Market Trends of Vision Screeners Industry
Hospital Segment is Expected to Witness a Healthy Growth Over the Forecast Period
- The hospital segment is expected to witness healthy growth due to the increasing number of targeted ophthalmic patient pools in hospitals, growing awareness about the importance of early detection of eye diseases, and the emergence of multispecialty ophthalmic hospitals worldwide.
- For instance, according to the activity report published by Aravind Eyecare System Chennai, 4.3 million outpatient cases were reported in the hospital from April 2021 to March 2022. Thus owing to the high prevalence of patient pools in hospitals that undergoes eye examinations, the demand for vision screeners is likely to rise, contributing to the segment growth over the forecast period.
- Furthermore, an increase in investments to launch advanced eye care hospitals is expected to contribute to segment growth. For instance, in February 2023, a GBP 300 million (USD 393.5 million) contract was awarded to Bouygues UK to build Oriel, the new integrated UCL-Moorfields Eye Hospital Centre for advancing eye health. Moreover, new ophthalmic hospital launches, collaborations, and partnerships are major factors boosting the market growth.
- For instance, in December 2022, ASG Eye Hospitals, an eye hospital chain, launched its new hospital in Vashi, Navi Mumbai. The new super-specialty eye hospital is ASG's second facility in the Mumbai Metropolitan Region (MMR) and the sixth in Maharashtra, India. Hence, these hospital expansions and launches are expected to create a significant demand for vision screeners, driving market growth.
- Additionally, hospital expansion and government collaboration in eye care are expected to promote market growth during the forecast period. For instance, in May 2022, Sankara Eye Hospital launched dedicated Centres of Excellence in vitreoretinal diseases and oncology and pediatric ophthalmology, strabismus, and neuro-ophthalmology in Bengaluru.
- Hence, due to the increase in the ophthalmic disease patient pool in hospital rise in ophthalmic hospital launches and expansions, the hospital segment is likely to witness significant growth during the forecast period.
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North America is Expected to Witness a Significant Growth Over the Forecast Period
- North America is expected to witness significant market growth in the vision screeners market due to the rising burden of eye disorders, an increase in government initiatives to undergo vision screening, well-established healthcare infrastructure, and the presence of key market players.
- For instance, In addition, as per the data updated by the Centers for Disease Control and Prevention (CDC), in December 2022, approximately 12 million people of age 40 years and over in the United States have vision impairment, including 1 million who are blind, 3 million who have vision impairment after correction, and 8 million who have vision impairment due to uncorrected refractive error. The large population suffering from vision disorders necessitates proper eye examinations, which, thereby likely to drive the market in North America during the forecast period.
- Additionally, in October 2022, the Canadian Ophthalmological Society and the Canadian Association of Optometrists collaborated to conduct a joint access research survey in vision health. The survey revealed that Canadians experienced or have been diagnosed with one or more changes to their eye health which demanded a comprehensive exam and pointed to a significant need for eye disease awareness. Hence, such surveys are likely to create a demand for a proper eye examination, thereby boosting market growth over the forecast period.
- Furthermore, an increase in government initiatives and campaigns to undergo proper eye disease diagnosis and strategic product launches by the key players are expected to drive market growth.
- For instance, in January 2023, the Canadian Ophthalmological Society (COS) conducted the Glaucoma Awareness program, which recommended regular eye exams for difficult-to-detect eye disease among the Canadian Population. Moreover, in August 2021, Maryland-based RightEye launched eye care's first automated sensorimotor exam for binocular vision testing. RightEye Sensorimotor is a simple, all-in-one examination method that optometrists and ophthalmologists can use on every patient to objectively identify and treat binocular vision problems and oculomotor dysfunction.
- Hence, such awareness programs and advanced vision screeners launches are expected to augment the market growth in North America. Thus, due to the high prevalence of ophthalmic diseases, rise in awareness campaigns, and increase in vision screener launches, North America is expected to grow in the forecast period.
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