The global optometry equipment market is valued at an estimated USD 4.0 billion in 2022 and is projected to reach USD 5.4 billion by 2027, at a CAGR of 6.4% during the forecast period. The optometry equipment market is driven by the increasing prevalence of eye disorders, rise in geriatric population and technological advancement in optometry equipment.
The top players in this market are Carl Zeiss Meditec AG (Germany), EssilorLuxottica (France), Alcon (Switzerland), Topcon Corporation (Japan) and Bausch Health Companies Inc. (Canada). These players lead the market because of their extensive product portfolios and wide geographic presence. These players have also invested in organic strategies such as product launches and regulatory approvals and inorganic growth strategies such as partnerships, agreements, and acquisitions to maintain their market shares.