Retinoscopes Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025
- Transparency Market Research
- Medical Equipments
Retinoscopes are instruments used by optometrists to examine patients for refractive errors. The principle of retinoscopes is based on objective refraction technique, where the instrument is used by the optometrist to illuminate the cornea and measure the rays reflected by the inner eye. The instrument measures the objective refraction of light rays reflected back and the measure of deviation or refraction enables the optometrist to determine presence of any sort of refractive error. The optometrist has to perform various tests with different lenses used in retinoscopes to get an accurate result of the refraction in a patient’s eyes. Retinoscopy has been followed by optometrists and other eye health practitioners for years, and has been one of the most efficient and effective methods of determining refractive errors.
The global retinoscopes market has been segmented based on product type, end-user, and region. In terms of product type, the market has been segmented into hand held retinoscopes and table top retinoscopes. The hand held retinoscopes segment dominated the global retinoscopes market in 2016, owing to factors such as ease of handling, growing demand among optometrists and ophthalmologists, and major players along with domestic players offering new products in this segment. Based on end-user, the market has been categorized into hospitals, optometry clinics, optical centers, and others. The optometry clinics segment is expected to dominate the global retinoscopes market during the forecast period, owing to rising number of independent optometrists and increasing patient preference for clinics for eye examinations.
Rising incidence of refractive errors such as hyperopia, myopia, presbyopia, and astigmatism, increasing geriatric population, and onset of online and retail stores offering vision correction instruments for patients suffering from refractive errors are factors expected to drive the global retinoscopes market during the forecast period. According to the International Agency for the Prevention of Blindness (IAPB), an estimated 130 million people in the world were suffering from refractive errors in 2012, which led to an economic cost in lost productivity of US$ 250 Bn. Prevalence of refractive errors such as myopia, hyperopia, presbyopia, and astigmatism is increasing at a rapid pace which in turn is expected to propel the market from 2017 to 2025.
In terms of region, the global retinoscopes market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global retinoscopes market in 2016, owing to large population base suffering from myopia, presbyopia, and astigmatism, along with rising demand for hand held retinoscopes among optometrists. According to Prevent Blindness America, prevalence of myopia in the U.S. was estimated to be around 23.9% in 2015, with 34 million people suffering from myopia. The American Association of Ophthalmology (AAO) estimated that out of the total estimated population requiring vision correction in 2014, only 45% received an eye exam. By 2020, the number of patients requiring vision correction is expected to reach 196 million in the U.S. alone. Large undiagnosed population in the U.S., suffering from refractive errors, is expected to propel the growth of the retinoscopes market in North America during 2017-2025. Asia Pacific is expected to register highest CAGR owing to factors such as alarming increase in patient population suffering from refractive errors including myopia especially in countries such as China, Singapore, and other south-east Asian countries, along with developing health care infrastructure in the region.
Major players in the global retinoscopes market include Welch Allyn (Hill Rom Holdings, Inc.), Zumax Medical Co., Ltd., Keeler Ltd., and HEINE Optotechnik GmbH & Co. KG.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
Have query on this report?Make an Enquiry
The team was the biggest help to us. Not only were we provided with customized solutions but also we were guided through the most complicated situations. The information was on-point yet comprehensive. The experience was absolutely satisfying and helped us turn many challenges into opportunities.
Ours is a startup with a unique set of challenges and we were therefore hesitant but the team totally put us at ease with their knowledge and expertise. Our business and its challenges were understood perfectly and help was extended accordingly. The tailor made approach really helped us gain the most informative insights.
The report repository is absolutely impressive –updated and exhaustive in terms of markets covered and information provides. Besides, with the support extended to us by the team, we could reduce costs as well as move to sustainable growth. This really helped us tap into new opportunities. Happy to have gone ahead with ResearchMos.us.
We have had a long term engagement with ResearchMoz.us and never have we felt that the work done and help extended were below flawless. The report repository is one of the best one can hope to tap into. Recently, our partner businesses opted for consultancy services and they are all thrilled with the outcome.
Insights from reports helped us improve our profit margins significantly. Most of the knowledge we needed on the market were provided to us on a granular basis. From trends, and drivers to competitive analysis, the information was not just crisp but also insightful. That helped us chart a robust growth strategy and as of now we are happy to state that we are reaping big benefits.
More from Medical Equipments
Medical DevicesNebulizers-Medical Devices Pipeline Product Landscape, 2021