Lensometers Market

Lensometers Market Outlook (2023-2033)

The global lensometers market exhibited a CAGR of 3.9% from 2018 to 2022. The market has reached a valuation of US$ 312.6 million in 2023 and is expected to progress at a CAGR of 5.1% to climb to US$ 514.1 million by the end of 2033. Revenue from lensometer sales accounted for more than 9% share of the global ophthalmic diagnostic and monitoring market in 2022.

A lensometer provides better care of lenses and eliminates human error and discrepancies. With the help of these devices, ophthalmologists can record all the information on a screen in real time and print it out digitally.

Some of the market projections are :

• Growing eye problems will positively impact lensometers market growth in the near future.
• North America and Asia Pacific are anticipated to witness comparatively high lensometer demand due to the rapidly rising elderly population.
• Adoption of advanced technology will open new opportunities for lensometer manufacturers in the long term.

Report Attributes	Details
Market Size (2022A)	US$ 296.7 Million
Estimated Market Value (2023E)	US$ 312.6 Million
Forecasted Market Value (2033F)	US$ 514.1 Million
Global Market Growth Rate (2023-2033)	5.1% CAGR
North America Market Share (2023)	~28.6%
North America Market Value (US$ Mn), 2023	US$ 89.4 Million
Europe Market Share (%), 2023	~25.2%
Europe Market Value (US$ Mn), 2023	US$ 78.8 Million
China Market Share (%), 2023	~ 64%
China Market Value (US$ Mn)	US $ 36.85 Million
Market Share of Top 3 Countries	~40.9%
Key Companies Profiled	Topcon corporation Tomey Corporation Haag Streit AG Nidek Co Ltd Heine Optotechnik GmbH & Co KG Carl Zeiss AG Welch Allyn Inc. Essilor Instruments USA Luneau Technology USA Ningbo FLO Optical Reichert Rexxam Righton Takagi Shanghai JingLian Group

What’s Keeping the Demand for Lensometers High across Regions?

“Rising Need for Quick & Accurate Lensometers”

Growing demand for fast and easy-to-use lensometers, the ability to provide repeatable measurements, and growing interest in using fast and accurate lensometers with reduced operator error are driving the growth of the global market.

A lensometer is a practical and reliable tool for ophthalmologists as it helps measure all optical center positions, prisms, and other factors of a lens. With the help of a lensometer, a professional can assess the general condition of the lenses of the eye and automatically measure all parameters such as single vision, progressive, bifocal, prism, and glasses. A lens meter is also used to speed up lens detection and manipulation. Today, more and more people are paying special attention to healthcare, and the eyes are the most sensitive part of the human body. As such, the demand for lensometers is expected to grow during the forecast period.

“Increasing Eye Disease Patients across the World”

After the lenses are implanted, there is no longer the need to wear corrective lenses to see clearly. For example, patients with glaucoma and dry age-related macular degeneration who are implanted with multifocal lenses reported lower monocular visual acuity and lower contrast sensitivity scores than healthy controls in certain circumstances.

Although patient satisfaction was lower in patients with dry AMD, overall binocular function appeared to be good, as self-reported difficulties with daily activities were comparable to those reported by healthy subjects. Pre-field glaucoma patients and healthy controls showed no clinically significant changes in visual function. Therefore, multifocal lenses can also be considered for patients with prelimbic glaucoma who have a lower risk of dissatisfaction than they do for glaucoma and dry AMD.

What Do Lensometer Manufacturers Need to Work On?

“Inability to Offer Lens Details”

The target market may be hampered by its inability to provide spectacle lens details such as lens shape, center thickness, and segment style. The focal length of an unknown lens cannot be measured. Only mean arterial focus can be measured, which may hamper market growth to some extent.

Also, this device does not measure the exact focal length of the lens; it can be measured from the principal plane as well as the surface of the lens. Reliance on operators of automated devices to analyze, read, and modify local government regulations is expected to hinder market growth over the years ahead.

Market share analysis of lensometers based on end user and region. Under the end-user segment, ophthalmic clinics account for 43.2% market share.

Country-wise Insights

Why is There High Lensometer Demand in the U.S.?

Growth of this regional market is attributed to the rising geriatric population, increasing eye problems, rising demand for eyeglasses, and increasing eye surgeries in the region. These are some of the factors expected to boost the market during the forecast period. For example, visual sharpness deteriorates naturally in older people, starting with the loss of reading acuity or presbyopia and progressing to clouding of the lens of the eye or cataracts.

Cataracts occur when the lens tissue of the eye deteriorates with age or damage, causing the natural lens to become thicker, less transparent, and less flexible.

• Each year, approximately 4 million cataract surgeries are performed in the United States alone, and 28 million worldwide. Approximately 60,000 cataract surgeries are performed worldwide every day.

This number has increased the demand for lensometers. As such, the United States lensometers market is expected to reach a value of US$ 78.85 million in 2023.

Why is the Chinese Lensometers Market Progressing Rapidly?

Due to the industry's steady industrialization and technological advancements, China is expected to account for the second-largest share of global sales. China has introduced automated equipment in a big way, which boosted the growth of the target market.

There are several lensometer manufacturers in China contributing to the expansion of the Chinese market. With recent technological advances, quality and specifications are up to global standards. All these factors will enable the long-term growth of the Chinese lensometers market, with its valuation likely to be US$ 36.85 million in 2023.

Category-wise Insights

Why Do Ophthalmic Clinics Account for a High Market Share?

A lensometer is an ophthalmic instrument used to quantify lens power. Lensometers are used primarily by opticians and optometrists to check the power of eyeglasses and indicate the orientation of the lens. This has led to the wide acceptance of lensometers in the ophthalmic diagnostic industry. Ophthalmic conditions are found mainly in the elderly, thereby increasing the demand for lensometers.

By the end of 2033, the number of eye clinic end users is expected to exceed US$ 135 million. Based on these facts, ophthalmic clinics are expected to substantially drive market growth during the evaluation period.

Will Manual Lensometers Continue Creating the Most Opportunities in the Lensometers Market?

Manual lensometers are used to ensure correct prescription and properly align and mark uncut lenses in eyeglasses. Moreover, manual lensometers are cheaper and have a higher success rate than other types of treatment options, making this segment the most profitable one.

It also ensures that lenses are assembled correctly when inserted into spectacle frames, and accurately measures a wide variety of lenses, including single vision, bifocals, and contact lenses. This will lead to a surge in the demand for manual lensometers, with the segment estimated to account for a market value of US$ 191.3 million in 2023.

Competitive Landscape

Prominent lensometer manufacturers are Topcon Corporation, Tomey Corporation, Haag Streit AG, Nidek Co Ltd, Heine Optotechnik GmbH & Co KG, Carl Zeiss AG, and Welch Allyn Inc., Welch Allyn Inc., Essilor Instruments USA, Luneau Technology USA, Ningbo FLO Optical, Reichert, Rexxam, Righton, Takagi, and Shanghai JingLian Group.

Leading industry players are involved in the design and manufacture of lensometers that exceed industry standards. Connected devices and the Internet of Things are new developments that are expected to drive the market in the future. Manufacturers are developing error-free lensometers to better serve both customers and users.

Some of the Industry developments are :

• In March 2022, Topcon Healthcare introduced SOLOS as an automated lens analyzer. It is a multifunctional instrument used to simplify the workflow by combining a full range spectrometer with a fully automated instrument. The company introduced this analyzer to support its growth in the global market.

Fact.MR has provided detailed information about the price points of key manufacturers of lensometers positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Lensometers Industry Research

• By Product Type :

  • Continuous Display Lensometers
  • Digital Display Lensometers

• By Operation :

  • Manual Lensometers
  • Automatic Lensometers

• By End User :

  • Hospitals
  • Ophthalmic Clinic
  • Academic and Research Institutes
  • Optical Stores

• By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Middle East and Africa (MEA)