Because of the rising rate of eye-related issues such as glaucoma and diabetic retinopathy, as well as the rapid growth of the geriatric population, the global optometry equipment market is expected to continue to grow

 

Optometry equipment is one of the most essential and important healthcare devices. An optometrist plays a very vital role in providing care to patients with visual problems. For this reason, it becomes very important for an optometrist to purchase all sorts of optometry equipment for them. In the present time, one of the most effective ways to ensure the patient's safety is through using state-of-art computerized optometry equipment. The computerized optometry equipment ensures that patients do not face any eye injuries while they are under treatment by the optometrist. Optometric computerized tracking systems and other related computerized optometry equipment are being widely used in optometry practice. The system enables the optometrists to track the movements of the eyeballs during eye exercise and thus identify eye problems at early stages. These computerized optometry equipment help in reducing patient discomfort and eyestrain. The most common problem associated with optometry is eye strain, which can be reduced with the help of this equipment.

Market Dynamics

The main factor influencing the optometry equipment market is the increasing number of ophthalmic disorders, mainly diabetic retinopathy, AMD, and glaucoma. For instance, according to the National Institutes of Health, in 2020 approximately 80 million people worldwide were suffering from glaucoma. Moreover, the increase in the geriatric population is expected to propel market growth. Additionally, the increased amount of usage of contact lenses and several surgical ophthalmic devices during the surgery of refractive error correction is estimated to augment the market growth. There are various benefits of an optometry equipment tracking system, which include: safe practice, patient satisfaction, reduced costs, enhanced patient care, and vision health.

However the cost of the devices and lesser knowledge related to several surgical procedures and the main restraining factor hindering the growth of the optometry equipment market.

This market is distributed in five regions that include North America, Asia-Pacific, Europe, Africa, and the Middle East, and Latin America. Among these, North America is estimated to hold a significant share of the optometry equipment market, owing to the increasing incidence of glaucoma in the region. According to BrightFocus Foundation, in 2020 there were approximately 3 million U.S. residents suffer from glaucoma. Moreover, the rapid increase of the geriatric population in the region is accelerating the market growth. The optometry equipment market in Asia-Pacific is estimated to witness significant growth owing to the presence of key players in the region backed by favorable government initiatives.

Competitive Analysis

Key players operating in the optometry equipment market include Topcon Corporation, Novartis International AG, Nidek Co. Ltd., Luneau Technology Group, Heine Optotechnik GmbH & Co. KG, Heidelberg Engineering GmbH, Haag-Streit AG, Essilor International S.A., Escalon Services, Inc., Carl Zeiss AG, and Canon Inc.

In April 2018, Nidek introduced a new business unit in Korea for expanding its product line in the region.