The global next-generation optical biometry devices market is projected to experience steady growth over the coming years, according to the latest report from Future Market Insights (FMI). The market, valued at USD 320.7 million in 2021, is expected to reach USD 461.3 million by 2028, reflecting a compound annual growth rate (CAGR) of 5.4%.
In 2021, optical biometry devices represented 16.1% of the global ophthalmic imaging devices market, with hospitals capturing the largest share at 41.8% of the revenue. This growth is driven by increasing advancements in eye care technology, spurred by the need for precision in refractive and cataract surgeries.
Challenges Impacting Growth:
While the market holds significant potential, several challenges could impede its growth trajectory. The report identifies the shortage of trained professionals and the high costs associated with optical biometry devices as key hurdles. The initial setup and ongoing maintenance expenses for these sophisticated systems also pose barriers to the widespread adoption of digital solutions in eye care practices, particularly in emerging markets.
Key Drivers and Emerging Trends:
Despite these challenges, the report highlights several key factors contributing to the optimistic outlook for the optical biometry devices market:
- Increasing Prevalence of Eye Diseases: The rising incidence of conditions like cataracts and refractive errors is driving the demand for advanced diagnostic devices.
- Expansion of Eye Care Facilities: The global expansion of eye care facilities, particularly in emerging markets, is increasing access to state-of-the-art ophthalmic solutions.
- Technological Advancements: Innovations in automated optical biometry devices are enhancing measurement accuracy, which is crucial for refractive and cataract surgeries. These advancements are expected to drive the adoption of these technologies among healthcare providers, ultimately improving patient outcomes.
The report provides valuable insights for manufacturers, healthcare providers, and investors, offering a comprehensive roadmap to navigate the opportunities and challenges within the optical biometry devices market. As the demand for advanced ophthalmic solutions continues to grow, stakeholders can leverage these insights to make informed decisions and capitalize on the emerging trends that will shape the future of eye care technology.
Rising Demand for Market Data: Our Full Report Offers Deep Insights and Trend Analysis!
Key Takeaways: Next Generation Optical Biometry Devices Market
- The market for next-generation optical biometry devices is expected to grow steadily, reaching USD461.3 million by 2028 (a CAGR of 5.4%).
- Increased healthcare spending in the US (through Medicare and Medicaid) for cataract surgeries is driving demand for these advanced devices.
- Focus on patient safety in the US is leading to a need for faster and more precise eye imaging, propelling the market for next-generation optical biometry instruments.
- Similar trends are happening in the UK, with a rising number of cataract surgeries and growing adoption in hospitals fueling market growth.
- The overall increase in cataract treatments and innovative surgical practices will further propel the market forward.
Next Generation Optical Biometry Devices Market – Competitive Landscape
The competition section of the next generation optical biometry devices industry report features the profiles of key players based on their market shares, differentiating strategies, product offerings, and marketing approach.
- Carl Zeiss AG offers diversified next generation optical biometry devices, which include IOL master 500 with Partial coherence interferometry (PCI) and IOL master 700 with swept-source optical coherent technology. Next generation optical biometry devices provide accuracy and efficiency, which are the foundation for calculating the IOL power.
Key Companies Profiled:
- Nidek Co Ltd.
- Ziemer Ophthalmic Systems
- TOMEY GmbH
- Movu Inc.
- OCULUS Optikgeräte GmbH.
- Bausch & Lomb Incorporated
- Topcon Corporation
- Heine Optotechnik GmbH & Co. KG
- AMETEK, Inc.
- Optovue, Incorporated
- Leica Microsystems GmbH
Key Segments of Next Generation Optical Biometry Devices Industry Survey:
Next Generation Optical Biometry Devices Market by Product Type
- Swept-Source Optical Coherence Tomography (OCT) Based Biometers
- Partial Coherence Interferometry (PCI) Based Biometers
- Optical Low Coherence Reflectometry (OLCR) Based Biometers
Next Generation Optical Biometry Devices Market by End User
- Hospitals
- Ophthalmology Clinics and Specialized Eye Care Centers
- Ambulatory Surgical Centers
Next Generation Optical Biometry Devices Market by Region
- North America Next Generation Optical Biometry Devices Market
- Latin America Next Generation Optical Biometry Devices Market
- Europe Next Generation Optical Biometry Devices Market
- East Asia Next Generation Optical Biometry Devices Market
- South Asia & Pacific Next Generation Optical Biometry Devices Market
- Middle East & Africa (MEA) Next Generation Optical Biometry Devices Market
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube