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Vision Screeners Market

Vision Screeners Market

Vision Screeners Market

Vision Screeners Market by Product (Table-Top Vision Screeners, Portable/Handheld Vision Screeners), Technology (Vision Screening Tests, Color Vision Test) & Region - Forecast 2022 - 2029

Vision Screeners Market Outlook- 2022-2029

[240 Pages Report] The global Vision Screeners Market is expected to grow at a CAGR of 5.9% during the forecast period 2022-2029. Increasing prevalence of eye diseases is the major factor accelerating the growth in the market.

Attribute

Details

Market Size Value in 2022

US$ 579.2 Mn

Market Size Value in 2029

US$ 815.2 Mn

Historical CAGR (2016-2021)

4.8%

CAGR (2022-2029)

5.9%

Demand is expected to surge on the back of rising government support and funding for vision screening test in schools and organizations. Growing prevalence of vision impairment in young children is also underpinning the need for advanced vision screeners.

On account of the aforementioned factors, the overall sales in the global vision screeners market are projected to surpass US$ 815.2 Mn by the end of 2029.

2016-2021 Vision screeners Market Outlook in Comparison to 2022-2029 Growth Forecast

As per Future Market Insights (FMI), demand in the global vision screeners market grew at 4.8% CAGR between 2016 and 2021. However, sales are projected to increase 1.4x over the forecast period.

Rapid developments in the healthcare sector and advancements in technology are augmenting the growth in the vision screeners market. Growing prevalence of vision impairment, especially among children, is propelling the demand.

Lack of proper nutrition, irregular eye check-ups, and extensive usage of smartphones is resulting in vision impairment. To reduce the global burden, especially across underdeveloped regions, governments worldwide are undertaking several initiatives to create awareness.

Subsequently, surging demand for early and accurate detection of medical conditions such as vision impairment, spot vision, and others has created lucrative prospects for players operating in the market, especially across Asia Pacific excluding Japan.

As per the National Blindness & Visual Impairment Survey, prevalence of vision impairment and number of blind individuals in India surpassed 24.1 million by the end of 2020. The government anticipates, with the initiatives and improvement in healthcare infrastructure, 15.6 million persons can be saved from permanent blindness.

In response to such developments in emerging economies, key players operating in the vision screeners market are eyeing these regions to improve sales. Further, following the outbreak of COVID-19, awareness regarding health among people has surged significantly.

Hence, demand for portable/handheld vision screeners, especially for patients in home care settings is expected to increase. Backed by the aforementioned factors, the global vision screeners market is expected to witness robust growth over the forecast period, opines FMI.

How Will Increasing Demand for Paediatric Vision Screeners Influence Sales?

Lack of proper nutrition in new-borns, especially in under developed economies, has resulted in numerous medical conditions. Increasing prevalence of vision problems in children is aiding the demand for treatments related to eye disorders.

Vision impairment is one of the most common medical conditions that young children are facing due to several reasons. Irregular eye check-ups, inconsistent care, increased screen-time, are some of the major factors resulting in vision impairment, sometimes blindness.

Around 6.8% of children under the age of 18 are diagnosed with vision and eye condition in the U.S, states the Centers for Disease Control and Prevention (CDC). Over 3% of children under the age of 18 are visually impaired or have some eye related disorders.

Hence, governments across the globe are undertaking several initiatives in collaboration with leading companies to spread awareness regarding treatment. Consequently, key players in the market are developing innovative products to curb the prevalence of such disorders among children.

Governments worldwide are initiating several pre-school programs, which enables pre-school children to undergo vision screening tests. These initiatives are expected to increase the demand for vision screeners, driving the growth of the market.

Country-wise Analysis

Why is Demand for Vision Screeners Increasing in the U.K.?

Surging Prevalence of Vision Impairment to Drive Demand in the U.K. Market

In the U.K., there are nearly 2 million people suffering from vision loss and around 360,000 diagnosed a visually impaired or partially blind, according to the U.K. National Health Statistics.

As per FMI, the U.K. is expected to be one of the most lucrative pockets in Europe for vision screeners market players. Growth in the country is attributable to the growing prevalence of vision impairment among the children and the geriatric population.

Additionally, improved healthcare infrastructure and technological advancements in the digital vision screeners devices will aid the growth in the market. Moreover, the presence of leading companies and innovation in portable vision screeners for the patients in home care setting in the U.K. is expected to favour the growth in the market.

Why is India Considered the Most Lucrative Vision Screeners Market?

Favourable Government Initiatives to Boost Vision Screeners Sales in India

India is expected to witness fastest growth in the global vision screeners market, as per FMI. The demand for vision screeners in India is expected to surge on the back of increasing government initiatives and funding in order to curb the prevalence of vision impairment.

Rapid technological advancements and improving healthcare infrastructure are other factors expected to vanguard the sales of vision screeners in India. Besides this, increasing number of ophthalmic eye care centers and multispecialty clinics are supporting the growth of the market in India.

According to the survey of the National Blindness & Visual Impairment, over 13.7% of people in India are visually impaired or facing eye related disorders. Hence, in order to curb this national burden, the government in collaboration with World Health Organization has launched several initiatives.

On the back of such factors, India is expected to be the most lucrative pocket for vision screeners market players.

How Big is the Opportunity for Vision Screeners Market in the U.S.?

The U.S. vision screeners market is expected to hold largest share over the forecast period. North America and Europe are expected to collectively hold over 60% of global sales in vision screeners market.

Growing prevalence of vision impairment, improved healthcare infrastructure, and cost-effective prices of vision screeners devices and treatment are some of the factors supporting the growth in the U.S. vision screeners market.

With the presence of leading companies in the U.S, coupled with increasing development and innovation of vision screeners devices, demand in the U.S. is expected to propel. For instance, Plusoptix Inc. launched a vision screening device named PlusoptiX S16 series, which is specially developed for use in paediatric clinics.

Likewise, in 2018, Hill-Rom Holdings, Inc. announced new enhancements to its Welch Allyn Spot Vision Screener. Hence, a slew of such developments is expected to improve the growth in the U.S vision screener market.

Category-wise Insights

Why are Portable/Handheld Screening Devices Gaining Traction?

Portable/Handheld Screening Devices Outpaces Table-Top Vision Screeners

In terms of product, FMI estimates portable/handheld screening devices to account for over 50% of global sales through 2029. Demand for these devices is expected to surge on the back of rapid technological developments in the healthcare sector.

The advent of cutting edge technologies such as artificial intelligence (AI) and internet of things (IoT) in these devices is creating immense demand in the market. Key players are carrying out research activities to develop innovative and effective portable/handheld screening devices.

While portable/handheld screening devices account for 5 out of 10 vision screeners sales, the table-top variants are expected to witness robust growth in the upcoming decade. Advancements in technology and cost-effectiveness of these devices will propel the growth in the segment.

Which is the Chief Application in Vision Screeners Market?

Over 35.1% of Vision Screeners Sales to be Contributed by Vision Screening Tests

As per Future Market Insights, vision screening tests segment is expected to dominate the global market through 2022 and beyond. Growing prevalence of vision impairment and eye related disorders is burgeoning the need for vision screening tests.

In addition to this, governments and private healthcare organizations in emerging economies are organizing free vision screening tests to curb the burden of blindness and vision impairment.

Subsequently, increasing number of ophthalmic eye centers and multispecialty clinics worldwide are expected to aid the adoption of vision screening tests on the back growing prevalence of eye related disorders.

Competitive Landscape

As per Future Market Insights, the global vision screeners market is expected to be consolidated in nature. Tier-1 companies actively operating in the global market are expected to account for over 55% of global market share.

Some of the leading players are focusing on developing digital vision screeners to capitalize on the surging trend, especially in the U.S. and Germany, to expand their global presence. Meanwhile, other key players are investing extensively in research & development activities for innovation for paediatric vision screeners. For instance:

  • In October 2021, GoCheck, creator of GoCheck Kids, a digital vision screening platform announced an investment of nearly US$ 10 million, in collaboration with Hatteras Venture Partners and led by Pisgah Fund to protect children from vision impairment and blindness.
  • In August 2021, NWHHS announced the purchase in order to detect hearing and vision impairment in young children and babies, along with the support of Maternal Youth Health with a spot vision screener to help young children with vision screening.

Scope of Report

Attribute

Details

Forecast Period

2022-2029

Historical Data Available for

2016-2021

Market Analysis

US$ Mn for Value

Key Regions Covered

North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and MEA

Key Countries Covered

United States, Canada, Brazil, Mexico, Germany, UK, France, Italy, Spain, Nordic, Russia, Poland, China, India, Thailand, Indonesia, Australia and New Zealand, Japan, GCC countries, North Africa, South Africa, others.

Key Market Segments Covered

Product, Technology, Application, End User, and Region

Key Companies Profiled

Pricing                         

Available upon Request

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Vision Screeners Market by Category

Product:

  • Table-Top Vision Screeners
  • Portable/Handheld Vision Screeners
  • Vision Screening Software

Technology:

  • Digital Vision Screeners
  • Computer-Based Vision Screeners

Application:

  • Vision Screening Tests
  • Color Vision Test
  • Binocular Testing
  • Others

End Users:

  • Hospitals
  • Homecare Settings
  • Specialized Clinics
  • Rehabilitation Centers
  • Ambulatory Surgical Centers

Region:                    

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific excluding Japan (APEJ)
  • Middle East & Africa
  • Japan

Key Questions Answered in the Report

What is the current value of the global vision screeners market?

The global vision screeners market is expected to reach a valuation around US$ 579.2 Mn in 2022.
Increasing prevalence of eye diseases and rapid advancements in technology will propel the sales in vision screeners market.
As per Future Market Insights, the U.S., the U.K., India and China are the top countries driving the demand for vision screeners.
As per FMI, sales of vision screeners’ solution grew at 4.8% CAGR between 2016 and 2021.
In terms of application, the color vision test segment is expected to account for over 21.9% of global sales.

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