Corneal Topographers Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The corneal topographers market studied was anticipated to grow with a CAGR of nearly 6.2% during the forecast period. The major factors driving the growth of the market are the global prevalence of various ophthalmic disorders such as refractive errors, cataracts, diabetic retinopathy, etc. and rise in the geriatric population. For instance, according to the study results published by the International Council of Ophthalmology, in 2019, the prevalence of eyes disorders increased in population age over 50 due to high rate of macular degeneration which directly resulted in higher demand for diagnosis and efficient earlier treatments fueling the growth of the market. Furthermore, an increase in technological advancements in the corneal topography led to a steep rise in wide range of applications such as of diagnosis for various disorders such as corneal astigmatism, an assessment for the implantation of a toric IOL and cataract surgery evaluation are expected to boost the growth of the global corneal topographers market throughout the forecasted period.

Key Market Trends

The Refractive Surgery Evaluation Segment is Expected to Hold the Largest Market Share in the Corneal topographers Market

• The refractive surgery evaluation segment is expected to witness the largest market revenue over the forecast period. This dominance is owing to the higher demand to meet the rise in the volume of unaddressed refractive error and corneal opacity cases globally. Furthermore, the rising adoption of cataract surgery as the standard treatment in restoring the vision for individuals with cataracts. For instance, according to the World Health Organization (WHO) global estimates for the year 2019, about 123.7 million people have vision impairment due to unaddressed refractive error, 65.2 million affected with cataract, 6.9 million with glaucoma and 4.2 million people with corneal opacities. On the other hand, the Cataract surgery evaluation segment is anticipated to witness the highest growth over the forecast period due to the increased application of corneal topographers in the segment owing to the technological developments fueling the market revenue.
• Based on the end-user segment, the hospital segment accounts for the major share of the global ophthalmic diagnostics market during the forecast period due to an increase in new cases and a number of admissions in eye hospitals owing to eye disorders and rise in the elderly population with avoidable blindness. Also, the presence of a huge patient pool with a preference of treatment at hospitals with high disposable income and a rise in the purchasing power of hospitals in the emerging economies likely to drive the growth in this segment during the forecast period.

North America Dominates the Market and Expected to do Same in the Forecast Period.

North America is expected to dominate the overall corneal topographers market throughout the forecast period a steep rise in incidences of limbal dermoid, Corneal pterygium, and localized corneal scars along with rapid growth of elder population in the region. Furthermore, an increase in the investment by the key players and a huge pipeline of products in the ophthalmic devices sector along with a rise in approvals from the USFDA is expected to boost the growth of the market in the forecast period. For instance, according to the factsheet published by the World Health Organization (WHO) in 2019, about 2.2 billion people globally have a vision impairment or blindness and is expected to continue with rise in geriatric population due to age-related macular degeneration which directly drives for growth of the market in the region propelling the global corneal topographers market revenue.

Competitive Landscape

The corneal topographers market is moderately competitive and consists of several major players. Few of the key players are developing the new products with upgraded technologies to compete with to the existing products trending in the market while others are making partnerships with distributors to increase their sales and market position globally. For instance, in November 2017, Topcon Medical Systems incorporated the Olsen IOL calculation formula in its latest software of the ALADDIN Biometer and Corneal Topographer HW 3.0. the Olsen formula helps in accurate prediction of the physical location of the IOL after surgery which is expected to impel the global corneal topographers market growth throughout the forecast period. Some of the companies which are currently dominating the market are Topcon Medical Systems Inc, OCULUS Optikgerate GmbH, Carl Zeiss AG, Cassini Technologies and Ziemer Group AG.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support