Optometry Equipment Market Accrues Phenomenally by 2026 with a Staggering CAGR

Optometry Equipment Market To Witness
Widespread Expansion During 2026
Optometry Equipment Market, by Product Type (Retinoscopes, OCT Scanners,
Corneal Topography Systems, Visual Field Analyzers, Ophthalmic Ultrasound
Systems, Fundus Cameras, Autorefractors and Keratometers,
Ophthalmoscopes, Optical Biometry Systems, Specular Microscopes, Wavefront
Aberrometers, Other Equipment Types, Accessories), by End User (Eye
Specialty Clinics, Ophthalmic Hospitals, Academic and Research Institutions),
and by Region (North America, Latin America, Europe, Asia Pacific, the Middle
East, and Africa) - Size, Share, Trends, and Forecast to 2026
The Global Optometry Equipment Market size is estimated to be valued at US$ 3,285.7 million in
2018, and is expected to witness a CAGR of 5.6 % over the forecast period (2018 – 2026).
Optometry equipment are used to examine, diagnose, treat, and manage disease, injuries, disorders of
the visual system, and associated structures. Also, it is used to identify systemic conditions affecting the
eye. New technologies and diagnostic tools in optometric practice enhance the function of optometrist’s
clinical skills and optometry clinic instrumentation facilities. Increasing incidence of eye diseases,
availability of employer-sponsored vision care benefits; such as vision care insurance, discounted
vision exams, glasses and contact lenses, increasing awareness regarding benefits of routine eye
examination and reimbursement coverage for optometry services are expected to propel demand for
advanced optometry equipment during the forecast period.
Market Dynamics
Increasing incidence of various eye disease and new technology advancements in optometry
equipment, which helps to expand the scope and efficiency in vision care practices are expected to fuel
growth of the optometry equipment market. New diagnostic tools in the field of optometry equipment
market such as digital fundus camera, optimal coherence tomography, advanced retinal camera,
tonometer, specular microscope, ultra wide field internal imaging camera, slit camera, visual field
tester, automated refractor, and advanced phoropter are improving the diagnostic ability of an
optometrist.
Rising prevalence of eye disease is expected to augment the market growth
Rising prevalence of most common eye disease such as age-related macular degeneration (AMD),
cataract, glaucoma, and diabetic retinopathy are major driving factor for growth of the optometry
equipment market. For instance, according to the data published in the Glaucoma Research Foundation
(GRF) in October 2017, glaucoma accounts for around 10 million visits to physicians annually.
Furthermore, in terms of health care expenditure, glaucoma cost around US$ 1.5 billion to the U.S.
government, annually.
According to the Royal National Institute of Blind People (RNIB), more than 5.7 million people are
suffering from sight-threatening eye conditions in the U.K. Moreover, 2 million individuals were
suffering from sight loss in 2016, which is expected to rise by registering more than 2.7 million
individuals by 2030. Moreover, according to the Royal National Institute of Blind People (RNIB) data
findings, in 2014, around 350,000 people were registered as blind or partially sighted, which includes
291,100 individuals from England, 34,500 in Scotland, 16,939 in Wales and around 8000 in Northern
Ireland.
Detailed Segmentation:
•Global Optometry Equipment Market, By Product Type:
•Retinoscopes
•OCT Scanners
•Corneal Topography Systems
•Visual Field Analyzers
•Ophthalmic Ultrasound Systems
•Fundus Cameras
•Autorefractors and Keratometers
•Ophthalmoscopes
•Optical Biometry Systems
•Specular Microscopes
•Wavefront Aberrometers
•Other Equipment Types
•Accessories
•Global Optometry Equipment Market, By End User:
•Hospitals
•Eye Specialty Clinics
•Ambulatory Care Centers
•Others
According to the World Health Organization (WHO), global reports on Diabetes: 2016, an estimated 62
million people in the Americas were affected with diabetes. Furthermore, 62.85% male and 59.8% of
female were reported to shows the prevalence of being overweight in regions of the Americas, putting
them under increased risk of diabetes in future. This expected to register high revenue growth in
optometry equipment market during forecast period.
Some of the key players operating in the market include Canon Inc., Carl Zeiss AG, Escalon Services,
Inc., Essilor International S.A., Haag-Streit AG, Heidelberg Engineering GmbH, Heine Optotechnik
GmbH & Co. KG, Luneau Technology Group, NIDEK CO., LTD., Novartis International AG, and
Topcon Corporation.
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North America expected to lead the market, owing to increasing healthcare spending and rising
incidence of diabetes population
North America is expected to account for largest market share in optometry equipment market, owing
to increased awareness regarding the cataract, vision loss, other common eye disease, well established
healthcare infrastructure, favorable Medicare reimbursement facilities, and increasing incidence of
diabetes in the North and Latin America.
For instance, according to the U.S. Centers for Medicare & Medicaid Services, people having diabetes
or a family history of glaucoma are classified under group of high risk for glaucoma and covered for
glaucoma tests once every 12 months under Medicare Part B insurance plan. Moreover, increased
government spending to build efficient healthcare infrastructure by various government organizations is
expected to drive the optometry equipment market.
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The Global Optometry Equipment Market size is estimated to be valued at US$ 3,285.7 million in 2018, and is expected to witness a CAGR of 5.6 % over the forecast period (2018 – 2026).