Global Optometry Market Driven by Rising Geriatric Population, According to a New Research Study

The global optometry market is likely to grow at a steady CAGR during the forecast period 2017-2025, according to a new research report added to the repository of Market Research Reports Search Engine (MRRSE). The report is titled “Optometry Market– Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025” and offers valuable qualitative and quantitative insights on the global market.

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According to the report, rising geriatric population is one of the key broad factors which is driving the demand for different optometry products and treatment options. Increase in the prevalence of visual disorders caused to diabetes is also impacting the global optometry market. Another key trend that is influencing the optometry market include rising fashion trend among millennials. These factors are likely to offer growth opportunities for the global optometry market over the forecast period.

The report offers detailed insights on the key factors that are impacting the market, and which will influence growth during the forecast period. This qualitative information is broadly segmented into drivers, restraints, opportunities, and threats. This segment of the report is vital for readers to get a context on how different factors are at play in this market.

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The forecast and analysis on the global optometry market is offered through a detailed region-wise and category-wise segmentation. Segmentation gives readers easy understanding of the fast-growing and the slow-growing categories, besides offering them insights on the regional trends. According to the report, players in the global optometry market are focusing on emerging markets to consolidate their position. The large population in Asia Pacific offers significant growth opportunities to manufacturers, and through tie-ups and mergers & acquisitions the key players are strengthening their position in the market. The leading companies profiled in the report include Novartis AG, Pfizer, Inc., CooperVision, Johnson & Johnson Vision Care, Inc., Allergan, Valeant Pharmaceuticals International, Inc., and Essilor.

According to the report, the strong healthcare infrastructure segment in North America is one of the key factors for the growth of the global optometry market in the region. The growth in North America is led by the U.S., which continues to be a leading market for optometry products and services. The U.S. will continue to be an important market not only in terms of revenue generation, but also in terms of research & development, and innovation. Europe and APEJ represent the other leading markets for optometry products and services.

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