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Kenneth Research has evaluated the current market opportunities in Retinal Detachment Diagnostic Market in the healthcare industry for the forecast period 2022-2031, which also includes the ongoing industry trends and innovations that will help industry players to attain their business targets. Apart from that, the inclusive data on market size, market share and forecast, growth opportunities and challenges for the market players, along with the worldwide analysis on regions- North America, Latin America, Europe, Asia Pacific and Middle East & Africa, has also been provided in the report.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Retinal Detachment Diagnostic Market Products.
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According to the statistics by the World Bank, current health expenditure around the world increased from 9.391 % of GDP in the year 2011 to 9.896 % of GDP in the year 2017. Moreover, the statistics also stated that Tuvalu, a nation in Oceania region, had the highest expenditure of 17.143 % of GDP in the year 2017, followed by the United States, with 17.061 % of GDP.
Retinal detachment is a disorder of the eye wherein a layer of tissue at the back of the eye that processes light – pulls away from the tissue around it. It involves a break in the retina that then allows the fluid in the eye to get behind the retina. Since this leads to dysfunctioning of the retina, it can result in permanent vision loss if not treated immediately. A break in the retina can occur due to severely near-sightedness, eye injury or cataract surgery, or a family history of retinal detachment. The symptoms of retinal detachment include-
Flashes of light
Seeing small flecks or threads, known as floaters
Darkening of peripheral (side) vision
Diagnosis of retinal detachment is performed by either looking at the back of the eye with an ophthalmoscope or by ultrasound.
Market Dynamics
The increasing awareness of routine eye examination leads to the rise in the diagnosis of retinal detachment. Government initiatives to improve public health and extended insurance cover accelerate the Retinal Detachment Diagnostic Market growth. Further, an increase in the number of cataract surgeries, myopia and a steadily increasing geriatric population in countries like China are the main market drivers for Retinal detachment diagnostic and therapeutic. However, the lack of equipment and equipping centers to carry out retinal surgery restrains the growth of retinal detachment diagnostic market.
Market Segmentation
The market for retinal detachment is segregated on the basis of retinal detachment type, diagnosis and treatment type. On the basis of detachment type, the market is classified into rhegmatogenous, tractional, and exudative. In terms of diagnosis, the market is segmented into the retinal examination, imaging, fluorescein angiography, fundus photos, visual field test, and others. Imaging tests include ultrasound and others. Ultrasound imaging can be further subdivided into B-scan, A-Scan, and others. Further, in terms of treatments, the market has been segmented into laser surgery, pneumatic retinopexy, scleral buckle, vitrectomy, and others.
Regional/Geographic Analysis
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Globally the market for retinal detachment diagnosis is rapidly increasing. Currently, North America is the largest market for the diagnosis due to technological advancement and funding for R&D. Europe is the second highest revenue generating region in the market. Furthermore, Asia Pacific market is expected to be the fastest growing market for retinal detachment treatment. The major factors that are driving the market here include developing healthcare infrastructure, increasing awareness, increasing healthcare expenditure, and growing adoption of new devices and treatment options. However, the Middle East and Africa are expected to grow slower than the global average.
Key Players
The major players for retinal detachment diagnostic market include IMO, Millennium Surgical Corp, ONL Therapeutics, Centervue SpA, Carl Zeiss Meditec Inc., Peek Vision Ltd., Eyenuk Inc, HealPros, LLC, Eyenuk Inc, IRIDEX Corporation, and Optos among others.
Report ContentsRegional AnalysisReport Highlights
Market segments
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market – Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
North America
US and Canada
Latin America
Mexico, Brazil, Argentina and Rest of Latin America
Western Europe
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Eastern Europe
Russia
Poland
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
South Africa
North Africa
Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Market Segmentation
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage
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About Kenneth Research:
Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defense, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.
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