Key Players in the Advanced Optometric DevicesExpected to Witness High Revenue| Carl Zeiss Meditec AG
Award winning market research company Fact.MR’s global optometry equipment market report forecasts a positive growth outlook for 2021, attributed to increasing frequency of ophthalmic screening procedures to address visual defects amid the new normal of reliance on gadgets for business and leisure purposes. Long-term prospects also appear optimistic, with Fact.MR projecting a CAGR of nearly 4% through 2031. The market witnessed credible gains in the past, reaching a valuation of US$ 4 billion in 2019. Opportunities have opened up amid increasing prevalence of diabetic retinopathy, diabetic macular edema, and penetration of advanced technologies to streamline screening procedures. Manufacturers are increasingly targeting markets across Asia Pacific, with India likely to emerge at the forefront. In addition, players are also leveraging collaborations to augment their market presence. For instance, in October 2020, Myopia Profile Pty Ltd. and Essilor International announced a partner...