|Fastest Growing Market:||Asia-Pacific|
|Largest Market:||North America|
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The Automated Ophthalmic Perimeters Market studied is expected to grow with an estimated CAGR of 4.8%, over the forecast period.
COVID-19 related restrictions such as lockdown and restrictions on manufacturing activities have negatively impacted the market for automated ophthalmic perimeters. However, deteriorating vision quality due to prolonged mask use and a rising number of ophthalmic complications related to the pandemic are anticipated to boost the growth of the Automated Ophthalmic Perimeters Market. According to an article published by PubMed in 2021, the inappropriate wearing of face masks can cause visual field artifacts, which may be interpreted as low-test reliability or glaucoma progression.
The visual field can be impaired due to diverse diseases mostly by oculars such as retinitis pigmentosa, glaucoma, neurological disorders, and diabetic retinopathy. Ophthalmic perimeters are used in the diagnosis and detection of age-related macular degeneration, glaucoma, brain abnormalities, and scotomas. Automated perimetry offers several advantages over manual perimetry in that recording of patient responses as well as stimulus presentation can be standardized, leading to more reproducible results. Also, it delivers more sensitive and accurate findings in a timely manner, offers quantitative information, and early detection of glaucomatous damage is possible due to newer perimetric tests. This has increased the demand for automated ophthalmic perimeters in the industry.
The high prevalence of ophthalmic diseases is anticipated to drive the Automated Ophthalmic Perimeters Market over the forecast period. According to the World Health Organization in 2021, approximately 2.2 billion people have a near or distance vision impairment globally in 2020. Also, according to the World Health Organization estimation in 2021, approximately 76 and 195.6 million people were affected by glaucoma and age-related macular degeneration respectively in 2020.
Furthermore, the growing geriatric population is anticipated to propel the market over the forecast period. According to the World Population Ageing 2019 report published by United Nations, about 703 million people were aged 65 years or over in 2019 and projected to double (1.5 billion) by 2050. However, the scarcity of ophthalmologists, the high cost of automated ophthalmic perimeters, and increased competition and price pressure among major device manufacturers are likely to restrain the market growth over the forecast period.
Scope of the Report
Automated ophthalmic perimeters offer systematic measurement of the visual field and are an essential component of defining the extent and progression of glaucoma, as well as numerous other eye conditions. All automated ophthalmic perimeters measure sensitivity to certain stimuli at multiple locations in the visual field, though multiple variables define the perimeter. The Automated Ophthalmic Perimeters Market is segmented by Product (Static and Kinetic), End-user (Hospitals, Ophthalmic Clinics, and Others), and Geography (North America, Europe, Asia-Pacific, Middle East, and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions, globally. The report offers the value (in USD million) for the above segments.
|By End User|
|Middle East and Africa|
Key Market Trends
Static segment is Expected to Hold a Significant Share Over the Forecast Period
In static automated ophthalmic perimetry, stationary stimuli are presented at defined points in the visual field. Stimuli presented for longer durations of time may be seen better as a result of temporal summation of the information, though the limited additional benefit is derived beyond times over 1/10th of a second. The static automated ophthalmic perimeters are the most preferred devices for detecting glaucoma, assessing visual field quality, and monitoring glaucoma-related changes in the visual field.
Technological advancements in the industry are expected to drive the static automated ophthalmic perimeters segment over the forecast period. Technological advancements have increased accuracy in visual field testing and reduced turnaround time. The use of new software algorithms in the static automated ophthalmic perimeters is one of the major technological advances in the industry.
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North America Dominates the Market and is Expected to do the Same in the Forecast Period
North America holds the major market share in the Automated Ophthalmic Perimeters Market and is expected to dominate the overall market, throughout the forecast period owing to the huge growth of the geriatric population along with the rise in the prevalence of ophthalmic disorders such as diabetic retinopathy, glaucoma, macular degeneration, and cataract in the region. According to the Centers for Disease Control and Prevention in 2021, about 30.1 million people were affected by cataracts in the United States in 2020. Additionally, as per data published by the Centers for Disease Control and Prevention in 2020, around 8.96 million Americans would suffer from uncorrectable vision impairment by 2050 due to the increasing epidemics of diabetes and other chronic diseases in the United States.
Furthermore, rapid adoption of new technologies, rising awareness, and high healthcare expenditure in the region are expected to boost the market share of the region in the industry.
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The Automated Ophthalmic Perimeters Market is moderately competitive in nature with several players across the globe. Companies, like ZEISS International, HAAG-STREIT GROUP, Medmont, OPTOPOL Technology Sp. z o.o., NIDEK CO., LTD., OCULUS, Inc., Kowa American Corporation, MEDA Co., Ltd., Metrovision, and Heidelberg Engineering GmbH among others, hold the substantial market share in the market studied.
In July 2021, ZEISS introduced a fully integrated ecosystem where a combination of data management, devices, services, and applications will drive continuous improvement of patient outcomes. It would expand integrated workflow solutions at ZEISS.
In July 2020, Topcon Healthcare acquired the Henson line of perimeter business of United Kingdom-based Elektron Eye Technology. The Henson 9000 and 7000 perimeters were included in the acquisition agreement. The deal’s terms were not disclosed.
Table of Contents
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rise in the Prevalence of Ocular Disorders and Increase in Geriatric Population
4.2.2 Technological Advancement
4.3 Market Restraints
4.3.1 High Cost of Products
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Product
5.2 By End User
5.2.2 Ophthalmic Clinics
5.3.1 North America
5.3.4 Middle East and Africa
5.3.5 South America
6. COMPETITIVE LANDSCAPE
*List Not Exhaustive
6.1 Company Profiles
6.1.1 ZEISS International
6.1.2 HAAG-STREIT GROUP
6.1.4 OPTOPOL Technology Sp. z o.o.
6.1.5 NIDEK CO., LTD.
6.1.6 OCULUS, Inc.
6.1.7 Kowa American Corporation
6.1.8 MEDA Co., Ltd.
6.1.10 Essilor Instruments USA
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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Frequently Asked Questions
What is the study period of this market?
The Global Automated Ophthalmic Perimeters Market market is studied from 2018 - 2026.
What is the growth rate of Global Automated Ophthalmic Perimeters Market?
The Global Automated Ophthalmic Perimeters Market is growing at a CAGR of 4.8% over the next 5 years.
Which region has highest growth rate in Global Automated Ophthalmic Perimeters Market?
Asia-Pacific is growing at the highest CAGR over 2021- 2026.
Which region has largest share in Global Automated Ophthalmic Perimeters Market?
North America holds highest share in 2020.
Who are the key players in Global Automated Ophthalmic Perimeters Market?
ZEISS International , HAAG-STREIT GROUP , Medmont , OPTOPOL Technology Sp. z o.o. , NIDEK CO., LTD. are the major companies operating in Global Automated Ophthalmic Perimeters Market.