Retinoscopes are instruments used by optometrists to examine patients for refractive errors. The principle of retinoscopes is based on objective refraction technique, where the instrument is used by the optometrist to illuminate the cornea and measure the rays reflected by the inner eye. The instrument measures the objective refraction of light rays reflected back and the measure of deviation or refraction enables the optometrist to determine presence of any sort of refractive error. The optometrist has to perform various tests with different lenses used in retinoscopes to get an accurate result of the refraction in a patient’s eyes. Retinoscopy has been followed by optometrists and other eye health practitioners for years, and has been one of the most efficient and effective methods of determining refractive errors.

The global retinoscopes market has been segmented based on product type, end-user, and region. In terms of product type, the market has been segmented into hand held retinoscopes and table top retinoscopes. The hand held retinoscopes segment dominated the global retinoscopes market in 2016, owing to factors such as ease of handling, growing demand among optometrists and ophthalmologists, and major players along with domestic players offering new products in this segment. Based on end-user, the market has been categorized into hospitals, optometry clinics, optical centers, and others. The optometry clinics segment is expected to dominate the global retinoscopes market during the forecast period, owing to rising number of independent optometrists and increasing patient preference for clinics for eye examinations.

Rising incidence of refractive errors such as hyperopia, myopia, presbyopia, and astigmatism, increasing geriatric population, and onset of online and retail stores offering vision correction instruments for patients suffering from refractive errors are factors expected to drive the global retinoscopes market during the forecast period. According to the International Agency for the Prevention of Blindness (IAPB), an estimated 130 million people in the world were suffering from refractive errors in 2012, which led to an economic cost in lost productivity of US$ 250 Bn. Prevalence of refractive errors such as myopia, hyperopia, presbyopia, and astigmatism is increasing at a rapid pace which in turn is expected to propel the market from 2017 to 2025.

In terms of region, the global retinoscopes market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global retinoscopes market in 2016, owing to large population base suffering from myopia, presbyopia, and astigmatism, along with rising demand for hand held retinoscopes among optometrists. According to Prevent Blindness America, prevalence of myopia in the U.S. was estimated to be around 23.9% in 2015, with 34 million people suffering from myopia. The American Association of Ophthalmology (AAO) estimated that out of the total estimated population requiring vision correction in 2014, only 45% received an eye exam. By 2020, the number of patients requiring vision correction is expected to reach 196 million in the U.S. alone. Large undiagnosed population in the U.S., suffering from refractive errors, is expected to propel the growth of the retinoscopes market in North America during 2017-2025. Asia Pacific is expected to register highest CAGR owing to factors such as alarming increase in patient population suffering from refractive errors including myopia especially in countries such as China, Singapore, and other south-east Asian countries, along with developing health care infrastructure in the region.

Major players in the global retinoscopes market include Welch Allyn (Hill Rom Holdings, Inc.), Zumax Medical Co., Ltd., Keeler Ltd., and HEINE Optotechnik GmbH & Co. KG.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players 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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Retinoscopes Market

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