In latest research, global ophthalmic diagnostic equipment is segmented, studied and analysed on the basis of product type. Among these product types, optical coherence tomography(OCT) is expected to be the largest market in product segment owing to cost-effectiveness and rising preferences by ophthalmologists.
The market of ophthalmic diagnostic equipment market accounted for USD 2.2 Billion in 2015. In addition to this, the global ophthalmic diagnostic equipment market is predicted to flourish significantly at a CAGR of 5.2% over the forecast period i.e. 2016-2023 due to growing awareness towards eye related diseases and growing need of cost-effective and precise diagnosis.
The market of North America region is expected to account the largest revenue share over the forecast period owing to rising demand for eminence diagnostics and rising awareness towards eye related diseases among the population.
Asia-Pacific is expected to be the second largest share contributor across the globe in the market of ophthalmic diagnostic equipment. Factors such as presence of emerging nations such as India, China, etc., rise in GDP growth, growing elderly population and increase in healthcare expenditure are prompting the demand for ophthalmic diagnostic equipment in the region.
Technological Advancements: Endurance
Introduction of advanced ophthalmic diagnostic equipment, reduction of human error, rising awareness towards eye diagnosis, increase in health expenditure by governmental authorities and rise in funds for the advancement of diagnostics technology in order to obtain accurate and qualitative results are some of the key elements which is expected to bolster the demand for ophthalmic diagnostic equipment in near future.
Rising aging population: Major Encumbrance
Factors such as rise in aging population coupled with higher risk of eye related diseases such as macular degeneration and cataract and initiatives from the government authorities in order to create awareness towards eye related diseases among the population are prompting the demand for ophthalmic diagnostic equipment.
Apart from this, high cost of ophthalmic diagnostic equipment; increase the cost of diagnosis tests as compared to conventional diagnostic tests, requirement of periodic calibration of equipment, lack of awareness towards ophthalmic diagnostic equipment and high risk associated with eye surgeries are some of the factors which are hindering the growth of ophthalmic diagnostic equipment market across the globe.
The report titled “Global Ophthalmic Diagnostic Equipment Market Outlook 2023" delivers detailed overview of the Global Ophthalmic Diagnostic Equipment Market in terms of market segmentation by Product Type, by End-user.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the service providers of the Global Ophthalmic Diagnostic Equipment Market which includes company profiling of Carl Zeiss Vision International GmbH, Quantel Medical Inc., Coburn Technologies Inc, TOPCON Corporation, etc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview on the Global Ophthalmic Diagnostic Equipment Market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stake holders to align their market centric strategies according to the ongoing and expected trends in the future.
To know more about this research, kindly visit https://www.researchnester.com/reports/ophthalmic-diagnostic-equipment-market-global-demand-growth-analysis-opportunity-outlook-2023/187