About Teleophthalmology
Teleophthalmology is a branch of telemedicine. Teleophthalmology delivered medical equipment digitally and telecommunications technology for eye care. Eye specialists uses this branch of telemedicine for patients in remote areas, diagnosis and monitoring, distant learning as well as ophthalmic (related to eye) disease screening. Teleophthalmology enables health professionals to take ocular images and attend to patients who have limited access to ocular health care. Teleophthalmology required equipment includes a camera that can take ocular images and a computer terminal with network capabilities, which can transfer the images. teleophthalmology allows clinicians to provide quality health care outside of clinics, thus improving access to medical care, patient outcomes, and overall patient satisfaction. Teleophthalmology has the potential to improve ophthalmic care and diagnose VTDs. Ultimately, the goal of teleophthalmology is to decrease the global burden of vision threatening disease and improve the quality of life for patients with eye diseases worldwide.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The market for Teleophthalmology is highly competitive with several global as well as local players in the market. The global players are trying various strategies such as Service innovation and using various marketing strategies to gain a higher market share. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Teleophthalmology market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Retina Lab (Canada), Secure Diagnostic Imaging (Canada), Doxy.Me (United States), Eyecarelive, Inc (United States), Secure Diagnostic Imagery (Canada), Sapphire Eye Care (United Kingdom), Leben Care Technologies Pte. Ltd. (Singapore), Eyenuk, Inc. (United States), Revenio Group (Finland) and Welcare Health Systems (India) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Pulse Telemedicine Technologies (United States) and Welcare Telemed (India).
Segmentation Overview
AMA Research has segmented the market of Global Teleophthalmology market by , Application (Physician Distance Learning, Eye Disease Treatment, Eye Disease Diagnosis and Other) and Region.
On the basis of geography, the market of Teleophthalmology has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Service, the sub-segment i.e. Vision Check will boost the Teleophthalmology market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment , the sub-segment i.e. Web Based will boost the Teleophthalmology market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Eye Care Clinics will boost the Teleophthalmology market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 22 march 2021, Revenio Group (REG1V: Nasdaq Helsinki), a Finland-based health tech group that is a global leader in ophthalmological devices, signed an agreement on Friday to purchase Oculo, an Australian teleophthalmology and clinical communication platform company focusing on telehealth, remote monitoring, and clinical communications. The company, based here, was founded in 2015 as a spinoff from Centre for Eye Research Australia (CERA). The sellers are several Australian investors and the company's shareholding employees. The execution of the transaction is expected to take place in the beginning of the second quarter of 2021, provided that certain normal conditions are met. The enterprise value is AUD 18.5 million. The acquisition has no effect on Revenio's financial guidance for 2021, the Group said in statement.
On 28 October 2020, Retina Labs, The Leading Provider of Teleophthalmology and Diabetic Retinopathy Screening Solutions, Is Pleased to Announce the Launch of Complyhub, Its Latest Innovation for In-Home Preventive Health Screening. Complyhub Is Retina Labs Proprietary Technology Platform for Managing HEDIS Gap Closure and The Cornerstone for The Company’s In-Home Preventive Care Operations. Retina Labs In-Home Preventive Screening Services Include Diabetic Eye Exams, Bone Density Scans, Hemoglobin A1C, Microalbumin Urine, Colorectal Cancer Screening and Blood Pressure Control Management. Services Are Delivered by Retina Labs Field Workforce of Retinal Imaging Technologists. Complyhub Offers an End-To-End Solution That Encompasses Electronic Health Records (EHR), Member Scheduling and Logistics Optimization, Field Workforce Management, Care Plan Administration, Test Administration, Electronic Visit Verification, Client Dashboards and Reporting.
Teleophthalmology Relies on A Standard for The Representation, Storage, And Transmission of Medical Images Known as Digital Imaging and Communications in Medicine (DICOM). The Medical Imaging Standard Is Managed By The Medical Imaging & Technology Alliance (MITA), Which Is A Division Of The Virginia-Based National Electrical Manufacturers Association (NEMA). and Various Regulations Exist on National Levels That Govern the Use of Teleophthamological Solutions. USA - Health Insurance Portability And Accountability Act - Licensure Laws In The U.S. Require A Practitioner To Obtain A Full License To Deliver Telemedicine Care Across State Lines Where Regulations Vary.
Market Drivers
- Increasing Number of Ophthalmic Diseases
- Increasing Number of Diabetes Cases in Adults
Opportunities
- Growing Health Care Infrastructure
- Recent Increases in Eye Care Demand and The Covid-19 Pandemic Emphasize the Need for Teleophthalmology Services
- The Worldwide Advancement of Teleophthalmology and Its Increasing Effectiveness
Restraints
- Lagging And Time Delaying While Screening and Mid Surgery
Challenges
- Lack Awareness Related Teleophthalmology in Rural Areas
- High Cost of Equipment’s Perspective
- Lack Of Expertise as Well as Extended Patients Care in Rural Areas
Key Target Audience
New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.