Global Optometry Equipment Market
Medical Equipment

Optometry Equipment Market Forecast 2023-2027 By The Business Research Company

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 optometry equipment market report forecasts the optometry equipment market size to grow to $4.41 Billion by 2027, with a CAGR (compound annual growth rate) of more than 6%.

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Optometry Equipment Market Size Forecast
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%.

North America held the largest optometry equipment market share.

Key Optometry Equipment Market Driver ­– Increase In The Prevalence Of Eye Diseases
According to the World Health Organization, a United Nations specialised agency based in Switzerland that is responsible for international public health, at least 2.2 billion people worldwide will have a near or distance vision impairment in 2022, with at least 1 billion – or nearly half – of these cases preventable or unaddressed vision impairment. As a result, the rising prevalence of eye diseases is expected to propel the optometry equipment market forward in the coming years.

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Key Optometry Equipment Market Trend – Technological Advancement
To maintain their market position, major market players in the optometry equipment market are developing advanced technologies. NIDEK CO. Ltd., a Japanese designer, manufacturer, and distributor of ophthalmic, optometric, and lens edging equipment, introduced the ME-1500 Multifunction Edger and ICE-1500 Intelligent Blocker in 2020, a technology that provides expert lens edging. NIDEK’s proprietary processing method yields edging that is comparable to the work of a master craftsman and has a high percentage of one-cut fit accuracy. Because of its ergonomic and small design, as well as its bright LCD touch screen, the operator has complete control over all tasks. Furthermore, the company introduces the ICE-1500, an advanced intelligent blocker. The foundation of all lens processing is precise blocking. The foundation of all lens processing is precise blocking. Eyewear that is flawlessly constructed increases customer satisfaction. When the ICE-1500 and ME-1500 are used in tandem, it is simple to create both standard jobs and one-of-a-kind eyewear with design features while maintaining consistent data management and workflow. The ICE-1500 is critical when it comes to lens edging. It works in the background and finally contributes to a superb lens finish.

Optometry Equipment Market Segment
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

Optometry Equipment Market Major Players and Strategies
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.

Santinelli International was acquired for an undisclosed sum by Advancing Eyecare, a US-based ophthalmic instrument company, in January 2022. The acquisition of Santinelli International is a natural fit for Advancing Eyecare, which is always looking for new ways to help ophthalmic practises thrive. Santinelli International is a company based in the United States that specialises in optical finishing equipment.

The Optometry Equipment Global Market Report 2023 covers regional data on optometry equipment market size, optometry equipment market trends and drivers, opportunities, strategies, and optometry equipment market competitor analysis. The countries covered in the optometry 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.

Optometry equipment is used to prevent accidents, illnesses, and eye damage. Ophthalmic equipment is used to drain or supply the eye or eye structures.

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