Auto Keratometer Market size was valued at USD 5 Billion in 2023 and is poised to reach USD 9 Billion by the end of 2036, expanding at around 7% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of auto keratometer is assessed at USD 7 Billion.
The reason behind the growth is the rising demand for eye-testing gadgets globally. According to the World Health Organization, at least 2.2 billion people worldwide suffer from a visual impairment; of them, at least 1 billion have a condition that might have been avoided. To treat this the demand for eye-testing equipment is also rising.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
7% |
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Base Year Market Size (2023) |
USD 5 Billion |
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Forecast Year Market Size (2036) |
USD 9 Billion |
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Regional Scope |
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Product (Handheld Auto Keratometer, Benchtop Auto Keratometer)
Handheld auto keratometer segment is poised to dominate over 70% auto keratometer market share by 2036. With the most market share in 2023, the handheld auto keratometer segment is leading the industry. It is more beneficial for patients with younger children, may draw the patient's attention and reduce worry, and is anticipated to propel the auto keratometer market's expansion.
According to the National Library of Medicine, in recent years, the importance of hand-held refractors—like the HandyRef-K (HDY; Nidek SA, Créteil, France) and the Retinomax K-plus 3 (RTX; Right Group, Tokyo, Japan)—has increased due to ophthalmologists' busy clinical schedules, patients' growing trust in advanced mechanical devices, and their quick detection of refractive errors.
Application (Hyperopia, Myopia, Astigmatism, Other Ophthalmic Conditions)
By 2036, Myopia segment is estimated to dominate over 45% auto keratometer market share. This expansion will be noticed in the increasing cases of myopia in people across the world.
According to the International Myopia Institute, there is increasing evidence that myopia is becoming more commonplace worldwide. According to recent research, 30% of people worldwide are already myopic, and by 2050, almost 50% of people or 5 billion people will be myopic.
End-Use (Hospitals, Clinics, Educational Institutes, Diagnosis Centers)
In auto keratometer market, hospitals segment is poised to account for more than 45% revenue share by the end of 2036. The expanding number of people, the growing construction of new hospitals, and the increase in investments in the healthcare industry are all responsible for the segment's expansion. The auto keratometer market development is further supported by the eye care hospitals' quick expansion brought on by the rising prevalence of different illnesses and vision issues.
The Singapore National Eye Centre, for instance, has made investments in a Smart Eye Centre that leverages artificial intelligence to improve and automate a number of eye care processes, including screening, triage, referral, and follow-up.
Our in-depth analysis of the global auto keratometer market includes the following segments:
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Product |
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Application |
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End-Use |
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Operation |
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North American Market Statistics
North America region in auto keratometer market is poised to dominate over 42% revenue share by 2036. The region’s auto keratometer sector is thriving, because of the rising frequency of eye problems in this region. According to the American Optometric Association, over 40% of Americans suffer from myopia, and the percentage is startlingly rising, particularly among youngsters in school.
In fact, according to recent statistics from the American Optometric Association's (AOA) American Eye-Q study, one in four parents had a kid with myopia (commonly known as "nearsightedness"), and over 75% of children with myopia received their diagnosis between the ages of 3 and 12.
The auto keratometer market has expanded in the U.S. as a result of the rising need for ophthalmological treatments and diagnostic techniques. The most recent development in imaging technology is an optical coherence tomography scan, or OCT scan. This diagnostic method, which is similar to ultrasound, uses light instead of sound waves to provide better-quality images of the structural layers of the retina.
The Canadian auto keratometers development mainly lies in the rising investment in healthcare infrastructure. The largest healthcare investment in over 20 years was made by the Canadian federal government in the 2023 budget, which included a USD 46.2 billion increase in financing for provinces and territories.
APAC Market Analysis
APAC region in auto keratometer market is poised to register around 6.2% growth from 2024 to 2036, owing to the increasing population of patients suffering from astigmatism conditions.
According to the International Myopia Institute, research indicates that in recent decades, the number of instances of myopia in Asian nations has rapidly grown, along with greater expectations placed on young children about their education. About 80–90% of high school graduates in several East Asian nations suffer from myopia, a serious public health problem. Of them, 10–20% have sight-threatening pathologic myopia.
Auto keratometers are especially in actual demand in China, driven by the rising population and the rising number of eye patients in this country. China's population is estimated to have decreased from 1.412 billion in the 2020 census to 1.409 billion in 2023.
In Korea, auto keratometers will encounter massive growth because the country is a hotspot for myopia patients. Moreover, in Korea, the corresponding rates of myopia and high myopia were 6.9% and 65.4%, respectively.
The auto keratometers sector will also be huge in Japan due to the rising use of keratometry devices for Myopia and Presbyopia treatment across different hospitals and clinics along with the rising prevalence of hospitals in Japan. Japan has one of the greatest densities and total populations. In Japan, hospitals that are not publicly funded are primarily privately owned by medical firms.
Leading companies are concentrating on enhancing the features and specifications of auto keratometers in addition to forming alliances, mergers, and acquisitions to broaden their product offerings. A few of the key players in the auto keratometer market are:
Author Credits: Radhika Pawar
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