Digital healthcare space to be encompassed by the Lensometer Market at a CAGR of 4.9%

A lensometer is an essential device used by optometrists and ophthalmologists to measure the optical properties of lenses, including their power, axis, and prism. The lensometer market is a significant component of the ophthalmic equipment market, which includes devices for diagnosing, treating, and monitoring eye diseases. The global lensometer market is expected to grow at a moderate pace in the coming years, driven by several factors, including the growing incidence of eye disorders, increasing demand for advanced ophthalmic devices, and expanding healthcare infrastructure.

Market Overview:

The global lensometer market expanded at a CAGR of 3.9% over the last nine years from 2012 to 2021. The market was valued at US$ 262.5 Mn in 2021 and is expected to reach a valuation of US$ 442.8 Mn by 2032, expanding at a CAGR of 4.9% over the 2022-2032 study period.As per this detailed industry analysis by Persistence Market Research, manual lensometers dominated the global market in 2021 in terms of revenue, accounting for around 61.1% of the total market, and their demand is predicted to expand at a CAGR of 4.4% over the decade.

Revenue from lensometer sales accounted for 8.2% share of the global ophthalmic diagnostic and monitoring market, which was estimated at around US$ 3.2 Bn in 2021.

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Companies:

Topcon Corporation
Huvitz Corp.
Carl Zeiss
NIDEK CO.
Essilor
Takagi Seiko
REXXAM
Visionx
Ningbo FLO Optical

Drivers and Restraints:

The increasing prevalence of eye disorders and growing awareness about eye health are major drivers of the lensometer market. Additionally, the rising demand for advanced ophthalmic devices, increasing healthcare expenditure, and expanding healthcare infrastructure are expected to drive market growth. Technological advancements and the introduction of innovative lensometers with improved accuracy and ease of use are also likely to boost market growth.

One of the significant challenges faced by the lensometer market is the high cost of advanced devices, which may restrict their adoption, especially in developing countries. The lack of skilled professionals and limited access to healthcare facilities in certain regions may also hinder market growth. Additionally, the availability of alternative devices and techniques for measuring optical properties, such as autorefractors, may also pose a challenge to the growth of the lensometer market.

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Key Segments Covered in Lensometer Industry Research

By Product:

Manual
Automated

By End User:

Hospitals
Ophthalmic Clinic
Academic and Research Institutes
Optical Stores

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