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Discover trends, market shifts, and competitive outlooks for the newborn eye imaging systems industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research
#What is the Projected CAGR for the Newborn Eye Imaging Systems Market Size from 2025 to 2034?
The market for newborn eye imaging systems has seen robust growth in recent years. Its size is expected to increase from $2.08 billion in 2024 to $2.21 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.2%. Factors contributing to growth during the historical period include improved healthcare accessibility and awareness, initiatives for early disease detection, advancements in neonatal healthcare, clinical studies and research, as well as regulatory frameworks and guidelines.
The market size for newborn eye imaging systems is anticipated to experience significant expansion in the years to come, with its valuation predicted to reach $2.97 billion in 2029, growing at a compound annual growth rate (CAGR) of 7.7%. Factors contributing to the predicted growth during the forecast period include a rise in the occurrence of premature births, initiatives towards early intervention, the growth of telemedicine and remote consultations, increased investments in research and development, as well as enhanced awareness and education. Prominent trends expected in the forecast period encompass collaborations and partnerships, sustained research and clinical trials, individualized imaging and treatment strategies, improved connectivity and data exchange, along with remote supervision and telemedicine.
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What Are the Primary Drivers Supporting the Market Growth of the Newborn Eye Imaging Systems Market?
An upsurge in the incidence of eye disorders among infants is set to stimulate the growth of the newborn eye imaging systems market in the future. Vision-related problems range from complete and partial visual impairment to various common ocular defects. Neonates may experience eye-related disorders due to congenital issues, often resulting from genetic anomalies or due to injuries within the womb, or they may develop post-birth. One of the causal factors for eye abnormalities in children could be maternal diabetes, along with the potential effects of cocaine, which are associated with both superficial and profound bleeding and vascular disruption in the infant retina. This heightens the need for diagnosing and treating ocular diseases in newborns, thus escalating the demand for newborn eye imaging systems. The International Agency for the Prevention of Blindness (IAPB), a US-based global coalition that advocates for ocular health, stated in April 2022 that refractive errors afflicted 448 million children and teenagers from birth up to the age of 19. 90 million children and teenagers experienced some level of visual impairment, with 2 million being blind, 30 million exhibiting moderate-to-severe impairment, and 58 million displaying mild impairment. Hence, the swift and significant increase in infants suffering from vision-related disorders is fueling the expansion of the newborn eye imaging systems market.
Which Primary Segments of the Newborn Eye Imaging Systems Market Are Driving Growth and Industry Transformations?
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 Regions Are Key Players in the Growth of 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
What Are the Most Significant Market Trends in the Newborn Eye Imaging Systems Market?
The progression in technology is a notable trend gaining traction in the newborn eye imaging systems market. To maintain their market standing, leading companies in the sector are concentrating on the development of technologically sophisticated systems. Take for instance, NeoLight Newborn Care, an American medical device company for newborns, which announced in December 2022, that it will be offering a software known as retinopathy of prematurity progression (ROP) Check. This cutting-edge software aids in digital care coordination for pediatric retinal screening, helping track and identify retinopathy of prematurity progression (ROP). The system of ROP Check ensures that all suitable infants in the neonatal intensive care unit (NICU) obtain eye examinations at the correct time and in conformity with predetermined standards. This information is consistently shared across both inpatient and outpatient facilities. ROP Check also offers a unique, hassle-free method to manage NICUs, patients or parents, NICU ROP coordinators, resident or visiting ophthalmology experts, billings, discharge leaders, and post-discharge out-patient physicians.
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What Parameters Are Used to Define the Newborn Eye Imaging Systems Market?
Newborn eye imaging systems refers to medical systems that aid to detect congenital ocular defects as soon as possible after birth of babies and help prevent long-term vision loss in a variety of disorders. The new-born eye imaging systems are used for various tests such as the external eye examination, red reflex test, and fundus imaging using a wide-field digital retinal imaging system by an experienced ophthalmologist.
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