Autorefractor Market Trends – Increasing Government Initiatives to Control Visual Impairment

Emergen Research has published its latest report titled “Autorefractor Market, By Product Type (Retinoscopes, OCT scanners, Corneal topography systems, Visual field analyzers, Ophthalmic ultrasound systems, Ophthalmoscopes, Fundus cameras, Optical biometry systems, Specular microscopes, Wavefront aberrometers, Others), By Application (Hyperopia, Myopia, Other ophthalmic conditions), By End-use (Hospitals, Ophthalmic clinics, Diagnostic centers), and By Region Forecast to 2028”

Market Dynamics:

Steady revenue growth of the global autorefractor market is attributed to factors such as rise in geriatric population worldwide and growing prevalence of ophthalmic disorders such as refractive errors, diabetic retinopathy, cataract, glaucoma, myopia, and age-related macular degeneration. Rising adoption of spectacles and contact lenses, increasing use of smartphones, tablets, and other mobile gadgets by children, and increasing incidences of eye strain, retinal damage, and other eye-related problems due to growing work pressure and increased screen time are other major factors driving the global autorefractor market revenue growth. Autorefractor, also called automated refractor, is a computerized device that is used during eye tests.

The device helps optometrists or ophthalmologists to observe the change in the direction of light entering one’s eye and accurately assess the refraction taking place in the eye with the help of infrared sensors. The device is particularly designed for the evaluation of the visual acuity of non-communicative people, including infants, young children, and the disabled. Hence, increasing volumes of eye tests and examinations, technological advances in eye screening equipment, and rising government initiatives to control visual impairment among the population are other factors expected to boost market revenue growth over the forecast period.  

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COVID-19 Impact Analysis:

  • Social distancing and restrictions severely disrupted businesses and operations
  • Lockdowns caused disruptions in transportation and logistics
  • Impacted manufacturing activities and mining operations globally
  • Took a toll on economy of various countries
  • Caused sudden and drastic downturn in economic activity
  • Disrupted agriculture, fisheries, dairy, and other sectors
  • Caused loss of employment and financial crisis
  • Supply impacts were further compounded owing to reduced disposable income
  • Emergence of variants  continue to cause concerns and impact normal routines

Myopia Segment Accounted for Largest Revenue Share in 2020:

Based on application, the global autorefractor market is segmented into hyperopia, myopia, and other ophthalmic conditions. The myopia segment accounted for the largest revenue share in the global market in 2020. Rising prevalence of ophthalmic disorders including myopia, increasing volumes of eye examinations in hospitals and ophthalmic clinics, and emergence of advanced diagnostic solutions for myopia are key factors driving this segment’s revenue growth.

Ophthalmic Clinics Segment to Register Fastest Revenue CAGR:

Based on end-use, the global autorefractor market is segmented into hospitals, ophthalmic clinics, and diagnostic centers. The ophthalmic clinics segment is expected to register the fastest revenue CAGR in the global market over the forecast period. Key factors contributing to revenue growth of this segment are growing prevalence of ophthalmic disorders worldwide, rapid adoption of technologically advanced eye testing equipment in ophthalmic clinics, and rising government investments in healthcare infrastructure development.

North America Accounted for Largest Revenue Share in 2020:

Among regional markets, the North America autorefractor market was the most dominant in terms of largest revenue share in the global market in 2020. Rising prevalence of eye-related disorders, growing geriatric population, presence of advanced healthcare infrastructure in the region, and increasing availability of advanced eye testing equipment in hospitals and ophthalmic centers are among the major factors driving the North America market revenue growth.

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Major Companies in the Global Autorefractor Market Include:

  • Carl Zeiss AG
  • Haag-Streit Holding
  • Topcon
  • Nidek
  • Heidelberg Engineering, Inc.
  • Escalon
  • Novartis AG
  • Valent
  • Canon Inc.
  • Essilor International
  • Heine Optotechnik
  • Luneau Technology Operations SAS

For the purpose of this report, Emergen Research has segmented the global autorefractor market based on product type, application, end-use, and region:

Product Type Outlook (Revenue, USD Billion; 2018-2028)

  • Retinoscopes
  • OCT scanners
  • Corneal topography systems
  • Visual field analyzers
  • Ophthalmic ultrasound systems
  • Ophthalmoscopes
  • Fundus cameras
  • Optical biometry systems
  • Specular microscopes
  • Wavefront aberrometers
  • Others        

Application Outlook (Revenue, USD Billion; 2018-2028)

  • Hyperopia
  • Myopia
  • Other ophthalmic conditions

End-use Outlook (Revenue, USD Billion; 2018-2028)

  • Hospitals
  • Ophthalmic clinics
  • Diagnostic centers

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Region Outlook (Revenue, USD Billion; 2018-2028)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • BENELUX
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa
    • Saudi Arabia
    • U.A.E.
    • South Africa
    • Turkey
    • Rest of Middle East & Africa

Reasons to buy the report:

  1. This study segments the Autorefractor market and derives the precise valuation of the overall, as well as segment-based, market across different industry verticals, geographies, and products.
  2. The report will help participants understand the trajectory of the progress of the market and provide information on key drivers, restraints, challenges, threats, and opportunities for the growth of the Autorefractor sectors.
  3. This Autorefractor report would allow readers to be well-versed with the existing competition and gain more insights to improve their standing in the worldwide business. The competitive landscape considers the dominant competitors, along with product launches and technological advancements, strategic expansions, mergers and acquisitions, and procurement strategies implemented by key players in the Autorefractor market.

Key features of the report:

  • To study the key aspects impacting the Autorefractor market size.
  • To identify growth prospects in the Autorefractor market.
  • To analyze the Autorefractor market segments and deduce the dominant trends observed in the industry.
  • To examine the Autorefractor market by investigating the available products, market share, and value proposition of the products.
  • To analyze the industry by assessing the scope and application of the Autorefractor market and highlight the growth of each application.

Table of Content

Chapter 1. Methodology & Sources

    1.1. Market Definition

    1.2. Research Scope 

    1.3. Methodology

    1.4. Research Sources

          1.4.1. Primary

          1.4.2. Secondary

          1.4.3. Paid Sources

    1.5. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2020-2030

Chapter 3. Key Insights

Chapter 4. Autorefractor Market Segmentation & Impact Analysis

    4.1. Autorefractor Market Material Segmentation Analysis

    4.2. Industrial Outlook

          4.2.1. Market indicators analysis

          4.2.2. Market drivers’ analysis

          4.2.3. Market restraints analysis

    4.3. Technological Insights

    4.4. Regulatory Framework

    4.5. Porter’s Five Forces Analysis

    4.6. Competitive Metric Space Analysis

    4.7. Price trend Analysis

    4.8. Covid-19 Impact Analysis

Continued…

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