Market Trends of Global Pupillometer Industry
This section covers the major market trends shaping the Pupillometer Market according to our research experts:
Video Pupillometer is Expected to Witness High Growth Over the Forecast Period
Video pupillometers are more advanced compared to digital pupillometers. For instance, these devices can capture the entire pupillary activity. Moreover, video pupillometers such as The EyeKinetix pupillometer offered by Konan Medical USA Inc. utilize high-definition video cameras under infrared conditions to record the bilateral pupil responses to monocular visual stimuli. Furthermore, EyeKinetix simultaneously records both direct and consensual pupillary light reflexes. In addition, the recent approval of video pupillometers is another factor that leads to a surge in their demand. For instance, NeurOptics Inc. launched NPi-300 Pupillometer in the United States in July 2021. Furthermore, NPi-300 Pupillometer has advanced features such as, it includes a LED light source, a high-precision infra-red camera, and extensive microprocessor capability. Hence, these features lead to a surge in demand in the market thereby driving the growth of the market.
Furthermore, video pupillometer such as NPi-300 is automatic and quick in comparison to digital pupillometers. Hence, automatic pupillometers remove any human errors that could occur with other testing methods. Thus, this leads to a surge in demand for video pupillometers thereby driving the growth of the market. Hence, these advantages offered by them make these devices a preferred choice among clinicians.
North America is Expected to Dominate the Pupillometer Market
North America is expected to dominate the market due to the presence of a large number of key players offering pupillometers in the region. For instance, some of the key players operating in North America include Essilor Group (Essilor Instruments), US Ophthalmic., NeurOptics Inc., Konan Medical USA Inc., and Reichert Inc.
In addition, accurate neurological and pupillary assessment are critical for the detection of neurological deterioration in patients with traumatic brain injury (TBI). Hence, the surge in cases of traumatic brain injury in the region is another factor that drives the growth of the market. Furthermore, pupillometers are employed to check pupil response in patients with retinal diseases such as macular degeneration, diabetic retinopathy, intraocular tumors, and others. In addition, retinal diseases such as macular degeneration are more predisposed in the geriatric population. Moreover, according to BrightFocus Foundation, the risk of getting advanced age-related macular degeneration is 2% in people ages 50- 59. This risk is nearly 30% for those over the age of 75. For instance, according to America's Health Rankings Senior Report published in 2021, about 16.5% of the United States population is of age 65 years or above. In addition, according to the projected estimates, the total number of people aged 65 years or above is expected to rise to 85.7 million in the United States by the year 2050. Similarly, the rise in the geriatric population in Canada is also a factor that drives the growth of the market in North America. For instance, according to Statistics Canada, an agency of the Government of Canada, in July 2021, there were 7,081,792 seniors aged 65 and older in Canada. Furthermore, as per the demographic projections, senior citizens are expected to account for over one-fifth of the population by 2025 and could reach one-quarter by 2059. Thus, the rise in the geriatric population that suffers from retinal diseases in the United States and Canada drives the rise in demand for pupillometers thereby driving the growth of the market in North America.
Therefore, owing to the aforesaid factors the growth of the studied market is anticipated in the North America Region.
