“Optometry Equipment Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on optometry equipment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Where is the largest and fastest growing market for optometry equipment? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The optometry equipment market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Scope
Markets Covered:
- 1) By Product: Cataract Surgery Devices; Glaucoma Surgery Devices; Ophthalmic Diagnostic Equipment; Vitreo Retinal Surgery Devices; Ophthalmic Lasers
- 2) By Type Of Examination: Retina Examination; Cornea Examination; General Examination
- 3) By End-User: Hospital Outpatients; Physician Practice; Specialty Clinics; Ambulatory Care Centers; Research Institutes
- Companies Mentioned: Carl Zeiss Meditec AG; Haag-Streit Group; Topcon Medical Systems; NIDEK Co. Ltd.; Heidelberg Engineering Inc.
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the optometry equipment market are Carl Zeiss Meditec AG, Haag-Streit Group, Topcon Medical Systems, NIDEK Co. Ltd., Heidelberg Engineering Inc., Novartis AG, Canon Singapore Pte. Ltd., Essilor International SA, HEINE Optotechnik GmbH & Co., Ziemer Ophthalmic Systems AG, Alcon, Bausch Health Companies Inc., Johnson & Johnson, Halma Plc., Revenio Group Plc., AMETEK PIP Holdings Inc., Oculus Inc., Myriad Genetic Laboratories Inc., Abbott Laboratories, F. Hoffmann-La Roche AG, DermTech Inc., ARUP Laboratories, Escalon Services Inc., and Luneau Technology Group.
The global optometry equipment market is expected to grow from $3.24 billion in 2022 to $3.46 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The optometry equipment market is expected to grow to $4.41 billion in 2027 at a CAGR of 6.3%.
The optometry equipment market consists of sales of OCT (optical coherence tomography) scanners, fundus cameras, ophthalmoscopes, and visual field analyzers. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Optometry equipment refers to equipment used to preventing accidents, illness, and eye damage. Ophthalmic equipment is used to drain or supply the eye or constructions in the eye area.
North America was the largest region in the optometry equipment market in 2022. The regions covered in the optometry equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main products of optometry equipment are cataract surgery devices, glaucoma surgery devices, ophthalmic diagnostic equipment, vitreoretinal surgery devices, and ophthalmic lasers. Cataract surgery devices refer to the cloudy natural lens being removed during cataract surgery and replaced with a clear artificial lens. The types of examination involved are retina examination, cornea examination, and general examination which are used by hospital outpatients, physician practice, specialty clinics, ambulatory care centers, and research institutes end users.
The increasing prevalence of eye diseases is driving the growth of the optometry equipment market. Eye diseases refer to any diseases or disorders that affect the human eye. Due to the widespread prevalence of eye diseases, optometry equipment is being used to provide an objective determination of refractive error and for looking inside the eye. The optometry equipment is used to search for magnified examination of the anterior segment of the eye, to check the power and axis of a cylindrical lens, and to check the power and axis of a contact lens. For instance, according to the World Health Organization, a Switzerland-based specialized agency of the United Nations responsible for international public health, in 2022, at least 2.2 billion people have a near or distance vision impairment globally and at least 1 billion - or almost half - of these cases, vision impairment could have been prevented or has yet to be addressed. Therefore, the increasing prevalence of eye diseases is expected to propel the growth of the optometry equipment market over the coming years.
Technological advancement is a key trend gaining popularity in the optometry equipment market. Major market players operating optometry equipment market are developing advanced technologies to sustain their position in the market. In 2020, NIDEK CO. Ltd., a Japan-based designer, manufacturer, and distributor of ophthalmic, optometric, and lens edging equipment launched ME-1500 Multifunction Edger and ICE-1500 Intelligent Blocker, a technology to deliver expert lens edging. The unique processing method used by NIDEK produces edging that is comparable to the work of a master craftsman and has a high percentage of one-cut fit accuracy. The operator has complete control over all the tasks due to its ergonomic and small design and bright LCD touch screen. Additionally, the company presents the ICE-1500, an advanced intelligent blocker. All lens processing is built on precise blocking. Customer satisfaction is increased by eyewear that is flawlessly constructed. When the ICE-1500 and ME-1500 are used together, it is easy to create both regular jobs and one-of-a-kind eyewear with design features while also maintaining steady data management and workflow. When it comes to lens edging, the ICE-1500 is crucial. It functions in the background and finally supports a superb lens finish.
In January 2022, Advancing Eyecare, a US-based company engaged in ophthalmic instruments acquired Santinelli International for an undisclosed amount. The acquisition of Santinelli International is a natural fit for Advancing Eyecare, which is always looking for new ways to help ophthalmic practices thrive. Santinelli International is a US-based company engaged in optical finishing equipment.
The countries covered in the optometry equipment market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The optometry equipment market research report is one of a series of new reports from The Business Research Company that provides optometry equipment market statistics, including optometry equipment industry global market size, regional shares, competitors with optometry equipment market share, detailed optometry equipment market segments, market trends, and opportunities, and any further data you may need to thrive in the optometry equipment industry. This optometry equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
Table of Contents
1. Executive Summary
2. Optometry Equipment Market Characteristics
3. Optometry Equipment Market Trends And Strategies
4. Optometry Equipment Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Optometry Equipment Market
- 4.2. Ukraine-Russia War Impact On Optometry Equipment Market
- 4.3. Impact Of High Inflation On Optometry Equipment Market
5. Optometry Equipment Market Size And Growth
- 5.1. Global Optometry Equipment Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Optometry Equipment Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Optometry Equipment Market Segmentation
- 6.1. Global Optometry Equipment Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Cataract Surgery Devices
- Glaucoma Surgery Devices
- Ophthalmic Diagnostic Equipment
- Vitreo Retinal Surgery Devices
- Ophthalmic Lasers
- 6.2. Global Optometry Equipment Market, Segmentation By Type Of Examination, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Retina Examination
- Cornea Examination
- General Examination
- 6.3. Global Optometry Equipment Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Hospital Outpatients
- Physician Practice
- Specialty Clinics
- Ambulatory Care Centers
- Research Institutes
7. Optometry Equipment Market Regional And Country Analysis
- 7.1. Global Optometry Equipment Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Optometry Equipment Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Optometry Equipment Market
- 8.1. Asia-Pacific Optometry Equipment Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Optometry Equipment Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Optometry Equipment Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Optometry Equipment Market
- 9.1. China Optometry Equipment Market Overview
- 9.2. China Optometry Equipment Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Optometry Equipment Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Optometry Equipment Market
- 10.1. India Optometry Equipment Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Optometry Equipment Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Optometry Equipment Market
- 11.1. Japan Optometry Equipment Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Optometry Equipment Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Optometry Equipment Market
- 12.1. Australia Optometry Equipment Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Optometry Equipment Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Optometry Equipment Market
- 13.1. Indonesia Optometry Equipment Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Optometry Equipment Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Optometry Equipment Market
- 14.1. South Korea Optometry Equipment Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Optometry Equipment Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Optometry Equipment Market
- 15.1. Western Europe Optometry Equipment Market Overview
- 15.2. Western Europe Optometry Equipment Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Optometry Equipment Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Optometry Equipment Market
- 16.1. UK Optometry Equipment Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Optometry Equipment Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Optometry Equipment Market
- 17.1. Germany Optometry Equipment Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Optometry Equipment Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Optometry Equipment Market
- 18.1. France Optometry Equipment Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France Optometry Equipment Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Optometry Equipment Market
- 19.1. Eastern Europe Optometry Equipment Market Overview
- 19.2. Eastern Europe Optometry Equipment Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Optometry Equipment Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Optometry Equipment Market
- 20.1. Russia Optometry Equipment Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Optometry Equipment Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Optometry Equipment Market
- 21.1. North America Optometry Equipment Market Overview
- 21.2. North America Optometry Equipment Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Optometry Equipment Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Optometry Equipment Market
- 22.1. USA Optometry Equipment Market Overview
- 22.2. USA Optometry Equipment Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Optometry Equipment Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Optometry Equipment Market
- 23.1. South America Optometry Equipment Market Overview
- 23.2. South America Optometry Equipment Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Optometry Equipment Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Optometry Equipment Market
- 24.1. Brazil Optometry Equipment Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Optometry Equipment Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Optometry Equipment Market
- 25.1. Middle East Optometry Equipment Market Overview
- 25.2. Middle East Optometry Equipment Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Optometry Equipment Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Optometry Equipment Market
- 26.1. Africa Optometry Equipment Market Overview
- 26.2. Africa Optometry Equipment Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Optometry Equipment Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Optometry Equipment Market Competitive Landscape And Company Profiles
- 27.1. Optometry Equipment Market Competitive Landscape
- 27.2. Optometry Equipment Market Company Profiles
- 27.2.1. Carl Zeiss Meditec AG
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Haag-Streit Group
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Topcon Medical Systems
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. NIDEK Co. Ltd.
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Heidelberg Engineering Inc.
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Optometry Equipment Market
29. Optometry Equipment Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer