The global adaptive optics market size is expected to reach USD 463.2 million by 2027, expanding at a CAGR of 9.0%, according to a new report by Grand View Research, Inc. The growing prevalence of different retinal diseases such as retinal degenerations, inherited color vision deficiencies, albinism, glaucoma, and many other eye diseases is expected to drive the market. Additionally, the growing awareness of Adaptive Optics (AO) and its effective usage in research for retinal imaging is also expected to contribute towards market growth.
Preference
for non-invasive diagnostic and treatment options is expected to propel the
adoption of AO devices. These devices came along with many associated
advantages apart from being non-invasive, which made them a preferred option.
Traditional imaging devices come with certain challenges due to light
distortion, which, in turn, creates inaccuracies in terms of results or images.
Adaptive optics help in overcoming these challenges and inaccuracies by
manipulating the optical wavefront.
Imaging
devices are being developed using adaptive optics like AO fundus camera,
AO-OCT, and AO ophthalmoscope. Based upon the application for which these
devices are used, deformable mirrors which are also termed as wavefront
correctors are being developed. Technological advancement in these mirrors is
done using different types of actuators for providing effective optical
properties during retinal imaging. Since deformable mirror acts as an important
component of the AO device, players, in order to enter the market, consider it
as a great opportunity.
Advanced
AO devices are complex to handle, therefore, lack of proper training regarding
its usage and operation may hinder its adoption. Moreover, the lengthy
procedure and the complex algorithm of the device to capture, analyze, and
develop the images is also expected to impact market growth. These devices are
present at a high-cost, thus, the installation of AO in clinical settings can
be challenging.
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Adaptive Optics
Market Report Highlights
- The wavefront sensors
segment held the largest revenue share in 2019 owing to the advantages
associated with the device in comparison to topographer in telling about
the complete effect on all the optical surfaces
- Deformable mirrors which are
wavefront correctors are expected to witness the fastest growth rate due
to the growing development of advanced actuators for making effective
usage of AO in various other applications
- Microscopy held the largest
revenue share in 2019 owing to the growing usage of AO devices for research
purpose in microscopy, as it helps in studying the cellular process of the
tissue more accurately
- The ophthalmology segment is
expected to witness the fastest growth rate over the forecast period owing
to the increasing usage of AO in treating retinal diseases
- Penetration of adaptive
optics in laser applications is gradually increasing to enhance its
performance in different fields such as ophthalmology
- In 2019, North America
dominated the market with the largest revenue share, as countries like the
U.S. and Canada act as early adopters of AO in research as well as
clinical applications
- Asia Pacific is expected to
show the fastest growth rate during the forecast period, mainly due to the
growing approval of adaptive optics devices for usage in countries like
Japan and China.
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Adaptive Optics
Market Segmentation
Grand View Research has segmented
the global adaptive optics market based on component, application, and region:
Adaptive Optics
Component Outlook (Volume, Units; Revenue, USD Million, 2016 - 2027)
- Deformable Mirrors
(Wavefront Correctors)
- Wavefront Sensors
- Control System
Adaptive Optics
Application Outlook (Revenue, USD Million, 2016 - 2027)
- Ophthalmology
- Microscopy
- Laser Application
- Others
Adaptive Optics
Regional Outlook (Volume, Units; Revenue, USD Million, 2016 - 2027)
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Asia Pacific
- China
- Japan
- India
- Thailand
- South Korea
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
List of Key Players
of Adaptive Optics Market
- IMAGINE OPTIC SA
- Northrop Grumman Corporation
- Iris AO, Inc.
- Adaptica
- Boston Micromachines
Corporation
- Imagine Eyes
- ALPAO
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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