Spot Vision Screener Market Growth in Future Scope 2021-2028 | Hillrom, Essilor International S.A., OCULUS Surgical, Inc.

Impact of COVID-19 epidemic

The virus has spread to over 100 countries around the world since the COVID-19 outbreak in December 2019, and the World Health Organization has declared it a public health emergency.

According to a study published by the World Health Organization, coronavirus disease (COVID-19) has infected over 29.6 million people worldwide as of September 2020. The global economy has been influenced by the COVID-19 pandemic in three ways: directly influencing production and demand, adversely impacting the supply chain and creating market instability, and financially impacting businesses and financial markets. Nationwide lockdowns in countries such as Spain, Italy, the U.S., the U.K., India, Australia, and others have hindered the medical health industry's growth.

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Furthermore, global spot vision screener device manufacturing firms face a major problem in the form of a serious economic recession and a fractured supply chain in the medical industry. In terms of supply and demand for medical supplies, the pandemic has had a negative effect on the medical healthcare industry. As a result, the growth of the global spot vision screener market is expected to be slowed down.

The global spot vision screener market has been affected by the downturn in pharmaceutical, biopharmaceutical, and biotech companies' manufacturing processes.

Browse 25 Market Data Tables and 21 Figures spread through 146 Pages and in-depth TOC on Global Spot Vision Screener Market, by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), by Indication Type (Myopia, Hyperopia, Astigmatism, Anisometropia, Strabismus, and Anisocoria), and By End user (Hospitals, Specialty Centers, and Others) - Forecast to 2027"

Furthermore, the global spot vision screener market is expected to rise due to growing prevalence of eye disorders and increased public awareness about eye health and safety. According to the World Health Organization (WHO), about 1.3 billion people worldwide suffer from vision deficiency on a yearly basis as of October 2018. Uncorrected refractive errors and cataracts, according to the same article, are the leading causes of vision deficiency worldwide. If the number of eye-related disorders rises, so does demand for vision-care products, propelling the global spot vision screener market forward.

Key Takeaways of the Global Spot Vision Screener Market:

Due to the high prevalence of eye disorders, the global spot vision screener market is projected to develop at a CAGR of 5.2% over the forecast period (2020-2027). For instance, the Government of India's Directorate General of Health Services initiated the National Program for Control of Blindness and Visual Disability (NPCB&VI) in 1976 with the aim of reducing blindness prevalence to 0.3% by 2020. According to a study conducted between 2015 and 2018, the estimated rate of blindness prevalence is 0.45%. The Indian government is aiming to reduce this rate to 0.3% by 2020.

Due to the high prevalence of myopia around the world, the myopia category is projected to hold a large market share in 2027.

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Spot Vision Screener Market – Competitive Landscape

Key players functioning in the global prosthetic liners market consists of Hillrom, Essilor International S.A., OCULUS Surgical, Inc., FIM Medical, Adaptica S.r.l., Honeywell International Inc., and Plusoptix Inc.

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