Fact.MR – A Market Research and Competitive Intelligence Provider: The global optometry equipment market is generating credible opportunities, as global eye care makes impressive strides.
Ophthalmic Diagnostic Equipment to Spearhead Bulk of Optometry Equipment Market Growth: Fact.MR
“Growing incidence of multiple ophthalmic disorders have accelerated funding for research to discover novel therapeutic and diagnostic approaches. Furthermore, increasing involvement of the NGO sector is providing major headway to the deployment of optometry equipment for eye surgeries, “says a Fact.MR analyst.
Fact.MR – A Market Research and Competitive Intelligence Provider: The global optometry equipment market is generating credible opportunities, as global eye care makes impressive strides. Increased integration of automation, smart technology, and burgeoning research funding are some important growth actuators expected to have a credible impact in future.
Demand for high-end optometry equipment is poised to remain especially high for treating hospital outpatients, as the need for faster tests and timely result delivery acquires center-stage. Faster turnarounds are helping patients seek timely treatment to prevent further deterioration in vision. Green spaces are evident with respect to sales of diagnostic ophthalmic equipment, characterized by the presence of numerous manufacturers.
Optometry equipment is usually operated by the ophthalmologist or optometrist to diagnose, examine, treat, and manage disorders & diseases of the eye, visual system, and deformations linked with the eye structures and diagnose eye-related systemic disorders.
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Some of the factors responsible for the growth of the optometry equipment market include the rising prevalence of eye diseases, technological advancements in ophthalmic devices, and increasing government initiatives to control visual impairment.
Key Takeaways from Market Study
- Demand for ophthalmic diagnostic devices likely to surge amid increased need for technologically-advanced diagnosis
- By end user, hospital outpatients account for maximum optometry equipment usage on the back of rising demand for faster procedures
- U.S. to experience high volume sales amid increasing demographic shift towards a geriatric population base
- Growing demand for age-related macular degeneration (AMD) to heighten adoption for screening across the U.K.
- Favourable reimbursement & insurance coverage and increased research funding to pivot market growth in Germany and France
- Increasing governmental & non-governmental efforts to mitigate ophthalmic disorders to heighten growth prospects across India
Competitive Landscape
Carl Zeiss Meditec AG, HAAG-STREIT GROUP., Topcon Medical Systems, NIDEK CO., LTD, Heidelberg Engineering Inc., Novartis AG, and Canon Singapore Pte. Ltd, ESSILOR INTERNATIONAL S.A., HEINE Optotechnik GmbH & Co. KG, and Ziemer Ophthalmic Systems AG are some prominent manufacturers of optometry equipment.
- In February 2021, NIDEK CO. LTD announced the launch of its B-scan Denoising Software for the NIDEK OCT series. The software converts a B-scan retinal OCT image to a high definition image by a denoising technique using deep learning. The platform is set to assist in creating clear retinal images generated by averaging 120 images.
- In December 2020, Heidelberg AG undertook a capacity expansion program by creating a new, modern industrial and commercial park at its Wiesloch/Walldorf site. The expansion project is being carried out in conjunction with the VGP Group. This expansion is anticipated to aid the company in enhancing its manufacturing capabilities, providing traction to its optometry equipment production portfolio.
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Key Segments Covered
- Product
- Cataract Surgery Devices
- Glaucoma Surgery Devices
- Ophthalmic Diagnostic Equipment
- Vitreo Retinal Surgery Devices
- Ophthalmic Lasers
- End User
- Hospital Outpatients
- Physician Practice
- Specialty Clinics
- Ambulatory Care Centers
- Research Institutes
- Region
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa
Top Impacting Factors
- Increase in cases of eye diseases, rise in geriatric population, surge in incidences of diabetes which results in vision impairment, excessive use of mobile phones & computers leads to cause eye disorders, poor lifestyle habits lead to digital eye strain, rise in demand for minimally invasive procedures & advanced treatments and procedures are the factors that drive the growth of the optometry equipment market.
- In addition, rise in government funding to boost R&D activities, increase in healthcare expenditure; availability of skilled professionals; collaborations & partnerships between key players to facilitate the development & launch of advanced equipment in the market; are some factors, which boost the optometry equipment market growth.
- However, lack of knowledge for proper handling of equipment as well as complications associated with them, lack of awareness about eye diseases, and high cost of equipment are anticipated to hinder the optometry equipment market growth.
- In addition, the results obtained from optometry tests can vary and make the results less effective which leads to a decrease in the number of people opting for optometry, thus restraining the overall growth of the optometry equipment market.
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Key Benefits of the Report
- This study presents the analytical depiction of the optometry equipment industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the optometry equipment market share.
- The current market is quantitatively analyzed from 2020 to 2030 to highlight the optometry equipment market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the optometry equipment market.
- The report provides a detailed optometry equipment market analysis based on competitive intensity and how the competition will take shape in coming years.
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