"Designing Growth Strategies is in our DNA"
The global autorefractor and keratometer market size was valued at USD 69.7 million in 2024. The market is projected to grow from USD 73.3 million in 2025 to USD 107.1 million by 2032, exhibiting a CAGR of 5.6% during the forecast period. North America dominated the autorefractor and keratometer market with a market share of 35% in 2024
An autorefractor and a keratometer are essential ophthalmic instruments used to assess different aspects of eye health and vision correction needs. An autorefractor (also known as an automated refractor or auto-refractometer) measures a person's refractive error by analyzing how light changes as it enters the eye, thereby calculating the refractive error. A keratometer is an instrument used to measure the curvature of the anterior surface of the cornea. It projects a beam of light onto the cornea, and the reflected image is analyzed to determine the curvature. Additionally, an autorefractor keratometer (ARK) combines both autorefraction and keratometry in a single device, providing a comprehensive eye assessment.
Market growth is driven by the significant burden of eye conditions such as astigmatism, hyperopia, and cataracts, which may lead to vision impairments. This growing emphasis on early diagnosis of eye conditions is driving the autorefractor and keratometer demand.
Leading companies in the market include Topcon Corporation, NIDEK CO., LTD., Carl Zeiss Meditech AG, and others, concentrating on numerous growth tactics such as product advancements and geographic expansion to boost their product reach across the globe.
Rising Prevalence of Ocular Diseases to Fuel Market Expansion
Over the past few years, there has been a surge in the incidence of ocular diseases driven by lifestyle changes, an aging population, and rising diabetic conditions. These conditions are responsible for increasing the burden of hyperopia, astigmatism, and myopia, necessitating detailed diagnosis assessments of refractive error and corneal surface.
Additionally, several governments, healthcare agencies, and ophthalmic care suppliers are increasingly focusing on early diagnosis of eye conditions to better manage and alleviate vision-related diseases. Such preventive measures are expected to increase the autorefractor and keratometer utilization, thereby propelling market growth during the forecast period.
Limited Awareness of Eye Diagnosis and Affordability Concerns May Hinder Market Growth
Despite the increasing prevalence of eye diseases across the globe, awareness of the importance of regular eye examinations remains limited in many low- and middle-income countries. Additionally, the substantial costs of high-end models present significant barriers to widespread adoption in these countries. This can make it prohibitive for smaller clinics and hospitals, reducing their availability in these settings.
Moreover, limited public awareness often leads to delayed access to essential eye care. This can diminish the autorefractor and keratometer demand, hampers market expansion.
Surge in Strategic Partnerships Among Key Participants to Boost Product Sales
With the surging demand for advanced diagnostic devices, top-tier players are shifting gears toward innovation. This evolving focus has led to a surge in clinical research targeting eye conditions and spurred a wave of collaborations, mergers, and acquisitions. This is intended to enhance product modernization, including the development of handheld autorefractors and other advanced tools.
As companies increasingly join forces, their combined expertise and assets are set to accelerate the development of cutting-edge eye diagnostic equipment, including autorefractors and keratometers. This surge in collaboration is poised to trigger a wave of product rollouts, unlocking promising avenues for market expansion.
Lack of Trained Experts May Hamper Market Growth
The dearth of experts in the ophthalmology field poses a significant challenge that is expected to hinder autorefractor and keratometer demand. This shortage may limit the effective deployment and use of advanced diagnostic technologies essential for accurate eye condition diagnosis and treatment.
Furthermore, the lack of trained personnel can reduce patient access to vital diagnostic services, potentially restraining market expansion.
Such workforce shortages could lead to a decreased ability of healthcare providers to diagnose patients, thereby delaying such procedures and ultimately hindering the utilization of autorefractors and keratometers. This, in turn, is expected to hinder the market in the coming years.
Technological Advancements to Boost Market Growth
Recent advancements in autorefractors and keratometers are transforming the landscape of the diagnosis of eye conditions. The incorporation of digital and automated features has enhanced the functionality of these devices, allowing for more accurate examinations. Modern devices are capable of storing and analyzing patient data, integrating with EHR systems, and generating detailed diagnostic reports. Digital autorefractors enhance the accuracy and efficacy of eye exams through digital readouts and automated printouts.
Moreover, some of the recent advancements include enhanced imaging capabilities through high-resolution cameras, enabling the capture of detailed images and determining eye health. These advancements have enabled optometrists to detect subtle changes in the eye’s anatomy. This further helps in early diagnosis and determining the treatment of conditions such as cataracts and keratoconus.
Additionally, the integration of artificial intelligence (AI) and machine learning (ML) into autorefractor and keratometer systems has enabled precision analytics and real-time data analytics. These systems are recently offering features such as automated focusing, cloud integration, and patient data tracking. Such advancements are expected to increase their adoption in ophthalmic settings.
Download Free sample to learn more about this report.
The COVID-19 pandemic witnessed a negative impact on the global autorefractor and keratometer market growth. The widespread disruption of healthcare services during this period led to a decreased demand for examination and diagnostic tools, including ophthalmic. This was mainly due to the decreased patient visits to ophthalmic settings. As a result, prominent companies in the sector experienced a substantial decline in revenues during the pandemic.
Moreover, during the outbreak, several patients postponed their visits to healthcare facilities for eye examinations, which led to decreased utilization of autorefractors and keratometers.
However, with the easing of lockdown restrictions in 2021 and a resurgence of patient visits to ophthalmic settings, the market began to recover, eventually returning to its pre-pandemic growth trajectory.
Hybrid Segment to Lead Market Due to High Accuracy of ARKs
Based on product type, the market is classified into autorefractor, keratometer, and hybrid. The hybrid segment is expected to hold a major market share during the forecast period. The segment’s growth is attributable to the high accuracy of autorefractor-keratometers (ARKs) (hybrid) compared to standalone devices for eye examinations. This has prompted key players to increase the launch of such devices and promote their usage in ophthalmic settings, which is expected to drive the segment’s growth.
The autorefractor segment is expected to witness substantial growth during the forecast period. Key companies are integrating new technology, such as AI and machine learning, to enhance the features of autorefractors, thereby enhancing their diagnostic outcomes. These advancements are expected to increase their adoption across healthcare settings, thereby driving the segment’s growth.
Tabletop Segment to Dominate Market Owing to Its High Preference in Optometric Offices
Based on portability, the market is classified into tabletop and handheld. The tabletop segment is expected to hold a major market share during the forecast period. The segment’s growth is attributable to a high preference for tabletop systems in optometric offices, as they are ideal for conducting comprehensive eye examinations.
The handheld segment is expected to witness substantial growth over the forecast period. Handheld devices offer flexibility and convenience and are particularly useful for mobile clinics, home visits, and screenings in schools or workplaces. There is an increasing demand for portable, battery-powered, and lightweight devices, especially in rural or underserved regions, which is encouraging prominent players to launch new devices and contribute toward segment growth.
Growing Prevalence of Hyperopia to Fuel the Segment’s Growth
Based on indication, the market is divided into hyperopia, myopia, astigmatism, and others. The hyperopia segment held the largest market share in 2024. The increased prevalence of hyperopia in both adults and pediatrics is propelling the use of effective diagnostic solutions such as autorefractors and keratometers, which is expected to fuel the segment’s growth.
The myopia segment is projected to experience notable growth in the forthcoming years, propelled by factors such as the increasing geriatric population and increased screen time of individuals due to rising digital device usage. These conditions may further increase the incidence of myopia and fuel the autorefractor and keratometer demand.
The astigmatism segment is anticipated to hold a substantial share during the forecast timeframe, attributed to the increased availability of modern and advanced featured devices that enhance the diagnostic scenario for this condition.
The others segment is anticipated to hold a stagnant share due to the increasing burden of refractive errors caused by keratoconus, cataracts, and others. These conditions may necessitate the need for frequent diagnosis, which is expected to fuel the autorefractor and keratometer demand.
Increase in Number of Ophthalmic Diagnostic Procedures Encouraged Hospitals Segment Growth
Based on end-user, the market is segmented into hospitals, ophthalmic clinics, and others.
The hospitals segment dominated the market in 2024, attributed to the high volume of ophthalmic diagnostic procedures conducted in hospital settings. This is due to the large resources available in these settings, which lead to widespread access to advanced equipment.
The ophthalmic clinics segment is expected to grow at the fastest CAGR during the forecast period. This growth is driven by the increasing number of ophthalmic clinics globally, which is fueling the need for the installation of advanced diagnostic equipment such as autorefractors and keratometers.
The others segment, including telehealth and academic clinics, is projected to expand significantly in the forthcoming years due to increasing initiatives and partnerships aimed at improving the diagnostic landscape in healthcare settings, thereby enhancing access to vision care.
By geography, the market is studied across North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
North America Autorefractor and Keratometer Market Size, 2024 (USD Million)
To get more information on the regional analysis of this market, Download Free sample
North America dominated the market and was valued at USD 24.4 million in 2024. The advanced healthcare infrastructure, reimbursement policies, and strong presence of major players are leading to higher availability of autorefractors and keratometers in the region, fueling market growth.
In the U.S., the growing number of ophthalmic disorders driven by the significant burden of diabetes is leading to increased patient visits to ophthalmic settings. This trend is expected to propel the adoption of cutting-edge diagnostic systems and contribute to the country’s market growth.
In Canada, the growing incidence of ocular conditions such as irregular astigmatism, keratoconus, and other vision-related problems is driving the adoption of aberrometers for diagnosis, further contributing to the market expansion in the country.
The market in Europe held a substantial share in 2024 due to standard medical device regulations that promote high-quality diagnostic tools, driving the autorefractor and keratometer demand. Moreover, the large population of ophthalmologists in the region is supporting the higher diagnosis rates of eye health, which is further expected to propel market growth.
Asia Pacific is anticipated to grow at the fastest CAGR in the coming years. The growth is attributed to the increasing investment in ophthalmic diagnostics by countries such as India, China, and Japan, which is supporting the adoption of autorefractors and keratometers across the region. Moreover, the large patient pool suffering from eye diseases is further expected to drive the demand for such devices.
The Latin American and Middle East & Africa markets are expected to grow at a moderate CAGR during the forecast period. High incidence of visual impairments, a large number of ophthalmologists, and an expanding focus on healthcare infrastructure development are expected to enhance the penetration of ophthalmic diagnostic devices in these regions.
Prominent Players’ Focus on Introduction of Novel Products to Gain Competitive Edge
The global market is consolidated with major players such as Carl Zeiss Meditech AG, Topcon Corporation, and NIDEK CO., LTD. These players accounted for the significant global autorefractor and keratometer market share in 2024. This is attributed to a strong market presence, supported by robust distribution networks (both indirect and direct), and a diversified product portfolio of diagnostic solutions. Moreover, these companies are focusing on introducing new products, entering untapped markets, and prioritizing the development of technologically advanced products to maintain their competitive edge. Other players operating in the market include EssilorLuxottica, CANON MEDICAL SYSTEMS CORPORATION (Canon Inc.), Bausch + Lomb, and other small & medium-sized players. These players are concentrating on partnerships, collaborations, and other strategies to expand their market reach.
To gain extensive insights into the market, Download for Customization
|
ATTRIBUTE |
DETAILS |
|
Study Period |
2019-2032 |
|
Base Year |
2024 |
|
Estimated Year |
2025 |
|
Forecast Period |
2025-2032 |
|
Historical Period |
2019-2023 |
|
Growth Rate |
CAGR of 5.6% from 2025-2032 |
|
Unit |
Value (USD Million) |
|
Segmentation |
By Product Type
|
|
By Portability
|
|
|
By Indication
|
|
|
By End-user
|
|
|
By Region
|
Fortune Business Insights says that the global market value stood at USD 69.7 million in 2024 and is projected to reach USD 107.1 million by 2032.
In 2024, the market value stood at USD 24.4 million.
The market is expected to exhibit a CAGR of 5.6% during the forecast period (2025-2032).
By end-user, the hospitals segment led the market.
The key factors driving the market are the increasing prevalence of ophthalmic conditions and technological advancements in diagnostic systems.
Carl Zeiss Meditech AG, Topcon Corporation, and NIDEK CO., LTD. are the top players in the market.
North America held the largest market share in 2024.
Related Reports
Get In Touch With Us
US +1 833 909 2966 ( Toll Free )