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Eye Testing Equipment Market Share, Leading Players and Forecast Report 2030
According to the report of P&S Intelligence, the eye testing equipment market will reach over $5,246 million by 2030.
By: P&S Intelligence
Glaucoma will have the fastest growth, at a rate of 8%, in the years to come, as this eye disorder is extremely predominant. In 2020, about 78 million people had glaucoma, and this will be approximately 110 million by 2040.
OCT and tonometry support in diagnosing glaucoma, that is the reason why the rising frequency of this illness will power the requirement for OCT devices and tonometers.
Autorefractor and phoropter category had in excess of 30% in 2021. This is accredited to the snowballing occurrence of myopia in adults and children, which is powering eyeglasses demand and the eye examination market.
The OCT device category will witness the fastest growth in the years to come, as OCT is a non-invasive imaging method used to conduct an optical biopsy. Moreover, the method is more helpful than traditional ones, and the device put to use for it is portable and compact.
Hospitals and eye clinics dominate the eye testing equipment market in the recent past, as these medical facilities are favored by people with eye issues. Frequently, in developing economies, hospitals and eye clinics are the only facilities for executing eye treatment and diagnosis procedures.
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Furthermore, the increasing disposable income, improving healthcare infra, and growing knowledge and consciousness about eye treatments across the world are the main factors driving the industry.
Also, optometry academic institutes had over 15% share, as numerous optometry academic institutes conduct general eye testing programs at numerous government campuses and educational institutions. Programs for example single-day vision testing in urban and rural areas are powering the requirement for eye testing equipment.
It is because of the advancement in the technology of ophthalmic diagnostics, the demand for eye testing equipment will be on the rise in the years to come.
Page Updated Last on: Sep 22, 2023