Intraoperative Ophthalmic Imaging and Surgical Systems Market Size, Share, Outlook, and Opportunity

Ophthalmic devices are used to identify ocular defects or deficiencies and for the treatment of eye disorders. Ophthalmic surgical microscopes are used in eye surgery practices to improve surgeons or ophthalmologist view of components of patient’s eye. Recent technological developments in surgical microscopes include integration of intra operative Optical Coherence Tomography (OCT) and image guided systems.

The global intraoperative ophthalmic imaging and surgical systems market is estimated to account for US$ 964.7 Mn in terms of value and is expected to reach US$ 1,422.1 Mn by the end of 2027.

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Increasing prevalence of eye disorders is expected to propel growth of the global intraoperative ophthalmic imaging and surgical systems market over the forecast period. For instance, according to the study, "Prevalence of refractive errors, uncorrected refractive error, and presbyopia in adults in India: A systematic review", published in the Indian Journal of Ophthalmology, in April 2019, the prevalence of refractive errors, of at least 0.50 D of spherical equivalent ametropia was 53.1%. Moreover, the prevalence of uncorrected refractive error was 10.2% in the study population.

Moreover, increasing geriatric population is also expected to aid in growth of the market. For instance, according to the U.S. Census Bureau, the U.S. geriatric population is expected to reach 77 million by 2034.

Intra operative Aberrometry held dominant position in the global intraoperative ophthalmic imaging and surgical systems market in 2019, accounting for 72.8% share in terms of volume, followed by Intra operative OCT and Ophthalmic Surgical Microscopes, respectively

Global Intraoperative Ophthalmic Imaging and Surgical Systems Market: Restraints

Lower number of ophthalmologists in emerging economies is expected to hinder growth of the global intraoperative ophthalmic imaging and surgical systems market. For instance, according to the study, "Estimated number of ophthalmologists worldwide (International Council of Ophthalmology update): will we meet the needs?" published in March 2020, in 2015, the ratio of ophthalmologists per million population for low-income countries was 3.7 compared to 76.2 for high-income countries.

Moreover, high cost of intraoperative ophthalmic imaging and surgical systems is also expected to limit growth of the market.The global intraoperative ophthalmic imaging and surgical systems market was valued at US$ 912.7 Mn in 2019 and is forecast to reach a value of US$ 1,422.1 Mn by 2027 at a CAGR of 5.7% between 2020 and 2027.

Market Trends/Key Takeaways

Intraoperative OCT (iOCT) can be effective in complex vitreoretinal surgeries in patients with proliferative diabetic retinopathy. For instance, in the May 2018 issue of American Academy of Ophthalmology’s journal Ophthalmology Retina researchers from Cole Eye Institute, Ohio, U.S., reported that iOCT imaging was obtained for 98.8% of PDR patients that underwent vitreoretinal surgery in the study and surgeons reported that iOCT provided valuable information for 50.6% of the patients.

Development of novel surgical techniques is expected to boost growth of the global intraoperative ophthalmic imaging and surgical systems market. For instance, in March 2019, Dr. Yuankai Kenny K. Tao, Assistant Professor at Vanderbilt University, U.S., reported that clinical translation of ophthalmic imaging using surgical microscope-integrated intraoperative spectrally-encoded coherence tomography and reflectometry (iSECTR) will benefit real-time instrument and field of view tracking for imaging of surgical dynamics and image-guided ophthalmic surgery.

Major players operating in the global intraoperative ophthalmic imaging and surgical systems market include, ZEISS International, Novartis AG, Danaher Corporation, TrueVision, Haag-Streit Group, and Clarity Medical Systems, Inc. Leica Microsystems, and Optovue, Inc.

Global Intraoperative Ophthalmic Imaging and Surgical Systems Market: Key Developments

Major players in the market are focused on adopting collaboration strategies to expand their product portfolio. For instance, in December 2019, Leica Microsystems collaborated with the European Molecular Biology Laboratory for the development of new imaging technologies.

Major players in the market are focused on launching new products to expand their product portfolio. For instance, in September 2019, Leica Microsystems previewed its EnFocus iOCT system, which is built into the stand of the Proveo 8 ophthalmic microscope.

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