Next Generation Optical Biometrics Devices Market is Expected to Grow at a CAGR of 5.4% to reach $461.3 Million by 2028

The increasing incidence of eye diseases such as cataracts and refractive errors, coupled with the growing number of eye care clinics and hospitals around the world, are factors that are increasing the adoption of next-generation optical biometric devices.

With advancements in technology, next-generation optical biometric devices have been developed to facilitate eye measurement prior to cataract and refractive surgeries.

Earlier measurement by ultrasonic technique was the gold standard. However, unlike newer generation optical biometrics devices, ultrasound devices require direct contact with the probe, which leads to many eye infections.

New generation optical biometric devices are automated and measure many parameters such as axial length, anterior chamber depth, lens thickness, retinal thickness, pupil size and many more.

Next-generation optical biometric devices are an accurate alternative for precise measurements and provide efficient results. In addition, new generation optical biometric devices avoid operator variation measurements.

Research indicates that the next-generation optical biometrics device market is expected to generate revenue of over US$450 million by the end of 2028.

The Next Generation Optical Biometrics Devices report forecasts the market revenue to grow at a CAGR of 5.1% through 2028.

According to the organization Prevent Blindness, approximately 25 million Americans with cataracts require medical care each year in the United States, which is driving demand for next-generation optical biometrics devices.

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A similar growing demand for next generation optical biometrics devices is noted in the UK with an increasing number of cataract surgeries.

Increased demand for next-generation optical biometrics devices is noted in developing markets alongside access to eye care facilities.

Next-generation optical biometrics devices are all-in-one devices used for lens and retinal refraction assessment.

Next Generation Optical Biometrics Devices Market: Overview and Analysis

The rapid increase in the number of probe infections due to the use of ultrasound devices is leading to postoperative errors which are fueling the demand for next-generation optical biometric devices instead of ultrasound biometric devices.

Manufacturers of next-generation optical biometrics devices are introducing automated devices that are more efficient at measuring eye segments.

Next-generation optical biometrics device market players are working on strengthening the software, which could provide detailed information about ocular segments.

The new introduced new generation optical biometric devices take into account the irregularities and astigmatisms of the anterior and posterior surfaces of the eye.

Next-generation optical biometric devices use a partially coherent wave that has approximately 9 times the resolution of a 10 MHz sound wave, for accurate axial length measurement.

The hospital end-user segment accounts for 41.8% of the global next-generation optical biometrics device market revenue.

Medical services and vision benefits offered under Medicare include cataract surgeries; which will increase the demand for next-generation optical biometric devices.

Rising geriatric population and rising incomes in Japan are expected to increase the demand for more advanced next-generation optical biometric devices. The Japanese market for next-generation optical biometrics devices is estimated to create an absolute dollar opportunity worth approximately US$1.21 million between 2017 and 2028.

The company has segmented the global market for next-generation optical biometric devices into product type and end-users.

In terms of revenue, the source segment swept by product type in the Next Generation Optical Biometrics Devices market report will account for a major share of revenue during the forecast period.

On the contrary, the segment of next-generation optical biometrics devices based on Partial Coherence Interferometry (PCI) in all markets will present limited investment opportunities till 2028 in the next-generation optical biometrics devices market .

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Next Generation Optical Biometrics Devices Market: Key PlayersThe Next Generation Optical Biometrics Devices Market report follows some of the key companies, such as Carl Zeiss AG, Nidek Co Ltd, Haag-Streit AG (Metall Zug AG), Ziemer Ophthalmic Systems, Optovue, Incorporated, Topcon Corporation, TOMEY GmbH, Movu Inc. (unit of Santec Corporation), Newway Technology and OCULUS Optikgeräte GmbH. The biggest player in the market for next-generation optical biometric devices is Carl Zeiss AG with its IOL masters and Lenstar from Haag-Streit AG.

Key segments of the Next Generation Optical Biometrics Devices industry surveyNext Generation Optical Biometrics Devices Market by Product Type

  • Swept Source Optical Coherence Tomography (OCT) Based Biometers
  • Biometers based on Partial Coherence Interferometry (PCI)
  • Biometers based on Optical Low Coherence Reflectometry (OLCR)

Next-Generation Optical Biometrics Devices Market by End User

  • Hospitals
  • Ophthalmology clinics and specialized eye care centers
  • Ambulatory surgery centers

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