Global Optometry Market
Market Outline: Optometry Market
Optometry is a health care profession that involves examination of eyes and applicable visual systems for defects or abnormalities as well as the medical diagnosis and management of eye.
Market Dynamics: Optometry Market
Global optometry market continues to witness positive growth owing to increasing life expectancy and rising geriatric population over the period of forecast. Rise in the number of corneal surgeries and keratoplasty cases will boost optometry market growth over the forecast period. The market for optometry driven by technological advances and rising awareness about eye aesthetics among young patient population. However, the dearth of a skilled workforce, lower awareness among people about eye disorder, lack of health care insurance, poor primary health care infrastructure in developing and under developed countries may hamper the growth of the optometry market over the period of forecast.
Market Scope: Optometry Market
Optometry market is segmented based on the type, technology, distribution channel and geography
Based on the type, the market is segmented into the following:
- Eye care Equipment
Based on the distribution channel, the market is segmented into the following:
- Ophthalmic Clinics
- Retail Ophthalmic Stores
- Online Pharmacies
Based on Geography, the market is segmented into the following:
- North America
- Latin America
- Asia Pacific
- The Middle East and Africa.
- Rest of Europe
- Australia & New Zealand
- ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
- South Korea
- Rest of Asia-Pacific
- Rest of Latin America
Middle East and Africa (MEA)
- Gulf Cooperation Council (GCC) Countries
- South Africa
- Rest of MEA
Market Summary: Optometry Market
Over the past few years expansion in optometry market was strongly supported by the demand of elderly population for regular eye check-ups and treatments. Market revenue has also increased due to ACA (Affordable Care Act) which has increased the number of individuals with health insurance and expanded medical insurance coverage to include paediatric eye care. Players or service providers in the ocular implants market are coming up with a customized solution that addresses the patient requirements. Players in ocular implants market are developing newer designs which are influenced by viscoelastic technology and others to gain larger market revenue share in the ocular implants market. Moreover, end users (Service providers) in the market continuously working towards educating the patients regarding implantation surgeries and post-surgery precautions.
Regional Analysis: Optometry Market
Geographically, global Optometry market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America expected to grow at notable rates owing to the factors such as presence of the dominant industry players, developed healthcare infrastructure and rise in awareness of eye care. Asia Pacific, Middle East and Africa region expected to grow at notable rates owing to developing healthcare infrastructure and rise in awareness related to eye disorders. Furthermore, countries such as India and China projecting lucrative growth opportunities owing to rapidly developing healthcare infrastructure and expansion of the multinational companies into these regions.
Competition Assessment: Optometry Market
Some of the players in the global Optometry market include:
- Novartis AG (Switzerland)
- Carl Zeiss Meditech AG (Germany)
- Essilor International S.A. (France)
- Opcon Corporation (Japan),
- Johnson and Johnson (U.S.)
- NIDEK Co., Ltd. (Japan)
- STAAR Surgical Company (U.S.)