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Optometry Equipment Market Expected to Deliver Dynamic Progression until 2026 || Market Participants- Carl Zeiss, Haag-Streit, Topcon, Nidek, Heidelberg Engineering, Novartis, Valeant, Canon, Essilor, Heine Optotechnik, Luneau Technology, and Escalon

11-23-2018 11:13 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fact.MR

Fact.MR

Fact.MR

Optometry Equipment is used to diagnose and monitor vision or eyesight, ophthalmic diseases. Advancements in treatments and increasing access to advanced eye care in the emerging nations are some of the reasons driving the growth of optometry equipment market. There has been a widespread adoption of sophisticated optometry equipment with rapid advances in technologies. Manufacturers of optometry equipment are focusing on developing advanced equipment to improve detection of glaucoma. Increase in chronic eye diseases is also resulting in the research and development of new optometry equipment. Increasing number of optometrists are adopting state-of-the-art equipment for getting access to the visual function of an eye in order to enhance detection of eye disease.

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OCT Scanners- Top-Selling Optometry Equipment

Compared to the various optometry equipment, OCT scanners are expected to emerge as one of the top-selling optometry equipment. OTC scanners are expected to reach close to US$ 700 million revenue by the end of 2026. OCT imaging systems are being used on a large scale for retinal imaging and analysis. It provides highly detailed images of the retina and optic nerve. OCT is also very essential in measuring the changes in eyes in both pre and post-operation for cataract patients. Manufacturers are also focusing on adding advanced features in OCT scanners. Manufacturers are also building DICOM compatible OCT scanners to remotely access images and data regardless of the location.  

Hospitals to Emerge as the Largest Users of Optometry Equipment

Hospitals are likely to emerge as the largest users of optometry equipment between 2017 and 2026. Accounting for nearly half of the revenue share, hospitals are projected to reach nearly US$ 1,500 million revenue by 2026 end. The challenging healthcare environment is resulting in the increasing use of various advanced optometry equipment to provide better eye care. With the increase in various eye diseases, the government of various countries are taking initiatives by establishing eye hospitals. Hence, this is resulting in the growing demand for optometry equipment at hospitals. Various hospitals are also focusing on developing maintenance department to ensure care and maintenance of optometry equipment.

North America to Remain Dominant in the Global Optometry Equipment Market

Better access to advanced eye care, increasing number of ophthalmic procedures are some of the factors driving the optometry equipment market in the U.S. Moreover, technological advancements are also leading to the development of cutting-edge optometry equipment in North America. Meanwhile, the demand for optometry equipment is also expected to witness significant growth in countries like India and China.  Due to the development of advanced eye care services, and initiatives by the government to provide better eye care facilities in the rural areas, APEJ is likely to witness growth in the coming years.    

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Competition Tracking

The report also profiles companies that are expected to remain active in the expansion of global optometry equipment market through 2026, which include Carl Zeiss, Haag-Streit, Topcon, Nidek, Heidelberg Engineering, Novartis, Valeant, Canon, Essilor, Heine Optotechnik, Luneau Technology, and Escalon.

Sales to Remain High Through Clinics

With the increasing prevalence of eye disorders, growing need to conduct non-invasive imaging tests has led to surge in demand for the OCT (optical coherence tomography) scanners continue to remain high. In terms of revenue, the OCT scanners product type segment is expected to represent the highest growth, accounting for more than US$ 270 Mn by 2026-end. In contrary, the corneal topography systems product type segment is projected to reflect a significant CAGR throughout the forecast period.

On the basis of end users, the clinics segment is projected to generate significant revenues, recording more than US$ 300 Mn by 2017-end. On the other hand, the other end users segment is projected to represent the fastest growth in the global optometry equipment market during the forecast period.

Table of Content:

Global Outlook
Global Optometric Equipment Market - Executive Summary
Global Optometric Equipment Market Overview
3.1. Introduction
     3.1.1. Global Optometric Equipment Market Taxonomy
     3.1.2. Global Optometric Equipment Market Definition
3.2. Global Optometric Equipment Market Size (US$ Mn) and Forecast, 2012-2026
       3.2.1. Global Optometric Equipment Market Y-o-Y Growth
3.3. Global Optometric Equipment Market Dynamics
3.4. Supply Chain
3.5. Cost Structure
3.6. Parent Market Overview
3.7. Reimbursement Scenario in Optometric Equipment Market
3.8. Technology Roadmap
3.9. Pricing Analysis
3.10. Patent Analysis
3.11. Key Regulations
3.12. List of Optometric Equipment Manufacturers, by Region
3.13. PESTL Analysis
3.14. Product Lifecycle
3.15. Key Participants Market Presence (Intensity Map) By Region
Global Optometric Equipment Market Analysis and Forecast 2012-2026 
4.1. Global Optometric Equipment Market Size and Forecast By Product Type, 2012-2026
     4.1.1. OCT Scanners Market Size and Forecast, 2012-2026
              4.1.1.1. Revenue (US$ Mn) & Volume ('000) Comparison, By Region
                4.1.1.2. Market Share Comparison, By Region
                4.1.1.3. Y-o-Y growth Comparison, By Region
Continued……………..

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About FactMR
FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market Insights reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

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