HOME Research Insight Topcon (Japan) and NIDEK (Japan) are the Major Player in the Optometry/Eye Exam Equipment Market

Topcon (Japan) and NIDEK (Japan) are the Major Player in the Optometry/Eye Exam Equipment Market

The global eye exam equipment market is projected to reach USD 3.05 Billion by 2022 from USD 2.29 Billion in 2017, at a CAGR of 6.0% from 2017 to 2022. Rising prevalence of eye diseases, technological advancements in ophthalmic devices, increasing government initiatives to control visual impairment, and increasing healthcare expenditure are the major factors driving the growth of the market. The growing focus of companies on the emerging countries offers significant opportunities for players in this market.

The global eye exam equipment market is consolidated at the top with the presence of a few big players. Carl Zeiss (Germany), Topcon (Japan), and Nidek (Japan) are the major players in this market. These companies mainly focus on the strategies of product launches, upgrades, and approvals; acquisitions, expansions, and partnerships; agreements; and collaborations in order to remain competitive and further increase their share in the market.

Carl Zeiss (Germany) dominated the global eye exam equipment market in 2016. The dominant position of this company can be attributed to its wide range of diagnostic products, which include OCT systems, slit lamps, fundus cameras, wavefront aberrometers, keratometers, tonometers, and lensmeters. The company focuses on product launches for the expansion of its product portfolio. For instance, in October 2017, Carl launched CLARUS 500, a fundus imaging system in its ophthalmic devices product portfolio. The company also adopted inorganic growth strategies such as partnerships, agreements, and collaborations to enhance its presence in the market. Geographically, the APAC region was the highest contributor to the company’s overall revenue in 2016.

Topcon (Japan) is also a major player in the eye exam equipment market. The company has a strong product portfolio in its eye-care business segment which provides imaging and diagnostic eye exam equipment to ophthalmologists and optometrists across the globe. Some important products offered by the company include, retinal cameras, slit lamps, auto refractometers, OCTs, and tonometers. Topcon has a strong presence across the globe through a diversified distribution network. The company focuses on establishing its business in emerging countries. In December 2016, Topcon acquired Mehra Eyetech Private Limited (India) to strengthen sales of its ophthalmic products in the Indian ophthalmology market.

NIDEK (Japan) is also a major player in the eye exam equipment market. The company’s leading position in the eye exam equipment market is attributed to the broad range of eye exam equipment it offers. The company offers slit lamps, optical biometers, OCT scanners, autorefractometers and keratometers, fundus cameras, and various other equipment, to eye care professionals across the globe. The company also has a wide geographic presence across the US, Europe, Asia Pacific, and Africa, among other regions, which enables the company to cater to customers across the globe. Nidek focuses on launching technologically advanced products to maintain its position in the eye exam equipment market. The company has launched 13 new products in past three years to strengthen its product portfolio and increase its presence in the eye exam equipment market.

Related Reports:

Optometry/Eye Exam Equipment Market by Type (OCT, Fundus Cameras, Perimeters, Ophthalmoscope, Ultrasound, Autorefractor, Slit Lamp, Corneal Topography, Lensmeter, Chart Projectors, Wavefront Analyzer), End User (Hospital, Clinic) - Global Forecast to 2022

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