Lensometer Market - Size, Share, Industry Trends, and Forecasts (2023 - 2030)

By Product Type :

The Product type segment is categorized into manual lensometer and automated lensometer. In 2022, the manual lensometer segment accounted for the highest market share in the overall lensometer market. Manual lensometers are the traditional lensometers requiring manual adjustment and measurement. They are typically less expensive compared to automated lensometers and they are commonly used in small optometry practices and clinics. Further, manual lensometers are designed to be used in laboratory or high-volume environments. Its adjustable position angle is easily operated, and the device is also able to measure contact lens power. Hence the high affordability, easy application, and high durability are the factors driving the segment growth.

However, the automated segment is expected to grow at the fastest CAGR in the market during the forecast period. The growth of the segment is attributed to the high efficiency, accuracy, and convenience in measuring eyeglasses prescriptions. Additionally, automated lensometers ensure precise prescriptions by avoiding human errors. Such factors will foster market growth over the forecast period.

By Lens Type :

The lens type segment is categorized into single-vision lens, multifocal lens, and others. In 2022, the single-vision lens segment accounted for the highest market share of 41.02% in the overall lensometer market. Single-vision lenses have a single focal point and are used to correct either nearsightedness (Myopia) or farsightedness (hyperopia) and have consistent prescription power throughout the entire lens. The increasing cases of myopia are driving segment growth globally. For instance, as per the International Myopia Institute, a report estimated that on average 30% of the population is suffering from myopia, and it is estimated to grow to almost 50% by 2025. Hence, the aforementioned factors are leading to an increased demand for lensometers in eye diseases such as myopia, hyperopia, and others, in turn, propelling the market growth in the following years.

However, the multifocal lens segment is expected to grow at the fastest CAGR in the market during the forecast period. The demand for multifocal lenses is growing due to their benefits such as correcting presbyopia and astigmatism.

By Application :

The Application segment is categorized into power, optical center location, measure reference point location, prism power/direction, cylindrical axis orientation, and others. In 2022, the power segment accounted for the highest market share in the overall Lensometer market and is also expected to grow at the fastest CAGR in the market during the forecast period. The new glasses should be measured with a lensometer to confirm that the prescription is correct. The lensometer helps orient appropriately and mark uncut lenses, verifying the power of single vision, bifocal, and trifocal lenses, and checking the right mounting of eye lenses in spectacle frames. Whereas the digital lensometer uses green LED light capture techniques and auto lens detection techniques for determining the accurate power.

By End-User :

The end user segment is categorized into hospitals, ophthalmic clinics, eyeglass manufacturers, and others. In 2022, the ophthalmic clinics segment accounted for the highest market share in the overall lensometer market. Lensometer is commonly used by optometrists in ophthalmic clinics. These practices use lensometers for accurate prescription measurement and to ensure the correct fitting of eyeglasses and contact lenses for their patients. This has led to the wide acceptance of lensometers in the ophthalmic diagnostic industry. Hence, the above-mentioned factors are driving the significant growth of the segment in the lensometer market.

However, the eyeglass manufacturer segment is expected to grow at the fastest CAGR in the market during the forecast period. The growth of the segment is attributed to the increasing awareness among people regarding the harmful effects of ultraviolet rays. Such factors will foster market growth over the forecast period.

By Region :

The regional segment includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

In 2022, North America accounted for the highest market share of 36.45% and was valued at USD 105.02 million and is expected to reach USD 134.52 million in 2030. Owing to the high prevalence of visual impairments and well-established healthcare infrastructure. In the North America region, the U.S. accounted for the highest market share of 66.50% during the base year 2022, owing to the rising geriatric population, rising demand for eyeglasses, increasing eye problems, and increasing eye surgeries in the region. According to a report by the Center for Disease Control and Prevention in December 2022, approximately 12 million people 40 years and in the U.S. are diagnosed with vision impairment. This high number of vision impairment patients are improving the demand for lensometer for the manufacturing of contact lenses and eyeglasses, which in turn, drives the lensometer market growth in the region.

Moreover, Asia Pacific is expected to grow at the fastest CAGR of 3.8% during the forecast period due to the high prevalence of ocular diseases across the region. For instance, according to the report by the National Institute of Health in September 2021, South Asia has the highest age-standardized prevalence of moderate to severe visual impairment at 17.5% and mild vision impairment at 12.2% globally.