Global Optometry Equipment Market Indicates Notable CAGR growth by 2026

The purpose of this comprehensive forecast report presented by Fact.MR is to elaborate the various market projections impacting the global optometry equipment market during the period through 2019-2029. This assessment delivers high-end statistics concerning market size, growth in trends and revenue share (US& Mn) linked to different geographies and segmentation types. Readers can acquire precise insights about market growth trends along with upcoming opportunities that are expected to reshape the overall structure of the optometry equipment market during the forecast period.

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Optometry Equipment is used to diagnose and monitor vision or eyesight, ophthalmic diseases. Advancements in treatments and increasing access to advanced eye care in the emerging nations are some of the reasons driving the growth of optometry equipment market. There has been a widespread adoption of sophisticated optometry equipment with rapid advances in technologies. Manufacturers of optometry equipment are focusing on developing advanced equipment to improve detection of glaucoma. Increase in chronic eye diseases is also resulting in the research and development of new optometry equipment. Increasing number of optometrists are adopting state-of-the-art equipment for getting access to the visual function of an eye in order to enhance detection of eye disease.

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.

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.

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.

Table of Content:

1. Global Outlook
2. Global Optometric Equipment Market – Executive Summary
3. Global Optometric Equipment Market Overview

3.1. Introduction

Continued…………………….

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