Global Optometry Equipment Market

Optometry Equipment Market Size, Share, Growth Analysis, By Type (Retina & Glaucoma Examination Products, General Examination Products), By Application (Cataract, Glaucoma), By End User (Eye Clinics, Hospitals), By Region - Industry Forecast 2025-2032


Report ID: SQMIG35A2313 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 89 | Figures: 76

Optometry Equipment Market Insights

Optometry Equipment Market size was valued at USD 4.29 Billion in 2023 and is poised to grow from USD 4.56 Billion in 2024 to USD 7.39 Billion by 2032, growing at a CAGR of 6.23% during the forecast period (2025-2032).

The global optometry equipment market is experiencing steady growth, driven by various factors such as the rising prevalence of eye disorders, increasing awareness about eye care, technological advancements in optometry equipment, and a growing ageing population. With the rising adoption of digital devices, prolonged screen time, and lifestyle changes, the incidence of conditions like myopia, hyperopia, astigmatism, and age-related macular degeneration is on the rise. This has led to a greater demand for optometry equipment that can accurately diagnose and manage these conditions. Moreover, there is a growing awareness among individuals about the importance of regular eye check-ups and early detection of eye disorders. This awareness is driving the demand for optometry equipment, as more people are seeking professional eye care services. Additionally, governments and healthcare organisations across the globe are actively promoting eye health and conducting awareness campaigns, further fueling the market growth.

US Optometry Equipment Market is poised to grow at a sustainable CAGR for the next forecast year.

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Global Optometry Equipment Market size was valued at USD 4.0 billion in 2022 and is poised to grow from USD 4.25 billion in 2023 to USD 6.93 billion by 2031, growing at a CAGR of 6.3% during the forecast period (2024-2031).

The global optometry equipment market is highly competitive and characterised by the presence of several key players. These companies are actively involved in the development, manufacturing, and distribution of a wide range of optometry equipment used by optometrists and ophthalmologists worldwide. The market offers a diverse range of products and solutions that cater to the diagnostic, treatment, and vision correction needs of patients. 'Carl Zeiss Meditec AG (Germany) ', 'Topcon Corporation (Japan) ', 'Nidek Co., Ltd. (Japan) ', 'Alcon (Switzerland) ', 'Canon Inc. (Japan) ', 'Bausch Health Companies Inc. (Canada) ', 'Heidelberg Engineering GmbH (Germany) ', 'Revenio Group Plc (Finland) ', 'Halma plc (Keeler Ltd.) (UK) ', 'AMETEK, Inc. (Reichert Technologies) (USA) ', 'Oculus Inc. (USA) ', 'Haag-Streit AG (Switzerland) ', 'Huvitz (South Korea) ', 'EssilorLuxottica (France/Italy) ', 'Johnson & Johnson (USA) ', 'HEINE Optotechnik (Germany) ', 'Escalon Medical (USA) ', 'Rudolf Riester GmbH (Germany) ', 'Luneau Technology (France) ', 'Neitz (Japan)'

The optometry equipment market is experiencing a surge in demand due to the increasing need for vision correction procedures, including LASIK and refractive lens exchange. These procedures rely on sophisticated diagnostic and surgical equipment like excimer lasers, corneal topographers, and intraocular lenses (IOLs). As a result, there is a rising demand for optometry equipment to cater to these procedures, driving market growth.

Increasing Use of Digital Technologies: Digital technologies are being increasingly adopted in optometry. This is leading to the development of new and innovative optometry equipment such as digital imaging systems and telemedicine systems.

The most dominant region in the global optometry equipment market is North America. The region has a well-established healthcare infrastructure, a high adoption rate of advanced medical technologies, and a strong presence of key players in the optometry equipment industry. Countries like the US and Canada have a significant demand for optometry equipment due to a large population base, increasing prevalence of eye disorders, and a focus on advanced eye care services. North America is also known for its strong research and development activities, contributing to the dominance of the region in the optometry equipment market.

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Global Optometry Equipment Market

Report ID: SQMIG35A2313

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