PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1304647
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1304647
Pupillometer Market size was valued at USD 388.9 Million in 2022, expanding at a CAGR of 7.8% from 2023 to 2030.
The Pupillometer is a device used for measuring the size of pupils, the dark center of the eye. It is a non-invasive tool that uses light to measure changes in pupil size, providing valuable information about the function of the autonomic nervous system, which controls involuntary actions such as the dilation and constriction of the pupils. The primary use of the Pupillometer is in assessing the function of the autonomic nervous system, which is responsible for controlling vital functions such as heart rate, blood pressure, respiration, and pupil size. It is a safe and non-invasive procedure that can be performed on patients of all ages. However, conditions such as cataracts, corneal opacity, and iris abnormalities can affect the accuracy of measurements. A major advance in Pupillometer technology is the use of infrared light instead of visible light. Infrared light is less likely to cause a reflective response in the pupil, which facilitates the measurement of changes in pupil size and reactivity.
The growing global incidence of eye problems is also fueling demand for pupilometers. As the population ages, the number of Americans suffering from major ocular diseases is increasing, and vision loss is becoming a major public health problem. By 2020, the number of people with low vision or blindness is expected to increase significantly. Pupil responses can be tested physiologically and pharmacologically. According to the national eye institute, USD139 billion is the estimated annual economic burden of vision loss and eye diseases and vision disorders in the U.S. Early detection and treatment of glaucoma. Though, glaucoma is often diagnosed at an advanced stage, particularly in some low- and middle-income countries, where as many as 50% of patients are already blind in one eye at presentation. However, the high costs of pupillometers are anticipated to hamper the market growth. In addition, increased research and developments in the area of pupillometers will increase opportunities for the world Pupillometer market by the forecast period.
The Global Pupillometer Market is segmented on the basis of Product Type, End User, Application, and Region.
The market is divided into two categories based on product type: Video and Digital. The Video Pupillometer segment dominates the market growth. Pupillometer in clinical investigation and in basic research often requires dynamic measurement of pupil size. An improved infrared video Pupillometer (IVP) accurately measures the pupil area of small animals in real-time (30 samples/sec). Some of these video pupillometers are hand-held whereas some are tabletops. These devices store data of the pupil measurement which can later be played or recalled on a screen.
The market is divided into three categories based on End-user: Hospitals, Eye Clinics, and Others. The Hospitals sector dominates the market and is likely to maintain its dominance during the forecast period. Hospitals that specialize in neurology, neurosurgery, ophthalmology, or critical care are more likely to have dedicated pupilometer equipment and expertise.
The market is divided into three categories based on Application: Ophthalmology, Neurology, Oncology and Others. The ophthalmology segment dominates the market growth. Pupillometry using pupillometers enhances the accuracy, objectivity, and consistency of pupil assessment in ophthalmology. It assists ophthalmologists in diagnosing eye problems, monitoring disease progression, assessing treatment responses, and optimizing surgical outcomes.
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business. North America is expected to dominate the growth Pupillometer Market, owing to the increasing prevalence of vision-related problems and neurological disorders. The leading causes of blindness and low vision in the United States are primarily age-related eye diseases such as age-related macular degeneration, cataract, diabetic retinopathy, and glaucoma. Other common eye disorders include amblyopia and strabismus. According to the center for disease control and Prevention, an estimated 20.5 million (17.2%) Americans aged 40 years and older have a cataract in one or both eyes. and also 6.1 million (5.1%) have had their lens removed operatively. The total number of people who have cataracts is estimated to increase to 30.1 million by 2020. The Asia Pacific and Europe are expected to dominate the market growth in the forecast period. The presence of major market players, ongoing research and development activities, and a high prevalence of eye disorders contribute to the growth of the Pupillometer market in this region. Overall, the Pupillometer market is expected to experience significant growth in all regions.
Due to the continued development in demand for Pupillometers in the coming years, the worldwide market for Pupillometers is made of both international and local producers, making it one of the most competitive sectors in the world. Some of the primary techniques used by corporations to strengthen their reach and expand their market share include new product launches, distribution network development, R&D spending, and mergers and acquisitions. For instance, on 28-Sept-2021, NeurOptics, the worldwide leader in the science of pupilometer, launched in the United States its NPi-300, a next-generation automated pupillometer that enhances pupillary assessment to assist in detecting cerebral insult, guiding treatment, and informing prognosis for clinicians and their patients.
April 21, 2023 - Johnson & Johnson Vision*, a global leader in eye health and a Johnson & Johnson MedTech Company, announced that it will present 30 sets of research spanning the spectrum of eye health including myopia, refractive technology, sphere, intraocular lenses, astigmatism, consumer eye health, and vision science at the Association for Research in Vision and Ophthalmology (ARVO) 2023 Live and Virtual Annual Meeting
This proposed research study on Pupillometer market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2023-2030), considering 2022 as the base year
The report provides the client the latest up-to-date and trending insights about the Pupillometer market.
The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for Pupillometer market
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the Pupillometer market
Impact of COVID-19 on Pupillometer market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on Pupillometer market post-COVID will also be covered.
In order to give the users of this report a comprehensive view on the Pupillometer market, we have also included competitive landscape and key innovator analysis for the Pupillometer market.
The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
The report offers detailed company profiling featuring major market participants which will help users to understand their financial information and strategic initiatives of players operating in the Pupillometer market.
In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new launch, research & development, regional expansion of major participants involved in the market on global as well as regional level.
The global Pupillometer market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
The scope of this report covers the market by its major segments, which include as follows: