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 partnership to empower eye care practitioners with clinical knowledge, skills, and practice in managing childhood myopia. Also, in 2019, Zeimer Ophthalmic Systems introduced its AQUARIUZ ablation laser for refractive surgeries. Such launches and collaborations are expected to provide a significant nudge to market growth over the coming years.

Key Takeaways from Market Study:
UFC 260
UFC 260
UFC 260 Fight Live Stream Free

Demand for ophthalmic diagnostic devices likely to surge amid increased need for technologically-advanced diagnosis

By end user, hospital outpatients account for maximum optometry equipment usage on the back of rising demand for faster procedures

U.S. to experience high volume sales amid increasing demographic shift towards a geriatric population base

Growing demand for age-related macular degeneration (AMD) to heighten adoption for screening across the U.K.

Favorable reimbursement & insurance coverage and increased research funding to pivot market growth in Germany and France

Increasing governmental & non-governmental efforts to mitigate ophthalmic disorders to heighten growth prospects across India

“Growing incidence of multiple ophthalmic disorders have accelerated funding for research to discover novel therapeutic and diagnostic approaches. Furthermore, increasing involvement of the NGO sector is providing major headway to the deployment of optometry equipment for eye surgeries,” says a Fact.MR analyst.