Overview of Optometry Equipment Market: Size, Trends, Share and Growth Forecast till 2026

Growing prevalence of eye disorders and abnormalities has led to surge in demand for optometry equipment globally. In addition, government in various countries are taking initiatives to control visual impairment. Such factors are projected to impact growth of the global optometric equipment market positively. Fact.MR states that the global optometry equipment market is projected to reflect a CAGR of x over the forecast period, 2017-2026.

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As the need to conduct various eye check-ups persist, demand for the optometry equipment will remain high in the global market. In addition, growing prevalence of diabetes has led to an increase in the number of eye disorders such as glaucoma, cataract, and macular degeneration. Prevalence of various eye disorders has revved up demand for the optometry devices in the healthcare industry globally. In order to offer better patient care, leading manufacturers are focusing on incorporating innovative technological solutions in the optometry equipment.

Factors Fuelling Global Market Growth

Growth of the global optometry equipment market is mainly bound to various macro-economic and micro-economic factors. Surge in the number of eye disorders such as cataract, macular degeneration and glaucoma has fuelled adoption of the optometry equipment in the healthcare industry. In addition, adoption of optometry equipment is projected to gain momentum bound to growing prevalence of diabetes. Increasing instances of diabetes has led to surge in the number of diabetic retinopathy cases in the healthcare industry. High blood sugar level cause the blood vessels in the retina to swell and then leak, which has led the diabetic patients to get dilated eye check-ups every year. According to CDC, the 9.4% of the population in the U.S, which is 30.3 million people have diabetes. Prevalence of diabetes has led to surge in adoption for the optometry equipment in the healthcare industry for check-ups of diabetic retinopathy.

In addition, growing adoption of electronic gadgets such as smartphones, laptops and tablets has significantly impaired the vision of people. Moreover, increasing exposure to the digital screens has led to increasing number of dry eye syndrome cases and digital eye strain. Exposure to various digital devices in organizations has further led to increasing number of dry eye syndrome cases. With the growing need to treat astigmatism, myopia, presbyopia, and hyperopia cases, adoption of optometry devices will continue to remain high in the healthcare industry.

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Sales to Remain High Through Clinics

With the increasing prevalence of eye disorders, growing need to conduct non-invasive imaging tests has led to surge in demand for the OCT (optical coherence tomography) scanners continue to remain high. In terms of revenue, the OCT scanners product type segment is expected to represent the highest growth, accounting for more than US$ 270 Mn by 2026-end. In contrary, the corneal topography systems product type segment is projected to reflect a significant CAGR throughout the forecast period.

On the basis of end users, the clinics segment is projected to generate significant revenues, recording more than US$ 300 Mn by 2017-end. On the other hand, the other end users segment is projected to represent the fastest growth in the global optometry equipment market during the forecast period.

Market Players

Leading market players operating in the global optometry equipment market include Escalon, Luneau Technology, Heine Optotechnik, Essilor, Canon, Valeant, Novartis, Heidelberg Engineering, Nidek, Topcon, Haag-Streit and Carl Zeiss.  

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