Vision Testing System Market : Review With Forecast Research Report 2019 - 2027
Vision Testing System Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027
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 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.
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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 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.