Ophthalmic Ultrasound Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

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Ophthalmic Ultrasound Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : October, 2020 | Medical Devices | PPT format

Report Digest


Global Ophthalmic Ultrasound Devices Market: Overview

Ultrasound technologies have been used prolifically in ophthalmology for treating wide range of pathologies, particularly glaucoma, retinal disorders, and tumors. Imaging device manufacturers in the ophthalmic ultrasound devices market have leveraged new technologies to increase the diagnostic capabilities of the devices. Incorporation of better electronics, such as improved transducers, and new technologies, notably linear array-based plane-wave ultrasound, have undoubtedly expanded the armamentarium for ophthalmologists and eye surgeons. 

The ophthalmic ultrasound devices market has made a great headway with the use of ocular ultrasounds in cataract application and for visualizing posterior eye segment in vitreous hemorrhage. A recent case in point is deployment of point-of-care ocular ultrasound for the diagnosis of retinal detachment, adding fresh prospects for players in the ophthalmic ultrasound devices market. 

Key end users in the ophthalmic ultrasound devices market are ambulatory surgical centers, hospitals, and ophthalmic clinics. Of these, presence of large patient pool make hospitals a prominent segment for revenue generation during the assessment period of 2018–2028. Major product types could comprise A-scan, B-scan, combined, pachymeter, and ultrasound biomicroscope. 

Global Ophthalmic Ultrasound Devices Market: Notable Developments

New treatment avenues in eye care are underpinned by concomitant advances in imaging agents and products, including the use of ophthalmic ultrasound devices. This has helped in the commercialization of novel ocular technologies in the ophthalmic ultrasound devices market. This in large part supported by recent spate of clinical trials in different phases, under the collaboration of clinical-stage medical device companies and manufacturers of ophthalmic ultrasound devices. Recently, the trend gathered momentum in the developed market of North America. The following strategic collaboration underscores the trend. 

  • A Massachusetts-headquartered company Lantheus announced in April 2019 that it has entered into an agreement with Cerevast, a Washington-based company, wherein the former’s microbubble technology will be used with the latter’s ocular ultrasound device for the treatment of retinal vein occlusion (RVO). This might in the coming years pave way for new RVO technologies, thereby boosting the prospective application of newly developed ophthalmic ultrasound devices. Of note, Cerevast’s investigational ocular ultrasound device is expected to enter a Phase 2B clinical trial in Q2 of 2019. 
  • Such developments indicate an interesting and encouraging trend for players in the ophthalmic ultrasound devices market: therapeutics and diagnostics must go hand-in-hand for better eye care in communities. 

Global Ophthalmic Ultrasound Devices Market: Key Dynamics 

Rising worldwide diabetic populations, especially in developing regions of the world, has also led to an upsurge in the patient populations with diabetic retinopathy. The ophthalmic ultrasound devices market has remained in good stead from the growing application of ultrasound technology for patients with glaucoma and retinopathy of prematurity. 

Over the last decade, there has been substantial rise in numbers of patients undergoing cataract surgeries. This has helped accentuate the uptake of improved imaging tools in eye care, particularly in emerging markets. Technological advances pertaining to image resolution capability, data storage, and compounding have helped retain the rapid pace of growth in the ophthalmic ultrasound devices market. Integration of new imaging features, such as related to transducer design, in portable ocular ultrasounds is a prominent case in point. Further, combination devices in contrast to standalone ones are gradually gathering steam in the ophthalmic ultrasound devices market. 

Global Ophthalmic Ultrasound Devices Market: Regional Assessment

Key regional markets for ophthalmic ultrasound devices are North America, Asia Pacific, and Europe. North America has witnessed a rise in revenue on the back of copious demand for ophthalmic ultrasound devices for cataract treatment. Medical device manufacturers in the region have made relentless efforts to unveil new A-scan and combination devices with integrated features. This has kept the prospects highly lucrative. 

The Europe ophthalmic ultrasound devices market has flourished mainly on the back of incessant efforts by ophthalmology societies to focus on adoption of new ultrasound devices in modern ophthalmology.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?