PUBLISHER: SkyQuest | PRODUCT CODE: 1225660
PUBLISHER: SkyQuest | PRODUCT CODE: 1225660
Global Keratometer Market is valued at USD 5.6 billion in 2021, and it is expected to attain a value of USD 7.72 billion by 2028, at a CAGR of 5.5% over the forecast period (2022 - 2028).
The main driver of market expansion is the rise in hospitals and clinics. For example, the American Hospital Association 2022 report states that there are 6,093 hospitals in the US. As of March 2022, 7,308 operational US hospitals are monitored by the Definitive Healthcare HospitalView software. The 40 public, private, and proprietary sources used to compile this list of hospitals are curated. An additional factor for market expansion is rising investment.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Keratometer market and various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
The Global Keratometer Market is segmented based on product type, end-use and region. Based on product type it is categorized into: stationary type and portable type. Based on end-use it is categorized into: hospitals, ophthalmic care institutes, diagnostic centres, laboratories, and others. Based on the region it is categorized into: North America, Europe, Asia-Pacific, Latin America, and the Middle East and Europe.
Optometry or a keratometer can help diagnose eye problems like refractive errors, age-related macular degeneration, cataracts, and diabetic retinopathy. Using a keratometer, one can identify myopia (nearsightedness) and hyperopia (farsightedness) (nearsightedness). The market is growing as a result of improved eye care availability, early detection, and prevention. By measuring the shift in the direction of light entering the eye, the equipment, which uses infrared sensors, enables optometrists or ophthalmologists to precisely measure the refraction taking place in the eye. The instrument was created primarily to test the visual acuity of non-communicative people, such as babies, young children, and people with impairments. Therefore, increasing numbers of eye tests and exams as well as technical developments in eye screening equipment are anticipated to fuel market revenue growth throughout the course of the forecast year.
The market's expansion is being constrained by the rising price of keratometers and the accuracy of their analysis. These elements are anticipated to restrict its global expansion over the anticipated time span.
The use of A-scanners, which can be used without making eye contact, and B-scan ultrasound, which offers extensive information about the inner eye, are examples of technological improvements in ophthalmic equipment that are significant trends driving the worldwide keratometer market.