Global Eye Testing Equipment Market to Reach US$ 5.2 Billion by 2032, Propelled by the Rising Incidences of Eye-Related Disorders

November 02, 2022 | Healthcare

The latest report by IMARC, titled “Eye Testing Equipment Market Report by Device (Slit Lamp, Biometer, Perimeter, Tonometer, Optical Coherence Tomography (OCT), Fundus Camera, Autorefractor and Keratometer, and Others), Application (General Examination, Glaucoma, Cataract, and Others), End User (Hospitals, Eye Clinics, Optometry Academic Institutes), and Region 2024-2032”, finds that the global eye testing equipment market size reached US$ 3.2 Billion in 2023. Eye testing equipment refers to medical tools used to examine and detect defects or abnormalities in the internal structure of the eye or the retina. Optometrists and ophthalmologists use these tools to perform numerous eye tests. Focimeters, biometers, slit lamps, autorefractors, optical coherence tomography (OCT) scanners and fundus cameras are some of the most used eye testing equipment available in the market. In recent years, eye testing equipment has gained traction due to its widespread employment in hospitals, academic institutions and diagnostic clinics to examine and diagnose cataract, glaucoma, and other eye-related disorders.

Global Eye Testing Equipment Market Trends:

One of the primary factors driving the market is the rising incidences of eye-related disorders due to rapid digitalization. Additionally, the increasing geriatric population is creating a positive market outlook. Other than this, the integration of eye testing equipment with lensometers, ophthalmoscopes, and computerized visual acuity systems to achieve better accuracy and precision is positively influencing the market growth. Besides this, OCT devices are heavily utilized for examining the distinctive layers of the retina and providing enhanced care to individuals suffering from glaucoma. In line with this, the escalating usage of contact lenses and surgical ophthalmic devices during refractive error correction surgery is strengthening the market growth. Furthermore, the growing prevalence of night blindness, excessive eyestrain, colorblindness, and lazy eye due to longer durations of screen time is propelling the market growth. Other growth-inducing factors include the implementation of various initiatives to educate the masses about vision health and the rising healthcare expenditure capacities. Looking forward, IMARC Group expects the market value to reach US$ 5.2 Billion by 2032, expanding at a CAGR of 5.4% during the forecast period (2024-2032).

Market Summary:

  • Based on the device, the market has been divided into slit lamp, biometer, perimeter, tonometer, optical coherence tomography (OCT), fundus camera, autorefractor and keratometer, and others.
  • On the basis of the application, the market has been segregated into general examination, glaucoma, cataract, and others.
  • Based on the end user, the market has been segmented into hospitals, eye clinics, and optometry academic institutes.
  • Region-wise, the market has been classified into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
  •  The competitive landscape of the market has also been analyzed, with some of the key players being Alcon Inc. (Novartis AG), bon Optic, Canon Medical Systems USA (Canon Inc.), Carl Zeiss AG (Carl-Zeiss-Stiftug), Essilor International (EssilorLuxottixa), HEINE Optotechnik GmbH & Co. KG, Luneau Technology Group, Metall Zug AG, NIDEK CO.LTD., and Topcon Corporation.

Report Scope:

Report Features Details
Base Year of the Analysis 2023 
 Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Device, Application, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Alcon Inc. (Novartis AG), bon Optic, Canon Medical Systems USA (Canon Inc.), Carl Zeiss AG (Carl-Zeiss-Stiftung), Essilor International (EssilorLuxottica), HEINE Optotechnik GmbH & Co. KG, Luneau Technology Group, Metall Zug AG, NIDEK CO. LTD. and Topcon Corporation
Customization Scope 10% Free Customization
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Post-Sale Analyst Support 10-12 Weeks
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Global Eye Testing Equipment Market to Reach US$ 5.2 Billion by 2032, Propelled by the Rising Incidences of Eye-Related Disorders
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