Phoropters Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Market Overview

The phoropters market studied is anticipated to witness a CAGR of nearly 4.1%, during the forecast period.

• Certain factors that are driving the market growth include the growing prevalence and recurrence of eye disorders and technological advancements.
• In many developed and developing nations, eye disorders have emerged as potential threats to the status of sight of their people. The significant rise in the prevalence of diabetes in various countries has led to diabetic retinopathy being added to the priority list.
• According to the WHO, in 2018, it was estimated that approximately 1.3 billion people were living with some form of vision impairment, 188.5 million people had mild vision impairment, 217 million had moderate to severe vision impairment, and 36 million people are blind.
• Across the globe, the leading causes of vision impairment are uncorrected refractive errors and cataracts, and most people with vision impairment are over the age of 50 years. As per the WHO, chronic eye diseases are the number one cause of vision loss, with the top two causes being unoperated cataracts and uncorrected refractive errors. The former is the leading cause in countries with low- or middle-incomes.
• In addition, the global geriatric population continues to grow at an unprecedented rate. The increase in the aging population presents several public health challenges that people need to prepare for. Presbyopia is an age-related visual impairment. It results from the gradual decrease in accommodation expected with age and can have multiple effects on the quality of vision and quality of life. Though not incapacitating, if corrected, presbyopia without optical correction results in an inability to perform once-effortless near tasks at a customary working distance without experiencing visual symptoms.
• Hence, the rising incidence of eye-related disorders is projecting a great impact on the growth of the market studied.

Scope of the Report

As per the scope of the report, phoropters refer to an instrument used in eye examinations to determine an individual's prescription, the patient looking through various lenses at a chart on the other side. The device contains different lenses used for refraction of the eye during sight testing, to measure an individual's refractive error and determine his or her eyeglass prescription.

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Key Market Trends

Specialty Clinics Hold Significant Share in the Global Phoropters Market

Specialty clinics are expected to observe steady growth in the adoption rate of phoropters, owing to the increasing number of eye disorders. For instance, the prevalence of presbyopia is higher in societies in which larger proportions of the population survive into old age. With the aging of the U.S. population, an unprecedented number of patients with presbyopia can be expected to present to optometrists' offices in the coming years. Because presbyopia is age-related, its prevalence is directly related to the proportion of older persons in the population. Although it is difficult to estimate the incidence of a chronic condition such as presbyopia, due to its slow onset, it appears that the highest incidence of presbyopia (i.e., first-reported effects) is in people aged 42 to 44 years. Hence, with the emergence of such diseases, specialty clinics are gaining attention in the market studied.

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