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What fueled the previous growth in the newborn eye imaging systems market?

There has been a substantial growth in the market size of newborn eye imaging systems in the recent past. The projections indicate that it will escalate from $2.08 billion in 2024 to $2.21 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 6.2%. Factors contributing to this growth during the historic period include improvements in healthcare accessibility and awareness, initiatives targeting early disease detection, advancements in neonatal healthcare, clinical research and studies, along with regulatory structures and guidelines.

What will be the newborn eye imaging systems market size in the future?

The market size for systems that image newborn eyes is predicted to experience significant growth in the coming years. It is forecasted to reach $2.97 billion in 2029, with a compound annual growth rate (CAGR) of 7.7%. The expected growth during this forecast period can be linked to factors such as the increasing instances of premature births, emphasis on early intervention, the rise of telemedicine and remote consultations, the pouring of investments into research and development, and escalating levels of awareness and education. The period is also likely to see major trends including collaborations and partnerships, ongoing research and clinical examinations, customization of imaging and treatment plans, improved connectivity and data exchange, as well as the advancement of remote monitoring and telemedicine.

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What main drivers are fueling expansion in the newborn eye imaging systems market?

The escalating count of infants with eye issues is predicted to fuel the expansion of the newborn eye imaging systems market in the future. Eye issues pertain to any form of vision impairment, whether it’s complete blindness, partial vision loss, or common eye defects. Congenital (typically due to genetic abnormalities or injuries sustained in the womb) or acquired post-birth eye defects in babies are prevalent. An example of a contributing factor to ocular abnormalities in children can be mothers with diabetes, or cocaine which has been linked to both external and internal hemorrhages and vascular disruption in the newborn retina. This necessitates the diagnosis and treatment of eye conditions in newborns, thus increasing the demand for newborn eye imaging systems. For example, as of April 2022, the International Agency for the Prevention of Blindness (IAPB), a U.S.-based global coalition dedicated to eye health promotion, reported that 448 million children and teenagers aged 0 to 19 were affected by refractive errors. 90 million children and teenagers experienced some form of vision impairment, with 2 million being blind, 30 million experiencing a moderate-to-severe impairment, and 58 million experiencing a mild impairment. As such, the accelerating prevalence of infants dealing with eye issues is stimulating the growth of the newborn eye imaging systems market.

What key areas define the segmentation of the global newborn eye imaging systems market?

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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Who are the dominant players expanding their reach 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.

How are evolving market trends shaping newborn eye imaging systems Strategies?

In the newborn eye imaging systems market, technological innovation is a notable trend that’s gaining traction. To maintain their dominant positions, prominent companies in this market are emphasizing the creation of technologically refined systems. For example, NeoLight Newborn Care, an American medical device company specialising in newborn care, introduced the availability of the Retinopathy of Prematurity progression (ROP) Check in December 2022. This software is utilized in pediatric retinal screening to identify and monitor ROP progression. The ROP Check assures that all suitable infants in the Neonatal Intensive Care Unit (NICU) have eye exams in a timely manner, adhering to pre-set standards. It can also share identical exams and schedules across inpatient and outpatient practices. ROP Check’s unique feature is its ability to comprehensively manage patients or parents, NICUs, NICU ROP coordinators, resident or visiting ophthalmology specialists, billing specialists, discharge leaders, and post-discharge outpatient physicians.

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Which regions are emerging as leaders in 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

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