The Global "Ophthalmic Diagnostic Equipment Market" is expected to grow at a high CAGR during the forecasting period (2022-2029).
Growing incidence of cataracts,
Increasing cases of visual impairment,
Rising need to protect the eyes during surgeries etc.,
The above are the factors that are driving the growth of global Ophthalmic Diagnostic Equipment market. However, lack of professionals and risks involved due to the sensitivity of the organ in the product is likely to hinder the growth of the global Ophthalmic Diagnostic Equipment market.
Key Highlights of demand projections for the global ophthalmic diagnostic equipment market
As per WHO statistics, approximately 253 million people have visual impairment across the globe.T, This is creating a scope for the growth of the Ophthalmic Diagnostic Equipment market.
Chronic eye diseases are the primary reason for the impairments which can be either cured or prevented through proper diagnosis and treatment. This is also creating a demand for the Ophthalmic Diagnostic Equipment.
WHO Stats reveal that 53% of the Vision Impairments across the globe is caused due to uncorrected refractive errors, while 25% impairments are caused due to un-operated cataract.
The market is segmented based on Category and End User. By category, the market has the following segments: Refractors, Retinal Cameras, Dry Eye Monitor, Tonometer, Software, Slit lamp, Perimeter, and Others.
Based on Application, the market has the following segments Optical Surgeries, Diagnosis, Eye Care, and Others.
Regional Insights about the ophthalmic diagnostic equipment market
The report segments the geographies based on regions, which include North America, South America, Europe, Asia Pacific, and RoW.
North America is leading the global Ophthalmic Diagnostic Equipment market, taking approximately 35% of the market share, with the majority of the contribution from the US. Growing incidence of ophthalmic and cataract diseases, supportive government regulations are fuelling the demand in this region.
The report profiles the following companies, which include Coburn Technologies Inc., Ellex, Halma plc, Kowa Optimed, NIDEK, Quantel Medical, Topcon Corp, and ZEISS.
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