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Optometry Equipment Market Growth Opportunities and Competitive Scenario 2028

Global Optometry Equipment Market reached USD 51.2 billion in 2019, to expand at a CAGR of 3.2% over the forecast period.     

The increasing in the prevalence of eye diseases and technological advancements in Optometry equipment, increasing government initiatives to promote awareness about eye health are the major factors driving the growth of the optometry equipment market. A number of risk factors such as age-related macular degeneration, cataract, and glaucoma, are common causes of the patients suffering from eye related issues. Hence, as a result of these eye diseases, there is an increase in the adoption of the optometry equipment for treating eye disorders and thereby helping in the growth of the market.

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Across the globe the number of people suffering with major eye diseases is increasing and loss of vision is another major public health concern among the aging population. Prevalence of chronic disorders such as diabetes and hypertension have also contributed in increasing cases of eye diseases such as ocular hypertension (glaucoma) and diabetic retinopathy. According to the Royal National Institute of Blind People (RNIB), in 2013, nearly 2 million people in the UK were living with sight loss, which will increase to nearly 4.1 million by 2050. The growing prevalence of eye diseases and the related increase in disability-adjusted life years (DALYs), the demand for the accurate treatment of diseases is expected to increase, which will spur the growth of the ophthalmology devices market.

The report offers overview of the current scenario along with a detailed outlook of the global Optometry Equipment market with thorough analysis of different segments which comprises of By Type (Retina, Cornea and General), End User (Eye Clinics, Hospitals and others).

Major Companies profiled in the report which are key players in the global Optometry Equipment market are Alcon, Bausch + Lomb, Carl Zeiss Meditec, Essilor, Haag-Streit, HOYA, Johnson & Johnson Vision Care , TOPCON, NIDEK, STAAR Surgical and Ziemer Ophthalmic Systems.

Recent trends involving global players of the market engaging in strategic collaborations and the growing support of government and healthcare agencies are expected to have a synergistic effect on market growth. Such partnerships lead to development and boost the market competition.

  • In August 2017, a major company, HOYA Corporation acquired Performance Optics, LLC, and its subsidiaries VISION EASE and Daemyung Optical.
  • In April 2017, Nidek introduced an advanced vision excimer laser system – NAVEX Quest M2.

Regional Analysis

North America held the largest share of the worldwide optometry equipment market in 2018. This growth is due to due to presence of a well-developed healthcare setting for ophthalmic treatments. Moreover, presence of favorable reimbursement network and government funding are some other factors contributing to the growth of the regional market.

In Asia-Pacific, the market is expected to witness a significant growth due to growing investments by governments and other private organizations for tackling high unmet needs in the healthcare sector in the region is likely to spur the growth of the market.

An Overview of the report

  1. The report offers insights on the global sales and revenue of the Optometry Equipment market
  2. The recent market developments are scrutinized to project latest trends along with growth rate projections
  3. Deeper understanding of the competitive landscape of the major companies operating in the market
  4. New Opportunities and challenges for the global Optometry Equipment market
  5. Study of innovation and technological advancements in the industry

Analysts have thoroughly examined the market with exhaustive research based on profound understanding of the market with extensive analysis. The global market has been categorized into several segments along with regional analysis to offer insights on present and prospective growth trajectories.

Market Segmentation:

By Type:

  • Retina
  • Cornea
  • General

By End User:

  • Eye Clinics
  • Hospitals
  • Other

By Region:

  • North America

◦ By Country (US, Canada, Mexico)

◦ By Type

◦ By End User

  • Western Europe

◦ By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)

◦ By Type

◦ By End User

  • Eastern Europe

◦ By Country (Russia, Turkey, Rest of Eastern Europe)

◦ By Type

◦ By End User

  • Asia Pacific

◦ By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)

◦ By Type

◦ By End User

  • Middle East

◦ By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)

◦ By Type

◦ By End User

  • Rest of the World

◦ By Region (South America, Africa)

◦ By Type

◦ By End User

Reasons to Buy This Report:

  • Market size estimation of the optometry equipment market on a regional and global basis
  • Unique research Usage for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

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