Published Date: 30-Sep-2022
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According to a new report, published by KBV research, The Global Optometry Equipment Market size is expected to reach $5.9 billion by 2028, rising at a market growth of 6.4% CAGR during the forecast period.
The Retina & Glaucoma Examination Products market is showcasing a CAGR of 5.9% during the forecast period. The most significant risk factor for glaucoma is enhanced eye pressure. The main factors driving this segment's market growth are the rising prevalence of diabetes and hypertension as well as glaucoma and retinal diseases.
The General Examination market is generating high revenue in the Global Optometry Equipment Market by Application in 2021; thereby, achieving a market value of $1.9 Billion by 2028. Regular vision tests can help determine whether the person has any vision issues. Reduced reading skills & learning challenges brought on by nearsightedness, astigmatism, farsightedness, and other vision issues can stunt the child's development. As a result of this, people are becoming more aware of regular testing which is resulting in a large number of people going for the general examination.
The Hospitals market would showcase a CAGR of 6.8% during (2022 - 2028). The market is growing in this segment as a result of the rising healthcare spending across the globe. The government of several nations is supporting hospitals to expand their offering with the aim of better serving the people. Also, the demand for optometry equipment would increase due to the increasing number of private hospitals across the globe.
The North America market dominated the Global Optometry Equipment Market by Region in 2021; thereby, achieving a market value of $2.1 billion by 2028. The Europe market is experiencing a CAGR of 6% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 6.8% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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