Optometry Equipment Market: Product Innovation and Differentiation to Rope in Significant Growth Opportunities
As the need to conduct various
eye check-ups persist, demand for the
optometry equipment will remain high in the global market. In addition, growing
prevalence of diabetes has led to an increase in the number of eye disorders
such as glaucoma, cataract, and macular degeneration. Prevalence of various eye
disorders has revved up demand for the optometry devices in the healthcare
industry globally. In order to offer better patient care, leading manufacturers
are focusing on incorporating innovative technological solutions in the
optometry equipment.
Major manufacturers are
concentrating on integrating cutting-edge technology in the optometry equipment
that enables the ophthalmologists to perform cataract surgeries effectively.
Leading manufacturers are also focusing on incorporating light-adjustable lens,
femtosecond laser, corneal inlays, and
dry eye technology. Through product innovation and differentiation, leading
firms are focusing on attaining a competitive edge in the global market.
Over
US$ 3,300 Mn Opportunity in Global Optometry Equipment Market
According to Fact.MR, the
global optometry
equipment market is expected to reach a value of more than US$ 3,300 Mn by
2026-end. Prevalence of various eye disorders has led to a surge in demand for
the optometry equipment. In addition, diabetic individuals are often prone to
various diseases such as glaucoma, cataract, and macular degeneration. With the
increasing number of cases regarding diabetic retinopathy, leading
manufacturers are focusing on developing innovative optometry devices for an effective treatment process. As high blood-sugar level in the retina results
in leaking and swelling of the eye, individuals are required to get a dilated check-up of their eyes each year. A
recent report published by CDC states that 9.4% of the U.S. population, which
is 30.3 million people are diabetic.
Increasing use of electronic
devices such as tablets, smartphones, and laptops among individuals has further
resulted in various eye disorders. In addition, excessive exposure to digital
screens results in digital eye syndrome and dry eye syndrome cases. Growing
need to conduct treatment procedures for eye disorders such as dry eye
syndrome, presbyopia, astigmatism, hyperopia, and myopia is projected to rev up
demand for the optometric devices in the healthcare institutions. In order to
offer enhanced customer services, leading firms are offering optometric devices
equipped with cutting-edge technology that enable the ophthalmologists to
perform the treatment process accurately. Moreover, manufacturers are also
developing optometry devices that offer non-invasive treatment procedure for
better patient care.
Increasing preference for the
non-invasive treatment imaging techniques is projected to fuel demand for the
optical coherence tomography (OCT) scanners. The OCT scanners are projected to represent the significant
growth in terms of revenue in the global market by the end of 2026. On the
other hand, corneal topography systems among other products are expected to reflect the fastest growth in
the global market throughout 2026. Demand for the optometry devices is
projected to remain high in the healthcare institutions such as clinics
globally. In terms of revenue, clinics are
expected to record a significant growth in the global market by the end of
2017. In contrary, the other end users are
projected to witness the fastest growth in the global market throughout
2026.
Major players in the global
market are Luneau
Technology, Escalon, Heine Optotechnik, Canon, Essilor, Novartis, Valeant,
Heidelberg Engineering, Topcon, Nidek, Carl Zeiss, and Haag-Streit.
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