Vision Testing System Market Introduction

Vision testing is examination of eyes for diagnosis of any abnormalities or defects. Various types of vision testing systems are used by optometrists and ophthalmologists to detect vision defects or eyes disorders. Uncorrected refractive errors are the major causes of visual impairment and vision loss in the long term. 

Optical coherence tomography (OCT) is a vision testing system, which uses light waves and takes cross-sectional images of the retina. Corneal topography is another vision testing system, which provides detailed description of various curvature and shape characteristics of the cornea. Optical coherence tomography (OCT) enables an ophthalmologist to visualize the distinctive layers of the retina, which helps in the treatment of patients suffering from glaucoma. 

Vision Testing System Market – Competitive Landscape

Key players operating in the global vision testing system market are engaged in collaboration for research & development of technology used in vision testing systems. ZEISS International, Metal Zug AG, Essilor, and Luneau Technology Group are Europe-based players operating in the global vision testing system market. 

Identify the Key Factors that will drive your Company’s Growth. Request a Brochure of this Report here 

ZEISS International

ZEISS International is an international enterprise operating in the field of optoelectronics and optics. ZEISS International operates through four business segment that are industrial quality & research, medical technology, consumer markets and semiconductor manufacturing technology. ZEISS International has strong sales channel and do business in around 50 countries. Company has 30 production sites and 25 development sites. 

Alcon

Alcon is a global leader in eye care with 70 years of expertise in vision testing technologies. Alcon is one of the largest eye care device manufacturers in the world. Company has a strong sales network in around 70 countries. Company have wide range of products into product portfolio categorized under surgical and vision care business divisions.

 Topcon Corporation

Topcon Corporation is a Japanese company with business in major segments such as   positioning (GNSS, machine control system, precision agriculture), smart infrastructure (surveying instruments, 3D measurement, monitoring), and Eye Care (ophthalmic instruments, refraction instruments). Major product offerings of the company under eye care division includes 3D OCT, retinal camera, photocoagulator, tonometer, slit lamps, operation microscope, specular microscope, ophthalmic data system IMAGEnet, vision tester, auto refractometer, auto kerato-refractometer, lensmeter, chart projector. 

Other key players in the global vision testing system market include NIDEK CO., LTD., HOYA Group, and CooperVision. 

Vision Testing System Market – Dynamics 

Increase in incidence of eye diseases and refractive errors is a major factor driving the global vision testing system market

Rise in prevalence of eye defects such as diabetic retinopathy, age-related macular degeneration, cataract, and glaucoma boosts the growth of the global vision testing system market. According to National Eye Institute statistics, around 2.9 million people in the U.S. have low vision and nearly 5 million people are estimated to have low vision by 2030.Further, rise in the geriatric population is another key factor propelling the incidences of vision related disorder which in turn is expected to drive the global vision testing system market during the forecast period. According to the World Health Organization (WHO), the global geriatric population is likely to reach 2 billion (22% of the global population) by 2050, as compared to 617 million in 2015. 

Expanding Operations in Future? To get the perfect launch ask for a Custom Report here 

Government initiatives and technological advancement is fuelling the vision testing system market

Manufacturers are focusing on innovation of technologically advanced vision testing systems. This is also likely to augment the global vision testing system market. Government initiatives for eye care in developing countries such as India is another factor driving demand for vision testing systems. 

High cost of vision testing systems restraining vision testing system market growth

However, high cost of vision testing systems is expected to hamper the growth of the global vision testing system market during the forecast period. Comprehensive eye testing examination methods opted by optometrists and ophthalmologists for eye care is expensive. According to the American Optometric Association, optometrists accounted for 53% of primary eye care services provided to patients in North America in 2013, while ophthalmologists and opticians accounted for the remaining 47%. High cost of eye test using advanced vision testing system and poor reimbursement polices might impact the market. 

Vision Testing System Market – Segmentation

On the basis of device type, the global market can be divided into

  • General Eye Testing Devices
    • Autorefractors & Keratometers
    • Slit Lamps
    • Chart Projectors
    • Tonometers
    • Lens meters
  • Retina & Glaucoma Testing Devices
    • Ophthalmoscopes
    • Fundus Cameras
    • Retinoscopes
    • Perimeters/visual field analyzers
    • Optical coherence tomography (OCT)
  • Cornea & Cataract Examination Devices
    • Optical Biometry Systems
    • Corneal Topography Systems
    • Wavefront Aberrometers
    • Specular Microscopes

On the basis of end user, the global market can be divided into

  • Hospitals
  • Specialty Clinics
  • Others 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Vision Testing System Market

Pre Book