According to a new report, published by KBV research, The Global Phoropter Market size is expected to reach $181.6 million by 2030, rising at a market growth of 4.3% CAGR during the forecast period. In the year 2022, the market attained a volume of 43,197.4 units, experiencing a growth of 3.6% (2019-2022).
Phoropters with remote monitoring capabilities enable continuous tracking of changes in visual acuity. This is particularly valuable for conditions with progressive changes, allowing for timely adjustments to prescriptions and treatment plans. Likewise, integrating biometric data into phoropters adds a layer of precision by considering individual anatomical factors. Biometric measurements, such as corneal topography and ocular wavefront data, contribute to personalized and accurate vision correction.
The Automated segment is leading the Global Phoropter Market, by Product Type in 2022; thereby, achieving a market value of $138.5 million by 2030. Automated phoropters are designed to provide highly precise and accurate refractive measurements. Automating the refractive process reduces the potential for human error, leading to more reliable prescription outcomes for eyeglasses or contact lenses. Thus, owing to these factors, the segment will witness enhanced growth in the coming years.
The Hospitals segment is experiencing a CAGR of 4.8% during (2023 - 2030). Hospitals, especially those with specialized ophthalmology departments, aim to provide comprehensive eye care services. Phoropters are crucial in eye examinations, allowing practitioners to measure refractive errors and determine the appropriate prescriptions for eyeglasses or contact lenses. Hence, these aspects will lead to enhanced demand in the segment.
Full Report: https://www.kbvresearch.com/phoropter-market/
The North America region dominated the Global Phoropter Market, by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $70.1 million by 2030. The Europe region is anticipating a CAGR of 4.1% during (2023 - 2030). Additionally, The Asia Pacific region would exhibit a CAGR of 5.1% during (2023 - 2030).
By Product Type (Volume, units, USD Million, 2019-2030)
By End User (Volume, units, USD Million, 2019-2030)
By Geography (Volume, units, USD Million, 2019-2030)
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