An increasing population of the elderly and related eye-health issues such as glaucoma, diabetic retinopathy, and macular degeneration, which arise from chronic ailments such as diabetes is a primary driving influence in the growth of the optometry market worldwide. Increasing disposable incomes and preference for design innovations in fashionable eyewear among a working class population have also significantly contributed demand of services from the optometry market. Revenues from the optometry market are estimated to grow at a modest CAGR of 4.1% through 2025. These insights have been taken from the report titled “Optometry Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025” added recently to the vast repository of Market Research Reports Search Engine (MRRSE).
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Anti-inflammatory drugs and eyeglasses continue contribute significantly to the revenues arising from the optometry market. However, contact lenses have lately been gaining significant traction in market share, which can be attributed to rising awareness about the different types of lenses and their utility in treating optical refractive errors.
North America, followed by Europe continue to hold majority market share, owing to their developed economies, advanced healthcare infrastructures and a high degree of awareness among the population in the region about the various treatments available for eye diseases. This serves to drive the market in these areas.
Key market players worldwide are focusing on diversifying product portfolios, and offering improved varieties of relevant treatments.
Optometry Market: Report Summary
This report delivers regional as well as global analysis & forecast on the optometry market, on the basis of value (US$ Mn) with the relevant CAGR, for the period of forecast 2017 to 2025. Vital dynamics, such as social, political, and economic factors that impact the optometry industry have been closely studied in this report.
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A detailed view of the key market players of the optometry industry has been offered in the report, with details such as overview of the company, financials, recent events, business strategies, and the portfolio of products, which helps the readers understand the competitive scenario among major as well as new market players.
Optometry Market: Research Methodology
Extensive primary and secondary research has been used, for extracting relevant insights on the optometry market. This includes in-depth face-to-face discussions and telephonic interviews with key industry experts and opinion leaders to extract useful insight into aspects such as market trends, market size, competitive scenario, and growth rates. Primary research forms the major part of the research efforts, which has been supported with thorough secondary research.
Leading and emerging market players in the optometry market have been closely studied, and information sources such as press releases, annual reports, and other relevant documents and databases have been analyzed for a clear idea about the market’s landscape. The research approach and methodology employed here has been tested and proven to be highly effective to gain meaningful insights on the market data, understanding factors affecting market players, and finding previously untapped business opportunities.
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