Optometry Equipment Market to Surpass $5.40 Billion by 2029

Redding, California January 24,2024 - Meticulous Research®, a leading global market research company, is pleased to announce the release of its comprehensive research report, 'Optometry Equipment Market by Product (OCT Scan, Perimeter, Fundus Camera, Retinoscope, Keratometer, Ophthalmic Ultrasound, Tonometer, Slit Lamp, Chart Projector), Application (Cataract, Glaucoma, AMD), End User (Clinic, Hospital)-Global Forecast to 2029.' Published in November 2022, this report unveils the evolution of the global optometry equipment market, projecting a substantial valuation of $5.40 billion by 2029, with a robust Compound Annual Growth Rate (CAGR) of 4.0% during the forecast period.

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According to Meticulous Research®, the ascending trajectory of the optometry equipment market is driven by a myriad of factors, including the escalating prevalence of eye diseases and disorders, a burgeoning geriatric population, the pervasive use of laptops and mobile phones leading to visual impairments, and the increasing impetus from government initiatives and funding aimed at enhancing access to eye care services.

Optometry Equipment Market: A Glimpse into the Future
The global optometry equipment market is meticulously segmented by Product Type (Retina & Glaucoma Examination Products, Keratometers, Autorefractors, Lensometers, Ophthalmic Ultrasound Systems & Digital Phoropters, Slit Lamps, Tonometers, Retinal Imaging Systems, General Examination Products, Chart Projectors), Application (Cataract, Age-related Macular Degeneration, Glaucoma, Retinopathy, General Examination, Other Applications), End User (Hospitals, Clinics, Other End Users), and Geography. The study provides an in-depth analysis of industry competitors and scrutinizes their market shares at both country and regional levels.

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Key Highlights from the Report:
• In 2022, the retina & glaucoma examination products segment is poised to command the largest market share, driven by high penetration attributed to the increased awareness of high-quality eye care and early and accurate diagnosis of prevalent eye diseases such as macular degeneration, glaucoma, and diabetic retinopathy.

• The general examination segment is projected to witness the fastest growth rate over the forecast period. This growth is fueled by the global rise in the geriatric population and an increasing incidence of eye diseases, primarily stemming from the dependency on digital devices such as laptops and mobile phones. General eye examinations play a crucial role in early detection and effective treatment.

• The clinics segment is expected to dominate the market in 2022, driven by factors such as the prevalence of private clinics in developed countries, patient preferences for ophthalmic clinics for diagnostics and treatment, and the efficiency of timely appointments at these clinics.

Geographical Trends:
• North America is anticipated to hold the largest share of the optometry equipment market in 2022, with the U.S. spearheading the region. The U.S. boasts one of the most advanced healthcare systems globally, with key factors such as the availability of reimbursement policies, supportive initiatives for enhancing access to eye care services, and a high level of awareness contributing to the market's substantial share.

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Key Players:
Key players operating in the global optometry equipment market include NIDEK CO. LTD. (Japan), Carl Zeiss Meditec AG (Germany), Alcon (U.S.), Heidelberg Engineering GmbH (Germany), Johnson & Johnson (U.S.), Canon, Inc. (Japan), Bausch Health Companies Inc. (Canada), Escalon Medical Corp (U.S.), Topcon Healthcare Solutions, Inc. (U.S.), and HEINE Optotechnik GmbH & Co. KG (Germany).
Meticulous Research® remains committed to delivering profound market insights, empowering organizations to make informed decisions in a dynamic business landscape.

Mr. Khushal Bombe
Meticulous Market Research Inc.
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This release was published on openPR.