The device which is used in ophthalmology for measuring several parameter of the eye is known as optical biometry device. To measure anatomical characteristics of the eye, optical biometry is fundamentally used. This device provide improved comforts to the patient, higher accuracy, and rapid measurements. It is primarily used for the purpose of measuring intraocular lens (IOL) power for cataract surgery.
Growing population suffering from eye disorders is one of the prominent factors likely to augment the growth of global market. Increasing aging population, rising chronic diseases, and change in lifestyle habits are attributed to the escalating cases of eye diseases across the many regions. For example, according to the Centers for Disease Control and Prevention, roughly 12 million people aged 40 and over suffering from vision impairment in which about 3 million have vision impairment after correction, around 1 million are blind, and approximately 8 million have vision impairment because of incorrect refractive error. Increasing eye disorder in the people has led the need for treatment which is further improving the demand for optical biometry devices. This is largely helping the market to enhance the revenue of the market all over the global. In addition to this, surging demand for IOL is another factor driving the growth of global market. Similarly, rise in awareness regarding eye health is also helping the market to boost with the rapid pace globally.
However, lack of availability of adequate equipment used for testing is hampering the growth of global market. In spite of this, growing evolving technologies such as advancements in measurement and combined imaging and improvement in accuracy and efficiency are helping the market to generate significant revenue in the upcoming years. Similarly, use of machine learning and artificial intelligence for image processing is also gaining a pockets of opportunities in the market in the forthcoming years.
New product launches to flourish in the market
Expanding development in the product portfolio is shaping the revenue stream of the several companies working in the market. In August 2020, Topcon Healthcare has introduced the Aladdin-M instrument to the U.S. market as a leading supplier of medical equipment and software solutions for the global eye care community. In addition to this, rising programs by various countries regarding eye health is also booming the sales of optical biometry device. In June 2020, the 'LENSTAR Biometry E-learning Course' has just been released by HS-UK, and it is now freely accessible to clients. The nine condensed modules that make up Biometry Basics emphasize the significance of sound biometry technique to guarantee the best results for patients having cataract surgery. The anatomy of the human eye, optical and ultrasonic biometry concepts, topography, IOL calculation formulas, and RCOphth/NICE criteria are all covered.
The optical biometry device market is categorized on the basis of product, application, and region. By type, the market is bifurcated into contact type and non-contact type. By application, it is divided into hospital, ophthalmology clinics, and ambulatory surgical centers. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Segment Overview:
By product: The optical biometry device market is categorized into contact type and non-contact type. Both types of optical biometry devices are fundamentally used for measuring eye parameters. Contact type device is generally need physical contact with the eye whereas non-contact type of device does not need physical contact with eye for further process.
By application: The optical biometry device market is segmented into hospital, ambulatory surgical centers, and ophthalmology clinics. Large numbers of patients are seeking for the accurate eye treatment and hence the visits to hospitals and clinics have increased. Due to effective and easy to use features, these biometry devices are largely used in various applications.
By region: North America is projected to account largest share of the global revenue in the fiscal year of 2021. Various factors are attributed to the dominance of the region in the global market which includes growing geriatric population, rising eye disorders, and various other factors. Improved healthcare infrastructure in the region is one of the prime factors likely to intensify the sales of the devices. For example, due to pandemic relief efforts supported by the U.S. government, spending on other federal programs increased from $14.0 billion in 2019 to $193.1 billion in 2020. Spending reached $71.9 billion in 2021. This spending on healthcare has improved the revenue of the regional market.
Competitive analysis and profiles of the major players in the optical biometry device market, such as Bausch & Lomb, CARL Zeiss, Heine optotechnik, Hill-Rom, Leica, NIDEK, Optovue, Tomey, Topcon, and Ziemer Ophthalmic Systems are provided in this report.
Growing population suffering from eye disorders is one of the prominent factors likely to augment the growth of global market. Increasing aging population, rising chronic diseases, and change in lifestyle habits are attributed to the escalating cases of eye diseases across the many regions. For example, according to the Centers for Disease Control and Prevention, roughly 12 million people aged 40 and over suffering from vision impairment in which about 3 million have vision impairment after correction, around 1 million are blind, and approximately 8 million have vision impairment because of incorrect refractive error. Increasing eye disorder in the people has led the need for treatment which is further improving the demand for optical biometry devices. This is largely helping the market to enhance the revenue of the market all over the global. In addition to this, surging demand for IOL is another factor driving the growth of global market. Similarly, rise in awareness regarding eye health is also helping the market to boost with the rapid pace globally.
However, lack of availability of adequate equipment used for testing is hampering the growth of global market. In spite of this, growing evolving technologies such as advancements in measurement and combined imaging and improvement in accuracy and efficiency are helping the market to generate significant revenue in the upcoming years. Similarly, use of machine learning and artificial intelligence for image processing is also gaining a pockets of opportunities in the market in the forthcoming years.
New product launches to flourish in the market
Expanding development in the product portfolio is shaping the revenue stream of the several companies working in the market. In August 2020, Topcon Healthcare has introduced the Aladdin-M instrument to the U.S. market as a leading supplier of medical equipment and software solutions for the global eye care community. In addition to this, rising programs by various countries regarding eye health is also booming the sales of optical biometry device. In June 2020, the 'LENSTAR Biometry E-learning Course' has just been released by HS-UK, and it is now freely accessible to clients. The nine condensed modules that make up Biometry Basics emphasize the significance of sound biometry technique to guarantee the best results for patients having cataract surgery. The anatomy of the human eye, optical and ultrasonic biometry concepts, topography, IOL calculation formulas, and RCOphth/NICE criteria are all covered.
The optical biometry device market is categorized on the basis of product, application, and region. By type, the market is bifurcated into contact type and non-contact type. By application, it is divided into hospital, ophthalmology clinics, and ambulatory surgical centers. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Segment Overview:
By product: The optical biometry device market is categorized into contact type and non-contact type. Both types of optical biometry devices are fundamentally used for measuring eye parameters. Contact type device is generally need physical contact with the eye whereas non-contact type of device does not need physical contact with eye for further process.
By application: The optical biometry device market is segmented into hospital, ambulatory surgical centers, and ophthalmology clinics. Large numbers of patients are seeking for the accurate eye treatment and hence the visits to hospitals and clinics have increased. Due to effective and easy to use features, these biometry devices are largely used in various applications.
By region: North America is projected to account largest share of the global revenue in the fiscal year of 2021. Various factors are attributed to the dominance of the region in the global market which includes growing geriatric population, rising eye disorders, and various other factors. Improved healthcare infrastructure in the region is one of the prime factors likely to intensify the sales of the devices. For example, due to pandemic relief efforts supported by the U.S. government, spending on other federal programs increased from $14.0 billion in 2019 to $193.1 billion in 2020. Spending reached $71.9 billion in 2021. This spending on healthcare has improved the revenue of the regional market.
Competitive analysis and profiles of the major players in the optical biometry device market, such as Bausch & Lomb, CARL Zeiss, Heine optotechnik, Hill-Rom, Leica, NIDEK, Optovue, Tomey, Topcon, and Ziemer Ophthalmic Systems are provided in this report.
Optical Biometry Device Market Report Highlights
| Aspects | Details |
 By Product |
|
 By Applications |
|
 By Region |
|
 Key Market Players | Ziemer Ophthalmic Systems, Bausch & Lomb, Optovue, Heine optotechnik, Leica, CARL Zeiss, Tomey, Topcon, NIDEK, Hill-Rom |
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