Optometry Equipment Market Outlook with Ongoing Trends, Top Players Profile Analysis and Forecast 2017-2026

Dublin 2, Ireland, 2018-Feb-01 — /EPR Network/ — Growing need for examining the eyes for abnormalities and defects has led to surge in demand for optometry equipment in the healthcare industry. In addition, prevalence of diabetes is further expected to impact growth of the global optometry equipment market positively. This Fact.MR report analyzes the expansion of global optometry equipment market till date, and provides key insights on the growth of the market during the forecast period, 2017-2026.

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The next section offers an overview of the global optometry equipment market. This comprises an introduction to the market, along with a standard definition of the product – optometry equipment. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.

The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.

In order to offer readers with up-to-date information about the latest advancements in the global optometry equipment market, the report provides updates about market opportunities, which can benefit leading manufacturers of optometry equipment. With continuous evolution of the healthcare sector, keeping a record of latest developments and trends is fundamental for optometry equipment manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, regulatory approvals, pricing analysis, list of distributors, and cost structure are provided in this section.

OCT Scanners- Top-Selling Optometry Equipment

Compared to the various optometry equipment, OCT scanners are expected to emerge as one of the top-selling optometry equipment. OTC scanners are expected to reach close to US$ 700 million revenue by the end of 2026. OCT imaging systems are being used on a large scale for retinal imaging and analysis. It provides highly detailed images of the retina and optic nerve. OCT is also very essential in measuring the changes in eyes in both pre and post-operation for cataract patients. Manufacturers are also focusing on adding advanced features in OCT scanners. Manufacturers are also building DICOM compatible OCT scanners to remotely access images and data regardless of the location.

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Hospitals to Emerge as the Largest Users of Optometry Equipment

Hospitals are likely to emerge as the largest users of optometry equipment between 2017 and 2026. Accounting for nearly half of the revenue share, hospitals are projected to reach nearly US$ 1,500 million revenue by 2026 end. The challenging healthcare environment is resulting in the increasing use of various advanced optometry equipment to provide better eye care. With the increase in various eye diseases, the government of various countries are taking initiatives by establishing eye hospitals. Hence, this is resulting in the growing demand for optometry equipment at hospitals. Various hospitals are also focusing on developing maintenance department to ensure care and maintenance of optometry equipment.

North America to Remain Dominant in the Global Optometry Equipment Market

Better access to advanced eye care, increasing number of ophthalmic procedures are some of the factors driving the optometry equipment market in the U.S. Moreover, technological advancements are also leading to the development of cutting-edge optometry equipment in North America. Meanwhile, the demand for optometry equipment is also expected to witness significant growth in countries like India and China.  Due to the development of advanced eye care services, and initiatives by the government to provide better eye care facilities in the rural areas, APEJ is likely to witness growth in the coming years.

Competition Tracking

The report also profiles companies that are expected to remain active in the expansion of global optometry equipment market through 2026, which include Carl Zeiss, Haag-Streit, Topcon, Nidek, Heidelberg Engineering, Novartis, Valeant, Canon, Essilor, Heine Optotechnik, Luneau Technology, and Escalon.

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