Global Phoropters Market Size Study & Forecast, by Product Type (Manual, Automated), By by End User (Hospitals, Ophthalmic Clinics, Others), and Regional Analysis, 2023-2030

Global Phoropters Market Size Study & Forecast, by Product Type (Manual, Automated), By by End User (Hospitals, Ophthalmic Clinics, Others), and Regional Analysis, 2023-2030

Global Phoropters Market is valued at approximately USD 140.3 million in 2022 and is anticipated to grow with a healthy growth rate of more than 4.4% over during the forecast period 2023-2030. A Phoropter is an essential ophthalmic instrument containing cylinders, prisms, and lenses, facilitating the measurement of refractive errors in the eye. Refractive errors are prevalent vision issues that hinder light from properly focusing on the retina. These errors include myopia (nearsightedness), hyperopia (farsightedness), astigmatism, and presbyopia. Eye care professionals utilize the Phoropter during comprehensive eye examinations to precisely determine eye prescriptions, ensuring optimal visual acuity and correction for patients. The Phoropters Market is expanding because of factors such as the growing healthcare expenditure, rising aging ageing population, an increasing number of optometrists, and surge in the number of initiatives made by government entities. As per the General Optical Council 2021 report, there were 28,480 optometrists, dispensing opticians, student optometrists, and student dispensing opticians are registered in the United Kingdom, which is a 2.80% growth from 2019.

In addition, the rising incidence of refractive errors is acting as a catalyzing factor for the demand of for phoropters fueled by growing awareness and timely diagnosis initiatives globally, aimed at alleviating the economic burden associated with such conditions. The escalating number of individuals seeking eye examinations is expected to bolster demand for ophthalmic testing devices. Moreover, the rising prevalence of chronic conditions like such as diabetes mellitus intensify intensifies refractive errors, with acute hyperglycemia linked to myopic refraction, as per studies published in the Investigative Ophthalmology & Visual Science in March 2023. Consequently, the increasing incidence of comorbidities is anticipated to expand the patient pool for refractive disorders, driving demand for routine eye checkups and the need for devices to measure refractive errors, thereby fostering market growth. Moreover, the growing awareness regarding eye health and preventive care, as well as the rising technological integration and automation present various lucrative opportunities over the forecast years. However, the high costs associated with automated devices and the limited reimbursement policies are challenging the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Phoropters Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the rising prevalence of refractive errors, growing advancements in phoropter technology, and increasing prevalence of ophthalmic disorders. Whereas, Asia Pacific is expected to grow at the highest CAGR over the forecast years. The increase in aging ageing population, growing healthcare expenditure, as well as rising public awareness about the importance of eye health and routine eye examinations are significantly propelling the market demand across the region.

Major market players included in this report are:
Topcon Corporation (Japan)
NIDEK CO., LTD. (Japan)
Reichert, Inc. (AMETEK, Inc.) (U.S.)
Carl Zeiss AG ZEISS (Germany)
Essilor (EssilorLuxottica) (France)
Visionix (France)
Rexxam Co., Ltd. (Japan)
Marco (U.S.)
Xenon Ophthalmics Inc. (U.S.)
Carl Zeiss AG (Germany)

Recent Developments in the Market:
 In July 2021, Topcon Corporation completed the acquisition of VISIA Imaging S.r.l, an Italian manufacturer of ophthalmic devices. This strategic partnership was designed to enhance Topcon's footprint in the European region.
 In March 2021, Visionix introduced Visionix Eye Refract, a an innovative product featuring an automated binocular and digital phoropter. This innovative system integrates wavefront-based auto-refractometry and keratometry technologies.

Global Phoropters Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered - Product Type, End User, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Product Type:
Manual
Automated

By End User:
Hospitals
Ophthalmic Clinics
Others

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.