Ophthalmic Refractometer Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029
Global Ophthalmic Refractometer Market – Overview
Ophthalmic refractometer is an equipment which is used for measuring lens strength and power, in order to provide patients with proper eyeglasses for correcting their vision. Common types of vision impairments in patients are myopia, hyperopia and astigmatism among others. Most of the eye problems arise from stress, unhealthy lifestyle, improper nutrition, underlying diseases, genetic disorders etc.
Global Ophthalmic Refractometer Market – Key Players
The competition in the global ophthalmic refractometer market is high. The companies in the market are constantly doing R&D activities to stay ahead of the competition. Some of the key players in the in the global ophthalmic refractometer market are Topcon Corporation, NIDEK CO., LTD., Birmingham Optical Group Ltd., EyeQue Corporation, Eye Care Leaders, LLC, Essilor International S.A., VIEWLIGHT LLC, Canon Inc., Takagi Ophthalmic Instruments Europe Ltd., Luneau Technology Operations SAS and Carl Zeiss AG
Global Ophthalmic Refractometer Market – Drivers and Restraints
There are multiple factors that are projected to drive the overall development of the global ophthalmic refractometer market. One of the key factors that is driving the market growth has been the increasing cases of diabetes among global population that leads to visual disorders. Diabetes can cause retinopathy, cataract, diabetic macular edema, glaucoma, and double vision in patients. Moreover, according to the same source, diabetic retinopathy is a common and leading cause of blindness in the diabetic population who are in the age group of 20 – 65 years. Furthermore, one in three people with diabetes develop diabetic retinopathy at some point in their life time. The occurrence of diabetic retinopathy can be prevented by following a healthy life style and taking the prescribed medication as required.
However, there are some factors that might impede the market growth in the coming years of the forecast period. One of the biggest inhibiting factor for the global ophthalmic refractometer market is the high cost of equipment. A single device is extremely high and such high costs are not affordable to small and medium hospitals. Thus this has become a key restraining factor for the market development.
Global Ophthalmic Refractometer Market – Geographical Outlook
Based on the geographical segmentation, there are five key regions of the global ophthalmic refractometer market. These regions are North America, Latin America, Middle East and Africa, Asia Pacific, and Europe. Of these, currently, the global ophthalmic refractometer market is being dominated by the regional segment of North America. The region is expected to continue to dominate over the course of the given forecast period ranging from 2019 to 2027. The growth of the region is mainly attributed to the increasing prevalence of age-related macular degeneration among the population residing there. According to a recent study by American Academy of Ophthalmology, age-related macular degeneration or AMD is one the leading factors for increasing blindness in one or both the eyes among persons over the age of 50. As such there are more than 15 million people in the North America region who are susceptible to the disorder. Thus, with such growing number of patients, the ophthalmic refractometer market in the North America region is witness highly promising growth opportunities.
On the other hand, the regional segment of Asia Pacific is expected to witness a promising growth rate in the coming years of the forecast period. One of the key factors driving the market growth has been the increased spending by emerging economies for the development of their healthcare infrastructure.
The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.
TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.
TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.
5-Point Growth Formula
The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.
The 5-point growth formula includes the following points:
Current and Future Threats
Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.
Accurate Trend Analysis
Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.
Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.
The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.
The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.
The reports offer answers to the top 7 questions that revolve around the growth of the market
Flat 10% discount on Single User License if you prebook this report
Flat 10% discount on Multiple User License if you prebook this report
Flat 10% discount on Corporate License if you prebook this report