The latest published report by Polaris Market Research. The report “Synoptophore Market Share, Size, Trends, Industry Analysis Report, By Application (Diagnostics and Therapeutics); By Product (Manual and Automated); By End User (Hospitals, Clinics, Others); By Regions; Segment Forecast, 2020 – 2027” the report covers an exhaustive list of market tables and figures, thus providing in-depth analytical data for segments across different regions.
The global synoptophore market was valued at USD 206.1 million in 2019 and is predicted to reach USD 293.8 million by 2027 to grow at a CAGR of 4.6% during the forecast period (2020 – 2027). The synoptophore market is expected to witness substantial growth as the instrument is the primary and major choice in several eye imbalance ailments such as squint and benefits associated with synoptophore over other invasive techniques. For instance, as per the American Association for Pediatric Ophthalmology and Strabismus, approximately 4 percent of the U.S. population is affected by strabismus.
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Rising prevalence of strabismus and squint in young and adult population coupled with rising incidence of stroke in adolescents is predicted to be the primary supporting factors for market growth. Moreover, increasing awareness for non-invasive techniques is predicted to propel the growth of the global market.
Furthermore, the additional benefits of synoptophore in several eye defects which includes cyclophoria and retinal correspondence problem is predicted to provide new growth opportunities over the forecast period. The therapeutic use of the device for eccentric fixation and eye related disorders is further predicted to bring productive market growth opportunities.
The major players in the market which are involved in product launches, acquisitions, and collaboration in order to build their product portfolio are: Shanghai Link Instrument Co. Ltd., Nanjing Redsun Optical Co., Ltd.; 6 6 VISION-TECH CO., LTD.; Haag-Streit group; Appasamy Associates; Prkamya Visions; Takagi Seiko Co., Ltd.; Gem Optical Instruments Industries.
In June 2020, Haag Streit completed the acquisition of Germany-based VRMagic providing simulators for the ophthalmology training. The acquisition is expected to complement Haag Streit training to its eye-care professionals. This will place the company as a major player and would enable to increase its footprint.
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Table of Contents
Synoptophore Market Insights
Synoptophore Market, By Product
Synoptophore Market Assessment by Application
Synoptophore Market Assessment by End-Use
Synoptophore Market Assessment by Geography
- North America (U.S., Canada)
- Europe (France, Germany, UK, Italy, Spain, Netherlands, Austria)
- Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
- Latin America (Brazil, Mexico, Argentina)
- Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
- Haag-Streit group
- Takagi Seiko Co., Ltd.
- Appasamy Associates
- Prkamya Visions
- 66 VISION-TECH CO., LTD
- Shanghai Link Instrument Co. Ltd.
- Nanjing Redsun Optical Co., Ltd.
- Gem Optical Instruments Industries
List of Tables
Table 1 Global Synoptophore Market, By Application, 2016 – 2027 (USD Million)
Table 2 Global Synoptophore Market, By Product, 2016 – 2027 (USD Million)
Table 3 Global Synoptophore Market, By End-Use, 2016 – 2027 (USD Million)
List of Figures
Figure 1. Market Highlights (2019, Revenue)
Figure 2. Integrated Ecosystem
Figure 3. Research Methodology: Top Down & Bottom Up Approach
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