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. 

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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. 

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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 

The report on vision testing systems market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The vision testing systems market report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The vision testing systems market report also maps the qualitative impact of various market factors on market segments and geographies. 

Regional analysis for vision testing system market includes:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold 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.

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