Automated Visual Field Analyzer Market: Overview
The ocular diseases are prevented and can be easily detected with the help of tools in the automated visual field. It is possible with the assessment of human eyes in terms of the visual field. Aging is a primary factor that is responsible for most eye diseases across the globe. A rapid increase in ocular disorders, for example, diabetes retinopathy, cataract, glaucoma, and others are helping the automated visual field analyzer market to grow. Further, technological advancements also help in the automated field analyzer market to grow rapidly.
The outbreak of COVID-19 has been a significant factor globally. In order to maintain social distancing, the government has imposed a lockdown to prevent infections. Further, it has forced people to stay at home, which has resulted in increased screen time globally. So, it is further expected to increase ophthalmic patients numbers. The rising number of complications associated with ophthalmic due to COVID-19, and depreciated quality of vision because of prolonged use of mask further bolster growth in the automated visual field analyzer market.
Automated Visual Field Analyzer Market: Key Trends
The automated visual field analyzer contains an upper hand compared to a manual visual field analyzer. The automated analyzers deliver more accurate and sensitive findings timely. Even it regulates the recording of the patients responses, which results in a more reliable result. The introduction of compact portable analyzers and automated analyzers are further anticipated to serve as prominent driving factors in the automated visual field analyzer market.
Among other segments, the hospital segment shares the largest revenue portion in the automated visual field analyzer market. Further, hospitals and non-profit organizations are opting for market strategies such as mergers and acquisitions that are expected to create lucrative opportunities in the automated visual field analyzer market. Moreover, improvements in the healthcare facilities and favorable reimbursement policies designed in the developed economies also contribute in the automated visual field analyzer market growth.
The COVID-19 restrictions and lockdown have mildly impacted the manufacturing activities in the automated visual field analyzer market during the first and second pandemic waves. Further, there are certain constraints such as scarcity of ophthalmologists, price pressure, increased competition, and high cost that are hindering growth in the automated visual field analyzer market. But the increasing number of ophthalmic diseases in the Asia Pacific region will boost growth in the automated visual field analyzer market.
Automated Visual Field Analyzer Market: Competitive Dynamics and Key Developments
The players in the automated visual field analyzer market are concentrating on different initiatives such as R&D, mergers and acquisitions, technology upgrades, and new product launches for the industry growth. For example, Topcon Healthcare has acquired the Henson line in July 2020. This acquisition has taken place for perimetry products. Further, Metrovision has undertaken a project named INVISIO. The aim is to create interesting and new ways to assess visual functions with a combination of eye-tracking, auto stereoscopy, and photonics with pediatric ophthalmology applications.
Some of the prominent industry players in the automated visual field analyzer market include:
Automated Visual Field Analyzer Market: Regional Assessment
North America holds a major portion of the market and accounts for the largest revenue share in the automated visual field analyzers market. It is possible with the presence of a variety of market players in this region. Further, the increasing ophthalmic diseases are also creating opportunities in the automated visual field analyzers market.
Asian Pacific market is anticipated to show rapid growth compared to other regions. The modernizing healthcare facilities along with fast developing market economies are also boosting growth in the Southeast Asian countries in the region. The overall medical expenses in the Asian Pacific region are comparatively lower as compared to other developed countries across the world. Further, it paves the way to the growth in medical tourism in this region. So, these countries experience rapid growth in the overall procedural volume with the help of these factors.
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