USD 385.5 Million
Report ID:
SQMIG35A2968 |
Region:
Global |
Published Date: November, 2024
Pages:
184
|Tables:
114
|Figures:
72
Pupillometer Market size was valued at USD 385.5 Million in 2023 and is poised to grow from USD 415.18 Million in 2024 to USD 751.64 Million by 2032, growing at a CAGR of 7.7% during the forecast period (2025-2032).
As the name suggests, pupillometer device measures the size and reactivity of the pupil, which is important for examining neurological function and diagnosing different associated conditions. The market is majorly driven by the growing improvements in ophthalmic technology, rising awareness of different neurological disorders, and the increasing cases of glaucoma and traumatic brain injuries. Furthermore, the growing aging population and investments in healthcare are fueling the market growth. Despite these drivers, the market growth is restrained by low awareness and training for the use of pupilometers in clinical practices and the availability of alternative technologies for diagnosis. Yet, the market will witness notable progress backed by opportunities like advancements in technologies like the emergence of smart devices and broader use in clinical settings.
Market snapshot - 2025-2032
Global Market Size
USD 385.5 Million
Largest Segment
Table-Top
Fastest Growth
Hand-Held
Growth Rate
7.7% CAGR
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Global Pupillometer Market is segmented by Mobility, Type, end use, application, and region. Based on Mobility, the market is segmented into Table-top, and Hand-held. Based on Type, the market is segmented into Video, and Digital. Based on end user, the market is segmented into Hospitals, Eye Clinics, Others. Based on application, the market is segmented into Ophthalmology, Neurology, Oncology, Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Based on mobility, the pupillometer market is segmented as table-top and hand-held. The table-top segment held a notable market share in 2023 and is anticipated to lead over the forecast period owing to its accuracy and precision and improved functionality. Table-top pupillometers hold improved features and offer great accuracy as compared to hand-held devices. This increases their preference in diverse clinical settings, where measurements are vital. These devices are embedded with improved software for data analysis and are integrated with EHRs, which improve their utility in specialized clinics and hospitals. These factors are propelling the segment's growth.
The hand-held segment is anticipated to be the fastest-growing segment owing to its convenience and portability. Hand-held pupillometers can be easily transported and are low-weighted, enabling their use in multiple settings like outpatient clinics, emergency rooms, and remote locations. Their compact design helps with easy and fast examinations, making them the most suitable for fast-paced surroundings. These devices are carefully designed with spontaneous interfaces, increasing their accessibility for a broader range of medical experts like the ones with restricted technical skills.
Based on end-use, the market is segmented into hospitals, eye clinics, and others. The hospital segment dominated the market in the past years and is projected to lead in future due to increasing patient volume and availability of comprehensive care. Hospitals witness huge patient pool the demand neurological examination. This ultimately increases the demand for effective and reliable tools like pupillometers. Also, as compared to other settings, hospitals offer broader services, that demand improved diagnostic devices to aid specialties like ophthalmology, neurology, and emergency medicine. Furthermore, hospitals mostly invest in high-tech improvements and infrastructure, allowing the use of modernized pupillometers that offer exhaustive and accurate data.
On the other hand, the eye clinics segment is projected to hold a notable market share in the coming years owing to specialized focus and routine examinations. Eye clinics dedicatedly emphasize ocular health, increasing the importance and the demand of pupillometers for exhaustive eye diagnostics and evaluations. The measurements offered by these devices are vital for diagnosing cataracts, glaucoma, and other eye disorders, impacting the demand in eye clinics. Moreover, these settings are early adopters of modernized diagnostic technologies, preferring advanced technology for better patient outcomes and care.
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Region-wise, North America is the dominating region among others and is expected to lead over the forecast period owing to the improved healthcare infrastructure and growing cases of neurological disorders. North America brags about its well-developed healthcare infrastructure with easy access to superior healthcare technologies and services. This boosts the adoption of pupillometers in the region, impacting regional growth. The region also reports increased cases of neurological disorders and eye diseases, which demands advanced diagnostic tools in clinics. Furthermore, major investments in research and development by public and private sectors are encouraging the emergence of more advanced diagnostic devices. The leading players in the region include MediVision, iCare, Nidek Co., Ltd., Neuroptics, Inc., Canon Medical Systems, Optovue, Inc., and more.
Europe is the fastest-growing region in the global pupillometer market due to the rising prevalence of neurological and eye disorders and the presence of strong healthcare systems. Most European countries are well-developed with improved healthcare infrastructure and exhaustive health programs. This streamlines the adoption of better diagnostic tools. Moreover, the rising cases of disorders that demand pupillometers examinations are spurring the demand in clinical settings. Also, Europe is a hub for the leading medical device companies and several research institutes, fostering development and modernization of improved pupillometers.
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Increasing Demand in Optometry and Ophthalmology
Growing Technological Advancements
Data Privacy and Security Concerns
Inadequate Training and Low Awareness
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The global pupillometer market is a highly competitive global market driven by many international competitors. Prominent corporations with cutting-edge AI and ML technology are Google, IBM, Microsoft, and NVIDIA. To support a wide range of applications across industries, these industry experts concentrate on creating cutting-edge algorithms, scalable platforms, and reliable infrastructure. Rapid advances in technology, strategic alliances, and large expenditures on research and development define the competitive environment.
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the pupillometer market is witnessing considerable growth due to the growing incidences of neurological disorders, expansion of healthcare infrastructure, and research and development initiatives. The market is also propelled by the regulatory approvals and guidelines. However, the market is restrained by economic factors like insurance limitations and the rise of competing technologies. North America is anticipated to lead the market owing to the improved healthcare infrastructure, growing number of R&D activities, and regulatory support. Nonetheless, some opportunities for the growth of the market include the growing elderly population, collaborations and partnerships, and educational initiatives.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 385.5 Million |
Market size value in 2032 | USD 751.64 Million |
Growth Rate | 7.7% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Million |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Pupillometer Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Pupillometer Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Pupillometer Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Pupillometer Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
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