North America to Remain Dominant in the Global Optometry Equipment Market

Posted on 2019-04-08 by Mark Hub in Healthcare // 0 Comments

The number of people suffering from blindness and visual impairment continues to grow, although world health organization (WHO) states that around 80% of visual impairment can be cured or prevented. Even though there has been a dip in the prevalence of visual impairment over the last two decades, the health governing body cautions of that number of people with visual impairment could triple owing to ageing and growth. The practitioners have accordingly looked to enhance their operational efficiency with the view to stay viable owing to increase in overhead costs.

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Over the next decade, the number of practicing ODs is anticipated to rise. With the burgeoning population, the demand for medical eye care services is expected to grow and will need ODs to fill the chasm. Rising number of vision impairments such as cataract, uncorrected refractive errors, glaucoma, diabetic retinopathy and age-related macular degeneration are expected to be instrumental in the adoption of optometry equipment in the health care industry.

Technology has been offering an array of advantages to optometrists, including perception of quality care, enhanced efficiency and reduction in morbidity on the back of early detection of disease. Most well-run optometric practices depend immensely on automated technology to ameliorate throughput during the examination process. As such, integration of technological solutions, namely amblyoplay, which is a gamified vision therapy for lazy eyes children has been growing in popularity.

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There has been unprecedented demand for non-invasive imaging tests and therapies, manufacturers look to integrate smart technology, leveraging optometrists to provide prescriptions for glasses in comparatively shorter time.

Structural data such as OCT has been gaining traction as it allows eye care providers the ability to filter out nuances of the test with more precise reliability measurements. Accordingly, practitioners have gained advantage through an OCT (especially the one with angiography capabilities) as it has provided apt markers for retinal health, ganglion cell and optic nerve.

Optometry Equipment Market: Overview

The report offers a coherent analysis on the optometry equipment market for the forecast period 2018-2026. Further, the report also shed light on dynamics of the market, including drivers, trends, restraints and opportunities. Besides, the report delves into the segmentation of the market which is aimed at providing readers with an in-depth view of the market.

The report on optometry delves into supply chain and cost structure to provide a robust view of the optometry market. The report also includes disease epidemiology and product lifecycle analysis. Furthermore, PESTLE analysis offers an in-depth view of optometry in the global market. The report also includes a comprehensive assessment on the basis of average pricing analysis.

The market for optometry adopts supply-demand approach to provide a holistic picture of the market. In-house panel of experts have thoroughly analyzed the research sources, including secondary sources and primary sources. Revenue comparison, market share comparison and Y-o-Y growth comparison on the geography lead to the market size of the optometry. The growth of manufacturers in the historical and forecast period are estimated to assist the readers with investment decisions.

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.

Optometry Market: Competitive Landscape

Leading players being instrumental for the growth of the optometry market are assessed and profiled with respect to financial overview, company overview, product offering, strategies, recent development and key differentiators. Furthermore, the report encompasses SWOT analysis to present an overall picture of the competitive landscape of the optometry market.

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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