Optometry Equipment Sales Surge in Line with Industry’s Focus on Easy Access and Competitive Price Point, Says FactMR
Estimated to witness ~4% Y-o-Y growth in the revenues over 2018, the global optometry equipment market is likely to reach ~US$ 4 Bn in 2019. FactMR’s latest market intelligence on optometry equipment suggests that ~37% of overall sales are accounted by ophthalmic diagnostic equipment, which points to the soaring significance of diagnostics in the eye car industry. The report also points to the promising progress in the revenue shares of surgery devices in optometry equipment market. The global optometry equipment market is expected to experience promising growth over the forecast period. The report attributes this growth outlook to an increase in the geriatric population and the subsequent rise in prevalence of Asthenopia (eye strain). Vision loss has been among the most widespread conditions worldwide, particularly in aging population that is more prone to diabetes. This, according to FactMR’s research, is accounting for complications in procedures, such as retinopathy leading to...