Global Optometry Equipment Market, By Type, By Application, By End User, By Region & Segmental Insights Trends and Forecast, 2024 – 2034
- Industry: Healthcare
- Report ID: TNR-110-1081
- Number of Pages: 420
- Table/Charts : Yes
- May, 2024
- Base Year : 2024
- No. of Companies : 10+
- No. of Countries : 29
- Views : 10166
- Covid Impact Covered: Yes
- War Impact Covered: Yes
- Formats : PDF, Excel, PPT
Optometry equipment comprises a range of specialized tools and devices used by optometrists and eye care professionals to assess vision, diagnose eye conditions, and prescribe corrective measures. These instruments play a crucial role in providing comprehensive eye examinations, monitoring eye health, and ensuring optimal visual acuity for patients.
One of the primary pieces of equipment in optometry is the phoropter, which allows optometrists to measure refractive errors and determine the appropriate prescription for corrective lenses. Other essential instruments include the autorefractor, which provides objective measurements of refractive errors, and the slit lamp biomicroscope, which enables detailed examination of the anterior segment of the eye. In recent years, technological advancements have led to the development of innovative optometry equipment, such as wavefront aberrometers, which assess higher-order aberrations of the eye, and optical coherence tomography angiography (OCTA) systems, which provide non-invasive imaging of retinal blood vessels.
In terms of revenue, the global optometry equipment market was worth US$ 4.3 Bn in 2023, anticipated to witness CAGR of 6.5% during 2024 – 2034.
Trends in the Global Optometry Equipment Market
- Shift towards Teleoptometry: The rise of teleoptometry, facilitated by advancements in telecommunication technology and remote patient monitoring, is transforming the delivery of eye care services. Teleoptometry platforms allow optometrists to conduct virtual eye examinations, provide remote consultations, and monitor patient eye health from a distance, increasing access to care and improving patient convenience, particularly in underserved areas.
- Growing Aging Population: The global aging population is fueling demand for optometry services and equipment, as age-related eye conditions such as cataracts, glaucoma, and macular degeneration become more prevalent. Optometry equipment manufacturers are responding to this trend by developing specialized devices and technologies to diagnose and manage age-related eye diseases, catering to the unique needs of older adults.
- Expansion of Myopia Management: The increasing prevalence of myopia, particularly among children and adolescents, has led to a growing emphasis on myopia management strategies within the optometry field. Optometry equipment for myopia management, such as orthokeratology lenses, multifocal contact lenses, and pharmaceutical interventions, is witnessing increased demand as optometrists seek to address the progression of myopia and its associated complications.
Global Optometry Equipment Market Revenue & Forecast, (US$ Million), 2016 – 2034
Retina and glaucoma examination products has gained popularity in recent years and has garnered major market share in the global optometry equipment market during the forecast period.
Retina and glaucoma examination products encompass a diverse range of specialized diagnostic tools and imaging technologies used by ophthalmologists and optometrists to assess the health of the retina and optic nerve, diagnose retinal and glaucomatous conditions, and monitor disease progression over time.
These products play a crucial role in the early detection, diagnosis, and management of retinal diseases such as diabetic retinopathy, age-related macular degeneration (AMD), and retinal vascular disorders, as well as glaucoma, a leading cause of irreversible vision loss worldwide. One of the primary categories of retina examination products is retinal imaging devices, which capture detailed images of the retina, macula, and optic nerve head. These devices include fundus cameras, optical coherence tomography (OCT) scanners, and fundus fluorescein angiography (FFA) systems.
Fundus cameras use specialized lenses and illumination techniques to photograph the back of the eye, providing high-resolution images of the retina for the detection of abnormalities such as retinal tears, detachments, and haemorrhages. OCT scanners utilize light-based technology to generate cross-sectional images of the retina and optic nerve, enabling detailed visualization of retinal layers, macular thickness, and optic nerve fiber thickness, which are critical for diagnosing conditions like AMD, diabetic macular edema, and glaucoma. FFA systems involve the intravenous injection of a fluorescent dye followed by sequential imaging of the retinal vasculature, allowing for the assessment of blood flow, leakage, and vascular abnormalities associated with retinal diseases.
General examination segment had the highest share in the global optometry equipment market in 2023.
The general examination dominated the global optometry equipment market. Phoropters and autorefractors are essential devices used to measure refractive errors such as myopia, hyperopia, and astigmatism, allowing optometrists to determine the appropriate prescription for corrective lenses. The demand for phoropters and autorefractors is driven by the growing prevalence of refractive errors worldwide, driven by factors such as increasing screen time, aging populations, and changing lifestyle habits.
The demand for tonometry devices is driven by the importance of monitoring IOP levels in patients at risk of glaucoma, including those with a family history of the disease, older adults, and individuals with certain medical conditions such as diabetes and hypertension. The need for ophthalmoscopes and retinoscopes stems from their vital function in evaluating the health of the retina, the function of the optic nerve, and refractive errors. These instruments allow optometrists to identify and track conditions like glaucoma, age-related macular degeneration (AMD), and diabetic retinopathy.
Eye clinic segment had the highest share in the global optometry equipment market in 2023.
The eye clinic end user dominated the global optometry equipment market. The increasing prevalence of eye conditions such as myopia, hyperopia, astigmatism, age-related macular degeneration (AMD), diabetic retinopathy, glaucoma, and cataracts drives the demand for optometry equipment in eye clinics. As the incidence of these eye diseases rises due to factors such as aging populations, changing lifestyles, and the diabetes epidemic, eye clinics require advanced diagnostic tools and imaging systems to detect, diagnose, and manage these conditions effectively.
In North America, optometry equipment plays a crucial role in providing comprehensive eye care services to a diverse population. Optometry equipment manufacturers and suppliers in this region cater to the needs of optometrists, ophthalmologists, and eye care professionals, offering a wide range of advanced diagnostic tools, imaging systems, and treatment modalities. An increase in the prevalence of diabetes raises the risk of diabetic retinopathy, cataracts, and other visual impairments.
As a result, this element supports the market’s expansion for optometry equipment in North America. For example, the International Diabetes Federation (IDF) estimates that 51 million people in North America will have diabetes in 2021. Diabetes affects 1 in 7 adult diagnoses. By 2030, there will be 57 million adults with diabetes worldwide, and by 2045, there will be 63 million.
Furthermore, an increase in the number of elderly people is a factor propelling the market’s expansion. The aging population’s increased vulnerability to eye conditions such cataracts, glaucoma, and vision impairment fuels the market’s expansion.
Competitive Landscape
Some of the players operating in the optometry equipment market are
- Alcon
- Bausch Health Companies Inc
- Canon Inc.
- Carl Zeiss Meditec AG
- Essilor Luxottica (Essilor International SA)
- Halma plc (Keeler Ltd)
- Heidelberg Engineering GmbH (Heidelberg Engineering Inc.)
- HEINE Optotechnik
- Johnson & Johnson
- Nidek Co. Ltd
- Oculus Inc.
- Revenio Group PLC
- Other Industry Participants
Global Optometry Equipment Market Scope
Report Specifications | Details |
Market Revenue in 2023 | US$ 4.3 Bn |
Market Size Forecast by 2034 | US$ 8.6 Bn |
Growth Rate (CAGR) | 6.5% |
Historic Data | 2016 – 2022 |
Base Year for Estimation | 2023 |
Forecast Period | 2024 – 2034 |
Report Inclusions | Market Size & Estimates, Market Dynamics, Competitive Scenario, Trends, Growth Factors, Market Determinants, Key Investment Segmentation, Product/Service/Solutions Benchmarking |
Segments Covered | By Type, By Application, By End User, By Region |
Regions Covered | North America, Europe, Asia Pacific, Middle East & Africa, Latin America |
Countries Covered | U.S., Canada, Mexico, Rest of North America, France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe, China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific, Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa, Brazil, Argentina, Rest of Latin America |
Key Players | Alcon, Canon Inc., Carl Zeiss Meditec AG, Bausch Health Companies Inc, Essilor Luxottica (Essilor International SA), Johnson & Johnson, Heidelberg Engineering GmbH (Heidelberg Engineering Inc.), HEINE Optotechnik, Nidek Co. Ltd, Halma plc (Keeler Ltd), Revenio Group PLC, Oculus Inc. |
Customization Scope | Customization allows for the inclusion/modification of content pertaining to geographical regions, countries, and specific market segments. |
Pricing & Procurement Options | Explore purchase options tailored to your specific research requirements |
Contact Details | Consult With Our Expert
Japan (Toll-Free): +81 663-386-8111 South Korea (Toll-Free): +82-808- 703-126 Saudi Arabia (Toll-Free): +966 800-850-1643 United Kingdom: +44 753-710-5080 United States: +1 302-232-5106 E-mail: askanexpert@thenicheresearch.com
|
Global Optometry Equipment Market
By Type
- Retina and Glaucoma Examination Products
-
- OCT Scanners
- Fundus Cameras
- Perimeters/Visual Field Analyzers
- Opthalmoscopes
- Retinoscopes
- General Examination Products
-
- Autorefractors and Keratometers
- Opthalmic Ultrasound Systems
- Tonometers
- Slit Lamps
- Lensmeters
- Chart Projectors
- Cornea and Cataract Examination Products
-
- Wavefront Aberrometer
- Specular Microscope
- Optical Biometry Systems
- Corneal Topographical System
By Application
-
- Glaucoma
- General Examination
- Cataract
- Age-related Macular Degeneration (AMD)
- Other Applications
By End User
-
- Eye Clinics
- Hospitals
- Other End Users
By Region
- North America (U.S., Canada, Mexico, Rest of North America)
- Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe)
- Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
- Latin America (Brazil, Argentina, Rest of Latin America)
Report Layout
Table of Contents
Note: This ToC is tentative and can be changed according to the research study conducted during the course of report completion.
**Exclusive for Multi-User and Enterprise User.
Global Optometry Equipment Market
By Type
- Retina and Glaucoma Examination Products
-
- OCT Scanners
- Fundus Cameras
- Perimeters/Visual Field Analyzers
- Opthalmoscopes
- Retinoscopes
- General Examination Products
-
- Autorefractors and Keratometers
- Opthalmic Ultrasound Systems
- Tonometers
- Slit Lamps
- Lensmeters
- Chart Projectors
- Cornea and Cataract Examination Products
-
- Wavefront Aberrometer
- Specular Microscope
- Optical Biometry Systems
- Corneal Topographical System
By Application
-
- Glaucoma
- General Examination
- Cataract
- Age-related Macular Degeneration (AMD)
- Other Applications
By End User
-
- Eye Clinics
- Hospitals
- Other End Users
By Region
- North America (U.S., Canada, Mexico, Rest of North America)
- Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe)
- Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
- Latin America (Brazil, Argentina, Rest of Latin America)
The Niche Research approach encompasses both primary and secondary research methods to provide comprehensive insights. While primary research is the cornerstone of our studies, we also incorporate secondary research sources such as company annual reports, premium industry databases, press releases, industry journals, and white papers.
Within our primary research, we actively engage with various industry stakeholders, conducting paid interviews and surveys. Our meticulous analysis extends to every market participant in major countries, allowing us to thoroughly examine their portfolios, calculate market shares, and segment revenues.
Our data collection primarily focuses on individual countries within our research scope, enabling us to estimate regional market sizes. Typically, we employ a bottom-up approach, meticulously tracking trends in different countries. We analyze growth drivers, constraints, technological innovations, and opportunities for each country, ultimately arriving at regional figures.Our process begins by examining the growth prospects of each country. Building upon these insights, we project growth and trends for the entire region. Finally, we utilize our proprietary model to refine estimations and forecasts.
Our data validation standards are integral to ensuring the reliability and accuracy of our research findings. Here’s a breakdown of our data validation processes and the stakeholders we engage with during our primary research:
- Supply Side Analysis: We initiate a supply side analysis by directly contacting market participants, through telephonic interviews and questionnaires containing both open-ended and close-ended questions. We gather information on their portfolios, segment revenues, developments, and growth strategies.
- Demand Side Analysis: To gain insights into adoption trends and consumer preferences, we reach out to target customers and users (non-vendors). This information forms a vital part of the qualitative analysis section of our reports, covering market dynamics, adoption trends, consumer behavior, spending patterns, and other related aspects.
- Consultant Insights: We tap into the expertise of our partner consultants from around the world to obtain their unique viewpoints and perspectives. Their insights contribute to a well-rounded understanding of the markets under investigation.
- In-House Validation: To ensure data accuracy and reliability, we conduct cross-validation of data points and information through our in-house team of consultants and utilize advanced data modeling tools for thorough verification.
The forecasts we provide are based on a comprehensive assessment of various factors, including:
- Market Trends and Past Performance (Last Five Years): We accurately analyze market trends and performance data from preceding five years to identify historical patterns and understand the market’s evolution.
- Historical Performance and Growth of Market Participants: We assess the historical performance and growth trajectories of key market participants. This analysis provides insights into the competitive landscape and individual company strategies.
- Market Determinants Impact Analysis (Next Eight Years): We conduct a rigorous analysis of the factors that are projected to influence the market over the next eight years. This includes assessing both internal and external determinants that can shape market dynamics.
- Drivers and Challenges for the Forecast Period:Identify the factors expected to drive market growth during the forecast period, as well as the challenges that the industry may face. This analysis aids in deriving an accurate growth rate projection.
- New Acquisitions, Collaborations, or Partnerships: We keep a close watch on any new acquisitions, collaborations, or partnerships within the industry. These developments can have a significant impact on market dynamics and competitiveness.
- Macro and Micro Factors Analysis:A thorough examination of both macro-level factors (e.g., economic trends, regulatory changes) and micro-level factors (e.g., technological advancements, consumer preferences) that may influence the market during the forecast period.
- End-User Sentiment Analysis: To understand the market from the end-user perspective, we conduct sentiment analysis. This involves assessing the sentiment, preferences, and feedback of the end-users, which can provide valuable insights into market trends.
- Perspective of Primary Participants: Insights gathered directly from primary research participants play a crucial role in shaping our forecasts. Their perspectives and experiences provide valuable qualitative data.
- Year-on-Year Growth Trend: We utilize a year-on-year growth trend based on historical market growth and expected future trends. This helps in formulating our growth projections, aligning them with the market’s historical performance.
Research process adopted by TNR involves multiple stages, including data collection, validation, quality checks, and presentation. It’s crucial that the data and information we provide add value to your existing market understanding and expertise. We have also established partnerships with business consulting, research, and survey organizations across regions and globally to collaborate on regional analysis and data validation, ensuring the highest level of accuracy and reliability in our reports.