Global Ophthalmic Diagnostic Equipment Market to Grow by CAGR of ~7% During 2022 – 2031 on the Back of Higher Prevalence of Vision Impairments

Ophthalmic Diagnostic Equipment Market

Research Nester published a report titled Ophthalmic Diagnostic Equipment Market: Global Demand Analysis & Opportunity Outlook 2031which delivers a detailed overview of the global ophthalmic diagnostic equipment marketin terms of market segmentation by product type, end-user, and by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, and supply and demand risk, along with a detailed discussion of current and future market trends that are associated with the growth of the market.

The global ophthalmic diagnostic equipment market is projected to grow at a CAGR of ~7% by attaining a remarkable revenue during the forecast period, i.e., 2022 – 2031. Factors such as, the higher prevalence of eye disease and the rising geriatric population, are projected to propel the growth of the market over the forecast period. According to a report provided by World Health Organization (WHO), approximately 2.2 billion people suffer from a distance or near vision impairments. These factors are projected to hike the growth of the market over the market.

Additionally, by end-user, the global ophthalmic diagnostic equipment market is segmented into clinics, hospitals, diagnostic laboratories, and research centers. Out of these sub-segments, the hospital segment is anticipated to acquire the largest share in the market during the forecast period, as hospitals are attached with required equipment and laboratories. Furthermore, on account of the presence of skilled medical professionals attracts a larger patient pool. Hospitals are convenient to perform ophthalmic diagnoses owing to the availability of enhanced instruments. All these factors are anticipated to boost the growth of the segment over the forecast period.

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Furthermore, the global ophthalmic diagnostic equipment market, by region, is bifurcated into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. Out of these regions, the market in the North America region is projected to grow at a remarkable pace over the forecast period. The growth of the market in the region is accounted to factors such as, the rising geriatric population with several eye disorders, and escalating utilization of PC, laptops, and smartphones. A report published by the Centers for Diseases Control and Prevention showed that approximately 12 million people have vision impairment who are aged 40 or above in USA.

The research is global in nature and covers a detailed analysis of the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of the Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook, etc. have also been covered and displayed in the research report.

Growing Inclination Toward E-Learning to Foster the Growth of the Market

As of 2019, the global e-learning market was valued at approximately USD 195 billion which is anticipated to reach almost USD 395 billion by 2026.

The 21st century is constantly moving toward the digitalization of almost every daily task. One of the significant tasks is the education of the generation-z. In modern times, students are required to attend their classes over the laptop or smartphone, and spending hours on the system can be harmful to the health of the eyes. Such factors are anticipated to hike the growth of the market over the forecast period.

However, the requirement for a higher initial investment is expected to operate as a key restraint to the growth of the global ophthalmic diagnostic equipment market over the forecast period.

This report also provides the existing competitive scenario of some of the key players in the global ophthalmic diagnostic equipment market which includes company profiling of Canon Inc., Haag-Streit Group, Bausch + Lomb Corporation, Carl Zeiss AG, Alcon Vision LLC, Johnson & Johnson Vision Care, Inc., AMETEK, Inc., Essilor International, NIDEK CO., LTD., and VISIONIX USA INC. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments. On the whole, the report depicts a detailed overview of the global ophthalmic diagnostic equipment market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching for possibilities, and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.     

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Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates, and executives to take wise decisions for their future marketing strategy, expansion and investment, etc. We believe every business can expand to its new horizon, provided the right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decisions in order to avoid future uncertainties.

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