Vision Care Devices And Equipment Market Size, Share, And Growth Rate Analysis 2023
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s vision care devices and equipment market report forecasts the vision care devices and equipment market size to grow to $38.1 Billion by 2027, with a CAGR (compound annual growth rate) of more than 6%.
Learn More On The Vision Care Devices And Equipment Market Report 2023 – https://www.thebusinessresearchcompany.com/report/vision-care-devices-and-equipment-global-market-report
Vision Care Devices And Equipment Market Size Forecast
The global vision care devices and equipment market is expected to grow from $27.1 billion in 2022 to $29.24 billion in 2023 at a compound annual growth rate (CAGR) of 7.9%. 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 vision care devices and equipment market size is expected to grow to $38.1 billion in 2027 at a CAGR of 6.8%.
North America held the largest vision care devices and equipment market share.
Key Vision Care Devices And Equipment Market Driver – Increase In The Use Of Electronic Devices
According to a survey by Deloitte, Americans collectively check their phones over 8 billion times per day. On average, every person spends about five hours daily browsing the internet and using apps.
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Key Vision Care Devices And Equipment Market Trend – Technological Advancement
Technological advancement in vision care devices has transformed eye care. Vision technology has witnessed some great scientific breakthroughs and innovations in the past few years and these advances are rapidly changing the future of those with chronic eye conditions. The innovation includes DriveSafe lenses with anti-glare coating to help with poor driving conditions, photochromic contact lenses that block the sun’s harmful UV rays, and blue light blocking glasses among others. Major companies such as Johnson & Johnson Vision have invested in adaptive lenses.
Vision Care Devices And Equipment Market Segment
1) By Type: Intraocular Lens, Ophthalmic Lasers, Glaucoma Drainage Devices, Contact Lenses, Other Types
2) By Application: Vision Care, Diagnosis, Surgery
3) By End User: Hospitals, Ambulatory Surgery Centers, Optical Centers, Other End users
Vision Care Devices And Equipment Market Major Players and Strategies
Major players in the vision care devices and equipment market are Essilor, Johnson & Johnson, ZEISS, The Cooper Companies, Novartis, Bausch & Lomb, Nidek Co. Ltd., Valeant Pharmaceuticals, Luxottica GROUP, and Escalon.
The Vision Care Devices And Equipment Global Market Report 2023 covers regional data on vision care devices and equipment market size, vision care devices and equipment market trends and drivers, opportunities, strategies, and vision care devices and equipment market competitor analysis. The countries covered in the vision care devices and equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Vision care devices and equipment are used to treat eye vision problems. The main types of vision care devices and equipment are intraocular lenses, ophthalmic lasers, glaucoma drainage devices, and others.
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