Automated Visual Field Analyzer Market Size, Share & Trends Analysis Report By Product (Static, Kinetic), By End Use (Hospitals, Ophthalmic Clinics), By Region, And Segment Forecasts, 2021 - 2028

Report Overview

The global automated visual field analyzer market size was valued at USD 167.7 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.0% from 2021 to 2028. The automated visual field plays a vital role in the prevention and the early detection of ocular diseases, by assessing the visual field of human eyes. Aging is the primary risk factor for most eye conditions. Thus, an increase in the prevalence of ocular disorders, such as glaucoma, cataract, diabetes retinopathy along with a growing geriatric population, and the introduction of a technologically advanced automated visual field analyzer for its diagnosis has fueled market growth. The number of people with the age-related eye condition glaucoma has been projected to increase 1.3 times between 2020 (76 million) and 2030 (95.4 million).

Since the outbreak of the novel coronavirus (COVID-19), there has been a significant increase in the screen time of the global population. This is expected to lead to an increasing number of ophthalmic conditions associated with the screens. The increasing number of ophthalmic complications related to the COVID-19 and deteriorating vision quality due to prolonged mask use are some of the factors expected to boost the growth of advanced ophthalmic diagnostic solutions. COVID-19 related lockdown and restrictions on manufacturing activities mildly impacted the market for automated visual field analyzers during the first and second waves of the pandemic.

The automated visual field analyzer has clear benefits over the manual visual field analyzer in that it delivers more sensitive and accurate findings in a timely manner, and the recording of patient responses can be regulated, resulting in more reliable results. Introduction of automated analyzers and compact portable analyzers is expected to be one of the prominent factors driving the market. For instance, in December 2018, Micro Medical Devices launched its visual field analyzer branded as PalmScan VF200. The device is a battery-powered portable device that allows users to perform screening and complete threshold visual field tests on patients in any setting including an office waiting room, a nursing home, or even the patient's own house.

However, constraints such as the high cost of automated visual field analyzer, a scarcity of ophthalmologists, and increased competition and price pressure among major providers may hinder the market's expansion throughout the projected period. Moreover, the high prevalence of ophthalmic diseases in the major Asia Pacific region is further expected to create high demand for automated visual field analyzers. According to the WHO, three Asian areas alone (containing 51% of the global population) account for 62% of the estimated 216.6 million people worldwide with moderate to severe bilateral exhibiting distance vision impairment: South Asia (61.2 million), East Asia (52.9 million), and South-East Asia (52.9 million) (20.8 million).

Product Insights

The static automated visual field analyzer dominated the market for automated visual field analyzer with around 71.8% share in 2020. The static perimeter is the most preferred method for assessing visual field quality, detecting glaucoma, and monitoring glaucoma-related changes in the visual field.  The outcomes of this exam are strongly influenced by the test taker. For that reason, it is usually done twice, and often three times, in a single session. Furthermore, the effective use of the static perimeter for visual field testing in glaucoma-affected children is expected to stimulate the growth of the segment.

The kinetic visual field analyzer segment is anticipated to exhibit the fastest growth rate of 6.28% during the forecast period. Some of the major advantages of kinetic visual field analyzers include their capacity to catch moving stimuli and provide accurate findings. Its primary benefits are improved spatial resolution, quicker peripheral testing, and even more interaction between the examiner and the patient.

End-use Insights

The hospital segment held the largest revenue share of around 62.9% in 2020. The rising incidence of eye-related conditions and the technological advancements in the automated visual field analyzer are driving the segment growth. The increasing mergers and acquisitions between ophthalmic nonprofit organizations and hospitals are likely to boost demand for new installations in the coming years. Moreover, favorable reimbursement policies in developed countries, and improving healthcare facilities are factors contributing toward segment growth.

The ophthalmic clinic segment is expected to experience the fastest growth rate during the forecast period. The growing patient population with ocular diseases and the expanding need for ophthalmic care are providing an opportunity for ophthalmologists and optometrists to provide individual services. Furthermore, increased access to modern ophthalmology technology in ophthalmic clinics in various underserved countries and growing awareness regarding eye-related disorders, and the contribution of non-profit organizations towards the development of ophthalmic care are projected to add to the growth of the market for automated visual field analyzers.

Regional Insights

North America dominated the automated visual field analyzer market and accounted for the largest revenue share of around 46.6% in 2020. This can be attributable to the presence of many market players in the region and an increase in the prevalence of ophthalmic diseases. High adoption of the latest technologies and favorable reimbursement policies are the factors driving the market for automated visual field analyzers.

In Asia Pacific, the market for automated visual field analyzers is expected to show the fastest growth rate during the forecast period. Fast developing economies coupled with modernizing healthcare services in Southeast Asian countries are expected to drive the market in the region. The overall healthcare services charges in the region are significantly lower as compared to the developed countries. This is encouraging the growth of medical tourism in the region. Thus, boosting the overall procedural volume in these countries. Furthermore, conferences, trade fairs, and seminars for ophthalmic care devices held in Asia Pacific are assisting local businesses in gaining international recognition. This aids in researching the development and launch of advanced solutions in the field of ophthalmology.

Key Companies & Market Share Insights

Major market players are focusing on initiatives such as new product launches, technology upgrades, mergers and acquisitions, and R&D. For instance, in July 2020, Topcon Healthcare acquired the Henson line of perimetry products. The acquired product range also includes Henson 9000 and 7000. In addition, Metrovision is working on a project named INVISIO aims to create new and interesting ways for assessing visual functions by combining photonics, auto stereoscopy, and eye-tracking with applications in pediatric ophthalmology. Some of the prominent players in the automated visual field analyzer market include:

• Carl Zeiss

• Haag-Streit AG

• Elektron Eye Technology

• Heidelberg Engineering

• Kowa Company, Ltd

• Optopol

• OCULUS 

• Metrovision

• MEDA Co., Ltd. 

• Topcon

Automated Visual Field Analyzer Market Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2028. For the purpose of this study, Grand View Research has segmented the global automated visual field analyzer market report on the basis of product, end use, and region:

• Product Outlook (Revenue, USD Million, 2016 - 2028)

  • Static

  • Kinetic

• End-use Outlook (Revenue, USD Million, 2016 - 2028)

  • Hospitals

  • Ophthalmic Clinics

  • Others

• Regional Outlook (Revenue, USD Million, 2016 - 2028)

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

    • France

    • Italy

    • Spain

  • Asia Pacific

    • Japan

    • China

    • India

    • Thailand

    • South Korea

  • Latin America

    • Brazil

    • Mexico

    • Argentina

    • Colombia

  • Middle East and Africa

    • South Africa

    • Saudi Arabia

    • UAE