Pushing the Boundaries of Efficiency - Innovation Is the Key
Considerable technological advances have consistently upheld the efficiency of vision screeners, which continue to be influenced by digitalization. The Future Market Insights (FMI) outlook offers an all-inclusive assessment of how the tectonic and technical innovations in ophthalmic diagnostic equipment such as vision screeners have catalysed the shift from computer-based to digital vision screeners, and will further supplement their efficiency to deliver rapid outcome within a minimum timeframe.
Vision Screeners Market - Key Research Findings
The global vision screeners market size in 2018 – More than US$ 470 Mn
The vision screeners market is expected to witness healthy growth through 2029, at an estimated 6% CAGR (2019-2029).
North America and Europe are expected to remain leading regional markets for vison screeners.
The base of a number of vision screener manufacturing companies is concentrated in developed regions.
However, it has also been observed recently that there is a rise in the number of healthcare facilities in the developing regions, which is boosting the growth opportunities for the vision screeners market in these regions.
Asia Pacific holds high growth potential for the vision screeners market.
Rapid expansion of geriatric population and a drastically rising pace of diabetes prevalence are pushing the demand for vision screeners has majorly contributed to the growth of the vision screeners market within the Asia Pacific region, particularly in fast-growing economies such as China and India.
Portable/handheld vision screeners will remain preferred type in the global market.
Portable/handheld vision screeners are handheld vision screening devices that can be easily moved within the facility.
High user-friendly quotient and minimal user training requisites will continue to significantly account for growing popularity of portable/handheld vision screeners.
Top 3 Factors Shaping the Vision Screeners Market
Launch of technologically advanced products is expected to drive the vision screeners market
Manufacturers of vision screeners are consistently refining their product categories, in an effort to upgrade offerings with enhanced capabilities and efficiency that would ultimately result in an improved outcome of vision screening tests. Continuous product innovations help manufacturers increase their customer base worldwide, drive sales, and survive market competition.
For instance, in 2017, Plusoptix Inc. launched a vision screening device named PlusoptiX S16 series, which is specially developed for use in paediatric clinics. In 2018, Hill-Rom Holdings, Inc. announced new enhancements to its Welch Allyn Spot Vision Screener.
Increasing vision screening programs in schools are likely to boost the demand for vision screeners
Vision screening tests in schools provide an opportunity to efficiently screen several visual disorders among children. In some schools, eye screening tests are compulsory for children as they are considered as a part of health maintenance. Most of the states recommend that school children should undergo vision screening tests.
Governments support several pre-school programs, which enable several pre-school children to undergo vision screening tests. These initiatives are expected to help increase the demand for vision screeners as well as drive the overall vision screeners market.
Increasing number of hospitals and clinics is translating into boosted adoption
With rising number of hospitals and multispecialty clinics covering ophthalmology services, it is highly likely that the adoption of a variety of vision screeners will see constant growth in the forthcoming years. While a majority of patient population is attributed to vision problems as a result of aging eye, research underscores that the prevalence of digital eye strain has been increasing at a remarkable pace among teenagers, which is strongly justifying the fostering need for more number of ophthalmology clinics and hospitals.
Vision Screeners Market Structure Analysis
The global vision screeners market represents a consolidated competition landscape. The tier 1 companies actively operating in the vision screeners industry account for over 55% of the total revenue share, globally.
Most of the key players maintain a strategic focus on the North American and European markets, as these regions represent the early technology adopters, characterized by favorable healthcare reimbursement scenarios.
Leading players in the vision screeners market are also concentrating on the rising trend of digital vision screeners. Here, cost-competitiveness is expected to remain a strong differentiation strategy.
In line with the highly profitable trend focusing on the innovations targeting challenges associated with children’s vision screening, a number of companies are considering R&D innovations within the pediatric segment.
The Market Size Set to Enlarge over 1.5X between 2019 and 2029
With a plethora of ophthalmic disorders becoming more pervasive, vision care is an important aspect for every individual to prevent their eyes from common eye disease leading to vision loss. This in turn have led to high adoption of vision screeners as well as vision care products for preventing vision impairment. Innovative product launches following relatively frequent FDA approvals will remain an important cornerstone, reinforcing the growth of vision screening space.
Developing Markets Herald Promising Opportunities
Accounting for more than a third of vision screeners sold globally, the region will indubitably reign supreme over the coming years. Europe also holds a sizeable share in the market revenues, of nearly a fourth of total sales registered by the vision screeners market, as of 2018. With the ubiquity of diabetes reaching new highs, emerging Asian and Oceania countries are developing strong potential for penetration of vision screeners, which target diabetes driven vision related ailments. While these regions are prominently witnessing the thriving prevalence of digital eye strain across a sizeably large population, the increasing number of dedicated eye care centers and availability of technologically advanced vision screeners are complementing the constantly rising demand.
* This data is only a representation. Actual data may vary and will be available in report.
Competition Trends – Paving the Way for Strategic Developments
In line with the evolving demands of vision screening community, stakeholders in the market are maintaining strategic focus on R&D of advanced and innovative vision screening technologies. Development of screening devices that are versatile and convenient will also be among the key strategies considered by leading operators in the vision screeners landscape. In addition to improved product line-ups, stakeholders in the vision screeners space are focusing on the inclusion of pediatric vision screening devices in their offering suites.
Table-top vision screeners emerging highly lucrative, witnessing healthy demand growth.
Portable/handheld vision screeners remain top selling category, accounting for over 55% of overall sales.
Vision screening software continue to see steady gains.
Digital vision screeners account for more than half of the overall sales.
Computer based vision screeners will observe relatively higher CAGR during the second half of assessment period.
How Growth will Unfold
Hospitals and specialty outpatient clinics will remain leading end user segments throughout the projection period. Adoption of vision screeners will particularly soar at educational institutes, specialty clinics, and physician clinics.
Educational Institutes/Schools | Physician Practice | Specialty Clinics
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
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Vision Screeners Market: Global Industry Analysis 2014–2018 and Forecast 2019–2029
A recent market study published by FMI “Vision Screeners Market: Global Industry Analysis 2014–2018 and Forecast 2019–2029” offers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historic as well as current growth parameters of the vision screeners market, the growth prospects of the market are obtained with maximum precision.
Vision Screeners Market Taxonomy
The global vision screeners market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach in front of the reader.
By Product Type
- Table-Top Vision Screeners
- Portable/Handheld Vision Screeners
- Vision Screening Software
- Vision Screening Tests
- Color Vision Test
- Binocular Testing
- Vision Screening Tests
- Color Vision Test
- Binocular Testing
By End User
- Homecare Settings
- Specialized Clinics
- Rehabilitation Centers
- Ambulatory Surgical Centers
- North America
- Latin America
- South Asia
- East Asia
The report commences with the executive summary of the vision screeners market, which includes a summary of the key findings and key statistics of the market. It also includes the market value (US$ million) estimates of the leading segments of the vision screeners market.
Readers can find the detailed taxonomy and the definition of the vision screeners market in this chapter, which will help them understand the basic information about the vision screeners market. This section also highlights the inclusions and exclusions, which helps the reader understand the scope of the vision screeners market report.
This section includes the key inclusions of the report. It key regulatory status: procedure codes, iceberg analysis and Consumer Adoption Process, which could be necessary for the market expansion.
This section explain the global market value analysis and forecast for vision screeners market between the forecast periods of 2013-2027 is highlights in this section. This chapter includes the detailed analysis of the historical vision screeners market along with an opportunity analysis of the future. Readers can also find the absolute opportunity for the current year (2018 – 2019), and an incremental opportunity for the forecast period (2018 – 2019).
This section highlights the average price of Table-Top Vision Screeners and Portable/Handheld Vision Screeners devices in the different regions throughout the globe. The pricing benchmark for manufacturer level pricing and distributor level pricing is analyzed in this section
This chapter explains the key macro-economic factors that are expected to influence the growth of the vision screeners market over the forecast period. Along with macroeconomic factors, this section also highlights the opportunity analysis for the vision screeners market. This chapter also highlights the key market dynamics of the vision screeners market, which include the drivers, restraints and trends. Moreover, readers will understand the key trends followed by the leading manufacturers in the vision screeners market.
Based on product type, the vision screeners market is segmented into Table-Top Vision Screeners, Portable/Handheld Vision Screeners and Vision Screening Software. Readers can find information about the key trends and developments in the vision screeners market and market attractiveness analysis based on the product type.
Based on Technology, the vision screeners market is segmented into Digital Vision Screeners and Computer-Based Vision Screeners. In this chapter, readers can find information about the key trends and developments in the vision screeners market and market attractiveness analysis based on Technology.
Based on Application, the vision screeners market is segmented into Vision Screening Tests, Color Vision Tests, Binocular Testing and others. In this chapter, readers can find information about the key trends and developments in the vision screeners market and market attractiveness analysis based on application.
This chapter provides details about the vision screeners market on the basis of end user, and has been classified into Hospital Outpatient, Physician Practice (Primary Care Physicians), Specialty Clinics, Ambulatory Surgical Centers, Educational Institutes/Schools. In this chapter, readers can understand the market attractive analysis based on end user.
This chapter explains how the vision screeners market will grow across various geographic regions, such as North America, Latin America, Europe, East Asia, South Asia, Oceania, the Middle East & Africa (MEA)
This chapter includes a detailed analysis of the growth of the North America North America, along with a country-wise assessment that includes the U.S. and Canada.
Readers can find detailed information about several factors, such as the pricing analysis, which are impacting the growth of the Latin America. This chapter also includes the growth prospects of the vision screeners market in the leading LATAM countries such as Brazil, Mexico, and the Rest of Latin America.
Important growth prospects of the vision screeners market based on its end users in several countries, such as Germany, the UK, France, Spain, Italy, Russia and the Rest of Europe, are included in this chapter.
India, Indonesia, Thailand, Malaysia are the leading countries in the South Asia region that are the prime subjects of assessment to obtain the growth prospects of the South Asia vision screeners market in this chapter. Readers can find detailed information about the growth parameters of the South Asia vision screeners market during the period 2019–2029.
This chapter highlights the growth of the vision screeners market in the East Asia by focusing on China, Japan and South Korea. This section also helps readers understand the key factors that are responsible for the growth of the vision screeners market in East Asia.
In this chapter, Australia and New Zealand are among the leading countries in the Oceania region, which are the prime subjects of assessment to obtain the growth prospects of the Oceania vision screeners market.
This chapter provides information about how the vision screeners market will grow in the major countries in the MEA region, such as GCC Countries, South Africa, Turkey, Northern Africa and the rest of MEA, during the forecast period 2019 - 2029.
In this chapter, readers can find a detailed information about the tier analysis and market concentration of the key players in the vision screeners market along with their market presence analysis by region and product portfolio.
In this chapter, readers can find a comprehensive list of all the leading stakeholders in the vision screeners market, along with detailed information about each company, which includes the company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Hill-Rom Holdings, Inc. (Welch Allyn), EssilorLuxottica (Stereo Optical Company Inc.), Adaptica S.r.l., Honeywell International Inc., OCULUS Optikgeräte GmbH, Plusoptix Inc., FIM Medical SAS, SHANGHAI TOP VIEW INDUSTRIAL CO., LTD., Thomson Screening Solutions Ltd., Keystone View
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the vision screeners market report.
This chapter helps readers understand the research methodology followed to obtain the various conclusions as well as important qualitative and quantitative information about the vision screeners market.
How the research was conducted?
- C - Level Executives
- Marketing Directors
- Sales Heads
- Portfolio Managers
- Purchasing Managers
- Medical Officers
- Device Development Heads
- Strategy Advisors
- R&D Managers
- Product Manufacturers
- Component Suppliers / OEMs
- Hospital Purchasing Departments
- Physicians / Nursing Managers
- Industry Experts
- Current Market Dynamics and Challenges
- Market Characteristics
- Market Performance and Growth Quadrants
- Competition Structure and Market Structure
- Strategic Growth Initiatives
- Product Adoption, Installed Base, Replacement Cycles, Refurbishment
- Regulatory Landscape
- Products in Pipeline and Clinical Development
- Near-term and Long-term Market Growth Prospects
- Market Segment Splits and Authenticity
- Opinions on Market Projections and Validity of Assumptions
- Industry Magazines
- American Optometric Association
- Prevent Blindness.
- National Association of School Nurses
- American Association for Pediatric Ophthalmology & Strabismus
- Canadian Association of optometrists
- Company Press Releases
- Annual Reports and Investor Presentations
- Peer-reviewed Journals
- Government Websites and Publications
- Trade Websites
- Clinical Trial Registries
- Country-specific Regulatory Authorities
World Bank, WHO, IMF, OECD
Primary Interview Splits