Market Trends of Pupillometer Industry
Video Pupillometer is Expected to Witness Significant Growth During the Forecast Period
- Video pupillometers are more advanced compared to digital pupillometers. A video pupillometer is favored as it captures the entire pupil dilation procedure with more clarity. The video pupillometer aids in the capture of pupil characteristics and response across time, which is predicted to improve diagnosis. The segment is driven by the rising demand for video pupillometry and technological advancements in pupillometry. The pupillometer helps in the diagnosis of various neurological diseases, such as dementia and brain tumors.
- The availability of several players offering video pupillometers on the market gives other players an enormous opportunity to research and develop technologically advanced video pupillometers. For example, the EyeKinetix, NeuroOptics, IDMED, and others. Further, the technological advances and benefits associated with video pupillometers are expected to increase the use of video pupillometers, which is likely to boost market growth. For instance, according to the study published in Clinical Ophthalmology in February 2023, high-quality infrared video pupillography was successfully captured for light and near pupillary reflexes and video documentation of pupillary examination at the bedside and in the clinic with accurate and reproducible measurements of the pupillary size in light and dark environments. Hence, the effectiveness of video pupillometry is expected to increase the adoption, thereby contributing to market growth.
- Hence, the presence of market players and the adoption of video pupillometry are expected to propel the growth of the segment during the forecast period.
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North America is Expected to Hold a Significant Market Share in the Pupillometer Market During the Forecast Period
- North America is expected to dominate the market due to the presence of a large number of key players offering pupillometers in the region. A rising number of chronic diseases, such as neurological and ophthalmic diseases, is expected to boost the market in the region.
- According to a study published in the Journal of the American College of Emergency Physicians in June 2023, NeurOptics' automated pupillometry and the neurological pupil index (NPi) were unaffected by clinical intoxication. Thus, they can be used for rapidly screening emergency room patients for brain injury or neurological injuries regardless of intoxication.
- Accurate neurological and pupillary assessments are critical for the detection of neurological deterioration in patients with traumatic brain injury (TBI). Hence, the surge in cases of traumatic brain injury in the region is another factor that drives the growth of the market. For instance, according to a StatPearls article published in January 2022, traumatic brain injury affects around 1.7 million people in the United States each year, with adolescents aged 15 to 19 years and adults aged 65 years and older being the most likely to develop TBI. In addition, as per the same source, there are 500 traumatic brain injuries per 100,000 people in the United States each year. Furthermore, pupillometers are employed to check pupil response in patients with retinal diseases such as macular degeneration, diabetic retinopathy, and intraocular tumors. Retinal diseases such as macular degeneration are more prevalent in the geriatric population. For instance, according to the CDC Report in November 2022, glaucoma cases are expected to rise to 6.3 million by 2050 in the United States. Further, the Statistics Canada report published in March 2023 estimated that glaucoma impacted more than 728,000 Canadians in 2022.
- Strategic activities by market players, such as partnerships, mergers, and acquisitions are expected to boost the market’s growth during the forecast period. For instance, in January 2023, Essilor Instruments, a division of EssilorLuxottica and Espansione Group, announced a long-term exclusive partnership in North America for the distribution of ophthalmic instrumentation and expansion into the region.
- Therefore, owing to the aforesaid factors, the market studied is anticipated to grow in North America.
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