Ophthalmic Perimet Market analysis from 2019 to 2023 explored in latest research

Ophthalmic perimeters are used to measure the peripheral and central field of vision of patients to diagnose eye diseases such as glaucoma, cataract, dry eyes, as well as refractive errors. 

The global ophthalmic perimeters market was valued at 9.30 million in 2018 and is expected to grow to 1.67 million by 2023. For market players, this will create an incremental growth opportunity worth .37 million by 2023, which translates to around 23% of the market size in 2018. With limited growth opportunities, gaining market share will be the only path to growth for market participants. 

The global ophthalmic perimeters market is driven by the high demand for static ophthalmic perimeters, which are used to analyze the central field of vision of the eye.The growth momentum will accelerate during 2019-2023. The market size is expected to increase by 8.53% during 2019-2021, the first part of the forecast period. In the second part of the forecast period 2021-2023, the market size is expected to increase by 8.73%. The accelerating growth momentum will be one of the contributing factors moderating the competitive intensity in the market during the forecast period. 

Industry Overview 

End-users such as ophthalmic clinics, physicians’ offices, eye research institutes, hospitals, and diagnostic centers are increasingly opting for refurbished ophthalmic perimeters as they cost lower than the purchased ones. Also, refurbished perimeters are incorporated with advanced features at an affordable cost without compromising on their quality. OEMs partner with market vendors to obtain their licensed software and replace parts to remodel devices. The increasing visits to eye clinics and hospitals because of the rising prevalence of eye conditions will further propel the sales of refurbished ophthalmic perimeters. The availability of refurbished ophthalmic perimeters is one of the key factors that will drive ophthalmic perimeters market growth over the forecast period. 

Key ophthalmic perimeters market trends such as the rising demand for non-invasive procedures to treat eye conditions will also increase the demand for microperimeters. Microperimeters are rapid and non-invasive and are used to directly assess retinal sensitivity and examine the fundus in macular pathology patients. Vendors are continuously improving product features with the incorporation of advanced technologies to improve sales and market visibility. For instance, CenterVue offers maia that is an automated confocal microperimetry device. It measures light sensitivity of the retina over different retinal locations and captures vision images accurately in real-time. As a result of these factors, the market will register a CAGR of over 4% during 2019-2023.