OPTOMETRY EQUIPMENT MARKET ANALYSIS

Optometry Equipment Market, by Product Type (Retinoscopes, OCT Scanners, Corneal Topography Systems, Visual Field Analyzers, Ophthalmic Ultrasound Systems, Fundus Cameras, Autorefractors and Keratometers, Ophthalmoscopes, Optical Biometry Systems, Specular Microscopes, Wavefront Aberrometers, Other Equipment Types, Accessories), by End User (Eye Specialty Clinics, Ophthalmic Hospitals, Academic and Research Institutions), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published In : Jul 2022
Code : CMI2068
Pages :178
Formats :
Excel and PDF
Industry : Medical Devices

Optometry Equipment MarketSize and Trends

Global optometry equipment market is estimated to be valued at US$ 4,062.1 million in 2022 and is expected to exhibit a CAGR of 5.8% during the forecast period (2022-2030).

Figure 1.Global Optometry Equipment Market Share (%), by End User, 2022

Increasing incidences of eye disease and vision loss have led to introduction of new technologies to drive growth of the optometry equipment market

Increasing incidences of eye disease and vision loss have led to introduction of new technologies and methods by optometry instrument manufactures. For instance, HAAG-STREIT is a leading manufacturer of medical practice equipment, in January 2021, the company announced the launch of Lenstar Myopia, owing to the increasing demand for myopia management. The device performs accurate predictions about the onset and progression of myopia which is expected to drive the adoption of optometry equipment over the forecast period.

Figure 2.Global Optometry Equipment Market Share (%), by Region, 2022

Rising prevalence of eye disease is expected to augment the market growth during the forecast period

Rising prevalence of most common eye disease such as age-related macular degeneration (AMD), cataract, glaucoma, and diabetic retinopathy are major driving factor for growth of the optometry equipment market. For instance in October 2021, according to WHO, Globally, at least 2.2 billion people have a near or distance vision impairment. In at least 1 billion – or almost half – of these cases, vision impairment could have been prevented or has yet to be addressed.