Global Optometry Market Size, Share, Forecast Report, 2020-2027

The global Optometry market garnered revenue around USD 62.7 Billion in 2019 and projected to reach USD 88.3 Billion in 2027, with at a compound annual growth rate (CAGR) 4.5% throughout the estimate period from 2020 to 2027.

As optometry has evolved into the realm of therapeutics, the use of new technologies has become integral to optometric care. Thus, Optometrist equipped with cutting-edge technology that promise to recover visual performance. Academic and commercial pressures frequently force to develop new ideas, methods and therapeutic interventions.

Eyewear is one of the most accessible and visible accessories with an affordable price.  Thus, increasing importance for fashion accessories is significantly supporting growth of the global optometry market. Moreover, rising awareness about good vision and solutions available for the same and changing buying patterns of vision care equipment are the factors augmenting the growth of market

North America dominate the global optometry market in 2019 and the trend is anticipated to continue during the forecast period. Hub for key industry players and early adoption of technologically advaced products are likely boost the growth of market in region

Asia Pacific is likely to be a highly lucrative market for the optometry market and it is expected to expand at a high CAGR during the forecast period. Surge in geriatric population coupled with various eye diseases is likely propel the growth of market.

This research report encompasses precise assessment of the market with the help of comprehensive qualitative insights and supportable prognoses regarding market size, consumption and production. The projections presented in the report have been derived using proven research methodologies and assumptions. It does so by means of comprehensive qualitative insights, historical statistics, and verifiable predictions about market revenue and sales.

The rapidly budding threat owed to the eruption of COVID-19 is impacting lives, communities, businesses, and industries across the globe. With businesses shuttered, flights grounded,COVID-19 is about to affect the global economy in different ways such as by directly upsetting production and demand, by generating supply chain disruption, and by its financial impact on firms and financial markets. Therefore, this report covers COVID-19 outbreak impact analysis on the Optometry market under the research study. The market estimates offered in the report are the outcome of in-depth extensive secondary research, primary interviews and in-house professional assessments. These market evaluations have been measured by reviewing the impact of numerous social, political and economic factors coupled with recent market dynamics affecting the Optometry market growth.

The global Optometry market is characterized by the presence of numerous small as well as medium scale companies. These players are largely focused towards forward integration via raw material production, product manufacturing, and distribution across various industry verticals. The report recognizes numerous crucial manufacturers of the market. This research study aids to comprehend the strategies and associations that companies are converging to survive in this competitive marketplace. This report assists in understanding footprints of the manufacturers with the help of their global revenue, production, capacity and average selling price analysis for period 2016-2027.

Major manufacturers analysed under this study comprises:

Key players in the global optometry market include CooperVision, Johnson & Johnson Vision Care, Inc., Carl Zeiss, Novartis AG, Essilor, Valeant Pharmaceuticals International, Inc. (Bausch+Lomb Incorporated), ALLERGAN, Pfizer, Inc., F. Hoffmann-La Roche Ltd., Transitions Optical Limited, HOYA GROUP, CIRON Drugs & Pharmaceuticals Pvt. Ltd., NIDEK CO., LTD., TOPCON CORPORATION and GrandVision

This report delivers market breakdown and its revenue, consumption, production analysis and projections by categorizing it depending on parameters such as type, application/end-user, and region. This research report delivers the analysis and prognosis of revenue, production, price, market share and growth trend for different products such as:

• Global Optometry Market, by Product type
• Therapeutics
  • Anti- inflammatory  drugs
  • Anti-fungal drugs
  • Anti- infective drugs
  • Anti-allergy drugs
• Vision care equipment
  • Eye glasses
  • Contact lenses
• Global Optometry Market, by Distribution channel
  • Hospital Pharmacies
  • Online & Retail Stores
  • Optometry Clinics
  • Optical Centers
  • Others

Regional Analysis and Forecast

Further, this research study analyses market size, production, consumption and its advancement trends at global, regional, and country level for period 2016 to 2027 and covers following region in its scope:

• North America
  • United States
  • Canada
• Europe
  • Germany
  • United Kingdom
  • Italy
  • France
  • Rest of EU
• Asia Pacific
  • China
  • India
  • Japan
  • Southeast Asia
  • Rest of APAC
• Central & South America
  • Brazil
  • Argentina
  • Rest of Central & South America
• Middle East and Africa
  • UAE
  • Saudi Arabia
  • Rest of MEA