Global Automated Visual Field Analyzer Market by End Use (Hospitals, Ophthalmic Clinics), by Product (Static, Kinetic) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global automated visual field analyzer market was valued at USD 166.7 million in 2020. It is expected to grow at 6.0% compound annual growth rate (CAGR), between 2021 and 2028. By assessing the visual fields of the eyes, the automated visual field is vital in the detection and prevention of ocular disease. Most eye conditions are linked to aging. Market growth has been fueled by an increase in the number of eye conditions such as glaucoma and cataracts, and a growing elderly population. The introduction of a highly-technical automated visual field analyzer to diagnose these conditions has also aided. Between 2020 (76 million), and 2030 (95.4 millions), the number of people suffering from glaucoma, an age-related eye condition, is expected to rise 1.3 times.

The global population has seen a dramatic increase in screen time since the COVID-19 virus was introduced. The increased use of screens is expected to increase the number of eye conditions. Advanced ophthalmic diagnostic tools are expected to grow due to increasing ophthalmic complications caused by COVID-19, and worsening vision quality from prolonged mask use. The market for automated visual fields analyzers was slightly affected by the COVID-19-related lockdown and restrictions on manufacturing activities during the first and second wave of the pandemic.

The automated visual field analyser offers clear advantages over the manual one. It delivers more accurate and sensitive results in a shorter time frame. Patient responses can also be recorded, which allows for more reliable results. The market will be driven by the introduction of portable and small-sized automated analyzers. Micro Medical Devices' visual field analyzer, the PalmScan V200, was launched in December 2018. This battery-powered, portable device allows you to screen and perform threshold visual field tests on patients anywhere, including in an office waiting area, nursing home or patient's house.

The market may be limited by high costs of automated visual field analyzers, scarcity of ophthalmologists and increased competition among major providers. These factors, along with price pressure and price pressure, could hinder its expansion over the forecast period. A high number of ophthalmic conditions in major Asia Pacific regions is expected to increase demand for automated vision field analyzers. The WHO estimates that 62% of the 216.6 million individuals with severe bilateral or nearsightedness worldwide are from three Asian regions (containing 51% of the total population). These areas include South Asia (61.2 millions), East Asia (52.9million), and South-East Asia (52.9million) (20.8 million).

Product Insights

With a share of around 71.8% in 2020, the static automated visual fields analyzer was the dominant market. The static perimeter is the best method to assess visual field quality and detect glaucoma. It can also be used to monitor glaucoma-related changes within the visual field. The test taker has a significant influence on the outcome of this exam. It is often done twice or three times in one session. The effective use of the static perimeter to test visual field in children with glaucoma is expected to encourage the growth of this segment.

The fastest expected growth rate for the kinetic visual field analyser segment will be 6.28% over the forecast period. The kinetic visual field analysers have the ability to detect moving stimuli and provide precise findings. It offers many benefits, including improved spatial resolution, faster peripheral testing, and more interaction between the examiners and patients.

End-use Insights

In 2020, the hospital segment accounted for the highest revenue share at 62.9%. Segment growth is being driven by the rising incidence of eye-related diseases and technological advances in the automated visual field analyzer. In the next few years, there will be a rise in demand for new installations due to increasing mergers and acquisitions of ophthalmic non-profit organizations and hospitals. Segment growth is also supported by favorable reimbursement policies in developed nations and improved healthcare facilities.

The fastest expected growth rate for the ophthalmic clinic segment will be during the forecast period. Optometrists and ophthalmologists have the opportunity to offer individual services due to an increasing number of patients with ocular disease and growing demand for care. The market for automated visual field analyzers is expected to grow due to increased accessibility to modern ophthalmology technology at ophthalmic clinics across various countries.

Regional Insights

North America was the dominant market for automated visual field analyzers in 2020, accounting for 46.6% of the total revenue. This is due to the existence of many market players and the increase in the incidence of ophthalmic disease. Market for automated visual field analyzers is driven by favorable reimbursement policies and high adoption of the latest technologies.

The fastest growing market for automated visual fields analyzers in Asia Pacific is anticipated to be during the forecast period. The market is expected to grow due to the rapid development of the region and modernizing healthcare services in Southeast Asian nations. Healthcare services costs in the region are much lower than those of developed countries. This encourages the growth of healthcare tourism in this region. This has resulted in an increase in the country's overall procedural volume. In Asia Pacific, seminars, trade fairs and conferences for ophthalmic devices are helping local businesses gain international recognition. This helps in research and the launch of innovative solutions in the field.

Market Share Insights & Key Companies

Market leaders are now focusing their efforts on new product launches, technology upgrades and mergers and acquisitions. Topcon Healthcare purchased the Henson line perimetry products in July 2020. Henson 9000, 7000 and 7000 are also included in the acquired product line. Metrovision is also working on INVISIO, a project that combines photonics, stereoscopy and eye-tracking with pediatric ophthalmology to create new ways of assessing visual functions. The market leader in automated visual field analyzers is:

• Carl Zeiss

• Haag-Streit AG

• Elektron Eye Technology

• Heidelberg Engineering

• Kowa Company, Ltd

• Optopol

• OCULUS

• Metrovision

• MEDA Co., Ltd.

• Topcon

Up Market Research published a new report titled “Automated Visual Field Analyzer Market research report which is segmented by End Use (Hospitals, Ophthalmic Clinics), by Product (Static, Kinetic), By Players/Companies MEDA Co Ltd , Kowa Company Ltd, Topcon, Elektron Eye Technology, Carl Zeiss, Metrovision, Heidelberg Engineering, Haag-Streit AG, OCULUS , Optopol”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Automated Visual Field Analyzer Market Report Segments:

The market is segmented by End Use (Hospitals, Ophthalmic Clinics), by Product (Static, Kinetic).

Automated Visual Field Analyzer Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Automated Visual Field Analyzer Market

Overview of the regional outlook of the Automated Visual Field Analyzer Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Automated Visual Field Analyzer Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Automated Visual Field Analyzer Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Hospitals

                2. Ophthalmic Clinics

                1. Static

                2. Kinetic

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Automated Visual Field Analyzer Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Automated Visual Field Analyzer Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.