Next Generation Optical Biometry Devices Market Estimated to Expand by 2028 | Optovue, Incorporated, Topcon Corporation, TOMEY GmbH

More than 70% Revenue Contribution of Leading Manufacturers in Next Generation Optical Biometry Devices Market

Next generation optical biometry devices market size is largely dominated by manufactures, competing on the basis of pricing in the market. The fragmented nature of the market decreases profitability of business. Growing awareness about eye care is increasing the rate of patients opting for cataract and refractive surgeries, increasing demand for next generation optical biometry devices. Swept-source technology based next generation optical biometry products are increasing revenue opportunities for global manufacturers. Companies, such as Carl Zeiss AG, Nidek Co Ltd, Haag-Streit AG(Metall Zug AG), hold over 70% revenue share in the global next generation optical biometry devicesmarket driving continuous innovation. Further, companies operating in next generation optical biometry devices market are collaborating with local distributors/retailers to increase product penetration in next generation optical biometry devices.

Swept-source Optical Coherent Based Biometry Devices to Exhibit Highest Revenue Share in the Next Generation Optical Biometry Devices Market

Swept-source optical coherent based optical biometry devices are gaining popularity in the U.S. market. These category of next generation optical biometry devices market are used especially at hospitals and ophthalmology clinics and specialized eye centers.Demand for precision in measurement is increasing demand for next generation optical biometry devices. Moreover, ease of usage and low dependency on trained professionals are factors increasing demand for next generation optical biometry devices. Information provided by next generation optical biometry devices is used before refractive surgeries for the determination of the IOL (intraocular lens). Next generation optical biometry devices reduce the undetected poor fixations by the optical ultrasound biometry devices. Also, next generation optical biometry devices are highly efficient and fast eliminating manual errors from traditional biometry devices.  For instance, next generation optical biometry devices - Pentacam AXL, FDA-cleared can be used with a single measuring operation. Pentacam device has a comprehensive IOL database and offers a well-targeted screening process for eyes.

Ease of Access to Eye Care Fuelling Adoption of Next Generation Optical Biometry Devices

Ease of access to eye care from geriatric population is increasing globally. Low cost eye care services and increasing density of ophthalmology clinics in developed as well as developing markets contributes to increasing adoption of next generation optical biometry devices. The WHO has estimated that ~18 Mn blind people suffer from cataract globally. The manufacturers are making efforts by improving the technology, e.g. Carl Zeiss has introduced PCI technology to improve its product portfolio and launched IOL master 700 with total keratometry – the latest next generation optical biometry device for higher accuracy.  Similarly, other manufacturers are working towards reducing post-operative refractive errors to develop better next generation optical biometry devices.

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Availability of Reimbursement Options in the U.S. Fuelling Demand for Next Generation Optical Biometry Devices

The U.S. government has increased its healthcare expenditure to approximately 7% by providing Medicare and Medicaid services - fuelling availability of reimbursement for cataract surgeries.  This is fuelling demand for advanced next generation optical biometry devices. Patient safety is top most priority in the U.S. which signals demand for faster and better ocular imaging. New companies such as Newway Technology and OCULUS Optikgeräte GmbH are entering into the next generation optical biometry devices market by launching new product features such as Rotating Scheimpflug imaging technology to obtain better images of the lens and cornea.

Competitive Landscape

Competition section of next generation optical biometry devices market report features profiles of key players based on their market shares, differentiating strategies, product offerings, and marketing approach. Some of the key players featured in next generation optical biometry devices marketreport include Carl Zeiss AG, Nidek Co Ltd, Haag-Streit AG(Metall Zug AG), Ziemer Ophthalmic Systems, Optovue, Incorporated, Topcon Corporation, TOMEY GmbH,  Movu Inc. (unit of Santec Corporation) , Newway Technology and  OCULUS Optikgeräte GmbH. The largest player in the next generation optical biometry devices market is Carl Zeiss AG with its IOL masters and Haag-Streit AG’s Lenstar.

Carl Zeiss AGoffers 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 foundation for calculating the IOL power.

Key manufacturers of next generation optical biometry devices are focusing on novel marketing strategies to increase product penetration. The companies of next generation optical biometry devices are concentrating on price floor strategies and offering lucrative discounts.

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Definition

Next generation Optical biometry devices are used to measure, length and width of the eye, cornea, anterior chamber depth, thickness of the lens. These parameters are required to calculate the intraocular power by providing the accurate information prior to the surgery.

About the Report

The company conducted a research study on next generation optical biometry devices market for the forecast period 2018 to 2028. The next generation optical biometry devices market report offers a comprehensive evaluation of the business opportunities prevailing in the next generation optical biometry devices market along with insights on the technology used in the next generation optical biometry devices, trends, and awareness level for cataract surgeries and increasing demand for optical biometry devices market competition. The report elaborates on the macroeconomic factors influencing the dynamics of next generation optical biometry devices market and their future potential.

Segmentation

The report offers a comprehensive taxonomy of next generation optical biometry devices based on product type, end user and region. Next generation optical biometry devices are used to diagnose various eye related disorders such as cataracts and refractive disorders, such as astigmatisms, myopia and presbyopia etc. These next generation optical biometry devices are used by hospitals, Ophthalmology clinics and specialized eye centers and Ambulatory surgical centers. The next generation optical biometry devices has been analyzed across regions of North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan, Japan and MEA.

Additional Questions Answered

Some of the additional questions addressed in this report on next generation optical biometry devices -

What is the revenue potential of next generation optical biometry devices across regions of North America and Europe?

Who are the key competitors and what are their portfolios in next generation optical biometry devices market?

What are major challenges influencing the growth of next generation optical biometry devices market?

How intervention from regulatory authority is shaping the next generation optical biometry devices market growth?

Research Methodology

The next generation optical biometry devices market has been estimated based on supply-demand approach. The market was first calculated based on next generation optical biometry devices volume and installed base in different region/countries. Volume estimate of installed base of next generation optical biometry devices in top 20 countries were multiplied by weighted average prices to obtain value. Other qualitative factors for next generation optical biometry devices analyzed include replacement rate for next generation optical biometry devices, etc... This information was further validated through rigorous primary research and triangulated through secondary research. The research study on next generation optical biometry devices market analyzes trends and economic factors shaping revenue potential of next generation optical biometry devices market. With this approach, the report on next generation optical biometry devices market anticipates the revenue attractiveness of every segment in next generation optical biometry devices over the forecast period.

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