Ophthalmic Perimeters Market

Market Overview

The global ophthalmic perimeters market size was USD 270 million in 2021. It is estimated to reach an expected USD 400 million by 2030 at a CAGR of 4.5% during the forecast period (2022-2030). Factors such as expansion of nonprofit organizations and the rise in geriatric population, significantly drives the ophthalmic perimeters market demand by 2030.

A perimeter is an ophthalmic device that detects any central and peripheral vision issues. While using the perimeter, stimulus (light) of different sizes, shapes, and intensities is presented to patients looking into the device. The device automatically records the reading of the patient response and gives the visual field results. The growing prevalence of ophthalmic conditions such as glaucoma and cataract is expected to drive the overall global ophthalmic perimeters market growth. Moreover, an increasing number of product launches in the market is also expected to boost market growth.

Market Dynamics

Market Drivers

Expansion of Nonprofit Organizations

The development of ambulatory care facilities and the growth of nonprofit organizations are two key elements driving up demand for ophthalmic perimeters. During the projected period, increasing competition in the ophthalmic care services sector is anticipated to drive demand for technologically sophisticated perimetry systems. End-users like hospitals, ophthalmology clinics, and nonprofit organizations are increasing their presence in rural areas, particularly in the regions of Asia and Africa. These tactical moves are anticipated to increase access to contemporary ophthalmic treatment, which is expected to fuel market expansion.

The Rise in Geriatric Population

According to WHO data published in 2013, around 82% of people aged 50 years or above live with blindness worldwide. According to the American Academy of Ophthalmology, the total number of people aged between 40 and 80 suffering from glaucoma stood at 64.3 million globally in 2014. It is expected to increase to 76 million by 2020. Hence, the rise in the geriatric population, which serves as a potential patient base—as aged people are more prone to eye diseases—notably contributes toward the market's growth. 

Market Restraint

High Treatment Cost and Lack of Skilled Professionals in Underdeveloped Countries 

The high cost of treatment primarily constrains the market's expansion. It is anticipated that a shortage of professional and medical skills will impede market progress in both developing and developed nations. Unfavorable reimbursement policies, particularly in developing countries, limit market expansion. Hence, the high cost associated with ophthalmic products and the lack of skilled people and ophthalmologists is anticipated to restrict the growth of the ophthalmic perimeters market.

Market Opportunities

Technological Advancements In Perimetry Systems And Initiatives By Manufacturers

High-quality displays, picture processing, analysis software creation, and operational simplification are technological improvements in perimetry systems. Furthermore, it is anticipated that the availability of modern perimeters at affordable rates would accelerate the pace at which outdated perimeters are replaced.

To help users quickly understand how to use the instrument, perimetry classes are offered by ophthalmic perimeters manufacturers. To give users practical experience, these courses also include workshops. Manufacturers promote their goods, such as ophthalmic perimeters, at trade events, conferences, and medical exhibits in addition to teaching perimetry courses. Such manufacturing actions are anticipated to affect consumer loyalty and increase the adoption of cutting-edge devices.

Regional Analysis

By region, the global ophthalmic perimeters market is bifurcated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. 

North America holds a significant market share in the ophthalmic perimeters market. It is estimated to grow at a CAGR of 4.4% during the forecast period. It is expected to dominate the overall market throughout the forecast period owing to the massive growth of the senior population and 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, per data published by the Centers for Disease Control and Prevention in 2020, around 8.96 million Americans will have uncorrectable vision impairment by 2050 due to the increasing epidemics of diabetes and other chronic diseases in the United States. Furthermore, the rapid adoption of new technologies, rising awareness, and high healthcare expenditure in the region are expected to boost the region's market share in the industry. 

The market is predicted to grow quickly in Asia Pacific during the forecast period. SEA, China, and India have expanded economies and better healthcare systems. Furthermore, throughout the projected period, the market is anticipated to be driven by local suppliers like Optitech Eyecare, Medmont International, and other players who offer cutting-edge technologies at low prices. These players significantly contribute to the market expansion by exporting perimeters to the Middle East and Africa. Additionally, conferences and trade exhibits for ophthalmic care devices held in the Asia Pacific region aid local market players in gaining access to international platforms.

Segmental Analysis

By product, the global ophthalmic perimeters market share is segmented into the static, combination, and kinetic. The static segment accounted for the largest market share and is estimated to grow at a CAGR of 4.3% during the forecast period. During static perimeter tests, small and dim light appears at a different predetermined location within the visual field. The patient presses the button after noticing the stimulus. The machine automatically tracks the light that the patient failed to notice. In the static perimeter, the light blinks at different locations despite moving across the screen. To check the visual threshold in the peripheral area, the machine deliberately displays a dim stimulus in this visual field. In glaucoma, peripheral vision is the most affected, increasing the application of static perimeter in its diagnosis and management. Octopus 600, Henson 7000, Microperimeter MP3, and HFA3 series are a few of the commercially available static perimeters.

The kinetic segment is the second largest. In the kinetic perimeter, the light target is moved from a non-seeing area to the seeing location in the visual field. The speed of the stimulus is usually 2 to 4 degrees per second. The shape and pattern of visual field loss are well-defined using kinetic perimeter. The high spatial resolution of this device provides accurate results. Therefore, the penetration index of kinetic perimeter in detecting neuro-ophthalmic conditions and peripheral retinal disease is increasing. In addition, in pediatric visual field testing, a moving stimulus is considered easier to notice than a blinking stimulus, which contributes to the adoption of this technology. The need for highly skilled examiners, semi-automation, and absence of standard testing guidelines are vital factors that impede the segment's growth over the forecast period.

Recent Developments

• October 2022 - ZEISS Medical Technology announces the strategic partnership with the European Association of Neurosurgical Societies (EANS). With this partnership, the company aims to support neurosurgical specialist's training and further education, promote sharing of experiences between users and medical technology manufacturers, and advance scientific progress in neurosurgery.
• October 2022 - The ZEISS Semiconductor Manufacturing Technology (SMT) sector is expanding its SMT facility in Dillfeld, Wetzlar, to meet the high level of client demand. The construction is anticipated to begin in the spring of 2023. With more than 12,000 m2, the additional building will house 150 workers who will produce cutting-edge DUV lithography systems, among other things. DUV stands for "deep ultraviolet light."
• October 2022 - ZEISS Industrial Quality Solutions expands its optical 3D measuring machines range with the new model series ZEISS ScanBox Series 5. ZEISS ScanBox Series 5 provides full-field 3D measurement coordinates that can be compared against the CAD model and used for reporting. Deviations in Geometric Dimensioning and Tolerancing, trimming, and hole positions are visualized in the GOM Inspect Pro software. Programming and controlling the measuring sequences is done via the virtual measuring room (VMR).
• October 2022 - ZEISS Medical Technology announced that it had received 510(k) clearance from the FDA for MTLawtonTM. These new disposable bipolar forceps are made from a special copper-base alloy and potentially reduce tissue adhesion and subsequent charring during tissue dissection. Thanks to the extended shaft, the forceps also reduce visual restrictions in the surgical field and help surgeons to be efficient during electrosurgical procedures.