Optometry Equipment Market
Global Optometry Equipment Market Size, Share & Trends Analysis Report by Product Type (Diagnostic Equipment, Surgical Equipment (Cataract Surgery Devices, Glaucoma Surgery Devices, Vitreo Retinal Surgery Devices, and Other Surgical Equipment), and Laser Equipment) and by End-User (Hospitals & Clinics, Ophthalmology Centers, and Research Institutes) Forecast, 2021-2027 Update Available - Forecast 2024-2030
The global optometry equipment market is projected to grow at a modest CAGR of 5.6% during the forecast period (2021-2027). The key aspect that drives the growth of the market includes the rising incidences of eye related disorders such as infections, diabetic retinopathy, and many others. The incidence and prevalence rate of eye disorders is growing at a significant rate across the globe. According to the WHO, in 2019, around 2.2 billion people globally were suffering from one or the other kind of visual impairment and 80% of these are considered avoidable. Most of these vision impairments are due to cataracts (65.2 million) and uncorrected refractive errors (123.7 million).
Some other causes of visual impairment include trachoma (2 million), unaddressed presbyopia (826 million), glaucoma (6.9 million), corneal opacity (4.2 million), and diabetic retinopathy (3 million). Visual impairment may lead to various conditions such as accidents, depression, and anxiety disorders. Further, rising R&D activities regarding the introduction of novel drugs and government initiatives in the healthcare sectors are also considered as major driving factors for the growth of the optometry equipment market during the forecast period. However, factors such as low awareness and scarcity of suitable facilities and drugs in rural areas may hamper the growth of the market.
Segmental Outlook
The global optometry equipment market is segmented on the basis of product type and end-user. Based on the product type, the market is segmented as diagnostic equipment, surgical equipment, and laser equipment. The surgical equipment is further segmented into cataract surgery devices, glaucoma surgery devices, vitreo retinal surgery devices, and other surgical equipment. Based on the end-user, the market is segmented as hospitals & clinics, ophthalmology centers, and research institutes.
Hospitals & Clinics Segment to Hold the Significant Share in the Market
Amongst the end-user segment of the global optometry equipment market, the hospitals & clinics segment is projected to hold a considerable share in the market. The segmental growth is accredited to the rising cases of eye disorders across the globe, growing awareness regarding the various latest facilities provided in hospitals along with the rising number of eye surgeries across the globe. Besides, various laser surgeries are also best performed at the hospitals & clinics under the observation of professionals and specialists in the hospitals. Hospitals and clinics provide the treatment of eye diseases, including glaucoma, photo-disruption, SP-mode, and macular degeneration. The rising number of multi-specialty hospitals is a crucial factor attributing to the positive demand for the optometry equipment market during the forecast period.
Global Optometry Equipment Market, by Structure Type 2020 (%)
Regional Outlook
The global Optometry Equipment market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific region is projected to hold a significant market share. China, India, Japan, and the Rest of the Asia-Pacific are the major economies primarily contributing to the growth of the optometry equipment market. The regional growth of the market is accredited to the improving healthcare infrastructure in the regions. The presence of the key players and the adoption of technologically advanced products in the countries is also positively affecting the growth of the market during the forecast period. A large pool of older age peoples in the region is also considered as a factor driving the market growth. The prevalence of high myopia is expected to increase to nearly 24% by the end of 2050 in the high-income Asia-Pacific economies. Further, the North American region is also estimated to witness a significant value for the market, attributing to the presence of key players across the region.
Global Optometry Equipment Market, by Region 2020 (%)
Market Players Outlook
The prominent players functioning in the global Optometry Equipment market include Canon Singapore Pte. Ltd., Carl Zeiss Meditec AG, HAAG-Streit Group, Johnson & Johnson Services Inc., Nidek Co., Ltd., Novartis AG, Sumitomo Chemical Co. Ltd. (Valent USA LLC), and Topcon Medical Systems, Inc. among others. These key manufacturers are adopting various strategies such as new product launches and approvals, mergers and acquisitions, partnerships and collaborations, and many others in order to thrive in a competitive environment.
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global optometry equipment market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Competitive Dashboard
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Optometry Equipment Market by Product Type
5.1.1. Diagnostic Equipment
5.1.2. Surgical Equipment
5.1.2.1. Cataract Surgery Devices
5.1.2.2. Glaucoma Surgery Devices
5.1.2.3. Vitreo Retinal Surgery Devices
5.1.2.4. Other Surgical Equipment
5.1.3. Laser Equipment
5.2. Global Optometry Equipment Market by End-User
5.2.1. Hospitals&Clinics
5.2.2. Ophthalmology Centers
5.2.3. Research Institutes
6. Regional Analysis
6.1. North America
6.1.1. US
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. ASEAN
6.3.5. South Korea
6.3.6. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Canon Singapore Pte. Ltd.
7.2. Carl Zeiss Meditec AG
7.3. Essilor International SA
7.4. HAAG-Streit Group
7.5. Heidelberg Engineering Inc.
7.6. HEINE Optotechnik GmbH & Co. KG
7.7. Johnson & Johnson Services Inc.
7.8. Nidek Co., Ltd.
7.9. Novartis AG
7.10. Ophthalmic Instruments Inc.
7.11. Sumitomo Chemical Co. Ltd. (Valent USA LLC)
7.12. Topcon Medical Systems, Inc.
7.13. Veatch Ophthalmic Instruments
7.14. Ziemer Ophthalmic Systems AG
1. GLOBAL OPTOMETRY EQUIPMENT MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2020-2027 ($ MILLION)
2. GLOBAL DIAGNOSTIC EQUIPMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
3. GLOBAL SURGICAL EQUIPMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
4. GLOBAL CATARACT SURGERY DEVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
5. GLOBAL GLAUCOMA SURGERY DEVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
6. GLOBAL VITREO RETINAL SURGERY DEVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
7. GLOBAL OTHER OPTOMETRY SURGICAL EQUIPMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
8. GLOBAL LASER EQUIPMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
9. GLOBAL OPTOMETRY EQUIPMENT MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
10. GLOBAL OPTOMETRY EQUIPMENT FOR HOSPITALS &CLINICS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
11. GLOBAL OPTOMETRY EQUIPMENT FOR OPHTHALMOLOGY CENTERS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
12. GLOBAL OPTOMETRY EQUIPMENT FOR RESEARCH INSTITUTES MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
13. GLOBAL OPTOMETRY EQUIPMENT MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2020-2027 ($ MILLION)
14. NORTH AMERICAN OPTOMETRY EQUIPMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
15. NORTH AMERICAN OPTOMETRY EQUIPMENT MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2020-2027 ($ MILLION)
16. NORTH AMERICAN OPTOMETRY EQUIPMENT MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
17. EUROPEAN OPTOMETRY EQUIPMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
18. EUROPEAN OPTOMETRY EQUIPMENT MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2020-2027 ($ MILLION)
19. EUROPEAN OPTOMETRY EQUIPMENT MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
20. ASIA-PACIFIC OPTOMETRY EQUIPMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
21. ASIA-PACIFIC OPTOMETRY EQUIPMENT MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2020-2027 ($ MILLION)
22. ASIA-PACIFIC OPTOMETRY EQUIPMENT MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
23. REST OF THE WORLD OPTOMETRY EQUIPMENT MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2020-2027 ($ MILLION)
24. REST OF THE WORLD OPTOMETRY EQUIPMENT MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
1. GLOBAL OPTOMETRY EQUIPMENT MARKET SHARE BY PRODUCT TYPE, 2020 VS 2027 (%)
2. GLOBAL OPTOMETRY EQUIPMENT MARKET SHARE BY END-USER, 2020 VS 2027 (%)
3. GLOBAL OPTOMETRY EQUIPMENT MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
4. US OPTOMETRY EQUIPMENT MARKET SIZE, 2020-2027 ($ MILLION)
5. CANADA OPTOMETRY EQUIPMENT MARKET SIZE, 2020-2027 ($ MILLION)
6. UK OPTOMETRY EQUIPMENT MARKET SIZE, 2020-2027 ($ MILLION)
7. FRANCE OPTOMETRY EQUIPMENT MARKET SIZE, 2020-2027 ($ MILLION)
8. GERMANY OPTOMETRY EQUIPMENT MARKET SIZE, 2020-2027 ($ MILLION)
9. ITALY OPTOMETRY EQUIPMENT MARKET SIZE, 2020-2027 ($ MILLION)
10. SPAIN OPTOMETRY EQUIPMENT MARKET SIZE, 2020-2027 ($ MILLION)
11. ROE OPTOMETRY EQUIPMENT MARKET SIZE, 2020-2027 ($ MILLION)
12. INDIA OPTOMETRY EQUIPMENT MARKET SIZE, 2020-2027 ($ MILLION)
13. CHINA OPTOMETRY EQUIPMENT MARKET SIZE, 2020-2027 ($ MILLION)
14. JAPAN OPTOMETRY EQUIPMENT MARKET SIZE, 2020-2027 ($ MILLION)
15. ASEAN OPTOMETRY EQUIPMENT MARKET SIZE, 2020-2027 ($ MILLION)
16. SOUTH KOREA OPTOMETRY EQUIPMENT MARKET SIZE, 2020-2027 ($ MILLION)
17. REST OF ASIA-PACIFIC OPTOMETRY EQUIPMENT MARKET SIZE, 2020-2027 ($ MILLION)
18. REST OF THE WORLD OPTOMETRY EQUIPMENT MARKET SIZE, 2020-2027 ($ MILLION)
