[248 Pages Report] As per Future Market Insight’s latest published report, the global Next Generation Optical Biometry Devices Market was valued at US$ 320.7 Million in 2021.
| Attribute | Details |
|---|---|
| Next Generation Optical Biometry Devices Market Size (2021) | US$ 320.7 Million |
| Sales Forecast for Next Generation Optical Biometry Devices (2028) | US$ 461.3 Million |
| Global Market Growth (2022 to 2028) | 5.4% CAGR |
| Market Share of Top 5 Next Generation Optical Biometry Device Manufacturers | 60% |
Sales of next generation optical biometry devices are slated to rise at a CAGR of 5.4% to reach US$ 461.3 Million by 2028.
In 2021, next generation optical biometry device shipments represented 16.1% share of the global ophthalmic imaging devices market. Hospitals account for 41.8% revenue share of the next generation optical biometry devices
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| Particulars | Details |
|---|---|
| H1, 2021 | 5.11% |
| H1, 2022 Projected | 5.36% |
| H1, 2022 Outlook | 4.76% |
| BPS Change - H1, 2022 (O) - H1, 2022 (P) | (-) 60 ↓ |
| BPS Change - H1, 2022 (O) - H1, 2021 | (-) 35 ↓ |
According to Future Market Insights analysis, the global next generation optical biometry devices market expects to drop by 35 Basis Point Share (BPS) in H1-2022 as compared to H1- 2021. Whereas in comparison to H1-2022 projected value, the market during H1-2022 outlook period will show a dip of 60 BPS.
Major factors attributed to this dip includes lack of trained professionals, and a high cost of optical biometry devices which is set to provide a restrictive impact upon the market growth through the forecasted years.
Moreover, advances in product design and integration of digitalized solutions together with product adoption scenario may be impacted with the cost constraints of initial equipment setting up, as well as the gradual maintenance and upgrade costs to follow.
Following several restrictive scenarios, the market has observed a change in the BPS values, and thus will be likely to experience a slow progression towards sales adoption over the next few years.
However, increasing incidence of eye diseases such as cataract and refractive errors coupled with rising number of eye care clinics and hospitals across the world are factors driving adoption of next generation optical biometry devices.
With advancements in technology, automated versions of next generation optical biometry devices have been developed aiding measurement of eyes before refractive and cataract surgeries. Such factors are expected to influence the market growth in upcoming years.
As per FMI, the global next generation optical biometry devices market was valued at US$ 320.7 Mn in 2021.
Increasing incidence of eye diseases such as cataract and refractive errors coupled with rising number of eye care clinics and hospitals across the world are factors driving adoption of next generation optical biometry devices.
With advancements in technology, next generation optical biometry devices have been developed aiding measurement of eyes before refractive and cataract surgeries.
Next generation optical biometry devices are automated and measure various parameters such as axial length, anterior chamber depth, thickness of lens, retinal thickness, pupil size, and much more.
Next generation optical biometry devices are an accurate alternative for precise measurements and provide efficient results. Also, next generation optical biometry equipment avoid operator variations in measurements.
Rapid increase in the number of probe infections due to usage of ultrasound devices lead to post-operative errors, fueling demand for next generation optical biometry devices instead of ultrasound devices.
Manufacturers of next generation optical biometry devices are introducing automated instruments that are more efficient in measuring the segments of the eyes. Next generation optical biometry device suppliers are working on strengthening the related software to provide detailed information about the eye segments.
Companies manufacturing optical biometry devices are collaborating with local distributors/retailers to increase the product penetration of next generation optical biometry equipment.
Considering this, it is expected that the global next generation optical biometry devices market will rise at a CAGR of 5.4% over the forecast period.
Principal Consultant
The North American next generation optical biometry devices market is projected to account for 26.8% of the global market share in 2022.
According to the Prevent Blindness organization, 25 Mn Americans having cataract require medical care every year in the U.S., thereby boosting demand for next generation optical biometry equipment in the region.
Rising acceptance of advanced optical biometry equipment, quick development of eye care infrastructure, and changing lifestyles are some of the factors that are predicted to contribute to next generation optical biometry devices market expansion in the region.
The USA government has increased its healthcare expenditure to approximately 7% by providing Medicare and Medicaid services - fueling availability of reimbUSAment for cataract surgeries. This is driving demand for advanced next generation optical biometry devices.
Patient safety is of topmost priority in the USA, which signals demand for faster and better ocular imaging. Emergence of optical devices, high potency and fastness of these devices, and growing number of hospitals are factors driving market growth of next generation optical biometry instruments and devices in the USA
Growing demand for next generation optical biometry devices is being noted in the UKdue to rising number of cataract surgeries.
Growing use of next generation optical biometry devices for cataract surgeries in hospitals as well as progressive increase in the number of government and private hospitals in the UKare expected to boost demand growth of next generation optical biometry devices.
Increase in the number of cataract treatments performed and rising adoption of innovative practices for such procedures will also propel the market forward.
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In terms of revenue, swept-source optical coherent based biometry devices will account for significant revenue share in the next generation optical biometry devices industry over the forecast period. Swept-source optical coherent based biometry devices are set to exhibit highest revenue share in the next generation optical biometry devices market
Swept-source optical coherent based optical biometry devices are gaining popularity in the USA market. This category of next generation optical biometry devices is used especially at hospitals and ophthalmology clinics and specialized eye centers.
Some of the qualities driving demand for swept-source optical coherent based biometry devices include fast data capture, several measurements in a single process, enhanced wavelength, and the capacity to overcome ocular opacities.
The superiority of swept-source optical coherent based biometry devices over partial coherent interferometry is demonstrated by their ability to measure the axial length along six separate axes.
Hospitals account for 41.8% revenue share in next generation optical biometry device demand.
The market is predicted to grow as the number of private and government hospitals gradually increases. Growing use of next generation optical biometry devices in medical settings, such as hospitals, is expected to boost overall market expansion.
Medical services and vision benefits offered under Medicare include cataract surgeries, which will increase demand for next generation optical biometry devices over the coming years. Patients' increased trust in hospitals that are committed to providing all types of medical solutions will further fuel market growth.
COVID-19 posed significant challenges to the optical biometry devices market in recent months, pushing market participants to the limit. Companies are finding it harder to make informed judgments regarding their products, supply networks, and regulatory duties while the COVID-19 pandemic continues to unfold.
COVID-19 forced a lot of people to postpone medical treatment, which has the potential to have a significant influence on the healthcare industry. Manufacturers are figuring out how to recover from the current situation by reorganizing their sales channels and introducing new products. The global market for next generation optical biometry devices is likely to stabilize over the coming years.
The competition section of the next generation optical biometry devices industry report features the profiles of key players based on their market shares, differentiating strategies, product offerings, and marketing approach.
Key manufacturers of next generation optical biometry devices are focusing on novel marketing strategies to increase product penetration. Companies supplying next generation optical biometry products are concentrating on price floor strategies and offering lucrative discounts.
| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2028 |
| Historical Data Available for | 2013 to 2021 |
| Market Analysis | Value in US$ Million, Volume in Units |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia & Pacific; Middle East & Africa (MEA) |
| Key Countries Covered | USA, Canada, Mexico, Brazil, Mexico, Argentina, Germany, Italy, France, UK, Nordic, Spain, Japan, China, India, Malaysia, Thailand, Australia, GCC Countries, South Africa, Turkey |
| Key Market Segments Covered | Product Type, End User, Region |
| Key Companies Profiled | Nidek Co Ltd.; Ziemer Ophthalmic Systems; TOMEY GmbH; Movu Inc.; OCULUS Optikgeräte GmbH.; Bausch & Lomb Incorporated; Topcon Corporation; Heine Optotechnik GmbH & Co. KG; AMETEK, Inc.; Optovue, Incorporated; Leica Microsystems GmbH |
| Pricing | Available upon Request |
The next generation optical biometry devices market is anticipated to experience a CAGR of 5.4%, culminating in a market valuation of US$ 461.3 million by 2028.
Challenges encompass high initial costs, data security concerns, privacy issues, and adapting to evolving reimbursement policies.
Fueled by the demand of 25 million people needing cataract care annually, North America leads the global next generation optical biometry devices market.
Swept-source optical coherence-based biometry devices secure significant revenue due to advanced imaging, better accuracy, and suitability for complex ocular conditions.
Rising eye disease prevalence, growing elderly population, accuracy-boosting tech advancements, and demand for minimally invasive surgeries drive product demand.
A recent key development in the market involves the introduction of portable handheld devices for telemedicine applications.
1. Executive Summary 1.1. Market Overview 1.2. Market Analysis 1.3. FMI Analysis and Recommendations 1.4. Wheel of Fortune 2. Market Introduction 2.1. Market Taxonomy 2.2. Market Definition 3. Next Generation Optical Biometry Devices Market Opportunity Analysis 3.1. Macro-Economic Factors 3.2. Opportunity Analysis 4. Global Economic Outlook 4.1. Global Gross Domestic Product by Region & Healthcare spending 5. Market Background 5.1. Value Chain Analysis 5.2. Market Dynamics 5.2.1. Drivers 5.2.2. Restraints 5.2.3. Trends 6. Macroeconomic Assumptions 7. Key Inclusions 7.1. Pricing Analysis 7.2. Value Chain Analysis 7.3. Regulatory Scenario 8. North America Next Generation Optical Biometry Devices Market Analysis 2013-2021 and Forecast 2022–2028 8.1. Introduction 8.2. Historical Market Value (US$ Mn) Analysis by Country, 2013-2021 8.2.1. U.S. 8.2.2. Canada 8.3. Market Value (US$ Mn) Forecast By Country, 2022–2028 8.4. Historical Market Value (US$ Mn) and Volume Analysis by Product Type, 2013-2021 8.4.1. Swept-source Optical Coherence Tomography (OCT) based Biometers 8.4.2. Partial coherence interferometry (PCI) based Biometers 8.4.3. Optical Low Coherence Reflectometry (OLCR) based Biometers 8.5. Market value (US$ Mn) and Volume Forecast by Product Type, 2022–2028 8.6. Historical Market Value (US$ Mn) Trend Analysis by End User, 2013-2021 8.6.1. Hospitals 8.6.2. Ophthalmology clinics and specialized eye care centers 8.6.3. Ambulatory Surgical centers 8.7. Market Value (US$ Mn) Forecast By End User 2022–2028 8.8. Market Attractiveness Analysis 8.8.1. By Country 8.8.2. By Product Type 8.8.3. By End User 8.9. Key Market Participants – Intensity Mapping 8.10. Drivers and Restraints: Impact Analysis 9. Western Europe Next Generation Optical Biometry Devices Market Analysis 2013-2021 and Forecast 2022–2028 9.1. Introduction 9.2. Historical Market Value (US$ Mn) Analysis by Country, 2013-2021 9.2.1. Germany 9.2.2. U.K 9.2.3. France 9.2.4. Italy 9.2.5. Spain 9.2.6. Rest of Western Europe 9.3. Market Value (US$ Mn) Forecast By Country, 2022–2028 9.4. Historical Market Value (US$ Mn) and Volume Analysis by Product Type, 2013-2021 9.4.1. Swept-source Optical Coherence Tomography (OCT) based Biometers 9.4.2. Partial coherence interferometry (PCI) based Biometers 9.4.3. Optical Low Coherence Reflectometry (OLCR) based Biometers 9.5. Market value (US$ Mn) and Volume Forecast by Product Type, 2022–2028 9.6. Historical Market Value (US$ Mn) Trend Analysis by End User, 2013-2021 9.6.1. Hospitals 9.6.2. Ophthalmology clinics and specialized eye care centers 9.6.3. Ambulatory Surgical centers 9.7. Market Value (US$ Mn) Forecast By End User 2022–2028 9.8. Market Attractiveness Analysis 9.8.1. By Country 9.8.2. By Product Type 9.8.3. By End User 9.9. Key Market Participants – Intensity Mapping 9.10. Drivers and Restraints: Impact Analysis 10. Eastern Europe Next Generation Optical Biometry Devices Market Analysis 2013-2021 and Forecast 2022–2028 10.1. Introduction 10.2. Regional Market Trends 10.3. Historical Market Value (US$ Mn) Analysis by Country, 2013-2021 10.3.1. Russia 10.3.2. Poland 10.3.3. Rest of Eastern Europe 10.4. Market Value (US$ Mn) Forecast By Country, 2022–2028 10.5. Historical Market Value (US$ Mn) and Volume Analysis by Product Type, 2013-2021 10.5.1. Swept-source Optical Coherence Tomography (OCT) based Biometers 10.5.2. Partial coherence interferometry (PCI) based Biometers 10.5.3. Optical Low Coherence Reflectometry (OLCR) based Biometers 10.6. Market value (US$ Mn) and Volume Forecast by Product Type, 2022–2028 10.7. Historical Market Value (US$ Mn) Trend Analysis by End User, 2013-2021 10.7.1. Hospitals 10.7.2. Ophthalmology clinics and specialized eye care centers 10.7.3. Ambulatory Surgical centers 10.8. Market Value (US$ Mn) Forecast By End User 2022–2028 10.9. Market Attractiveness Analysis 10.9.1. By Country 10.9.2. By Product Type 10.9.3. By End User 10.10. Key Market Participants – Intensity Mapping 10.11. Drivers and Restraints: Impact Analysis 11. Latin America Next Generation Optical Biometry Devices Market Analysis 2013-2021 and Forecast 2022–2028 11.1. Introduction 11.2. Historical Market Value (US$ Mn) Analysis by Country, 2013-2021 11.2.1. Brazil 11.2.2. Mexico 11.2.3. Rest of Latin America 11.3. Market Value (US$ Mn) Forecast By Country, 2022–2028 11.4. Historical Market Value (US$ Mn) and Volume Analysis by Product Type, 2013-2021 11.4.1. Swept-source Optical Coherence Tomography (OCT) based Biometers 11.4.2. Partial coherence interferometry (PCI) based Biometers 11.4.3. Optical Low Coherence Reflectometry (OLCR) based Biometers 11.5. Market value (US$ Mn) and Volume Forecast by Product Type, 2022–2028 11.6. Historical Market Value (US$ Mn) Trend Analysis by End User, 2013-2021 11.6.1. Hospitals 11.6.2. Ophthalmology clinics and specialized eye care centers 11.6.3. Ambulatory Surgical centers 11.7. Market Value (US$ Mn) Forecast By End User 2022–2028 11.8. Market Attractiveness Analysis 11.8.1. By Country 11.8.2. By Product Type 11.8.3. By End User 11.9. Key Market Participants – Intensity Mapping 11.10. Drivers and Restraints: Impact Analysis 12. Asia Pacific Excluding China & Japan Next Generation Optical Biometry Devices Market Analysis 2013-2021 and Forecast 2022–2028 12.1. Introduction 12.2. Historical Market Value (US$ Mn) Analysis by Country, 2013-2021 12.2.1. India 12.2.2. Australia and New Zealand 12.2.3. ASEAN 12.2.4. Rest of APEJ 12.3. Market Value (US$ Mn) Forecast By Country, 2022–2028 12.4. Historical Market Value (US$ Mn) and Volume Analysis by Product Type, 2013-2021 12.4.1. Swept-source Optical Coherence Tomography (OCT) based Biometers 12.4.2. Partial coherence interferometry (PCI) based Biometers 12.4.3. Optical Low Coherence Reflectometry (OLCR) based Biometers 12.5. Market value (US$ Mn) and Volume Forecast by Product Type, 2022–2028 12.6. Historical Market Value (US$ Mn) Trend Analysis by End User, 2013-2021 12.6.1. Hospitals 12.6.2. Ophthalmology clinics and specialized eye care centers 12.6.3. Ambulatory Surgical centers 12.7. Market Value (US$ Mn) Forecast By End User 2022–2028 12.8. Market Attractiveness Analysis 12.8.1. By Country 12.8.2. By Product Type 12.8.3. By End User 12.9. Key Market Participants – Intensity Mapping 12.10. Drivers and Restraints: Impact Analysis 13. Japan Next Generation Optical Biometry Devices Market Analysis 2013-2021 and Forecast 2022–2028 13.1. Introduction 13.2. Historical Market Value (US$ Mn) and Volume Analysis by Product Type, 2013-2021 13.2.1. Swept-source Optical Coherence Tomography (OCT) based Biometers 13.2.2. Partial coherence interferometry (PCI) based Biometers 13.2.3. Optical Low Coherence Reflectometry (OLCR) based Biometers 13.3. Market value (US$ Mn) and Volume Forecast by Product Type, 2022–2028 13.4. Historical Market Value (US$ Mn) Trend Analysis by End User, 2013-2021 13.4.1. Hospitals 13.4.2. Ophthalmology clinics and specialized eye care centers 13.4.3. Ambulatory Surgical centers 13.5. Market Value (US$ Mn) Forecast By End User 2022–2028 13.6. Market Attractiveness Analysis 13.6.1. By Country 13.6.2. By Product Type 13.6.3. By End User 13.7. Key Market Participants – Intensity Mapping 13.8. Drivers and Restraints: Impact Analysis 14. Middle East and Africa Next Generation Optical Biometry Devices Market Analysis 2013-2021 and Forecast 2022–2028 14.1. Introduction 14.2. Historical Market Value (US$ Mn) Analysis by Country, 2013-2021 14.2.1. GCC Countries 14.2.2. South Africa 14.2.3. Rest of MEA 14.3. Market Value (US$ Mn) Forecast By Country, 2022–2028 14.4. Historical Market Value (US$ Mn) and Volume Analysis by Product Type, 2013-2021 14.4.1. Swept-source Optical Coherence Tomography (OCT) based Biometers 14.4.2. Partial coherence interferometry (PCI) based Biometers 14.4.3. Optical Low Coherence Reflectometry (OLCR) based Biometers 14.5. Market value (US$ Mn) and Volume Forecast by Product Type, 2022–2028 14.6. Historical Market Value (US$ Mn) Trend Analysis by End User, 2013-2021 14.6.1. Hospitals 14.6.2. Ophthalmology clinics and specialized eye care centers 14.6.3. Ambulatory Surgical centers 14.7. Market Value (US$ Mn) Forecast By End User 2022–2028 14.8. Market Attractiveness Analysis 14.8.1. By Country 14.8.2. By Product Type 14.8.3. By End User 14.9. Key Market Participants – Intensity Mapping 14.10. Drivers and Restraints: Impact Analysis 15. Forecast Factors: Relevance and Impact 16. Forecast Assumptions 17. Market Structure Analysis 17.1. Market Structure by Tier 17.2. Product Mapping by Key Manufacturer 18. Competition Analysis 18.1. Competition Dashboard 18.2. Competition Benchmarking 18.3. Profitability and Gross Margin Analysis by Competition 18.4. Competitors Deep Dive 18.4.1. Carl Zeiss AG 18.4.1.1. Overview 18.4.1.2. Product and Application Portfolio 18.4.1.3. Production Footprint 18.4.1.4. Sales Footprint 18.4.1.5. Channel Footprint 18.4.1.6. Strategy 18.4.1.6.1. Marketing Strategy 18.4.1.6.2. Product Strategy 18.4.1.6.3. Channel Strategy 18.4.2. Nidek Co Ltd 18.4.2.1. Overview 18.4.2.2. Product and Application Portfolio 18.4.2.3. Production Footprint 18.4.2.4. Sales Footprint 18.4.2.5. Channel Footprint 18.4.2.6. Strategy 18.4.2.6.1. Marketing Strategy 18.4.2.6.2. Product Strategy 18.4.2.6.3. Channel Strategy 18.4.3. Haag-Streit AG 18.4.3.1. Overview 18.4.3.2. Product and Application Portfolio 18.4.3.3. Production Footprint 18.4.3.4. Sales Footprint 18.4.3.5. Channel Footprint 18.4.3.6. Strategy 18.4.3.6.1. Marketing Strategy 18.4.3.6.2. Product Strategy 18.4.3.6.3. Channel Strategy 18.4.4. Ziemer Ophthalmic Systems 18.4.4.1. Overview 18.4.4.2. Product and Application Portfolio 18.4.4.3. Production Footprint 18.4.4.4. Sales Footprint 18.4.4.5. Channel Footprint 18.4.4.6. Strategy 18.4.4.6.1. Marketing Strategy 18.4.4.6.2. Product Strategy 18.4.4.6.3. Channel Strategy 18.4.5. Optovue, Incorporated 18.4.5.1. Overview 18.4.5.2. Product and Application Portfolio 18.4.5.3. Production Footprint 18.4.5.4. Sales Footprint 18.4.5.5. Channel Footprint 18.4.5.6. Strategy 18.4.5.6.1. Marketing Strategy 18.4.5.6.2. Product Strategy 18.4.5.6.3. Channel Strategy 18.4.6. Topcon Corporation 18.4.6.1. Overview 18.4.6.2. Product and Application Portfolio 18.4.6.3. Production Footprint 18.4.6.4. Sales Footprint 18.4.6.5. Channel Footprint 18.4.6.6. Strategy 18.4.6.6.1. Marketing Strategy 18.4.6.6.2. Product Strategy 18.4.6.6.3. Channel Strategy 18.4.7. TOMEY GmbH 18.4.7.1. Overview 18.4.7.2. Product and Application Portfolio 18.4.7.3. Production Footprint 18.4.7.4. Sales Footprint 18.4.7.5. Channel Footprint 18.4.7.6. Strategy 18.4.7.6.1. Marketing Strategy 18.4.7.6.2. Product Strategy 18.4.7.6.3. Channel Strategy 18.4.8. Movu Inc. 18.4.8.1. Overview 18.4.8.2. Product and Application Portfolio 18.4.8.3. Production Footprint 18.4.8.4. Sales Footprint 18.4.8.5. Channel Footprint 18.4.8.6. Strategy 18.4.8.6.1. Marketing Strategy 18.4.8.6.2. Product Strategy 18.4.8.6.3. Channel Strategy 18.4.9. Newway Technology 18.4.9.1. Overview 18.4.9.2. Product and Application Portfolio 18.4.9.3. Production Footprint 18.4.9.4. Sales Footprint 18.4.9.5. Channel Footprint 18.4.9.6. Strategy 18.4.9.6.1. Marketing Strategy 18.4.9.6.2. Product Strategy 18.4.9.6.3. Channel Strategy 19. Global Next Generation Optical Biometry Devices Market Analysis 2013-2021 and Forecast 2022–2028 by Region 19.1. Introduction / Key Findings 19.2. Historical Market Size (US$ Mn) Analysis by Region 19.2.1. North America 19.2.2. Western Europe 19.2.3. Eastern Europe 19.2.4. Latin America 19.2.5. Asia Pacific Excluding Japan 19.2.6. Japan 19.2.7. Middle East and Africa 19.3. Market Size (US$ Mn) Forecast By Region 19.4. Market Attractiveness Analysis by Region 20. Next Generation Optical Biometry Devices Market Analysis 2013-2021 and Forecast 2022–2028, By Product Type 20.1. Introduction/Key Finding 20.2. Historical Market Value (US$ Mn) and Volume Analysis by Product Type, 2013-2021 20.2.1. Swept-source Optical Coherence Tomography (OCT) based Biometers 20.2.2. Partial coherence interferometry (PCI) based Biometers 20.2.3. Optical Low Coherence Reflectometry (OLCR)based Biometers 20.3. Market Size (US$ Mn) Forecast By Product Type, 2022–2028 20.4. Market Attractiveness Analysis by Product Type 21. Next Generation Optical Biometry Devices Market Analysis 2013-2021 and Forecast 2022–2028, By End User 21.1. Introduction/Key Finding 21.2. Historical Market Size (US$ Mn) Analysis by End User, 2013-2021 21.2.1. Hospitals 21.2.2. Ophthalmology clinics and specialized eye care centers 21.2.3. Ambulatory Surgical centers 21.3. Market Size (US$ Mn) Forecast By End User, 2022–2028 21.4. Market Attractiveness Analysis by End User 22. Next Generation Optical Biometry Devices Market Analysis 2013-2021 and Forecast 2022–2028 22.1. Market Value Share Analysis by All Segment 22.2. Y-o-Y Growth Analysis by All Segment 22.3. Absolute $ Opportunity 23. Assumptions and Acronyms Used 24. Research Methodology
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Next Generation Optical Biometry Devices Market
