LOS ANGELES, Aug. 06, 2019 (GLOBE NEWSWIRE) -- The global ophthalmic perimeters market size is estimated to rake around US$ 350 million by 2026 and expected to grow at CAGR above 4% over the forecast time frame 2019 to 2026.
The growing frequency of fresh item releases and the growing amount of strategic partnerships among competitors and end consumers are some of the main development variables.
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In North America the ophthalmic perimeter industry is expected to dominate during the forecast period due to increasing lifestyle and eye circumstances, such as glaucoma and cataract. Increased demand for sophisticated early diagnosis technologies, elevated level of acceptance for sophisticated technology and favourable reimbursement scenarios are some of the main drivers of the industry in the region.
North America is home to a large amount of ophthalmic perimeter producers. These games emphasize the development of user-friendly ophthalmic instruments by creating software for image processing. Moreover, lectures and coaching programs are conducted by main participants. Such projects should increase general development. As a result of elevated rivalry, the industry is seeing an increasing number of technologically sophisticated ophthalmic perimeter instruments on the market. The development of a proprietary, tablet-based visual field test and analytical scheme is expected to make the diagnosis easier, quicker and more precise.
The development of the worldwide ophthalmic perimeters industry is driven by an increase of the Geriatric population with decreasing sight and increased eye issues linked to ancient era such as glaucoma, cataract and other ophthalmic complications. According to WHO information released in 2013, approximately 82 percent of the world's population 50 years or older is blind. According to the American Academy of Ophthalmology, in 2014 a total of 64,3 million individuals aged 40 to 80 suffered from glaucoma and it is anticipated to reach 76 million by 2020. Advances in technology, knowledge of eyes and illnesses among individuals and public efforts to detect and treat eye diseases are other variables pushing the worldwide ophthalmic perimeters industry. The absence of qualified ophthalmologists and the elevated price of products, however, hamper the development of the worldwide industry in ophthalmia.
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Key Findings
Due to its comprehensive use in the capture of big information points for visual field trials, the static perimeter section retained the highest proportion for 2018. These systems also perform multi-angle visual field testing, which in turn assists with the precise treatment.
The section of combination perimeters is anticipated to develop as rapidly during the forecast period. These systems allow procedural standardization and reduce general turnaround time.
The hospital retained the biggest proportion of the end-use section. In clinics, high demand for sophisticated ophthalmic perimeters drives the development of the sector.
Ophthalmic clinics are anticipated to grow most rapidly during the forecast period. The sector is driven by a growing amount of independent ophthalmic hospitals in emerging areas.
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Key Players & Strategies
The key players operating in the market include Topcon Corporation; Haag-Streit AG; Takagi Seiko Co., Ltd.; Heidelberg Engineering GmbH; Optopol Technology Sp. z o.o.; Nidek Co., Ltd.; Kowa Company, Ltd.; Konan Medical USA, Inc.; Metrovision; and Centervue S.P.A.. Major competitors are concentrating on fresh brand launches, purchases, developments in current products and techniques and other policies to grow and reinforce their business. The most important strategic inferences were technological partnerships, mergers & acquisitions, inorganic growing companies and product range, followed by main competitors in the sector.
These competitors concentrate on development policies, such as fresh brand launch, technologies and mergers and purchases in current products. For example, Konan Medical purchased objective FIELD from Australian National University in October 2018, intended to concurrently test the two eyes. This operation saves considerable time. The instrument can efficiently be used to diagnose eye degeneration, macular degeneration, diabetic retinopathy, glaucoma, epilepsy, multiple sclerosis, migraine, concussions, and various circumstances of neurovision.
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