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Optometry Equipment Market Worth $6.1 Billion | Marketsandmarkets™
According to product type, the worldwide optometry equipment market is divided into three segments: goods for general examinations, cornea and cataract examinations, and products for glaucoma and retinal examinations. In2023, the optometry equipment market was dominated by the sector that produced examination goods for glaucoma and retina. The significant portion of the market is due to a variety of factors, including the expansion of clinics, the increasing incidence of glaucoma and retinal disorders, the easier availability to modern ophthalmic diagnostic technologies, and technological advancements in optometry equipment.
The market for optometry equipment is divided into segments based on applications, including age-related macular degeneration, cataract surgery, glaucoma, and general exams. As of 2023, the worldwide optometry equipment market was dominated by the general examination segment. The primary factors influencing this segment's size include the aging population, the rise in the prevalence of eye diseases, and the number of cases of diabetes and hypertension.
By end user, the optometry equipment market is divided into eye clinics, hospitals, and other consumers. The sector that held the biggest share of the global optometry equipment market in 2023 was clinics. This sector makes up a sizeable share of the market because of the vast number of patients treated in clinics and the increasing number of private clinical practices founded by ophthalmologists in emerging countries.
There are five main regions that make up the global market for optometry equipment: North America , Europe , Asia Pacific , and Rest of the World (which includes Latin America , the Middle East & Africa , and GCC countries). In terms of market share, North America led the optometry equipment market in 2023. Some of the contributing factors are the rising prevalence of ocular diseases, the rapidly aging population, the accessibility of state-of-the-art optometry equipment, and the growing utilization of ophthalmology procedures and therapies in this field.
The major players leading in optometry equipment market are Carl Zeiss Meditec AG ( Germany ), EssilorLuxottica ( France ), Alcon ( Switzerland ), Topcon Corporation ( Japan ), Bausch Health Companies Inc. ( Canada ), NIDEK Co. Ltd. ( Japan ), Canon Inc. ( Japan ), Johnson and Johnson (US), HEINE Optotechnik ( Germany ), Revenio Group PLC ( Finland ), Haag-Streit Group ( Switzerland ) and Heidelberg Engineering ( Germany ).
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall optometry equipment market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
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