Optical Biometry Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Optical Biometry Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : February, 2020 | Medical Devices | PPT format

Report Digest


Global Optical Biometry Devices Market: Overview 

Optical biometry is the standard name of the intraocular lens (IOL), which is used for power calculations in general clinical practice. It is highly accurate and non-invasive method with automated working which ensures the measuring of anatomical characteristics of the eyes. For its accuracy, it is placed before cataract surgery for measurements of critical determination of the correct power of eyes through IOL. Thus, before analyzing the correct lens, the power needs to be determined effectively. 

Based on the product, the optical biometry devices market is expected to be segregated into OLCR-based optical biometers, SS-OCT-based optical biometers, and PCI-based optical biometers. Of these, the segment of SS-OCT-based optical biometers is expected to account for the leading share in terms of demand and revenue. The presence of features including rapid data collection, the competence to overcome ocular opacities, multiple measurements in a particular process, and superior wavelength are expected to drive the segmental growth. 

Global Optical Biometry Devices Market: Notable Developments 

The market is highly consolidative due to the presence of a few companies in the market. In order to stand alone in the market, the key players are capitalizing in the research and development, which is expected to benefit the market by introduction of new devices in the market.

In 1999, the first automated non-invasive optical biometry device became available to clinicians, after that the optical biometry devices market has undergone robust development. A-scan ultrasound used for AL measurement, which has inconsistencies, that impact efficiency during the final measurements. Whereas, the use of PCI technology is used in the process of AL measurement is simple, reliable, and offers more accuracy. Use of these technologies has improved the reliability of K measurements. These technologies are expected to continue to evolve and in turn, are driving growth of the optical biometry devices market size. 

Some of the most prominent competitors operating in the competitive landscape of global optical biometry devices market include –

  • Metall Zug AG
  • Carl Zeiss Meditec AG
  • Menicon Co. Ltd.
  • Topcon Corp.
  • NIDEK Co. Ltd.
  • Santec Corp

Global Optical Biometry Devices Market: Drivers and Restraints 

Global optical biometry devices market likewise requires a change of the ultrasound speed optical condition is available for example silicone oil. Be that as it may, huge preparing is required for the inspector to evade mistakes. For the most part, the IOL control count isn't precise for all patients. Every one of these issues is tended to by optical biometry. Optical biometry devices give the genuine optical length of the eye as it uses light rather than sound for the estimation as of the shorter wavelength. 

In addition, the market is driven by the ascent in the commonness of waterfall among the maturing populace, because of diabetes, undesirable way of life. With the expansion in extra cash among the populace, individual’s inclination for refractive medical procedures and IOL implantation will drive the global optical biometry devices market. Notwithstanding, restricted gifted personals and accessibility of satisfactory testing hardware are not many components, which may thwart the development of the global optical biometry devices market. 

Global Optical Biometry Devices Market: Regional Outlook 

On the basis of region, the optical biometry devices market is segmented into North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. Of these, North America is expected to dominate the global optical biometry devices market owing to the factors such as rising geriatric population and a significant increase in the occurrence of diabetes in the region. Additionally, the factors such as rising obese population coupled with rising awareness about health among region are driving growth of the optical biometry devices market.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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