$4.5 Billion Growth in Ophthalmic Diagnostic Equipment Market — North America to generate maximum revenue
Pune, Maharashtra, India, September 20 2022 (Wiredrelease) Prudour Pvt. Ltd –:Global Ophthalmic Diagnostic Equipment Market: Introduction
Ophthalmic diagnostic equipment is used to examine the eyes and diagnose various eye conditions. This type of equipment can be used to evaluate the health of the eye, identify problems with vision, and determine the best course of treatment. Ophthalmic diagnostic equipment can include everything from simple tools like a penlight and magnifying glass to more complex devices like an OCT scanner.
The Ophthalmic Diagnostic Equipment Market to Garner $4.5 Billion by 2025
The global ophthalmic diagnostic equipment market is expected to reach USD 4.2 billion by 2025, according to a new report by Market.us. The market is anticipated to witness a CAGR of 6.3% during the forecast period. The rising prevalence of eye disorders and increasing demand for early diagnosis are major factors driving the market growth. In addition, technological advancements in diagnostic devices and growing geriatric population are other key factors expected to fuel market growth over the forecast period.
– Growing incidence of cataracts,
– Increasing cases of visual impairment,
– Rising need to protect the eyes during surgeries etc.,
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The increasing prevalence of eye disease in the world can explain the growth of this market. Vision loss is a major public health problem. Vision loss affects all ages. According to a World Health Organization report, 2.2 billion people are affected by near and farsightedness. Additionally, approximately 1 billion vision impairments will be treated over the forecast period. A significant portion of the world’s population is also completely blind. The International Agency for the Prevention of Blindness (IAPB) reported that 43 million people are blind. Due to their older age, people with eye disease are more likely to develop them. According to the World Bank data, there were 723,484,054 people who were 65 years or older in 2020. These factors will have a positive impact on the market’s growth over the forecast period.
Global Ophthalmic Diagnostic Equipment Market: Restraints
The market for ophthalmic diagnostic equipment is likely to be constrained by the low number of ophthalmologists in emerging countries. In July 2019, the International Council of Ophthalmology updated the study ‘Estimated Number of Ophthalmologists Worldwide (International Council of Ophthalmology Update): Will we meet the requirements?’. It revealed that there were 232,866 ophthalmologists working in 194 countries in 2015. The mean density of 3.7 in low-income countries was lower than 76.2 in high income countries.
Market growth is expected to be impeded by the presence of very few organizations that offer case studies of patients with ophthalmic conditions. This could also hinder doctors’ ability to provide better and more robust treatment.
Ophthalmic Diagnostic Equipment Market – Competitive Landscape
Carl Zeiss Meditec
Jardon Eye Prosthetics
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Ophthalmic Diagnostic Equipment Market Segmentation
Based on the type, the Ophthalmic Diagnostic Equipment market is segmented into
Based on the application, the Ophthalmic Diagnostic Equipment market is segmented into
Ophthalmic Diagnosis Center
Market Breakup by Region:
– North America (United States, Canada)
– Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
– Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
– Latin America (Brazil, Mexico, Others)
– The Middle East and Africa
Market Report Coverage and Deliverables will help you to understand:
1. Company revenue shares | revenue (US$ Mn)
2. Upcoming Regional opportunities
3. Latest trends & Market dynamics
4. Competitive benchmarking
5. Key Financial Charts
Grab the full detailed report here: https://market.us/report/ophthalmic-diagnostic-equipment-market/
Key Questions Answered in This Report:
Q1. What is the market size of Ophthalmic Diagnostic Equipment?
Q2. What are the elements of retail Ophthalmic Diagnostic Equipment?
Q3. What are the key decision drivers for service buyers?
Q4. How can we accelerate our bidding process?
Q5. What is the potential of the Ophthalmic Diagnostic Equipment Market?
Q6. Who are the prominent players in Ophthalmic Diagnostic Equipment Market?
Q7. What are the different types of Ophthalmic Diagnostic Equipment market?
Q8. What are the top strategies that companies adopt in Ophthalmic Diagnostic Equipment Market?
Q9. What is the future of Ophthalmic Diagnostic Equipment?
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