Published Date: 14-May-2020
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According to a new report Global Corneal Topographers Market, published by KBV research, The Global Corneal Topographers Market size is expected to reach $843.2 Million by 2026, rising at a market growth of 6.5% CAGR during the forecast period. Major factors driving the demand for corneal topographers include the growing prevalence and incidence of age-associated ophthalmic conditions along with the rising number of government programs to raise awareness for early diagnosis, prevention, and treatment of these conditions.
With the sudden break of Covid-19 in late months of year 2019, the markets worldwide are unfortunately experiencing its grip. The suppliers and consumers of the products & Services are affected in a big way across the sectors resulting in declining revenues in last quarters of year 2019. The declining trend in market sizes is expected to not only sustain but will also amplify itself in year 2020 hugely disturbing the economies worldwide.
The Hospitals market dominated the Global Corneal Topographers Market by End-use in 2019. The segment of the ambulatory surgical centers (ASC) is projected to be the fastest growing segment on the corneal topographers market during the forecast period. This can be attributed to increased surgical procedures conducted in ASCs compared to hospital settings due to low-cost treatment, easier access and accessibility for the elderly and the disabled population is projected to accelerate the growth rate of ASCs over the forecast period.
Refractive surgery evaluation accounted for the leading corneal topographers market share in 2019. The superiority is attributed mainly to causes such as greater prevalence in patients afflicted with refractive defects such as myopia (near-sightedness), hyperopia (farsightedness), astigmatism (distorted vision at all distances), and presbyopia.
In addition, during the forecast period the segment of corneal disorder diagnosis is projected to rise at a lucrative pace on the corneal topographers market. The segment's high growth rate is primarily due to the use of corneal topographers to diagnose and treat keratoconus, Fuchs' endothelial dystrophy, and bullous keratopathy.
Due to factors such as favorable reimbursement, and government and non-profit initiatives to boost research and innovation, North America led the market for corneal topographers in 2019. In Asia Pacific the corneal topographers market is expected to expand over the forecast period at a lucrative pace in the corneal topographers market. The region's high growth rate is largely due to factors such as the increase in the migration of international patients into Asian countries providing inexpensive care, increasing market penetration in developed countries, and government policies promoting ophthalmic care. Additionally, The Europe market is experiencing a CAGR of 6.1% during (2020 - 2026).
Structural Insights: https://www.kbvresearch.com/corneal-topographers-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Topcon Corporation, Carl Zeiss AG, Nikon Corporation (Optos PLC), Nidek Co., Ltd., Eyenuk, Inc., Oculus Optikgerate GmbH, Aeon Imaging, LLC, OcuSciences, Inc., Tracey Technologies Corporation, Cassini Technologies B.V.
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