The autorefractor market size is expected to see rapid growth in the next few years. It will grow to $2.65 billion in 2028 at a compound annual growth rate (CAGR) of 11.3%. The growth during the forecast period can be attributed to several factors, the rising prevalence of vision diseases, a growing demand for precision and efficiency, integration with electronic health records, increased investment in research and development, and a rise in the use of spectacles and contact lenses. Major trends include the development of smaller and portable autorefractors, integration with digital platforms, the incorporation of artificial intelligence (AI) and automation, an increase in teleophthalmology services, and a focus on customization and personalization.
The growing incidence of vision diseases is anticipated to drive the expansion of the autorefractor market in the coming years. Vision diseases are conditions that impair the ability to see clearly and affect components of the visual system, including the eyes, optic nerves, or brain. The increase in vision diseases is attributed to factors such as aging populations, extended screen time, poor lifestyle choices, and a higher prevalence of chronic conditions. Autorefractors are essential tools in diagnosing vision diseases, as they quickly and accurately measure refractive errors to determine the appropriate corrective lenses. For example, a report from the Centers for Disease Control and Prevention in August 2023 indicated that the number of individuals with vision impairment in the United States is projected to reach 8.96 million by 2050. Additionally, around 6.8% of U.S. children under 18 are diagnosed with eye and vision issues, with nearly 3% experiencing persistent blindness or visual impairment despite corrective eyewear. As a result, the increasing incidence of vision diseases is propelling the growth of the autorefractor market.
Key players in the autorefractor market are focusing on developing advanced technologies such as wavefront aberrometry to enhance eye care solutions. Wavefront aberrometry measures how light waves travel through the eye, offering detailed information about visual aberrations. For instance, in October 2021, Grafton Optical, a UK-based provider of optometry and ophthalmology instruments, introduced the QuickSee handheld autorefractor from PlenOptika. This device uses an open-view binocular design, wavefront aberrometry, and dynamic measurements to provide precise autorefraction measurements. It is designed for use in both clinical and field settings, making it especially useful for patients with mobility issues. The device can operate in various light conditions, with dark eye cups that help isolate the patient's eyes from ambient light.
In September 2021, Luneau Technology Group, a French manufacturer of autorefractors, merged with Optovue, creating a comprehensive suite of solutions for eye care providers. This merger enables the combined entity to offer a broad range of health solutions, leveraging Optovue’s expertise in optical coherence tomography (OCT) and its strong market presence. Optovue, a U.S.-based manufacturer of ophthalmic devices, complements Luneau Technology Group’s product portfolio, allowing the merged companies to provide a complete range of visual health solutions.
Major companies operating in the autorefractor market are Essilor Group, Carl Zeiss Meditec, Topcon Corporation, Heidelberg Engineering GmbH, Rexxam Co. Ltd., Huvitz Co. Ltd., Reichert Inc., Righton, SCHWIND eye-tech-solutions GmbH, Takagi Seiko Co. Ltd., Visionix Ltd., Coburn Technologies Inc., Veatch Ophthalmic Instruments, CSO Italia, Nidek Co. Ltd., Luneau Technology GmbH, Aeon Imaging LLC, CENTERVUE Inc., Allied Medical Technologies, Ming Sing Optical Co. Ltd.
North America was the largest region in the autorefractor market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the autorefractor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the autorefractor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
An autorefractor is a medical device used to assess a person's refractive error and determine their prescription for glasses or contact lenses. It operates by directing light into the eye and measuring how the light changes as it reflects off the retina. Autorefractors are widely employed in optometry and ophthalmology to provide an objective measurement of refractive error, which is then refined with a subjective refraction test where the patient helps to fine-tune the prescription.
The main types of autorefractors are manual and automatic. Manual autorefractors are used by eye care professionals to measure refractive error with minimal patient feedback. Various related diagnostic devices include retinoscopes, optical coherence tomography (OCT) scanners, ophthalmoscopes, fundus cameras, optical biometry systems, corneal topography systems, visual field analyzers, ophthalmic ultrasound systems, and specular microscopes. These devices are used to diagnose conditions such as hyperopia, myopia, and others. End users of autorefractors include hospitals, ophthalmic clinics, and diagnostic centers.
The autorefractor market research report is one of a series of new reports that provides autorefractor market statistics, including autorefractor industry global market size, regional shares, competitors with a autorefractor market share, detailed autorefractors market segments, market trends and opportunities, and any further data you may need to thrive in the autorefractor industry. This autorefractor market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The autorefractor market consists of sales of keratometers, phoropters, retinal cameras, and tonometers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
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Table of Contents
Executive Summary
Autorefractor Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on autorefractor market which is experiencing strong growth. the report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for autorefractor? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The autorefractor market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- the market characteristics section of the report defines and explains the market.
- the market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- the forecasts are made after considering the major factors currently impacting the market. These include:
- the impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- the impact of higher inflation in many countries and the resulting spike in interest rates.
- the continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- the regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- the competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- the trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) by Type: Manual Autorefractor; Automatic Autorefractor2) by Product: Retinoscopes; Optical Coherence Tomography (OCT) Scanners; Ophthalmoscopes; Fundus Cameras; Optical Biometry Systems; Corneal Topography Systems; Visual Field Analyzers; Ophthalmic Ultrasound Systems; Specular Microscopes; Other Products
3) by Application: Hyperopia; Myopia; Other Applications
4) by End-User: Hospitals; Ophthalmic Clinics; Diagnostic Centers
Key Companies Mentioned: Essilor Group; Carl Zeiss Meditec; Topcon Corporation; Heidelberg Engineering GmbH; Rexxam Co. Ltd.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Essilor Group
- Carl Zeiss Meditec
- Topcon Corporation
- Heidelberg Engineering GmbH
- Rexxam Co. Ltd.
- Huvitz Co. Ltd.
- Reichert Inc.
- Righton
- SCHWIND eye-tech-solutions GmbH
- Takagi Seiko Co. Ltd.
- Visionix Ltd.
- Coburn Technologies Inc.
- Veatch Ophthalmic Instruments
- CSO Italia
- Nidek Co. Ltd.
- Luneau Technology GmbH
- Aeon Imaging LLC
- CENTERVUE Inc.
- Allied Medical Technologies
- Ming Sing Optical Co. Ltd.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | September 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 1.73 Billion |
Forecasted Market Value ( USD | $ 2.65 Billion |
Compound Annual Growth Rate | 11.3% |
Regions Covered | Global |
No. of Companies Mentioned | 20 |