What is Global Optical Biometry Devices Market?
The Global Optical Biometry Devices Market is a sector that focuses on the production and distribution of optical biometry devices. These devices are used in the field of ophthalmology for measuring the physical characteristics of the eye, such as the length of the eye (axial length), corneal curvature, anterior chamber depth, and lens thickness. These measurements are crucial for determining the power of an intraocular lens (IOL) that needs to be implanted in the eye during cataract surgery. The global market for these devices is growing due to the increasing prevalence of eye-related disorders and the rising geriatric population. However, the high cost of these devices and the lack of skilled professionals to operate them are some of the challenges faced by this market.
White Interferometer Type, Swept Light Source Type in the Global Optical Biometry Devices Market:
The Global Optical Biometry Devices Market is segmented based on the type of device into White Interferometer Type and Swept Light Source Type. The White Interferometer Type devices use a white light source to measure the physical characteristics of the eye. These devices are known for their accuracy and precision. On the other hand, the Swept Light Source Type devices use a swept light source for measurement. These devices are known for their speed and efficiency. Both these types of devices have their own advantages and disadvantages and are used based on the specific requirements of the patient and the surgeon.
Hospitals, Ophthalmology Clinics, Ambulatory Surgical Centers, Others in the Global Optical Biometry Devices Market:
The Global Optical Biometry Devices Market finds its application in various areas such as Hospitals, Ophthalmology Clinics, Ambulatory Surgical Centers, and Others. In hospitals, these devices are used for pre-operative assessment before cataract surgery. In ophthalmology clinics, they are used for routine eye check-ups and for diagnosing eye-related disorders. In ambulatory surgical centers, these devices are used for outpatient cataract surgeries. The other areas where these devices find their application include research institutes and diagnostic centers.
Global Optical Biometry Devices Market Outlook:
The Global Optical Biometry Devices Market was valued at US$ 279.7 million in 2022. It is expected to reach a value of US$ 430.3 million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 6.1% during the forecast period of 2023-2029. The Swept Light Source Type devices hold the largest market share, accounting for over 50% of the total market. In terms of application, the hospitals segment holds a significant market share of about 50 percent. This growth can be attributed to the increasing prevalence of eye-related disorders and the rising geriatric population.
| Report Metric | Details |
| Report Name | Optical Biometry Devices Market |
| Accounted market size in 2022 | US$ 279.7 million |
| Forecasted market size in 2029 | US$ 430.3 million |
| CAGR | 6.1% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Topcon, Carl Zeiss, Nidek, Haag-Streit, Tomey, Ziemer Ophthalmic Systems, MOVU, Suowei Electronic, OCULUS Optikgeräte |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
