The Vision Care Devices And Equipment Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Vision Care Devices And Equipment Global Market Report 2024, The vision care devices and equipment market size has grown rapidly in recent years. It will grow from $30.69 billion in 2023 to $33.98 billion in 2024 at a compound annual growth rate (CAGR) of 10.7%. The growth in the historic period can be attributed to eye health awareness, aging population, fashion and aesthetics, increased screen time.
The vision care devices and equipment market size is expected to see strong growth in the next few years. It will grow to $49.26 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to digital eye strain, aging demographics, myopia management, sustainable and eco-friendly products. Major trends in the forecast period include smart eyewear, customized and 3d-printed eyewear, ai-powered eye examinations, teleophthalmology.
The rising use of electronic devices is a continuous driver for the growth of the vision care devices and equipment market. Usage of laptops, mobiles, PCs, and other electronic devices has increased in day-to-day life, which is the major factor responsible for eye-related problems. According to a survey by Deloitte, Americans collectively check their phones over 8 billion times per day. On average, every person spends about five hours daily browsing the internet and using apps.
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The vision care devices and equipment market covered in this report is segmented –
1) By Type: Intraocular Lens; Ophthalmic Lasers; Glaucoma Drainage Devices; Contact Lenses; Other Types
2) By Aplication: Vision Care; Diagnosis; Surgery
3) By End User: Hospitals; Ambulatory Surgery Centers; Optical Centers; Other End users
The vision care devices and equipment market report table of contents includes:
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Top Major Players
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