The North America Eye Examination Equipment Market would witness market growth of 5.7% CAGR during the forecast period (2023-2030).
Aged people are more susceptible to eye-related issues, so their growing population significantly impacts the market's expansion. According to data published by the American Academy of Ophthalmology, approximately 2.4 million people aged 40 and older in the United States have cataracts, which will continue to rise over the coming years. This indicates the prospective demand for ophthalmic treatments, encouraging market expansion. In addition, growth in the private and public healthcare sectors and the introduction of advanced instruments for vision care practices are significant market growth drivers.
In addition, the increasing use of contact lenses and surgical ophthalmic devices throughout optical error correction surgery provides a substantial market boost. In addition, the high unmet medical requirements in emerging economies will likely stimulate the use of contemporary ophthalmic devices. The market trends in the market are growing. The aging population is prone to various eye conditions, such as cataracts and age-related macular degeneration, which drives the demand.
North America has a significant aging population and is prone to age-related eye conditions such as cataracts, glaucoma, and macular degeneration. This demographic trend has been a driving factor for adopting eye examination equipment as regular eye check-ups become increasingly important. North America's market is competitive, with several key players manufacturing various devices. Competition often leads to innovation and the introduction of new equipment. Overall, healthcare expenditure in North America has been on the rise. This can translate into increased spending on medical equipment, including eye examination devices, in healthcare facilities. Due to the growing number of eye-related diseases in this region, the market is expected to expand.
The US market dominated the North America Eye Examination Equipment Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $2.4 billion by 2030. The Canada market is anticipated to grow at a CAGR of 8.1% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 7.1% 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 U.S., Mexico, Canada, and Rest of North America.
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
By Application
By Product
By Country
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