Auto Keratometer Market Trends

  • Report ID: 6042
  • Published Date: May 22, 2024
  • Report Format: PDF, PPT

Auto Keratometer Market Trends

Growth Drivers

  • Rising cases of vision impairment - By monitoring the shift in the direction of light entering the eye, the infrared sensor gadget enables ophthalmologists or optometrists to precisely evaluate refraction taking place in the eye. This particular equipment is intended to evaluate the visual acuity of non-communicative persons, including newborns, young children, and individuals with impairments.

    According to the National Library of Medicine, there are 217 million persons with moderate to severe vision impairment and 36 million blind people worldwide, according to recent estimates.
     
  • The growing significance of new keratometer introductions - In hospitals, clinics, and diagnostic centers, auto keratometers are becoming increasingly used for diagnosing disorders connected to the eyes, such as astigmatism, and for determining the true refractive power and refractive inaccuracy of the eye. The evaluation of patients' eyes both before and after refractive procedures is another broad use for these devices.

    According to the National Library of Medicine, in order to analyze the corneal surface more broadly and accurately, new corneal topographers were developed.
     
  • Rising innovative technologies like the Internet of Things (IoTs) - In fact, small and medium-sized businesses will be the winners of this most recent wave of IoT maturity, despite the fact that huge corporations started allocating significant resources to IoT technology years ago. They may nevertheless invest in user-friendly IoT solutions even though they do not have the resources to carry out custom implementations.

    It is projected that by 2030, there will be over 29 billion Internet of Things (IoT) devices globally, nearly doubling from 15.1 billion in 2020.

Challenges

  • Auto keratometers only detect small regions of the cornea - They measure different regions for different powers, assume the cornea is sphere cylindrical and symmetric with a major and minor axis separated by 90 degrees, ignore spherical aberration, is prone to focusing and misalignment errors, and can only measure a small region of the cornea (2 points in the 3–4 mm zone). It also does not provide information about the cornea central or peripheral to these points.
  • Shortage of competent neuroscientists - A recent study from the American Academy of Neurology (AAN) describes the shortage of neurologists in the US as a "grave threat" to the specialty of neurology and the provision of high-quality patient care.

Auto Keratometer Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

7%

Base Year Market Size (2023)

USD 5 Billion

Forecast Year Market Size (2036)

USD 9 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Author Credits:  Radhika Pawar


  • Report ID: 6042
  • Published Date: May 22, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2023, the industry size of auto keratometers was over USD 5 billion.

The market size for auto keratometers is projected to cross USD 9 billion by the end of 2036 expanding at a CAGR of 7% during the forecast period i.e., between 2024-2036.

The major players in the market are Nidek Co., Ltd., TOMEY CORPORATION, Right MFG Co., Ltd., Topcon Corporation, Potec Co., Ltd., BON Optic, Coburn Technologies, Inc., Luneau Technology Group, Essilor, AMETEK, Inc., Seiko Watch Corporation, Japan, Shin Nippon Machinery Co., Ltd., Rexxam Co., Ltd., Takagi Japan, and others.

In terms of product, the handled auto keratometer segment is anticipated to account for the largest market share of 70% during 2024-2036. In terms of product, the handled auto keratometer segment is anticipated to account for the largest market share of 70% during 2024-2036.

The North American auto keratometers sector is poised to hold the highest share of 42% by 2036.
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