Optometry Devices Market Size, Share & Trends Analysis Report by Technology, By Product, By Application, And Segment Forecasts, 2022 - 2027

The Optometry Devices Market 2022 report provides the overall structure and business outlook of the global and regional industries. The study also involves the important Achievements of the market, Research & Development, new product launch, product responses and regional growth of the leading competitors operating in the market on a global and local scale. This study provides information about the growth and revenue during the historic and forecasted period of 2022 to 2027. The structured analysis contains graphical as well as a diagrammatic representation of the global Optometry Devices Market with its specific geographical regions.

The Global Optometry Devices Market Size is Projected to Reach at a CAGR of 6% during 2022-2027.

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Market Overview

In the initial days of the COVID-19 pandemic, several countries were in lockdown. They suspended trade with other countries and implemented travel restrictions, leading to the decline in eye diagnosis in the first half of 2020. According to the study published in the British Journal of Surgery, in May 2020, based on 12 weeks of peak disruption to hospital services due to COVID-19, around 28.4 million elective surgeries worldwide were canceled or postponed in 2020. Furthermore, according to a research study by Ping Wu et al., published in JAMA Ophthalmology May 2020, about 31.6% of patients with COVID-19 have ocular abnormalities, with most among patients with severe systemic manifestations or abnormal findings on blood tests. 

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendors/manufacturers in the market. The key manufacturers covered in this report:

Topcon, Heidelberg Engineering, Novartis, Luneau Technology, Escalon, Heine Optotechnik, Haag-Streit, Essilor, Valeant, Carl Zeiss, Canon, Nidek

Recent Developments

In January 2021, HAAG-STREIT Diagnostics launched Lenstar Myopia, a solution for the increasing demand for myopia management. The solution consists of HAAG-STREIT's well-established Lenstar 900 optical biometer and the corresponding EyeSuite software called EyeSuite Myopia. The Lenstar 900 also performs keratometry to make accurate predictions about the onset and progression of myopia.
In December 2020, RetinAI Medical AG collaborated with Novartis Pharma AG, which entails RetinAI's artificial intelligence tools to be deployed for supporting various projects in ophthalmology and digital health.

Segmentation by type:

Retina and Glaucoma Examination Products
General Examination Products
Cornea and Cataract Examination Products

Segmentation by application:

Clinics
Hospitals
Other End Users

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North America Dominates the Optometry Equipment Market and Excepted to do Same in the Forecast Period

Some of the factors driving the market growth in the North American region include increasing incidence rates of eye diseases and the rising number of aged population, highly developed healthcare infrastructure, and presence of key market players in the region. As per the Centers for Disease Control and Prevention and the American Academy of Ophthalmology, it is estimated that there was a nearly 80% initial decrease in ophthalmology visits and that as of mid-June 2020, there was still a cumulative decrease in ophthalmology visits of 40% in the United States. Moreover, with the decreasing cases of COVID-19, providing screening services for patients with cataracts and other eye diseases only if measures, such as social distancing, hand hygiene, and personal protective are followed. Remote consultations by the NGOs in vision centers are also encouraging.

The regions are further sub-divided into:

North America - US, Canada, and Mexico
Europe - UK, Germany, France, Italy, Russia, Spain & Rest of Europe
Asia-Pacific - China, India, Japan, South Korea, Australia & Rest of APAC
Latin America - Brazil, Argentina, Peru, Chile & Rest of Latin America
The Middle East and Africa - Saudi Arabia, UAE, Israel, South Africa

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Highlights of the Optometry Devices Market Report:

Detailed overview of Optometry Devices Market
Changing the Optometry Devices market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected Optometry Devices market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Optometry Devices Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.

Finally, the Optometry Devices Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, market development rate and figure, and so on. Optometry Devices industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.

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Also, Research Report Examines:

Competitive companies and manufacturers in the global market
By Product Type, Applications & Growth Factors
Industry Status and Outlook for Major Applications / End Users / Usage Area

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