Press release
Optometry Equipment Market Report 2024 - Key Insights & Industry Trends
Optometry Equipment Market Report
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=8809&type=smp
According to The Business Research Company's, The optometry equipment market size has grown strongly in recent years. It will grow from $3.42 billion in 2023 to $3.67 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to aging population and vision care needs, increasing prevalence of eye disorders, expanding access to eye care services, rising consumer awareness of eye health, global economic development, government initiatives supporting eye health.
The optometry equipment market size is expected to see strong growth in the next few years. It will grow to $4.86 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to advancements in teleoptometry and remote eye care, personalized vision correction solutions, rising importance of preventive eye care, global expansion of optometry services, increased collaboration with ophthalmology, growing demand for specialty lenses. Major trends in the forecast period include integration of artificial intelligence in diagnostics, focus on patient-friendly technologies, expansion of point-of-care testing, customization and personalization of vision correction, environmental sustainability in equipment design.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/optometry-equipment-global-market-report
Market Drivers and Trends:
Increase in the aging population is expected to propel the growth of the optometry equipment market going forward. The aging population refers to a demographic phenomenon characterized by a rising proportion of elderly individuals within a given population. It occurs when a significant portion of a population is composed of people who are in the later stages of their life, typically aged 65 and older. The utilization of optometry equipment plays a crucial role in addressing the unique vision needs of an aging population. As individuals age, they often encounter a higher prevalence of eye conditions such as presbyopia, cataracts, and age-related macular degeneration. With the demographic shift towards an aging population globally, the demand for optometry equipment is amplified, enabling eye care professionals to provide tailored and comprehensive solutions to enhance the visual health and overall well-being of elderly individuals. For instance, in 2023, according to an article published by the United Nations, a US-based intergovernmental organization, the number of people aged 65 years or older worldwide is projected to more than double, rising from 761 million in 2021 to 1.6 billion in 2050. Therefore, an increase in the aging population will drive the optometry equipment market.
Technological advancement is a key trend gaining popularity in the optometry equipment market. Major market players operating optometry equipment market are developing advanced technologies to sustain their position in the market. In December 2022, Vision Rx Lab., an India-based ophthalmic Rx lens manufacturer the novel Nova Ai lenses, an AI technology powered new generation progressive lenses. The wearer receives unfettered natural vision that is customized to their style of looking, with a visual solution provided with complete data and the utmost meticulousness possible with 'Metamorph technology' for a truly individualized visual experience. The advanced Binocular Balancing System balances and minimizes the blurriness on both sides of the corridor. Maxi View Technology offers a wide amount of natural vision, and Bespoke Visual Fields which is achieved through Ocular Dynamic. With these technological developments the lens is a breakthrough in progressive lens technology which people can count on.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Carl Zeiss Meditec AG, Abbott Laboratories, Alcon Inc., AMETEK Inc., Associated Regional and University Pathologists Inc., Bausch Health Companies Inc., Essilor International SA, F. Hoffmann-La Roche AG, HEINE Optotechnik GmbH & Co. KG, Johnson & Johnson, Nidec Corporation, Novartis AG, Oculus Inc., Revenio Group plc, Topcon Medical Systems Inc., Ziemer Ophthalmic Systems AG, Kowa American Corporation, Neitz Instruments Co. Ltd., Huvitz Co. Ltd., Shin Nippon Machinery Co. Ltd., Takagi Ophthalmic Instruments Europe Ltd., Medmont International Pty Ltd., Tomey Corporation, US Ophthalmic, Keeler Ltd., Canon Inc., Hoya Corporation, Heidelberg Engineering GmbH, Halma plc, Welch Allyn Inc., Arthrex Inc., Stryker Corporation, Burton Medical Products Corp., Marco Ophthalmic Inc., Avantgarde Medical Inc., Shanghai Optics Inc., Sutter Instrument Company, PSM Industries Inc., Radiant Vision Systems LLC, Optical Instruments Inc., Fiber Optic Products Inc.
Optometry Equipment Market 2024 Key Insights:
• The optometry equipment market size is expected to see strong growth in the next few years. It will grow to $4.86 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%.
• Navigating The Surge In Optometry Equipment Demand Driven By Rising Eye Disease Prevalence
• Vision Rx Lab's Technological Leap With Nova Ai Lenses In The Optometry Equipment Landscape
• North America was the largest region in the optometry equipment market share in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=8809&type=smp
Contact us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Latest Trending Press Releases: https://www.thebusinessresearchcompany.com/press-release.aspx
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Optometry Equipment Market Report 2024 - Key Insights & Industry Trends here
News-ID: 3743245 • Views: …
More Releases from The Business research company
Surgical Meshes Market Landscape to 2034: Key Forces Shaping the Next Decade of …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Surgical Meshes Market Size By 2025?
In the past few years, the market size of surgical meshes has seen significant growth. It is projected to expand from $2.03 billion in 2024 to $2.18 billion in 2025, indicating a Compound Annual Growth Rate (CAGR) of 7.3%.…
Rehabilitation Equipment Market Poised to Hit $23.97 Billion by 2029 with Accele …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Rehabilitation Equipment Market Size Growth Forecast: What to Expect by 2025?
In recent times, there has been a significant growth in the size of the rehabilitation equipment market. Projected to increase from $17.36 billion in 2024, it is expected to reach $18.49 billion in 2025, with a compound annual…
Future of the Pediatric Neurology Device Market: Strategic Analysis and Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Pediatric Neurology Device Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for pediatric neurology devices has seen significant expansion in recent years, climbing from $2.5 billion in 2024 to an anticipated $2.65 billion in 2025, reflecting a compound annual growth rate (CAGR)…
Key Trends Influencing the Growth of the Orthokeratology Lens Market in 2025: In …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Orthokeratology Lens Market Through 2025?
The market for orthokeratology lenses has seen a significant increase in size over recent years. It's projected to expand from $2.56 billion in 2024 to $2.75 billion in 2025, with a compound annual growth rate (CAGR) of…
More Releases for Optometry
Navigating The Surge In Optometry Equipment Demand Driven By Rising Eye Disease …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Optometry Equipment Market Size Growth Forecast: What to Expect by 2025?
In recent times, the optometry equipment market has shown robust growth. Projected growth indicates an increase from $3.58 billion in 2024 to $3.79 billion in 2025, with a compound annual growth rate (CAGR) of 6.0%. The considerable growth…
Valley Optometry Eyecare Provides Breakthrough Keratoconus Therapy
Image: https://www.globalnewslines.com/uploads/2025/05/1748342525.jpg
Valley Optometry Eyecare stands at the forefront of advanced eye care for Southern California residents. The practice operates from its central location with modern equipment and highly trained staff ready to tackle complex vision problems. Eye health specialists at this established center work tirelessly to address conditions many patients fear might permanently affect their sight. Valley Optometry Eyecare has earned trust within the community through consistent results and attention…
Key Influencer in the Optometry Equipment Market 2025: Navigating The Surge In O …
What market dynamics are playing a key role in accelerating the growth of the optometry equipment market?
The rise in eye diseases is propelling the expansion of the optometry equipment market. Eye diseases encompass diseases or disorders that impact the human eye. The extensive occurrence of such diseases necessitates the utilization of optometry equipment to objectively identify refractive errors and to examine the inside of the eye. This equipment is utilized…
Key Influencer in the Optometry Equipment Market 2025: Navigating The Surge In O …
What market dynamics are playing a key role in accelerating the growth of the optometry equipment market?
The rise in eye diseases is propelling the expansion of the optometry equipment market. Eye diseases encompass diseases or disorders that impact the human eye. The extensive occurrence of such diseases necessitates the utilization of optometry equipment to objectively identify refractive errors and to examine the inside of the eye. This equipment is utilized…
Optometry Equipment Market Worth $6.1 billion | MarketsandMarkets™
Optometry Equipment Market in terms of revenue was estimated to be worth $4.5 billion in 2024 and is poised to reach $6.1 billion by 2029, growing at a CAGR of 6.4% from 2024 to 2029 according to a new report by MarketsandMarkets™. The principal drivers propelling the expansion of this market are the growing prevalence of eye illnesses, advancements in ophthalmic device technology, expanding government initiatives aimed at preventing visual…
Optometry Devices Market Size 2024 to 2031.
Market Overview and Report Coverage
The Optometry Devices Market refers to the global industry that produces equipment and devices used by optometrists for the diagnosis, treatment, and management of eye disorders and diseases. These devices include ophthalmoscopes, autorefractors, slit lamps, lensometers, optical coherence tomography (OCT) machines, and others.
The future outlook of the Optometry Devices Market is optimistic, with a projected growth at a CAGR of 8.00% during the forecasted…
