The global adaptive optics market size is expected to reach USD 4.01 billion by 2030, expanding at a CAGR of 31.4%. 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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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.
Adaptive Optics Market Report Highlights
- The wavefront sensors segment held the largest revenue share in 2023 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 2023 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 2023, 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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- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Adaptive Optics Market Variables, Trends, & Scope
Chapter 4. Adaptive Optics Market: Component Estimates & Trend Analysis
Chapter 5. Adaptive Optics Market: End-use Estimates & Trend Analysis
Chapter 6. Adaptive Optics Market: Regional Estimates & Trend Analysis
Chapter 7. Competitive Landscape
Companies Mentioned
- Northrop Grumman Corporation
- Boston Micromachines Corporation
- Imagine Eyes
- Iris AO, Inc.
- Adaptica
- IMAGINE OPTIC SA
- ALPAO
- Optico AG Sevelen
- AKA Optics SAS
- Thorlabs, Inc
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 120 |
| Published | June 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 608.8 Million |
| Forecasted Market Value ( USD | $ 4010 Million |
| Compound Annual Growth Rate | 31.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
