Top Growth Trends in the Vision Care Devices And Equipment Market: Insights into Market Size and Opportunities for 2025-2034
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
Which Major Market Drivers Are Expected to Boost the Growth Potential of the Vision Care Devices And Equipment Market?
The growing reliance on electronic devices is fueling the demand for vision care devices and equipment. With the widespread use of laptops, mobile phones, and other electronic gadgets, more individuals are experiencing eye-related issues. A survey by Deloitte revealed that Americans check their phones over 8 billion times a day, leading to increased demand for vision care solutions.
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How Has the Vision Care Devices And Equipment Market Evolved in Recent Years, and What are the Growth Projections for the Forecast Period?
The vision care devices and equipment market size has grown rapidly in recent years. It will grow from $25.5 billion in 2024 to $29.12 billion in 2025 at a compound annual growth rate (CAGR) of 14.2%. This growth is driven by heightened awareness about eye health, the aging population, fashion and aesthetics, and increased screen time leading to a higher prevalence of vision issues.
The vision care devices and equipment market is expected to grow to $44.29 billion by 2029, at a CAGR of 11.0%. Growth drivers include digital eye strain, aging demographics, myopia management, and sustainable products. Trends include smart eyewear, customized/3D-printed eyewear, AI-powered eye exams, and teleophthalmology.
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Who Are the Top Companies Driving Innovation and Growth in theVision Care Devices And Equipment Market?
Major companies operating in the vision care devices and equipment market include Essilor International, Johnson & Johnson, Carl Zeiss AG, The Cooper Companies, Novartis AG, Bausch & Lomb, Nidek Co.Ltd., Valeant Pharmaceuticals International Inc., Luxottica Group SpA, Escalon Services, Tomey Corporation, CIBA Vision Corporation, Visionix Ltd., Potec, LuxVisions Innovation Limited, Heine Optotechnik, Luneau Technology Operations SAS, Heidelberg Engineering Inc., Huvitz Technologies, STAAR Surgical Company, Swiss Advanced Vision, Visioneering Technologies Inc., Rayner Intraocular Lenses Limited, Jiangsu Hongchen Optical Co. Ltd., Alcon, Hoya Corporation, Topcon Corporation, Carl Zeiss Meditec AG, Lumenis Ltd., Ellex Medical Pty Ltd., Abbott Medical Optics, Canon Medical Systems, Haag-Streit AG, Optovue Inc., Quantel Medical SAS, VisionCare Devices LLC, Med-Logics Inc., Advanced Vision Science Inc., Eyenovia Inc., HumanOptics Holding AG, Clearside Biomedical Inc.
Which Key Market Segments Comprise the Vision Care Devices And Equipment Market and Drive Its Revenue Growth?
The vision care devices and equipment market covered in this report is segmented –
1) By Type: Intraocular Lens, Ophthalmic Lasers, Glaucoma Drainage Devices, Contact Lenses, Other Types
2) By Aplication: Vision Care, Diagnosis, Surgery
3) By End User: Hospitals, Ambulatory Surgery Centers, Optical Centers, Other End Users
Subsegments:
1) By Intraocular Lens (IOL): Monofocal IOLs, Multifocal IOLs, Toric IOLs, Accommodating IOLs, Phakic IOLs
2) By Ophthalmic Lasers: Excimer Lasers, Femtosecond Lasers, YAG Lasers, Diode Lasers, Argon Lasers
3) By Glaucoma Drainage Devices: Shunt Implants, Tube Drainage Implants, Cyclodestructive Procedures, Valved Drainage Devices
4) By Contact Lenses: Soft Contact Lenses, Rigid Gas Permeable Lenses, Toric Lenses, Scleral Lenses, Hybrid Contact Lenses
5) By Other Types: Retinal Implant Devices, Corneal Implants, Vision Correction Devices, Eye Examination Equipment
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Which Regions Are Emerging as Leaders in the Vision Care Devices And Equipment Market?
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.
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