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Optometry Equipment Market: Unlocking Latest Trends and Industry Insights

Optometry Equipment Market is projected to reach USD 5.4 billion by 2027, from USD 4.0 billion in 2022, growing at a CAGR of 6.4% during the forecast period, according to a new report by MarketsandMarketsu2122. Market growth is driven by the rising technological advancements in optometry equipment and the growing awareness of early disease diagnosis in developing countries. Emerging economies such as China, Japan, and India are providing lucrative opportunities for the players operating in the optometry equipment market.

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Optometry Equipment Market: Unlocking Latest Trends and Industry Insights

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  1. MarketsandMarkets Presents Optometry Equipment Market worth $5.4 billion by 2027 https://www.marketsandmarkets.com/Market-Reports/optometry-eye-exam-equipment-market-14475790.html

  2. The report "Optometry Equipment Market by Type (OCT, Ophthalmoscope, Autorefractor, Tonometer, Slitlamps, Wavefront Analyzer), Application(General Examination, Cataract, Glaucoma, Macular Degeneration), End User(Clinics, Hospitals) - Global Forecast to 2027", is projected to reach 5.4 billion by 2027, from 4.0 billion in 2022, at a CAGR of 6.4%. Browse in-depth TOC on "Optometry Equipment Market" 186 – Tables 43 – Figures 232 – Pages Market growth is driven by the rising technological advancements in optometry equipment and the growing awareness of early disease diagnosis in developing countries. Emerging economies such as China, Japan, and India are providing lucrative opportunities for the players operating in the optometry equipment market. Download a PDF Brochure: https://www.marketsandmarkets.com/pdfdownload

  3. Objectives of the Study: • To define, describe, segment, and forecast the global optometry equipment market, by type, application, end user, and region • To provide detailed information regarding the major factors influencing the market growth (such as drivers, restraints, opportunities, and challenges) • To analyze the micromarkets with respect to individual growth trends, prospects, and contributions to the overall optometry equipment market • To analyze market opportunities for stakeholders and provide details of the competitive landscape for key players • To forecast the size of the market segments with respect to five regions, namely, North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa • To profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies • To track and analyze company developments such as product launches & approvals, partnerships, acquisitions, agreements, and other developments • To benchmark players within the market using the proprietary Competitive Leadership Mapping framework, which analyzes market players on various parameters within the broad categories of business and product excellence • Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalyst

  4. This report categorizes the optometry equipment market into the following segments and subsegments: • By Type • Retina and Glaucoma Examination Products • General Examination Products • Autorefractors and Keratometers • Opthalmic Ultrasound Systems • Tonometers • Slit Lamps • Lensmeters • Chart Projectors • By Application • General Examination • Cataract • Glaucoma • Age-related Macular Degeneration(AMD) • Other Applications • By End User • Clinics • Hospitals • Other End Users

  5. The major players operating in this market are Carl Zeiss Meditec AG (Germany), Alcon (Switzerland), EssilorLuxottica (France), Topcon Corporation (Japan), Bausch Health Companies Inc. (Canada), NIDEK Co. Ltd. (Japan), Canon Inc. (Japan), Johnson and Johnson (US), HEINE Optotechnik (Germany), Revenio Group PLC (Finland), Haag-Streit Group (Switzerland) and Heidelberg Engineering (Germany), and Among others

  6. Company Insights In 2021, Carl Zeiss Meditec AG (Germany) held the leading position in the optometry equipment market. Through it’s effective distribution network, the company has managed to keep its top spot in the market such as North America, Europe, the Asia Pacific, Latin America, the Middle East, and Africa. Carl Zeiss Meditec AG has a strong network of direct and indirect distribution throughout the globe. As a result, the business is protected from variations in global demand as well. The company adopts various growth tactics to maintain its position in this market. Carl Zeiss Meditec AG focuses on strategies such as partnerships and acquisitions to garner a larger market share. In 2022, the company acquired Kogent Surgical, LLC and Katalyst Surgical, LLC. (US) to broaden it’s eye examination and surgical product portfolio. In 2021, EssilorLuxottica (France) accounted for the second-largest share of the optometry equipment market. Its strong position in this market can be credited to robust international sales and distribution network, allowing it to successfully market its products in various countries. Also, EssilorLuxottica has maximised its focus on R&D activities to develop distinct products than its competitors. The company’s investments in R&D to enhance its investment portfolio and capital allocation strategies to support its future expansion and ability to remain competitive in the diagnostics segment. In addition, EssilorLuxottica’s strategies, which involve product launches and acquisitions, aim to further strengthen its position in the optometry equipment market. In June 2021, the company acquired Walman Optical (US), a leading lab partner to vision care practices. This has helped the company significantly expand its product line and enhance its visibility in the market.

  7. Contact Us Contact:Mr. Aashish MehraMarketsandMarkets™ INC. 630 Dundee Road, Suite 430 Northbrook, IL 60062 USA: 1-888-600-6441 sales@marketsandmarkets.com Press release: https://www.marketsandmarkets.com/PressReleases/optometry-eye-exam-equipment.asp Research insights: https://www.marketsandmarkets.com/ResearchInsight/optometry-eye-exam-equipment-market.asp

  8. About MarketsandMarkets MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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