Next-Gen Vision Care Devices And Equipment : Market Forecast, Transformation, and Long-Term Trajectories
Discover trends, market shifts, and competitive outlooks for the vision care devices and equipment industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research
#What is the Projected CAGR for the Vision Care Devices And Equipment Market Size from 2025 to 2034?#_x000D_
In recent times, the market size for vision care devices and equipment has witnessed a swift surge. It’s projected to climb from $25.5 billion in 2024 to a massive $29.12 billion in 2025, indicating a firm compound annual growth rate (CAGR) of 14.2%. Factors such as heightened awareness about eye health, older population, fashion and aesthetics, as well as an augmentation in screen time have significantly attributed to this substantial growth in the historic period._x000D_
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Over the next few years, the market for vision care devices and equipment is predicted to experience swift expansion. The estimation suggests that it will reach $44.29 billion in 2029, with a compound annual growth rate (CAGR) of 11.0%. The growth throughout the forecast period is driven by factors such as digital eye strain, an aging population, myopia control, and a demand for sustainable and ecologically-friendly products. Key trends expected during the forecast period encompass smart eyewear, personalized and 3D-printed glasses, AI-enhanced eye exams, and teleophthalmology._x000D_
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#Which Major Market Drivers Are Expected to Boost the Growth Potential of the Vision Care Devices And Equipment Market?#_x000D_
The proliferation of electronic devices in our daily lives is a significant catalyst for growth in the vision care devices and equipment market. The augmented utilization of gadgets such as laptops, mobiles, PCs, along with other electronics, forms a notable source of potential eye problems. Data from a Deloitte survey indicates that, in America alone, people check their phones over 8 billion times daily. This translates to an average individual spending approximately five hours per day on web browsing and app usage._x000D_
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#Which Key Market Segments Comprise the Vision Care Devices And Equipment Market and Drive Its Revenue Growth?#_x000D_
The vision care devices and equipment market covered in this report is segmented –_x000D_
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1) By Type: Intraocular Lens, Ophthalmic Lasers, Glaucoma Drainage Devices, Contact Lenses, Other Types_x000D_
2) By Aplication: Vision Care, Diagnosis, Surgery_x000D_
3) By End User: Hospitals, Ambulatory Surgery Centers, Optical Centers, Other End Users_x000D_
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Subsegments:_x000D_
1) By Intraocular Lens (IOL): Monofocal IOLs, Multifocal IOLs, Toric IOLs, Accommodating IOLs, Phakic IOLs_x000D_
2) By Ophthalmic Lasers: Excimer Lasers, Femtosecond Lasers, YAG Lasers, Diode Lasers, Argon Lasers_x000D_
3) By Glaucoma Drainage Devices: Shunt Implants, Tube Drainage Implants, Cyclodestructive Procedures, Valved Drainage Devices_x000D_
4) By Contact Lenses: Soft Contact Lenses, Rigid Gas Permeable Lenses, Toric Lenses, Scleral Lenses, Hybrid Contact Lenses_x000D_
5) By Other Types: Retinal Implant Devices, Corneal Implants, Vision Correction Devices, Eye Examination Equipment_x000D_
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#Which Areas Are Leading Regions in the Vision Care Devices And Equipment Market Expansion Across the Globe?#_x000D_
North America was the largest region in global vision care devices and equipment market in 2023. Asia-Pacific was the second-largest region in the vision care devices and equipment market share. The regions covered in the vision care devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa._x000D_
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#How Is the Vision Care Devices And Equipment Market Conceptually Defined?#_x000D_
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._x000D_
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