Press release
Emerging Trends to Drive Eye Testing Equipment Market Growth at 7.6% CAGR Through 2029
Eye Testing Equipment
Eye Testing Equipment Market Size Growth Forecast: What to Expect by 2025?
The market for eye testing equipment has experienced robust growth in the past few years. Its size is projected to increase from $3.27 billion in 2024 to $3.54 billion in 2025, marking a compound annual growth rate (CAGR) of 8.0%. Factors contributing to this growth in the historic period include an increase in vision disorders, an expanding elderly population, heightened awareness about the importance of eye health, government efforts promoting vision care, and a rise in healthcare spending.
How Will the Eye Testing Equipment Market Size Evolve and Grow by 2029?
Expectations are high for solid expansion in the eye testing equipment market, which is predicted to reach a value of $4.75 billion by 2029, demonstrating a compound annual growth rate (CAGR) of 7.6%. Factors contributing to this projected growth over the forecast period include a rise in the use of telemedicine, increased demand for portable and handheld devices, a growing number of diabetes-associated eye conditions, a heightened emphasis on preventative healthcare, and an expanding middle-class demographic. The forecast period is also expected to see several significant trends, such as the incorporation of artificial intelligence and machine learning into diagnostics, an elevated utilization of virtual reality in eye testing, increasing interest in personal eye care solutions, progress in advanced imaging technologies, and burgeoning partnerships between technology firms and medical service providers.
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What Drivers Are Propelling the Growth of Eye Testing Equipment Market Forward?
The upswing in eye-related health conditions is anticipated to stimulate the expansion of the eye-testing equipment market. These conditions encompass a variety of eye problems, including glaucoma, cataracts, macular degeneration, and refractive errors like myopia and hyperopia. Factors leading to a rise in patients with eye disorders include aging demographics, changes in lifestyle, environmental influences, and inadequate diagnostic capabilities, consequently causing a delay in detecting issues. Eyetesting devices are employed for early detection, precise diagnosis, and efficient monitoring of eye conditions such as glaucoma, cataracts, and macular degeneration. For example, the Centers for Disease Control and Prevention reported in January 2024 that over 3.4 million Americans aged 40 and above either experienced blindness or impaired vision, a figure projected to double by 2030. As such, the escalating incidence of eye-related disorders will catalyze the expansion of the eye-testing equipment market.
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Which Emerging Trends Are Transforming the Eye Testing Equipment Market in 2025?
Leading firms in the eye-testing equipment sector are innovating advanced eye-examination gadgets, such as portable AI fundus cameras, to boost diagnostic precision and optimize examination procedures. A portable fundus camera equipped with AI advancements is utilized to capture comprehensive eye images to aid in determining eye diseases. For example, Optomed USA, a medical tech firm based in the US, rolled out Optomed Aurora AEYE in May 2024. This handheld AI-integrated fundus camera is specially crafted to promptly identify diabetic retinopathy beyond mild stages, facilitating timely eye screenings in primary healthcare environments. The device makes the screening procedure easier with its intuitive design, requiring only a single image per eye and producing outcomes within 60 seconds.
What Are the Key Segments in the Eye Testing Equipment Market?
The eye testing equipment market covered in this report is segmented -
1) By Device: Slit Lamp, Biometer, Perimeter, Tonometer, Optical Coherence Tomography (OCT), Fundus Camera, Autorefractor And Keratometer, Other Devices
2) By Application: General Examination, Glaucoma, Cataract, Other Applications
3) By End User: Hospital, Eye Clinic, Optometry Academic Institute
Subsegments:
1) By Slit Lamp: Tabletop Slit Lamp, Handheld Slit Lamp, Digital Slit Lamp
2) By Biometer: Optical Biometer, Ultrasound Biometer
3) By Perimeter: Static Perimeter, Kinetic Perimeter
4) By Tonometer: Applanation Tonometer, Non-Contact Tonometer, Rebound Tonometer, Indentation Tonometer
5) By Optical Coherence Tomography (OCT): Spectral Domain OCT (SD-OCT), Swept-Source OCT (SS-OCT), Handheld OCT
6) By Fundus Camera: Mydriatic Fundus Camera, Non-Mydriatic Fundus Camera, Hybrid Fundus Camera
7) By Autorefractor And Keratometer: Standalone Autorefractor, Combined Autorefractor-Keratometer
8) By Other Devices: Phoropter, Retinoscope, Visual Field Analyzer, Corneal Topographer
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Who Are the Key Players Shaping the Eye Testing Equipment Market's Competitive Landscape?
Major companies operating in the eye testing equipment market are Johnson & Johnson, EssilorLuxottica SA, Shanghai Bolan Optical Electric Co. Ltd, Alcon Inc., Bausch Health Companies Inc, AMETEK Inc., Canon Medical Systems Inc., Heidelberg Engineering GmbH., Carl Zeiss Meditec AG, Halma plc, Topcon Corporation, Metall Zug AG, Takagi Seiko Co. Ltd., Nidek Co. Ltd, HEINE Optotechnik GmbH & Co. KG, Revenio Group PLC, Huvitz Co. Ltd., Coburn Technologies Inc., Luneau Technology Group, Kowa Company Ltd., Oculus Inc., Apollo Medical Optics Ltd., Tomey Corporation, Albert Waeschle Limited
What Geographic Markets Are Powering Growth in the Eye Testing Equipment Market?
North America was the largest region in the eye testing equipment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the eye testing equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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