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Optometry Trends and Forecast
The future of the global optometry market looks promising with opportunities in the clinics and hospitals markets. The global optometry market is expected to reach an estimated $6.8 billion by 2030 with a CAGR of 6.5% from 2024 to 2030. The major drivers for this market are increase in prevalence of eye disorders, change in lifestyle, and adoption of digital technology.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Optometry by Segment
The study includes a forecast for the global optometry by type, end use, application, and region.
Optometry Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• OCT
• Ophthalmoscope
• Autorefractor
• Tonometer
• Slitlamps
• Wavefront Analyzer
Optometry Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Clinics
• Hospitals
• Others
Optometry Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• General Examination
• Cataract
• Glaucoma
• Macular Degeneration
• Others
Optometry Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Optometry Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies optometry companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the optometry companies profiled in this report include-
• B. Braun Vet Care
• Covetrus
• Animal Health
• Cardinal Health
• Shenzhen Mindray Animal Medical Technology
• Nonin Medical
• Advancis Veterinary
Optometry Market Insights
Lucintel forecasts that general examination is expected to witness highest growth over the forecast period due to growing number of elderly people and the rising incidence of eye disorders.
North America will remain the largest region over the forecast period due to well-established presence of companies and rise in disposable incomes in this region.
Features of the Global Optometry Market
Market Size Estimates: Optometry market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Optometry market size by type, end use, application, and region in terms of value ($B).
Regional Analysis: Optometry market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, end use, application, and regions for the optometry market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the optometry market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the optometry market size?
Answer: The global optometry market is expected to reach an estimated $6.8 billion by 2030.
Q.2 What is the growth forecast for optometry market?
Answer: The global optometry market is expected to grow with a CAGR of 6.5% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the optometry market?
Answer: The major drivers for this market are increase in prevalence of eye disorders, change in lifestyle, and adoption of digital technology.
Q4. What are the major segments for optometry market?
Answer: The future of the global optometry market looks promising with opportunities in the clinics and hospitals markets.
Q5. Who are the key optometry market companies?
Answer: Some of the key optometry companies are as follows:
• B. Braun Vet Care
• Covetrus
• Animal Health
• Cardinal Health
• Shenzhen Mindray Animal Medical Technology
• Nonin Medical
• Advancis Veterinary
Q6. Which optometry market segment will be the largest in future?
Answer: Lucintel forecasts that general examination is expected to witness highest growth over the forecast period due to growing number of elderly people and the rising incidence of eye disorders.
Q7. In optometry market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to well-established presence of companies and rise in disposable incomes in this region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the optometry market by type (OCT, ophthalmoscope, autorefractor, tonometer, slitlamps, and wavefront analyzer), end use (clinics, hospitals, and others), application (general examination, cataract, glaucoma, macular degeneration, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Optometry Market, Optometry Market Size, Optometry Market Growth, Optometry Market Analysis, Optometry Market Report, Optometry Market Share, Optometry Market Trends, Optometry Market Forecast, Optometry Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Optometry Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Optometry Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Optometry Market by Type
3.3.1: OCT
3.3.2: Ophthalmoscope
3.3.3: Autorefractor
3.3.4: Tonometer
3.3.5: Slitlamps
3.3.6: Wavefront Analyzer
3.4: Global Optometry Market by End Use
3.4.1: Clinics
3.4.2: Hospitals
3.4.3: Others
3.5: Global Optometry Market by Application
3.5.1: General Examination
3.5.2: Cataract
3.5.3: Glaucoma
3.5.4: Macular Degeneration
3.5.5: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Optometry Market by Region
4.2: North American Optometry Market
4.2.2: North American Optometry Market by Application: General Examination, Cataract, Glaucoma, Macular Degeneration, and Others
4.3: European Optometry Market
4.3.1: European Optometry Market by End Use: Clinics, Hospitals, and Others
4.3.2: European Optometry Market by Application: General Examination, Cataract, Glaucoma, Macular Degeneration, and Others
4.4: APAC Optometry Market
4.4.1: APAC Optometry Market by End Use: Clinics, Hospitals, and Others
4.4.2: APAC Optometry Market by Application: General Examination, Cataract, Glaucoma, Macular Degeneration, and Others
4.5: ROW Optometry Market
4.5.1: ROW Optometry Market by End Use: Clinics, Hospitals, and Others
4.5.2: ROW Optometry Market by Application: General Examination, Cataract, Glaucoma, Macular Degeneration, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Optometry Market by Type
6.1.2: Growth Opportunities for the Global Optometry Market by End Use
6.1.3: Growth Opportunities for the Global Optometry Market by Application
6.1.4: Growth Opportunities for the Global Optometry Market by Region
6.2: Emerging Trends in the Global Optometry Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Optometry Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Optometry Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: B. Braun Vet Care
7.2: Covetrus
7.3: Animal Health
7.4: Cardinal Health
7.5: Shenzhen Mindray Animal Medical Technology
7.6: Nonin Medical
7.7: Advancis Veterinary
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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