Global Ophthalmic Examination Chairs Market Size, Share & Industry Trends Analysis Report By Section (3-section, 2-section and 4-section), By Technology (Electric, Hydraulic, Pneumatic, Mechanical), By End-Use, By Regional Outlook and Forecast, 2023 - 2030
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Market Report Description
The Global Ophthalmic Examination Chairs Market size is expected to reach $131.3 million by 2030, rising at a market growth of 6.2% CAGR during the forecast period.
The expanding market in the Asia Pacific region is attributed to its substantial population and increasing awareness regarding eye examinations for both children and the elderly. Hence, Asia Pacific region would capture approximately 2/5th share of the market by 2030. Additionally, the demand is increasing as a result of increased governmental and private investments aimed at raising public knowledge of the treatment and diagnosis of eye diseases. Major players in the market are bolstering their standing on the international stage by collaborating with neighborhood firms to suit the region's expanding demands. Some of the factors impacting the market are growing usage of microsurgeries in case of ocular trauma, enhanced knowledge of ocular conditions and procedures, and cost and availability issues for hospitals and small healthcare facilities
Ophthalmic microsurgical techniques have additionally resulted in successful outcomes in a number of operations. Various governments' measures to speed up training are increasing the need for new tools and devices at the same time that it is trying to address the shortage of eye surgeons. As a result, the market will continue to develop in the years to come as a result of microsurgeries' rising popularity and an increase in the number of cases of ocular damage. As more people are willing to undergo surgeries that were once thought to be unpleasant due to the development of precise surgical techniques, awareness is also growing in this area. A variety of medical specialties, including ophthalmology, now frequently use microsurgeries as a result of this advancement. In light of this, the market has been growing due to rising awareness of diseases and operations.
However, rapid technical improvements in the medical field can potentially render outdated or unattractive equipment. Other factors limiting the growth of the ophthalmic examination chair market include the lack of technologically advanced examination chairs in developing nations. Market expansion in these regions may be hampered by problems like limited healthcare facilities, underdeveloped professional networks, and a lack of properly qualified staff. Hence, such factors may hamper the growth of the market in the coming years.
Based on technology, the market is divided into electric, mechanical, hydraulic, pneumatic, and others. The hydraulic segment procured a considerable growth rate in the market in 2022. It is predicted that the existence of numerous market participants offering a wide variety of hydraulic chairs will foster the segment's growth. Many ophthalmic examination chairs have a hydraulic system with automated elevation controlled by a foot pedal, a strong, lightweight structure, rotation, as well as reclining capabilities, which increases their durability.
On the basis of section, the market is segmented into 2-section, 3-section, and 4-section. The 3-section segment acquired the largest revenue share in the market in 2022. The improved features and changes in three areas of ophthalmic examination chairs are responsible for the category expansion. Three-sectioned ophthalmic examination chairs are expected to assist in easing worries about physical handling and provide an ergonomic surface for a patient to be seated on.
By end-use, the market is categorized into hospitals, ambulatory surgical centers, specialty clinics, and others. The hospitals segment witnessed the maximum revenue share in the market in 2022. The rise in patient visits and the prevalence of eye illnesses are attributed to the expansion of the segment. Many people choose hospitals for their eye checkups and other medical needs because of the various facilities provided by them. Throughout the forecast period, the market is also anticipated to be pushed by expanding government finance and policy initiatives for the establishment of healthcare facilities in developed and emerging nations.
|Market size value in 2022||USD 82 Million|
|Market size forecast in 2030||USD 131.3 Million|
|Historical Period||2019 to 2021|
|Forecast Period||2023 to 2030|
|Revenue Growth Rate||CAGR of 6.2% from 2023 to 2030|
|Number of Pages||252|
|Number of Table||380|
|Report coverage||Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling|
|Segments covered||Section, Technology, End-use, Region|
|Country scope||US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria|
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America region procured the highest revenue share in the market in 2022. The presence of an established healthcare infrastructure, increased awareness of the diagnosis of ocular diseases, and the frequency of eye-related problems in this region are all significant drivers of the segment's growth. By 2050, the CDC predicts that 8.96 million Americans, especially those 40 and over, will have a vision impairment that cannot be corrected. This growth will mostly be brought on by the nation's growing aging population as well as the increased prevalence of diabetes along with other chronic diseases.
Free Valuable Insights: Global Ophthalmic Examination Chairs Market size to reach USD 131.3 Million by 2030
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Topcon Corporation, Metall Zug AG (Haag-Streit AG), Takagi Seiko Co., Ltd., Coburn Technologies, Inc. (SDC Technologies, Inc.) (Mitsui Chemicals Inc.), Mid Central Medical, AKRUS GmbH & Co. KG, Lemi Group srl (Brusaferri & C. srl.), bon Optic Vertriebsgesellschaft mbH., BTC SRL, Vermund Larsen A/S
Scope of the Study
Market Segments Covered in the Report:
- Specialty Clinics
- Ambulatory Surgical Centers
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Topcon Corporation
- Metall Zug AG (Haag-Streit AG)
- Takagi Seiko Co., Ltd.
- Coburn Technologies, Inc. (SDC Technologies, Inc.) (Mitsui Chemicals Inc.)
- Mid Central Medical
- AKRUS GmbH & Co. KG
- Lemi Group srl (Brusaferri & C. srl.)
- bon Optic Vertriebsgesellschaft mbH.
- BTC SRL
- Vermund Larsen A/S
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What would be the size of this Market by 2030?
This Market size is expected to reach $131.3 million by 2030.
What are the key driving factors and challenges in this Market?
Growing Utilization of Microsurgeries in Case of Ocular Trauma are driving the Market in coming years, however, Availability Issues for Hospitals And Small Healthcare Facilities restraints the growth of the Market.
What are the major top companies in the competitive landscape?
Topcon Corporation, Metall Zug AG (Haag-Streit AG), Takagi Seiko Co., Ltd., Coburn Technologies, Inc. (SDC Technologies, Inc.) (Mitsui Chemicals Inc.), Mid Central Medical, AKRUS GmbH & Co. KG, Lemi Group srl (Brusaferri & C. srl.), bon Optic Vertriebsgesellschaft mbH., BTC SRL, Vermund Larsen A/S
Which segment is leading the Market in 2022?
The Electric segment is leading the Market by Technology in 2022; thereby, achieving a market value of $39.7 million by 2030.
Which region dominated the Market in 2022?
The North America region dominated the Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $51.0 million by 2030.