Optometry Equipment Market Size, Share, Growth, Trends, and Global Industry Analysis: By Type (Therapeutics and Eye Care Equipment), By Distribution Channel (Hospitals, Ophthalmic Clinics, Retail Ophthalmic Stores, Online Pharmacies), and Region  

Optometry Equipment Market size was valued at US$ 2.52 billion in 2023, and is expected to reach a value of US$ 3.93 billion by 2030, at a CAGR of 6.2% from 2023-2029. To evaluate, identify, treat, and manage disease, injuries, and diseases of the visual system and related structures, optometry equipment is required. Additionally, it's used to diagnose systemic eye disorders. The functionality of an optometrist's clinical abilities and the instrumentation facilities in an optometry clinic are improved by new technologies and diagnostic instruments in the field of optometry. During the forecast period, there is expected to be a rise in the incidence of eye diseases, as well as availability of employer-sponsored vision care benefits like insurance, discounted eye exams, glasses, and contact lenses, rising public awareness of the advantages of routine eye exams, and reimbursement coverage for optometry services.

Around the world, major eye disorders are becoming more common, and vision loss is evolving into a critical public health concern. As the population ages and the frequency of chronic diseases like diabetes and hypertension rises, eye conditions including diabetic retinopathy and ocular hypertension have also become more common (glaucoma). It's expected that the number of people who are blind or have impaired eyesight will significantly increase. Numerous people experience vision loss. The increased incidence of eye disorders and the related growth in years lived with a disability are expected to raise the need for precision disease treatment in the coming years.