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Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

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.

Manufacturers are engaged in developing various types of innovative and modified ophthalmic refractometer equipment such as auto refractors which are highly portable compared to the traditional ophthalmic refractometer. Such innovations help in providing quality diagnosis to patients and is expected to drive the growth of the global ophthalmic refractometer market during the forecast period.

Global Ophthalmic Refractometer Market – Impact of the Coronavirus (COVID-19) Pandemic

COVID-19 pandemic is expected to hamper growth of the global ophthalmic refractometer market during the forecast period. On 11th March 2020, the World Health Organization declared COVID-19 as a pandemic. This led regulatory authorities across the globe to implement major changes in clinical practices in order to curb the spread of COVID-19. According to the data published in Center for Disease Control and Prevention, in 2020, the coronavirus can also enter the body of a person through the mucous membranes of the eyes. Therefore, according to the regulatory authorities, clinicians should interact with the patients through telemedicine for the treatment of eye disorders. Only under emergency cases, such as glaucoma, partial blindness etc. patients are treated in the hospitals and clinics and the procedure is carried out under stringent conditions.

The global ophthalmic refractometer market is estimated to be valued at US$ 192.8 million in 2020 and is expected to witness a robust CAGR of 2.3% over the forecast period (2020 - 2027).

Figure 1: Global Ophthalmic Refractometer Market Share (%) Analysis, By Product Type, 2020

Ophthalmic Refractometer  | Coherent Market Insights

Launch of products by key players is expected to drive the growth of the global ophthalmic refractometer market during the forecast period.

Market players are engaged in launching innovative products which is expected to drive the growth of the global ophthalmic refractometer market. For instance, in 2019, NIDEK CO., LTD., launched the Auto Ref/Keratometer/Auto Refractometer whose functions are fully automatic. The device works by just placing the chin on the chin rest. The voice guidance feature allows smooth and easy measurement for the operator.

The rising prevalence of diabetes is also expected to increase the number of visual impairment cases. This in turn, is expected to drive the growth of the ophthalmic refractometer market during the forecast period.

The rising incidence of diabetes among the population is expected to favor growth of the global ophthalmic refractometer market during the forecast period. For instance, according to the data published in the International Diabetes Federation, 2020, Diabetes causes eye problems such diabetic 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.

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Ophthalmic Refractometer Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2020: US$ 192.8 Mn
Historical Data for: 2017 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 2.3 % 2027 Value Projection: US$ 226.0 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Central Africa
Segments covered:
  • By Product Type:
    • Automatic: Portable/ Handheld, Non - Portable.
    • Semi-Automatic.
  • By End User: Optometric Centers, Hospitals / Clinics, Others.
Companies covered:

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.

Growth Drivers:
  • Product launches
  • Increasing prevalence of diabetes
Restraints & Challenges:
  • Cost of the ophthalmic refractometer
  • Calibration of the auto refractor

Global Ophthalmic Refractometer Market - Restraints

High cost of equipment is expected to restrain the global ophthalmic refractometer market growth during the forecast period. For instance, cost of a single ophthalmic refractometer is in the range of US$ 3,751.11 million to US$ 5,115.15 million, hence hospitals and some ophthalmic clinics have less access to such costly ophthalmic refractometer.

Moreover, while using auto refractors, manual examination of the patient’s eyes is not required. The disadvantages of using an auto refractor include the possibility of calibration errors which can interfere with results and may not diagnose the condition of the patients properly. Moreover, co-operation of the patients is also required during the diagnosis process.

Global Ophthalmic Refractometer Market – Regional Analysis

On the basis of region, the global ophthalmic refractometer market is segmented into North America, Latin America, Europe, Asia pacific, Middle East and Africa.

North America is expected to hold the dominant position in the global ophthalmic refractometer market during the forecast period owing to the increasing prevalence of age-related macular degeneration among the population. For instance, according to the American Academy of Ophthalmology, in 2019, in the U.S., age-related macular degeneration (AMD) is one of the leading causes of blindness in one or both eyes among individuals over the age of 50. An estimated 15 million people in North American are suffering from AMD, out of which 85–90% of the population has dry AMD, while, 10 – 15% has wet AMD. The greater percentage of the population in the U.S. is above the age of 60 and it has been predicted that the number of patients suffering from AMD will increase by 60% by the end of 2020.

Europe is expected to be an emerging ophthalmic refractometer market during the forecast period, owing to product launches in the region. For instance, in 2016, Topcon Corporation, a Japanese manufacturer, launched auto kerato-refractometer KR-800A in Europe. 3D auto alignment function and 8.5 inch touch screen panel makes the device easier to use and also increases efficiency of the results.

Figure 2: Global Ophthalmic Refractometer Market Value (US$ Mn) & Y-o-Y Growth (%), 2019 - 2027

Ophthalmic Refractometer  | Coherent Market Insights

Global Ophthalmic Refractometer Market – Competitive Landscape

Major players operating 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.

Ophthalmic refractometer is a manually and computer-controlled device i.e. auto refractor.  The equipment provides information regarding refractive errors and prescription of eyeglasses or contact lenses. The ophthalmic refractometers have sensors that detect the changes taking place in the cone cells of the eye. The device can also measure when the person’s eyes can focus properly on an image. Therefore, blindness can be prevented by using ophthalmic refractometer in patients.

Market Dynamics

Many non–governmental organizations, in collaboration with the government hospitals, are spreading awareness regarding eye care. For instance, on 18th February 2020, the Andhra Pradesh government (India) launched free eye checkup drives for senior citizens (above the age of 60) to spread awareness about eye care. The drive was carried out in collaboration with ASHA NGO, NGO hospitals and government hospitals. The drive ended on 31st July 2020 and checked almost 56,88,424 senior citizens in Andhra Pradesh. Therefore, increasing awareness among the population regarding eye care is expected to drive growth of the global ophthalmic refractometer market during the forecast period.

Market players are indulged refractometer market during the forecast period. For instance, in 2016, Essilor International S.A., in collaboration with automobile manufacturing company, Toyota, initiated a vision awareness drive to spread awareness about the importance of eye care for prevention of road accidents in India. The three day drive was carried out in Delhi, India, where the taxi driver’s eyes were checked using ophthalmic refractometer. According to the Essilor International S.A., 2016, out of 700, at least 200 taxi drivers were found to have poor vision and were provided spectacles. Similar such events are being planned by the manufacturer to carry them out all over India.

Key features of the study:

  • This report provides an in-depth analysis of global ophthalmic refractometer market, provides market size (US$ Mn), and compound annual growth rate (CAGR %) for the forecast period (2020 – 2027), considering 2019 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
  • It profiles leading players in the global ophthalmic refractometer market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study 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
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launch, technology up-gradation, market expansion, and marketing tactics
  • The global ophthalmic refractometer market report caters to various stakeholders in this industry including investors, suppliers, ophthalmic refractometer manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision making through various strategy matrices used in analyzing the ophthalmic refractometer market.

Detailed Segmentation:

  • Global Ophthalmic Refractometer Market, By Product Type:
    • Automatic
      • Portable/Handheld
      • Non-Portable
    • Semi-Automatic
  • Global Ophthalmic Refractometer Market, By End User:
    • Optometric Centers
    • Hospitals/Clinics
    • Others
  • Global Ophthalmic Refractometer Market, By Region:
    • North America
      • By Country
        • U.S.
        • Canada
      • By Product Type:
        • Automatic
          • Portable/Handheld
          • Non-Portable
        • Semi-Automatic
      • By End User
        • Optometric Centers
        • Hospitals/Clinics
        • Others
    • Europe
      • By Country:
        • U.K.
        • Germany
        • Italy
        • Spain
        • France
        • Russia
        • Rest of Europe
      • By Product Type:
        • Automatic
          • Portable/Handheld
          • Non-Portable
        • Semi-Automatic
      • By End User
        • Optometric Centers
        • Hospitals/Clinics
        • Others
    • Asia Pacific
      • By Country:
        • Australia
        • India
        • China
        • Japan
        • ASEAN
        • South Korea
        • Rest of Asia Pacific
      • By Product Type:
        • Automatic
          • Portable/Handheld
          • Non-Portable
        • Semi-Automatic
      • By End User
        • Optometric Centers
        • Hospitals/Clinics
        • Others
    • Latin America
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
      • By Product Type:
        • Automatic
          • Portable/Handheld
          • Non-Portable
        • Semi-Automatic
      • By End User
        • Optometric Centers
        • Hospitals/Clinics
        • Others
    • Middle East
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
      • By Product Type:
        • Automatic
          • Portable/Handheld
          • Non-Portable
        • Semi-Automatic
      • By End User
        • Optometric Centers
        • Hospitals/Clinics
        • Others
    • Africa
      • By Country/Region:
        • South Africa
        • Central Africa
        • North Africa
      • By Product Type:
        • Automatic
          • Portable/Handheld
          • Non-Portable
        • Semi-Automatic
      • By End User
        • Optometric Centers
        • Hospitals/Clinics
        • Others
  • Company Profiles
    • Topcon Corporation *
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Highlights
      • Strategies
    • NIDEK CO., LTD.
    • Birmingham Optical
    • EyeQue Corporation
    • Eye Care Leaders, LLC
    • Essilor International S.A.
    • VIEWLIGHT LLC, Canon Inc.
    • Takagi Ophthalmic Instruments Europe Ltd.
    • Luneau Technology USA, Inc.
    • Carl Zeiss AG.

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Overview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By End User
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Regulatory Scenario
    • Epidemiology
    • Key Developments
    • Market Trends
    • Merger and Acquisitions
    • New Product Approvals/Launch
    • PEST Analysis
    • PORTER’s Analysis
  4. Global Ophthalmic Refractometer Market – Impact of Coronavirus (COVID – 19) Pandemic
    • COVID-19 Epidemiology
    • Supply and Demand Impact on Ophthalmic Refractometer
  5. Global Ophthalmic Refractometer Market, By Product Type, 2016-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 - 2027
      • Segment Trends
    • Automatic
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016-2027, (US$ Million)
        • Portable/ Handheld
        • Non – Portable
    • Semi - Automatic
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016-2027, (US$ Million)
  6. Global Ophthalmic Refractometer Market, By End User, 2016-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 - 2027
      • Segment Trends
    • Optometric Centers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016-2027, (US$ Million)
    • Hospitals / Clinics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016-2027, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016-2027, (US$ Million)
  7. Global Ophthalmic Refractometer Market, By Region, 2016-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, For Regions, 2017 - 2027
      • Regional Trends
    • North America
      • Market Size and Forecast, By Product Type, 2016-2027 (US$ Mn)
      • Market Size and Forecast, By End User, 2016-2027 (US$ Mn)
      • Market Size and Forecast, By Country, 2016-2027 (US$ Mn)
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast, By Product Type, 2016-2027 (US$ Mn)
      • Market Size and Forecast, By End User, 2016-2027 (US$ Mn)
      • Market Size and Forecast, By Country, 2016-2027 (US$ Mn)
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Product Type, 2016-2027 (US$ Mn)
      • Market Size and Forecast, By End User, 2016-2027 (US$ Mn)
      • Market Size and Forecast, By Country, 2016-2027 (US$ Mn)
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast, By Product Type, 2016-2027 (US$ Mn)
      • Market Size and Forecast, By End User, 2016-2027 (US$ Mn)
      • Market Size and Forecast, By Country, 2016-2027 (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East
      • Market Size and Forecast, By Product Type, 2016-2027 (US$ Mn)
      • Market Size and Forecast, By End User, 2016-2027 (US$ Mn)
      • Market Size and Forecast, By Country, 2016-2027 (US$ Mn)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Market Size and Forecast, By Product Type, 2016-2027 (US$ Mn)
      • Market Size and Forecast, By End User, 2016-2027 (US$ Mn)
      • Market Size and Forecast, By Country/Region, 2016-2027 (US$ Mn)
        • South Africa
        • Central Africa
        • North Africa
  8. Competitive Landscape
    • Heat Map Analysis
    • Company Profiles
      • Topcon Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Strategies
      • NIDEK CO., LTD.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Strategies
      • Birmingham Optical Group Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Strategies
      • EyeQue Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Strategies
      • Eye Care Leaders, LLC
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Strategies
      • Essilor International S.A.,
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Strategies
      • VIEWLIGHT LLC
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Strategies
      • Canon Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Strategies
      • Takagi Ophthalmic Instruments Europe Ltd
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Strategies
      • Luneau Technology Operations SAS.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Strategies
      • Carl Zeiss AG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Strategies
    • Analyst Views
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 33 market data tables and 25 figures on "Global Ophthalmic Refractometer Market” - Global Forecast to 2027”.

Frequently Asked Questions

The global ophthalmic refractometer market is expected to register a CAGR of 2.3 % during the forecast period (2020-2027).
The value of the global ophthalmic refractometer market is estimated to be US$ 192.8 million in 2020.
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. are some of the prominent players operating in the global ophthalmic refractometer market.
The ophthalmic refractometer market is expected to be valued at US$ 226.0 million in 2027.
Portable automatic ophthalmic refractometer is the leading product type segment in the global ophthalmic refractometer market.
North America is the prominent region in the ophthalmic refractometer market.
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