Global Optometry Equipment Market to Surpass US$ 6,375.2 Million by 2030, Says Coherent Market Insights (CMI)

Pune, INDIA


Seattle, Aug. 03, 2022 (GLOBE NEWSWIRE) -- According to Coherent Market Insights, the global optometry equipment market is estimated to be valued at US$ 4,062.1 million in 2022 and is expected to exhibit a CAGR of 5.8% during the forecast period (2022-2030).

Key Trends and Analysis of the Global Optometry Equipment Market:

Major players operating in the market are focusing on adopting growth strategies such as merger and acquisition which is expected to drive the market growth over the forecast period. For instance, in April 2020, VRmagic, manufacturer of virtual reality simulators for medical training, announced rebranding of its simulator branch to Haag-Streit Simulation, a leading provider of virtually simulators for training of ophthalmologists, optometrists, and medical students, VRmagic joined the Swiss-based Haag-Streit Group in 2020. This entrepreneurial partnership aims at realizing synergies in product development and marketing and further enhances this corporate partnership for customers and partners.

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Key Market Takeaways:

The global optometry equipment market is expected to exhibit a CAGR of 5.8% during the forecast period due to increasing prevalence of vision disorders. For instance, In Feb 2021, according to NVISION , in the U.S. alone, about 12 million people age 40 and above suffer from vision impairment, with about a million suffering from blindness.

Among product type, retinoscopes segment is expected to hold a dominant position over the forecast period, owing to increasing prevalence of vision disorders such as hyperopia, myopia, presbyopia, and astigmatism, a growing geriatric population, and the emergence of online and retail stores offering vision correction tools to patients with ametropia will drive the growth of the segment

On the basis of end user, eye specialty clinics segment is expected to hold a dominant position over the forecast period, owing to patient eye specialty clinics is equipped to screen, diagnose and treat the above most common diseases of the eyes.

Competitive Landscape:

Key players operating in the global optometry equipment market include Canon Inc., Carl Zeiss AG, Escalon Services, Inc., Essilor International S.A., Haag-Streit AG, Heidelberg Engineering GmbH, Heine Optotechnik GmbH & Co. KG, Luneau Technology Group, NIDEK CO., LTD., Novartis International AG, and Topcon Corporation.

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Market Segmentation:

  • Global Optometry Equipment Market, By Product Type:
    • Retinoscopes
    • OCT Scanners
    • Corneal Topography Systems
    • Visual Field Analyzers
    • Ophthalmic Ultrasound Systems
    • Fundus Cameras
    • Autorefractors and Keratometers
    • Ophthalmoscopes
    • Optical Biometry Systems
    • Specular Microscopes
    • Wavefront Aberrometers
    • Other Equipment Types
    • Accessories
  • Global Optometry Equipment Market, By End User:
    • Eye Specialty Clinics
    • Ophthalmic Hospitals
    • Academic and Research Institutions
  • Global Optometry equipment Market, By Region:
    • North America
      • By Country
        • U.S.
        • Canada
    • Latin America
      • By Country
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Country
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Country
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Country
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Region/Country
        • South Africa
        • Central Africa
        • North Africa

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About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

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