PUBLISHER: The Business Research Company | PRODUCT CODE: 1827826
PUBLISHER: The Business Research Company | PRODUCT CODE: 1827826
Optometry equipment encompasses tools designed to prevent accidents, illnesses, and eye damage. Meanwhile, ophthalmic equipment focuses on managing eye drainage or providing support to eye structures and surrounding areas.
The primary products within the realm of optometry equipment include devices for cataract and glaucoma surgeries, ophthalmic diagnostics, vitreoretinal surgery, and ophthalmic lasers. Cataract surgery devices specifically address the removal of the cloudy natural lens during cataract procedures, replacing it with a clear artificial lens. These tools facilitate various examinations-such as retina, cornea, and general assessments-utilized across hospital outpatient departments, physician practices, specialty clinics, ambulatory care centers, and research institutes.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The sharp increase in U.S. tariffs and resulting trade tensions in spring 2025 are significantly impacting the medical equipment sector, especially for imported components used in imaging machines, surgical-grade stainless steel, and disposable plastics. With hospitals and clinics pushing back against price increases, manufacturers are facing margin pressure. The situation is further complicated by regulatory challenges, as switching suppliers due to tariffs often necessitates re-certification of medical devices, leading to delays in market entry. In response, companies are mitigating risks by dual-sourcing key components, ramping up domestic production of standardized items, and accelerating research into more cost-effective materials.
The optometry equipment market research report is one of a series of new reports from The Business Research Company that provides optometry equipment market statistics, including optometry equipment industry global market size, regional shares, competitors with optometry equipment market share, detailed optometry equipment market segments, market trends, and opportunities, and any further data you may need to thrive in the optometry equipment industry. This optometry equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The optometry equipment market size has grown strongly in recent years. It will grow from $3.58 billion in 2024 to $3.79 billion in 2025 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to aging population and vision care needs, increasing prevalence of eye disorders, expanding access to eye care services, rising consumer awareness of eye health, global economic development, government initiatives supporting eye health.
The optometry equipment market size is expected to see strong growth in the next few years. It will grow to $5.13 billion in 2029 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to advancements in tele optometry and remote eye care, personalized vision correction solutions, rising importance of preventive eye care, global expansion of optometry services, increased collaboration with ophthalmology, growing demand for specialty lenses. Major trends in the forecast period include integration of artificial intelligence in diagnostics, focus on patient-friendly technologies, expansion of point-of-care testing, customization and personalization of vision correction, environmental sustainability in equipment design.
The forecast of 7.9% growth over the next five years indicates a slight reduction of 0.1% from the previous estimate for this market.This reduction is primarily due to the impact of tariffs between the US and other countries. This is likely to directly affect the US through higher prices for auto-refractors and phoropters, key imports from Italy and Japan, straining eye care providers and clinics.The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.
The optometry equipment market is experiencing growth propelled by the rising prevalence of eye diseases, encompassing various conditions affecting the human eye. These tools are crucial in objectively determining refractive errors and examining the internal eye structure. Optometry equipment facilitates magnified examinations of the eye's anterior segment, assesses cylindrical lens power and axis, and evaluates contact lens power and axis. Citing data from the World Health Organization in 2022, approximately 2.2 billion individuals globally suffer from near or distance vision impairment, with nearly half of these cases being preventable or yet to be addressed. This trend is anticipated to drive the expansion of the optometry equipment market in the foreseeable future.
The optometry equipment market is poised for growth due to the increasing aging population phenomenon, marked by a greater proportion of individuals aged 65 and older. Optometry equipment assumes a critical role in addressing the specific visual needs of this demographic, given the heightened occurrence of age-related eye conditions like presbyopia, cataracts, and macular degeneration. The projected global increase in the elderly population, cited in a 2023 United Nations report, anticipates a doubling from 761 million in 2021 to 1.6 billion by 2050. This demographic shift fuels demand for optometry equipment to cater to the vision care requirements of aging individuals, thereby driving market expansion.
Technological advancement stands as a notable trend shaping the optometry equipment market, with major players continually innovating to maintain market positioning. In December 2022, Vision Rx Lab, an India-based ophthalmic lens manufacturer, introduced the Nova Ai lenses, a progressive lens series powered by AI technology. These lenses offer wearers customized, natural vision tailored to their individual viewing style, employing advanced technologies such as the Metamorph technology for personalized visual experiences. Innovative features like the Binocular Balancing System and Maxi View Technology enhance natural vision, making these lenses a breakthrough in progressive lens technology.
Leading companies in the optometry equipment market are engaging in strategic partnerships to fortify their market positions. These structured alliances, such as the collaboration between HOYA Vision Care and NIDEK Co. Ltd. announced in February 2023, aim to leverage complementary portfolios in optical instruments and products to deliver comprehensive patient care. HOYA Vision Care, a Thailand-based optical technology company, partnered with NIDEK Co. Ltd., a Japanese firm specializing in ophthalmic equipment design, manufacturing, and distribution. The strategic collaboration seeks to offer end-to-end services-from eye examination to consultation and the delivery of top-quality spectacle lenses-strengthening their market foothold.
In January 2022, Advancing Eyecare, a US-based company specializing in ophthalmic instruments, completed the acquisition of Santinelli International for an undisclosed sum. This strategic move aligns with Advancing Eyecare's commitment to empowering ophthalmic practices by exploring innovative avenues. Santinelli International, a US-based firm specializing in optical finishing equipment, is seen as a complementary addition to Advancing Eyecare's portfolio.
Major companies operating in the optometry equipment market are Carl Zeiss Meditec AG, Abbott Laboratories, Alcon Inc., AMETEK Inc., Associated Regional and University Pathologists Inc., Bausch Health Companies Inc., Essilor International SA, HEINE Optotechnik GmbH & Co. KG, Johnson & Johnson, Nidec Corporation, Oculus Inc., Revenio Group PLC, Topcon Medical Systems Inc., Ziemer Ophthalmic Systems AG, Kowa American Corporation, Neitz Instruments Co. Ltd., Huvitz Co. Ltd., Shin Nippon Machinery Co. Ltd., Takagi Ophthalmic Instruments Europe Ltd., Medmont International Pty Ltd., Tomey Corporation, US Ophthalmic, Keeler Ltd., Canon Inc., Hoya Corporation, Heidelberg Engineering GmbH, Halma PLC, Welch Allyn Inc., Burton Medical Products Corp., Marco Ophthalmic Inc., Avantgarde Medical Inc., Shanghai Optics Inc., Sutter Instrument Company, Radiant Vision Systems LLC
North America was the largest region in the optometry equipment market share in 2024. The regions covered in the optometry equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the optometry equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The optometry equipment market consists of sales of OCT (optical coherence tomography) scanners, fundus cameras, ophthalmoscopes, and visual field analyzers. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Optometry Equipment Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on optometry equipment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for optometry equipment ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The optometry equipment market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.