on early intervention, use of telemedicine and remote consultations, investment in research and development, and increase in awareness and education. Key trends to watch during the forecast period include strategic collaborations and partnerships, ongoing research and clinical trials, customization of imaging and treatment plans, improved connectivity and data exchange, and the use of remote monitoring and telemedicine.
What Are The Key Drivers Fueling Growth In The Newborn Eye Imaging Systems Market?
The escalating count of infants experiencing ocular disorders is predicted to bolster the expansion of the newborn eye imaging systems market. Ocular disorders encompass any form of vision impairment such as total blindness or partial visual loss as well as those with common eye-related maladies. Newborn eye defects can either be inherent (usually due to genetic abnormalities or caused by injury while still in the womb) or obtained after birth. Pregnant women with diabetes may be a contributing factor to eye abnormalities in infants, with cocaine consumption also linked to both superficial and devastating bleeds and vascular interruption in newborns' retina. These situations necessitate the diagnosis and treatment of ocular diseases in infants, resulting in increased need for newborn eye imaging systems. For example, in April 2022, the International Agency for the Prevention of Blindness (IAPB), a US-based international alliance advocating for eye health, revealed that refractive errors affected 448 million children and adolescents aged 0 to 19. 90 million of the young population had varying degrees of vision impairment, with 2 million classified as blind, 30 million with moderate-to-severe impairment, and 58 million with mild impairment. Thus, the quickly escalating numbers of infants with eye disorders are propelling the newborn eye imaging systems market.
What Are The Principal Market Segments In The Global Newborn Eye Imaging Systems Industry?
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
Subsegments:
1) By Retinopathy Of Prematurity (ROP): Screening And Diagnosis, Treatment Monitoring
2) By Retinal Disease: Retinal Detachment, Diabetic Retinopathy
3) By Strabismus: Diagnostic Imaging, Treatment Assessment
4) By Refractive Error: Myopia, Hyperopia, Astigmatism
5) By Color Blindness: Diagnostic Testing, Screening Tools
6) By Other Disease Types: Congenital Eye Disorders, Ocular Infections
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Which Emerging Market Trends Are Altering The Newborn Eye Imaging Systems Industry?
The newborn eye imaging systems market is increasingly influenced by technology trends. To maintain a competitive edge, principal players in this market are focusing on the innovation of technologically sophisticated systems. For example, in December 2022, NeoLight Newborn Care, an American medical device firm dedicated to newborns, launched ROP Check, a software for pediatric retinal screening's digital care coordination. This software identifies and monitors the progression of retinopathy of prematurity (ROP). The system ensures that every eligible neonatal intensive care unit (NICU) infant undergoes eye exams at the right time, while conforming to preset standards, and allows the same set of exams and timetable to be shared across inpatient and outpatient practices. With its distinctive ability to manage interactions among patients or parents, NICUs, NICU ROP coordinators, ophthalmology specialists (whether in-house or visiting), billing specialists, discharge leaders, and post-discharge outpatient doctors, ROP Check breaks new ground.
Who Are the Key Players In The Newborn Eye Imaging Systems Market?
Major companies operating in the newborn eye imaging systems market include:
• Natus Medical Incorporated
• RetCam
• Welch Allyn
• Spectra Lab
• EYE-PACS
• Vantage Health
• RetiVue
• Eyenuk
• iCare
• Optos
• Zeiss
• Canon Medical Systems Corporation
• Heidelberg Engineering
• Leica Microsystems
• Topcon
• Avinger
• Visionix
• NIDEK
• Bioptigen
• DigitalOptics
• Galatea Surgical
• Luminera
• D-EYE SRL
• Visunex Medical Systems Inc.
• Intelligent Retinal Imaging Systems
• Remidio Innovative Solutions Pvt. Ltd.
• Kowa American Corporation
• Clarity Medical Systems Inc.
What Are The Regional Insights Into The Newborn Eye Imaging Systems Market?
North America was the largest region in the newborn eye imaging systems market in 2024. The regions covered in the newborn eye imaging systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
