How is Increasing Diabetes Prevalence Stimulating Optometry Equipment Sales

Estimated to witness ~4% Y-o-Y growth in the revenues over 2018, the global optometry equipment market is likely to reach ~US$ 4 Bn in 2019. Fact.MR’s latest market intelligence on optometry equipment suggests that ~37% of overall sales are accounted by ophthalmic diagnostic equipment, which points to the soaring significance of diagnostics in the eye car industry. The report also points to the promising progress in the revenue shares of surgery devices in optometry equipment market.

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The global optometry equipment market is expected to experience promising growth over the forecast period. The report attributes this growth outlook to an increase in the geriatric population and the subsequent rise in prevalence of Asthenopia (eye strain). Vision loss has been among the most widespread conditions worldwide, particularly in aging population that is more prone to diabetes. This, according to Fact.MR’s research, is accounting for complications in procedures, such as retinopathy leading to vision impairment, which is another factor fueling the growth of optometry equipment market.

While an increasing number of cataract and glaucoma cases continues to underscore the criticality of pushing the accessibility and affordability of eye care, the report finds that a growing number of multi-specialty clinics, hospital OPDs, and dedicated eye care centers will be a prominent booster. Improving coverage for vision care, particularly in developing economies, is contributing to the efforts in increasing affordability of ophthalmic care, which remains a strong factor boosting sales of optometry equipment over the forthcoming years.

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Key Segments Covered

Product

• Cataract Surgery Devices
• Glaucoma Surgery Devices
• Ophthalmic Diagnostic Equipment
• Vitreo Retinal Surgery Devices
• Ophthalmic Lasers

End User

• Hospital Outpatients
• Physician Practice
• Specialty Clinics
• Ambulatory Care Centers
• Research Institutes

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Important doubts related to the market clarified in the report:

• Which regional market is expected to witness the highest growth during the forecast period?
• How has the surging prices of raw materials impacted the growth of the market?
• Why are market players focusing on R&D and innovations?
• Are market players expanding their global presence? If yes, how?
• What is the estimated value of the market in 2019?

This Fact.MR study tracks the growth of optometry equipment market between 2019 and 2029. The report has projected a steady ~4% CAGR for the market revenues through 2029.

Read More Trending and Similar Reports from Fact.MR – https://www.globenewswire.com/en/news-release/2019/08/28/1907756/0/en/Absorbable-Surgical-Sutures-to-Witness-Rapid-Adoption-Key-Market-Players-Focus-on-Competitive-Pricing-Strategies-for-Extended-Outreach-Fact-MR.html

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