The Global Optometry
Equipment Market, by Product Type (Retinoscopes, OCT Scanners, Corneal
Topography Systems, Visual Field Analyzers, Ophthalmic Ultrasound Systems,
Fundus Cameras, Autorefractors and Keratometers, Ophthalmoscopes, Optical
Biometry Systems, Specular Microscopes, Wavefront Aberrometers, Other
Equipment, Accessories), by End User (Eye Specialty Clinics, Ophthalmic
Hospitals, Academic and Research Institutions), and by Region (North America,
Latin America, Europe, Asia Pacific, the Middle East, and Africa) was valued at
US$ 2.4 billion in 2018, and is projected to exhibit a CAGR of 5.6 % over the
forecast period (2018 – 2026).
Integration of technologically
advanced optometry equipment in the eye clinics and ophthalmology hospitals are
expected to propel demand for advanced optometry instruments. These are
expected to assist optometrist to perform eye examination and possible
diagnosis of disease condition, efficiently and safely, with better outcomes.
Key players in the market are focusing on continuous product launches in
optometry equipment, which is expected to support growth of the market. For
instance, in February 2017, Haag-Streit UK launched new Allegra 700 microscope
in the U.K. The new Allegra 700 microscope is specialized in ENT examination
and procedures. Moreover, it is optimized to offer speed and flexibility during
eye examination in clinics and hospitals. Nidek, in April 2017, launched its
NAVEX Quest M2: an advanced vision excimer laser system. This system is
integrated with Quest M2 excimer laser system and Final Fit software: an eye
tracking system for torsion error correction. Nidek intends to launch the
device in the U.S. after the product gets Food and Drug Administration (FDA)
approval. Furthermore, in August 2017, Nidek Co. Ltd. launched its new tabletop
subjective refraction system: TS-310, in the U.S. market.
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The TS-310 integrates the chart
and refractor into a single unit and allows eye care professionals to easily
switch from near and far testing. In November 2017, TearScience- a subsidiary
of Johnson and Johnson Vision launched TearScience LipiScan and LipiFlow imager
device in North America (U.S. and Canada). This durable and lightweight device
offers high-definition meibography with easy workflow management. In September
2014, Rodenstock GmbH launched the DNEye scanner for precision eye measurement
capture. The scanner uses high resolution wavefront analysis and includes
corneal topography and autorefractometer functions in one unit.
Browse 27 Market Data Tables and
31 Figures spread through 178 Pages and in-depth TOC on ‘Optometry Equipment
Market, by Product Type (Retinoscopes, OCT Scanners, Corneal Topography
Systems, Visual Field Analyzers, Ophthalmic Ultrasound Systems, Fundus Cameras,
Autorefractors and Keratometers, Ophthalmoscopes, Optical Biometry Systems, Specular
Microscopes, Wavefront Aberrometers, Other Equipment Types, Accessories), by
End User (Hospitals, Eye Specialty Clinics, Ambulatory Care Centers), and by
Region (North America, Latin America, Europe, Asia Pacific, the Middle East,
and Africa)- Global Forecast to 2026’
Furthermore, various major
players in the optometry equipment market are engaged in acquisition strategies
to diversify their product portfolio and expand geographical reach. For
instance, in September 2015, The Luneau Technology Group: a company engaged in
development, manufacture and marketing of Briot and Weco edgers and Visionix
wavefront based refraction and diagnostic instruments, were merged its Briot
USA subsidiary with AIT Industries: a distributor of ophthalmic equipment and
instruments.
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Report: https://www.coherentmarketinsights.com/market-insight/optometry-equipment-market-2068
Both AIT Industries and Briot USA
will continue their business under their current names. This partnership
between AIT Industries and Luneau Technology USA enables increased versatility
in resource allocation increasing customer efficiency and expanding customer reach.
In August 2017, HOYA Corporation completed the acquisition of Performance
Optics, LLC, including its subsidiaries VISION EASE and Daemyung Optical.
Acquisition combines VISION EASE’s specialties in the polycarbonate,
photochromic, and polarized eyeglass lenses manufacturing and Daemyung
Optical’s existing product line and distribution capabilities.
Key Takeaways of the Optometry
Equipment Market:
The global optometry equipment
market is expected to exhibit a CAGR of 5.6% over the forecast period, owing to
increasing incidence of eye disease and vision loss, worldwide.
Among product type, retina and
glaucoma examination optometry equipment segment is expected to exhibit the
largest market share, owing to growing number of population suffering from glaucoma
Among end users, eye specialty
clinics segment accounted for the largest share, owing to the factors such as
higher number of patients being treated in clinics and increasing number of
private clinical practices established by ophthalmologists and optometrists in
emerging economies.
Some of the major players
operating in the global optometry equipment market include Canon Inc., Carl
Zeiss AG, Escalon Services, Inc., Essilor International S.A., Haag-Streit AG,
Heidelberg Engineering GmbH, Heine Optotechnik GmbH & Co. KG, Luneau
Technology Group, NIDEK CO., LTD., Novartis International AG, and Topcon
Corporation.
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