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

Phoropter Market Size

Phoropter Market size was valued at around USD 140.9 million in 2023 and is anticipated to grow a CAGR of 4.5% between 2024 and 2032. Phoropter is an instrument used in eye examinations to determine an individual's eyeglass prescription. It is an essential tool in optometry and ophthalmology diagnostics, allowing eye care professionals to measure refractive errors and prescribe corrective lenses accurately.
 

The increasing prevalence of eye disorder is a significant driver for the market. For instance, according to the World Health Organization (WHO), in 2023, globally, at least 2.2 billion people have a near or distance vision impairment. In at least 1 billion of this vision impairment could have been prevented or is yet to be addressed. Thus, phoropters play a crucial role in accurately identifying these conditions, monitoring their progression, and prescribing corrective lenses to improve patients' vision and quality of life.
 

Furthermore, market growth is attributed to multiple factors, including the rising advancements in phoropter technology, increasing dry eye disease, which is estimated to reach 12.2 billion by 2032, rising demand for eye examinations, growing adoption of contact lenses and eyeglasses, and surging government initiatives.
 

Phoropter Market Trends

Market expansion is anticipated to be propelled by the growing adoption of contact lenses and eyeglasses. These devices require specific prescriptions tailored to each individual's needs and phoropters ensure accuracy in these prescriptions.
 

• For instance, according to The Washington Post, in 2023, two-thirds of American adults wear some kind of glasses or contact lenses.
   
• Phoropters help in determining the correct base curve and diameter of contact lenses for optimal fit and comfort. Similarly, contact lenses need correction for astigmatism or other complex vision issues which the device can accurately assess.
   
• Further, contact lens wearers require regular eye examinations to monitor eye health and ensure the prescription is up to date. Changes in vision or the need for a new prescription drive patients to visit eye care professionals and use phoropters.
   
• More individuals are aware of the importance of regular eye exams and opt for vision correction methods like contact lenses and glasses. A shift towards bionic eye, digital devices and screen time has increased the need for vision correction, driving the demand for phoropter examinations.
   

Phoropter Market Analysis

Based on product type, the market is bifurcated into manual and automated. The automated segment held the market size of USD 100.3 million in 2023.
 

• Automated phoropters offer faster and more efficient refraction testing compared to manual phoropters. They streamline the examination process, allowing eye care professionals to see more patients in a shorter time.
   
• Moreover, they are operated using computerized systems, allowing for precise adjustments with the push of a button. They often integrate with electronic health records (EHR) systems, making it easier to record and store patient data.
   
• They offer a wide range of test options, including visual acuity, binocular vision testing, astigmatism evaluation, and allow for customized settings based on individual patient needs.
   
• Thus, automated phoropters are expected to maintain their dominance in the market, meeting the demands of modern eye care practices and patients alike.
   

Based on end-use, the phoropter market is segmented into hospitals, specialty clinics, optical shops, and other end-users. The specialty clinics segment is expected reach a market size of USD 81.4 million by 2032.
 

• Specialty clinics, such as ophthalmology and optometry clinics, focus solely on eye care. They offer a wide range of eye care services, including refraction testing, vision correction, and treatment of eye disorders.
   
• Patients visiting these clinics have specific eye care needs, driving the need for efficient and accurate diagnosis and treatment. The high volume of patients in specialty clinics necessitates phoropters that can handle a large number of examinations.
   
• Patients seek specialty clinics for their specialized expertise and reputation in eye care. Phoropters are trusted instruments in these clinics, enhancing patient confidence in the accuracy of their prescriptions.
   
• Further, phoropters are essential tools in these specialized settings, providing accurate and detailed assessments that contribute to effective treatment plans and improved patient outcomes, thereby driving the market’s growth.

North America phoropter market accounted for USD 57.1 million revenue in 2023 and is predicted to witness substantial market growth.
 

• The significant market share is correlated to a highly advanced healthcare infrastructure. The region has a high number of eye care facilities, including specialty clinics, providing easy access to vision care services.
   
• North America has been experiencing a significant rise in myopia, especially among children and young adults. With a large aging population there is a higher prevalence of age-related eye conditions like presbyopia and cataracts.
   
• Further, the region is a hub for technological innovation, including advancements in medical devices and diagnostic tools like phoropters.
   

 Phoropter Market Share

The phoropter industry is competitive in nature, with several large multinationals and small and mid-sized companies competing in the industry. Companies are developing innovative phoropters to aid in disease diagnosis, prognosis, and treatment monitoring. These biomarkers range from manual to automated, reflecting the complex nature of various eye disorders. Regulatory approvals and collaborations with research institutions further influence market positioning.
 

Phoropter Market Companies

Some of the eminent market participants operating in the phoropter industry include:

• Carl Zeiss Meditec AG
• Huvitz Corp
• Marco
• NIDEK CO., LTD
• Reichert, Inc.
• Rexxam Co, Ltd
• Topcon Corporation
• US Ophthalmic
• Visionix
• Xenon Ophthalmics Inc.
   

Phoropter Industry News:

• In February 2023, NIDEK CO., LTD., announced a partnership with HOYA Vision Care, a leader in optical technology innovation. The global agreement provide access to complete portfolio of state-of-the-art optical instruments and products to provide a full-service approach to patient care, from eye examination to consultation through phoropters. Thus, it increased the product portfolio of the company.
   
• In July 2021, Topcon Corporation announced that it has acquired VISIA Imaging S.r.l. This acquisition strengthened the optical design, mechanical engineering, and manufacturing of phoropters, thereby increased the sales and generated revenue.
   

Phoropter market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 – 2032 for the following segments:

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Market, By Product Type

• Manual
• Automated

Market, By End-use

• Hospitals
• Specialty clinics
• Optical shops
• Other end-users

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• Middle East and Africa
  • Saudi Arabia
  • South Africa
  • UAE
  • Rest of Middle East and Africa