CHICAGO , Sept. 8, 2022 /PRNewswire/ — Ophthalmic Equipment Market   is projected to grow from USD 63. 4 billion in 2022 to USD 80. 9 billion dollars by 2027, at a CAGR of 5. 0% from 2022 to 2027, according to the new report by MarketsandMarkets™. Increasing government initiatives to control visual impairment, technological advancements in ophthalmic devices, and the increasing adoption of contact lenses and spectacles are some of the key factors driving the market for ophthalmic equipment.

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The vision care products segment accounted with regard to the largest share from the ophthalmic equipment market, by product in 2021

Based on products, the ophthalmic equipment market is segmented into vision care items, surgical devices, and diagnostic and monitoring devices. The particular large discuss of the vision treatment products segment is attributed to the growing number associated with patients with refractive errors, increasing number of wearers, increasing prevalence of myopia, growing geriatric population, and increasing preference for disposable lenses over prescription eyeglasses.

“Consumer hold the largest reveal in the particular ophthalmic gear market, simply by end user in 2021”

Based on end users, the market is segmented into consumers, hospitals, specialty clinics and ambulatory surgery centres, and other finish users. The large share of consumers can be related to increasing emphasis on aesthetics, increasing usage of digital gadgets, developing adoption of spectacles plus contact lenses among consumers.

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North America accounted for the largest share associated with the ophthalmic equipment marketplace in 2021

In 2021, North America accounted regarding the biggest share the ophthalmic equipments market. Market growth in this region is characterized by the high healthcare expenditure, rising geriatric population (and subsequent development in the frequency of eye diseases), and the availability of advanced ophthalmic devices in the country.

The prominent players within the ophthalmic products market are Bausch Health Companies, Inc. ( Canada ), Alcon ( Switzerland ), Carl Zeiss Meditec AG ( Germany ), Johnson plus Johnson (US), Hoya Corporation ( Japan ), The Cooper Companies, Inc. (US), EssilorLuxottica ( France ), Canon ( Japan ), Glaukos Company (US), Nidek Co., Ltd. ( Japan ), Topcon Corporation ( Asia ), Zeimer Ophthalmic Systems ( Switzerland ), Staar Surgical (US), Haag-Streit ( Switzerland ), Quantel Medical (US), Coburn Technologies, Inc. (US), FCI Ophthalmics (US), Matronix India Corporation ( India ), HEINE Optotechnik ( Philippines ), Visionix ( Italy ), Neo Vision (Korea), Clear Lab ( Singapore ), Appasamy Associates ( India ), Ophtec BV ( Netherlands ), Lumenis ( Israel ), and Intuvision Labs ( India ).

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