Lensmeter: Introduction

Lensmeter is an ophthalmic instrument used by eye-care professionals to verify the correct prescription for a pair of eyeglass lenses. Further, they are also used to measure and mark uncut lenses and ensure that lenses are properly fitted in spectacle frames. It is also used at the time of eyewear making to measure the power of spectacle lens.

Global Lensmeters Market: Competition Landscape

In September 2017, NIDEK CO., LTD launched a new product under their ophthalmic segment named LM-7P and LM-7 Auto Lensmeter. The both devices offer simplified and improved operation to increase utility of the instrument while maintaining their high quality and functionality.

Aston EyeTech launched a new eye diagnostic instrument named Eyoto at the Vision Expo East in February 2018. The new product is assembled with a broad range of lens inspection tools and power mapping lensmeters.

Marco

Marco was founded in 1967 and is based in Jacksonville, Florida, the U.S. The company operates through two reportable business segments: vision diagnostic equipment and examination lane equipment. The company offers automated and manual lensmeters, including LM-7 Automated Lensmeter, LM-1800 Auto Lensmeter, and LM-101 Manual Lensmeter.

NIDEK CO., LTD.

NIDEK CO., LTD. is a Japan-based company designing, manufacturing, and marketing optometric and ophthalmic products. The company was founded in 1971 and is headquartered in Gamagori, Japan. NIDEK CO., LTD. operates through three business segments: ophthalmology & optometry, lens edging, and coating.

Essilor Instruments USA

Essilor Instruments USA was formed in 1996 and is located in Dallas, Texas, the U.S. The company’s products are distributed in more than 100 countries. Essilor Instruments USA offers vision screening products across several industries under their stereo optical business segment.

Coburn Technologies, Inc.

Coburn Technologies, Inc. was founded in 2010 and is a global leader in computer assimilated ophthalmic instruments and ophthalmic lens processing systems. The company is headquartered in South Windsor, Connecticut, the U.S. The company offers HLM-1, HLM-9000, HLM 7000, and OZMA CLM-9000 under its lensmeters segment.

UNITECH VISION

UNITECH VISION is a privately held India-based company, and is one of the trusted providers of optical and ophthalmic products. The company was founded in 1962 and is headquartered in Delhi, India. The company’s portfolio includes a wide range of auto lensmeters for multiple markets.

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Global Lensmeters Market: Dynamics

Rise in Eye Disorders to Drive Global Lensmeters Market

One of the major factors driving the global lensmeters market is the increase in eye disorder across the globe. This is resulting in rise in the sales of lensmeters, as these instruments are integrated with eye-diagnose devices.

  • According to the World Health Organization (WHO), by 2020, the rate of glaucoma-related blindness in Europe will rise to 13.9%, exceeding the worldwide rate of 8.43%
  • According to the National Center for Biotechnology Information, 20.5 million (17.2%) Americans older than 40 years of age have cataract in either eye, and 6.1 million (5.1%) have pseudophakia/aphakia

The above statistics show the increase in ratio of several eye diseases among different age groups of people. This will boost the demand for lensmeters and fuel the growth of the global market.

Inability of Lensmeters to Provide Lenses Details to Hamper Market

The lensmeters are not able to provide details of spectacle lenses, such as segment style, lens form, edge or center thickness, etc. These details are necessary to check as it could cause problems to patients. However, in response to the growing demand for lensmeters, companies are focusing on research and development activities and innovations to overcome these hurdles.

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Global Lensmeters Market: Segmentation

In terms of product type, the global lensmeters market can be segmented into:

  • Manual Lensmeter
  • Automated Lensmeter

Based on application, the global lensmeters market can be divided into:

  • Retail Optician
  • Hospitals
  • Eyeglass Manufacturers

On the basis of end-use industry, the global lensmeters market can be categorized into:

  • Consumer
  • Healthcare
  • Biomedical
  • Others

The report on the global lensmeters market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and regions.    

Regional analysis of global lensmeters market includes:

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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