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Phoropter Market Size
- Report ID: GMI8465
- Published Date: Mar 2024
- Report Format: PDF
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.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Phoropter Market Size in 2023: | USD 140.9 Million |
| Forecast Period: | 2024 – 2032 |
| Forecast Period 2024 – 2032 CAGR: | 4.5% |
| 2024 – 2032 Value Projection: | USD 210.4 Million |
| Historical Data for: | 2018 – 2023 |
| No. of Pages: | 110 |
| Tables, Charts & Figures: | 148 |
| Segments covered: | Product Type, End-use, and Region |
| Growth Drivers: |
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Phoropter Market Scope
