Global Optometry/Eye Exam Equipment Market – Industry Trends and Forecast to 2029

  • Healthcare
  • Upcoming Report
  • Mar 2022
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

Global Optometry/Eye Exam Equipment Market, By Type (Retina and Glaucoma Examination Products, General Examination Products, Cornea and Cataract Examination Products), End User (Hospitals, Clinics, Ambulatory Surgical Centers, Others) – Industry Trends and Forecast to 2029.

Optometry/Eye Exam Equipment Market

Global Optometry/Eye Exam Equipment Market Analysis and Size

Eye disorders are witnessing an upsurge all around the globe. The reasons for the same are many such as exposing eyes to artificial lights for long durations, genetic and hereditary factors and much more. This is widened the scope of growth for the optometry/eye exam equipment market. The introduction of optometry/eye exam equipment especially in the developing economies has been proving fruitful for quite some time now.

  • Data Bridge Market Research analyses that the optometry/eye exam equipment market is expected to undergo a CAGR of 7.20% during the forecast period. This indicates that the market value, which was USD 2.85 billion in 2021, would rocket up to USD 5.31 billion by 2029. “Hospitals” dominates the end user segment of the optometry/eye exam equipment market owing to rising number hospitals especially in the developing economies. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Global Optometry/Eye Exam Equipment Market Definition

From the name itself, it is clear that optometry/eye exam equipment refers to the medical equipment that is used for the purpose of eye examination. The role of optometry/eye exam equipment is to diagnose all kinds of eye related diseases and disorders and suggest the necessary treatment for the same.

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2019 - 2014)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Type (Retina and Glaucoma Examination Products, General Examination Products, Cornea and Cataract Examination Products), End User (Hospitals, Clinics, Ambulatory Surgical Centers, Others)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Market Players Covered

Carl Zeiss AG (Germany), Haag-Streit (Switzerland), Topcon (Japan), NIDEK (Japan), Heidelberg Engineering (Germany), Escalon (US), Novartis (Switzerland), Valent (Canada), Canon, Inc., (Japan), Essilor (France), Heine Optotechnik (Germany), Novartis AG (Switzerland), Johnson & Johnson Services, Inc. (US), Zimmer Biomet (US), TOPCON CORPORATION (Japan), NIDEK CO. LTD. (Chian), Luneau Technology Group (France), and Luneau Technology (France)

Optometry/Eye Exam Equipment Market Dynamics

Drivers

  • Rising number of eye disorders

Surging number of eye related disorders in all age groups is a leading cause of improving the market growth rate. Increasing cases of ophthalmic disorders, particularly glaucoma, diabetic retinopathy andvisual impairment is induicing growth in themarket value    

  • Research and development proficiencies

Rising expenditure for research and development proficiencies especially in the developed and developing economies pertaining to the medical instruments and devices will further create lucrative market growth opportunities. Research and development proficiencies being conducted for the development of diagnostic equipment is also bolstering the market growth rate.

  • Growing expenditure for healthcare infrastructure

Increased funding for the development of healthcare infrastructure especially in the developing economies is further carving the way for the growth of the market. Increased number of strategic collaborations and partnerships between the public and private players is propelling growth in the market value.

Opportunities

Furthermore, upsurge in the public-private funding for target research activities, increasing demand for early and accurate detection of medical conditions along with introduction of advanced surgical ophthalmic devices and rising product innovations and development owing to technological advancements all around the world will extend profitable opportunities for the market players in the forecast period of 2022 to 2029. Additionally, rapid growth in the number of older individuals seeking or needing medical support, rising internet penetration rate, and increasing per capita expenditure on health care will further expand the market's growth rate in the future. 

Restraints/Challenges Global Optometry/Eye Exam Equipment Market

On the other hand, high cost associated with the research and development proficiencies, limited infrastructural facilities and dearth of awareness in the backward economies are expected to obstruct market growth. Also, lack of favourable reimbursement scenario and technology penetration in the developing economies, increasing adoption of refurbished eye exam equipment and high price of eye examination equipment and lack of suitable infrastructure in low- and middle-income countries are projected to challenge the market in the forecast period of 2022-2029.

This optometry/eye exam equipment market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the optometry/eye exam equipment market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Optometry/Eye Exam Equipment Market

COVID-19 has negatively impacted the the market. This is because of the rising number of restrictions on the movement. Cancelations of non-essential diagnostic procedures led to generating low revenues for the manufacturers. Also supply chain disruptions resulted in hampering the growth rate of the market. All the healthcare resources were directed towards meeting the demand of COVID-19 discrepancies.

Recent Development

  • In January 2021, HAAG-STREIT Diagnostics launched Lenstar Myopia, a solution for the increasing demand for myopia management. The solution consists of HAAG-STREIT’s well-established Lenstar 900 optical biometer and the corresponding EyeSuite software called EyeSuite Myopia. The Lenstar 900 also performs keratometry to make accurate predictions about the onset and progression of myopia.
  • In December 2020, RetinAI Medical AG collaborated with Novartis Pharma AG, which entails RetinAI’s artificial intelligence tools to be deployed for supporting various projects in ophthalmology and digital health.

Global Optometry/Eye Exam Equipment Market Scope

The optometry/eye exam equipment market is segmented on the basis of type and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • Retina and Glaucoma Examination Products
  • General Examination Products
  • Cornea and Cataract Examination Products

On the basis of type, the optometry/eye exam equipment market is segmented into retina and glaucoma examination products, general examination products, cornea and cataract examination products. Retina and glaucoma examination products have further been segmented into OCT scanners, fundus cameras, perimeters/visual field analyzers, ophthalmoscopes and retinoscopes. General examination products have further been segmented into autorefractors and keratometers, ophthalmic ultrasound systems, tonometers, slit lamps, lensmeters and chart projectors. Cornea and cataract examination products have further been segmented into wavefront aberrometers/analyzer, optical biometry systems, corneal topography systems and specular microscopes.

End user

  • Hospitals, Clinics
  • Ambulatory Surgical Centers
  • Others

The end user segment of optometry/eye exam equipment market is segmented into hospitals, clinics, ambulatory surgical centers and others.

Optometry/Eye Exam Equipment Market Regional Analysis/Insights

The optometry/eye exam equipment market is analysed and market size insights and trends are provided by country, type and end user as referenced above.

The countries covered in the optometry/eye exam equipment market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the optometry/eye exam equipment market because of the strong base of healthcare facilities, strong presence of a well-developed healthcare setting for ophthalmic treatments as well as the strong presence of favourable reimbursement network and government funding within the region and rising number of research activities in this region.   

Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the increase in government initiatives to promote awareness, rise in medical tourism, growing research activities in the region, availability of massive untapped markets, large population pool, availability of the well-established infrastructure, rapid rise in focus of the manufacturing industry towards industrial radiography in developing economies such as China and India and the growing demand for quality healthcare in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Healthcare Infrastructure Growth Installed Base and New Technology Penetration

The optometry/eye exam equipment market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for optometry/eye exam equipment market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the optometry/eye exam equipment market. The data is available for historic period 2010-2020.

Competitive Landscape and Optometry/Eye Exam Equipment Market Share Analysis

The optometry/eye exam equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to optometry/eye exam equipment market.

Some of the major players operating in the optometry/eye exam equipment market are Carl Zeiss AG (Germany), Haag-Streit (Switzerland), Topcon (Japan), NIDEK (Japan), Heidelberg Engineering (Germany), Escalon (US), Novartis (Switzerland), Valent (Canada), Canon, Inc., (Japan), Essilor (France), Heine Optotechnik (Germany), Novartis AG (Switzerland), Johnson & Johnson Services, Inc. (US), Zimmer Biomet (US), TOPCON CORPORATION (Japan), NIDEK CO. LTD. (Chian), Luneau Technology Group (France), and Luneau Technology (France)  among others.

Research Methodology : Global Optometry/Eye Exam Equipment Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-optometry-eye-exam-equipment-market

Customization Available : Global Optometry/Eye Exam Equipment Market

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.


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Frequently Asked Questions

The Optometry/Eye Exam Equipment Market is expected USD 5.31 billion by 2029.
The Optometry/Eye Exam Equipment Market is Projected to Grow at a CAGR of 7.50% During the Forecast Period of 2022 to 2029.
Carl Zeiss AG (Germany), Haag-Streit (Switzerland), Topcon (Japan), NIDEK (Japan), Heidelberg Engineering (Germany), Escalon (US), Novartis (Switzerland), Valent (Canada), Canon, Inc., (Japan), Essilor (France), Heine Optotechnik (Germany), Novartis AG (Switzerland), Johnson & Johnson Services, Inc. (US), Zimmer Biomet (US), TOPCON CORPORATION (Japan), NIDEK CO. LTD. (Chian), Luneau Technology Group (France), and Luneau Technology (France) are the major companies operating in Optometry/Eye Exam Equipment Market.
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
The Optometry/Eye Exam Equipment Market Report Curated by the Data Bridge Market Research Team Includes In-Depth Expert Analysis, Patient Epidemiology, Pipeline Analysis, Pricing Analysis, and Regulatory Framework.