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Key Market Drivers
Increase in Prevalence of Eye Diseases
The diseases or a condition that damage eye tissue and other components of the eyes can be categorized as ocular disorders. According to the records presented by ‘International Agency for Prevention of Blindness’ in 2020, it has been analyzed that India, China, Indonesia, Russia, and Brazil have been the top five countries which recorded the highest number of eye diseases. Some of the primary age-related eye diseases which are highly prevalent across the world include macular degeneration, cataract, diabetic retinopathy, and glaucoma. One of the primary causes of ocular ailments is diabetes which is a chronic disease and develops diabetic retinopathy in person’s eyes. The retina is the layer of cells that is sensitive to light and requires a continuous flow of blood, which it obtains through a system of small blood vessels. Elevated levels of blood sugar resulting from diabetes can harm these blood vessels in three primary phases, namely background retinopathy, pre-proliferative retinopathy, and proliferative retinopathy. According to the 2023 BMC Ophthalmology records, on a global scale, the occurrence of diabetic retinopathy in individuals with diabetes is projected to be 27.0%, resulting in 0.4 million cases of vision loss worldwide. Through a comprehensive examination of multiple hospital-centered investigations, it has been noted that the prevalence of diabetic retinopathy in Africa stands at 31.6%, while in Ethiopia, it is approximately 19.48%. Elevated intraocular pressure, significant damage to the eyes, and degradation of proteins and fibers in the lens are additional primary factors that contribute to the onset of cataract and glaucoma in individuals. As per the publication released by Bright Focus Foundation on October 27th, 2022, it has been stated that over three million individuals in the United States are currently residing with glaucoma, with 2.7 million of those are aged above 40 years and are affected by the prevalent type known as open-angle glaucoma. Globally, there are approximately 80 million individuals diagnosed with glaucoma, and it is projected that this figure will rise to exceed 111 million by the year 2040. Blepharoplasty, Cataract surgery, Glaucoma surgeries, Retina surgeries, and LASIK (laser in-situ keratomileusis) are some of the basic eye surgeries which are performed on daily basis to treat patients with various eye problems. Proper optical examination is highly recommended before these surgeries to ensure proper eye safety of patient which is thereby anticipated to register a lucrative growth to Global Ophthalmic Examination Chairs Market in the forecast period.Introduction of New Products
Growth in introduction of new products in the market which are propelling the quality of eye examination chairs will stimulate the worldwide market expansion in upcoming years. The S4OPTIK 2500-CH is an entirely automated examination chair created by S4OPTIK LLC. This is an excellent item for contemporary practice, as it includes features such as automated motorized recline, a user-friendly membrane button, and intelligent rotation/lock. Ezer ERU-2600 Chair is a motorized chair designed for eye care that can be effortlessly controlled using the chair's integrated control panel. The ERU-2600 showcases a lifting mechanism for the seat, backrest, and legs, all of which are powered by extremely silent, electric gear motors that do not require oil.Rise in Awareness Among People About Eye Care
Growing number of optical care campaigns and efforts made by healthcare authorities to develop the awareness of ophthalmic health among people are further anticipated to register an impressive growth to Global Ophthalmic Examination Chairs Market in the forecast period. Sharp Sight Eye Hospitals which is a pioneer in world-class eye care launched an eye health awareness campaign in 2022. The initiative focused on increasing awareness of the significance of clear eyesight and a life without the need for eyeglasses for the elderly population. This campaign further influenced to undergo ophthalmological examination which further grew the demand for eye examination chairs. Moreover, the International Agency for the Prevention of Blindness (IAPB) has launched the 2022 Love Your Eyes campaign urging worldwide organizations and authorities to take additional action in supporting worldwide ocular well-being. The IAPB emphasized that over 1 billion of the most vulnerable individuals globally suffer from impaired vision and lack the means to receive medical care, while 90% of visual impairment can be avoided or remedied. The initiative also placed focus on educating people about healthcare which influenced them to undergo eye examinations. The government of India arranged the Awareness Week for Vision Loss from April 1st, 2023, to April 7th, 2023, to generate consciousness regarding the causes and avoidance of vision loss. The annual event strives to assist individuals with sight impairments and to promote for availability to ocular healthcare facilities. This initiative has further encouraged people to undergo eye care examinations which have propelled the market of ophthalmic examination chairs.Growth in Geriatric Population
Increase in ratio of elderly population and their vulnerability towards certain age-related eye problems such as Presbyopia are also attributed to register a lucrative growth to global ophthalmic examination chairs market in the forecast period. According to the statistics published by Population Reference Bureau, it has been observed that China has the highest ratio of elder people which accounts for approximately 166.37 million people out of total population aged above 65 years followed by 84.9 million people in India aged above 65 years, 52.76 million people aged above 65 years in United States, 35.58 million people above 65 years of age in Japan, and 21.42 million people out of total population in Russian Federation aged above 65 years. Presbyopia typically becomes apparent in the early to mid-40s and continues to worsen until approximately age 65. According to 2021, it has been observed that presbyopia has significantly emerged over recent years in United States, Germany, France, Italy, and Spain across the world. Measurement of eyes’ refractive power is highly essential for obtaining proper corrective lenses which can aid in treatment of the disease. Therefore, such type of test underwent by elderly population to manage their ocular health is further supporting the market growth in forecast period.Key Market Challenges
High Costs of Specialized Equipment
The high costs associated with specialized equipment are acting as a deterrent, decreasing the demand for ophthalmic examination chairs globally. Ophthalmic clinics require a range of specialized equipment to provide comprehensive eye care services, including diagnostic tools, surgical instruments, and examination chairs. However, the investment required to purchase and maintain these specialized devices can be substantial, particularly for smaller clinics or those in resource-limited settings. Ophthalmic examination chairs, in particular, represent a significant expense due to their advanced features, ergonomic design, and integration with other ophthalmic equipment. The high upfront costs, coupled with ongoing expenses for maintenance and repairs, may dissuade healthcare providers from investing in new examination chairs or expanding their clinic's capacity. Consequently, clinics may opt to utilize existing equipment for longer periods or forego upgrades altogether, leading to a decreased demand for ophthalmic examination chairs globally. Addressing the high costs of specialized equipment requires innovative solutions, such as leasing options, group purchasing agreements, or subsidies, to make ophthalmic examination chairs more accessible and affordable for eye care providers worldwide.Compliance with Medical Standards
Compliance with stringent medical standards is contributing to a decrease in the demand for ophthalmic examination chairs globally. Ophthalmic clinics and eye care facilities are subject to strict regulations and standards set forth by governing bodies and healthcare authorities to ensure patient safety and quality of care. These standards encompass various aspects of clinic operations, including equipment specifications, infection control measures, and patient comfort requirements. Ophthalmic examination chairs must adhere to these standards to ensure their suitability for use in clinical settings. However, achieving compliance with medical standards often entails additional costs and resources for manufacturers and healthcare providers, such as rigorous testing, certification processes, and ongoing maintenance to uphold standards over time. As a result, some clinics may opt to invest in lower-cost alternatives or delay equipment upgrades to mitigate compliance-related expenses, leading to a decreased demand for ophthalmic examination chairs globally. Balancing the need for compliance with medical standards while ensuring the affordability and accessibility of ophthalmic equipment is essential to support the delivery of safe and effective eye care services worldwide.Key Market Trends
Expansion of Ophthalmic Clinics
The expansion of ophthalmic clinics globally is driving a significant increase in the demand for ophthalmic examination chairs. Ophthalmic clinics play a vital role in providing comprehensive eye care services, including routine eye exams, diagnostic evaluations, and specialized treatments for various ocular conditions. Ophthalmic examination chairs are essential pieces of equipment used to facilitate patient examinations and procedures, providing stability, comfort, and accessibility for both patients and eye care professionals. As the number of ophthalmic clinics expands to meet the growing demand for eye care services, there is a corresponding need for an adequate supply of examination chairs to accommodate the increasing patient volume. Moreover, advancements in ophthalmic technology and treatments, coupled with an aging population and rising prevalence of eye diseases, are further driving the demand for ophthalmic examination chairs worldwide. Ensuring the availability of high-quality and ergonomic examination chairs is essential to support the efficient and effective delivery of eye care services and to meet the growing demand for ophthalmic care globally.Favorable Reimbursement Scenarios for Ophthalmic Procedures
Favorable reimbursement scenarios for ophthalmic procedures are playing a crucial role in increasing the demand for ophthalmic examination chairs globally. Reimbursement policies and insurance coverage significantly influence healthcare utilization patterns and patient access to medical services. In many countries, reimbursement rates for ophthalmic procedures, such as cataract surgery, retinal examinations, and glaucoma treatments, are favorable, providing financial incentives for healthcare providers to offer these services.Consequently, ophthalmic clinics and eye care practices are expanding their service offerings and investing in advanced equipment, including ophthalmic examination chairs, to meet the growing demand for these procedures. The availability of favorable reimbursement rates encourages healthcare providers to invest in state-of-the-art facilities and equipment, enhancing patient comfort and satisfaction during ophthalmic examinations and procedures. As a result, the demand for high-quality ophthalmic examination chairs is increasing globally, driven by the growing prevalence of eye conditions and the favorable financial environment for ophthalmic services.
Segmental Insights
Technology Insights
Based on the Technology, in the current Global Ophthalmic Examination Chairs Market, electric examination chairs are dominating the landscape with their exceptional features and benefits. These chairs have gained immense popularity due to their remarkable ease of adjustability, providing optimal comfort for both patients and medical practitioners. The integration of modern technology has further enhanced their functionality, allowing for a wide range of motion with minimal effort.With their advanced features and seamless performance, electric chairs have revolutionized ophthalmic examinations and procedures. Eye care facilities worldwide are increasingly adopting these chairs as their preferred choice, as they streamline the entire process and ensure a superior experience for both patients and medical professionals. The precision and efficiency offered by electric examination chairs have undoubtedly elevated the standard of care in the field of ophthalmology.
Section Insights
Based on the Section segment, growing preference for 3-section ophthalmic examination chairs is observed within the global market. These chairs, renowned for their versatility and comfort, are equipped with adjustable headrests, armrests, and leg sections, providing optimal support and flexibility during examinations. Ophthalmologists worldwide favor these chairs due to their ability to enhance patient comfort and facilitate easy access for a wide range of examination procedures. With their superior features and ergonomic design, 3-section chairs continue to dominate the ophthalmic furniture sector, ensuring an exceptional experience for both practitioners and patients alike.Regional Insights
The Asia-Pacific region is currently dominating the Global Ophthalmic Examination Chairs Market. This is primarily due to the increasing prevalence of eye-related diseases, including cataracts, glaucoma, and age-related macular degeneration. Moreover, the region's growing elderly population, particularly in countries like India and China, is more susceptible to vision issues, driving the demand for ophthalmic examination chairs.In addition, the advancements in healthcare infrastructure, including the establishment of specialized eye care centers and clinics, further contribute to the region's dominance. These facilities provide better access to diagnosis and treatment, ensuring timely intervention for patients. Furthermore, the rising economic growth in the Asia-Pacific region has led to higher expenditures in the healthcare sector, facilitating the adoption of advanced ophthalmic equipment and technologies. Overall, the combination of increasing disease prevalence, a growing elderly population, improving healthcare infrastructure, and economic growth has positioned the Asia-Pacific region as a leading player in the Global Ophthalmic Examination Chairs Market.
Report Scope:
In this report, the Global Ophthalmic Examination Chairs Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:Ophthalmic Examination Chairs Market, By Technology:
- Electric
- Mechanical
- Hydraulic
- Pneumatic
- Others
Ophthalmic Examination Chairs Market, By Section:
- 2-section
- 3-section
- 4-section
Ophthalmic Examination Chairs Market, By End User:
- Hospitals
- Ambulatory Surgical Centers
- Specialty Clinics
- Others
Ophthalmic Examination Chairs Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
- Asia-Pacific
- China
- India
- Japan
- Australia
- South Korea
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Ophthalmic Examination Chairs Market.Available Customizations:
Global Ophthalmic Examination Chairs market report with the given market data, the publisher offers customizations according to a company's specific needs.This product will be delivered within 1-3 business days.
Table of Contents
Companies Mentioned
- Topcon Corporation
- Haag-Streit USA
- Takagi Ophthalmic Instruments Europe Limited
- MID Central Medical LLC
- AKRUS GmbH & Co. K.G.
- Bon Optic Vertriebsges.mbH
- BTC SRL
- Lemi MD (Brusaferri & C. srl.)
- Vermund Larsen A/S
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 170 |
Published | February 2024 |
Forecast Period | 2023 - 2029 |
Estimated Market Value ( USD | $ 90.47 Million |
Forecasted Market Value ( USD | $ 132.84 Million |
Compound Annual Growth Rate | 6.5% |
Regions Covered | Global |
No. of Companies Mentioned | 9 |