The global eye examination equipment market size is expected to reach USD 8.8 billion by 2025, progressing at a CAGR of 6.2% during the forecast period.
Increasing prevalence of eye-related disorders is anticipated to drive the demand for advanced ophthalmic treatment procedures over the forecast period.
Growing global geriatric population is another factor propelling the optometry/eye examination equipment market. According to U.S. Census Bureau published on June 2017, the total population aged 65 and older in the U.S. increased to 49.2 million in 2016, accounting for 15.2% of the total population, from 35 million in 2000, which represented only 12.0% of the total population. Mounting cases of age-related disorders including glaucoma, cataracts, and age-related macular degeneration (AMD) are likely to stoke the growth of the market.
Further key findings from the report suggest:
Growing prevalence of eye diseases and influx of technologically advanced ophthalmic devices are anticipated to boost the growth of the optometry/eye examination equipment market over the forecast period
Ophthalmic ultrasound imaging systems are expected to exhibit the fastest growth over the coming years, owing to rising penetration of B-Scan ultrasound
Hospitals accounted for the largest revenue share in the market in 2017, owing to rising ophthalmic surgical procedures in hospitals
North America held the dominant share in the optometry/eye examination equipment market in 2017, due to presence of well-established healthcare setting and treatment facility, surging demand for technologically advanced healthcare products, and favorable reimbursement facilities.
The market in Asia Pacific, especially Japan and India, are estimated to witness remarkable growth during the forecast period due to increasing investments in the healthcare sector. In Feb 2017, the Japan government invested USD 500 million to build a new eye hospital in order to fulfil the vision 2020 approach by WHO.
Some of the key companies present in the market are Carl Zeiss Meditec AG; Bausch & Lomb Inc.; Johnson & Johnson Vision Care Inc.; Novartis AG; NIDEK CO.; LTD; and Canon
Chapter 2 Research Methodology 2.1 Model Details 2.2 Information Procurement 2.3 List Of Primary Sources 2.4 Primary Interview Breakup 2.5 List Of Secondary Sources
Chapter 3 Report Objectives 3.1 Objectives
Chapter 4 Executive Summary 4.1 Market Summary
Chapter 5 Market Definitions 5.1 Definitions
Chapter 6 Optometry/Eye Examination Equipment Market: Industry Outlook 6.1 Market Variable Analysis 6.2 Market Driver Analysis 6.2.1 Rising Prevalence of eye diseases 6.2.2 Technological advancements in ophthalmic surgical and diagnostic instruments 6.2.3 Government Initiatives For Increasing Awareness Related To Visual Impairment 6.3 Market Restraints Analysis 6.3.1 Lack Of Trained Ophthalmologist In Developing Nations 6.3.2 High Cost Of Devices In Developing In Nations 6.4 Business Environment Analysis Tools 6.4.1 Optometry/Eye Examination Equipment - Swot Analysis, By Factor (Political & Legal, Economic And Technological) 6.4.2 Porter's Five Forces Analysis
Chapter 7 Regulatory & Political Forces 7.1 Regulatory Landscape 7.1.1 List Of Regulations, By Country 7.1.2 U.S. 7.1.3 European Countries 7.1.4 Japan 7.1.5 China 7.1.6 India 7.1.7 Latin American Countries 7.1.8 South Africa 7.2 Political Landscape, Current & Future Scenario 7.2.1 North America 7.2.2 Europe 7.2.3 Asia Pacific 7.2.4 Latin America 7.2.5 MEA
Chapter 8 Competitive & Vendor Landscape 8.1 Market Participation Categorization 8.1.1 Market Leader 8.1.2 Innovators 8.2 Strategic Initiatives & Outcome Analysis 8.3 List of Key Companies, By Product 8.4 Company Market Share Analysis 8.4.1 Optometry/Eye Examination Equipment Company Market Share Analysis, 2017
Chapter 9 Optometry/Eye Examination Equipment Market: Product Analysis 9.1 Product Business Analysis 9.2 Optical Coherence Tomography (OCT) 9.2.1 Oct Market Estimates And Forecasts, 2014 - 2025 (USD Million) 9.3 Ophthalmic Ultrasound Imaging Systems 9.3.1 Ophthalmic Ultrasound Imaging Systems Market Estimates And Forecasts, 2014 - 2025 (USD Million) 9.3.1.1 a-scan 9.3.1.2 b-scan 9.4 Corneal Topography Systems 9.5 Slit Lamps 9.6 Tonometers 9.7 Ophthalmoscopes 9.8 Perimeters/Visual Field Analyzers 9.9 Fundus Cameras 9.10 Autorefractors and Keratometers 9.11 Others
Did you know that we also offer Custom Research? Visit our Custom Research page to learn more and schedule a meeting with our Custom Research Manager.
CONTACT: ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Optical
Related Links:
Author: Copyright GlobeNewswire, Inc. 2016. All rights reserved. You can register yourself on the website to receive press releases directly via e-mail to your own e-mail account.
Real-time