Ophthalmic Perimeters Market To Generate Of $357.9 Million With a CAGR of 4.1% By 2026 | Grand View Research, Inc.

February 10 02:57 2021
Ophthalmic Perimeters Market To Generate Of $357.9 Million With a CAGR of 4.1% By 2026 | Grand View Research, Inc.

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The rising incidences of various age- and lifestyle-related eye disorders have aided in the growth of the ophthalmic perimeters market globally, with North America and Asia Pacific expected to lead the industry over the coming years, as per a study by Grand View Research.

The global ophthalmic perimeters market size is projected to reach USD 357.9 million by 2026, advancing at a CAGR of 4.1% over the forecast period, according to a new report by Grand View Research, Inc. Ophthalmic perimeters are instruments that evaluate and measure the visual field within which the sensation of sight can be produced by stimuli projected on a curved surface, the eyes being in a straight-ahead position. The increasing prevalence of ophthalmic conditions such as glaucoma and cataract are expected to augment the overall industry growth in the coming years. To meet this increased demand, there has been a growing frequency of new product launches and an increasing number of strategic alliances between players & end users, which have created a positive market environment. Development of patented, tablet-based visual field testing and analysis systems is anticipated to enable easy, faster, & accurate diagnosis.

There has been a gradual increase in the number of nonprofit organizations that specialize in ophthalmology over the past few years, coinciding with an increase in the awareness of related disorders. Increased competition has seen the introduction of technologically advanced perimetry systems, which have had a positive impact on the industry advancement. Increase in demand for advanced early diagnostic techniques, high adoption rate for advanced technologies, and favorable reimbursement scenario are some of the major factors driving the market in the major regional markets. Technological advancements relating to high-quality displays, development of image processing & analysis software, and simplification of operations, in the context of perimetry systems, have enhanced the market appeal among end-use areas. A number of ophthalmic perimeter manufacturers are conducting perimetry courses to enable users to learn swift usage of the device, thus aiding in greater market awareness.

The market for ophthalmic perimeters is broadly segmented on the basis of product and end-use. The major product segments include static, kinetic, and combinational. Hospitals and ophthalmic clinics, among others, are the major end-use segments. The market has witnessed significant expansion in recent years in the Asia Pacific region, with the development of a strong healthcare infrastructure in the region. Some of the major industry players include Haag-Streit AG; Carl Zeiss AG; Topcon Corporation; Nidek Co., Ltd.; Heidelberg Engineering GmbH; Optopol Technology Spolka z.o.o.; Takagi Seiko Co., Ltd.; Kowa Company, Ltd.; Metrovision; Konan Medical USA, Inc.; and Centervue.

 North America ophthalmic perimeters market size, by product, 2015 - 2026 (USD Million)

Ophthalmic Perimeters Market Report Highlights

1        The growing prevalence of conditions such as glaucoma and cataract have helped in the exponential growth of the ophthalmic perimeters market, owing to an increase in testing and diagnosis procedures in hospitals and clinics

2        According to data by BrightFocus Foundation, as of 2020, there were around 80 million people with glaucoma globally, with the number expected to rise to over 111 million by 2040, thus hastening the requirement of treatment and diagnosis

3        With regards to cataract, the WHO states that this disorder causes one-third of the global blindness, and affects around 65.2 million people. Furthermore, it causes moderate to severe loss of vision in 52.6 million individuals, if corrective measures are not taken

4        The static perimeters segment held the highest share in the ophthalmic perimeters market in 2018 owing to its extensive use in capturing large data points for visual field testing. Moreover, these devices conduct visual field testing from multiple angles, which in turn helps with accurate diagnosis

5        The combination perimeters product segment is expected to grow at a fastest pace during the forecast period, as these devices enable standardization of procedures and decrease the overall turnaround time

6        Hospitals held the largest industry share among the end-use segments, with the high demand for advanced ophthalmic perimeters in hospitals driving segment growth

7        Ophthalmic clinics are expected to experience the fastest growth during the forecast period. The segment growth is fueled by an increasing number of standalone ophthalmic clinics in developing regions.

8        North America is anticipated to dominate the ophthalmic perimeters market during the forecast period owing to increasing incidences of lifestyle- and age-associated ophthalmic conditions such as glaucoma and cataract

9        Market players resort to strategies such as mergers, acquisitions, and new product launches, in order to garner a dominant industry position. For example, in July 2020, Topcon Healthcare announced the acquisition of Henson’s perimetry product linefrom Elektron Eye Technology (EET) located in Cambridge, UK, which includes the Henson 9000 and 7000.

10    In the same vein, Konan Medical acquired ‘objectiveFIELD’ from Australian National University, which is designed for testing both eyes simultaneously, thus saving a significant amount of time in diagnosis of various conditions

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Ophthalmic Perimeters Market Segmentation

Grand View Research has segmented the global ophthalmic perimeters market on the basis of product type, application, end use, and region:

Ophthalmic Perimeters Product Outlook (Revenue, USD Million, 2015 – 2026)

  • Static

  • Kinetic

  • Combination

Ophthalmic Perimeters End-use Outlook (Revenue, USD Million, 2015 – 2026)

  • Hospital

  • Ophthalmic Clinic

  • Others

Ophthalmic Perimeters Regional Outlook (Revenue, USD Million, 2015 – 2026)

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

    • France

    • Italy

    • Spain

  • Asia Pacific

    • Japan

    • China

    • India

    • South Korea

    • Thailand

  • Latin America

    • Brazil

    • Mexico

    • Argentina

    • Colombia

  • Middle East & Africa

    • South Africa

    • Saudi Arabia

    • UAE

List of Key Players of Ophthalmic Perimeters Market

  • Haag-Streit AG
  • Carl Zeiss AG
  • Topcon Corporation
  • Nidek Co., Ltd.
  • Heidelberg Engineering GmbH
  • Optopol Technology Sp. z o.o.
  • Takagi Seiko Co., Ltd.
  • Kowa Company, Ltd.
  • Metrovision Konan Medical USA, Inc.
  • Centervue S.P.A

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