The Global OptometryEquipment Market, by Product Type (Retinoscopes, OCT Scanners, CornealTopography Systems, Visual Field Analyzers, Ophthalmic Ultrasound Systems,Fundus Cameras, Autorefractors and Keratometers, Ophthalmoscopes, OpticalBiometry Systems, Specular Microscopes, Wavefront Aberrometers, OtherEquipment, Accessories), by End User (Eye Specialty Clinics, OphthalmicHospitals, Academic and Research Institutions), and by Region (North America,Latin America, Europe, Asia Pacific, the Middle East, and Africa) was valued atUS$ 2.4 billion in 2018, and is projected to exhibit a CAGR of 5.6 % over theforecast period (2018 – 2026).
Integration of technologicallyadvanced optometry equipment in the eye clinics and ophthalmology hospitals areexpected to propel demand for advanced optometry instruments. These areexpected to assist optometrist to perform eye examination and possiblediagnosis of disease condition, efficiently and safely, with better outcomes.Key players in the market are focusing on continuous product launches inoptometry equipment, which is expected to support growth of the market. Forinstance, in February 2017, Haag-Streit UK launched new Allegra 700 microscopein the U.K. The new Allegra 700 microscope is specialized in ENT examinationand procedures. Moreover, it is optimized to offer speed and flexibility duringeye examination in clinics and hospitals. Nidek, in April 2017, launched itsNAVEX Quest M2: an advanced vision excimer laser system. This system isintegrated with Quest M2 excimer laser system and Final Fit software: an eyetracking system for torsion error correction. Nidek intends to launch thedevice in the U.S. after the product gets Food and Drug Administration (FDA)approval. Furthermore, in August 2017, Nidek Co. Ltd. launched its new tabletopsubjective refraction system: TS-310, in the U.S. market.
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The TS-310 integrates the chartand refractor into a single unit and allows eye care professionals to easilyswitch from near and far testing. In November 2017, TearScience- a subsidiaryof Johnson and Johnson Vision launched TearScience LipiScan and LipiFlow imagerdevice in North America (U.S. and Canada). This durable and lightweight deviceoffers high-definition meibography with easy workflow management. In September2014, Rodenstock GmbH launched the DNEye scanner for precision eye measurementcapture. The scanner uses high resolution wavefront analysis and includescorneal topography and autorefractometer functions in one unit.
Browse 27 Market Data Tables and31 Figures spread through 178 Pages and in-depth TOC on ‘Optometry EquipmentMarket, by Product Type (Retinoscopes, OCT Scanners, Corneal TopographySystems, Visual Field Analyzers, Ophthalmic Ultrasound Systems, Fundus Cameras,Autorefractors and Keratometers, Ophthalmoscopes, Optical Biometry Systems, SpecularMicroscopes, Wavefront Aberrometers, Other Equipment Types, Accessories), byEnd User (Hospitals, Eye Specialty Clinics, Ambulatory Care Centers), and byRegion (North America, Latin America, Europe, Asia Pacific, the Middle East,and Africa)- Global Forecast to 2026’
Furthermore, various majorplayers in the optometry equipment market are engaged in acquisition strategiesto diversify their product portfolio and expand geographical reach. Forinstance, in September 2015, The Luneau Technology Group: a company engaged indevelopment, manufacture and marketing of Briot and Weco edgers and Visionixwavefront based refraction and diagnostic instruments, were merged its BriotUSA subsidiary with AIT Industries: a distributor of ophthalmic equipment andinstruments.
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Both AIT Industries and Briot USAwill continue their business under their current names. This partnershipbetween AIT Industries and Luneau Technology USA enables increased versatilityin resource allocation increasing customer efficiency and expanding customer reach.In August 2017, HOYA Corporation completed the acquisition of PerformanceOptics, 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 DaemyungOptical’s existing product line and distribution capabilities.
Key Takeaways of the OptometryEquipment Market:
The global optometry equipmentmarket is expected to exhibit a CAGR of 5.6% over the forecast period, owing toincreasing incidence of eye disease and vision loss, worldwide.
Among product type, retina andglaucoma examination optometry equipment segment is expected to exhibit thelargest market share, owing to growing number of population suffering from glaucoma
Among end users, eye specialtyclinics segment accounted for the largest share, owing to the factors such ashigher number of patients being treated in clinics and increasing number ofprivate clinical practices established by ophthalmologists and optometrists inemerging economies.
Some of the major playersoperating in the global optometry equipment market include Canon Inc., CarlZeiss AG, Escalon Services, Inc., Essilor International S.A., Haag-Streit AG,Heidelberg Engineering GmbH, Heine Optotechnik GmbH & Co. KG, LuneauTechnology Group, NIDEK CO., LTD., Novartis International AG, and TopconCorporation.
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