Eye Testing Equipment Market To Reach Over USD 5,246 Million by 2030 | CAGR 7%

The total value of the eye testing equipment market was over $2,852 million in 2021, and will reach over $5,246 million by 2030, advancing at rate of 7% in the near future. This is because of the increasing occurrence of disorders related to eye, growing requirement for eye examination and treatment in developed countries, and progression in the technology of ophthalmic diagnostics.

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The autorefractor and phoropter category had over 30% share in the industry in the past. This is because of the increasing frequency of myopia in adults and children, driving the demand for eyeglasses and the eye examination.

Optical coherence tomography devices will witness the fastest growth in the near future, as OCT is a non-invasive imaging method used for conducting an optical biopsy. Moreover, the method is more advantageous than conventional ones, and the device which is used for it is portable and compact.

Glaucoma will observe the fastest growth, at a rate of 8% in the near future, as this is extremely prevalent. In the recent past, around 78 million people had glaucoma, and the count of the same will be around 110 million by 2040.

APAC followed North America in the past, and it will grow at a healthy rate in the future. The main reason for this will be the increasing count of people with vision loss, posing a momentous challenge to eye care service providers, encouraging them for the procurement of advanced diagnosis equipment. In essence, the growing frequency of moderate-to-severe visual impairment and myopia is driving the industry.

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It is because of the advancements in ophthalmic diagnostics, and the increasing number of people suffering from eye disorders, that the demand for eye testing equipment will increase even further in the years to come.

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This release was published on openPR.