Introduction

Auto lensmeter, a type of lensmeter, is an ophthalmic instrument that is used by optometrists and opticians to verify the power of contact lenses and confirm the correct mounting of lenses among others. The market for auto lensmeter has witnessed significant growth due to rising demand from various applications such as hospitals, eyeglass manufacturers and retail opticians. The major factor driving the growth of market include increase in demand of instruments that offer automatic measurement and large data storage, as well as automatic detection of progressive lenses across end use industries, globally.

Market Dynamics

The increase in demand for quick, easy to use, and ability to provide repeatable measurements has led to the growth of auto lensmeter market, globally. Increased use of auto lensmeter in biomedical and consumer sectors is expected to change the dynamics of market in near future. However, opportunities across Asian market and increased focus on the use of fast and accurate lenses with reduced operating error are major opportunity areas for the market. The major challenges can be attributed to the dependency of lensmeter on operators for reading and analysis and variation in government regulations across countries.

Market Classification and Overview

The auto lensmeter market is bifurcated on the basis of type, application, end use industry, and geography. The different types of auto lensmeter include semi-automatic lensmeter and fully-automatic lensmeter. Semi-automatic lensmeter is the largest and most mature market segment as it caters to almost every type of application. Fully-automatic lensmeter is the fastest growing market owing to its high level of flexibility, versatility, automatic prism reading factor and minimal error based results. Based on application, the market is segmented into hospitals, eyeglass manufacturers and retail opticians among others. Retail optician is the fastest growing application segment owing to the increase in demand of highly efficient optical lenses in the consumer industry. Based on end use industry, the market is further segmented into healthcare, biomedical, consumer and others. Biomedical accounts for majority of global consumption of auto lensmeter market and led the global auto lensmeter market followed by healthcare and consumer segments. Consumer segment is the fastest growing market owing to the rising standard of living and demand for fully-automatic lensmeter in the retail opticians application market.

Regional Overview

The market for auto lensmeter is divided into geographies such as Europe, North America, Asia-Pacific, Middle-East and Africa (MEA), and Latin America. Asia-Pacific was the key market for auto lensmeters in 2015. North America held second highest share followed by Europe. The market for auto lensmeter in Asia-Pacific is further anticipated to experience highest growth in near future owing to rapid industrialization and developments in optical industry in the region. The North America market for auto lensmeter is likely to grow at a noteworthy CAGR due to the demand for efficient lens with minimal error and high objective measurements, and mature market of the U.S. The market will also experience increased demand from commercial sector.

Report Coverage

Market	Auto Lensmeter Market
Analysis Period	2015 – 2026
Historic Data	2015 – 2016
Base Year	2017
Forecast Data	2018 – 2026
Market Stratification	Type, Application, End-Use Industry, Geography
Regional Scope	North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)
Report Coverage	Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis, Player Profiling, Value Chain Analysis

Market Participants

Ningbo FLO Optical Co., Ltd, Essilor, Rexxam Co., Ltd., Huvitz Co Ltd, Righton, Topcon, Luneau Technology Group, Carl Zeiss, Nidek Co., Ltd., Xinyuan High-Tech Center, Takagi, Reichert, and Shanghai JingLian Group are the key players in the auto lensmeter market. These players involved have adopted the strategies including mergers and acquisitions with local as well as established players.

Market Segmentation

Market By Type

·         Semi-automatic

·         Fully-automatic

Market By Application

·         Hospitals

·         Eyeglass Manufacturers

·         Retail Opticians

·         Others

Market By End-Use Industry

·         Healthcare

·         Consumer

·         Biomedical

·         Others

Market By Geography

·         North America

o   US

o   Canada

o   Mexico

·         Europe

o   UK

o   Germany

o   France

o   Rest of Europe

·         Asia-Pacific

o   China

o   Japan

o   India

o   Australia

o   Rest of Asia-Pacific

·         Latin America

o   Brazil

o   Rest of Latin America

·         Middle East and Africa (MEA)

o   South Africa

o   Saudi Arabia

o   Rest of MEA

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