Ophthalmic Perimeters Market Size, Share & Trends Analysis Report By Product (Static, Kinetic, Combination), By End-use (Hospital, Ophthalmic Clinic), By Region (North America, Europe, APAC, Latin America, MEA), And Segment Forecasts, 2021 - 2028

Report Overview

The global ophthalmic perimeters market size to be valued at USD 371.7 million by 2028 and is expected to grow at a compound annual growth rate (CAGR) of 4.3% during the forecast period. The growing prevalence of ophthalmic conditions such as glaucoma and cataract is expected to drive the overall market growth. Moreover, an increasing number of product launches in the market is also expected to boost the market growth.

End-users such as hospitals and ophthalmic clinics including non-profit organizations are expanding their presence in rural areas especially in Asia and Africa region. Such strategic initiatives are expected to expand the reach of modern ophthalmic care and hence are expected to propel market growth.

The Covid-19 pandemic that is caused by SARS-CoV-2 had multiple repercussions of unprecedented levels. The infection ranges from asymptomatic to mild to life-threatening conditions. This virus can affect all the organs in the human body. Ophthalmologists across the globe were reporting many indications of eye infection. This data was further used to help the professionals understand the possible symptoms and the stage of this viral disease when the eye infections probably occur. Various literature searches were conducted for ophthalmic manifestation for Covid-19 during 2020 and early 2021. These kinds of literature include 46 case reports, 8 case series, 11 observational studies, 5 interventional studies, 3 animal models’ studies, and 6 meta-analyses.

Conjunctivitis was identified as the most common ophthalmic condition which may develop at any point during Covid-19 infection. The ophthalmologists should ask for relevant patient history, look for specific symptoms, and advise appropriate diagnostic tests and then lessen the infection spread and initiate early treatment to minimize the effect of life and vision-threatening conditions.

The occurrence of few ophthalmic conditions along with Covid infection resulted in maintaining the market size throughout the pandemic. The growth rate is also not affected and is supposed to be lucrative over the forecast period.

The expansion of non-profit organizations and the introduction of ambulatory care centers are major factors boosting the demand for ophthalmic perimeters. Growing competition in the ophthalmic care service industry is expected to fuel the demand for technologically advanced perimetry systems during the forecast period.

Technological advancements in perimetry systems include high-quality displays, development of image processing and analysis software, and simplification of operations. Moreover, the introduction of advanced perimeters at competitive prices is expected to fuel the rate of replacement of old perimeters.

Manufacturers of the ophthalmic perimeters are conducting perimetry courses to enable users to learn swift usage of the device. These courses also incorporate workshops to provide hands-on experience to the users. Apart from conducting courses for perimetry, manufacturers are also participating in medical trade shows, conferences, and medical exhibitions to showcase products such as ophthalmic perimeters. Such initiatives by the manufacturers are expected to impact customer loyalty and boost the adoption of the advanced device.

Ophthalmic Perimeters Market Trends

The resolution provided by the ophthalmic perimeter makes it very easy to capture a huge damaged region in a short period of time owing to the availability of combined equipment in the market that can detect peripheral flaws and favor the market growth. The presence of static perimeters, that aid in the treatment of glaucoma-like diseases in youngsters by anchoring them to a static surface, is also propelling the market forward.

Increased geriatric population; the growing number of eye diseases such as cataract, glaucoma, and macular degeneration; increased demand for these devices; and increased investment in innovative activities by different healthcare organizations to develop innovative perimeter devices are the major factors driving the market. Furthermore, rising awareness about healthcare to reduce the risk of ocular illnesses, along with necessary steps taken by manufacturers for the development and manufacturing of ophthalmic peripherals, are driving the market forward.

The high treatment cost is a major reason limiting the market growth. In both developing and developed economies, a lack of professional and medical skills is expected to hinder market expansion. Unfavorable reimbursement rules, particularly in developing markets are impeding the market growth.

The market is expected to rise due to an increase in the usage of ophthalmic perimeters in ophthalmology clinics and hospitals, as well as technological developments in ophthalmic perimeter devices. Moreover, during the projected period, high development potential in the market is expected to provide attractive opportunities for market expansion.

Product Insights

The static perimeter segment dominated the market for ophthalmic perimeters and held the largest revenue share of 37.2% in 2020. The segment is expected to witness moderate growth during the forecast period. Effective usage of the static perimeter for visual field tests in children with glaucoma is expected to drive the segment growth. Moreover, these are easily available for performing vision tests in people with glaucoma and macular diseases.

The combination ophthalmic perimeters segment is expected to witness the fastest CAGR of 4.5% over the forecast period. These combined devices help in the examination of peripheral defects due to their feature of high resolution, which can capture large affected areas. Moreover, these devices provide accurate results in minimum time, which is expected to boost its adoption rate.

The kinetic perimeter segment is expected to experience significant growth during the forecast period. The main factor driving its growth is its capability to capture moving stimuli and hence providing accurate results. Moreover, its high spatial resolution makes it fast for capturing advanced scotoma.

End-use Insights

The hospitals segment dominated the market and held the largest revenue share of 42.0% in 2020. An increasing number of hospitals in developing countries and increasing competition in healthcare service providers are expected to boost the demand for advanced ophthalmic perimeters during the forecast period. Moreover, growing mergers and acquisitions between the ophthalmology non-profit organization and hospitals and growing trends of ambulatory care centers are the factors expected to fuel the number of new installations in the upcoming years.

The growing prevalence of age and lifestyle associated with eye conditions and the increasing number of ophthalmologists in developing countries are factors expected to fuel the number of ophthalmic clinics. This, in turn, is expected to drive the segment. Moreover, many hospitals are also developing integrated ophthalmic centers for various procedures such as visual field analysis.

Charitable and non-profit organizations, research institutes, laboratories, and ophthalmic associations/societies have been focusing to expand their services in remote areas. Some of these non-profit organizations include:

• Optometry Cares - The AOA Foundation

• American Academy of Optometry Foundation

• The Low Vision Center

• SEE International

• World Blind Union

• Rotarian Action Group for Blindness Prevention

• Vision Aware

Regional Insights

North America dominated the market and held the largest revenue share of 35.9% in 2020 owing to the high adoption rate of technologically advanced medical devices and increasing demand for accurate devices. Moreover, the presence of global as well as local manufacturers and suppliers in the region is also expected to propel the overall market growth.

In Asia Pacific, the market is also anticipated to witness the fastest growth during the forecast period. Rapidly developing economies and improving healthcare services in SEA, China, and India. Moreover, the presence of local vendors such as Optitech Eyecare, Medmont International, and other players offering advanced devices at competitive pricing is expected to drive the market during the forecast period. A significant number of these players export perimeters to countries in the Middle East and Africa, boosting the market growth. In addition, conferences and trade shows conducted in Asia Pacific region for ophthalmic care devices are also helping local market players get international platforms.

Key Companies & Market Share insights

These players are focusing on growth strategies such as frequent new product launches, innovations in the existing product, and mergers and acquisitions. For instance, in October 2018, Konan Medical acquired objectiveFIELD from the Australian National University. objectiveFIELD is designed for testing both eyes simultaneously. This would help in saving significant time. The device can be used effectively in the diagnosis of ophthalmic as well as other conditions including macular degeneration, diabetic retinopathy, glaucoma, epilepsy, multiple sclerosis, migraine, concussion, and other neuro-vision conditions.

Recent Developments

• In May 2022, Takagi Seiko, a manufacturer of eye care devices launched the 2ZL BG Lamp microscope and Flat Base for OM-6. It is considered to be an important element of medical services as it provides an explanation of the conditions besides capturing the image.

• In July 2020, Topcon Healthcare announced the acquisition of the perimeter business of the Henson, a subsidiary of U.K.-based Elektron Eye Technology (EET).  This acquisition is aimed to provide Topcon with opportunities to develop its product portfolio of the company.

• In October 2020, Takagi Seiko, a manufacturer of eye care devices announced an alliance of capital and business with MITAS Medical Inc.,a provider of remote ophthalmic diagnosis services. The alliance aims to provide the services to the areas not possible earlier.

Some of the prominent players in the ophthalmic perimeters market include:

• 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.

Ophthalmic Perimeters Market Report Scope

Global Ophthalmic Perimeters Market Segmentation

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 ophthalmic perimeters market report on the basis of product, end-use, and region.

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

  • Static

  • Kinetic

  • Combination

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

  • Hospital

  • Ophthalmic Clinic

  • Others

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

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • U.K.

    • France

    • Italy

    • Spain

  • Asia Pacific

    • China

    • Japan

    • India

    • Thailand

    • South Korea

  • Latin America

    • Brazil

    • Mexico

    • Argentina

    • Colombia

  • Middle East & Africa

    • South Africa

    • Saudi Arabia

    • UAE