The global eye testing equipment market was valued at $2.7 billion in 2021 and is expected to reach $4.1 billion by 2027, growing at a CAGR of 7.2% during the forecasted period.

According to Arizton's latest research report, the eye testing equipment market will reach at a CAGR of 7.2% during 2022-2027. The rising prevalence of cataract, increasing cataract surgeries, and the growing need for follow-up after cataract surgeries is driving the growth of the cataract market. Globally, more than 500 million cataract procedures were performed from 1995 to 2021. Around 130 million living people have benefitted from the cataract surgery procedure.

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Eye testing equipment is in demand due to the increasing availability of eye care services and raising awareness. The increasing demand for eye examination and treatment in developed countries is propelling market growth. The rising demand for eye examinations due to severe conditions associated with the eyes is boosting the demand for eye testing equipment.

Increasing Government Programs and Eye Care Delivery Initiatives

The prevalence rate of eye diseases is increasing continuously due to rising digital screen use and the increasing adoption of smartphones. Farsightedness, cataract, and glaucoma are the major three eye diseases that demand a doctor's examination. Several governments in recent years have taken initiatives to reduce the burden of these diseases, thereby fueling the demand for eye equipment. Factors such as the increasing prevalence of eye disorders, the rising burden of eye care in developed and developing countries, and increasing awareness are expected to turn into growth opportunities in the coming years.

Key Highlights

Autorefractor ad phoropter is the two highly used eye testing equipment that shows dominance over other eye testing equipment with more than 30% market share.

Cataract is a highly prevalent eye condition across the world which drives the high demand for eye testing equipment and contribute to higher market growth by accounting largest market share over the other eye conditions in the application segment.

Glaucoma is one of the fast-growing applications with a 9.19% CAGR, which is largely driving the demand for advanced eye testing equipment in the market.

In 2021, hospitals & eye clinics stand in the first position in the end-user segment accounting for more than 55% market share in the eye testing equipment market and it is expected to dominate in the forecasted period as well.

North America is the leading and potential market for eye testing equipment due to high expenditure, presence of well-established eye care services, and awareness among the ageing population, However APAC region has the fastest CAGR with shows the lucrative opportunities for eye testing equipment due to rising prevalence of eye disorders such as diabetic retinopathy, glaucoma, and cataract.

Key Offerings:   

Market Size & Forecast by Revenue | 2021-2027 

Market Dynamics - Leading trends, growth drivers, restraints, and investment opportunities  

Market Segmentation - A detailed analysis of test equipment, application, end-user, and geography

Competitive Landscape - 6 key vendors and 39 other prominent vendors  

Market Segmentation

Test Equipment

Autorefractor & Phoropter

Optical Coherence Tomography

Fundus Camera

Perimetry

Tonometer

Biometer

Slit lamp

Others

Application

Cataract

General Examination

Glaucoma

Age-Related Macular Degeneration

Others

End-Users

Hospitals & Eye Clinics

Ambulatory Surgical Centers (ASC)

xOptometry Academic Institutes

Geography

North America

US

Canada

Europe

Germany

France

UK

Italy

Spain

APAC

China

India

Japan

Australia

South Korea

Latin America

Brazil

Mexico

Argentina

Middle East & Africa

South Africa

Saudi Arabia

Turkey

Key Vendors

Carl Zeiss Meditec

Takagi Seiko

Metall Zug

Topcon

Nidek

Canon Medical System Corporation

Other Prominent Vendors

Apollo Medical Optics

Albert Waeschle

AMETEK Group

Heidelberg Engineering

Shanghai Bolan Optical Electric

Bon Optic

iCare

Coburn Technologies

COSTRUZIONE STRUMETI OFTALMICI-(CSO)

Dino Lite Europe

Ellex

Escalon Medical

Essilor International

Huvitz

Heine USA Ltd

Iridex Corporation

Invotech Excel Fzsco

Keeler (Halma PLC)

Kowa Company

Medline Industries

Luneau Technology Group

Neitz Instruments Co Ltd.

Suzhou Kangjie Medical Inc

Spengler Holtex Group

OCULUS

Oscar Boscarol S.r.l.

Nikon (Healthcare)

Gem Optical Instruments Industries

Rexxam

Rudolf Riester GmbH

66 Vision Tech

Veatch

Zumax Medical

Yeasn

Frey

US Ophthalmic

Welch Allyn

Zhejiang Honsun Medical Technologies Co. Ltd

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