Aberrometer Market Report

Market Insights

The Global Aberrometer Market is projected to grow from USD xx million in 2020 to USD xx million by 2026 at a CAGR of over x% during the forecast period.

Figure: Global Aberrometer Market Size, 2020-2026 (USD Million)

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What is Aberrometer?

Aberrometer is a diagnostic device that helps to detect and measure structural imperfections in the eyeball which affects the eye’s ability to perceive images. It enables to measure the refractive aberrations of the eye. Aberrations, or distortions that generally occur as light travels through the eye, are measured which correspond to specific vision defects. It can measure higher-order defects. It is mainly used in laser eye surgery to ensure high accuracy. It is typically used to measure each variation that occurs from the cornea to the retina in the eye.

Key Players

Key players operating in the global aberrometer market are –

• Lumetrics (The U.S.),
• Marco (The U.S.),
• Voptica (Spain),
• AMICO GROUP (The UAE),
• NIDEK (Japan),
• Hanson Instruments (UK),
• Alcon (Switzerland),
• Carl Zeiss (Germany),
• Essilor (France), and
• Johnson & Johnson Visioncare Inc. (The U.S.).

Market Dynamics

The growing prevalence of eye-related disorders across the globe is one of the prime factors driving the need for an aberrometer.

• Rising awareness about these disorders and the growing need to address them at an early stage further boosts the product demand.
• Favorable government initiatives and expanding healthcare sectors are working to increase awareness of eye-related diseases among the geriatric population that is highly prone to eye disorders and require frequent eye check-ups, thus offers immense opportunities to the market players.
• However, a dearth of trained professionals and limited testing facilities are restraining factors affecting the industry expansion.

Market Segmentation

End Use Trends

The aberrometer market has been segmented into hospitals, specialty clinics, ambulatory surgical centers, and others.

Under these, the hospitals' segment held a substantial market share in 2020 and is likely to grow at a steady CAGR in the coming years. This is mainly attributed to the easy availability of endoscopic devices in hospitals and the growing pattern for the treatment of eye diseases, thus proliferates the segment growth.

Regional Trends

The North America market accounted for the highest market share in 2020 and is projected to grow at a considerable CAGR during the review period.

This is mainly attributed to better economic conditions, broader government initiatives, first-rate healthcare facilities, and strong business investment in R&D activities, which augments the regional growth. Also, in 2018, as per the American Optometric Association, around 30% of US individuals were suffering from near-sightedness, thus boosting the need for an aberrometer in the region.

COVID-19 Impact on Global Aberrometer Market

The outbreak of the COVID-19 virus has substantially affected the aberrometer industry due to stringent lockdown measures and curbs on the movement of people. While the small ophthalmology practices were partially or completed stopped, the larger ones are only catering to emergencies. Moreover, there is a very low turnaround for patients for elective surgeries which is either cancelled or postponed due to poor economic growth and limited appointments, thus negatively affecting the market growth.

Critical Questions Answered in the Report

• What are the key trends in the global aberrometer market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on global aberrometer market?
• What are the key strategies adopted by the major vendors to lead in the global aberrometer market?
• What is the market share of the top vendors?

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Target Audience

The following is a list of the customers that the Aberrometer market aims to convert the most:

• Aberrometer companies
• Aberrometer vendors
• Ophthalmologists
• Ophthalmology organizations
• Hospitals

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