Vision Screeners Market CAGR Projected to Grow at 6% through 2029

(Markitwired via Comtex)

VALLEYCOTTAGE, N.Y. - Global vision screener sales are likely to near US$ 500 Mn by theend of 2019. According to a new research intelligence study presented by FutureMarket Insights (FMI), the market for vision screeners will continue to witnessan average 5.5% Y-o-Y growth in the revenues in 2019 and ahead. As reported bythe study, more than a third of overall sales of vision screeners is targetedto a variety of vision screening tests, followed by color vision tests.

While portable or handheld vision screening devices have beensought after over the years, it is more likely that the vision screeningsoftware will experience rapid gains in coming years, as a result of brisktechnological penetration. Moreover, as key manufacturers are investingconsiderable efforts in technological innovations of vision screeners,table-top variants are also likely to see healthy sales growth in the nearfuture. Currently, more than 50% of the total sales are accounted by portableor handheld devices that are used during vision screening procedures, as perthe report.

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The rising prevalence of vision problems, advancements intechnology, increasing healthcare spending, and the growing prevalence ofdiabetes constitute some of the key factors responsible for driving theglobal visionscreeners market revenues. In addition to some of the most commonplace visiondisorders, newly establishing problems such as digital eye strain (morepopularly, computer vision syndrome) are strongly necessitating the demand forefficient vision screening tests, particularly among the younger population.This, according to FMI's analysis, will drive sales of vision screeners in theforthcoming years.

Inadequate Effectiveness of VisionScreening Tests Prevails in Developing Asian Markets

Accounting for a collective value share of over 60%, North Americaand Europe will continue to lead the pack in global vision screeners market. Inaddition to early adoption of advanced technologies and high awareness aboutvision problems and the significance of vision screening, the growth of marketin these regions has been prominently attributed to the rapid consolidation ofhealthcare facilities within these regions.

Preview analysis of Vision Screeners Market is segmented by(Product Type – Table-Top Vision Screeners, Portable/Handheld Vision Screeners& Vision Screening Software; Technology – Digital Vision Screeners &Computer-Based Vision Screeners; Application – Vision Screening Tests, ColorVision Test, Binocular Testing & Others; End User – Hospital Outpatient,Physician Practice (Primary Care Physicians), Specialty Clinics, AmbulatorySurgical Centers & Educational Institutes/Schools;) – Global IndustryAnalysis, Size, Share, Growth, Trends and Forecast 2019 – 2029:

On the other hand, dearth of skilled and trained professionals inthe field of vision screening will remain the prime factor restraining visionscreeners adoption across developing Asian countries. Relatively lessercompetency to professionally and accurately assess vision screening resultscontinues to pose significant barriers in the growth path of market within AsiaPacific (APAC).

According to the report, a sizeable number of vision screeningtests cannot be performed on children who have reading problems such ashyperopia or astigmatism. As a result, the ineffectiveness of vision screenerscontinues to negatively influence the number of parents opting for pediatricvision screening tests, which is further a significant factor deterring therevenues of vision screeners market in APAC.

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Pediatric Vision ScreeningEmerging as a Prime Focus Area for Innovations

Some of the key players competing in the global vision screenersmarket landscape include Hill-Rom Holdings, Inc. (Welch Allyn), EssilorInternational S.A. (Stereo Optical Company Inc.), Adaptica S.r.l., OCULUSSurgical, Inc., Plusoptix Inc., Honeywell International Inc., FIM Medical SAS,SHANGHAI TOP VIEW INDUSTRIAL CO., LTD., Thomson Screening Solutions Ltd., andKeystone View. While a majority of these companies are concentrating in technologicalupgrades of the current offerings, augmented investments targeting FDAapprovals will be an important strategy.

Moreover, multiple longstanding challenges prevailing inchildren's vision screening are highly likely to push the scope forinnovations, which would help overcome the challenges and extend the efficiencyof vision screening - specifically for children. The FMI study reveals how thecompanies that are manufacturing, supplying, and distributing vision screenersare strategizing on the growing traction in the pediatric patients segment.

To offer an exclusive outlook of the most influential trends andopportunities shaping the vision screeners industry landscape, the report hasexamined the market for a 10-year projection period, 2019-2029. To know more,write in to the analyst at [email protected]

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