Growing popularity of automated keratometers is a key factor driving market growth
Technavio’s analysts have identified the growing incidences of refractive errors across the globe as a major factor that will drive this market during the forecast period. As more people face myopia symptoms, there is a greater demand for myopia treatment which will fuel the growth of the market. Growing adoption of keratometers by ophthalmology clinics across the world is likely to further drive demand for manual and automated keratometers. These driving factors are part of the reason why the market is expected to grow at a CAGR of nearly 4%. For a complete list of drivers influencing the market’s growth, purchase Technavio’s full report.
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Carl Zeiss Meditec, Essilor, and Luneau are among leading vendors in the keratometers market
The global keratometers market is growing moderately concentrated with many international and regional companies that offer products for myopia, corneal astigmatism, hyperopia, and more. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this keratometers industry analysis report will aid clients to identify new growth opportunities and design new growth strategies.
The report offers a complete analysis of a number of companies, including:
- Carl Zeiss Meditec
- Essilor
- Luneau
- Micro Medical Devices
- NIDEK
- Reichert
The Americas will be the primary driver of growth during the forecast period
Technavio’s market research report covers the following regions:
- Americas
- EMEA
- APAC
More than 38% of the market’s incremental growth is expected to come from the Americas over the next five years. North America will dominate the market in this region, driven by a higher number of people with myopia symptoms and the growing need for them to undergo myopia treatment.
Automated keratometers lead the market
The global keratometers market can be divided into 2 product categories:
- Automated keratometers
- Manual keratometers
In 2017, the automated keratometers segment accounted for the largest share of the market, contributing 96% to it. Rising need for diagnosis of astigmatism will mean that this segment will continue to dominate the market throughout the forecast period. The increasing cases of ocular diseases and growing advances in technology are expected to drive the growth of the market. This report also examines the contributions of the other product segments to the growth of the market and offers predictions for their future performance.
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Key highlights of the global keratometers market for the forecast years 2018-2022:
- CAGR of the market during the forecast period 2018-2022
- Detailed information on factors that will accelerate the growth of the keratometers market during the next five years
- Precise estimation of the keratometers market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the keratometers industry across various geographies such as the Americas, EMEA, and APAC
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive information about factors that will challenge the growth of keratometers companies
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