Ophthalmoscope is a device that is used by healthcare professionals for examining interior structure of the eyes. Ophthalmoscope device is combination of light source and lenses that helps a physician to test the eye. The ophthalmologist uses this device for eye test, in which the fundus (consist of blood vessels, optic disc, and retina) is examined. Ophthalmoscopy is adopted for conditions, where patients suffer from headache or have swollen optic disc. There are two major types of ophthalmoscopy, which include direct ophthalmoscopy and indirect ophthalmoscopy. Major difference between these two types include magnification intensity. Direct ophthalmoscopy has high magnification power and it is equipped with multiple lenses that can magnify about 15 times more compared to indirect ophthalmoscopy.
Market Dynamics
The key market players are focusing on the adoption of growth organic strategies such as increasing prevalence of ophthalmic disease across the globe is a key factor that is expected to drive the growth of the global ophthalmoscopes market. The rising disease population is expected to drive demand for ophthalmoscopy for diagnosis of eye problems. Moreover, age-related macular degeneration is one of the leading ophthalmic diseases that is expected to fuel demand for ophthalmoscopy. For instance, according to the BrightFocus Foundation data, around 11 million people in the U.S. are suffering from age-related macular degeneration. This number is expected to reach around 22 million by 2050. Furthermore, globally age-related macular degeneration problem cost around US$ 343 billion, of which US$ 255 billion is the direct cost of healthcare. Thus, increasing ophthalmic disease population is expected to boost growth of the market over the forecast period.
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