Global Keratometer Market – Industry Trends and Forecast to 2030

Global Keratometer Market, By Position Type (Single Position Helmholtz Keratometers, Double Position Helmholtz Keratometers), Operation (Manual Keratometer, Automatic Keratometer), Application (Hospitals, Laboratories, Ophthalmic and Optometrist Offices, Others) – Industry Trends and Forecast to 2030.

Keratometer Market Analysis and Size

According to the World Health Organization's (WHO) October 2021 report, approximately 2.2 billion people worldwide have near or distance vision impairment, of which approximately 1 billion cases of vision impairment can or could have been prevented, demonstrating the high burden of cases of vision impairment worldwide and the possibility of treatment, there is a very high demand for diagnostics and therapeutics for diseases associated with vision impairment. According to an article published in February 2020 titled "The Statistics on Eye Disease in America (2022)," approximately 12 million people aged 40 and above in the United States suffer from vision impairment, with approximately a million suffering from blindness. According to the Centers for Disease Control and Prevention (CDC), 17.2 percent of Americans over the age of 40 will have a cataract in at least one eye by 2021. (about 20.5 million people). Cataracts are expected to affect over 30 million people by 2028. Cataract surgery is the most commonly recommended treatment option. As a result, the demand for effective therapeutics and diagnostics is expected to rise, driving growth in the studied market.

Data Bridge Market Research analyses that the keratometer market is expected to undergo a CAGR of 5% during the forecast period 2023 to 2030.  In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Keratometer Market Scope and Segmentation      

Market Definition

A keratometer, also known as an ophthalmometer, is a diagnostic tool that measures the curvature of the anterior surface of the cornea to determine the degree and axis of astigmatism. It is used in conjunction with a special contact lens holder and a special holding attachment. It does so by estimating the size of an image reflected from two paracentral locations and stabilizing the image with doubling prisms, which allows for more precise focusing. As a result, the prescription for the glasses is quite precise.

Global Keratometer Market Dynamics

Drivers

• Increase in awareness about eye care

Diagnosis of eye conditions such as refractive errors, age-related macular degeneration, cataracts, and diabetic retinopathy is aided by optometry or keratometer. This keratometer device is used to detect hyperopia (farsightedness) and myopia (nearsightedness) (nearsightedness). Improving prevention, early treatment, and access to eye care propel the market growth.

• Rising volumes of eye tests

The device, which uses infrared sensors, allows optometrists or ophthalmologists to accurately assess the refraction occurring in the eye by observing the change in the direction of light entering the eye. The device is specifically designed to assess the visual acuity of non-communicative individuals such as infants, young children, and people with disabilities. As a result, rising eye test and examination volumes and technological advancements in eye screening equipment are expected to drive market revenue growth during the forecast period.

Opportunities

• Technological advancements

Technological advancements, particularly in ophthalmic equipment, such as the use of A-scanners, which can be used without eye contact, and B-scan ultrasound, which provides detailed information about the inner eye, are key trends driving the global keratometer market.

Restraints/Challenges

• High price of keratometers

The rising cost of keratometers, as well as inaccuracies in their analysis, are two concerns that are limiting the market's growth. These factors are expected to limit its global expansion during the forecast period.

Furthermore, it only measures a small region of the cornea (2 points in the 3-4 mm zone), does not provide information about the cornea central or peripheral to these points, measures different regions for different powers, assumes the cornea is spherocylindrical and symmetric with a major and minor axis separated by 90 degrees, ignores spherical aberration, is susceptible to focusing and misalignment errors, and cannot accurately measure irregular cornea.

This keratometer market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the keratometer market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Keratometer Market Scope

The keratometer market is segmented on the basis of position type, operation, and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Position Type

• Single Position Helmholtz Keratometers
• Double Position Helmholtz Keratometers

 Operation

• Manual Keratometer
• Automatic Keratometer

 Application

• Hospitals
• Laboratories
• Ophthalmic
• Optometrist Offices
• Others

Keratometer Market Regional Analysis/Insights

The keratometer market is analyzed and market size insights and trends are provided by country, position type, operation, and application as referenced above.

The countries covered in the keratometer market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the keratometer market due to eye disorders which are becoming more common in the area and ophthalmology procedures and treatments are being used more frequently.

Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2023 to 2030 due to rising healthcare costs, rise in elderly people and government initiatives to raise knowledge about eye exams.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Healthcare Infrastructure Growth Installed base and New Technology Penetration

The keratometer market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for keratometer market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the keratometer market. The data is available for historic period 2011-2021.

Competitive Landscape and Keratometer Market Share Analysis

The keratometer market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to keratometer market.

Some of the major players operating in the keratometer market are:

• Carl Zeiss AG (Germany)
• HAAG-STREIT GROUP (Switzerland)
• Topcon (Japan)
• NIDEK CO., LTD. (Japan)
• Heidelberg Engineering GmbH (Japan)
• Escalon (U.S.)
• Novartis AG (Switzerland)
• Valent BioSciences LLC (U.S.)
• Canon Inc. (Japan)
• Essilor (France)
• HEINE Optotechnik GmbH & Co. KG (Germany)
• Luneau Technology USA (France)
• Coburn Technologies Inc. (U.S.)
• Alcon (Switzerland)
• AMETEK Inc. (U.S.)
• Reichert Inc. (U.S.)