Supply Chain Ecosystem Analysis now part of DBMR Reports
Market Size in USD Billion
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USD 170.24 Million |
| USD 245.83 Million | |
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Global Phoropter Equipment Market, By Product Type (Manual Phoropters, Digital Phoropters), End Use (Hospitals, Ophthalmic Clinics, Optical Shops, Optometric Clinics) – Industry Trends and Forecast to 2029.
Phoropters are ingenious devices that quickly determine an individual's exact vision correction needs. Phoropters are also used to measure heterophorias, accommodative amplitudes and lags/logs/posture, horizontal and vertical vergences, and other parameters. Batteries of spherical and cylindrical lenses, as well as auxiliary devices such as Maddox rods, prisms, and the Jackson Cross-Cylinder, are important components of phoropters. The prisms in phoropters are also used to diagnose and treat ophthalmic problems.
Data Bridge Market Research analyses that the phoropter equipment market which was USD 170.24 million in 2021, is expected to reach USD 245.83 million by 2029, and at a CAGR of 4.7% during the forecast period 2022 to 2029. 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.
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Manual Phoropters, Digital Phoropters), End Use (Hospitals, Ophthalmic Clinics, Optical Shops, Optometric Clinics)
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Countries Covered
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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.
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Market Players Covered
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Luneau Technology USA (France), AMETEK, Inc. (U.S.), Bausch & Lomb Incorporated (Canada), Reichert, Inc. (U.S.), Righton & Blackburns Limited (U.K.), Alcon Vision LLC (Switzerland), Carl Zeiss Meditec AG (Germany), bon Optic Vertriebsges mbH (Germany), NIDEK CO., LTD. (U.S.), ESSILOR (France), US Ophthalmic (U.S.), Rocket Medical plc (U.S.), Ziemer Ophthalmic Systems (Switzerland) and S4OPTIK LLC (U.S.)
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Market Opportunities
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Market Definition
Phoropters are medical devices that are used to perform ophthalmic testing. They are commonly referred to as refractors. Ophthalmologists most commonly use photopters during eye examinations. They contain various lenses used for refraction of the eye during sight testing. Phoropters are also used to determine an individual's refractive error and prescription. To correct vision, phoropters are used during sight testing to switch multiple lenses in front of the eyes. A phoropter is used to test individual lenses on each eye, during an examination. If the doctor discovers a vision problem such as nearsightedness, farsightedness, or astigmatism during an eye examination, one of the next steps you'll take will most likely involve the use of a phoropter. A phoropter is a specialised machine that switches multiple lenses in front of your eyes to correct your vision.
Drivers
The factor driving the growth of the global phoropters market is the introduction and addition of new products. For instance, Reichert, Inc. introduced the Phoropter VRx in 2016, which set a new standard in digital refraction with the thinnest and most compact design, motorised prisms, incredibly fast lens exchanges, ultra-quiet operational functionalities, and split cylinder lenses.
The increasing prevalence and recurrence of astigmatism is expected to be a major factor driving the phoropters market during the forecast period. According to Nature, a science journal, more than 650 million people suffer from refractive disorders, with approximately 285 million becoming visually impaired. Changes in lifestyle, as well as an increase in air pollution levels, are all contributing to the rising prevalence of eye disorders. These are some of the factors which propel the growth of the market.
Opportunities
Artificial intelligence (AI) software developed by Google's DeepMind has combed through countless thousands of retinal images in a ground-breaking NHS project and demonstrated its ability to diagnose most conditions with unerring level of accuracy. The analysis of such images may also allow for the very early prediction of dementia and the identification of a patient's risk of heart disease, among other things. So, in the future, many eye patients may be able to sit in front of a scanner at their local optometrist's office while an AI brain studies their eye, diagnoses the problem, and recommends an appropriate, evidence-based treatment plan.
Restraints/Challenges
Lack of awareness amongst people about eye diseases for correct examination will obstruct the market's growth rate.
This phoropter equipment 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 phoropter equipment market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
The phoropter equipment market is segmented on the basis of product type and end use. 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.
Product Type
End Use
The phoropter equipment market is analysed and market size insights and trends are provided by country, product type and end use as referenced above.
The countries covered in the phoropter equipment 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 phoropter equipment market due to the growing incidences of ophthalmic diseases.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 owing to the growth of product offerings by major key players in the particular region.
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 phoropter equipment 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 phoropter equipment market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the phoropter equipment market. The data is available for historic period 2010-2020.
The phoropter equipment 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 phoropter equipment market.
Some of the major players operating in the phoropter equipment market are:
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Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.