Eye Testing Equipment Industry Analysis, Leading Players and Forecast Report, 2030

The total value of the eye testing equipment market was over $2,852 million in 2021, and will reach over $5,246 million by 2030, advancing at rate of 7% in the near future. This is because of the increasing occurrence of disorders related to eye, growing requirement for eye examination and treatment in developed countries, and progression in the technology of ophthalmic diagnostics.

The autorefractor and phoropter category had over 30% share in the industry in the past. This is because of the increasing frequency of myopia in adults and children, driving the demand for eyeglasses and the eye examination.

Optical coherence tomography devices will witness the fastest growth in the near future, as OCT is a non-invasive imaging method used for conducting an optical biopsy. Moreover, the method is more advantageous than conventional ones, and the device which is used for it is portable and compact.

Glaucoma will observe the fastest growth, at a rate of 8% in the near future, as this is extremely prevalent. In the recent past, around 78 million people had glaucoma, and the count of the same will be around 110 million by 2040.

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OCT and tonometry help in the diagnosis of glaucoma, this is the reason why the increasing the incidence of this disease will drive the requirement for tonometers and OCT devices.

Hospitals and eye clinics are the largest users of the testing equipment in the past. It is because of the fact that people with eye issues prefer these medical facilities. In emerging economies, eye clinics and hospitals are the only facilities for carrying out eye treatment and diagnosis.

Furthermore, the increasing usable income, improving healthcare infra, and snowballing awareness and knowledge about eye treatments all over the globe are the key factors driving the industry.

North America dominated the eye testing equipment market with around 35%, in the past. This is attributed to the of the extensive use of advanced products in eye care services, along with the high spending on eyecare. In this regard, the increasing elderly population and growing awareness about eye care will drive the industry in the near future.

APAC followed North America in the past, and it will grow at a healthy rate in the future. The main reason for this will be the increasing count of people with vision loss, posing a momentous challenge to eye care service providers, encouraging them for the procurement of advanced diagnosis equipment. In essence, the growing frequency of moderate-to-severe visual impairment and myopia is driving the industry.

It is because of the advancements in ophthalmic diagnostics, and the increasing number of people suffering from eye disorders, that the demand for eye testing equipment will increase even further in the years to come.

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