Global Corneal Topographers Market is expected to reach US$ XX Mn by 2026 from US$ XX Mn in 2019, at a CAGR of 5.2% during the forecast period.
Global Corneal Topographers Market Overview:
The cornea is a transparent dome-shaped covering of the eye that protects the pupil, iris, and anterior chamber. The cornea, in conjunction with the anterior chamber of the eye and the lens, is responsible for more than 70% of the eye's optical power. Corneal topography devices provide a complete analysis that can be used to diagnose, monitor, and treat a variety of eye problems.
Global Corneal Topographers Market Dynamics:
The rising prevalence of cataract eye problems is the major factor driving the market growth.
The rising number of people with cataract-related eye problems and refractive error is a primary element driving the corneal topographer market. Furthermore, with the growing prevalence of cataract and refractive error disorders worldwide, the market is predicted to grow positively, as the corneal topographer is an important imaging instrument for evaluating pre and post cataract and refractive error surgeries.
Major factors driving the market for corneal topographers include the increasing prevalence and incidence of age-associated ophthalmic conditions coupled with the rising number of government initiatives to create awareness for early detection, prevention, and treatment of these conditions.
Around 253 million people worldwide have vision impairment, 36 million are blind, and 217 million have moderate to severe visual impairment, according to a World Health Organization (WHO) factsheet from 2017. Furthermore, statistics show that refractive errors are the leading cause of visual impairment and the second leading cause of vision loss worldwide, accounting for 43% of all visual impairments.
Furthermore, increased technological advancements in corneal topography have resulted in a sharp increase in a wide range of applications such as diagnosis for various disorders such as corneal astigmatism, assessment for the implantation of a toric IOL, and cataract surgery evaluation, all of which are expected to drive the global corneal topographers market growth over the forecasted period.
Complications and post-surgery errors associated with LASIK operations to correct the refractive defect, on the other hand, may restrain the market growth. According to research published by the United States Food and Drug Administration (FDA) in 2017, 45 per cent of refractive error procedures result in some sort of mistake.
The report has profiled seventeen key players in the market from different regions. However, the report has considered all market leaders, followers and new entrants with investors while analyzing the market and estimation the size of the same. Increasing R&D activities in each region are different and focus is given on the regional impact on the cost, availability of advanced technology are analyzed and report has come up with recommendations for a future hot spot in APAC region.
Global Corneal Topographers Market Segment Analysis:
The Global Corneal Topographers Market is segmented on the basis of Product Type, Application and Distribution Channel.
Based on Product Type, the Placido Disc System held a dominant market share in 2019. In comparison to other approaches, this technique is effective in diagnosing and monitoring corneal disorders. It aids the practitioner in obtaining precise information on the cornea's shape. These devices are also utilised in contact lens fitting, post-keratoplasty, keratoconus, and other procedures. The Placido disc system has the biggest market share since it was one of the first technologies available to corneal topographers.
During the forecasted period, the Scheimpflug system segment is predicted to develop at the fastest rate in the corneal topographers market. High cornea resolution, measuring corneas with severe abnormalities, such as keratoconus, and the capacity to calculate pachymetry are all advantages of Scheimpflug imaging. Higher-order aberrations can be detected using corneal wavefront analysis, which is included in the device.
Based on Application, the Refractive Surgery Evaluation segment is expected to grow at a faster rate during the forecast period. This dominance is due to increased demand to fulfil the global increase in untreated refractive error and corneal opacity cases. Furthermore, cataract surgery is becoming the primary treatment for restoring vision in those who have cataracts. According to World Health Organization (WHO) global estimates for 2019, about 123.7 million persons have vision impairment owing to uncorrected refractive error, 65.2 million have cataracts, 6.9 million have glaucoma, and 4.2 million have corneal opacities.
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Global Corneal Topographers Market Regional Insights:
North America dominates the global market and is expected to continue the dominance throughout the forecast period.
Due to an increase in the rates of limbal dermoid, Corneal pterygium, and localised corneal scarring, as well as the rapid growth of the elderly population in the region, North America is predicted to lead the overall corneal topographers market throughout the projection period. Because of factors such as favourable reimbursements and government and non-government measures to stimulate research and innovation in the region, North America dominates the corneal topographers industry.
Furthermore, as ophthalmologists' preferences for private-pay models grow, practitioners will have more leeway to invest in innovative screening technology. The Centres for Medicare and Medicaid Services (CMS) cut reimbursement rates for cataract procedures by 15% in July of this year.
APAC is expected to witness lucrative growth during the forecast period.
The region's strong growth rate can be ascribed to a number of causes, including an increase in overseas patients seeking cheap treatment in Asian countries, increased market penetration by market participants in developing countries, and government measures supporting ophthalmic care. Due to the high number of cataract patients and the corresponding rise in cataract procedures, Asia Pacific is likely to see positive market expansion. According to a 2015 study published in Advanced Medical and Health Research, the overall prevalence of blindness is 1.1%, with cataract (62.6%) accounting for almost 9 million persons.
The report also helps in understanding the Global Corneal Topographers Market dynamics, structure by analyzing the market segments and project the Global Corneal Topographers Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Corneal Topographers Market make the report investor’s guide.
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Global Corneal Topographers Market Scope: Inquire before buying
Global Corneal Topographers Market, by Region
• North America
• Europe
• South America
• MEA
• APAC
Global Corneal Topographers Market Key Players
• NIDEK CO., LTD.
• OCULUS, Inc.
• Topcon Medical Systems, Inc.
• Carl Zeiss AG
• Cassini
• Aeon Imaging, LLC.
• Optos plc
• Ziemer Group AG
• MEDMONT INTERNATIONAL PTY LTD
• OPTIKON 2000 SpA
• Eyenuk Inc.
• CW Optics
• OcuSciences, Inc.
• ZISS International
• TOMEY CORPORATION
• EyeSys Vision
• Tracey Technologies
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