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The vision care devices and equipment market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 6%, as per The Business Research Company’s market report!

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The Vision Care Devices And Equipment Market Size In 2022 And Forecast
The global vision care devices and equipment market grew from $24.47 billion in 2021 to $26.89 billion in 2022 at a compound annual growth rate (CAGR) of 9.9%. 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, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The vision care devices and equipment market is expected to grow to $34.31 billion in 2026 at a CAGR of 6.3%.

The vision care devices and equipment market consist of sales of vision care devices and equipment which are used to treat eye vision problems.

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Rise In The Use Of Electronic Devices Is Driving The Growth Of The Vision Care Devices And Equipment Market
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.

Competitive Landscape And The Regional Analysis Of The Vision Care Devices And Equipment Market
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.

Additionally, as per TBRC’s research – North America was the largest region in the vision care devices and equipment market in 2021 holding the largest market share.

The Vision Care Devices And Equipment Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. 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. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the vision care devices and equipment market.

Technological Advancement – A Key Trend In The Vision Care Devices And Equipment Market
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.

Vision Care Devices And Equipment Market Segmentation By The Business Research Company

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

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