SPOT VISION SCREENER MARKET ANALYSIS

Spot Vision Screener Market, by Indication Type (Myopia, Hyperopia, Astigmatism, Anisometropia, Strabismus, and Anisocoria), By End User (Hospitals, Speciality Centers, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

Press Release : Spot Vision Screener Market

Request Sample Download PDF

Increasing importance and awareness about vision screening in the society through various eye test programs conducted at schools, colleges, organizations, and charity hospitals expected to drive growth of global spot vision screener market. The demand for vision screening is rising due to such eye testing programs, which is expected to drive growth of the global spot vision screener market. For instance, in 2019, the U.S.-based non profit organization Smiths Grove Lions Club conducted vision screening program for student eye testing at North Warren Elementary School based in the U.S.

Similarly, the foundation of new organizations such as Lions KidSight USA (founded -2014), the U.S. based community that helps in eye screening of children. This organization works in partnership with Plusoptix Inc., a vision screener manufacturer, for providing its services of eye screening for students. The development of such organization, which aims to diagnose eye problems in students is expected to drive demand for spot vision screeners.

Furthermore, governments focusing on development of spot vision screener technology is also expected to increase demand for advanced technology devices for eye screening. For instance, in 2015, the American Academy of Ophthalmology and the American Academy of Optometry updated their vision screening policy statements to include a recommendation to use photoscreening for children aged 1 to 3 years.

Global Spot Vision Screener Market - Impact of Coronavirus (COVID-19) Pandemic

The spread of the novel coronavirus has hampered growth of the healthcare industry. In December 2019, in China’s Wuhan City, a cluster of pneumonia cases were reported by Chinese health authorities. The pneumonia causative agent was identified as a novel coronavirus named COVID-19. This virus spread rapidly across the globe, thus causing a concerning number of fatalities. In March, 2020, the World Health Organization (WHO) declared the COVID-19 as a global pandemic and suggested implementation of strict measures to minimize the spread of this disease. The pandemic has slowed down growth of the healthcare sector and has led to a disturbance in the supply chain.

Moreover, governments across various countries have implemented nationwide lockdowns to curb the spread of COVID-19. Similarly, in various countries across the world, healthcare companies are facing problems of continuing its supply chain operations. The slowdown of the healthcare companies’ supply chain has also impacted growth of the global spot vision screener market.

The global spot vision screener market is estimated to be valued at US$ 193.9 million in 2020 and is expected to exhibit a CAGR of 5.2% during the forecast period (2020-2027).

Fig.1.Global Spot Vision Screener Market Share (%) Analysis, By Indication Type, 2020

Global Spot Vision Screener Market- Restraints

The global spot vision screener mark et growth is expected to be hampered by the high cost of devices. The spot vision screener devices are not easily affordable for healthcare providers, which negatively impacts the global spot vision screener market growth.

Furthermore, poor accessibility to eye care services in low and middle income countries and the restriction of existing treatment modalities to primary care practitioners are some of the reasons contributing to lack of availability of spot vision screener in this regions. According to the University of Calabar, Nigeria, the main barriers to eye care in the country include high cost of diagnosis and treatment, lack of trained professionals, and low awareness among the population regarding eye care.

Global Spot Vision Screener Market: Opportunities

The adoption of partnership development with schools create significant growth opportunity for key manufacturers across the globe. The U.S. market has trends of partnership with eye care community and schools that help companies to create customer base in the long run. Similarly, manufacturers can focus on same strategy in different geographies or emerging economies such as China, India, and other Asian and African countries.

Global Spot Vision Screener Market – Regional Analysis

On the basis of region, the global spot vision screener market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.

North America is expected to witness significant growth in the global spot vision screener market, owing to increasing adoption of vision screening for eye diseases in this region. For instance, according to the Centers for Disease Control and Prevention (CDC) estimated data of 2019, less than 15% of all preschool children receive an eye exam and less than 22% of preschool children receive some type of vision screening in the U.S. According to the American Optometric Association, 80% of a child’s learning is visual, hence, detection of vision problems is considered important.

Europe is also expected to witness potential growth in the global spot vision screener market, owing to rising geriatric population, and the increasing usage of computers and mobile screens are major factors driving growth of the Europe spot vision screener market. According to a 2018 study published by the National Center for Biotechnology Information (NCBI), in Europe, by 3 years of age, 68% of children regularly use a computer and 54% undertake online activities. As per the same source, in 2016, it was estimated that the adults in the U.K. spend around 4 hours 45 min per day using digital media.

Fig.2. Global Spot Vision Screener Market Value (US$ Mn) & Y-o-Y Growth (%), 2017- 2027

Global Spot Vision Screener Market- Competitive Landscape

Key players operating in the global spot vision screener market include Hillrom, Essilor International S.A., OCULUS Surgical, Inc., FIM Medical, Adaptica S.r.l., Honeywell International Inc., and Plusoptix Inc.

About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions.

What we provide:

  • Customized Market Research Services
  • Industry Analysis Services
  • Business Consulting Services
  • Market Intelligence Services
  • Long term Engagement Model
  • Country Specific Analysis

Contact Us:

Mr. Shah

Coherent Market Insights Pvt. Ltd.

Address: 1001 4th ave, #3200 Seattle, WA 98154, U.S.

Phone: +1-206-701-6702

Email: sales@coherentmarketinsights.com