According to the report of P&S Intelligence, the size of the eye testing equipment market was USD 2,852.2 million in 2021, and it will increase to USD 5,246.1 million by 2030, powering at a rate of 7% in the years to come.
Glaucoma will have the fastest growth, at a rate of 8%, in the years to come, as this eye disorder is extremely predominant. In 2020, about 78 million people had glaucoma, and this will be approximately 110 million by 2040.
OCT and tonometry support in diagnosing glaucoma, that is the reason why the rising frequency of this illness will power the requirement for OCT devices and tonometers.
North America dominated the industry with around 35%, in the past. This has a lot to do with the widespread use of cutting-edge products in eye care services, along with the high spending on this feature of human health. By the way, the increasing elderly population and growing consciousness about eye care will drive the growth of the industry in the years to come.
APAC followed North America, and its industry will grow at a considerable rate in the years to come. This will be since of the increasing count of people with vision loss, which will pose a challenge to eye care providers, prompting them to obtain advanced equipment for diagnosis.
It is because of the advancement in the technology of ophthalmic diagnostics, the demand for eye testing equipment will be on the rise in the years to come.