Grand View Research, Inc. - Market Research And Consulting.According to report published by Grand View Research, Increasing prevalence of eye-related disorders is anticipated to drive the demand for advanced ophthalmic treatment procedures over the forecast period. Growing demand for early and accurate detection of medical conditions along with advent of advanced surgical ophthalmic devices is estimated to be one of the key trends stimulating eye examination equipment market growth over the forecast period.
According to a new report,"Optometry/Eye Examination Equipment Market Analysis Report By End Use (Hospitals, Clinics), By Product (Ophthalmic Ultrasound Imaging Systems, OCT), By Region, And Segment Forecasts, 2018 - 2025", published by Grand View Research, Inc., the global eye examination equipment market size is expected to reach USD 8.8 billion by 2025, progressing at a CAGR of 6.2% during the forecast period. Increasing prevalence of eye-related disorders is anticipated to drive the demand for advanced ophthalmic treatment procedures over the forecast period.
Key Takeaways from the report:
Growing prevalence of eye diseases and influx of technologically advanced ophthalmic devices are anticipated to boost the growth of the optometry/eye examination equipment market over the forecast period
Ophthalmic ultrasound imaging systems are expected to exhibit the fastest growth over the coming years, owing to rising penetration of B-Scan ultrasound
Hospitals accounted for the largest revenue share in the market in 2017, owing to rising ophthalmic surgical procedures in hospitals
North America held the dominant share in the optometry/eye examination equipment market in 2017, due to presence of well-established healthcare setting and treatment facility, surging demand for technologically advanced healthcare products, and favorable reimbursement facilities.
The market in Asia Pacific, especially Japan and India, are estimated to witness remarkable growth during the forecast period due to increasing investments in the healthcare sector. In Feb 2017, the Japan government invested USD 500 million to build a new eye hospital in order to fulfil the vision 2020 approach by WHO.
Some of the key companies present in the market are Carl Zeiss Meditec AG; Bausch & Lomb Inc.; Johnson & Johnson Vision Care Inc.; Novartis AG; NIDEK CO.; LTD; and Canon
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Growing global geriatric population is another factor propelling the optometry/eye examination equipment market. According to U.S. Census Bureau published on June 2017, the total population aged 65 and older in the U.S. increased to 49.2 million in 2016, accounting for 15.2% of the total population, from 35 million in 2000, which represented only 12.0% of the total population. Mounting cases of age-related disorders including glaucoma, cataracts, and age-related macular degeneration (AMD) are likely to stoke the growth of the market.
Grand View Research has segmented the global optometry/eye examination equipment market report on the basis of product, end-use, and region:
Optometry/Eye Examination Equipment Product Outlook (Revenue, USD Million, 2014 - 2025)
Optical coherent tomography scanners (OCT)
Ophthalmic ultrasound imaging systems
Ophthalmic A-Scan Ultrasound
Ophthalmic B-Scan Ultrasound
Corneal topography systems
Slit lamps
Tonometer
Ophthalmoscopes
Perimeters/visual field analyzers
Fundus cameras
Autorefractors and Keratometers (phoropters)
Others
Optometry/Eye Examination Equipment End-use Outlook (Revenue, USD Million, 2014 - 2025)
Hospitals
Clinics
Others
Optometry/Eye Examination Equipment Regional Outlook (Revenue, USD Million, 2014 - 2025)
North America
U.S.
Canada
Europe
U.K.
Germany
France
Italy
Spain
Asia Pacific
Japan
China
India
Latin America
Brazil
Mexico
Middle East & Africa
South Africa
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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