Global Eye Testing Equipment Market Analysis & Outlook 2030

In 2021, the global eye testing equipment market is valued at USD 6 billion. The compound annual growth rate during the forecast period 2022-2030 is expected to be 7%. The increasing demand for early and accurate detection of medical conditions, coupled with the emergence of advanced ophthalmic surgical equipment, is estimated to be one of the main trends stimulating market growth during the forecast period. It also complements the growth of the market.

The continuous expansion of the world’s elderly population has also played a vital role in the development of the market, because the elderly are more prone to eye-related problems. According to statistics released by the National Institutes of Health in 2017, approximately more than 2.4 million people over the age of 40 in the United States have cataracts in their eyes, and this number is expected to increase significantly during the forecast period. This shows the potential demand for ophthalmic treatments, which will drive market growth. In addition, the growth of the public and private healthcare sectors and the introduction of advanced eye care equipment are one of the main growth drivers of the market. market. In addition, the large unmet medical needs of emerging economies may stimulate the use of modern ophthalmic equipment.

 Product Information:
By product, the market is divided into coherent optical tomography (OCT) scanners, ophthalmic ultrasound imaging, corneal topography systems, slit lamps, tonometers, ophthalmoscopes, perimeter/field analyzers, fundus and automatic refraction Instrument and keratometer. Overseas Chinese Town accounted for the largest share of global market revenue in 2020. The increasing prevalence of glaucoma and dark spots is a key factor contributing to the dominance of market segments. According to data released by the National Institutes of Health, in 2017, approximately 2.7 million people in the United States aged 40 and over suffered from glaucoma. In addition, ophthalmic ultrasound imaging systems, slit lamps, and corneal topography systems are also expected to grow steadily. The demand for ophthalmic treatments continues to increase and will grow in the coming years. Other ophthalmic equipment includes a tonometer, ophthalmoscope, visual field/circumference analyzer, fundus camera, autorefractor and phoroptera.

 End-use information:
In terms of revenue in 2020, the hospital sector accounted for the largest share of the eye examination equipment market, as most eye surgeries were performed in these facilities. Statistics released by the National Bureau of Health Statistics show that in May 2015, approximately 48,229 corneal transplants were performed in the United States. And this number is increasing significantly year by year; however, the high cost of treatment in the outpatient department may delay the growth of the market segment during the prognosis period. Since treatment costs are cheaper than hospitals and there are more surgeons, the clinic department is expected to experience lucrative growth during the forecast period.

 Information about the market share of ophthalmic examination equipment:
This market is characterized by the presence of many small and large medical and surgical equipment manufacturing companies that provide ophthalmic treatment products. The market is inherently competitive. It is led by participants such as Carl Zeiss Meditec AG; Bausch & Lomb; and Johnson & Johnson Vision Care. Other important contributors to the market are Novartis, NIDEK Ltd., Canon and HEINE Optotechnik. Distribution agreements to increase your revenue share. For example, in April 2018, Nidek launched a new business unit in South Korea to expand its geographic influence. In addition, in August 2017, Zeiss acquired the cloud-based platform Veracity Innovations, LLC to improve the clinical efficiency of its cataract surgery-related products.

 Market segments covered by the report:
The report forecasts global, regional, and national revenue growth, and analyzes industry trends in each sub-segment from 2022-2030. For the purpose of this research, Kenneth Research has subdivided the global vision based on product, end-use, and regional examination equipment market report: Product Outlook (Revenue, USD million, 2022-2030) Optical Coherence Tomography (OCT) Scanner system ophthalmic ultrasound imaging ultrasound A-ophthalmology scan B- ultrasound scanning corneal topography system illuminator tonometer ophthalmoscope visual field analyzer / perimeter fundus camera autorefractor and corneal curvature meter (Phoroptera) Other end-use prospects (income , Millions of dollars, 2022-2030).
 

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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