Redding, California, Dec. 14, 2022 (GLOBE NEWSWIRE) — According to a new market research report titled, ‘ Optometry Equipment Marketplace simply by Product (OCT Scan, Perimeter, Fundus Camera, Retinoscope, Keratometer, Ophthalmic Ultrasound, Tonometer, Slit Lamp, Chart Projector), Application (Cataract, Glaucoma, AMD), End User (Clinic, Hospital) Global Forecast to 2029, published by Meticulous Research ® , the optometry equipment market is projected to reach $5. 4 billion by 2029, at a CAGR of 4% from 2022 to 2029.

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Optometry equipment are used in various eye diseases, including age-related macular degeneration, cataract, diabetic retinopathy, and glaucoma, and amblyopia & strabismus. The aging population and rising prevalence of eye diseases drive the demand for optometry equipment to treat, diagnose, and monitor patients in risk associated with vision-threatening chronic conditions like diabetic retinopathy. As per the particular data released by Rendia, Inc. (U. S. ) in 2022, optometrists identify around 400, 000 patients yearly in the U. S. who suffer from diabetic neuropathy and are unaware of their diabetic conditions.

Impact of COVID-19 on the Optometry Equipment Market

The COVID-19 pandemic negatively impacted many healthcare sectors, and optometry equipment is no exception. The global shutdown of economic activities plus supply chain disruptions affected the supply of optometry gear. Various medical device companies operating in optometry products reported that company representatives could not provide services to physicians in some geographies. The rapid spread associated with the virus, nationwide lockdowns, and measures to mitigate the spread, such as social distancing, led to a reduction within the number of vision examinations performed during the outbreak. Additionally , non-urgent eye surgeries were postponed or delayed to minimize the risk of infection during the first phase of the pandemic.

Disrupted supply chains are expected to recover as the spread of infection comes under control. The pandemic also accelerated the use of telehealth & telemedicine by attention doctors and patients and the rise in specialty optometric practices. Additionally, incidences associated with diseases like Myopia increased throughout the outbreak due to increased indoor times and online educational programs.

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The market is gradually recovering from the negative impact of the pandemic and is expected to open new opportunities. As of September 2022, the particular Bureau associated with Labor Statistics, U. H. Department of Labor, reported that the employment rate associated with optometrists will be likely to increase by 9%, at an estimated number of 45, 400 simply by 2031, an increase of nearly four, 000 through 41, four hundred in 2021.

The global optometry products market is usually segmented by Product Type (Retina & Glaucoma Examination Products [OCT Scanners, Perimeters, Fundus Cameras, Retinoscopes, Ophthalmoscopes, Ophthalmic Lasers & Ophthalmic Microscopes], Keratometers, Autorefractors, plus Lensometers, Ophthalmic Ultrasound Systems & Digital Phoropters, Slit Lamps, Tonometers, Retinal Imaging Systems, General Examination Products, Chart Projectors, [Cataract & Cornea Examination Products, Specular Microscopes, Corneal Topography Systems, Wavefront Analyzers & Aberrometers, Optical Biometry Systems], Application (Cataract, Age-related Macular Degeneration, Glaucoma, Retinopathy, Common Examination, Other Applications), Finish User (Hospitals, Clinics, Some other End Users), and Geography. The study also evaluates industry competitors and analyzes their market shares from the country and regional levels.

Based on product type, in 2022, the retina & glaucoma examination items segment is definitely expected to account for the largest share of the particular market. The particular rise in the cases associated with retina-related disorders, such as retinal tears, diabetic retinopathy, macular degeneration, and retinitis pigmentosa, and increasing cases of glaucoma worldwide are supporting the particular large market share of this segment. For instance, as per the data released simply by National Glaucoma Research (BrightFocus Foundation, U. S. ), as of 2022, 80 million people worldwide are affected by glaucoma, and this number is anticipated to boost to over 111 million by 2040.

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Based on application, the general examination segment is forecasted to register the highest CAGR during the particular forecast period. The key factors contributing to this particular segment’s growth are the growing awareness plus importance of total eye examinations due to the excessive use of mobile phones and laptops, leading to increased screen time.

Based upon end user, inside 2022, the clinics section is expected to account for the largest share associated with the marketplace. Availability of advanced technological equipment, the higher preference for clinics as a primary center of care in case of eyesight disorders, plus a high preference with regard to visiting treatment centers over other healthcare institutions are the particular factors supporting the large market share of this segment.

Based on geography, in 2022, North America can be expected to take into account the largest share of the particular optometry tools market. In 2022, the U. T. is anticipated to take into account the biggest share associated with the optometry equipment marketplace in North America. The U. S. has one of the most advanced health care systems globally. Availability of reimbursement policies, supportive initiatives regarding improving access to eyes care solutions, and high awareness associated with eye treatment among the Oughout. S. population are the key factors supporting the top discuss from the market.

In the last couple of years, the global optometry equipment marketplace has witnessed several strategic developments. The report includes an extensive assessment of the key growth strategies adopted by leading market participants between 2020 and 2022. Some of the particular key players operating in the worldwide optometry devices market are usually NIDEK CO. LTD. (Japan), Carl Zeiss Meditec AG (Germany), Alcon (U. S i9000. ), Heidelberg Engineering GmbH (Germany), Johnson & Manley (U. Ersus. ), Canon, Inc. (Japan), Bausch Health Companies Inc. (Canada), Escalon Medical Corp (U. Nasiums. ), Topcon Healthcare Solutions, Inc. (U. S. ), and HEINE Optotechnik GmbH & Co. KG (Germany).

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Scope of the particular Report:

Optometry Gear Market, simply by Product Kind

  • Retina & Glaucoma Examination Items
    • OCT Scanners           
    • Perimeters                     
    • Fundus Cameras 
    • Retinoscopes           
    • Ophthalmoscopes, Ophthalmic Lasers, and Ophthalmic Microscopes           
  • Keratometers, Autorefractors, and Lensometers                                                 
  • Ophthalmic Ultrasound Systems plus Digital Phoropters                                                        
  • Slit Lamps                                                     
  • Tonometers                                               
  • Retinal Imaging Systems                                   
  • General Exam Products                                               
  • Graph Projectors                               
    • Cataract & Cornea Examination Products             
    • Specular Microscopes             
    • Corneal Topography System                       
    • Wavefront Analyzers & Aberrometers
    • Optical Biometry Systems 

Optometry Equipment Marketplace, by Software

  • Cataract
  • Age-related Macular Degeneration
  • Glaucoma
  • Retinopathy
  • General Evaluation
  • Other Applications

Note: Additional applications include refractive errors, amblyopia, strabismus, and floaters .

Optometry Products Market, by End User

  • Hospitals
  • Clinics
  • Other End Users

Note: Other end users include academic and research institutes and retail optician shops .

Optometry Equipment Market, by Location

  • North America
    • U. S.
    • Canada
  • Europe
    • Germany
    • You. K.
    • France
    • Italy
    • Spain
    • Rest of Europe (RoE)
  • Asia-Pacific (APAC)
    • China
    • Japan
    • India
    • Rest of APAC (RoAPAC)
  • Latin The united states (LATAM)
    • Brazil
    • Mexico
    • Rest associated with Latin America (RoLATAM)
  • Middle East & Africa

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