Auto Keratometer Market: Global Industry Analysis and Forecast (2022-2029)

Auto Keratometer Market was valued at US$ 5.6 Bn. in 2021. The Global Auto Keratometer Market size is estimated to grow at a CAGR of 5.5 % over the forecast period.
Auto Keratometer Market Overview:
The concept of keratometry is to measure the anterior surface of corneal curvature across a specified chord length. Curvature is measured by keratometers, sometimes known as opthalmometers. Auto keratometers are devices that use the variable image size and constant image size principles.

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The report explores the Auto Keratometer market's segments (Type, Interferometer Type, Application, End-User, and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). This market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2017 to 2021. The report investigates the Auto Keratometer market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Auto Keratometer market's contemporary competitive scenario.
Auto Keratometer Market Dynamics:
Growing demand for eye testing equipment and the increasing importance of the introduction of novel keratometers with advanced technology, like AI, and the IoT are expected to grow in the market in the forecasted period. Keratometer is a device used for measuring the anterior surface of curvature across a fixed chord length. Auto keratometers are based on the principle of constant image size and variable image size. It is easy to use. It is also known as an autorefractor keratometer. This machine is a computer-controlled machine that is used for the testing of the eye and it is also used for measurement of error degree in the eye.

Over the past few years, the diseases like astigmatism, hyperopia, myopia, and many more are increasing rapidly and usage of eye equipment is also increasing, which drive the market for auto keratometers in the forecasted period. According to the WHO, more than 940 million people are suffering from presbyopia and unaddressed error. It is mainly used by ophthalmologists for continuous diagnosis of the eye and it also measures the error degree of the eye and is expected to create growth opportunity in the market by 2029. Imprecise measurement of the corneal arc of the eye will lead to imperfection in the arc. Medical spaces, parallax errors, and personnel are increasingly adopting the device, which will create strong demand in the forecasted period. Increasing manufacturing of the auto keratometer in the market is escalating R&D activities to launch innovative novel keratometers with advanced technology and features, this will increase the sale of keratometers in the forecasted period.

The challenges faced by the auto keratometers market are the device costs very high, it needs professionals to operate, and the availability of the low-cost device in the market, which will hamper the market in the forecasted period. The current price of the auto keratometer is $5020.
Auto Keratometer Market Segment Analysis:
Based on Type, the Auto Keratometer Market is segmented into Handheld Auto Keratometer and Benchtop Auto Keratometer. The handheld market is dominating the market with the largest market share in 2021. Because it has excellent advanced features like full graphic LCD with a 3.5inch color screen and improved usability with advanced technologies. It is more useful for patient with less experienced children, it can attract the attention of the patient and decrease their anxiety of the patient, and it expecting that it will drive the market growth of Auto Keratometers.

Based on Application, the Auto Keratometer Market is segmented into Hospitals, clinics, educational institutes, and diagnostic centers. In this segment, the healthcare sector is dominating the auto keratometer market in 2021 because of the high demand and also increase in the number of healthcare in BRICS nations and together with the growing populations, this will be expected to drive the market in the forecasted period.
Auto Keratometer Market Regional Insights:
The North American region is expected to witness significant growth at a CAGR of 6.2% through the forecast period. Because of the high technologies used in the development of auto keratometers, supportive healthcare expenditure, and government initiatives regarding the healthcare industry also increasing demand for diagnosis of refractory errors, and the generality of astigmatism conditions. Europe is the second-largest market for the auto keratometer market. According to the American Academy of ophthalmology, 150 million people are using corrective eyewear.

APAC is expecting to grow in the upcoming years because of the growing population of patients suffering from astigmatism conditions. According to the WHO, the APAC region has the highest young population who are suffering from myopia. Where China, Japan, and Singapore these countries have the highest rate of patient myopia about 50% of the total population. It is expected that the prevalence of myopia will rise from 7.8% to 18.5% by 2029.

The objective of the report is to present a comprehensive analysis of the global Auto Keratometer Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Auto Keratometer Market dynamic, and structure by analyzing the market segments and projecting the Auto Keratometer Market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the Auto Keratometer Market make the report investor’s guide.
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Auto Keratometer Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2029


Historical Data:
2017 to 2021
Market Size in 2021:
US$ 5.6 Bn.


Forecast Period 2022 to 2029 CAGR:
5.5%
Market Size in 2029:
US$ 8.59 Bn.


 Segments Covered:
by Type
• Handheld Auto Keratometer
• Benchtop Auto Keratometer


by Application
• Hyperopia
• Myopia
• Astigmatism
• Other Ophthalmic Conditions


by End Use
• Hospitals
• Clinics
• Educational institutes
• Diagnosis Centers



Auto Keratometer Market by Region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Auto Keratometer Market Key Players:
• Nidek Co., Ltd.
• TOMEY CORPORATION
• Righton
• GRAND SEIKO
• Topcon Corporation
• Potec
• BON Optic
• Coburn Technologies, Inc.
• Luneau Technology Group
• Welch Allyn (Hill-Rom)
• Essilor
• AMETEK, Inc. and Reichert, Inc.

Frequently Asked Questions:

1)What is the CAGR of the auto keratometer market in the forecasted period?
Ans. The CAGR of the auto keratometer market in the forecasted period is 5.5%.

2)What is the market size of the Auto Keratometer market in 2021?
Ans. The market size of the auto keratometer market in 2021 was worth USD$ 5.6Bn.

3)What is the market size of the auto keratometer market in 2029?
Ans. The market size of the auto keratometer market is expected to grow by USD$ 8.59 Bn. in 2029.

4)Which segment is expected to hold the largest market share in the auto keratometer market?
Ans. The handheld auto keratometer hold the largest market share in the auto keratometer in 2021.

5)Which region is expected to hold the largest market share in the auto keratometer market?
Ans. The North American region has the largest market share in the auto keratometer.