The Latin America, Middle East and Africa Eye Examination Equipment Market would witness market growth of 9.0% CAGR during the forecast period (2023-2030).
Telemedicine and remote monitoring have significantly impacted the market, transforming how eye care services are delivered and accessed. Telemedicine platforms have become more widely adopted, allowing patients to consult with eye care professionals remotely. Patients can use telemedicine platforms to discuss eye health concerns, receive advice, and even undergo initial eye assessments using essential equipment like visual acuity charts and tonometers.
This increased demand for telemedicine has driven the need for eye examination equipment that can be integrated with these platforms, enabling more comprehensive remote assessments. Furthermore, remote monitoring of eye conditions has become feasible through specialized eye examination equipment. Patients with chronic eye conditions, like glaucoma or diabetic retinopathy, can use home-based equipment to perform visual field testing, intraocular pressure measurements, and even essential fundus imaging. These devices transmit data to healthcare providers for remote monitoring, reducing the need for frequent in-person appointments.
Rapid urbanization and changing lifestyles in Latin America have contributed to increased factors like digital device usage and environmental pollution. These factors can lead to eye strain and vision problems, increasing the need for regular eye check-ups and diagnostic equipment. According to the International Trade Administration (ITA), the Saudi Arabian government intends to invest over $65 billion to develop the nation's healthcare infrastructure as part of Vision 2030. In addition, it intends to boost the private sector's contribution from 40% to 65% by 2030, with the privatization of 290 hospitals and 2,300 primary healthcare facilities as its target. Due to the aforementioned factors, the market will grow in this region.
The Brazil market dominated the LAMEA Eye Examination Equipment Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $167.3 million by 2030. The Argentina market is estimated to witness a CAGR of 9.6% during (2023 - 2030). Additionally, The UAE market would showcase a CAGR of 8.8% during (2023 - 2030).
Based on End-use, the market is segmented into Hospitals Clinics, and Others. Based on Application, the market is segmented into Glaucoma, Cataract, Refractive Errors, Age Related Macular Degeneration, and Others. Based on Product, the market is segmented into Optical Coherent Tomography (OCT) Scanners, Ophthalmic Ultrasound Imaging Systems, Corneal Topography Systems, Slit Lamps, Tonometer, Ophthalmoscopes, Perimeters/Visual Field Analysers, Autorefractors & Keratometers (Phoropters), Fundus Cameras, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Eye Examination Equipment Market is Projected to reach USD 9.4 Billion by 2030, 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 Alcon, Inc., Ziemer Ophthalmic Systems AG, Nidek Co., Ltd., Topcon Corporation, Carl Zeiss Meditec AG (Carl Zeiss AG), Johnson & Johnson (Johnson & Johnson Vision Care, Inc.), EssilorLuxottica SA (Essilor Instruments USA), Metall Zug AG (Metall Zug AG), Bausch + Lomb Corporation (Bausch Health Companies, Inc.), and HEINE Optotechnik GmbH & Co. KG.
By End Use
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