Global Eyesight Test Device Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Eyesight Test Device Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

An eye test is a series of tests performed by an ophthalmologist, optometrist, or orthoptist assessing vision and ability to focus on and discern objects, as well as other tests and examinations pertaining to the eyes.

Market Overview:

The latest research study on the global Eyesight Test Device market finds that the global Eyesight Test Device market reached a value of USD 849.15 million in 2022. It’s expected that the market will achieve USD 1332.58 million by 2028, exhibiting a CAGR of 7.8% during the forecast period.

Drivers

North America, Europe, China, India, South America, Middle East and Africa

A variety of eye tests are performed by optometrists and ophthalmologists to examine eye health. These range from simple tests that use simple eye charts or complex eye examination wherein devices that can visualize the tiny structures inside an individual's eyes. Combination of several tests can be performed for a complete eye evaluation. Increase in the focus on eye care among people has propelled the need for comprehensive eye examinations.

Increase in prevalence of eye associated disorders among the developed as well as developing countries has majorly contributed to the growth of the eye testing equipment market. In addition, introduction of technologically advanced eye testing devices in the market along with the activities initiated by the government to manage the burden of eye disorders across the globe have supplemented the market growth.

Apart from this, increase in the technological advancements in the field of ophthalmological diagnostics, increasing government initiatives to control visual impairment also promote this industry.

In developed market, they have more international companies, good channels, highly market maturity, fierce competition, a highly competent management team, technology and finance advantages, keep on innovation, prominent market participants invest heavily in R&D, with introduction of new technologies to their products, all of which make a growing market demand for Eyesight Test Device.

Opportunities

Improve performance

With the progress in science and technology, more advanced production methods, investment of companies, there will be more cost effective, high performance product in the future.

Emerging countries

For example, China, India are developing their industries, with the progress of economy and technology, rise in demand for comprehensive eye examinations across the developing economies offers profitable opportunities for the expansion of the market.

Region Overview:

Europe had the highest growth rate of all regions.

Company Overview:

Topcon is one of the major players operating in the Eyesight Test Device market, holding a share of 20.83% in 2018.

For nearly 70 years, Topcon has specialized in eye care, improving human eye health through innovations in examination, diagnosis, and treatment.

Essilor International S.A. is a French-based international ophthalmic optics company that designs, manufactures and markets lenses to correct or protect eyesight. Its headquarters is based in Charenton-le-Pont (near Paris), France.

Segmentation Overview:

By type, Portable Eyesight Test Device segment accounted for the largest share of market in 2021.

Application Overview:

By application, the Hospital/Clinics segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Eyesight Test Device market covered in Chapter 3:

TAKAGI
NIDEK
Essilor Group
Welch Allyn
Medizs
EyeNetra
Metall Zug AG (Haag Streit)
Tomey
Volk Optical
OCULUS
Huvitz
Reichert Technologies
Canon
Topcon
BON Optic
Plusoptix
Visionix
Carl Zeiss
Potec

In Chapter 4 and Chapter 14.2, on the basis of types, the Eyesight Test Device market from 2018 to 2029 is primarily split into:

Portable Eyesight Test Device
Stationary Eyesight Test Device

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Eyesight Test Device market from 2018 to 2029 covers:

Hospital/Clinics
Eyeglass Store
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)