November 26, 2020
According to the report titled ‘Global Pupillometer Market Size study, by Type (Video, Digital), by Mobility (Table-top, Hand-held), by Application (Ophthalmology, Oncology, Neurology, Others), by End-User (Hospitals, Eye Clinics, Others) and Regional Forecasts 2020-2027’, available with Market Study Report, global pupillometer market was worth USD 363 million in 2019 and is anticipated to record a 5.2% CAGR during 2020-2027.
Growing adoption of information technology (IT) in new product development, rising cognizance regarding eye diseases, and increasing pervasiveness of neurological disorders like Parkinson’s disease are the key factors driving the growth of global pupillometer market. According to the Global Burden of Disease report, 6.2 million cases of Parkinson’s disease were recorded worldwide in 2015, and the number is expected to hit around 13 million by the year 2040.
For those uninitiated, pupillometer is a device for ocular checking used in ophthalmology and critical care medicine in order to measure the distance between pupils and pupil reactivity. In general, pupil assessment is focused on collecting pupil information that can be used as basis of future medical intervention and patient management. The variance in the assessment indicates nerve damage from drug use, trauma, and/or injuries.
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Non-invasive nature of the diagnosis and safe assessment procedure are propelling the growth of global pupillometer market. On the downside, lack of skilled professionals and hefty cost of the device are likely to restrain the industry growth over the study period.
Based on type, global pupillometer industry is divided into digital, and video. Speaking of mobility type, the industry is bifurcated into hand-held, and table-top. As per application spectrum, the market is categorized into neurology, oncology, ophthalmology, and others. Moving on to end-user scope, the industry is split into eye clinics, hospitals, and others.
Citing the regional landscape, worldwide pupillometer market sphere is segmented into Asia Pacific, Europe, Latin America, North America, and Rest of the World. The report claims that North America currently holds considerable market share and is slated to grow substantially over the estimated timeframe, owing to increasing pervasiveness of neurological disorders and vision-related health issues, along with presence of major contenders in the region.
Meanwhile, Asia Pacific pupillometer industry is anticipated to register a decent growth through 2027, on account of rising cognizance about ophthalmic diseases, and enhancing healthcare infrastructure in developing countries like India and China.
Major contenders impacting global pupillometer market dynamics are Konan Medical USA Inc., Schwind eye tech solutions GmbH, Reichert Technologies, Nidek Inc., Luneau Technology Group, Johnson & Johnson Vision, Haag-Streit Group, Essilor Instruments USA, Adaptica S.R.L., and NeurOptics Inc.