Next Generation Optical Biometry Devices Market are expected to expand at a 5.4% CAGR to reach US$ 461.3 Million by 2028
The Next Generation Optical Biometry Devices Market was estimated at US$ 320.7 Million in 2021, according to Future Market Insights’ most recent study. The increasing incidence of eye diseases such as cataracts and refractive errors coupled with the rising number of eye care clinics and hospitals globally are factors increasing the adoption of next-generation optical biometry devices.
In order to reach US$ 461.3 Million by 2028, sales of next-generation optical biometry equipment are expected to grow at a CAGR of 5.4%. The worldwide ophthalmic imaging devices market’s share of shipments of next-generation optical biometry equipment in 2021 was 16.1%. Revenue from the newest optical biometry equipment is largely derived from hospitals (41.8%).
With the advancement in technology, next-generation optical biometry devices have been developed aiding the measurement of eyes before cataract and refractive surgeries. Earlier measurement by ultrasound technique was gold standard. However, unlike next-generation optical biometry devices, ultrasound devices require direct contact of the probe, which lead to many eye infections.
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According to Prevent Blindness organization, ~25 Mn Americans having cataract require medical care every year in the U.S., hence boosting demand for next generation optical biometry devices. Similar rising demand for next generation optical biometry devices is noted in UK with rising number of cataract surgeries. Increased demand for next generation optical biometry devices is noted in developing markets concurrent with access to eye care facilities. Next generation optical biometry devices are all-in one devices used for evaluation of lens and refraction, of retina.
Next Generation Optical Biometry Devices Market: Overview & Analysis
Rapid increase in number of probe infections due to usage of ultrasound devices, lead to post-operative errors fuelling demand for next generation optical biometry devices instead of ultrasound biometry devices. Manufacturers of next generation optical biometry devices are introducing automated devices which are more efficient in measuring segments of eyes. Players in next generation optical biometry devices market are working on strengthening the software, which could provide detailed information about eye segments. New next generation optical biometry devices introduced are taking into account irregularities and astigmatisms of the anterior and the posterior surfaces of the eye. The next generation optical biometry devices uses a partially coherent wave that has approximately 9x the resolution of a 10 MHz sound wave, for precise measurement of axial length.
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Hospitals end users segment account for 41.8% revenue share in the global Next Generation Optical biometry Devices market. Medical services and vision benefits offered under Medicare includes cataract surgeries; which will increase the demand of next generation optical biometry devices.
The company has segmented the global Next Generation Optical Biometry Devices Market into product type and end users. In terms of revenue, the swept source segment in product type in next generation optical biometry devices market report will account for significant revenue share over the forecast period. In contrary, the Partial coherence interferometry (PCI) based next generation optical biometry devices segment in all the markets will exhibit limited investment opportunities through 2028 in next generation optical biometry devices market.
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
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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
- Ophthalmology Clinics and Specialized Eye Care Centers
- Ambulatory Surgical Centers
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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