The autorefractor and keratometer market comprises diagnostic devices used in eye care, including autorefractors for measuring refractive errors (like myopia and astigmatism) and keratometers for assessing corneal curvature. These instruments enhance eye exams by providing fast, objective, and accurate measurements, making them essential in settings such as hospitals, optometry clinics, and optical retail centers. Market growth is driven by rising rates of vision disorders, technological advances (like AI integration and portable models), and expanding access to eye care in emerging regions. North America leads the market due to advanced healthcare infrastructure and high adoption, while the Asia-Pacific region is emerging as the fastest-growing area. Despite their value, challenges such as high equipment costs and a shortage of trained staff in resource-limited areas continue to limit broader adoption.
According to Fortune Business Insights, the global autorefractor and keratometer market was valued at USD 69.7 million in 2024 and is projected to grow from USD 73.3 million in 2025 to USD 107.1 million by 2032, exhibiting a compound annual growth rate (CAGR) of 5.6% during the forecast period. In 2024, North America dominated the market with a 35% share.
In July 2024, EssilorLuxottica acquired an 80.0% stake in Heidelberg Engineering, a company specializing in diagnostic solutions, healthcare IT, and digital surgical technologies for clinical ophthalmology, signaling a strategic expansion in diagnostic and surgical-ready ophthalmic technologies.
Rising prevalence of ocular conditions such as hyperopia, astigmatism, myopia, and cataracts—fueled by aging populations, lifestyle changes, and increasing diabetes rates—is driving demand for early diagnosis and boosting market expansion.
Adoption in low- and middle-income countries is hindered by limited awareness of eye diagnostics and high cost barriers. High-end autorefractor models can cost upwards of USD 25,000, making them prohibitive for resource-constrained settings.