USD 287.9 million
Report ID: SQMIG35A2183 | Region: Global | Published Date: October, 2022 | Pages: 165 | Tables: 64 | Figures: 75
Keratometer Market is valued at USD 287.9 million in 2021, and USD 230.1 million in 2022 and is expected to attain a value of USD 408.9 million by 2030, at a CAGR of 4.2% over the forecast period (2023 - 2030).
A keratometer, commonly known as an ophthalmometer, is a diagnostic tool used to measure the degree and axis of astigmatism by measuring the curvature of the anterior surface of the cornea. It's utilized in conjunction with a distinctive contact lens holder and a unique holding attachment. It accomplishes this by estimating the size of an image reflected from two paracentral locations and stabilizing the image with doubling prisms, allowing for more precise focusing. As a result, the prescription for the eyewear is quite accurate.
Higher incidence of astigmatism, rising ageing group, increasing awareness of astigmatism, development of new keratometers leading to effective assessment, better accessibility to keratometers, increased demand for preventive healthcare through routine eye check-ups, and rising initiatives regarding ophthalmic health by governmental and non-governmental organisations are all expected to drive the global keratometers market.
US Keratometers Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 287.9 million
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The Global Keratometer Market is segmented based on product type, end-use and region. Based on product type Keratometer Market is categorized into: stationary type and portable type. Based on end-use Keratometer Market is categorized into: hospitals, ophthalmic care institutes, diagnostic centres, laboratories, and others. Based on the region Keratometer Market is categorized into: North America, Europe, Asia-Pacific, Latin America, and the Middle East and Europe.
Keratometer Market Analysis by Product Type
Keratometers of the stationary type is the most dominating segment it is used to determine the curvature of a user's eye surface. They allow a person to remain completely steady for a few moments and are used by physicians and ophthalmologists to examine vision. Portable keratometers are hand tools for determining the curvature of the cornea to determine refractive defects. In the year 2021, among the following segment, portable type keratometers is the fastest growing segment. Because of their comfort and ease of use, optometrists and ophthalmologists have embraced this form of keratometer. Portable keratometers are more convenient to use, and they don't require the presence of a medical assistant or an optometrist during the assessment.
Keratometer Market Analysis by End-Use
In 2021, the Hospitals category holds the number one position and is likely to continue to do so during the forecast period. The key driver of market expansion is the growing number of medical centres. Another element driving market expansion is increased spending and government financing for better healthcare facilities.
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In 2021 North America had the biggest market share, owing to factors such as rising astigmatism incidence, increased awareness about ophthalmic care, rising health care expenditure, an older population, a well-established medical service, and a higher demand for preventive medical care such as ophthalmic assessment.
However, due to the enormous population, geriatric population, increased awareness of ophthalmic care, rising living standards, a strengthening health service, and greater use of new treatments, the Asia Pacific area is the fastest emerging market.
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Keratometer Market Driver
The global keratometer market is primarily driven by technical advances, government initiatives to improve health services, and the widespread use of ophthalmic equipment for various healthcare procedures. The rising acceptance rate for prescription lenses and glasses is another factor driving the global keratometer market.
Keratometer Market Restraint
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 forecasted timeframe.
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The global keratometer market is dominated by major companies that are working on enhancing the specifications and features of automated keratometers as well as growing their product range through collaborations, partnerships, mergers, and acquisitions. For instance, in May 2021, by acquiring Capture 3D, ZEISS expanded its national footprint in the United States for its Industrial Quality & Research sector.
Keratometer Market Top Players Company Profiles
Keratometer Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the portable type keratometer segment has the largest revenue share in 2021. The hospital segment has dominated the market within 2021. The North America region accounted for the highest market share in 2021 and Asia-Pacific is expected to grow at the fastest rate during the forecast period.
|Market size value in 2021||USD 287.9 million|
|Market size value in 2030||USD 230.1 million|
|Forecast period||2023 - 2030|
|Forecast Unit (Value)||USD Million|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Keratometers Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Keratometers Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Keratometers Market:
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