Ophthalmic Perimeters - Market Insights, Competitive Landscape, and Market Forecast - 2030

Ophthalmic Perimeters - Market Insights, Competitive Landscape, and Market Forecast - 2030

Ophthalmic Perimeters Market By Product Type (Static, Kinetic, Combination), Application (Cataract, Dry Eye, Glaucoma, And Others), End-User (Hospitals, Clinics, Ophthalmic Centers, And Others), And Geography (North America, Europe, Asia-Pacific, And Rest Of The World) is expected to grow at a steady CAGR forecast till 2030 owing to rising incidence of eye conditions such as such as glaucoma, cataract, retinal diseases and others with the rising number of eye care clinics and specialized ophthalmic hospitals among others

The ophthalmic perimeters market is estimated to grow at a CAGR of 4.27% during the forecast period from 2024 to 2030. The market for ophthalmic perimeters is experiencing significant growth due to several key factors. The increasing prevalence of eye conditions such as cataracts, glaucoma, retinal diseases, and others is driving the demand for precise diagnostic tools. An aging population, which is more susceptible to these conditions, further contributes to this demand. Technological advancements are continuously enhancing the accuracy and usability of ophthalmic perimeter devices, making them more attractive to healthcare providers. Additionally, rising healthcare expenditure and the number of eye care and specialty hospitals, particularly in developed regions, also fuel market growth. Improved treatment outcomes associated with the use of these devices drive their adoption. Frequent collaborations and regulatory approvals ensure that the latest technologies are further expanding the market. Growing awareness about early diagnosis and treatment, along with better accessibility to advanced diagnostic tools, contributes to market growth. Strategic collaborations and partnerships among industry leaders foster innovation and market expansion during the forecast period from 2024 to 2030.

Ophthalmic Perimeters Market Dynamics:

According to the European Commission (2023), in 2021, the European Union saw cataract surgery as the predominant surgical procedure, with a significant 4.32 million operations performed across EU nations. Additionally, as per the same source France had the highest rate of cataract surgery per 100,000 population in 2021 estimating 1,417 per 100,000 population followed by Austria (1,340 PER 100,000 population). Furthermore, as per the study conducted by the International Agency for the Prevention of Blindness (IAPB) in 2020, the global population affected by moderate to severe cataracts was 83,475,182. Cataract surgery is expected to drive the growth of the ophthalmic perimeter market due to several factors. Preoperative and postoperative assessments require precise visual field evaluations, making ophthalmic perimeters essential tools for accurate diagnosis and monitoring. The aging population, which has a higher incidence of cataracts, increases the demand for these evaluations. Technological advancements in ophthalmic perimeters, such as improved accuracy and patient comfort, enhance their adoption in eye care practices. Additionally, rising awareness about eye health and the importance of early diagnosis contribute to the growing use of perimeters. So, an increasing number of cataracts will lead to the market growth of ophthalmic perimeters.

Further, as per the data from the World Glaucoma Association indicates that around 7.6 million people worldwide were diagnosed with glaucoma in 2020. This number is expected to surge to 111.8 million by 2040. Alarmingly, in developed nations, up to 90% of glaucoma cases go undetected, and half of those affected are unaware of their condition. Glaucoma, often without noticeable symptoms, is a leading cause of irreversible blindness globally. Projections suggest that by 2040, more than 11 million individuals will suffer from bilateral blindness due to glaucoma. Glaucoma is set to lead the market of Ophthalmic Perimeters due to several key factors. Glaucoma, a leading cause of irreversible blindness, drives the demand for ophthalmic perimeters due to its asymptomatic progression and the need for early detection via visual field testing. Regular screening with perimeters is crucial, especially for high-risk groups like those over 40 or with a family history of glaucoma. Lifelong management of glaucoma requires frequent visual field tests to monitor progression and adjust treatments. Ophthalmic perimeters provide detailed visual field maps, aiding in detecting subtle changes and evaluating treatment effectiveness. Awareness campaigns and public health initiatives highlight the importance of regular eye exams, increasing the demand for these devices, supported by professional guidelines recommending regular visual field testing for glaucoma patients.

Another key factor behind the growth of the ophthalmic perimeters market is rise in strategic activities such as acquisitions, and product launch for example, in November 2023, Topcon revealed the introduction of its new Tempo Perimeter at the American Academy of Ophthalmology (AAO) conference in San Francisco. The Tempo Perimeter is designed to offer quick, precise, and comfortable visual field testing. According to Topcon, this device operates 39% faster than traditional Standard Automated Perimetry (SAP).

Therefore all the factors mentioned above are expected to push forward the growth of the Ophthalmic Perimeters Market during the forecast of 2024 to 2030.

However, challenges such as the high price point of ophthalmic perimeters and their limitations in accurately assessing axial length (AL) and anterior chamber depth (ACD) in eyes with significant media opacities may hinder the expansion of the overall market for these devices.

Ophthalmic Perimeters Market Segment Analysis:

Ophthalmic Perimeters Market by Product Type (Swept-Source OCT Biometers, Optical Low Coherence Reflectometry (OLCR)-Based Biometers and Others), Application (Cataract, Dry Eye, Glaucoma, and Others), End-User (Hospitals, Clinics, Ophthalmic Centers, and Others), and Geography (North America, Europe, Asia-Pacific, and Rest of the World)

In the product type segment of the overall Ophthalmic Perimeters Market, the Swept-Source OCT Biometers category is expected to hold the largest share in the year 2023. This can be attributed to the wide applications and advantages provided by the Swept-Source OCT Biometers. Swept-Source Optical Coherence Tomography (SS-OCT) biometers are cutting-edge tools utilized in ophthalmology for assessing eye structures and conditions. They offer several distinct advantages. Firstly, SS-OCT biometers boast enhanced penetration and imaging quality. By employing a longer wavelength light source, they can penetrate dense ocular media like cataracts and hemorrhages, resulting in clearer imaging of deeper eye structures such as the choroid and sclera. Additionally, their high-resolution images facilitate detailed visualization of critical structures like the retina and optic nerve.

Further, these devices are marked by their speed and efficiency. SS-OCT systems perform scans swiftly, reducing the time needed for a complete assessment. This not only enhances patient comfort but also increases throughput in busy clinical settings. Their real-time data acquisition capabilities enable immediate visualization and assessment, crucial for timely clinical decision-making. SS-OCT biometers excel in comprehensive data collection. They can measure the entire axial length of the eye and simultaneously capture various parameters such as corneal curvature, anterior chamber depth, lens thickness, and axial length, providing a comprehensive overview of the eye's anatomy. Moreover, these devices ensure improved accuracy and reliability. Their advanced technology guarantees highly reproducible measurements, essential for monitoring disease progression and preoperative and postoperative assessments. Additionally, they are less dependent on operator skill, ensuring consistent and accurate measurements across different users and settings. However, these advantages make the SS-OCT biometers a preferred choice for surgeons and healthcare facilities.

Furthermore, the growth of the ophthalmic perimeter market will also be driven by increasing product launch activities, regulatory approvals, and innovations. For example, in March 2021, Alcon released its new ARGOS SS-OCT biometers for Australia and New Zealand.

Therefore, owing to the applications and advantages of Swept-Source OCT Biometers, all of the above factors are expected to drive the growth of the Swept-Source OCT Biometers, thereby propelling the overall growth of the Ophthalmic Perimeters Market during the forecast period from 2024 to 2030.

North America Is Expected To Dominate The Overall Ophthalmic Perimeters Market:

Among all the regions, North America is expected to hold the largest share in the global Ophthalmic Perimeters Market in 2023. The North American ophthalmic perimeter market is undergoing significant growth due to several crucial factors. One of the main drivers is the rising incidence of eye conditions like cataracts, glaucoma, and dry eye, as well as an increase in refractive errors. This trend, coupled with higher healthcare spending in the region, is propelling market growth. Additionally, the active participation of leading industry companies and their ongoing commitment to product innovation are key contributors to this expansion. These firms are regularly introducing new products and obtaining regulatory approvals, which help advance the market. As a result, there is a strong response to the growing demand for advanced treatments and innovative eye care technologies.

For instance, the Centers for Disease Control and Prevention (CDC) (2024) provided data showing that in 2019, more than 3 million Americans were diagnosed with glaucoma, a disease that can result in permanent vision loss if not properly managed. The CDC's projections indicate a troubling trend, with the number of affected individuals expected to rise dramatically to approximately 6.3 million by 2050. The increasing prevalence of glaucoma in North America is a key driver of the ophthalmic perimeter market. Early detection and continuous monitoring are crucial for managing this condition, and ophthalmic perimeters provide precise visual field assessments essential for diagnosis and tracking progression. With glaucoma cases on the rise due to factors like aging demographics and heightened awareness, the demand for these diagnostic tools is rapidly expanding, shaping the landscape of glaucoma care in the region.

Moreover, increasing product approvals, and launches of the product along with the presence of key players, among others is expected to boost the growth of the Ophthalmic Perimeters Market in the North American region during the forecast period from 2024 to 2030.

Ophthalmic Perimeters Market Key Players:

Some of the key market players operating in the ophthalmic perimeters market include ZEISS, Metrovosion, Topcon Corporation, Revenio Group, OPTOPOL Technology, NIDEK CO., LTD, Kowa Company, Ltd., Medmont, Konan Medical Inc., Heidelberg Engineering GmbH, Takagi Seiko Co., Ltd, Haag-Streit Group, OCULUS, FREY, Visionix, and others.

Recent Developmental Activities In The Ophthalmic Perimeters Market:

In October 2022, ZEISS Medical Technology revealed a strategic collaboration with the European Association of Neurosurgical Societies (EANS).

Key Takeaways From The Ophthalmic Perimeters Market Report Study

Market size analysis for current ophthalmic perimeters market size (2023), and market forecast for 6 years (2024 to 2030)

Top key product/services/technology developments, mergers, acquisitions, partnerships, and joint ventures happened for the last 3 years

Key companies dominating the global ophthalmic perimeters market.

Various opportunities available for the other competitor in the ophthalmic perimeters market space.

What are the top-performing segments in 2023? How these segments will perform in 2030?

Which are the top-performing regions and countries in the current ophthalmic perimeters market scenario?

Which are the regions and countries where companies should have concentrated on opportunities for ophthalmic perimeters market growth in the coming future?

Target Audience Who Can Be Benefited From This Ophthalmic Perimeters Market Report Study

Ophthalmic perimeter product providers

Research organizations and consulting companies

Ophthalmic Perimeters related organizations, associations, forums, and other alliances

Government and corporate offices

Start-up companies, venture capitalists, and private equity firms

Distributors and traders dealing in ophthalmic perimeters market

Various end-users who want to know more about the ophthalmic perimeters market and the latest technological developments in the ophthalmic perimeters market

Frequently Asked Questions For The Ophthalmic Perimeters Market:

1. What are ophthalmic perimeters market?

Ophthalmic perimeters are diagnostic devices used in ophthalmology to assess the visual field of patients. They measure the sensitivity of a person's vision across their field of view, detecting any abnormalities or defects in their visual field.

2. What is the market for global ophthalmic perimeters market?

The ophthalmic perimeters market is estimated to grow at a CAGR of 4.27% during the forecast period from 2024 to 2030.

3. What are the drivers for the global ophthalmic perimeters market?

The market for ophthalmic perimeters is experiencing significant growth due to several key factors. The increasing prevalence of eye conditions such as cataracts, glaucoma, diabetic retinopathy, and others is driving the demand for precise diagnostic tools. An aging population, which is more susceptible to these conditions, further contributes to this demand. Technological advancements are continuously enhancing the accuracy and usability of ophthalmic perimeter devices, making them more attractive to healthcare providers. Additionally, rising healthcare expenditure and the number of eye care and specialty hospitals, particularly in developed regions, also fuel market growth. Improved treatment outcomes associated with the use of these devices drive their adoption. Frequent collaborations and regulatory approvals ensure that the latest technologies are further expanding the market. Growing awareness about early diagnosis and treatment, along with better accessibility to advanced diagnostic tools, contributes to market growth. Strategic collaborations and partnerships among industry leaders foster innovation and market expansion during the forecast period from 2024 to 2030.

4. Who are the key players operating in the global Ophthalmic Perimeters Market?

Some of the key market players operating in the Ophthalmic Perimeters Market include ZEISS, Metrovosion, Topcon Corporation, Revenio Group, OPTOPOL Technology, NIDEK CO., LTD, Kowa Company, Ltd., Medmont, Konan Medical Inc., Heidelberg Engineering GmbH, Takagi Seiko Co., Ltd, Haag-Streit Group, OCULUS, FREY, Visionix, and others.

5. Which region has the highest share in the Ophthalmic Perimeters Market?

The North American ophthalmic perimeter market is undergoing significant growth due to several crucial factors. One of the main drivers is the rising incidence of eye conditions like cataracts, glaucoma, and dry eye, as well as an increase in refractive errors. This trend, coupled with higher healthcare spending in the region, is propelling market growth. Additionally, the active participation of leading industry companies and their ongoing commitment to product innovation are key contributors to this expansion. These firms are regularly introducing new products and obtaining regulatory approvals, which help advance the market. As a result, there is a strong response to the growing demand for advanced treatments and innovative eye care technologies.