Widefield Imaging Systems Market Analysis, Company Scope, Global Opportunity Analysis and Forecast

Widefield Imaging Systems

Widefield imaging systems are imaging systems that rely on illumination and allow an observer to view and observe the resulting image through a camera. Hospitals, clinics, and ambulatory surgery centres are quickly adopting widefield imaging systems.

Over the forecast period, the global Widefield Imaging Systems Market is expected to grow due to the rising prevalence of diabetic retinopathy. According to the study 'Global causes of blindness and distance vision impairment 1990-2020: a systematic review and meta-analysis' published in the journal Lancet, 2.6 million people were visually impaired due to diabetic retinopathy in 2015, with that number expected to rise to 3.2 million by 2020. Furthermore, favourable government policies are expected to help the market grow. In the United States, for example, the Patient Protection and Affordable Care Act allows patients to be reimbursed for health examination costs.

Widefield imaging systems are in high demand due to the rising prevalence of diabetic retinopathy and the growing geriatric population. Another factor driving the Growth of The Widefield Imaging Systems Market is the increasing number of cases of visual impairment. The growing demand for widefield imaging systems has been fueled by a greater focus on technological advancements in imaging technologies. Induced research and development capabilities in this area are also boosting the market for widefield imaging systems. Another indirect market growth determinant is rising economies of scale. Government policies that are favourable will also attract investment in this market.

Furthermore, the high cost of widefield imaging systems is expected to stifle the global Widefield Imaging Systems Market growth. A widefield imaging system, for example, could cost around $85,000. However, in low and middle-income economies with inadequate healthcare infrastructure, lack of awareness about widefield imaging systems will pose a further challenge to market growth and demand. In addition, the market for widefield imaging systems will be slowed by high acquisition costs. High operating and maintenance costs will also stifle the market for widefield imaging systems.