AI and IoT to Drive Market for Ophthalmic Devices

Frost & Sullivan's recent analysis, Emerging Technologies Driving Growth Opportunities in Ophthalmic Diagnostic and Monitoring Devices, finds that the demand for ophthalmic diagnosis and monitoring devices is expected to surge as the prevalence of eye diseases rises because of the growing aging population, lifestyle changes, and increasing incidence of chronic diseases. Advanced technologies such as artificial intelligence (AI), the Internet of Things (IoT), and telemedicine in the ophthalmic diagnosis and monitoring space play crucial roles in driving the market as they address the need for eye screening by increasing operational efficiency, accuracy, cost efficiency and access to ophthalmic care.

"Conventional ophthalmic diagnostic devices are bulky and non-portable, take a long time for analysis, require expertise, are uncomfortable for patients, and require frequent visits to the clinic or hospital," said Dr. Sneha Maria Mariawilliam, Technical Insights Senior Research Analyst at Frost & Sullivan. "Going forward, these emerging technologies will support ophthalmologists in better understanding of diseases, taking rapid clinical decisions, and also improving patient compliance and access to eye care, while obtaining better clinical outcomes. These digital solutions will enable ophthalmic diagnostic companies to strengthen their portfolio and stay competitive in the growing market."