Optometry Market Report: Trends, Forecast and Competitive Analysis to 2030

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.

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?