Optometry Equipment Market to Surpass $5.40 Billion by 2029

Redding California, February 25, 2024- Meticulous Research®, a leading global market research company, has released a comprehensive research report entitled '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.' This insightful report predicts the global optometry equipment market to reach a valuation of $5.40 billion by 2029, registering a notable Compound Annual Growth Rate (CAGR) of 4.0% throughout the forecast period.

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Key Factors Driving Market Growth
The report identifies several factors contributing to the market's robust growth, including the increasing prevalence of eye diseases and disorders, a rising geriatric population, the pervasive use of laptops and mobile phones leading to visual impairments, and the implementation of government initiatives and funding to enhance accessibility to eye care services.

Optometry Equipment Market Outlook
The global optometry equipment market is meticulously analyzed based on product types such as Retina & Glaucoma Examination Products, Keratometers, Autorefractors, Lensometers, Ophthalmic Ultrasound Systems, Digital Phoropters, Slit Lamps, Tonometers, Retinal Imaging Systems, General Examination Products, and Chart Projectors. The study also delves into applications, encompassing Cataract, Age-related Macular Degeneration, Glaucoma, Retinopathy, General Examination, and other applications. Furthermore, it explores end-user segments, including Hospitals, Clinics, and other end users.

Segmentation Insights
In 2022, the Retina & Glaucoma Examination Products segment is anticipated to dominate the market, driven by the high awareness of quality eye care and the need for early and accurate diagnosis of common eye diseases. The report also highlights the General Examination segment as the fastest-growing category, attributed to the global rise in the geriatric population and increasing incidents of eye diseases linked to digital device dependency.

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Geographical Analysis
The research report provides a detailed analysis of major geographies, including North America (U.S. and Canada), Europe (Germany, France, U.K., Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and the Middle East & Africa. North America, particularly the U.S., is projected to lead the optometry equipment market in 2022, boasting one of the most advanced healthcare systems globally.

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Key Players
Prominent players 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).

Mr. Khushal Bombe
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This release was published on openPR.