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PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1485276

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PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1485276

Phoropter Market - By Product Type (Manual, Automated), End-use (Hospitals, Specialty Clinics, Optical Shops) - Global Forecast 2024 - 2032

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Phoropter Market size is projected to expand at 4.5% CAGR from 2024 to 2032. The increasing prevalence of vision disorders, such as myopia, hyperopia, and astigmatism is fueling the demand for comprehensive eye examinations, where phoropters play a crucial role in determining accurate prescriptions. According to CDC, approximately 12 million people aged 40 years and above in the U.S. have vision impairment. This increasing burden of eye related disorders is driving the demand for phoropters.

Significant advancements in phoropter technology, like digitalization and integration with electronic health records (EHR) systems are enhancing efficiency and accuracy in refraction tests, further favoring adoption among eye care professionals. The rising awareness of the importance of regular eye check-ups and the growing elderly population are increasing the volume of eye examinations conducted using phoropters. The expansion of healthcare infrastructure and the integration of eye care services into primary care settings will further compliment the industry growth.

The phoropter market is segregated into product type, end-use, and region.

Based on product type, the market value from the manual segment is estimated to rise at 4.8% growth rate from 2024 to 2032, on account of the reliability and affordability of manual phoropters compared to automated alternatives. The simplicity of operation and familiarity among eye care professionals is contributing to the continued product use. Manual phoropters also offer precise control over lens adjustments, making them suitable for specialized examinations for ensuring accurate prescription determination.

Phoropter industry from the hospitals end-use segment will expand at 4.4% CAGR until 2032, owing to the increasing demand for comprehensive eye care services within these settings. Hospitals serve as primary centers for diagnosing and treating various eye conditions, thus requiring advanced diagnostic equipment like phoropters. The integration of eye care services into multispecialty hospitals and the rising patient volume will also boost the segment growth.

Regionally, the Asia Pacific phoropter market is projected to witness 5.1% CAGR until 2032, due to the rising prevalence of vision disorders owing to lifestyle changes and increasing screen time. The expanding healthcare infrastructure, especially in emerging economies like China and India is enhancing accessibility to eye care services and diagnostic equipment like phoropters. The growing disposable incomes and rising awareness about the importance of regular eye check-ups will bolster the regional industry.

Product Code: 8465

Table of Contents

Chapter 1 Methodology & Scope

  • 1.1 Market scope & definition
  • 1.2 Base estimates & calculations
  • 1.3 Data collection
  • 1.4 Forecast parameters
  • 1.5 Data sources
    • 1.5.1 Primary
    • 1.5.2 Secondary
      • 1.5.2.1 Paid sources
      • 1.5.2.2 Public sources

Chapter 2 Executive Summary

  • 2.1 Industry 360 degree synopsis

Chapter 3 Industry Insights

  • 3.1 Industry ecosystem analysis
  • 3.2 Industry impact forces
    • 3.2.1 Growth drivers
      • 3.2.1.1 Increasing prevalence of eye disorder
      • 3.2.1.2 Rising advancements in phoropter technology
      • 3.2.1.3 Rising demand for eye examinations
      • 3.2.1.4 Growing adoption of contact lenses and eyeglasses
    • 3.2.2 Industry pitfalls & challenges
      • 3.2.2.1 Lack of skilled professionals
      • 3.2.2.2 High cost associated with the equipment
  • 3.3 Growth potential analysis
  • 3.4 Regulatory landscape
  • 3.5 Technological landscape
  • 3.6 Porter's analysis
    • 3.6.1 Supplier power
    • 3.6.2 Buyer power
    • 3.6.3 Threat of new entrants
    • 3.6.4 Threat of substitutes
    • 3.6.5 Industry rivalry
  • 3.7 PESTEL analysis
  • 3.8 Future market trends

Chapter 4 Competitive Landscape, 2023

  • 4.1 Introduction
  • 4.2 Company matrix analysis
  • 4.3 Company market share analysis
  • 4.4 Competitive positioning matrix

Chapter 5 Market Estimates and Forecast, By Product Type, 2018 - 2032 ($ Mn)

  • 5.1 Key trends
  • 5.2 Manual
  • 5.3 Automated

Chapter 6 Market Estimates and Forecast, By End-Use, 2018 - 2032 ($ Mn)

  • 6.1 Key trends
  • 6.2 Hospitals
  • 6.3 Specialty clinics
  • 6.4 Optical shops
  • 6.5 Other end-users

Chapter 7 Market Estimates and Forecast, By Region, 2018 - 2032 ($ Mn)

  • 7.1 Key trends
  • 7.2 North America
    • 7.2.1 U.S.
    • 7.2.2 Canada
  • 7.3 Europe
    • 7.3.1 Germany
    • 7.3.2 UK
    • 7.3.3 France
    • 7.3.4 Spain
    • 7.3.5 Italy
    • 7.3.6 Rest of Europe
  • 7.4 Asia Pacific
    • 7.4.1 Japan
    • 7.4.2 China
    • 7.4.3 India
    • 7.4.4 Australia
    • 7.4.5 South Korea
    • 7.4.6 Rest of Asia Pacific
  • 7.5 Latin America
    • 7.5.1 Brazil
    • 7.5.2 Mexico
    • 7.5.3 Argentina
    • 7.5.4 Rest of Latin America
  • 7.6 Middle East and Africa
    • 7.6.1 Saudi Arabia
    • 7.6.2 South Africa
    • 7.6.3 UAE
    • 7.6.4 Rest of Middle East and Africa

Chapter 8 Company Profiles

  • 8.1 Carl Zeiss Meditec AG
  • 8.2 Huvitz Corp
  • 8.3 Marco
  • 8.4 NIDEK CO., LTD
  • 8.5 Reichert, Inc.
  • 8.6 Rexxam Co, Ltd.
  • 8.7 Topcon Corporation
  • 8.8 US Ophthalmic
  • 8.9 Visionix
  • 8.10 Xenon Ophthalmics Inc.
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