The Eye Testing Equipment Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Eye Testing Equipment Global Market Report 2024, The eye testing equipment market size is expected to see strong growth in the next few years. It will grow to $4.41 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to the increasing adoption of telemedicine, growing demand for portable and handheld devices, rising prevalence of diabetes and related eye disorders, increasing focus on preventive healthcare, and an expanding middle-class population. Major trends in the forecast period include the integration of AI and machine learning in diagnostics, the increasing use of virtual reality in eye examinations, the rise in demand for personalized eye care solutions, the development of advanced imaging technologies, and growing collaboration between tech companies and healthcare providers.
The increasing prevalence of eye-related disorders is expected to propel the growth of the eye-testing equipment market going forward. Eye-related disorders refer to a range of conditions affecting the eyes, including diseases such as glaucoma, cataracts, macular degeneration, and refractive errors such as myopia and hyperopia. The increase in the number of patients with eye-related disorders is due to factors such as aging populations, lifestyle changes, environmental factors, and lack in diagnostic capabilities leading to delay in problem detection. Eye testing equipment is used for early detection, accurate diagnosis, and effective monitoring of eye-related conditions such as glaucoma, cataracts, and macular degeneration. For instance, in January 2024, according to the Centers for Disease Control and Prevention, a US-based science and data-driven service organization that protects the public’s health, over 3.4 million Americans aged 40 years and older were blind or visually impaired, which is expected to double by 2030. Therefore, the increasing prevalence of eye-related disorders will drive the growth of the eye-testing equipment market.
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The eye testing equipment market covered in this report is segmented –
1) By Device: Slit Lamp, Biometer, Perimeter, Tonometer, Optical Coherence Tomography (OCT), Fundus Camera, Autorefractor And Keratometer, Other Devices
2) By Application: General Examination, Glaucoma, Cataract, Other Applications
3) By End User: Hospital, Eye Clinic, Optometry Academic Institute
Major companies operating in the eye-testing equipment market are developing advanced eye-testing devices, such as handheld artificial intelligence fundus cameras, to enhance diagnostic accuracy and streamline screening processes. A handheld fundus camera enhanced with AI technology is used for capturing detailed images of the eye’s fundus to assist in diagnosing eye conditions. For instance, in May 2024, Optomed USA, a US-based medical technology company, launched Optomed Aurora AEYE. It is a handheld AI-powered fundus camera specifically designed to quickly detect diabetic retinopathy beyond mild stages, enabling prompt eye screenings in primary care settings. This device simplifies the screening process with its user-friendly design, needing only one image per eye and delivering results within a minute.
The eye testing equipment market report table of contents includes:
1. Executive Summary
2. Eye Testing Equipment Market Characteristics
3. Eye Testing Equipment Market Trends And Strategies
4. Eye Testing Equipment Market – Macro Economic Scenario
5. Global Eye Testing Equipment Market Size and Growth
………….
32. Global Eye Testing Equipment Market Competitive Benchmarking
33. Global Eye Testing Equipment Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Eye Testing Equipment Market
35. Eye Testing Equipment Market Future Outlook and Potential Analysis
36. Appendix
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