Industry Outlook
The handheld retinal scanners market is set to reach from US$ 790.3 Mn in 2017 to US$ 3,216.3 Mn by 2026 representing outstanding growth at a compounded annual growth rate (CAGR) of 17.3% during the forecast period from 2018 to 2026. The human eye retina has a very unique and intricate pattern of blood vessel which remain stable throughout the lifespan of a human being. Retinal scan is therefore a highly robust technology, and due to its accuracy & precision is used in person identification and authentication. It is noteworthy to understand that 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 finds huge application in the early screening and diagnosis of eye disorders and is still in the nascent stage for its biometric application in sectors such as banking & finance and defense security.
Market Synopsis
Rising public health awareness regarding ocular disease and availability of latest technologically innovative retinal scanners drive the medical diagnosis market growth
Medical diagnosis is reigning the applications segment for handheld retinal scanners market. Chronic diseases such as ADME, diabetic retinopathy, lyme disease, atherosclerosis and sickle cell anemia has a huge impact on the eye and hence can aid their diagnosis by early retinal scanning. Banking & 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 earlier iris scan to prevent fraudulent bank transaction and maintain account security. EyeVerify, Inc., is providing 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 application.
Rising prevalence of retinal disease and significant adoption of retinal biometric scanning technology in banking segment drive the market growth in North America
In the present scenario North America holds 48% share in global handheld retinal scanners market. As per the latest research citing provided by Center for Disease Control and Prevention (CDC), in United States the number of patients suffering with diabetic retinopathy is set to reach 14.6 million by 2050. Rising prevalence of retinal disease and increasing adoption of retinal biometric scanning in banking & finance segment drive the market growth in North America region. Europe represents 27% market share primarily due to rising prevalence of age related macular degeneration (ADME) in population aged between 40 to 65 years and domicile of major players such as Fraunhofer IPMS, HEINE Optotechnik, KIRCHNER & WILHELM GmbH + Co. KG. etc. Asia Pacific with a share of 13% market share will perform outstanding growth owing to developing healthcare infrastructure and rampant growth in IT segment specializing in retinal biometric scanning technology.
Historical & Forecast Period
2016 – Historical Year
2017 – Base Year
2018-2026 – Forecast Period
This research report presents the analysis of each segment from 2016 to 2026 considering 2017 as the base year for the research. Compounded annual growth rate (CAGR) for each respective segments are calculated for the forecast period from 2018 to 2026.
Report Scope by Segments
The market is segmented by applications and by geography.
By Applications (2016–2026; US$ Mn)
· Medical Diagnosis
· Banking & Finance
· Defense & Security
· Others
Geography Segment (2016–2026; US$ Mn)
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 questions answered in this report
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 Handheld Retinal Scanners Market Portraiture
2.2. Global Handheld Retinal Scanners Market, by Applications, 2017 (US$ Mn)
2.3. Global Handheld Retinal Scanners Market, by Geography, 2017 (US$ Mn)
Chapter 3. Handheld Retinal Scanners 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 Handheld Retinal Scanners Market, by Key Players, 2017
Chapter 4. Global Handheld Retinal Scanners 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 Market, by Geography
5.1. Overview
5.2. North America Handheld Retinal Scanners Market Analysis, 2016 – 2026
5.2.1. North America Handheld Retinal Scanners Market, by Applications, 2016 – 2026 (US$ Mn)
5.2.2. North America Handheld Retinal Scanners Market, by Country, 2016 – 2026 (US$ Mn)
5.2.2.1. U.S.
5.2.2.2. Canada
5.3. Europe Handheld Retinal Scanners Market Analysis, 2016 – 2026
5.3.1. Europe Handheld Retinal Scanners Market, by Applications, 2016 – 2026 (US$ Mn)
5.3.2. Europe Handheld Retinal Scanners 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 Handheld Retinal Scanners Market Analysis, 2016 – 2026
5.4.1. Asia Pacific Handheld Retinal Scanners Market, by Applications, 2016 – 2026 (US$ Mn)
5.4.2. Asia Pacific Handheld Retinal Scanners 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 Handheld Retinal Scanners Market Analysis, 2016 – 2026
5.5.1. Latin America Handheld Retinal Scanners Market, by Applications, 2016 – 2026 (US$ Mn)
5.5.2. Latin America Handheld Retinal Scanners 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 Handheld Retinal Scanners Market Analysis, 2016 – 2026
5.6.1. MEA Handheld Retinal Scanners Market, by Applications, 2016 – 2026 (US$ Mn)
5.6.2. MEA Handheld Retinal Scanners 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
FIG. 1 Handheld Retinal Scanners Market: Research Methodology
FIG. 2 Handheld Retinal Scanners: Market Segmentation
FIG. 3 Global Handheld Retinal Scanners Market, by Applications, 2017 (US$ Mn)
FIG. 4 Global Handheld Retinal Scanners Market, by Geography, 2017 (US$ Mn)
FIG. 5 Attractive Investment Proposition: by Geography, 2017
FIG. 6 Competitive Analysis: Global Handheld Retinal Scanners 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. Handheld Retinal Scanners Market, 2016 – 2026 (US$ Mn)
FIG. 12 Canada Handheld Retinal Scanners Market, 2016 – 2026 (US$ Mn)
FIG. 13 U.K. Handheld Retinal Scanners Market, 2016 – 2026 (US$ Mn)
FIG. 14 Germany Handheld Retinal Scanners Market, 2016 – 2026 (US$ Mn)
FIG. 15 Rest of Europe Handheld Retinal Scanners Market, 2016 – 2026 (US$ Mn)
FIG. 16 China Handheld Retinal Scanners Market, 2016 – 2026 (US$ Mn)
FIG. 17 Japan Handheld Retinal Scanners Market, 2016 – 2026 (US$ Mn)
FIG. 18 Rest of Asia Pacific Handheld Retinal Scanners Market, 2016 – 2026 (US$ Mn)
FIG. 19 Brazil Handheld Retinal Scanners Market, 2016 – 2026 (US$ Mn)
FIG. 20 Mexico Handheld Retinal Scanners Market, 2016 – 2026 (US$ Mn)
FIG. 21 Rest of Latin America Handheld Retinal Scanners Market, 2016 – 2026 (US$ Mn)
FIG. 22 GCC Handheld Retinal Scanners Market, 2016 – 2026 (US$ Mn)
FIG. 23 Rest of Middle East and Africa Handheld Retinal Scanners Market, 2016 – 2026 (US$ Mn)
TABLE 1 Global Handheld Retinal Scanners Market Portraiture
TABLE 2 Global Handheld Retinal Scanners Market, by Applications, 2016 – 2026 (US$ Mn)
TABLE 3 Global Handheld Retinal Scanners Market, by Geography, 2016 – 2026 (US$ Mn)
TABLE 4 North America Handheld Retinal Scanners Market, by Applications, 2016 – 2026 (US$ Mn)
TABLE 5 North America Handheld Retinal Scanners Market, by Country, 2016 – 2026 (US$ Mn)
TABLE 6 Europe Handheld Retinal Scanners Market, by Applications, 2016 – 2026 (US$ Mn)
TABLE 7 Europe Handheld Retinal Scanners Market, by Country/Region, 2016 – 2026 (US$ Mn)
TABLE 8 Asia Pacific Handheld Retinal Scanners Market, by Applications, 2016 – 2026 (US$ Mn)
TABLE 9 Asia Pacific Handheld Retinal Scanners Market, by Country/Region, 2015 – 2025 (US$ Mn)
TABLE 10 Latin America Handheld Retinal Scanners Market, by Applications, 2016 – 2026 (US$ Mn)
TABLE 11 Latin America Handheld Retinal Scanners Market, by Country/Region, 2016 – 2026 (US$ Mn)
TABLE 12 Middle East and Africa Handheld Retinal Scanners Market, by Applications, 2016 – 2026 (US$ Mn)
TABLE 13 Middle East and Africa Handheld Retinal Scanners 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)
