An Incisive, In-depth Analysis on the Wide Field Imaging Systems Market
This study offers a comprehensive, 360 degree analysis on the Wide Field Imaging Systems market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Wide Field Imaging Systems market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
There is a huge opportunity in the global widefield imaging systems market owing to increasing cases of visual impairment and rising prevalence of diabetes causing diabetic retinopathy
Global widefield imaging systems market revenue is expected to register a CAGR of 8.0% over the assessment period (2016–2026). The global widefield imaging systems market was valued at more than US$ 380 Mn in 2016. The market is projected to be valued at more than US$ 510 Mn in 2020 and will rise to nearly US$ 850 Mn in the year 2026.
North America Widefield Imaging Systems Market Analysis, 2016 – 2026
In 2012, around 75% of adults in the U.S. opted for some form of vision correction treatment
The U.S was expected to account for 90.5% market share of the North America widefield imaging systems market by 2016 end and is likely to experience a decline of 60 BPS in its market share by 2026 over 2016. The U.S widefield imaging systems market is expected to register moderate Y-o-Y growth throughout the forecast period. The U.S. widefield imaging systems market is estimated to account for the highest market share with a value of nearly US$ 150 Mn in 2016 and is projected to remain dominant during the forecast period.
Canada is expected to register higher Y-o-Y growth as compared to the U.S market throughout the forecast period. Revenue contribution of the Canada market to the North America widefield imaging systems market is expected to exhibit a CAGR of 8.8% over the forecast period.
The U.S. widefield imaging systems market is the most lucrative market in North America owing to increasing number of FDA approvals for widefield imaging systems
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The U.S. widefield imaging systems market is estimated to create absolute $ opportunity of nearly US$ 15 Mn in 2017 over 2016
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Revenue from the U.S. market is projected to register a CAGR of 8.1% from 2016 to 2026 to reach more than US$ 300 Mn by 2026
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The Canada widefield imaging systems market is estimated to create absolute $ opportunity of US$ 1.3 Mn in 2017 over 2016
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Revenue from the Canada market is projected to expand at a CAGR of 8.8% from 2016 to 2026 to reach nearly US$ 40 Mn by 2026
North America Widefield Imaging Systems Market Attractiveness Analysis, 2016 – 2026
Rise in incidence of chorioretinal disease is expected to drive demand for widefield imaging systems during the forecast period
The U.S. market dominated the North America widefield imaging systems market in revenue terms in 2015 and is projected to continue to do so throughout the forecast period. The U.S. widefield imaging systems market is the most attractive regional market in the North America widefield imaging systems market with an attractiveness index of 1.8 during the forecast period. The diabetic retinopathy segment dominated the North America widefield imaging systems market in revenue terms in 2015 and is projected to continue to do so throughout the forecast period.
Specialty clinics end user segment is expected to emerge as the most lucrative segment owing to increasing number of specialty clinics during the forecast period
The hospitals segment dominated the North America widefield imaging systems market in revenue terms in 2015 and is projected to continue to do so throughout the forecast period. The standalone segment is the most attractive modality segment in the North America widefield imaging systems market, recording an attractiveness index of 1.0 during the forecast period.
North America Widefield Imaging Systems Market – Trends
Tracking changing customer preferences in real time and addressing the same could help in generation of higher sales
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Increased preference for outright owning of devices over leasing is fuelling the installed base in North America, especially the U.S. For example, companies have noted that the installed base of new products witnessed a sales volume growth of up to 15% per year in the last two fiscals
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There has also been significant traction in the number of customers possessing financial leases for devices; but this is only applicable for devices with RTO (rent-to-own) option
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Changing customer preferences indicate a favourable capital-based market for these devices in North America over the forecast period
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Increase in the number of corporate account renewals and new corporate accounts are fuelling the sales volume and revenue growth from the devices in the U.S.
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Contributing factors include price erosion of existing devices and attraction towards availing device up gradation free of cost with a renewal of contract
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Increasing distributor base is another factor expected to contribute significantly towards revenue growth in the near future
Analyst Viewpoint
California technology offered by Optos plc. is the future of the global widefield imaging systems market
Optos Plc. is a renowned provider of retinal imaging devices for ultra-widefield, high resolution digital images. The company started operating in the global widefield imaging systems market in 2000 with the launch of P200 in the U.S. and U.K. Subsequently in 2004, the company expanded the availability of widefield imaging products in Germany, Austria, Switzerland, France, Spain, Norway, Sweden, Korea, China and Australia. The company’s most advanced imaging devices for disease management and treatment support ophthalmologists and retinal specialists in the medical care market. The latest products of the company viz. Daytona and California represent the newest generation of the company’s ultra-wide field imaging technology. California is the most advanced technology offered by the company offering Indocyanine Green angiography while retaining all other features of 200Tx.
Future Market Insights presents a comprehensive analysis of the global widefield imaging systems market in a new publication titled ‘Widefield Imaging Systems Market: Global Industry Analysis and Opportunity Assessment, 2016–2026’. In this report, Future Market Insights has focussed on offering detailed insights and in-depth research on the global widefield imaging systems market over a 10 year forecast period 2016 – 2026. In this report, we have covered the important factors driving the expansion of the global widefield imaging systems market, untapped opportunities for market players in this field, trends and developments shaping the dynamics of the global widefield imaging systems market and other insights across various key segments. In addition, we have identified the key drivers and restraints impacting the development of the global widefield imaging systems market. Changing trends are also analysed and incorporated in the report to equip clients with exhaustive information about the market resulting in better decision making. Macroeconomic factors that directly and indirectly affect the performance of the global widefield imaging systems market are also incorporated in the report.
Market Segmentation
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By Component |
By Modality |
By End User |
By Region |
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Report Structure
The report begins with an executive summary of the global widefield imaging systems market that gives the reader all the important numbers, such as the value of the market in 2016 and the forecasted value in the year 2026 along with the CAGR that the market is likely to exhibit. The executive summary also highlights the drivers, restraints and trends likely to impact the global widefield imaging systems market in a nutshell and also introduces the key players in the market. The segment wise breakup of all the important segments of the global widefield imaging systems market is also given in the executive summary. The next section gives the market definition and the market taxonomy that introduces the reader to the various important concepts that are necessary in the understanding of this report and also gives the classification of the global widefield imaging systems market into various segments and sub segments that breaks up the market into various sectors for proper understanding and analysis.
In the next chapter, we have included widefield imaging systems market analysis scenario that contains important information such as the market volume analysis, installed base by region, replacement rate and lifecycle analysis, pricing analysis, pricing assumptions, price projections per region, market overview and the value chain of the global widefield imaging systems market. This information gives a detailed global outlook regarding the condition of the market in various important regions of the world and also gives information about the various regulatory mechanisms associated with the product, and how the product is used along with the regional breakups of the global widefield imaging systems market. The next chapter discusses the key market dynamics, which gives the reader valuable information about the various macroeconomic factors, demand side drivers, supply side drivers, restraints, opportunities, relevance and impact of the forecast factors and the price trend analysis of the global widefield imaging systems market. All this information gives the reader a comprehensive analysis of the global widefield imaging systems market and gives a clear idea regarding the future growth prospects of the market along with the various important factors encouraging and hampering the growth of the market during the forecast period.
In the next section of the report, global widefield imaging systems market analysis and forecast is given by component, by indication, by modality, by end user and by region. These chapters contain valuable information such as basis point share analysis, year-on-year growth projections, market forecast by the relevant segment/sub-segment and market attractiveness analysis. All this information forms the basis on which the reader can judge where the market is heading towards and provides a 360 degree view of the entire global widefield imaging systems market, and based on these insights, important inferences can be made about the market. In the subsequent chapters of the report, region-wise markets for widefield imaging systems are analysed in detail. In the end, a competition landscape of all the important players in the global widefield imaging systems market is given. This section comprises the competition dashboard and also consists of the company profiles and other details such as company overview, financials, strategy and recent market developments in order to give the reader a comprehensive view of the competition landscape of the global widefield imaging systems market.
Research Methodology
To calculate the global widefield imaging systems market size, macroeconomic indicators such as healthcare industry outlook, healthcare spending, prevalence of diabetic retinopathy, and Gross Domestic Product have been considered to arrive at the indicated market numbers. The forecast presented here assesses the total revenue by value across the market. In order to offer an accurate forecast, we have started by sizing the current market, which forms the basis of how the global widefield imaging systems market will develop in the future. Given the characteristics of the market, we have triangulated the outcome of different types of analyses based on the technology trends.
Key Metrics
Given the ever-fluctuating nature of the global economy, we not only conduct forecasts in terms of CAGR, but also analyse the market on the basis of key parameters such as year-on-year (Y-o-Y) growth to understand the predictability of the market and to identify the right opportunities across the market. As previously highlighted, the global widefield imaging systems market is split into a number of segments. All segments in terms of indication, component, modality, end user and based on different regions are analysed in terms of basis point share to understand individual segments’ relative contribution to market growth. This detailed level of information is important for identification of various key trends of the global widefield imaging systems market. Also, another key feature of this report is the analysis of all key segments in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that market players can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the global widefield imaging systems market.
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