Medical Optometry Market Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)


Wills Eye Hospital, Thomas Jefferson University Hospitals, EuroEyes, Juntendo University Hospital etc., are some of the major key players.

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Medical Optometry Market Value and CAGR

The Medical Optometry Market refers to the segment of healthcare focused on eye and vision care, specifically involving the diagnosis, treatment, and management of various ocular conditions and diseases. Medical optometry combines the principles of optometry and ophthalmology to provide comprehensive eye care services.

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Optometrists are healthcare professionals who specialize in examining the eyes for vision problems, prescribing corrective lenses, and detecting and managing certain eye diseases. They play a crucial role in primary eye care, performing eye examinations and providing vision correction through glasses or contact lenses.

The medical optometry market encompasses a range of services and products, including comprehensive eye exams, diagnostic tests, vision therapy, specialized contact lenses, low vision aids, and prescription medications for eye diseases. With advancements in technology and treatment options, medical optometrists can offer more advanced and specialized care to patients.

The market for medical optometry has been growing due to several elements, including an aging population, increased prevalence of eye diseases, and rising awareness about the importance of eye health. Additionally, advancements in diagnostic tools, treatment modalities, and surgical techniques have expanded the scope of medical optometry, leading to increased demand for these services.

 

Medical Optometry Market Growth Drivers and Risks

Some of the key drivers include:

  • Aging Population: As global residents continue to age, there is an increased prevalence of age-related eye conditions and disorders such as cataracts, glaucoma, and macular degeneration. This demographic trend drives the demand for medical optometry services, including diagnosis, treatment, and management of these conditions.
  • Increasing Eye Disorders: The prevalence of various eye disorders and conditions, such as myopia, hyperopia, astigmatism, and dry eye syndrome, is on the rise globally. This can be attributed to factors like changing lifestyles, prolonged screen time, and environmental factors. The need for vision correction and management of these disorders fuels the growth of the medical optometry market.

There are also certain risks and challenges that need to be considered:

  • Regulatory and Reimbursement Challenges: Regulations and reimbursement policies vary across different regions and healthcare systems. Adapting to regulatory requirements and ensuring proper reimbursement for medical optometry services can be a challenge for healthcare providers and may impact market growth.
  • Shortage of Healthcare Professionals: There is a shortage of qualified optometrists and ophthalmologists in some regions, leading to limited accessibility to medical optometry services. Addressing this shortage and ensuring an adequate healthcare workforce is essential to meet the growing demand.

 

Medical Optometry Market Keyplayers

By Company

  • Bascom Palmer Eye Institute
  • Wills Eye Hospital
  • Thomas Jefferson University Hospitals
  • EuroEyes
  • Juntendo University Hospital

 

Medical Optometry Market Segmentations

Segment by Type

  • Eye Examinations
  • Medical Lens Dispensing
  • Vision Correction

Segment by Application

  • Myopia
  • Farsightedness
  • Astigmatism
  • Others

 

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Published in

Health

Published on

Jul 14, 2023

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