Ophthalmic Perimeters Market to Reach US$ 465.2 Mn by 2033: TMR Study

PRESS RELEASE

Published March 9, 2023

WILMINGTON, DE / ACCESSWIRE / March 9, 2023 / Transparency Market Research Inc. - The Ophthalmic Perimeters Market size is forecast to reach US$ 465.2 Mn by 2033, expanding at a CAGR of 5.3% from 2023 to 2033. Extensive usage of ophthalmic perimeters to detect visual field defects such as glaucoma, cataract, and age-related macular degeneration is likely to create attractive revenue growth opportunities. Ophthalmic perimeters are widely utilized by ambulatory care centers, clinics, and hospitals in the early detection of glaucoma and in the assessment of the disease progression.

A significant increase in the adoption of automated and technologically advanced perimeters is expected to create lucrative avenues for equipment manufacturers in the ophthalmic perimeters market. The rise in the prevalence of age-related macular degeneration in several countries has led to the adoption of devices with improved diagnostic abilities in ophthalmic practice. An increase in the utilization of perimeters in visual skills evaluation has also advanced the market value

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Key Findings of Study

Increase in Demand from Hospitals: Rise in demand for ophthalmic perimeters in hospitals is expected to create abundant opportunities for companies in the industry. The hospital segment was estimated to expand at a CAGR of 5.1% from 2018 to 2022 (historical period). A significant increase in the number of hospitals that provide eye care services in developing countries in the past few decades is expected to accelerate the ophthalmic perimeters market development.
A surge in Demand for Static Ophthalmic Perimeters to Detect Visual Field Defects in Children: There is an extensive demand for visual field testing in children and young adults for early detection of glaucoma. The prevalence of age-related eye diseases and ocular diseases such as diabetic retinopathy that affect the visual field is high in populations aged more than 65 years. This is leading to attractive demand for advanced field analyzer perimeters and better techniques for interpreting a perimetry report. Static perimeters have emerged as technologically advanced devices used in automated visual field evaluation. These devices are characterized by improved diagnostic ability in glaucomatous eyes and promise better patient outcomes. Static perimeters are extensively used in the early detection and follow-up of glaucoma. Companies are striving to launch static perimeters with high sensitivity, specificity, and diagnostic ability.

Key Drivers

The increase in the health burden of age-related ocular conditions in several countries is a key driver of the global ophthalmic perimeters industry. Age-related macular degeneration is a major cause of vision loss in the elderly.
The rise in the prevalence of glaucoma is expected to bolster demand for advanced perimetry techniques and technologies in ophthalmology. The introduction of automated and portable visual field analyzers in ambulatory care centers has augmented the ophthalmic perimeters market outlook

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Regional Growth Dynamics

North America is anticipated to offer lucrative opportunities to companies in the global ophthalmic perimeters market. The region has witnessed increased utilization of advanced perimetry devices to detect visual field defects in multiple pathologies such as glaucoma and age-related macular degeneration. The rapid adoption of technologically advanced devices and the rise in the incidence of common optic nerve diseases in the U.S. are trends expected to bolster industry growth in North America.
Asia Pacific is also a lucrative market for ophthalmic perimeters. The markets in South Korea and Japan are anticipated to witness considerable revenue growth during the forecast period 2023-2033. A recent TMR study on the global ophthalmic perimeters market reveals that South Korea and Japan are projected to expand at CAGRs of approximately 7.2% and 6.6% respectively, from 2023 to 2033.

Competitive Dynamics

Prominent companies are unveiling ophthalmic perimeters equipped with novel technologies in order to gain a competitive edge over other market players. Some of the key players commit sizable R&D funds to develop portable devices, especially head-mounted perimeter units, in a bid to stay ahead in the ophthalmic perimeters market.

Key companies in the market are

Haag-Streit AG,
CenterVue SpA,
Carl Zeiss AG,
Konan Medical USA,
Topcon Corporation,
Metrovision,
Nidek Co., Ltd.,
Kowa Company, Ltd.,
Takagi Seiko Co., Ltd., and Heidelberg Engineering GmbH.

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Ophthalmic Perimeters Market Segmentation

By Product Type

Static
Kinetic
Combination

By End-use

Hospital
Ophthalmic Clinic
Other End-uses

By Region

North America
Latin America
Europe
APAC
MEA

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