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Increase in prevalence of eye related disorders is a key factor driving market revenue growth
Market Size – USD 541.8 Million in 2022, Market Growth – at a CAGR of 3.4%, Market Trends – Rising government initiatives towards eyecare
Vancouver, B.C., October 13, 2023- The global vision screening and diagnostics market size was USD 541.8 Million in 2022 and is expected to register a revenue CAGR of 3.4% during the forecast period, according to latest analysis by Emergen Research. Increase in prevalence of eye related disorders is a key factor driving market revenue growth. According to the Center of Disease Control and Prevention (CDC), in the United States, around 12 million individuals aged 40 and above experience vision impairment. This includes 1 million with blindness, 3 million with visual impairment even after correction, and 8 million with vision impairment due to untreated refractive errors. In addition, according to the National Institute for Occupational Safety and Health (NIOSH), approximately 2,000 American workers sustain work-related eye injuries requiring medical attention each day.
However, poor accessibility to eye care services in developing countries could limit market revenue growth. Limited availability and accessibility to eye care services in developing countries contribute to challenges in implementing effective vision screening programs. Poor accessibility means that many individuals in developing countries do not have access to routine eye exams or vision screenings. This results in a significant number of undiagnosed vision problems, including refractive errors and eye diseases.
Some Key Highlights From the Report
- Portable/handheld vision screeners segment accounted for significant revenue share in the global vision screening and diagnostics market in 2022. Portable and handheld vision screeners are user-friendly vision screening devices suitable for easy use within a facility. Compact and handheld vision screening tools are user-friendly devices designed for convenient usage within a facility. Popularity of these products is expected to increase in the future owing to user-friendliness feature of these screeners and minimal training needed for users.
- Vision screening tests segment is expected to account for largest revenue share during the forecast period. Vision screening tests are designed to identify potential vision problems such as refractive errors, amblyopia, strabismus, and early signs of eye conditions. Vision screening tests are often the first step in identifying visual conditions, and individuals failing these screenings may be referred for comprehensive eye examinations by eye care professionals.
- Vision screening and diagnostics market in North America is expected to account for largest revenue share over the forecast period. Increase in prevalence of eye related disorders such as diabetic retinopathy and vision impairment in the region is driving revenue growth of the market in this region. In addition, awareness towards eyecare and government regulations pertaining to vision screening also contributes to region's rapid market growth.
- Major companies in the global market report include Hill-Rom Holdings, Inc., FIM Medical, Oculus, Inc., Plusoptix GmbH, Stereo Optical Company Inc., Adaptica, Titmus, LLC, Amplivox ltd, Takagi Ophthalmic Instruments Europe Ltd, Keystone View, Essilor Instruments USA, and Depisteo.
- In November 2020, Optomed introduced the Aurora IQ, a handheld fundus camera with Artificial Intelligence (AI) for speedier eye inspection. The camera has improved image quality and usability, and it smoothly integrates artificial intelligence for speedier image analysis, with the AI result shown on the camera screen in seconds. This is a crucial product for customers and partners as it speeds up the eye screening process and saves costs, improving global access to eye exams.
To get leading market solutions, visit the link below: https://www.emergenresearch.com/industry-report/vision-screening-and-diagnostics-market
Emergen Research has segmented the global vision screening and diagnostics market on the basis of product, technology, application, end-use, and region:
Product Outlook (Revenue, USD Million; 2019-2032)
- Table-top Vision Screeners
- Portable/Handheld Vision Screeners
- Vision Screening Software
Technology Outlook (Revenue, USD Million; 2019-2032)
- Digital Vision Screeners
- Computer Based Vision Screeners
Application Outlook (Revenue, USD Million; 2019-2032)
- Vision Screening Tests
- Color Vision Test
- Binocular Testing
- Others
End-Use Outlook (Revenue, USD Million; 2019-2032)
- Hospitals
- Homecare Settings
- Specialized Clinics
- Rehabilitation Centers
- Ambulatory Surgical Centers
Regional Outlook (Revenue, USD Million; 2019–2032)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Rest of MEA
- North America
Format:PDF
Base Year: 2023
No of pages: 250
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