Electronic Device Dependency Is Fueling The Surge In Vision Care Devices And Equipment Market: The Driving Engine Behind Vision Care Devices And Equipment Market Evolution in 2025

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Vision Care Devices And Equipment Market Size Growth Forecast: What to Expect by 2025?
In the past few years, there has been a swift expansion in the market size of vision care devices and equipment. This market is set to rise from $23.85 billion in 2024 and reach $26.62 billion in 2025, indicating a compound annual growth rate (CAGR) of 11.6%. Factors such as awareness towards eye health, a growing elderly population, fashion and aesthetics, and increased time spent in front of screens are responsible for the growth witnessed in the previous period.

How Will the Vision Care Devices And Equipment Market Size Evolve and Grow by 2029?
The market for vision care devices and equipment is predicted to experience swift expansion in the upcoming years, escalating to a valuation of $40.61 billion in 2029 with a compound annual growth rate (CAGR) of 11.1%. This growth in the predicted period is due to factors such as digital eye strain, an aging population, management of myopia, and the use of sustainable, eco-friendly products. Major trends expected during the forecast period include innovative technologies such as smart glasses, personalized and 3D-printed glasses, AI-powered eye tests and teleophthalmology.

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What Drivers Are Propelling the Growth of Vision Care Devices And Equipment Market Forward?
The escalating utilization of electronic gadgets persistently fuels the expansion of the vision care devices and equipment market. The amplified use of laptops, mobiles, PCs, and other electronic gadgets in daily life stands as the primary cause of eye-related issues. A study by Deloitte revealed that Americans collectively check their phones more than 8 billion times each day. Typically, each individual devotes approximately five hours per day surfing the internet and utilizing applications.

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Which Emerging Trends Are Transforming the Vision Care Devices And Equipment Market in 2025?
In an effort to attract a wider audience and increase revenue, key players in the vision care devices and equipment market are introducing innovative products such as myopia control lenses. These lenses are specialized corrective eyeglasses or contact lenses developed to reduce the progression of myopia (nearsightedness), particularly in children and teens. For example, in April 2023, HOYA Vision Care, a lens manufacturer from Thailand, introduced MiYOSMART Sun Spectacle Lenses that blend both myopia control and sun protection. The technology featured in these non-invasive MiYOSMART clear spectacle lenses has been determined to curb myopia growth in children aged from 8 to 13 by 60%. Furthermore, the company also created photochromic and polarized spectacle lenses, MiYOSMART Chameleon and MiYOSMART Sunbird, employing the Defocus Incorporated Multiple Segments (DIMS) technology to halt the progression of myopia in young individuals.

What Are the Key Segments in the Vision Care Devices And Equipment Market?
The vision care devices and equipment market covered in this report is segmented -

1) By Type: Intraocular Lens, Ophthalmic Lasers, Glaucoma Drainage Devices, Contact Lenses, Other Types
2) By Aplication: Vision Care, Diagnosis, Surgery
3) By End User: Hospitals, Ambulatory Surgery Centers, Optical Centers, Other End Users

Subsegments:
1) By Intraocular Lens (IOL): Monofocal IOLs, Multifocal IOLs, Toric IOLs, Accommodating IOLs, Phakic IOLs
2) By Ophthalmic Lasers: Excimer Lasers, Femtosecond Lasers, YAG Lasers, Diode Lasers, Argon Lasers
3) By Glaucoma Drainage Devices: Shunt Implants, Tube Drainage Implants, Cyclodestructive Procedures, Valved Drainage Devices
4) By Contact Lenses: Soft Contact Lenses, Rigid Gas Permeable Lenses, Toric Lenses, Scleral Lenses, Hybrid Contact Lenses
5) By Other Types: Retinal Implant Devices, Corneal Implants, Vision Correction Devices, Eye Examination Equipment

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Who Are the Key Players Shaping the Vision Care Devices And Equipment Market's Competitive Landscape?
Major companies operating in the vision care devices and equipment market include Essilor International, Johnson & Johnson, Carl Zeiss AG, The Cooper Companies, Novartis AG, Bausch & Lomb, Nidek Co.Ltd., Valeant Pharmaceuticals International Inc., Luxottica Group SpA, Escalon Services, Tomey Corporation, CIBA Vision Corporation, Visionix Ltd., Potec, LuxVisions Innovation Limited, Heine Optotechnik, Luneau Technology Operations SAS, Heidelberg Engineering Inc., Huvitz Technologies, STAAR Surgical Company, Swiss Advanced Vision, Visioneering Technologies Inc., Rayner Intraocular Lenses Limited, Jiangsu Hongchen Optical Co. Ltd., Alcon, Hoya Corporation, Topcon Corporation, Carl Zeiss Meditec AG, Lumenis Ltd., Ellex Medical Pty Ltd., Abbott Medical Optics, Canon Medical Systems, Haag-Streit AG, Optovue Inc., Quantel Medical SAS, VisionCare Devices LLC, Med-Logics Inc., Advanced Vision Science Inc., Eyenovia Inc., HumanOptics Holding AG, Clearside Biomedical Inc.

What Geographic Markets Are Powering Growth in the Vision Care Devices And Equipment Market?
North America was the largest region in global vision care devices and equipment market in 2024. Asia-Pacific was the second-largest region in the vision care devices and equipment market share. The regions covered in the vision care devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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