The global Optometry Equipment market is anticipated to grow significantly at a CAGR of 5.6% over the forecast period (2021-2027). The key aspect that drives the growth of the global optometry equipment market is the rise in the prevalence of various eye disorders such as cataracts, glaucoma, refractive errors, Age-Related Macular Degeneration (AMD), diabetic retinopathy, and others. As per the WHO, in 2019, approximately 2.2 billion people globally were suffering from one or the other kind of visual impairment. Visual impairment may lead to various conditions such as accidents, depression, and anxiety disorders. Hence, it is necessary to cure such eye disorders and hence this is likely to bolster the market growth during the forecast period.
Browse the full report description of "Global Optometry Equipment Market Size, Share & Trends Analysis Report by Product Type (Diagnostic Equipment, Surgical Equipment (Cataract Surgery Devices, Glaucoma Surgery Devices, Vitreo Retinal Surgery Devices, and Other Surgical Equipment), and Laser Equipment) and by End-User (Hospitals & Clinics, Ophthalmology Centers, and Research Institutes) Forecast, 2021-2027" at https://www.omrglobal.com/industry-reports/optometry-equipment-market
The rising geriatric population is another major driving factor for the growth of the market during the forecast period. The rising geriatric population pool upsurges the need for advanced treatment options for various eye disorders. The elderly population is expanding as life expectancy and overall health have considerably improved during recent years. The elderly population is at an increased risk of developing visual impairment. In the elderly, the most common cause of vision loss includes cataracts, glaucoma, and AMD. Most aged people tend to develop cataracts and hyperopia and hence are considered as a key target audience for the market. This population pool is more susceptible to eye disease, resulting in the increasing demand for ophthalmic treatment. Hence, this is likely to spur the market growth during the forecast period.
Market Coverage
Key questions addressed by the report
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region/segment
Global Optometry Equipment Market – Segmentation
By Product Type
o Cataract Surgery Devices
o Glaucoma Surgery Devices
o Vitreo Retinal Surgery Devices
o Other Surgical Equipment
By End-Users
Global Optometry Equipment Market – Segmentation by Region
North America
Europe
Asia-Pacific
Rest of the World
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