The Europe Optometry Equipment Market would witness market growth of 6.0% CAGR during the forecast period (2022-2028).
Factor that is anticipated to increase demand for optometry equipment would increase is the growing prevalence of myopia in young adults and children. In order to increase their market proportion, companies that manufacture optometry equipment all over the world are also employing successful marketing techniques and releasing cutting-edge products. Excessive use of digital devices may result in computer vision syndrome and digital eye strain. These equipment helps with concentration and reduces eye strain. Regular screen breaks may help to reduce eye strain as well.
Macular degeneration and migraines are less common. Despite the fact that there is still no concrete evidence linking blue light to macular degeneration, research indicates that regular blue light exposure may increase the risk of developing the condition. In addition, both the cause and the outcome of migraines and headaches can be directly linked to eye strain. Blue light can have negative effects on people even though it is not the cause of eye strain. All these factors may surge the market demand for optometry equipment.
In comparison to the other regions, Europe makes it much easier to introduce innovative products, especially if they are unique. A product must possess CE certification in order to be marketed in Europe. It ensures that the manufacturer's product complies with all applicable European Community directives. The main factors designed to encourage the makers to invest in the Europe region are the advancements in lens technology and the favorable government support and reimbursement policies. Additionally, the Europe region has a sizable population of skilled workers and a thriving healthcare sector.
The Germany market dominated the Europe Optometry Equipment Market by Country in 2021; thereby, achieving a market value of $399.1 million by 2028. The UK market would witness a CAGR of 5.1% during (2022 - 2028). Additionally, The France market is experiencing a CAGR of 6.7% during (2022 - 2028).
Based on Type, the market is segmented into Retina & Glaucoma Examination Products (OCT Scanners, Opthalmoscopes, Fundus Cameras, Perimeters/Visual Field Analyzers, and Retinoscopes), General Examination Products (Autorefractors & Keratometers, Opthalmic Ultrasound Systems, Tonometers & Slit Lamps, Lensmeters, and Chart Projectors), Cornea & Cataract Examination Products (Wavefront Aberrometers/Analyzer, Optical Biometry System, and Corneal Topographical System & Specular Microscopes). Based on Application, the market is segmented into General Examination, Cataract, Glaucoma, Age-related Macular Degeneration (AMD) & Others. Based on End User, the market is segmented into Clinics, Hospitals, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Optometry Equipment Market will Hit $5.9 Billion by 2028, at a CAGR of 6.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Bausch Health Companies, Inc., Alcon, Inc., Carl Zeiss Meditec AG (Carl Zeiss AG), Johnson & Johnson. Canon, Inc., Topcon Corporation, Metall Zug AG (Haag-Streit AG), Nidek Co., Ltd., Heidelburg Engineering GmbH and Neitz Instruments Co., Ltd.
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