South and Central America Retinal Imaging Devices Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Device Type (Fluorescein Angiography, Fundus Camera, and Optical Coherence Tomography) and End User (Hospitals & Clinics, Ambulatory Surgi

South and Central America Retinal Imaging Devices Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Device Type (Fluorescein Angiography, Fundus Camera, and Optical Coherence Tomography) and End User (Hospitals & Clinics, Ambulatory Surgical Centers, Specialized Eye Care Centers, and Other End Users)

The South & Central America retinal imaging devices market is expected to reach US$ 264.2 million by 2028 from US$ 194.2 million in 2021. The market is estimated to propel at a CAGR of 4.5% from 2021 to 2028.

Various medical devices have been integrated with artificial intelligence (AI) and are being commercialized. The ongoing trend for virtual reality (VR) and 3D imaging, nuclear imaging, and wearables is rapidly rising as well. Various companies are trying to integrate AI into retinal imaging devices. For instance, Google's Deep Mind subsidiary, UCL, in collaboration with Moorfields Eye Hospital, has designed software that can identify various common eye diseases through 3D scans and assist in recommending treatments to patients. The system was launched in August 2018. It was trained on nearly 15,000 OCT scans collected from approximately 7,500 patients treated in Moorfields. Thus, the integration of AI into retinal imaging devices is likely to influence the market's growth in the near future.

According to the International Council of Nurses, the number of deaths of health professionals in Brazil was much more than in other countries during the second wave of COVID-19 due to high viral transmission. As Brazil has many populated regions with small houses with 6-7 people per house, the virus spread like wildfire. Currently, the countries in this region are rapidly increasing their clinical programs to fight against the novel coronavirus.

In such a scenario, Brazil has observed enormous difficulties in managing eye diseases and diabetes. Due to inadequate monitoring, many patients ended up being admitted to emergency departments due to retinal or vision impairment. During the pandemic, diabetics, diabetic retinopathy patients, and patients with other severe eye conditions were arriving late at hospitals, outside the therapeutic window for acute intervention. In addition, the country also faced difficulties in obtaining beds in the intensive care unit to manage the diseases during the acute phase. These factors are likely to harm the market growth during the forecast period.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the SCAM retinal imaging devices market at a promising CAGR during the forecast period.

South & Central America Retinal Imaging Devices Market Revenue and Forecast to 2028 (US$ Million)

South & Central America Retinal Imaging Devices Market Segmentation

By Device Type

Fluorescein Angiography Fundus Camera Optical Coherence Tomography By End User

Hospitals & Clinics Ambulatory Surgical Centers Specialized Eye Care Centers Other End Users By Country

South & Central America Brazil Argentina Rest of South & Central America Companies Mentioned

Carl Zeiss Meditec Revenio Group Oyj Nikon Corporation Topcon Corporation Epipole Ltd Eyenuk Inc.

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