The Vision Screeners Market is expected to register a CAGR of 5% during the forecast period. This is attributed to the growing incidences of eye strain disorder, the growing popularity of health concern and technological advancement in these devices. Vision screeners are very useful for the detection of several vision problems and aid the demand for treatment related to eye disorders. The increasing rate of vision problems among the population is very common due to lack of proper nutrition, irregular eye checkups, and inconsistent care. This results in the adoption of these devices for early indication and treatment which then further boosts the vision screener market. Moreover, the growing demand for early and accurate detection of medical conditions with the advent of advanced vision screeners is also among the key drivers triggering the market. Furthermore, as per the World Health Organization (WHO), an estimate of 2.2 billion population experience vision impairment or blindness in which 1 billion population has those types of vision impairment that can be prevented. Thus, a huge target population surge in the demand for vision screeners for early prevention and further drives the overall market.
Key Market Trends
Hospital segment in Vision Screeners Market is Estimated to Witness a Healthy Growth in Future.
Hospitals are estimated to witness healthy growth in the future attributed to an increasing number of targeted patient pools, growing awareness about health concerns and an increasing number of hospitals around the world. Vision screeners devices include several types of tests such as Vision Screening Test Testing, binocular testing, color vision testing and these can be performed mostly in hospitals result in boosting the segment growth. Moreover, the growing number of eye disorders globally is leading to the adoption of regular eye checkups and propel the overall market.
North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period
North America is expected to hold a significant market share in the global Vision Screeners Market due to the increasing aging population, the rising burden of eye disorders, growing awareness among the population. For instance, according to a report published by the National Institute of Health (NIH) in 2017, an estimate of 2.4 million population (aged over 40 years) in the United States has cataracts in their eyes and the number is expected to rise in the future. Furthermore, increasing healthcare expenditure and the presence of well-established healthcare infrastructure is also fueling the growth of the overall regional market to a large extent.
The Vision Screeners Market is fragmented competitive and consists of several major players. In terms of market share, few of the major players are currently dominating the market. Some of the companies which are currently dominating the market are Welch Allyn, FIM Medical SAS, OCULUS, Inc., Plusoptix Inc., Stereo Optical Co., Inc., Adaptica Srl, Essilor Instruments USA, and Honeywell International Inc.
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Table of Contents
1.2 Scope of the Study
4.2 Market Drivers
4.2.1 Growing Popularity of Health Concern
4.2.2 Growing Incidences of Eye Strain Disorder
4.2.3 Technological Advancements
4.3 Market Restraints
4.3.1 High Cost of Devices
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5.1.1 Vision Screening TestTesting
5.1.2 Binocular Testing
5.1.3 Color Vision Testing
5.2 By End User
5.2.2 Ambulatory Surgical Centers
5.3.1 North America
188.8.131.52 United States
184.108.40.206 United Kingdom
220.127.116.11 Rest of Europe
18.104.22.168 South Korea
22.214.171.124 Rest of Asia-Pacific
5.3.4 Middle-East and Africa
126.96.36.199 South Africa
188.8.131.52 Rest of Middle-East and Africa
5.3.5 South America
184.108.40.206 Rest of South America
6.1.1 Hill-Rom (Welch Allyn)
6.1.2 FIM Medical SAS
6.1.3 OCULUS, Inc.
6.1.4 Plusoptix Inc.
6.1.5 Stereo Optical Co., Inc.
6.1.6 Adaptica Srl
6.1.7 Essilor Instruments USA
6.1.8 Honeywell International Inc
A selection of companies mentioned in this report includes:
- Hill-Rom (Welch Allyn)
- FIM Medical SAS
- OCULUS, Inc.
- Plusoptix Inc.
- Stereo Optical Co., Inc.
- Adaptica Srl
- Essilor Instruments USA
- Honeywell International Inc