Optometry Equipment Market Report 2022: Rising Incidence of Ocular Disorders and Growing Technological Advancements in Ophthalmic Devices Drive Growth – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Optometry Equipment Market by Type (OCT, Ophthalmoscope, Autorefractor, Tonometer, Slit Lamps, Wavefront Analyzer), Application (General Examination, Cataract, Glaucoma, Macular Degeneration), End User ( clinics, hospitals) – Global Forecast to 2027″ report has been added to from ResearchAndMarkets.com offer.

The global optometric equipment market is expected to reach USD 5.4 billion by 2027, from USD 4.0 billion in 2022, growing at a CAGR of 6.4%. The market growth is driven by increasing technological advancements in optometry equipment and rising awareness for early diagnosis of diseases in developing countries.

Rising geriatric population, technological advancements in ophthalmic devices, increasing government initiatives as well as increasing healthcare expenditures are the contributing factors. For accurate diagnosis and treatment of these diseases, the adoption of diagnostic tests is required, which is driving the growth of the optometry equipment market

The retina and glaucoma examination products segment accounted for the largest share of the optometry equipment market, by type

According to Type, the global optometry equipment market is divided into retina and glaucoma examination products, general examination products, and cornea and cataract examination products. The increasing incidence of glaucoma and retinal disorders and eye health awareness are the main drivers of growth for retinal examination and glaucoma products. Thus, the market was dominated by retina and glaucoma examination products in 2021.

General examinations segment accounted for the largest market share, by application

According to Application, the optometry equipment market is segmented into general examinations, cataracts, glaucoma, age-related macular degeneration and other applications. In 2021, the general examination segment accounted for the largest share of the global optometry equipment market, by application. Most of this segment is due to the increase in eye health awareness, increase in geriatric population, and rise in prevalence of various eye disorders.

The clinic segment accounted for the largest market share, by end user

By end user, the optometry equipment market is divided into clinics, hospitals and other end users. In 2021, the clinic segment accounted for the largest share of the global optometry equipment market. A large share of the market can be attributed to the rising incidence of eye diseases in the elderly, good population of patients being treated at the clinics, and increasing number of private clinical practices in developing countries.

Asia Pacific Market is expected to grow at the highest CAGR over the forecast period

The global optometric equipment market is segmented into five regions: North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. The Asia-Pacific region is expected to witness the highest growth in the optometry equipment market over the forecast period. This can be attributed to factors such as the continued increase in healthcare expenditures, government efforts to increase eye exam awareness, a growing geriatric population. Moreover, favorable government regulations will further contribute to the growth of this market over the forecast period.

Market dynamics

Drivers

  • Increased incidence of eye disorders

  • Technological advances in ophthalmic devices

  • Growing government initiatives to control visual impairment

  • Increase in health expenditure

Constraints

  • High cost of optometry equipment

  • Growing adoption of refurbished optometry equipment

Opportunities

Challenges

  • Low awareness and limited accessibility to eye care in low-income economies

Main topics covered:

1. Introduction

2 Research methodology

3 Executive Summary

4 premium previews

5 Market Overview

6 Optometry Equipment Market, by Type

7 Optometry Equipment Market, By Application

8 Optometry Equipment Market, By End User

9 Optometry Equipment Market, By Specialty

10 Optometry Equipment Market, By Region

11 Competitive Landscape

12 company profiles

13 Appendix

Companies cited

  • Carl Zeiss Meditec AG (Germany)

  • Alcon (Switzerland)

  • EssilorLuxottica (France)

  • Topcon Corporation (Japan)

  • Bausch Health Companies Inc. (Canada)

  • NIDEK Co.Ltd. (Japan)

  • Canon Inc. (Japan)

  • Johnson and Johnson (USA),

  • HEINE Optotechnik (Germany)

  • Revenio Group PLC (Finland)

  • Haag-Streit Group (Switzerland)

  • Engineering Heidelberg (Germany)

  • Luneau Technology (France)

  • Sonomed Escalon (United States)

  • Keeler Ltd. (UK)

  • Reichert Technologies (USA)

  • Oculus Inc. (US)

  • Kowa American Corporation (USA)

  • Ziemer Ophthalmic Systems AG (Switzerland)

  • Huvitz (South Korea)

  • Neitz Instruments Co.Ltd. (Japan)

  • Rexxam Co.Ltd. (Japan)

  • Rudolf-Riester GmbH (Germany)

  • FREY (Poland)

  • Yeasn (China).

For more information about this report visit https://www.researchandmarkets.com/r/qn8t3

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