Eye exam equipment includes an extensive range of products used to assess vision and diagnose disorders associated with the retina (posterior) or cornea (anterior) of the eye. These devices measure refractive errors, identify the power of the intraocular lens (IOL), measure intraocular pressure (IOP), and analyze the field of vision.
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The eye exam equipment market is expected to reach USD 3.05 Billion by 2022 from USD 2.16 Billion in 2016, at a CAGR of 6.0% during the forecast period. The increasing prevalence of eye diseases, rising geriatric population, technological advancements in eye exam equipment, increasing government initiatives to control visual impairment, and increasing awareness about eye health are the major factors driving the growth of the optometry equipment market.
Optometry Equipment Market: Competitive Landscape
2 Market Share Analysis, 2016
3 Competitive Situation and Trends
4 Product Launches Enhancements, and Approvals
5 Agreements, Collaborations, and Partnerships
6 Vendor Benchmarking
The report analyzes the global optometry equipment market by type, end user, and region.
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Based on type, the retina and glaucoma examination products segment accounted for the largest share of global eye exam equipment market in 2016. This can be attributed to the growing prevalence of retinal diseases and glaucoma, increasing number of eye care clinics, technological advancements in eye exam equipment, and growing access to modern ophthalmic diagnostic devices.
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Geographically, the global optometry equipment market has been segmented into five major regional segments North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In 2016, North America accounted for the largest share of the market, followed by Europe and Asia Pacific.
- Eye exam equipment manufacturers & distributors
- Suppliers and distributors of eye exam equipment
- Healthcare service providers (including hospitals, independent physicians, and private eye care centers)
- Research institutes
- Academic medical institutes
- Government associations
- Healthcare insurance payers
- Market research and consulting firms
- Venture capitalists and investors
The highly developed healthcare system, rising geriatric population, increasing prevalence of ocular diseases, availability of technologically advanced eye examination equipment, greater adoption of ophthalmology treatments and surgeries, and the presence of key players are the major factors responsible for the large share of North America in the global eye exam equipment market.
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North America is expected to account for largest share of UV/visible spectroscopy market, followed by Europe, Asia-Pacific, & Rest of the World (RoW). In coming years, UV/visible spectroscopy is expected to witness highest growth rate in Asia-Pacific region.
High growth in these regions can be attributed to entry of key market players into this market, growing food safety and environmental pollution concerns and budding life science R&D sector in this region.
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