Keratometers Market Size (2024 - 2029)

Keratometers Market Analysis

The Keratometers Market size is estimated at USD 308.84 million in 2024, and is expected to reach USD 404.42 million by 2029, growing at a CAGR of 5.54% during the forecast period (2024-2029).

The COVID-19 pandemic disrupted the treatment and diagnostic activities of diseases other than COVID-19. It impacted the treatment procedures and supply chain of pharmaceuticals and medical devices worldwide, adversely impacting the studied market. For instance, according to the Carl Zeiss annual report 2022, the revenue in the ophthalmic devices strategic business unit (SBU), including keratometers, decreased by -7.3% during the pandemic. However, the revenue from the ophthalmic devices strategic business unit increased by 17% in FY2022. It shows the declined sales revenue of ophthalmic devices like keratometers during the pandemic, which recovered due to a resumed supply chain and diagnostic activities in the healthcare facilities.

The factors driving the market include the increasing burden of eye disorders and growing investments, funds, and grants. The high burden of eye disorders increases the demand for keratometers, which is expected to grow significantly. For instance, as per the report published by InSight Vision Center in December 2021, 23% of infants aged 6 to 12 months would include common astigmatism. Similarly, according to the October 2022 report of the WHO, about 2.2 billion people around the world suffer from near or distant vision impairment, of which approximately 1 billion cases of vision impairment can be prevented. It shows the high burden of the cases of vision impairment. It is expected to include a high demand for the diagnosis using keratometers and likely boost the market over the study period.

Furthermore, the new strategies and initiatives by the market players are expected to significantly impact the market. For instance, in May 2021, ZEISS expanded its national coverage in the United States for its Industrial Quality & Research segment by acquiring Capture 3D. With this acquisition, customers benefitted from a seamless, integrated experience to get the best measuring solutions, and it is expected to propel the market over the stud period.

However, the need for primary infrastructure for eye-related diseases in underdeveloped and developing countries hampers overall market growth.

Keratometers Industry Segmentation

As per the scope, a keratometer (also called an ophthalmometer) is a device used to measure the curvature of the cornea's frontal surface. The Keratometers Market is segmented by type (stationary type keratometers and portable type keratometers), end user (hospitals, eye clinics, and others), and geography (North America, Europe, Asia-Pacific, Middle East, and Africa, and South America). The report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value (USD) for the above segments.