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Handheld Retinal Scanners Market By Applications (Medical Diagnosis, Banking & Finance, Defense & Security, Others) – Growth, Future Prospects, And Competitive Analysis, 2018 – 2026

Name: Handheld Retinal Scanners Market - Demand, Size and Competitive Analysis
Creator: Credence Research Inc.
Published: 2019-02-10
License: https://www.credenceresearch.com/info/privacy-policy
Keywords: Handheld Retinal Scanners Market

Summary
Table Of Content
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Market Insights

The handheld retinal scanners market is expected to grow from $790.3 million in 2017 to $3,216.3 million by 2026, representing exceptional growth at a compounded annual growth rate (CAGR) of 17.3% from 2018 to 2026. The human eye’s retina has a very unique and intricate pattern of blood vessels that remain stable throughout the lifespan of a human being. Retinal scanning is thus a highly robust technology that is used in personal identification and authentication due to its accuracy and precision.

It is noteworthy to understand that a retinal scan should not be misunderstood for iris recognition, which is based on analyzing a person’s random iris pattern, which can be easily spoofed during data matching. It has a wide range of applications in the early detection and diagnosis of eye disorders, and its biometric application in sectors such as banking and finance, and defense security is still in its early stages.

Market Synopsis

Rising public health awareness regarding the ocular disease and the availability of the latest technologically innovative retinal scanners drive the medical diagnosis market’s growth.

The most common application for handheld retinal scanners is a medical diagnosis. Chronic diseases such as ADME, diabetic retinopathy, Lyme disease, atherosclerosis, and sickle cell anemia have a huge impact on the eye and hence can be helped in their diagnosis by early retinal scanning.

The banking and finance segment will register outstanding growth in the near future as several banking giants are now relying on the unique retinal blood vessel pattern rather than the earlier iris scan to prevent fraudulent bank transactions and maintain account security. EyeVerify, Inc. provides its services to Wells Fargo, Citigroup, Arizona Federal Credit Union, etc. Fraunhofer IPMS has developed a portable retinal scanner equipped with Mobile Authentication via Retina Scanner (MARS) to provide civilian and defense security identification applications.

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The rising prevalence of retinal disease, as well as the widespread adoption of retinal biometric scanning technology in the banking sector, are driving market growth in North America.

In the present scenario, North America holds a 48% share of the global market for handheld retinal scanners. According to the latest research cited by the Centers for Disease Control and Prevention (CDC), in the United States, the number of patients suffering from diabetic retinopathy is set to reach 14.6 million by 2050. The rising prevalence of retinal disease, as well as the increasing adoption of retinal biometric scanning in the banking and finance sector, are driving market growth in North America.

Europe represents 27% of the market, primarily due to the rising prevalence of age-related macular degeneration (ADME) in the population aged between 40 and 65 years and the domicile of major players such as Fraunhofer IPMS, HEINE Optotechnik, Kirchner & Wilhelm GmbH + Co. KG, etc. With a 13% market share, Asia Pacific will experience exceptional growth as a result of developing healthcare infrastructure and rapid growth in the IT segment specializing in retinal biometric scanning technology.

Periods of History and Forecast

This research report presents the analysis of each segment from 2016 to 2026, considering 2017 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments is calculated for the forecast period from 2018 to 2026.

Report Scope by Segments

The market is segmented by applications and by geography.

Archrivals participating in the handheld retinal scanner 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.

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Key questions are answered in this report.

Which rivals are competing in the handheld retinal scanner market?
What are the latest technical innovations related to retinal scanners?
What will be the drivers, restraints, and opportunities related to the market for retinal scanners?
Which major chronic diseases are diagnosed by using retinal scanners?
What will be the market size and CAGR for the Asia Pacific regional segment during the forecast period from 2018 to 2026?

Chapter 1. Preface
1.1. Report Scope and Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Applications
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I-Secondary Research
1.3.2. Phase II-Primary Research
1.3.3. Approach Adopted
1.3.4. Top-down Approach
1.3.5. Bottom-up Approach
1.3.6. Phase III-Expert Panel Review
1.3.7. Assumptions
1.4. Market Segmentation

Chapter 2. Executive Summary
2.1. Global HRS Market Portraiture
2.2. Global HRS Market, by Applications, 2017 (US$ Mn)
2.3. Global HRS Market, by Geography, 2017 (US$ Mn)

Chapter 3. Handheld Retinal Scanners (HRS) Market: Dynamics and Future Outlook
3.1. Market Overview
3.2. Drivers
3.3. Challenges
3.4. Opportunities
3.5. Attractive Investment Proposition, by Geography, 2017
3.6. Competitive Analysis: Global HRS Market, by Key Players, 2017

Chapter 4. Global Handheld Retinal Scanners (HRS) Market, by Applications
4.1. Overview
4.2. Medical Diagnosis
4.3. Banking & Finance
4.4. Defense & Security
4.5. Others

Chapter 5. Global Handheld Retinal Scanners (HRS) Market, by Geography
5.1. Overview
5.2. North America HRS Market Analysis, 2016 – 2026
5.2.1. North America HRS Market, by Applications, 2016 – 2026 (US$ Mn)
5.2.2. North America HRS Market, by Country, 2016 – 2026 (US$ Mn)
5.2.2.1. U.S.
5.2.2.2. Canada
5.3. Europe HRS Market Analysis, 2016 – 2026
5.3.1. Europe HRS Market, by Applications, 2016 – 2026 (US$ Mn)
5.3.2. Europe HRS Market, by Country/Region, 2016 – 2026 (US$ Mn)
5.3.2.1. U.K.
5.3.2.2. Germany
5.3.2.3. Rest of Europe
5.4. Asia Pacific HRS Market Analysis, 2016 – 2026
5.4.1. Asia Pacific HRS Market, by Applications, 2016 – 2026 (US$ Mn)
5.4.2. Asia Pacific HRS Market, by Country/Region, 2016 – 2026 (US$ Mn)
5.4.2.1. China
5.4.2.2. Japan
5.4.2.3. Rest of Asia Pacific
5.5. Latin America HRS Market Analysis, 2016 – 2026
5.5.1. Latin America HRS Market, by Applications, 2016 – 2026 (US$ Mn)
5.5.2. Latin America HRS Market, by Country/Region, 2016 – 2026 (US$ Mn)
5.5.2.1. Brazil
5.5.2.2. Mexico
5.5.2.3. Rest of Latin America
5.6. Middle East & Africa HRS Market Analysis, 2016 – 2026
5.6.1. MEA HRS Market, by Applications, 2016 – 2026 (US$ Mn)
5.6.2. MEA HRS Market, by Region, 2016 – 2026 (US$ Mn)
5.6.2.1. GCC
5.6.2.2. Rest of MEA

Chapter 6. Company Profiles
6.1. AOptix
6.1.1. Business Description
6.1.2. Financial Information (Subject to data availability)
6.1.3. Product Portfolio
6.1.4. News Coverage
6.2. BioEnable Technologies Pvt. Ltd.
6.3. Crystal HR & Security Solutions (P) Ltd.
6.4. EyeVerify, Inc.
6.5. Fraunhofer IPMS
6.6. HEINE Optotechnik
6.7. KIRCHNER & WILHELM GmbH + Co. KG.
6.8. ROWIAK GmbH
6.9. Volk Optical, Inc.
6.10. Welch Allyn

List of Figures

FIG. 1 Handheld Retinal Scanners (HRS) Market: Research Methodology
FIG. 2 HRS Market Segmentation
FIG. 3 Global HRS Market, by Applications, 2017 (US$ Mn)
FIG. 4 Global HRS Market, by Geography, 2017 (US$ Mn)
FIG. 5 Attractive Investment Proposition: by Geography, 2017
FIG. 6 Competitive Analysis: Global HRS Market, by Key Players, 2017
FIG. 7 Global Medical Diagnosis Market for Handheld Retinal Scanners, 2016 – 2026 (US$ Mn)
FIG. 8 Global Banking & Finance Market for Handheld Retinal Scanners, 2016 – 2026 (US$ Mn)
FIG. 9 Global Defense & Security Market for Handheld Retinal Scanners, 2016 – 2026 (US$ Mn)
FIG. 10 Global Other Applications Market for Handheld Retinal Scanners, 2016 – 2026 (US$ Mn)
FIG. 11 U.S. HRS Market, 2016 – 2026 (US$ Mn)
FIG. 12 Canada HRS Market, 2016 – 2026 (US$ Mn)
FIG. 13 U.K. HRS Market, 2016 – 2026 (US$ Mn)
FIG. 14 Germany HRS Market, 2016 – 2026 (US$ Mn)
FIG. 15 Rest of Europe HRS Market, 2016 – 2026 (US$ Mn)
FIG. 16 China HRS Market, 2016 – 2026 (US$ Mn)
FIG. 17 Japan HRS Market, 2016 – 2026 (US$ Mn)
FIG. 18 Rest of Asia Pacific HRS Market, 2016 – 2026 (US$ Mn)
FIG. 19 Brazil HRS Market, 2016 – 2026 (US$ Mn)
FIG. 20 Mexico HRS Market, 2016 – 2026 (US$ Mn)
FIG. 21 Rest of Latin America HRS Market, 2016 – 2026 (US$ Mn)
FIG. 22 GCC HRS Market, 2016 – 2026 (US$ Mn)
FIG. 23 Rest of Middle East and Africa HRS Market, 2016 – 2026 (US$ Mn)

List of Tables

TABLE 1 Global Handheld Retinal Scanners (HRS) Market Portraiture
TABLE 2 Global HRS Market, by Applications, 2016 – 2026 (US$ Mn)
TABLE 3 Global HRS Market, by Geography, 2016 – 2026 (US$ Mn)
TABLE 4 North America HRS Market, by Applications, 2016 – 2026 (US$ Mn)
TABLE 5 North America HRS Market, by Country, 2016 – 2026 (US$ Mn)
TABLE 6 Europe HRS Market, by Applications, 2016 – 2026 (US$ Mn)
TABLE 7 Europe HRS Market, by Country/Region, 2016 – 2026 (US$ Mn)
TABLE 8 Asia Pacific HRS Market, by Applications, 2016 – 2026 (US$ Mn)
TABLE 9 Asia Pacific HRS Market, by Country/Region, 2015 – 2025 (US$ Mn)
TABLE 10 Latin America HRS Market, by Applications, 2016 – 2026 (US$ Mn)
TABLE 11 Latin America HRS Market, by Country/Region, 2016 – 2026 (US$ Mn)
TABLE 12 Middle East and Africa HRS Market, by Applications, 2016 – 2026 (US$ Mn)
TABLE 13 Middle East and Africa HRS Market, by Region, 2016 – 2026 (US$ Mn)
TABLE 14 AOptix: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 15 BioEnable Technologies Pvt., Ltd.: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 16 Crystal HR & Security Solutions (P) Ltd.: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 17 EyeVerify, Inc.: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 18 Fraunhofer, IPMS: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 19 HEINE Optotechnik: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 20 KIRCHNER & WILHELM GmbH + Co. KG.: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 21 ROWIAK GmbH: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 22 Volk Optical, Inc.: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 23 Welch Allyn: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)

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Frequently Asked Questions:

What is the size of Handheld Retinal Scanners Market?

The market for Handheld Retinal Scanners Market is expected to reach USD$ 3,216.3 Mn in 2026.

What is the Handheld Retinal Scanners Market CAGR?

The Handheld Retinal Scanners Market is expected to see significant CAGR growth over the coming years, at 17.3%.

What is the Forecast period considered for Handheld Retinal Scanners Market?

The report is forecasted from 2018 -2026.

What is the base year considered for Handheld Retinal Scanners Market?

The base year of this report is 2017.

Who are the major players in this market?

BioEnable Technologies, Pvt. Ltd., Crystal HR & Security Solutions (P) Ltd., EyeVerify, Inc. are some of the major players in the global market.

About Author

Shweta Bisht

Healthcare & Biotech Analyst

Shweta is a healthcare and biotech researcher with strong analytical skills in chemical and agri domains.

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