Convergence of Corneal Topographers and Laser Technology to Unlock New Growth Prospects
The technology-intensive corneal topographers market is tracing a steady growth trajectory, despite unfavorable growth conditions brought in by the cost-prohibitive nature of these systems and the shortage of ophthalmologists. As found by several researches, there has been a staggering rise in ophthalmic incidences and ocular conditions. The National Eye Institute has found that, 36 Mn people in the U.S. were detected with ocular diseases in 2016. The rapid rise in the number of patients opting for vision correction procedures is likely to exert a profound influence on the vertical movement of the market.
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Yet another cause of poor vision can be associated with the growing diabetic populace, since they are highly susceptible to developing cataract. With masses leading unhealthy and demanding lifestyles, regular consumption of packaged food and beverages is found to be the leading cause of diabetes. Growth in the patient base has attracted market players to leverage technology to develop topography-guided personalized laser treatment systems, with increased efficiency.
Computer-assisted Corneal Topographers to Offset Edges of Conventional Systems
Keratometers have long been used as the standard instruments for assessing corneal curvature; however, the advent of computer-assisted photokeratoscopy in ophthalmology practice is improving the performance of corneal topography. With the increasing penetration of corneal topographers, it is uncommon for ophthalmologists to use keratometers, as the former can capture data from the entire cornea and offer valuable information to assist the diagnosis of corneal problems.
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The future scope of computer-assisted corneal topographers extends towards the designing of custom-fitted contact lenses to ensure better convenience for patients, which is shown by a report presented by The study shows that, corneal topographers are significantly used for contact lens fitting applications, while their use for the evaluation of cataract is growing at an exponential rate.
Asia Pacific to be a Lucrative Corneal Topographers Market
Regulatory norms for the development and approval of medical devices differ from country to country. However, the base of approval for any medical device is dependent on efficiency and safety. With innovation moving beyond its current range and making rapid penetration in the form of novel corneal topographers, the scrutiny of these systems has been stricter in developed countries as compared to developing countries. At the same time, the technological revolution in developing countries underpinned by increasing government initiatives in the healthcare sector is likely to complement the corneal topographers markets in these regions.
The corneal topographers market has been growing at an exponential pace in China and India, as the focus of the governments of these nations has been shifting towards quality care. In China, the supervision and administration of medical devices is governed by the China State Food and Drug Administration (SFDA). The regulatory scenario in the country is of a lenient nature, and non-contact viewing devices used for ophthalmic procedures are categorized as class-1. These devices are deemed low-risk devices, and they need only general control, thereby offering ease of use to ophthalmologists.
Analysts’ Opinion on Market Growth
Authors of the report opine that, 2020 will be a crucial year for the corneal topographers market, as the sales of these systems will cross the US$ 1 Bn mark, and reach a value of ~US$ 1.4 Bn by 2027. Market players will continue to invest in research & development activities by leveraging technology, and establish their products as new gold standards in the corneal topographers landscape. For instance, in 2017, Carl Zeiss Meditec AG invested ~12% of its 2016-17 revenue for the development of technologically-advanced medical devices. Besides this, market players are also looking to make strategic acquisitions to move towards a consolidated market position.
Corneal Topographers Market: Overview
Rapid developments in the field of ophthalmology have ensured the introduction of efficient methodologies for diagnosis and treatment to improve patient outcomes.
The global corneal topographers market is witnessing strong growth due to rise in the demand for novel technological diagnostic platforms and effective treatment options.
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Ophthalmology is a vital segment of healthcare, and has experienced significant development in terms of scope as well as acceptance by patients, owing to rapid technological developments.
Rapid growth of the medical devices industry is considered to be a major driver of the corneal topographers market.
The global corneal topographers market was valued at ~US$ 920 Mn in 2018, and is projected to reach ~US$ 1.4 Bn by 2027. The global corneal topographers market is expected to expand at a CAGR of ~5% from 2019 to 2027.
North America, Europe, and Asia Pacific were the major markets for corneal topographers in 2018. The corneal topographers markets in North America and Asia Pacific are projected to expand at CAGRs of ~5% and ~6%, respectively, during the forecast period.
High Demand for Corneal Topographers and OCT Devices
Corneal topographer systems and OCT devices have been identified as essential in ophthalmology, as normal methods of clinical evaluation modalities such as slit lamp or indirect ophthalmoscopy are used for imaging or testing the anterior segment of the retina.
According to WHO, cataract is responsible for more than 50% cases of blindness across the globe. The prevalence of cataract and age-related macular degeneration (AMD) is expected to rise during the forecast period due to increase the number of elderly people. However, the high prices of these systems and high development cost owing to stringent government regulations are hampering the growth of the global corneal topographers market.
Awareness Programs on Ocular Diseases and Training Programs on New Ophthalmic Diagnostic Devices
Initiating research and training camps at universities and ophthalmology research organizations to increase awareness about cataract and glaucoma can improve the adoption of new ophthalmic diagnostic devices.
In November 2018, The Haag-Streit Academy hosted a successful slit lamp imaging course at the Radisson Blu Hotel in Leeds. The practical workshop provided delegates the opportunity to gain experience with HS-UK’s state-of-the-art imaging devices, including a specialist workshop on advanced photography, which focused on Haag-Streit’s BX 900 Slit Lamp.
Increase in Incidence of Cataract and Glaucoma in Asia Pacific
According to the Journal of Scientific Report, the prevalence of congenital cataract (one of the primary causes of preventable childhood blindness) in Asia Pacific ranges from 1 to 15 per 10,000 children. This condition is treated through implantation and surgeries. High prevalence of this condition is expected to increase the demand for ophthalmic diagnostic devices used in primary care or treatment processes.
According to the American Academy of Ophthalmology, the number of individuals suffering from glaucoma is likely to rise from 64 million in 2014 to 76 million in 2020 and 111 million in 2040, with Asia and Africa being affected more than the rest of the world.
Corneal Topographers Market: Key Strategies
Increase in Trade and Export Facilities of Medical Devices in Latin America
According to ProMéxico, Latin America is the top exporter of medical devices, which offers 20% savings in manufacturing costs for medical instruments. Mexico is the fifth-largest exporter of medical instruments in the world, and an important supplier to the U.S.
Mexico, Brazil, Argentina, and Colombia account for more than 80% of the export and sales of capital equipment in Latin America, owing to an increase in friendly regulation policies with the approval of devices to be exported to other countries.
Awareness Programs on Pre-surgery Checkup Demonstration among Patients
The International Diabetes Federation (IDF) has a presence in 20 countries and territories in Latin America. In 2017, 44 diabetes organizations in 19 countries in Latin America organized eye disease programs.
The Dilated Eye Exams Program recommends eye checkups every one to two years for individuals who are at higher risk of glaucoma, including African Americans aged 40 years and above, people of Hispanic origin aged above 60 years, and patients with a family history of glaucoma.
Corneal Topographers Market: Competition
Competitive rivalry in the global corneal topographers market is considered to be moderate to high. The global corneal topographers market is highly fragmented, with the presence of a large number of regional corneal topographer players. There is high competition among corneal topographer market players due to competitive pricing for the sales and marketing of products.
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Strong competition in the global corneal topographers market is prompting companies to expand in regions with high growth potential, while maintaining their current share in the global corneal topographers market. In such a market scenario of the global corneal topographers market, Carl Zeiss Meditec AG focuses on its core business to stay ahead of its competitors. The company strives to expand its business in countries in Latin America, Africa, and the Middle East.
Carl Zeiss Meditec AG offers a comprehensive portfolio of products and services for patients suffering from different ocular diseases. The company’s latest products include
- Humphrey Visual Field Analyzer
- AngioPlex OCT Angiography
- Primus 200
- Retina Workplace
- OPMI LUMERA 300.
Key Questions Answered in TMR’s Corneal Topographers Market Study
- What is the scope of growth of corneal topographer companies in the surgical treatment sector?
- What will be the Y-o-Y growth of the corneal topographers market between 2019 and 2027?
- What is the influence of the changing trends in technologies on the corneal topographers market?
- Will North America continue to be the most profitable regional market for corneal topographer providers?
- Which factors will impede the growth of the global corneal topographers market during the forecast period?
- Which are the leading companies in the global corneal topographers market?
Segmentation of Global Corneal Topographers Market
- Optical Coherence Tomography (OCT)
- Ray Tracing
- LED Triangulation
- Corneal Ectatic Disorder Diagnosis
- Cataract Surgery Evaluation
- Contact Lens Fitting
- Post-penetrating Keratoplasty
- Evaluation of Post-refractive Surgery
- Ophthalmology Clinics
- Ambulatory Surgical Centers
- North America
- Rest of Europe
- Asia Pacific
- Australia & New Zealand
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
TABLE OF CONTENT
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
2. Assumptions and Research Methodology
2.1. Assumptions and Acronyms Used
2.2. Research Methodology
3. Executive Summary
3.1. Global Corneal Topographers Market Size (US$ Mn) and Distribution, by Region, 2018 and 2027
3.2. Global Corneal Topographers Market: Market Snapshot
4. Market Overview
4.1. Global Corneal Topographers Market: Product Overview
4.2. Global Corneal Topographers Market: Key Industry Developments
4.3. Market Dynamics
4.4. Drivers and Restraints Snapshot Analysis
4.5.1. Increase in incidence of ophthalmic and ocular conditions
4.5.2. Aging population and rise in number of vision correction procedures
4.6.1. High cost of advanced corneal topographer systems
4.6.2. Shortage of ophthalmologists
4.8. Global Corneal Topographers Market Revenue Projections (US$ Mn), 2017–2027
5. Key Insights
5.1. Global Corneal Topographers Market – Regulatory Scenario
5.2. Pathophysiology of Keratoconus
5.3. Keratoconus Disease Prevalence & Incidence Rate in Key Countries
5.4. Technological Advancements In Corneal Topography
5.5. History of Corneal Topography Devices
5.6. Corneal Topographers Market Trends
5.7. Corneal Topographers and OCT System Unit Sales, 2018
6. Global Corneal Topographers Market Analysis, by Product
6.2. Global Corneal Topographers Market Size and Forecast, by Product
6.2.1. Optical Coherence Tomography (OCT)
6.2.4. Ray Tracing
6.2.5. LED Triangulation
6.3. Global Corneal Topographers Market Analysis, by Product
6.4. Global Corneal Topographers Market Attractiveness Analysis, by Product
7. Global Corneal Topographers Market Analysis, by Application
7.2. Global Corneal Topographers Market Size and Forecast, by Application
7.2.1. Corneal Ectatic Disorder Diagnosis
7.2.2. Cataract Surgery Evaluation
7.2.3. Contact Lens Fitting
7.2.4. Post-penetrating Keratoplasty
7.2.5. Evaluation of Post-refractive Surgery
7.3. Global Corneal Topographers Market Analysis, by Application
7.4. Global Corneal Topographers Market Attractiveness Analysis, by Application
8. Global Corneal Topographers Market Analysis, by End User
8.2. Global Corneal Topographers Market Size and Forecast, by End User
8.2.2. Ophthalmology Clinics
8.2.3. Ambulatory Surgical Centers
8.3. Global Corneal Topographers Market Analysis, by End User
8.4. Global Corneal Topographers Market Attractiveness Analysis, by End User
9. Global Corneal Topographers Market Analysis, by Region
9.1. Global Corneal Topographers Market Size and Forecast, by Region, 2017–2027
9.1.1. North America
9.1.3. Asia Pacific
9.1.4. Latin America
9.1.5. Middle East & Africa
9.2. Global Corneal Topographers Market Analysis, by Region
9.3. Global Corneal Topographers Market Attractiveness Analysis, by Region
10. North America Corneal Topographers Market Analysis
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