The global eye exam equipment market is projected to reach USD 3.05 Billion by 2022 from USD 2.29 Billion in 2017, at a CAGR of 6.0% during the forecast period. Growth in this market can primarily be attributed to the rising prevalence of eye diseases, technological advancements in ophthalmic devices, increasing government initiatives to control visual impairment, and increasing healthcare expenditure and rising disposable incomes.
The report analyzes the global optometry equipment market by type, end user, and region. Based on type, the retina and glaucoma examination products segment accounted for the largest share of global eye exam equipment market in 2016. This can be attributed to the growing prevalence of retinal diseases and glaucoma, increasing number of eye care clinics, technological advancements in eye exam equipment, and growing access to modern ophthalmic diagnostic devices.
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The retina and glaucoma examination products segment includes OCT scanners, fundus cameras, perimeters, ophthalmoscopes, and retinoscopes. The OCT scanners segment accounted for the largest share of the retina and glaucoma examination products market. The large share of this segment is mainly due to the various benefits offered by scanners such as high-depth image analysis, real-time imaging, and non-invasive operations.
On the basis of end user, the clinics segment accounted for the largest share of the global eye exam equipment market in 2016. The large share of this segment is attributed to the large patient pool treated in clinics and the increasing number of private clinical practices established by ophthalmologists in emerging countries.
Geographically, the global optometry equipment market has been segmented into five major regional segments North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In 2016, North America accounted for the largest share of the market, followed by Europe and Asia Pacific. The highly developed healthcare system, rising geriatric population, increasing prevalence of ocular diseases, availability of technologically advanced eye examination equipment, greater adoption of ophthalmology treatments and surgeries, and the presence of key players are the major factors responsible for the large share of North America in the global eye exam equipment market.
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