Optometry Equipment Market: Global Market Estimation, Dynamics, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Optometry Market: By Type (Therapeutics and Eye Care Equipment), By Distribution Channel (Hospitals, Ophthalmic Clinics, Retail Ophthalmic Stores, Online Pharmacies), and Geography (North America, Europe, Latin America, Asia Pacific and The Middle East and Africa)

 

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Report

Description

Optometry Equipment Market size was valued at USD 2.52 billion in 2021. It is expected to reach a value of USD 3.93 billion by 2028, at a CAGR of 6.2% from 2022-2028. To evaluate, identify, treat, and manage disease, injuries, and diseases of the visual system and related structures, optometry equipment is required. Additionally, it’s used to diagnose systemic eye disorders. The functionality of an optometrist’s clinical abilities and the instrumentation facilities in an optometry clinic are improved by new technologies and diagnostic instruments in the field of optometry. During the forecast period, there is expected to be a rise in the incidence of eye diseases, as well as availability of employer-sponsored vision care benefits like insurance, discounted eye exams, glasses, and contact lenses, rising public awareness of the advantages of routine eye exams, and reimbursement coverage for optometry services. Around the world, major eye disorders are becoming more common, and vision loss is evolving into a critical public health concern. As the population ages and the frequency of chronic diseases like diabetes and hypertension rises, eye conditions including diabetic retinopathy and ocular hypertension have also become more common (glaucoma). It’s expected that the number of people who are blind or have impaired eyesight will significantly increase. Numerous people experience vision loss. The increased incidence of eye disorders and the related growth in years lived with a disability are expected to raise the need for precision disease treatment in the coming years.

Optometry Equipment Market

MARKET SUMMARY
-
6.2%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 6.2%
  • Largest Market– North America
  • Fastest Market- Asia Pacific

Optometry Equipment Market

  • Optometry Equipment Market report gives a comprehensive outlook across the globe with special emphasis on key regions ns such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
  • The report gives historical, current, and future market sizes on the basis of type, technology, distribution channel and region.
Market Leaders
  • Novartis AG (Switzerland)
  • Carl Zeiss Meditech AG (Germany)
  • Essilor International S.A. (France)
  • Opcon Corporation (Japan),
  • Johnson and Johnson (U.S.)
  • STAAR Surgical Company (U.S.)
Optometry Equipment Market Drivers

optometry market continues to witness positive growth owing to increasing life expectancy and rising geriatric population over the period of forecast. Rise in the number of corneal surgeries and keratoplasty cases will boost optometry market growth over the forecast period. The market for optometry driven by technological advances and rising awareness about eye aesthetics among young patient population. However, the dearth of a skilled workforce, lower awareness among people about eye disorder, lack of health care insurance, poor primary health care infrastructure in developing and under developed countries may hamper the growth of the optometry market over the period of forecast.


North-America Got Significant Share

Optometry Equipment Market

North America expected to grow at notable rates owing to the factors such as presence of the dominant industry players, developed healthcare infrastructure and rise in awareness of eye care. Asia Pacific, Middle East and Africa region expected to grow at notable rates owing to developing healthcare infrastructure and rise in awareness related to eye disorders. Furthermore, countries such as India and China projecting lucrative growth opportunities owing to rapidly developing healthcare infrastructure and expansion of the multinational companies into these regions.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2016-2021), and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis
Optometry Equipment Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


Report

Table Of Content


Report

Company Profile

  • Novartis AG (Switzerland)
  • Carl Zeiss Meditech AG (Germany)
  • Essilor International S.A. (France)
  • Opcon Corporation (Japan),
  • Johnson and Johnson (U.S.)
  • NIDEK Co., Ltd. (Japan)
  • STAAR Surgical Company (U.S.)

Description

Optometry Equipment Market size was valued at USD 2.52 billion in 2021. It is expected to reach a value of USD 3.93 billion by 2028, at a CAGR of 6.2% from 2022-2028. To evaluate, identify, treat, and manage disease, injuries, and diseases of the visual system and related structures, optometry equipment is required. Additionally, it’s used to diagnose systemic eye disorders. The functionality of an optometrist’s clinical abilities and the instrumentation facilities in an optometry clinic are improved by new technologies and diagnostic instruments in the field of optometry. During the forecast period, there is expected to be a rise in the incidence of eye diseases, as well as availability of employer-sponsored vision care benefits like insurance, discounted eye exams, glasses, and contact lenses, rising public awareness of the advantages of routine eye exams, and reimbursement coverage for optometry services. Around the world, major eye disorders are becoming more common, and vision loss is evolving into a critical public health concern. As the population ages and the frequency of chronic diseases like diabetes and hypertension rises, eye conditions including diabetic retinopathy and ocular hypertension have also become more common (glaucoma). It’s expected that the number of people who are blind or have impaired eyesight will significantly increase. Numerous people experience vision loss. The increased incidence of eye disorders and the related growth in years lived with a disability are expected to raise the need for precision disease treatment in the coming years.

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