Global Optometry Equipment Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

"Global Optometry Equipment Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global optometry equipment market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global optometry equipment market report has been segmented on the basis of product type, end user, and region.

Introduction  

Optometry equipment are used by optometrist or ophthalmologist in order to examine, diagnose, treat, and manage disease, injuries, disorders related to visual system and for identify systemic conditions affecting eye. The optometry instruments include retinoscopes, visual field analyzers, specular microscopes, fundus cameras, autorefractors and keratometers, ophthalmoscopes, wavefront aberrometers, etc. Innovative technologies and new diagnostic tools in optometric practice improves the function of optometrist’s clinical skills and optometry clinic instrumentation facilities.Within the optometry equipment market, Ophthalmic microscopes are indispensable tools, enabling optometrists to provide accurate and comprehensive eye examinations.

Market Dynamics

Increasing incidence of various eye disease and technological advancements in optometry equipment are major factors expected to drive growth of the global optometry equipment market over the forecast period.

In addition, availability of innovative diagnostic tools in this field such as digital fundus camera, optimal coherence tomography, ultra wide field internal imaging camera, advanced retinal camera, tonometer, specular microscope, visual field tester, automated refractor, etc., are other factors that improves the diagnostic ability of optometrist, which in turn expected to support growth of the global market over the forecast period.

Furthermore, increasing spending on healthcare treatments such as sight loss, blindness, and sight-threating conditions are other factors expected to further fuel growth of the target market in the near future. For instance, according to the RNIB- Eye Health 2016 report, sight loss, blindness, and sight-threating conditions accounted for US$ 2.03 Mn, US$ 0.27 Mn, and US$ 5.7 Mn healthcare expenditures, respectively in the UK.

Moreover, increasing diabetic population and patients affected with diabetes eye disease are some factors expected to propel growth of the target market over the forecast period. Eye disease is common problems in diabetes, which include glaucoma, diabetic retinopathy, and cataract.

Additionally, employer-sponsored vision care benefits such as vision care insurance, discounted vision exams, glasses and contact lenses, increasing awareness regarding benefits of routine eye examination, and reimbursement policies for optometry services are important factors expected to boost growth of global optometry equipment market over the forecast period.

Increasing technological advancements and innovative product launches are expected to create potential revenue opportunities for players operating in the global optometry equipment market over the forecast period.

Analysis by Region

The market in North America followed by Latin America is expected to dominate the global optometry equipment market in terms of revenue over the forecast period, owing to increasing awareness among individuals regarding cataract, vision loss, and other eye related disease, and well established healthcare infrastructure across various countries in these regions.

Global optometry equipment market segmentation:

Segmentation 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
• Others

Segmentation by end user:

• Hospitals
• Eye Specialty Clinics
• Ambulatory Care Centers
• Others

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa