U.S (New York)–This Eye Testing Equipment Market Report gives evaluation and insights primarily based on authentic consultations with necessary gamers such as CEOs, Managers, Department Heads of Suppliers, Manufacturers, and Distributors etc.
The global eye testing equipment market was valued at $2,638 million in 2017 and is expected to reach $3,914 million by 2025, registering a CAGR of 5.0% from 2018 to 2025. Ophthalmic diagnostic devices/eye testing equipment/optometry devices are used for detection and analysis of eye-related diseases such as refractive error, cataract, glaucoma, and diabetic retinopathy. These diagnostic devices are of utmost importance to provide proper treatment to the patients to avoid further damage to the vision or loss of vision. Considerable increase in the incidence of eye-associated disorders especially cataract and glaucoma across the globe has played a significant role in driving the growth of eye testing equipment market. Immediate treatment of people suffering from glaucoma is essential as glaucoma in severe cases may result in loss of vision permanently.
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This immediate attention is possible only when the patients undergo comprehensive eye examinations wherein eye testing devices are utilized for effective diagnosis. In addition, glaucoma is anticipated to be the leading cause of blindness among people in the age group of 60 years and above. Whereas, cataract is a condition wherein clouding of the lens occurs resulting in decreased vision, and its incidence has been on the rise over the years.
The global eye testing equipment market is segmented based on device, application, end user, and region. Based on device, the market is classified into slit lamp, biometer, perimeter, tonometer, optical coherence tomography (oct) scanner, fundus camera, autorefractor & keratometer, and other devices. The other devices include lensmeter, chart projector/visual acuity accessory/computerized visual acuity system, ophthalmoscope, and others. By application, it is categorized into general examination, glaucoma, cataract, and other applications. The end users covered in the study include hospital, eye clinic, and optometry academic institute. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The healthcare sector is vital to both national economies and people all across the world. One of the industries with the fastest growth rates is this one. There is a correlation between income levels and healthcare spending across nations because healthcare spending accounts for more than 10% of the GDP of the majority of developed countries. According to the Centers for Medicare and Medicaid Services, US healthcare spending increased by 4.6% in 2019 to reach US$ 3.8 trillion, or US$ 11,582 per person and represented 17.7% of GDP. Additionally, households paid for 28.4% of all health expenditures, followed by the federal government for 29.0%. 16.1% of all healthcare costs were paid for by state and municipal governments, while 7.5% came from other private sources.
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Due to advancements spurred by AI/ML, the impact of digital health technology will grow. Data from the Department for Promotion of Industry and Internal Trade show that FDI in the medicines and medication sector totaled US$19.12 billion (DPIIT).
KEY BENEFITS FOR STAKEHOLDERS
The study provides an in-depth analysis of the global eye testing equipment market with the current trends and future estimations to elucidate the imminent investment pockets.
A comprehensive analysis of the factors that drive and restrict the market growth is provided.
A comprehensive quantitative analysis of the industry is provided from 2017 to 2025 to assist stakeholders to capitalize on the prevailing market opportunities.
An extensive analysis of the key segments of the industry helps understand the trends in eye testing equipment globally.
Key players and their strategies are provided to understand the competitive outlook of the industry.
KEY MARKET PLAYERS
Carl Zeiss
Metall Zug AG (Haag Streit)
Topcon Corporation
Nidek Co., Ltd.
Escalon
Novartis
Canon
Essilor
Heine Optotechnik
Luneau Technology
The other players in the value chain include (profiles not included in the report)
Heidelberg Engineering GmBH
Huvitz
BON Optic
Reichert Technologies
Potec
Visionix
Tomey Corporation
LuxVision
KEY MARKET SEGMENTS
By Device
Slit Lamp
Biometer
Perimeter
Tonometer
Optical Coherence Tomography (OCT)
Fundus Camera
Autorefractor and Keratometer
Other Devices
By Application
General Examination
Glaucoma
Cataract
Other Applications
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By End User
Hospital
Eye Clinic
Optometry Academic Institute
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
In this report, the following important queries are addressed:
- What is the Global market’s sales value, production value, consumption value, import, and export (including North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
- Who are the major manufacturers in this sector on a global scale? How are their capacity, production, sales, pricing, cost, gross, and revenue operating?
- What are the vendors’ market prospects and risks in the international industry?
- Which product types, end users, or applications might be looking for additional growth prospects? What is each type’s and application’s market share?
- What specific strategies and limitations are keeping the market in check?
- What is the various marketing, sales, and distribution channels in the international market?
- What are the upstream raw materials, as well as the manufacturing machinery?
- What are the Market opportunities, market risk, and market overview of this industry?
Key Benefits of This Market Research:
- Industry drivers, restraints, and possibilities included in the study
- Neutral point of view on the market performance
- Recent enterprise developments and developments
- Competitive panorama and techniques of key players
- Potential and area of interest segments and areas exhibiting promising increase covered
- Historical, current, and projected market size, in phrases of value
- In-depth evaluation of the Market
- Overview of the regional outlook of the Market
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