Availability of Technologically Advanced Products for Vision Screening is expected to drive the Vision Screeners Market

Instant Messaging Apps in Healthcare

The rising prevalence of vision problems, advancements in technology, increasing healthcare spending, and the growing prevalence of diabetes are some of the factors responsible for driving the global vision screeners market. According to the latest research by FMI, the global vision screeners market is estimated to account for around US$ 860.0 Mn by the end of 2028. The vision screeners market is estimated to grow at a CAGR of approximately 6% over the forecast period 2019-2029. However, certain factors, such as the lack of availability of skilled professionals in developing countries and the ineffectiveness of vision screening tests, are expected to hamper the growth of the vision screeners.

Over the past few years, healthcare spending has increased across the world. The healthcare industry accounts for about 10% of the global GDP. Growing affluence in the developing markets and rapidly increasing aging population are expected to boost healthcare spending, which is expected to subsequently boost the vision screeners market. Increasing healthcare spending is expected to boost the demand for the treatment for vision disorders, which is, in turn, expected to create high growth opportunities for players in the vision screeners market over the forecast period.

Furthermore, the rising elderly population that is susceptible to vision problems is expected to fuel the growth of the global vision screeners market. Age brings changes that usually weaken the vision and eyes, thus, the elderly population has a higher risk of developing age-related eye diseases and conditions such as cataract, age-related macular degeneration, diabetic eye disease, low vision, glaucoma, and dry eyes. Age-related Macular Degeneration (AMD) is considered to be a leading cause of loss of vision in people aged over 65 years. There are several eye diseases that lack early warning symptoms, which can be screened using vision screeners before vision loss occurs.

It has been observed that the prevalence of eye diseases is majorly increasing among young children. The excess usage of computer and mobile phones is responsible for the increased chance of eye disorders. Such poor lifestyle habits lead to digital eye strain, which is also known as computer vision syndrome. Across all the age groups in developed regions, engagement with digital devices has drastically increased in the recent years, especially in the field of mobile media. According to a European study, it was reported that around 68% of children regularly use a computer and 54% engage in online activities. The increasing prevalence of eye diseases among young children is boosting the adoption of vision screeners, which is consequently boosting the vision screeners market.

Moreover, the market for vision screeners is growing due to the increasing availability of technologically advanced vision screeners. Advancements in the field of technology have enabled the early diagnosis of eye diseases with the help of vision screeners. There are digital vision screeners and computer-based vision screeners. New and advanced technologies are enabling the diagnosis of various eye diseases among all age groups. This is boosting the demand for vision screeners in the developing and emerging regions, thus fuelling the growth of the vision screeners market worldwide. These are some of the prime factors that are expected to contribute to the growth of the global vision screeners market over the forecast period 2019-2029.

However, lack of skilled professionals is likely to restrain the growth of the global vision screeners market. Untrained individuals do not have the knowledge to competently assess screening results. Emerging countries of the Asia Pacific region do not have the required number of skilled professionals for patient handling and care. Furthermore, vision screening tests cannot be performed on children who have reading problems such as hyperopia or astigmatism. Hence, the ineffectiveness of vision screeners is expected to decrease the number of parents opting for vision screening tests for their children.

The North America vision screeners market and Europe vision screeners market are expected to contribute a combined share of over 60% of the global vision screeners market during the forecast period. This can be primarily attributed to the high adoption of advanced technology and the consolidation of healthcare facilities.

Some of the key players of the vision screeners market are Hill-Rom Holdings, Inc. (Welch Allyn), Essilor International S.A. (Stereo Optical Company Inc.), Adaptica S.r.l., OCULUS Surgical, Inc., Plusoptix Inc., Honeywell International Inc., FIM Medical SAS, SHANGHAI TOP VIEW INDUSTRIAL CO., LTD., Thomson Screening Solutions Ltd., and Keystone View.

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The global vision screeners market has been studied based on the product type, technology, application, end user, and region. Based on the product type, the global vision screeners market has been segmented broadly into table-top vision screeners, portable/handheld vision screeners, and vision screening software. Based on technology, the vision screeners market has been segmented into digital vision screeners and computer-based vision screeners. In terms of revenue, the digital vision screeners segment dominated the global vision screeners market in 2018. Based on the application, the global vision screeners market has been segmented into vision screening tests, color vision tests, binocular testing, and others. Based on the end user, vision screeners market is segmented into hospital outpatient, physician practice (primary care physicians), specialty clinics, ambulatory surgical centers, and educational institutes/schools.