Contact Lenses Market Size, Share Analysis and Growth Forecast 2032

The global Corneal Topographers Market is projected to experience a Compound Annual Growth Rate (CAGR) of 5.3% from 2022 to 2032. In 2022, the market size was estimated at USD 822.08 million, and it is expected to reach USD 1,308.49 million by 2032. This growth is mainly attributed to the increasing prevalence of ophthalmic disorders and the rising demand for advanced diagnostic equipment.

Corneal topography, a non-invasive diagnostic technique that maps the surface curvature of the cornea, is used to diagnose and monitor various ophthalmic conditions, such as corneal diseases, keratoconus, astigmatism, and refractive errors.

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The demand for Corneal Topographers is driven by the increasing prevalence of ophthalmic disorders such as cataracts, glaucoma, and diabetic retinopathy. Furthermore, the rising geriatric population, which is expected to reach 1.5 billion by 2050, will create a high demand for ophthalmic diagnostic equipment. The advancements in technology, such as the development of digital corneal topography systems, are also driving the market growth.

Key players in the Corneal Topographers Market –

  • Carl Zeiss Meditec AG
  • Topcon Corporation
  • NIDEK CO., LTD.
  • OCULUS Optikgeräte GmbH
  • Belin Ophthalmology
  • CSO srl
  • Luneau Technology Group
  • Optovue, Inc.
  • Tomey Corporation
  • Medmont International Pty Ltd

Corneal topography systems have advanced to provide more precise and comprehensive images of the cornea, which aids in the early identification of corneal illnesses and vision problems. Moreover, the incorporation of Artificial Intelligence (AI) and Machine Learning (ML) algorithms in these systems is anticipated to improve diagnostic accuracy and reduce the time needed for the procedure.

The market is expected to experience revenue growth due to the increasing use of corrective eye surgeries and contact lenses. It is projected that approximately 45 million people in the United States use contact lenses, and the worldwide contact lens market is predicted to reach USD 15.1 billion by 2027.Furthermore, the increasing popularity of Laser-Assisted in Situ Keratomileusis (LASIK) surgery is expected to drive the demand for corneal topography systems. LASIK surgery involves reshaping the cornea to correct refractive errors, and accurate measurements of the cornea are essential for the success of the procedure. However, the high cost of equipment and a lack of skilled professionals are the major factors that could restrain the revenue growth of the market.

Based on product type, the global Corneal Topographers market is segmented into Placido disk-based topographers and Scheimpflug-based topographers. The Placido disk-based topographers segment accounted for the largest revenue share in 2022 due to their non-invasive technique, wider measurement range, and relative ease of use. The Scheimpflug-based topographers segment is expected to register the fastest revenue CAGR during the forecast period due to its ability to capture high-quality images of the cornea, allowing for more accurate measurements of its curvature and thickness.

Based on application, the global Corneal Topographers market has been segmented into contact lens fitting, refractive surgery, and the diagnosis of corneal disorders. The diagnosis of corneal disorders segment accounted for the largest revenue share in 2022, mainly due to the increasing prevalence of eye disorders such as keratoconus, corneal dystrophies, and corneal ectasia. The contact lens fitting segment is expected to register the fastest revenue CAGR during the forecast period due to the rising popularity of contact lenses as a convenient alternative to eyeglasses. The refractive surgery segment is also expected to register a significantly rapid revenue CAGR during the forecast period.

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Posted in Default Category on September 14 2023 at 09:25 PM

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