Optometry Equipment Market Key Challenges and Growth Analysis 2022
The global optometry equipment market size was valued at USD 2.52 billion in 2021 and is poised to grow at a significant CAGR of 6.2% during the forecast period 2022-28. Optometry equipment is used to diagnose and treat abnormalities and deformities of the eye and visual system. Optometrists are medical specialists who use Optometry Equipment to treat and diagnose vision problems. This equipment is used to inspect the cornea and cataracts, as well as glaucoma and retina, as well as other general examinations. Visual field analyzers, retinoscopes, fundus cameras, autorefractors, and other optometry equipment are included. This device is utilised to provide the public with efficient and high-quality eye care. It has a wide range of applications in hospitals and clinics.
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One of the major elements driving the rise and demand of optometry/eye exam equipment is the fast expanding government programme to combat visual impairment. In addition, rising healthcare expenditures around the world and an increase in the incidence of eye illnesses are expected to propel the global market forward from 2021 to 2028. In addition, the rising prevalence of ocular illnesses, including glaucoma, diabetic retinopathy, and AMD, is boosting market growth. Similarly, the rising demand for early and precise identification of medical disorders, as well as the launch of new surgical ophthalmic equipment, are expected to boost market expansion throughout the forecast period.
The global optometry equipment market segmentation:
1) By Type: Therapeutics and Eye Care Equipment
2) By Distribution Channel: Hospitals, Ophthalmic Clinics, Retail Ophthalmic Stores, Online Pharmacies.
Increased incidence rates of eye disorders and the rising number of elderly people, as well as a well-developed healthcare infrastructure and the presence of important market players in the region, are some of the factors driving market expansion in the North American region. North America dominated the market, with Europe and Asia Pacific following closely behind. The highly developed healthcare system, growing geriatric population, rising prevalence of ocular diseases, availability of technically advanced eye examination equipment, increased adoption of ophthalmology treatments as well as surgeries, and the presence of key players are the main reasons for North America's large share of the global eye exam equipment market.
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Some of the major key players in the Optometry Equipment Market are Novartis AG (Switzerland) Carl Zeiss Meditech AG (Germany) Essilor International S.A. (France) Opcon Corporation (Japan), Johnson and Johnson (U.S.) NIDEK Co., Ltd. (Japan) STAAR Surgical Company (U.S.)
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