The global wavefront aberrometers market size is expected to reach USD 53.8 Million by 2032. The wavefront aberrometers market is growing rapidly. As per FMI Analysts, the global Wavefront aberrometers market is estimated to be valued at USD 37.4 Million in 2022 and is projected to increase at a CAGR of 3.4% in the forecast period from 2022 to 2032.
| Report Attribute | Details |
|---|---|
| Wavefront Aberrometers Market Estimated Base Year Value (2021) | USD 36.17 Million |
| Wavefront Aberrometers Market Expected Market Value (2022) | USD 37.4 Million |
| Wavefront Aberrometers Market Anticipated Forecast Value (2032) | USD 53.8 Million |
| Wavefront Aberrometers Market Projected Growth Rate (2022 to 2032) | 3.4% CAGR |
There are two types of wavefront aberrometers - the optical wave splitter and the wavefront aberrometer. The optical wave splitter measures pupil diameter by detecting the beam of light that enters the eye reflects back, and is captured by the optical wavefront aberrometer. Both are used to identify lower and higher-order errors in vision, including comas, spherical aberrations and halos.
However, limited testing, untrained personnel and inadequate testing equipment can hinder the wavefront aberrometers market's growth. Owing to better economic conditions, better healthcare facilities, better government initiatives, and increased investment in research and development, North America will lead the wavefront aberrometers market with a market share of 33.9%.
In 2016, when LASIK surgery was performed on a myopic patient using high-resolution aberrometers, the outcome of the surgery was quite successful, according to a study published in the Journal of Clinical Ophthalmology. The advancements in products related to wave-front aberrometer are expected to drive the growth of the market. For instance, in 2018, Oculus, Barrett Toric Calculator, and Olsen introduced ray-tracing formulas to Pentacam AXL.
These new features take data on posterior and anterior corneal surface and thickness. Therefore, these factors will drive the growth of the wavefront aberrometer market.
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The wavefront aberrometer is used for diagnosing both lower and higher order of vision problems, such as comas and spherical aberrations, which are responsible for comets and halos around light foci. This method involves projecting a beam of light into the eye, reflecting back by the retina and further capturing it in the aberrometer.
A growing market for wavefront aberrometers is driven by the increased prevalence of eye disorders, a very similar device is sometimes referred to as an eye laser system, which is also used for refractive surgery. Wavefront aberrometers play an important role in the planning phase of eye surgery.
It is expected that North America will lead this market with a market share value of 33.9%. This is due to a stronger economy, better healthcare facilities, better government initiatives, and a higher level of business investments in research and development.
The increase in awareness of eye-related diseases and the growing aging population are likely to impact sales of wavefront aberrometers globally over the forecast period, although limited testing, inexperienced personnel, and inadequate equipment are some of the factors which may hinder the growth of the global wavefront aberrometers market overall.
A growing awareness of eye diseases and increasing adoption of treatment are expected to result in Europe holding the second largest market share of 27.4%, followed by Latin America.
There is a growing demand for wavefront aberrometers, which are sometimes associated with eye laser systems used for refractive surgery during the planning stages of surgery. In addition, increased awareness about eye-related diseases and ageing populations requiring frequent medical check-ups are also expected to positively impact the wavefront aberrometers market.
Some of the leading companies operating in the global membrane filter cartridge market include Abbott Medical Optics Inc, Novartis AG, Carl Zeiss Meditec, Essilor instruments, Coburn Technologies, Inc., Luneau Technology USA, Inc., NIDEK CO., LTD, OPTIKON, SCHWIND eye-tech-solutions, US Ophthalmic and others.
For instance, in 2018, Oculus, Barrett Toric Calculator and Olsen released ray-tracing formulas to Pentacam AXL that allow them to take data on posterior and anterior corneal surface, thickness, and angle. These factors are expected to drive the growth of the wavefront aberrometer market. An article in the Journal of Clinical Ophthalmology found that LASIK surgery performed using a high-resolution aberrometer in a myopic patient resulted in quite successful outcomes.
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Some of the leading companies operating in the global wavefront aberrometers market include Abbott Medical Optics Inc, Novartis AG, Carl Zeiss Meditec, Essilor instruments, Coburn Technologies, Inc., Luneau Technology USA, Inc., NIDEK CO., LTD, OPTIKON, SCHWIND eye-tech-solutions, US Ophthalmic and others.
In 2016, when LASIK surgery was performed in a myopic patient using high-resolution aberrometers, the outcome of the surgery was quite successful, according to a study published in the Journal of Clinical Ophthalmology.
In addition, advancements in products related to wave-front aberrometer are expected to drive the market growth. For instance, in 2018, Oculus, Barrett Toric Calculator, and Olsen introduced the ray-tracing formula to Pentacam AXL. These new features take data regarding the posterior and anterior corneal surface and thickness. Hence, these factors are expected to drive the demand for wavefront aberrometer.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 3.4% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2016 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022-2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Product Type, Indication, End User, Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; Asia-Pacific; Japan; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Mexico, Germany, UK, France, Spain, Italy, Russia, Poland, Australia, New Zealand, China, India, Japan, GCC, South Africa, North Africa |
| Key Companies Profiled | Abbott Medical Optics Inc; Novartis AG; Carl Zeiss Meditec; Essilor instruments; Coburn Technologies, Inc.; Luneau Technology USA, Inc.; NIDEK CO., LTD, OPTIKON; SCHWIND eye-tech-solutions; US Ophthalmic; others |
| Customization | Available Upon Request |
The global wavefront aberrometers market is set to exceed USD 53.8 Million in 2032.
The USA is projected to lead the wavefront aberrometers market in the forecast period.
The wavefront aberrometers market is likely to secure a CAGR of 3.4% through 2032.
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