MEA Eye Exam Equipment Market

MEA Eye Exam Equipment Market Size (2022 to 2027)

The size of the MEA Eye Exam Equipment Market is forecasted to be growing at a CAGR of 4.86% during the forecast period. The market size is estimated to be USD 0.27 billion by 2027 from USD 0.21 billion in 2022.

The eye exam equipment market in the MEA region is expected to be drive by increasing demand for early and accurate detection of a medical condition, a rise in the prevalence of ophthalmic disorders, and growing eye care clinics across the MEA. Also, technological advancements in ophthalmology paved for the advent of advanced surgical ophthalmic devices, which is expected to drive market growth. 

In addition, Due to the rising prevalence of severe eye disorders and vision loss, which have become important public health problems, the elderly population is leading in a growth in the patient pool in the optometry market. Furthermore, the senior population is more likely to develop diabetes, which causes visual impairment, a key driver of the optometry equipment market. Further, the rising usage of contact lenses and surgical ophthalmic devices during refractive error correction surgery significantly pushes the market during the forecast period.

According to statistics published by the National Institute of Health, people aged 40 and older have cataracts in their eyes; this number is anticipated to rise over the projection period; this demonstrates the potential for ophthalmic therapies to be in high demand boosting the market growth.

Moreover, increasing investments and funding by the government and private organizations to adopt advanced equipment vision care practices is expected to contribute to market growth. The retina and glaucoma examination products segment accounted for the largest share of the MEA eye exam equipment market. Leading competitors are now focusing on innovative product releases and portfolio growth to secure their brand position in the eye care industry. Furthermore, most market competitors are capitalizing on the growing need for efficient and reliable diagnostics by increasing expenditures in introducing diagnostic optometry equipment.

However, the lack of skilled and trained professionals engaged in eye diagnosis treatments is expected to restrain the growth of the MEA eye exam equipment. Also, a lack of awareness about the usage of advanced technology devices is hindering market growth. In addition, the cost of eye examinations and treatments is too high for countries with low per capita income. Therefore, a key difficulty for this industry is making eye testing and treatment affordable.

The research report on the MEA eye exam equipment market has been segmented and sub-segmented into the following categories.

By Type:

• OCT Scanners         
• Fundus Cameras   
• Perimeters              
• Ophthalmoscope 
• Ultrasound              
• Autorefractor        
• Slit Lamp  
• Corneal Topography           
• Lensmeter            
• Chart Projectors 
• Wavefront Analyzer

By End User:

• Hospitals
• Clinics

By Country:

• KSA
• UAE
• Israel
• rest of GCC countries
• South Africa
• Ethiopia
• Kenya
• Egypt
• Sudan
• rest of MEA

The MEA is anticipated to witness a moderate share in the Eye Exam Equipment Market. Improving the healthcare sector, adopting advanced ophthalmic treatments, and government investment contributes to the MEA regional market growth. Moreover, emerging countries such as South Africa, UAE, and Saudi Arabia expand the Eye Exam equipment market.

Over the forecast period, South Africa accounted for the highest share in the market due to various small and large surgical and medical device manufacturing companies offering products for ophthalmic treatments. Companies are focusing on implementing strategies such as regional expansion, new product development through advanced technologies, partnerships, and distribution agreements to increase their revenue share.

On the other hand, UAE and Saudi Arabia are anticipated to witness a considerable share in the Eye Exam Equipment Market. the market growth is expected to be driven by the proliferation of eye diseases due to the excessive usage of computers and mobile phones.

KEY MARKET PLAYERS:

A few noteworthy companies operating in the MEA eye exam equipment market profiled in this report are Carl Zeiss, Haag-Streit, Topcon, NIDEK, Heidelberg Engineering, Escalon, Novartis, Valent, Canon, and Luneau Technology.