Autorefractor Market Size was valued at USD 1.9 Billion in 2023. The Autorefractor Market industry is projected to grow from USD 2.1 Billion in 2024 to USD 5.2 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 13.50% during the forecast period (2024 - 2032). The increasing prevalence of eye issues and vision impairment, and technological advancements are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The increased prevalence of eye disorders and vision impairment are driving market CAGR for the Autorefractor. The rising prevalence of various eye problems, including myopia, hyperopia, astigmatism, and presbyopia, is projected to boost demand for autorefractors in the future years. According to research conducted by The National Eye Institute (NEI), approximately 54 million people in the United States suffer from vision impairment. This number is projected to rise dramatically in the coming years as the population grows and ages. As a result, autorefractors are in high demand from ophthalmology clinics around the world to serve this enormous population.
Moreover, autorefractors are continually improving as technology advances, with the goal of making them more accurate and user-friendly. For instance, recent improvements have resulted in the development of autorefractors that may be used with both contact lenses and spectacles, broadening their application among patients with various types of refractive defects. This is expected to drive market expansion throughout the forecast period.
The rising usage of spectacles and contact lenses is a major driver of the autorefractor market. As more individuals rely on corrective eyewear to improve their vision, there is an increasing demand for precise and efficient eye exams. Autorefractors are important in finding the proper prescription for spectacles and contact lenses because they correctly measure the eye's refractive error. With the increasing prevalence of vision problems and the inclination for corrective eyewear, there is a growing demand for sophisticated autorefractors that can offer quick and accurate assessments. Optometrists and ophthalmologists are increasingly using autorefractors in their operations to improve prescription accuracy and overall patient care. Thus driving the Autorefractor Market revenue.
The Autorefractor Market segmentation, based on Type, includes Manual Autorefractor and Automatic Autorefractor. The Automatic Autorefractor segment dominated the market in 2023, with more than 60%. An automatic autorefractor is a device that measures the inclination or slope of a surface. It's sometimes referred to as an inclinometer, tilt sensor, or gyro. The automatic autorefractor measures the inclination with regard to the horizon by connecting an optical fiber cable to a laser source.
Figure 1: Autorefractor Market, by Type, 2023 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Optical Shops, Hospitals and Others are the segments based on Application in the Autorefractor Market. In 2023, the optical shops sector held the biggest market share. The increased demand for spectacles and frames is the primary driver of this segment's high share. Autorefractors are used in optical businesses to measure the client's glasses or spectacles and supply the appropriate prescription. These instruments are utilized by optometrists, ophthalmologists, and surgeons because they deliver precise measurement data in seconds. Autorefractor machines are also used in hospitals to measure the size of patients' garments or surgical gowns, as well as bedsheets and pillowcases.
By region, the study provides the market insights into North America, Europe, Asia-Pacific and the Rest of the World. In 2023, North America had the largest revenue share of the global market. The region's dominance is likely to continue during the projection period, owing to factors such as an expanding optometrist population, high spending income, and rising awareness of vision care.
Further, the major countries studied in the market report are the US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: AUTOREFRACTOR MARKET SHARE BY REGION 2023 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Autorefractor Market accounts for the second-largest market share. This is due to rising demand for innovative technology and a growing geriatric population. Further, the German Autorefractor Market held the largest market share, and the UK Autorefractor Market was the fastest-growing market in the European region.
The Asia-Pacific Autorefractor Market is expected to grow at the fastest CAGR from 2024 to 2032. This is due to improved healthcare infrastructure and an increasing number of optical shops in developing nations such as India and China. Moreover, China’s Autorefractor Market held the largest market share, and the Indian Autorefractor Market was the fastest-growing market in the Asia-Pacific region.
Autorefractor Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development in order to expand their Type lines, which will help the Autorefractor Market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new Type launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Autorefractor industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Autorefractor industry to benefit clients and increase the market sector. In recent years, the Autorefractor industry has offered some of the most significant advantages to medicine. Major players in the Autorefractor Market, including Topcon, Nidek, Reichert, Zeiss, Rexxam, Essilor, Huvitz, Marco, Luneau Technology and others, are attempting to increase market demand by investing in research and development operations.
Carl Zeiss Meditec AG is Carl Zeiss AG's subsidiary and an international medical technology firm. It manufactures eye inspection tools, medical lasers, and solutions for neurosurgery, dentistry, gynecology, and oncology. Its products include the most common tools used by ophthalmologists and optometrists. In September 2019, Carl Zeiss Meditec introduced the CIRRUS 6000 at the European Society of Retina Specialists 2019 Congress.
Essilor International is a global ophthalmic optics firm that creates, manufactures, and markets lenses to improve or protect vision. Its headquarters are at Charenton-le-Pont, near Paris, France. It is the world's leading manufacturer of ophthalmic lenses. The company developed Varilux, the world's first progressive lens that corrects presbyopia and provides clear vision in the wearer's near, intermediate, and distant vision. In 1972, ophthalmic businesses Essel and Silor merged to form the company. In January 2019, Essilor announced a merger with Italian eyeglasses manufacturer Luxottica, in which Essilor would buy the Italian company and Luxottica's executive chairman, Leonardo Del Vecchio, would become co-executive chairman.
Key Companies in the Autorefractor Market include
Autorefractor Industry Developments
In October 2022, Seiko Holdings was renamed Seiko Group. Epson continues to develop and manufacture some of Seiko's highest-quality timepieces but is managed and operated entirely independently of the Seiko Group.
In July 2021, Topcon Corporation bought VISIA Imaging S.r.l, an ophthalmic equipment company situated in suburban Florence, Italy.
In October 2019, Carl Zeiss Meditec announced the acquisition of Reno, Nevada-based IanTech for an undisclosed price.
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 1.9 Billion |
| Market Size 2024 | USD 2.1 Billion |
| Market Size 2032 | USD 5.2 Billion |
| Compound Annual Growth Rate (CAGR) | 13.50% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2019- 2021 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Application and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Topcon, Nidek, Reichert, Zeiss, Rexxam, Essilor, Huvitz, Marco, Luneau Technology, Righton, Takagi Seiko, Ming Sing Optical, Hangzhou Kingfisher and Shanghai Yanke |
| Key Market Opportunities | ยทย ย ย ย ย ย Technological advancement and innovation |
| Key Market Dynamics | ยทย ย ย ย ย ย Growing prevalence of vision disorders |
Frequently Asked Questions (FAQ) :
The Autorefractor Market size was valued at USD 1.9 Billion in 2023.
The global market is projected to grow at a CAGR of 13.50% from 2024 to 2032.
North America had the largest share of the global market.
The key players in the market are Topcon, Nidek, Reichert, Zeiss, Rexxam, Essilor, Huvitz, Marco, Luneau Technology and others.
The Automatic Autorefractor category dominated the market in 2023.
The optical shops category had the largest share of the global market.
Assistant Manager He holds an experience of about 7+ years in market research and business consulting, working under the spectrum of life sciences and healthcare domains. rahul conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. his expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc. in addition to the above, his other responsibility includes strategic tracking of high growth markets & advising clients on the potential areas of focus they could direct their business initiatives
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