Future Market Insight (FMI), a leading market research firm, has released its latest report on the global next generation optical biometry devices market, projecting steady growth over the coming years. Valued at USD 320.7 million in 2021, the market is anticipated to reach USD 461.3 million by 2028, reflecting a compound annual growth rate (CAGR) of 5.4%.
In 2021, these advanced optical biometry devices accounted for 16.1% of the global ophthalmic imaging devices market, with hospitals leading the way by securing the largest revenue share of 41.8%.
Challenges Impacting Market Growth:
While the outlook is promising, the report highlights several challenges that could hinder market expansion. Key issues include a shortage of trained professionals and the high cost of optical biometry devices. Additionally, the initial setup costs and ongoing maintenance expenses associated with these advanced devices present significant obstacles, slowing the integration of digital solutions into eye care practices.
Key Drivers and Emerging Trends:
Despite these challenges, the market is showing signs of growth, driven by several factors:
- Increasing prevalence of eye diseases such as cataracts and refractive errors.
- Global expansion of eye care facilities, especially in emerging markets.
- Technological advancements in automated optical biometry devices, which offer precise measurements crucial for refractive and cataract surgeries.
These innovations are expected to propel market growth, as more healthcare providers adopt these technologies to enhance patient outcomes.
The report provides essential insights for manufacturers, healthcare providers, and investors, offering a roadmap to navigate the opportunities and challenges in the next generation optical biometry devices market. As demand for advanced ophthalmic solutions grows, stakeholders can leverage these insights to make strategic decisions and capitalize on the emerging trends shaping 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.
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