The synoptophore market is projected to register a CAGR of around 4% during the forecast period.
The emergence of the COVID-19 pandemic has caused healthcare services to lead to a reduction in eye care activities. This is because the examination procedures related to ophthalmology involve close interactions with the patient which increases the risk of infection. As per a March 2020 article by the American Academy of Ophthalmology (AAO), during the COVID-19 outbreak, the AAO recommended ophthalmologists to cease providing non-urgent care. In addition, as per a 2020 membership survey of 416 members, conducted by the American Association of Pediatric Ophthalmology and Strabismus (AAPOS), devastating and potential impacts were observed on pediatric ophthalmology practices.
The studied market growth can be largely attributed to the increasing incidences of visual acuity disorders, growing awareness pertaining to the early diagnosis of visual acuity disorders, and rising demand for non-invasive processes. These factors are majorly contributing to the rising demand for synoptophore devices in healthcare facilities.
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Increasing incidences of visual acuity disorders is contributing to the rising demand for synoptophore. Visual acuity is defined as the sharpness or clarity of vision. The loss of visual acuity occurs in patients suffering from amblyopia, strabismus, under corrected refractive disorders and other convergent disorders. Increase in multiple risk factors such as stroke and traumatic head injury is associated with visual acuity disorders. Synoptophore devices are considered reliable for correction of such disorders. As per the 2019 statistics by the National Eye Institute (NEI), between 4% and 17% of people suffer from convergence insufficiency (CI) disorder. Moreover, young and adult population is more prone to visual acuity disorders. For instance, as per the 2020 statistics by the American Association for Pediatric Ophthalmology and Strabismus (AAPOS), approximately, 4% of the population in the United States is suffering from strabismus. Furthermore, as per a 2019 article by the National Eye Institute (NEI), amblyopia commences in childhood, and is the most common cause of vision loss in children and 3 out of 100 children suffer from the disorder. Thus, the increase in such numbers will fuel the demand for synoptophore device.
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