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NEW YORK , Dec. 15, 2021 /PRNewswire/ -- The market is driven by factors such as the rise in prevalence of cataracts among the geriatric population, increased efficiency of optical biometry over ultrasound A-scans, and favorable reimbursement conditions. The geriatric population is prone to chronic diseases and ailments, as well as various age-related diseases such as cataracts. Cataract surgery provides long-term and significant improvements in the quality of life of patients. The number of cataract surgeries is rising among people in the age group of 50-90 years. Therefore, the increase in the prevalence of cataracts is expected to drive the growth of the global optical biometry devices market.
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The optical biometry devices market size is expected to increase by USD 102.76 mn from 2020 to 2025. The growth momentum of the market is expected to accelerate at a CAGR of 6.70%.
Factors such as the dearth of skilled professionals may challenge the market growth. Technological advances in optical biometry have lowered the errors made by operators. A well-trained technician can prevent measurement errors and correct any changes that might have occurred during data capturing. There is a significant shortage in the number of ophthalmologists in low-resource countries. However, the number is increasing in high-resource countries. Hence, to reduce the gap between need and supply, eye care teams need significant training to carry out the required number of cataract surgeries and other eye surgeries. Also, the lack of skilled professionals will act as a challenge for the growth of the optical biometry devices market.
The optical biometry devices market report includes information on the product launches, sustainability, and prospects of leading vendors, including AMETEK Inc., Carl Zeiss AG, HILL ROM HOLDINGS INC., Metall Zug AG, NIDEK Co. Ltd., OCULUS Optikgerate GmbH, Optovue Inc., Santec Corp., Tianjin Sower Electronic Technology Co. Ltd., and Topcon Corp.
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The competitive scenario provided in the optical biometry devices market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc.
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Optical Biometry Devices Market Scope
Accelerate at a CAGR of 6.70%
North America, Europe, Asia, and ROW
US, China, Germany, Canada, and UK
Leading companies, competitive strategies, consumer engagement scope
AMETEK Inc., Carl Zeiss AG, HILL ROM HOLDINGS INC., Metall Zug AG, NIDEK Co. Ltd., OCULUS Optikgerate GmbH, Optovue Inc., Santec Corp., Tianjin Sower Electronic Technology Co. Ltd., and Topcon Corp.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period
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