Uploaded on Nov 25, 2022
Optometry Equipment Market is projected to reach USD 5.4 billion by 2027, from USD 4.0 billion in 2022, growing at a CAGR of 6.4% during the forecast period, according to a new report by MarketsandMarkets™. Market growth is driven by the rising technological advancements in optometry equipment and the growing awareness of early disease diagnosis in developing countries. Emerging economies such as China, Japan, and India are providing lucrative opportunities for the players operating in the optometry equipment market.
The Performance and Benefits of Optometry Equipment Market: Analysis, Growth, and Trends 2022 - 2027
MarketsandMarkets
Presents
Optometry Equipment Market worth $5.4 billion by 2027
https://www.marketsandmarkets.com/Market-Reports/optometry-eye-exam-equipment-mar
ket-14475790.html
The report "Optometry Equipment Market by Type (OCT, Ophthalmoscope, Autorefractor,
Tonometer, Slitlamps, Wavefront Analyzer), Application(General Examination, Cataract,
Glaucoma, Macular Degeneration), End User(Clinics, Hospitals) - Global Forecast to 2027", is
projected to reach 5.4 billion by 2027, from 4.0 billion in 2022, at a CAGR of 6.4%.
Browse in-depth TOC on "Optometry Equipment Market"
186 – Tables
43 – Figures
232 – Pages
Market growth is driven by the rising technological advancements in optometry equipment and
the growing awareness of early disease diagnosis in developing countries. Emerging economies
such as China, Japan, and India are providing lucrative opportunities for the players operating in
the optometry equipment market.
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Objectives of the Study:
• To define, describe, segment, and forecast the global optometry equipment market, by type,
application, end user, and region
• To provide detailed information regarding the major factors influencing the market growth
(such as drivers, restraints, opportunities, and challenges)
• To analyze the micromarkets with respect to individual growth trends, prospects, and
contributions to the overall optometry equipment market
• To analyze market opportunities for stakeholders and provide details of the competitive
landscape for key players
• To forecast the size of the market segments with respect to five regions, namely, North
America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa
• To profile the key players and comprehensively analyze their product portfolios, market
positions, and core competencies
• To track and analyze company developments such as product launches & approvals,
partnerships, acquisitions, agreements, and other developments
• To benchmark players within the market using the proprietary Competitive Leadership
Mapping framework, which analyzes market players on various parameters within the broad
categories of business and product excellence
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This report categorizes the optometry equipment market into
the following segments and subsegments:
By Type
• Retina and Glaucoma Examination Products
• General Examination Products
• Autorefractors and Keratometers
• Opthalmic Ultrasound Systems
• Tonometers
• Slit Lamps
• Lensmeters
• Chart Projectors
By Application
• General Examination
• Cataract
• Glaucoma
• Age-related Macular Degeneration(AMD)
• Other Applications
By End User
• Clinics
• Hospitals
• Other End Users
The major players operating in this market are Carl Zeiss Meditec AG (Germany), Alcon
(Switzerland), EssilorLuxottica (France), Topcon Corporation (Japan), Bausch Health
Companies Inc. (Canada), NIDEK Co. Ltd. (Japan), Canon Inc. (Japan), Johnson and
Johnson (US), HEINE Optotechnik (Germany), Revenio Group PLC (Finland), Haag-Streit
Group (Switzerland) and Heidelberg Engineering (Germany), and Among others
Company Insights
In 2021, Carl Zeiss Meditec AG (Germany) held the leading position in the optometry equipment
market. Through it’s effective distribution network, the company has managed to keep its top
spot in the market such as North America, Europe, the Asia Pacific, Latin America, the Middle
East, and Africa. Carl Zeiss Meditec AG has a strong network of direct and indirect distribution
throughout the globe. As a result, the business is protected from variations in global demand as
well. The company adopts various growth tactics to maintain its position in this market. Carl
Zeiss Meditec AG focuses on strategies such as partnerships and acquisitions to garner a larger
market share. In 2022, the company acquired Kogent Surgical, LLC and Katalyst Surgical, LLC. (US)
to broaden it’s eye examination and surgical product portfolio.
In 2021, EssilorLuxottica (France) accounted for the second-largest share of the optometry
equipment market. Its strong position in this market can be credited to robust international sales
and distribution network, allowing it to successfully market its products in various countries.
Also, EssilorLuxottica has maximised its focus on R&D activities to develop distinct products than
its competitors. The company’s investments in R&D to enhance its investment portfolio and
capital allocation strategies to support its future expansion and ability to remain competitive in
the diagnostics segment. In addition, EssilorLuxottica’s strategies, which involve product
launches and acquisitions, aim to further strengthen its position in the optometry equipment
market. In June 2021, the company acquired Walman Optical (US), a leading lab partner to vision
care practices. This has helped the company significantly expand its product line and enhance its
visibility in the market.
Contact Us
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road, Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
[email protected]
Press release:
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exam-equipment.asp
Research insights:
https://www.marketsandmarkets.com/ResearchInsight/optometry-ey
e-exam-equipment-market.asp
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