Market Overview:
The global automated phoropter market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for ophthalmic devices and rising prevalence of eye disorders. Based on type, the automated phoropter market can be segmented into stationary and portable automated phoropters. The stationary automated phoropter segment is expected to account for a larger share of the global market than the portable automated phoropter segment during the forecast period. This can be attributed to factors such as ease of use and accuracy offered by stationary automated phoropters over portable ones. Based on application, the global Automated Phoropter Market can be divided into optical shops, hospitals, and other applications segments.
Product Definition:
An automated phoropter is a device used to measure the refractive error of the eye. The importance of an automated phoropter is that it allows for more accurate measurements to be taken than manual methods.
Stationary:
Stationary is a type of Phoropters used to automate the movement of goods in and out of warehouse, it can be used for small or large scale operations. It helps in reducing human intervention which thereby reduces labor cost. The market size was estimated at USD 2 billion in 2015 and is expected to grow at a CAGR around 8% over the forecast period.
Portable:
The portable phoropter is a device used to dispense liquid from pharmaceutical packaging. It is also known as the automated phoroptrator or automatic pharmacy machine. The portable phorooter can be used by any pharmacist, whether he/she works in a hospital, retail drug store or independent pharmacy.
It's main function is to ensure that every available dose of medication gets delivered to the patient.
Application Insights:
The optical shops segment dominated the global automated phoropter market in 2017. The growth can be attributed to a rise in demand for spectacles and frames from a growing population across the globe. According to WHO, by 2050, there will be approximately 9 billion people in the world. This increase in population is expected to lead to an increased demand for spectacles and frames which, subsequently, will boost product adoption over the forecast period.
Hospitals are anticipated to emerge as one of the fastest-growing segments over the forecast period owing to rising investments by governments across various regions towards building hospitals that comply with international standards (for instance, Joint Commission International). These hospitals offer advanced healthcare facilities along with state-of-the-art diagnostic equipment and medicines; this boosts product adoption further. Moreover, technological advancements such as integration of AI technology into automated phoropter systems drive its demand further still.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing adoption of automated systems and rising demand for efficient healthcare services in countries, such as U.S., Canada, and Mexico. In addition, growing number of optical shops is also expected to drive regional growth over the next eight years.
Asia Pacific region accounted for a revenue share of 23% in 2017 owing to rapid economic development coupled with improving healthcare infrastructure and growing population in countries like China, India Japan South Korea etcetera). These factors are anticipated to boost demand for phoropter systems across Asia Pacific during the forecast period from 2018-2030 (estimated).
Growth Factors:
- Increasing demand for vision correction procedures: The global population is aging, and with this, the prevalence of refractive errors is also increasing. This is driving the demand for automated phoropter systems as they offer an efficient and accurate way to correct vision problems.
- Technological advancements: Automated phoropter systems are becoming more sophisticated with each passing day, thanks to ongoing technological advancements. This is resulting in better performance and higher patient satisfaction rates.
- Growing popularity of refractive surgery: Refractive surgery has gained immense popularity in recent years due to its ability to correct a wide range of vision problems permanently. This is fueling the demand for automated phoropter systems as they are an essential part of most refractive surgeries.
Scope Of The Report
Report Attributes
Report Details
Report Title
Automated Phoropter Market Research Report
By Type
Stationary, Portable
By Application
Optical Shops, Hospitals, Other
By Companies
Topcon, Nidek, Reichert, Zeiss, Rexxam, Essilor, Huvitz, Marco, Luneau Technology, Righton, Topcon, Briot
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
163
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global Automated Phoropter Market Report Segments:
The global Automated Phoropter market is segmented on the basis of:
Types
Stationary, Portable
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Optical Shops, Hospitals, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Topcon
- Nidek
- Reichert
- Zeiss
- Rexxam
- Essilor
- Huvitz
- Marco
- Luneau Technology
- Righton
- Topcon
- Briot
Highlights of The Automated Phoropter Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Stationary
- Portable
- By Application:
- Optical Shops
- Hospitals
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automated Phoropter Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Automated Phoropter is a machine that can automatically take pictures and videos.
Some of the major companies in the automated phoropter market are Topcon, Nidek, Reichert, Zeiss, Rexxam, Essilor, Huvitz, Marco, Luneau Technology, Righton, Topcon, Briot.
The automated phoropter market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automated Phoropter Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Automated Phoropter Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Automated Phoropter Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Automated Phoropter Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Automated Phoropter Market Size & Forecast, 2018-2028 4.5.1 Automated Phoropter Market Size and Y-o-Y Growth 4.5.2 Automated Phoropter Market Absolute $ Opportunity
Chapter 5 Global Automated Phoropter Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Automated Phoropter Market Size Forecast by Type
5.2.1 Stationary
5.2.2 Portable
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automated Phoropter Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Automated Phoropter Market Size Forecast by Applications
6.2.1 Optical Shops
6.2.2 Hospitals
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automated Phoropter Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automated Phoropter Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Automated Phoropter Analysis and Forecast
9.1 Introduction
9.2 North America Automated Phoropter Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Automated Phoropter Market Size Forecast by Type
9.6.1 Stationary
9.6.2 Portable
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Automated Phoropter Market Size Forecast by Applications
9.10.1 Optical Shops
9.10.2 Hospitals
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Automated Phoropter Analysis and Forecast
10.1 Introduction
10.2 Europe Automated Phoropter Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Automated Phoropter Market Size Forecast by Type
10.6.1 Stationary
10.6.2 Portable
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Automated Phoropter Market Size Forecast by Applications
10.10.1 Optical Shops
10.10.2 Hospitals
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Automated Phoropter Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automated Phoropter Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Automated Phoropter Market Size Forecast by Type
11.6.1 Stationary
11.6.2 Portable
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Automated Phoropter Market Size Forecast by Applications
11.10.1 Optical Shops
11.10.2 Hospitals
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Automated Phoropter Analysis and Forecast
12.1 Introduction
12.2 Latin America Automated Phoropter Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Automated Phoropter Market Size Forecast by Type
12.6.1 Stationary
12.6.2 Portable
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Automated Phoropter Market Size Forecast by Applications
12.10.1 Optical Shops
12.10.2 Hospitals
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Automated Phoropter Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automated Phoropter Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Automated Phoropter Market Size Forecast by Type
13.6.1 Stationary
13.6.2 Portable
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Automated Phoropter Market Size Forecast by Applications
13.10.1 Optical Shops
13.10.2 Hospitals
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automated Phoropter Market: Competitive Dashboard
14.2 Global Automated Phoropter Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Topcon
14.3.2 Nidek
14.3.3 Reichert
14.3.4 Zeiss
14.3.5 Rexxam
14.3.6 Essilor
14.3.7 Huvitz
14.3.8 Marco
14.3.9 Luneau Technology
14.3.10 Righton
14.3.11 Topcon
14.3.12 Briot