According to a new report published by Allied Market Research, titled, “Eye Testing Equipment Market by Device {Slit Lamp, Biometer, Perimeter, Tonometer, Optical Coherence Tomography (OCT), Fundus Camera, Autorefractor and Keratometer, and Other Devices}, Application (General Examination, Glaucoma, Cataract, and Other Applications), and End User (Hospital, Eye Clinic, and Optometry Academic Institute) – Global Opportunity Analysis and Industry Forecast, 2017-2025″. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.
The market was valued at $2,638 million in 2017 and is expected to reach $3,914 million by 2025, registering a CAGR of 5.0% from 2018 to 2025. The fundus cameras segment accounted for one-sixths of the total market share in 2017.
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Eye examinations include a series of tests that can assist in the evaluation of an individuals vision and check for the onset of an eye disease. The eye doctor/optometrists/ophthalmologists employ various devices that can look through an eye helping in vison analysis of an individual. Most of the eye associated ailments are treatable if detected at an early stage, thus ophthalmic diagnostic equipment plays a pivotal role in the management of increase in the burden of eye ailments across the globe.
Rise in government initiatives that are aiming at setting up guidelines to control the increase in vision impairment across the globe are compelling the key manufacturers to introduce novel eye testing equipment in the market. For instance, the Centers for Disease Control and Prevention (CDC) has initiated a program named Vision Health Initiative through which it aims at spreading awareness regarding eye abnormalities along with the present or latest diagnostic as well as treatment methods to manage the same. This in turn assists in increasing awareness pertaining to the advanced eye diagnostic/testing equipment.
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The glaucoma application generated the highest revenue in 2017 and is expected to maintain its dominance throughout the forecast period. This is attributed to growth in the prevalence of glaucoma that was witnessed over the years across the globe and is expected to maintain this trend in the future. However, the cataract application segment is expected to register the highest growth rate during the forecast period.
Key Findings of the Eye Testing Equipment Market:
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About Allied Market Research: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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