What Are The 5 Takeaways From The Autorefractor Market Overview 2024
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The autorefractor market size has grown rapidly in recent years. It will grow from $1.56 billion in 2023 to $1.73 billion in 2024 at a compound annual growth rate (CAGR) of 11.2%. The growth in the historic period can be attributed to the rise of telemedicine and remote eye care, the growing aging population, the increasing need for eye care services, rising awareness of eye health, and government initiatives and policies. The autorefractor market size is expected to see rapid growth in the next few years, growing to $2.65 billion in 2028 at a CAGR of 11.3%. The growth in the forecast period can be attributed to the increasing prevalence of vision diseases, rising demand for precision and efficiency in eye care, integration with electronic health records, growing investment in research and development, and rising usage of spectacles and contact lenses. Major trends in the forecast period include the development of smaller and portable autorefractors, integration with digital platforms, the adoption of artificial intelligence (AI) and automation, demand for teleophthalmology, and growing customization and personalization in eye care solutions.
The rising incidence of vision diseases is expected to drive the growth of the autorefractor market. Vision diseases impair visual clarity and affect components of the visual system, such as the eyes and optic nerves. The prevalence of vision diseases is increasing due to aging populations, increased screen time, poor lifestyle choices, and chronic conditions. Autorefractors are used to diagnose vision diseases by measuring refractive errors and determining corrective lenses. For instance, in August 2023, the Centers for Disease Control and Prevention reported that the number of individuals with vision impairment in the United States would rise to 8.96 million by 2050. Additionally, approximately 6.8% of children under 18 in the U.S. have been diagnosed with eye and vision issues, with nearly 3% experiencing persistent blindness or visual impairment despite corrective eyewear. Thus, the rising incidence of vision diseases is expected to drive the autorefractor market.
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What Are The Key Trends That Influence Autorefractor Market Share Analysis?
Major companies operating in the autorefractor market are developing technologically advanced products, such as wavefront aberrometry, to better serve customers with advanced eye care solutions. Wavefront aberrometry refers to advanced technology designed to measure the way light waves travel through the eye, providing precise and detailed information about visual aberrations. For instance, in October 2021, Grafton Optical, a UK-based provider of optometry and ophthalmology instruments, launched the QuickSee handheld autorefractor from PlenOptika. This device utilizes an open-view binocular design, wavefront aberrometry, and dynamic measurements to deliver clinically accurate autorefraction measurements. It is suitable for use in clinics and in the field, making it particularly useful for patients with mobility issues. The device can be used indoors or outdoors, and dark eye cups help isolate the patient’s eyes from ambient light in varying light settings.
How Is The Global Autorefractor Market Segmented?
1) By Type: Manual Autorefractor; Automatic Autorefractor
2) By Product: Retinoscopes; Optical Coherence Tomography (OCT) Scanners; Ophthalmoscopes; Fundus Cameras; Optical Biometry Systems; Corneal Topography Systems; Visual Field Analyzers; Ophthalmic Ultrasound Systems; Specular Microscopes; Other Products
3) By Application: Hyperopia; Myopia; Other Applications
4) By End-User: Hospitals; Ophthalmic Clinics; Diagnostic Centers
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The Autorefractor Global Market Report 2024 provides an overview of the autorefractor market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The autorefractor market forecast analyzes autorefractor market size, autorefractor market share, leading competitor and their market positions.
The Table Of Content For The Autorefractor Market Include:
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