Vision Screening and Diagnostics Market Size to Reach USD 760.5 Million in 2032| Industry Compound Annual Growth Rate of 3.4%

The global vision screening and diagnostics market size was USD 541.8 Million in 2022 and is expected to register a revenue CAGR of 3.4% during the forecast period, according to latest analysis by Emergen Research. Increase in prevalence of eye related disorders is a key factor driving market revenue growth. According to the Center of Disease Control and Prevention (CDC), in the United States, around 12 million individuals aged 40 and above experience vision impairment. This includes 1 million with blindness, 3 million with visual impairment even after correction, and 8 million with vision impairment due to untreated refractive errors. In addition, according to the National Institute for Occupational Safety and Health (NIOSH), approximately 2,000 American workers sustain work-related eye injuries requiring medical attention each day.

The Vision Screening and Diagnostics market research report is broadly bifurcated in terms of product type, application spectrum, end-user landscape, and competitive backdrop, which would help readers gain more impactful insights into the different aspects of the market. Under the competitive outlook, the report's authors have analyzed the financial standing of the leading companies operating across this industry. The gross profits, revenue shares, sales volume, manufacturing costs, and the individual growth rates of these companies have also been ascertained in this section. Our team has accurately predicted the future market scope of the new entrants and established competitors using several analytical tools, such as Porter's Five Forces Analysis, SWOT analysis, and investment assessment.

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Competitive Landscape

The report presents a holistic investigation of the Vision Screening and Diagnostics business mechanism and growth-oriented approaches undertaken by the leading companies operating in this market. The report highlights the numerous strategic initiatives, such as new business deals and collaborations, mergers & acquisitions, joint ventures, product launches, and technological upgradation, implemented by the leading market contenders to set a firm foot in the market. Hence, this section is inclusive of the company profiles of the key players, total revenue accumulation, product sales, profit margins, product pricing, sales & distribution channels, and industry analysis.

Leading Players Profiled in the Report Include:

Hill-Rom Holdings, Inc., FIM Medical, Oculus, Inc., Plusoptix GmbH, Stereo Optical Company Inc., Adaptica, Titmus, LLC, Amplivox ltd, Takagi Ophthalmic Instruments Europe Ltd, Keystone View, Essilor Instruments USA, and Depisteo

Some Key Highlights From the Report

Portable/handheld vision screeners segment accounted for significant revenue share in the global vision screening and diagnostics market in 2022. Portable and handheld vision screeners are user-friendly vision screening devices suitable for easy use within a facility. Compact and handheld vision screening tools are user-friendly devices designed for convenient usage within a facility. Popularity of these products is expected to increase in the future owing to user-friendliness feature of these screeners and minimal training needed for users.

Vision screening tests segment is expected to account for largest revenue share during the forecast period. Vision screening tests are designed to identify potential vision problems such as refractive errors, amblyopia, strabismus, and early signs of eye conditions. Vision screening tests are often the first step in identifying visual conditions, and individuals failing these screenings may be referred for comprehensive eye examinations by eye care professionals.

Vision screening and diagnostics market in North America is expected to account for largest revenue share over the forecast period. Increase in prevalence of eye related disorders such as diabetic retinopathy and vision impairment in the region is driving revenue growth of the market in this region. In addition, awareness towards eyecare and government regulations pertaining to vision screening also contributes to region's rapid market growth.

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Emergen Research has segmented the global vision screening and diagnostics market on the basis of product, technology, application, end-use, and region:

Product Outlook (Revenue, USD Million; 2019-2032)

Table-top Vision Screeners

Portable/Handheld Vision Screeners

Vision Screening Software

Technology Outlook (Revenue, USD Million; 2019-2032)

Digital Vision Screeners

Computer Based Vision Screeners

Application Outlook (Revenue, USD Million; 2019-2032)

Vision Screening Tests

Color Vision Test

Binocular Testing

Others

End-Use Outlook (Revenue, USD Million; 2019-2032)

Hospitals

Homecare Settings

Specialized Clinics

Rehabilitation Centers

Ambulatory Surgical Centers

The global Vision Screening and Diagnostics market is classified into the following regions:

North America (the U.S., Canada)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Europe (the U.K., Italy, Germany, France, Rest of EU)

Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

The Middle East & Africa (Saudi Arabia, the U.A.E., South Africa, Rest of MEA)

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Key Points Covered in This Section:

Regional contribution

Estimated revenue generation

Vital data and information about the consumption rate in all the leading regional segments

An expected rise in market share

Forecast growth in the overall consumption rate

Report Highlights:

Besides offering a vivid depiction of the global Vision Screening and Diagnostics business sphere and its fundamental operations, the latest report provides the industrial chain analysis and list down the current and future market trends and growth opportunities.

The report includes information on the present and historical market scenarios, which helps forecast the market conditions over the next eight years (2020-2027).

The report scrutinizes the salient factors influencing the growth of the market in the near future.

The strategic marketing recommendations, crucial information related to the new market entrants, and expansion plans of various businesses are poised to provide the reader with a competitive edge in the market.

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Read More Related Report

Vision Screening and Diagnostics Market Size @ https://www.emergenresearch.com/industry-report/vision-screening-and-diagnostics-market/market-size

Vision Screening and Diagnostics Market Share @ https://www.emergenresearch.com/industry-report/vision-screening-and-diagnostics-market/market-share

Vision Screening and Diagnostics Market Trends @ https://www.emergenresearch.com/industry-report/vision-screening-and-diagnostics-market/market-trends

Vision Screening and Diagnostics Regional Market Demand @ https://www.emergenresearch.com/industry-report/vision-screening-and-diagnostics-market/regional-market-demand

Vision Screening and Diagnostics Market Analysis @ https://www.emergenresearch.com/industry-report/vision-screening-and-diagnostics-market/market-analysis

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