Global Optometry Equipment Market Forecast to 2030
The latest report, titled ‘Global Optometry Equipment Market,’ comprises a profound analysis of the fundamental parameters contributing to the global Optometry Equipment market scenario. The research report provides the reader with an in-depth interpretation of the Optometry Equipment market dynamics, including the crucial drivers, opportunities, threats, and challenges. The report also describes the key business strategies, demand and supply ratios, leading regions, and the renowned market players, in a nutshell, offering a futuristic outlook of the overall Optometry Equipment industry. The market intelligence report is a prototype of the 360° overview of the global Optometry Equipment industry, shedding light on the estimated market value, share, growth trends, gross revenue, competitive overview, prominent manufacturers and buyers, available product types, and end-use applications.
The global optometry equipment market size reached USD 60.82 Billion in 2021 and is expected to register a revenue CAGR of 4.6% during the forecast period, according to latest analysis by Emergen Research. According to the Centre of Disease Control and Prevention (CDC), glaucoma affects around 3 million Americans. It is the world's second biggest cause of blindness. The most prevalent kind of glaucoma is open-angle glaucoma, which causes increased eye pressure. Cataracts affect 30% of people aged 65 and more, impairing vision in one or both eyes. Diabetic retinopathy is fairly widespread in the United States. A total of 899,000 persons aged 40 and over are predicted to suffer diabetic retinopathy, which will damage the vision of 4.1 million adults.
Another important element driving the rise of the market's revenue is the development of technologies for the efficient treatment of eye illnesses. For instance, IDx-DR, a revolutionary Food and Drug Administration (FDA)-approved Artificial Intelligence (AI) software-based application, is a ground-breaking programme created to identify diabetic retinopathy (including macular edema). In order to screen for diabetic retinopathy without requiring an eye care specialist to interpret the results, artificial intelligence (AI) is being applied for the first time in ophthalmology. It is simple to integrate the IDx-DR system into a range of healthcare situations involving eye care. The eye care sector's revenue growth is being boosted by several factors.
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Competitive Terrain:
The global Optometry Equipment industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.
The leading market contenders listed in the report are:
Carl Zeiss Meditec Group, Nidek Co., Ltd, Alcon, Canon Inc., Heidelberg Engineering GmbH, Johnson Johnson Services, Inc., Bausch Health Companies Inc., Escalon Medical Corp., EssilorLuxottica, and Revenio Group Corporation
Research Report on the Optometry Equipment Market Addresses the Following Key Questions:
- Who are the dominant players of the Optometry Equipment market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Optometry Equipment market?
- What are the key growth drivers and restraining factors of the Optometry Equipment market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Optometry Equipment market and its key segments?
Market Overview:
The report bifurcates the Optometry Equipment market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
Type of Examination Outlook (Revenue, USD Billion; 2019-2030)
- Retina Examination
- Cornea Examination
- General Examination
End-Use Outlook (Revenue, USD Billion; 2019-2030)
- Eye Specialty Centers
- Hospitals
- Academic Research Institutes
Regional Outlook (Revenue, USD Billion; 2019–2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Rest of MEA
- North America
Regional Landscape section of the Optometry Equipment report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.
The various regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Optometry Equipment market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
Key Points of the Geographical Analysis:
- Data and information related to the consumption rate in each region
- Estimated increase in the consumption rate
- Proposed growth of the market share of each region
- Geographical contribution to market revenue
- Expected growth rate of the regional markets
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