Handheld Retinal Scanners Market – Growth, Size, Share, Forecast, industry Analysis 2019 – 2027

December 24, 2019 (prsubmission) – The latest market report published by Credence Research, Inc. “Global Handheld Retinal Scanners Market – Growth, Future Prospects, Competitive Analysis, 2018 – 2026,” the global handheld retinal scanners market is expected to reach from US$ 790.3 Mn in 2017 to US$ 3,216.3 Mn by 2026 expanding at a CAGR of 17.3% from 2018 to 2026.

Browse Full Report Originally Published by Credence Research @ https://www.credenceresearch.com/report/handheld-retinal-scanners-market

Market Insights:

Chronic diseases such as diabetic retinopathy and age-related macular degeneration, which have a significant effect on the retina region, can be avoided by early retinal scanning. The scan is done by placing a low-energy infrared light beam in the eye to map the unique pattern of the retinal blood vessels.

The benefits associated with retinal scans are the low incidence of false-positive, highly reliable and conducted over a short period of time. The limitations associated with this technology are that its accuracy is hampered by eye diseases such as cataract and severe astigmatism, high cost of equipment and is still in its incipient stage of commercial use on a large scale.

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Medical diagnosis is the market leader in applications for portable retinal scanners. Human eye retinas are impaired by chronic diseases such as diabetic retinopathy, cardiovascular disease, lyme disease, etc., early retinal scanning helps in the diagnosis of such chronic diseases.

The banking & security segment will be entering the market in the near future due to the increasing use of immaculate retinal scanning technology in the identification and authentication of customers in order to prevent fraudulent banking transactions and preserve account security. The IT segment is working diligently to develop Mobile Authentication through Retina Scanner (MARS) technology to ensure civil and defense security.

North America currently holds 48 percent market share and is the largest regional market for handheld retinal scanners. Increased adoption of biometric retinal scanning technology to sustain banking protection and increase the prevalence of chronic eye diseases is driving market growth in the North American region. Europe is the second largest market with a share of 27 per cent due to the increasing number of elderly people suffering from age-related macular degeneration (ADME) and the presence of major players such as Welch Allyn, ROWIAK GmbH and HEINE Optotechnik etc. Asia Pacific is 13 per cent of the market share and will achieve excellent growth during the forecast period due to the advancement of healthcare in Asia Pacific.

You can get the sample copy of this research by Credence Research here @ https://www.credenceresearch.com/sample-request/59565

Archrivals participating in handheld retinal scanners market are AOptix, BioEnable Technologies, Pvt., Ltd., Crystal HR & Security Solutions (P) Ltd., EyeVerify, Inc., Fraunhofer IPMS, HEINE Optotechnik, KIRCHNER & WILHELM GmbH + Co. KG., ROWIAK GmbH, Volk Optical, Inc. and Welch Allyn.

Key Market Movements:

• Rising prevalence of retinal disease and significant adoption of retinal scanning in biometric identification and authentication
• Increasing demand for retinal scanning technology for account security in banking & finance sector
• Technological advancement in smartphone application such as Mobile Authentication via Retina Scanner (MARS) to ensure defense security