USD 722.92 million
Report ID:
SQMIG35A2728 |
Region:
Global |
Published Date: April, 2024
Pages:
219
|Tables:
65
|Figures:
80
Global Corneal Topographers Market size was valued at USD 722.92 million in 2022 and is poised to grow from USD 758.34 million in 2023 to USD 1111.91 million by 2031, at a CAGR of 4.90% during the forecast period (2024-2031).
Advancements in ophthalmic technology and the growing prevalence of eye-related disorders are projected to be key prospects driving corneal topographers market growth over the coming years. High focus on eye health on a global level is also creating new growth opportunities for corneal topographer providers across the forecast period. Mapping the curvature and shape of the cornea’s surface to diagnose disorders is known as corneal topography. It is also crucial in planning different kinds of eye-related surgeries. High incidence of eye disorders such as myopia, keratoconus, and astigmatism, is favoring corneal topographer demand outlook. Surging demand for refractive eye surgeries such as LASIK and PRK is also a key prospect that is slated to uplift sales of corneal topographers in the future. More individuals seeking alternatives to lenses and glasses are also contributing to the corneal topographers market growth. Rising integration of advanced technologies such as artificial intelligence and machine learning to enhance the accuracy and efficiency of corneal topography will also provide attractive new opportunities for corneal topographer companies in the long run. High adoption of corneal topography by healthcare professionals and a rising number of people taking regular eye examinations are also estimated to favor corneal topographers market growth across the forecast period.
Global Market Size
USD 722.92 million
Largest Segment
Placido Disc System
Fastest Growth
Placido Disc System
Growth Rate
4.90% CAGR
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The global corneal topographers market is segmented based on product type, application, end-use and region. On the basis of product type, the market is segmented into placido disc system, scheimpflug system, and scanning slit system. In terms of Application, the market is bifurcated into cataract surgery evaluation, corneal disorder diagnosis, refractive surgery evaluation, contact lens fitting, and others. Based on end-use, the market is divided into hospitals, ophthalmic clinics, and ambulatory surgical centers. On a regional level, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis By Product Type
The placido disc system accounts for a dominant share of the global corneal topographers marketplace. Placido disc systems are highly accurate and efficient in mapping the corneal surface. These systems work with concentric rings reflected off the cornea to create a detailed representation of the cornea surface and curvature. Placido disc systems are highly reliable and simple to use, which has greatly contributed to its high market share and preference among healthcare professionals.
Demand for Scheimpflug System is projected to grow at a fast pace across the forecast period. Scheimpflug systems capture 3D images of the anterior part of the eye by using a rotating camera to provide detailed information about the eye. The cornea’s shape and thickness of different layers can also be assessed by using this system, allowing for a detailed diagnosis. Surging demand for advanced diagnostic systems is projected to favor growth in this segment going forward.
Analysis By Application
Corneal topography holds a prominent share of the global corneal topographers market. Increasing use of corneal topography to diagnose corneal disorders such as keratoconus, corneal dystrophies, and irregular astigmatism contributes to the high market share of this segment. Surging incidence of eye-related disorders and increasing prevalence of age-related eye disorders are all contributing to the high demand for corneal topography around the world. Increasing use of advanced diagnostic tools by ophthalmologists and growing awareness regarding eye health are other factors that allow corneal topography to account for a significant share of the global corneal topographers marketplace.
Refractive Surgery Evaluation is forecasted to emerge as the fastest-growing application in the corneal topographers market over the coming years. Increasing number of people opting for refractive surgery procedures like LASIK (Laser-Assisted In Situ Keratomileusis) to remedy their vision problems is slated to primarily boost demand for corneal topographers in refractive surgery evaluation applications going forward. Advancements in surgical techniques for eyes and more people opting for surgeries to eliminate the use of glasses and contact lenses are other prospects that could favor growth in this segment in the future.
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North America holds a dominant stance in the global corneal topographers market at present. This can be directly attributed to the presence of a developed healthcare infrastructure and the high healthcare spending potential of patients. The presence of a large patient pool suffering from some or the other eye disorder coupled with advancements in ophthalmology are also creating new growth opportunities for corneal topographer suppliers in this region. The United States is forecasted to be the leading market in North America across the forecast period. Favorable reimbursement policies and the presence of corneal topographer manufacturers also allow this region to hold sway over global demand for corneal topographers.
The Asia-Pacific region is emerging to become the fastest-growing regional market in the global corneal topographers market. Rising awareness regarding eye health, rising disposable incomes, an expanding senescent population, and increasing availability of advanced ophthalmic surgeries are key factors driving corneal topographers market growth in the Asia Pacific region. Increasing urbanization and high investments in healthcare infrastructure development are also slated to create new opportunities for corneal topographers companies. China, India, and Japan are slated to emerge as top markets for corneal topographers across the forecast period.
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Drivers
Increasing Incidence of Eye Disorders:
Technological Advancements:
Restraints
High Cost of Corneal Topography Devices:
Limited Awareness and Training:
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Integration of advanced technologies to improve the accuracy and efficiency of corneal topographers is slated to be a key trend that established corneal topographer companies as well as upcoming ones are projected to focus on going forward. Established corneal topographers market players are continually investing in research and development of novel products to stand out from the competition. Portable corneal topographers are projected to witness a hike in popularity and demand in the future. Partnerships, collaborations, mergers, and acquisitions are key strategies that most companies in this market will try to adopt to increase their market share and presence. Frequent product launches to expand product portfolio will also be common practice for all market players. Growing digitization of the healthcare space will also open up new avenues of opportunities for corneal topographer suppliers.
Top Player’s Company Profile
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per Skyquest analysis, the surging incidence of different eye disorders and advancements in ophthalmic technology is forecasted to be top drivers for corneal topographers market growth in the future. High demand for non-invasive diagnostics and treatment techniques is also slated to favor sales of corneal topographers over the coming years. Growing awareness regarding eye disorders, rising disposable income, and expanding geriatric population are other key factors that could bolster corneal topographers market growth in the long run. A high number of people opting for eye surgeries will also favor corneal topographer sales. However, the high costs of corneal topographers are estimated to constrain market development in the long run. North America accounts for a significant share of the global corneal topographers marketplace owing to the presence of a robust healthcare infrastructure and high healthcare expenditure. The United States is estimated to lead corneal topographer demand in this region across the forecast period. Product innovation and frequent new launches are preferred strategies that new as well as established corneal topographers companies are opting for. Ongoing technological advancements and high adoption of refractive surgeries are slated to offer new growth opportunities for corneal topographers market players in the future.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 722.92 million |
Market size value in 2031 | USD 1111.91 million |
Growth Rate | 4.90% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Million |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Corneal Topographers Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Corneal Topographers Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Corneal Topographers Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Corneal Topographers Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG35A2728
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