Ophthalmic Refractometer Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

The ophthalmic refractometer is a device that is used to measure lens strength and power to provide patients with proper eyeglasses in order to correct their vision. It helps a doctor to identify refractive errors in the vision. Refractive errors prevent light from entering the eyes and to focus on the retina correctly. Restricted light that enters the eye negatively impacts the vision and causes eye problems. Common vision impairments in patients are myopia, hyperopia, and astigmatism. Most eye problems arises due to an unhealthy lifestyle, improper nutrition, stress, genetic disorders, etc. Hence, the measurement provided by the ophthalmic refractometer helps the eye specialist to provide preferable eyeglasses.

MARKET SCOPE

The

"Global Ophthalmic Refractometer Market Analysis to 2031"

is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the ophthalmic refractometer market with detailed market segmentation by type, application, and geography. The report provides key statistics on the market status of the leading ophthalmic refractometer market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•  Based on type, the global ophthalmic refractometer market is segmented into automatic, portable/handheld, non-portable and semi-automatic.
  
•  On the basis of application, the market is bifurcated into optometric centers, hospitals and clinics and others.
  

MARKET DYNAMICS

Drivers:

•  Innovative product launches that lead to a quality diagnosis of patients are expected to drive the growth of the global ophthalmic refractometer market.
  
•  The rising incidence of diabetes that causes diabetic retinopathy, cataract, and glaucoma among the population leads to an increase in the number of visual impairment cases that propel the market's growth during the forecast period.
  
•  The rising prevalence of primary open-angle glaucoma (POGA) fuels the market growth.
  
•  Technological advancements and government investment in hospitals are expected to boost the ophthalmic refractometer market growth.
  

Restraints:

•  High Cost of the ophthalmic refractometer.
  
•  Calibration errors while using the auto refractor.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The ophthalmic refractometer market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the ophthalmic refractometer market in these regions.

IMPACT OF COVID-19 ON OPHTHALMIC REFRACTOMETER MARKET

COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The shutdown of various plants and factories has affected the global supply chains and impacted the overall global market. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting business collaborations and partnership opportunities. It has also hampered the ophthalmic refractometer market. As the coronavirus can enter the body of a person through the mucous membranes of the eyes, therefore, regulatory authorities advised people not to visit hospitals and eye clinics until it's an emergency case such as glaucoma, partial blindness, etc. If needed, the procedure is carried out in hospitals and clinics under stringent conditions. Apart from that, clinicians should interact with the patients through telemedicine for the treatment of eye disorders.

MARKET PLAYERS

The report covers key developments in the ophthalmic refractometer market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from ophthalmic refractometer market are anticipated to have lucrative growth opportunities in the future with the rising demand for ophthalmic refractometer in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the ophthalmic refractometer market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•  Nidek CO., LTD.
  
•  EyeQue Corporation
  
•  Topcon Corporation
  
•  Birmingham Optical Group Ltd.
  
•  Ming Sing Optical
  
•  Essilor International S.A.
  
•  Shanghai Supore
  
•  Taiyuan Xinyuan
  
•  Canon Inc.
  
•  Viewlight LLC
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Ophthalmic Refractometer Report Scope