High exposure to screens from an early age and other factors have contributed to a growing number of optical disorders. In such circumstances, adaptive optics are gaining notable traction as they improve the performance of optical systems. They enable optical devices to produce more accurate measurements and images free of aberrations along with enhancing their overall effectiveness. Meanwhile, the increasing incidence of retinitis pigmentosa (RP) and Age-related Macular Degeneration (AMD) is creating a demand for advanced medical technologies such as adaptive optics (AO). As of 2020, more than 196 million people suffered from AMD. Moreover, increasing research and development activities by several key market players are sustaining the momentum of the market’s growth. The cumulative force of these advancements and growing eye disorders are leading the global adaptive optics market to fruition.
Increasing Prevalence of Retinal Illnesses to Create Considerable Growth Prospects for Adaptive Optics Market
The retina is a tissue that has millions of nerve cells with many of them being sensitive to light. Retinal illnesses can be serious and cause permanent blindness if left untreated. Current treatment methods can halt or slow down retinal illnesses to restore or enhance eyesight. Technologies such as spectral domain optical coherence tomography and scanning laser ophthalmoscopy allow medical professionals to properly assess the condition of the retina. Of late, adaptive optics imaging systems are proving to be highly effective in correcting the eyesight of patients. They enable better observation of photoreceptors, retinal pigment epithelium, and white blood cells. These applications are sustaining the adaptive optics market.
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Increasing Research and Development Activities in Retinal Imaging Tech to Assist Adaptive Optics Market Growth
Owing to the ability of adaptive optics to help with treating retinal issues and other eye disorders, the demand for adaptive optics is set to scale up. It is being employed actively to reduce optical distortions in retinal imaging and ophthalmology. Against this backdrop, many adaptive optics manufacturers are investing in focused research and development (RD) activities to meet the soaring demands across the healthcare sector. Retinal imaging is a key domain that is propelling the global adaptive optics market to greater heights. Growing healthcare awareness and purchasing power is set to lead the market to better revenue outcomes in the forecast period.
North America to Dominate Adaptive Optics Market Amidst Notable Employment of Cutting-edge Medical Technologies
Growing adoption of the latest medical technology and high healthcare expenditures are cementing North America’s status as the leading adaptive optics market region. The region is exhibiting a promising increment in revenue share due to growing RD activities for advanced optics solutions. A major contributor to the region’s growth is the employment of adaptive optics in the military and defence industry. They are being used for monitoring and surveillance applications. Meanwhile, Europe is also showcasing promising due to the high adoption of adaptive optics in the biomedical domain.
Promising Market Players
Some of the major players in the global adaptive optics market include Iris AO, Inc. (US), Northrop Grumman Corporation (US), Teledyne e2v LTD (UK), Adaptica S.r.l. (Italy), Thorlabs, Inc. (US), Active Optical Systems, LLC (US), Flexible Optical B.V. (Netherlands), Boston Micromachines Corporation (US), Imagine Optic SA (France), and Phasics Corp. (France).
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