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Corneal Topographers: Market Outlook and Trends for 2024
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According to The Business Research Company's, The corneal topographers market size has grown strongly in recent years. It will grow from $0.83 billion in 2023 to $0.88 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to increasing volume of surgical procedures, increasing focus on eye health, growth of clinical research in ophthalmology and optometry, rising geriatric population, and increasing government initiatives.
The corneal topographers market size is expected to see strong growth in the next few years. It will grow to $1.12 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to growth in custom and specialty contact lenses, increasing awareness and diagnosis of corneal diseases, growing prevalence of eye disorders, increasing demand for refractive surgery, and modernization of healthcare facilities. Major trends in the forecast period include integration with artificial intelligence (AI) and machine learning (ML), advances in technology, innovations in imaging techniques, telemedicine and remote monitoring, and integration with other diagnostic tools.
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Market Drivers and Trends:
The rising prevalence of eye disorders is expected to propel the growth of the corneal topographers market going forward. An eye disorder is any condition or disease that affects the eye's normal functioning impairs vision or causes discomfort. The prevalence of eye disorders is due to aging populations, increasing screen time, and a higher prevalence of chronic diseases such as diabetes. Corneal topography is used in eye disorders to diagnose and manage conditions such as keratoconus, monitor corneal changes, and plan treatments such as refractive surgery. For instance, in May 2024, according to the Centers for Disease Control and Prevention, a US-based nation's health protection agency, over 90 million Americans aged 40 and above are suffering from vision and eye problems, affecting more than 60% of this age group. By 2050, the incidence of vision impairment and blindness is anticipated to rise by 150%, with associated costs projected to increase by 157%, reaching $373 billion. Therefore, the rising prevalence of eye disorders is driving the growth of the corneal topographers market.
Major companies operating in the corneal topographers market are developing advanced products such as artificial intelligence (AI)-based corneal topographers to enhance diagnostic accuracy and treatment planning. An artificial intelligence (AI)-based corneal topographer is an advanced diagnostic device that incorporates AI technology to improve the accuracy, efficiency, and functionality of corneal mapping. For instance, in April 2024, GOOD Vision Technologies Co. Ltd., a China-based ophthalmic optics and diagnostics company, launched a K-shaped corneal topographer, an innovative solution designed for patients as young as four years old, providing eye care practitioners with an efficient and precise option to enhance patient care. Featuring advanced AI algorithms, the K-Shape identifies corneal irregularities for accurate image capture and real-time data analysis, optimizing efficiency during eye examinations and clinical workflows. This AI integration improves eye examination efficiency and streamlines clinical workflow workflows.
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Major Key Players of the Market:
Carl Zeiss AG, Topcon Corporation, Optos PLC, Heidelberg Engineering GmbH, Rexxam Co. Ltd., Reichert Inc., Ziemer Ophthalmic Systems AG, Optopol Technology S.A., Briot USA, SCHWIND eye-tech-solutions GmbH, Visionix Ltd., Tomey Corporation, OPTIKON 2000 S.p.A., Cassini Technologies Limited, Medmont International Pty Ltd., Costruzioni Strumenti Oftalmici (CSO), I-optics B.V., Nidek Co. Ltd., EyeSys Vision LLC, Tracey Technologies LLC, Aeon Imaging LLC, Eyenuk Inc., OcuSciences Inc., CenterVue Inc
Corneal Topographers Market 2024 Key Insights:
• The corneal topographers market size is expected to see strong growth in the next few years. It will grow to $1.12 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%.
• Rising Prevalence Of Eye Disorders Fuels Growth In Corneal Topography Market
• Advancements In artificial intelligence (AI)-Driven Corneal Topography Enhancing Diagnostic Precision And Patient Care
• North America was the largest region in the corneal topographers market in 2023
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