Optometry equipment market to witness steady growth owing to rise in chronic eye diseases

December 2017 Market Research
Optometry Equipment is used to diagnose and monitor vision or eyesight, ophthalmic diseases. Advancements in treatments and increasing access to advanced eye care in the emerging nations are some of the reasons driving the growth of optometry equipment market. There has been a widespread adoption of sophisticated optometry equipment with rapid advances in technologies. Manufacturers of optometry equipment are focusing on developing advanced equipment to improve detection of glaucoma. Increase in chronic eye diseases is also resulting in the research and development of new optometry equipment. Increasing number of optometrists are adopting state-of-the-art equipment for getting access to the visual function of an eye in order to enhance detection of eye disease.

The latest report by Fact.MR expects the global optometry equipment market to witness steady growth during 2017-2026. The global optometry equipment is also estimated to bring in US$ 3,332.4 million revenue by 2026 end.

OCT Scanners- Top-Selling Optometry Equipment

Compared to the various optometry equipment, OCT scanners are expected to emerge as one of the top-selling optometry equipment. OTC scanners are expected to reach close to US$ 700 million revenue by the end of 2026. OCT imaging systems are being used on a large scale for retinal imaging and analysis. It provides highly detailed images of the retina and optic nerve. OCT is also very essential in measuring the changes in eyes in both pre and post-operation for cataract patients. Manufacturers are also focusing on adding advanced features in OCT scanners. Manufacturers are also building DICOM compatible OCT scanners to remotely access images and data regardless of the location.

Hospitals to Emerge as the Largest Users of Optometry Equipment

Hospitals are likely to emerge as the largest users of optometry equipment between 2017 and 2026. Accounting for nearly half of the revenue share, hospitals are projected to reach nearly US$ 1,500 million revenue by 2026 end. The challenging healthcare environment is resulting in the increasing use of various advanced optometry equipment to provide better eye care. With the increase in various eye diseases, the government of various countries are taking initiatives by establishing eye hospitals. Hence, this is resulting in the growing demand for optometry equipment at hospitals. Various hospitals are also focusing on developing maintenance department to ensure care and maintenance of optometry equipment.

North America to Remain Dominant in the Global Optometry Equipment Market

Better access to advanced eye care, increasing number of ophthalmic procedures are some of the factors driving the optometry equipment market in the U.S. Moreover, technological advancements are also leading to the development of cutting-edge optometry equipment in North America. Meanwhile, the demand for optometry equipment is also expected to witness significant growth in countries like India and China. Due to the development of advanced eye care services, and initiatives by the government to provide better eye care facilities in the rural areas, APEJ is likely to witness growth in the coming years.

Source: https://www.factmr.com/report/363/optometry-equipment-market