Wave-front Aberrometer Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 5.40 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Wave-front Aberrometer Market Analysis
The wave-front aberrometer market is expected toregister a CAGR of XX% over the forecast period, due to the growing burden of eye diseases and technological advancements in the devices. According to the World Health Organization, about one billion people in 2019 suffered from blindness because of unaddressed refractive errors, near vision impairment, and presbyopia, globally. Uncorrected refractive errors are one of the major reasons for blindness. Hence, this factor augments the demand for novel diagnostic tools. This factor is expected to boost the demand for wave-front aberrometers.
Wave-front Aberrometer Market Trends
This section covers the major market trends shaping the Wave-front Aberrometer Market according to our research experts:
Myopia Segment is Expected to Hold a Significant Market Share in the Wave-front Aberrometer Market
- The myopia segment is expected to witness a significant growth in the wave-front aberrometer market, due to the higher prevalence of myopia. According to the American Optometric Association, in 2018, about 30% of people were living with the problem of near-sightedness in the United States. Furthermore, according to the study of the Journal of Clinical Ophthalmology, in 2016, when a LASIK surgery was performed with the help of high-resolution aberrometer in a myopic patient, the outcomes of it was found to be quite effective.
- In addition, the advancements in products related to wave-front aberrometer are expected to be the major contributors to the growth of the market. For instance, in 2018, Oculus, Barrett Toric Calculator, and Olsen introduced ray-tracing formula to Pentacam AXL. These new features help in taking the data of the posterior and anterior corneal surface and thickness. Hence, these factors are expected todrive the growth of the wave-front aberrometer market.
North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period
North America is expected to hold a major market share in the global wave-front aberrometer market, due to the high prevalence of eye-related diseases and the increasing aging population. According to the National Institute of Health, about millions of people in the United States are affected by one or the other eye condition and the aging population is at a greater risk. Furthermore, according to the Centre for Disease Control and Prevention, in 2017, around 8 million people in the United States were diagnosed with vision impairment because of refractive error. Hence, this factor is expected to boost the demand for wave-front aberrometers.
Wave-front Aberrometer Industry Overview
Companies are taking initiatives, such as launching new products to expand their presence in the market. For instance, in 2018, Essilor introduced a new product in the market, WAM700+ wave-front aberrometer. It is based upon Shack-Hartmann wavefront technology and fully-automated instrument. Some of the companies that are currently dominating the market are Novartis AG (Alcon), Carl Zeiss, Luneau Technology, Tracey Technologies, Essilor, Nidek Inc., Johnson & Johnson Visioncare Inc., SCHWIND eye-tech-solutions, Optikon, and Marco.
Wave-front Aberrometer Market Leaders
Carl Zeiss
Essilor
Luneau Technology
Nidek Inc.
Novartis AG (Alcon)
*Disclaimer: Major Players sorted in no particular order
Wave-front Aberrometer Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.2.1 Growing Burden of Eye Disease
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4.2.2 Technological Advancements in Product
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4.3 Market Restraints
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4.3.1 Lack of Skilled Personnels
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4.4 Porter's Five Force Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Application
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5.1.1 Hyperopia
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5.1.2 Myopia
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5.1.3 Astigmatism
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5.1.4 Other Applications
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5.2 Geography
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5.2.1 North America
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5.2.1.1 United States
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5.2.1.2 Canada
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5.2.1.3 Mexico
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5.2.2 Europe
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5.2.2.1 Germany
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5.2.2.2 United Kingdom
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5.2.2.3 France
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5.2.2.4 Italy
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5.2.2.5 Spain
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5.2.2.6 Rest of Europe
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5.2.3 Asia-Pacific
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5.2.3.1 China
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5.2.3.2 Japan
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5.2.3.3 India
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5.2.3.4 Australia
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5.2.3.5 South Korea
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5.2.3.6 Rest of Asia-Pacific
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5.2.4 Rest of the World
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6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
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6.1.1 Alcon
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6.1.2 Carl Zeiss
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6.1.3 Essilor
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6.1.4 Johnson & Johnson Visioncare Inc.
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6.1.5 Luneau Technology
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6.1.6 Marco
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6.1.7 Nidek Inc.
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6.1.8 Optikon
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6.1.9 SCHWIND eye-tech-solutions
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6.1.10 Tracey Technologies
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Wave-front Aberrometer Industry Segmentation
Wave-front aberrometer are devices that are used for detecting the errors in the vision of an eye. It uses light that passes through the eye and maps the refractive index error in the eye. The wave-front aberrometer market is segmented by application and geography.
| By Application | |
| Hyperopia | |
| Myopia | |
| Astigmatism | |
| Other Applications |
| Geography | ||||||||
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| Rest of the World |
Wave-front Aberrometer Market Research FAQs
What is the current Wave-front Aberrometer Market size?
The Wave-front Aberrometer Market is projected to register a CAGR of 5.40% during the forecast period (2024-2029)
Who are the key players in Wave-front Aberrometer Market?
Carl Zeiss, Essilor, Luneau Technology, Nidek Inc. and Novartis AG (Alcon) are the major companies operating in the Wave-front Aberrometer Market.
Which is the fastest growing region in Wave-front Aberrometer Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Wave-front Aberrometer Market?
In 2024, the North America accounts for the largest market share in Wave-front Aberrometer Market.
What years does this Wave-front Aberrometer Market cover?
The report covers the Wave-front Aberrometer Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Wave-front Aberrometer Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Wave-front Aberrometer Industry Report
Statistics for the 2024 Wave-front Aberrometer market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Wave-front Aberrometer analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
