Fundus camera market will grow rapidly based on rising occurrences of chronic disorders such as diabetes and hypertension till 2024
“The global fundus cameras market size was valued at USD 347.6 million in 2015 and is projected to grow at a CAGR of 6.8% over the forecast period.�
The global fundus camera market is expected to reach a value of USD 625.1 million by 2024, based on a new report by Grand View Research, Inc. Rising geriatric population and growing occurrences of chronic disorders such as diabetes and hypertension further increase the incidence of retinal disorders. For instance, according to the WHO 2016 report, globally, there were about 422 million diabetic patients (8.5% of total population) in 2014, as compared to 108 million in 1980. Furthermore, it also states that there is a decline in blindness caused by infections such as trachoma and onchocerciasis, and an increasing trend of non-communicable causes of blindness such as Age-related Macular Degeneration (AMD), glaucoma, and Diabetic Retinopathy (DR).
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