Albany, NY -- (SBWIRE) -- 03/13/2019 -- Research indicates next generation optical biometry devices market is anticipated to account for revenues over US$ 450 Mn, by 2028 end. The report on next generation optical biometry devices projects market revenues to expand at a CAGR of 5.1% through 2028.

More than 70% Revenue Contribution of Leading Manufacturers in Next Generation Optical Biometry Devices Market

Next generation optical biometry devices market size is largely dominated by manufactures, competing on the basis of pricing in the market. The fragmented nature of the market decreases profitability of business. Growing awareness about eye care is increasing the rate of patients opting for cataract and refractive surgeries, increasing demand for next generation optical biometry devices. Swept-source technology based next generation optical biometry products are increasing revenue opportunities for global manufacturers. Companies, such as Carl Zeiss AG, Nidek Co Ltd, Haag-Streit AG(Metall Zug AG), hold over 70% revenue share in the global next generation optical biometry devicesmarket driving continuous innovation. Further, companies operating in next generation optical biometry devices market are collaborating with local distributors/retailers to increase product penetration in next generation optical biometry devices.

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Swept-source Optical Coherent Based Biometry Devices to Exhibit Highest Revenue Share in the Next Generation Optical Biometry Devices Market

Swept-source optical coherent based optical biometry devices are gaining popularity in the U.S. market. These category of next generation optical biometry devices market are used especially at hospitals and ophthalmology clinics and specialized eye centers.Demand for precision in measurement is increasing demand for next generation optical biometry devices. Moreover, ease of usage and low dependency on trained professionals are factors increasing demand for next generation optical biometry devices. Information provided by next generation optical biometry devices is used before refractive surgeries for the determination of the IOL (intraocular lens). Next generation optical biometry devices reduce the undetected poor fixations by the optical ultrasound biometry devices. Also, next generation optical biometry devices are highly efficient and fast eliminating manual errors from traditional biometry devices. For instance, next generation optical biometry devices - Pentacam AXL, FDA-cleared can be used with a single measuring operation. Pentacam device has a comprehensive IOL database and offers a well-targeted screening process for eyes.

Ease of Access to Eye Care Fuelling Adoption of Next Generation Optical Biometry Devices

Ease of access to eye care from geriatric population is increasing globally. Low cost eye care services and increasing density of ophthalmology clinics in developed as well as developing markets contributes to increasing adoption of next generation optical biometry devices. The WHO has estimated that ~18 Mn blind people suffer from cataract globally. The manufacturers are making efforts by improving the technology, e.g. Carl Zeiss has introduced PCI technology to improve its product portfolio and launched IOL master 700 with total keratometry – the latest next generation optical biometry device for higher accuracy. Similarly, other manufacturers are working towards reducing post-operative refractive errors to develop better next generation optical biometry devices.

Availability of Reimbursement Options in the U.S. Fuelling Demand for Next Generation Optical Biometry Devices

The U.S. government has increased its healthcare expenditure to approximately 7% by providing Medicare and Medicaid services - fuelling availability of reimbursement for cataract surgeries. This is fuelling demand for advanced next generation optical biometry devices. Patient safety is top most priority in the U.S. which signals demand for faster and better ocular imaging. New companies such as Newway Technology and OCULUS Optikgeräte GmbH are entering into the next generation optical biometry devices market by launching new product features such as Rotating Scheimpflug imaging technology to obtain better images of the lens and cornea.

About the Report

The company conducted a research study on next generation optical biometry devices market for the forecast period 2018 to 2028. The next generation optical biometry devices market report offers a comprehensive evaluation of the business opportunities prevailing in the next generation optical biometry devices market along with insights on the technology used in the next generation optical biometry devices, trends, and awareness level for cataract surgeries and increasing demand for optical biometry devices market competition. The report elaborates on the macroeconomic factors influencing the dynamics of next generation optical biometry devices market and their future potential.

Segmentation

The report offers a comprehensive taxonomy of next generation optical biometry devices based on product type, end user and region. Next generation optical biometry devices are used to diagnose various eye related disorders such as cataracts and refractive disorders, such as astigmatisms, myopia and presbyopia etc. These next generation optical biometry devices are used by hospitals, Ophthalmology clinics and specialized eye centers and Ambulatory surgical centers. The next generation optical biometry devices has been analyzed across regions of North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan, Japan and MEA.

Additional Questions Answered

Some of the additional questions addressed in this report on next generation optical biometry devices -

What is the revenue potential of next generation optical biometry devices across regions of North America and Europe?
Who are the key competitors and what are their portfolios in next generation optical biometry devices market?
What are major challenges influencing the growth of next generation optical biometry devices market?
How intervention from regulatory authority is shaping the next generation optical biometry devices market growth?

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Next Generation Optical Biometry Devices Market: Key Players

The next generation optical biometry devices market report tracks some of the key companies, such as Carl Zeiss AG, Nidek Co Ltd, Haag-Streit AG(Metall Zug AG), Ziemer Ophthalmic Systems, Optovue, Incorporated, Topcon Corporation, TOMEY GmbH, Movu Inc. (unit of Santec Corporation) , Newway Technology and OCULUS Optikgeräte GmbH. The largest player in the next generation optical biometry devices market is Carl Zeiss AG with its IOL masters and Haag-Streit AG's Lenstar.

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