The global Pupillometer market demand is expected to see abundant growth prospects over the projected period, with a total CAGR of roughly 7.7% from 2023 to 2033. The Pupillometer is currently anticipated to be worth roughly US$ 385.56 Million in 2023. The Pupillometer market is expected to reach a peak of US$ 809.56 million by 2033. The latter is thought to be superior when comparing digital and video Pupillometers. These methods are effective at capturing a wide range of pupillary responses. Furthermore, the video Pupillometer records bilateral pupil responses to monocular visual stimuli using infrared high-definition video cameras.
Furthermore, these Pupillometers can record both spontaneous and evoked pupillary light reactions simultaneously. Another important factor driving greater interest in video automatic Pupillometers is their recent regulatory approval. As a result, numerous notable Pupillometer manufacturers are adding cutting-edge technology such as an LED light source, a high-precision infrared camera, and a powerful computer. As a result of the increasing demand caused by these qualities, the market expands.
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In addition, video Pupillometers are faster and more convenient than digital Pupillometers. Automatic Pupillometers eliminate the possibility of human mistake that might come with manual methods. As a result, there is an increase in demand for video Pupillometers, which propels market expansion. As a result of these advantages, these devices are frequently employed in clinical practise.
Key Takeaways
- As the Pupillometer market expands, so does the use of computers and the internet in the invention of new products. Pupilometers provide user-friendly features such as binocular and monocular measurements, as well as the X81705’s infinite vision distance setting, which is both entirely manually adjustable. The X81705 also offers automated off/on capabilities and digital readouts with a resolution of 0.5 nm.
- The automated Pupillometer market is growing as more people seek alternatives to the traditional method of pupil measuring due to safety concerns. According to a 2016 study published in the American Journal of Critical Care, neurological nurses and critical care providers are constantly underestimating pupil size and measuring pupil reactivity incorrectly, leading the authors to conclude that the use of an automated Pupillometer medical device is a necessary tool for more effective and timely diagnostics.
- The considerable increase in global prevalence of eye disorders is driving increasing demand for Pupillometers. According to a 2017 study by the International Council of Ophthalmology, the number of people with moderate or severe visual impairment is expected to rise from 217 million to over 588 million by 2050.
- Pupilometers are in high demand for a variety of disorders, including ophthalmic-related illnesses induced by continuous use of digital electronics such as TVs, smartphones and tablets, laptops, video games, and PCs. While demand for Pupillometers continues to rise, market growth is being stifled by a shortage of trained personnel to operate cutting-edge devices.
- Over the forecast period, the global Pupillometer market is expected to grow due to a dramatic increase in the incidence of neurological diseases. As a result of technical advancements, a new generation of Pupillometers has emerged, as have advanced medical equipment. Pupillometers are responsible for improving diagnostic accuracy and assisting doctors in identifying brain problems. With such attributes, the global Pupillometer market is predicted to exhibit abundant growth potential.
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Competitive Landscape
There are numerous international and domestic players within the Pupillometer industry which are making the market fiercely competitive. In order to maintain a competitive edge over the global Pupillometer market and expand product offerings, key market players are implementing market strategies like the introduction of new, ground-breaking items as well as mergers, collaborations, and acquisitions.
Key Players
NeurOptics Inc., Essilor Group (Essilor Instruments), Visionix, US Ophthalmic., NIDEK SA, HAAG-STREIT GROUP, Reichert Inc., Konan Medical USA Inc., Good-Lite Company, Grobet USA
More Insights into the Pupillometer Market
North America is anticipated to dominate the global Pupillometer market as it accounted for over 26.3% of the global revenue. The growth of the region is attributed to the region’s largest population and high incidence of neurological and eye illnesses. Pupillometry’s widespread applicability in the United States is another factor that should boost sales.
Europe is expected to surge with a lucrative growth opportunity with an 8.8% of CAGR between 2023 to 2033. Growth of the region is surging in Europe due to the rising prevalence of neurological illnesses, the Pupillometer is finding more and more uses. In addition to that, technical advancements have led to the creation of a Pupillometer for the next generation, which is more advanced than the medical devices of the past.
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Key Segments in the Pupillometer Market
By Mobility:
- Table-top
- Hand-held
By Type:
- Video
- Digital
By End-use:
- Hospitals
- Eye Clinics
- Others
By Application:
- Ophthalmology
- Neurology
- Oncology
- Others
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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