Aug 25, 2020 SOURCE: PR NewsWire

Synoptophore Market Size Worth $297.6 Million By 2027 | CAGR: 4.6%: Grand View Research, Inc.

SAN FRANCISCO, Aug. 25, 2020 /PRNewswire/ -- The global synoptophore market size is estimated to reach USD 297.6 million by 2027, expanding at a CAGR of 4.6%, according to a new report by Grand View Research, Inc. The key factors such as increasing prevalence of visual acuity disorders such as amblyopia, strabismus, diplopia, and other convergence insufficiency ailments are expected to drive the market.

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Key suggestions from the report:

    --  The diagnostic segment held the largest market share in the market in
        2019
    --  The therapeutic application segment is expected to grow at the fastest
        rate during the forecast period owing to the factors such as excellent
        visual restoration rate, in the amblyopic eye using synoptophore, and
        rising demand for orthoptic exercise are the factors driving segment
        growth
    --  Automated synoptophore machines are expected to witness the fastest
        growth rate during the forecast period owing to their ability to perform
        visual acuity tests quickly and efficiently adhering to a standard
        protocol with minimal orthoptic intervention
    --  The hospital segment accounted for the largest revenue share in 2019
        because of the factors such as large patient base, high procurement
        capabilities, and availability of skilled orthoptist
    --  The clinics segment is expected to grow at a significant rate over the
        forecast period owing to factors such as shorter wait time, increased
        accessibility, and low cost compared to hospitals is the factor expected
        to contribute towards the growth of the segment
    --  The presence of key market players, rising incidence of strabismus and
        amblyopia, and increasing inclination towards non-surgical treatment
        methods are factors that can be attributed to the growth of the market
        in North America.

Read 130 page research report with ToC on "Synoptophore Market Size, Share & Trends Analysis Report By Application (Diagnostic, Therapeutic), By Type (Manual, Automated), By End-user (Hospitals, Clinics), By Region, And Segment Forecasts, 2020 - 2027" at: https://www.grandviewresearch.com/industry-analysis/synoptophore-market

Increasing the prevalence of risk factors leading to amblyopia and strabismus is expected to drive the demand for synoptophore machines in the extended run. For instance, there are multiple risk factors causing amblyopia that includes strabismus, uncorrected refractive errors, premature birth, cataract, ptosis, traumatic head injury, and hereditary factors.

The growing awareness about the importance of early diagnosis to avoid surgical intervention in the future will increase the utilization rate of synoptophore. Moreover, the increasing inclination towards non-surgical treatment procedures is expected to propel the growth of the market.

The reliability, versatility, and accuracy of synoptophore in performing comprehensive binocular vision assessments in patient with ocular motility disorders have increased its installation rate. However, high cost, lack of portability, and the difficultly in setting up the pediatric patient for diagnosis are the factors restraining the growth of the market.

Grand View Research has segmented the global synoptophore market on the basis of application, type, end-user, and region:

    --  Synoptophore Application Outlook (Revenue, USD Million, 2016 - 2027)
        --  Diagnostic
        --  Therapeutic
    --  Synoptophore Type Outlook (Revenue, USD Million, 2016 - 2027)
        --  Manual
        --  Automated
    --  Synoptophore End-user Outlook (Revenue, USD Million, 2016 - 2027)
        --  Hospitals
        --  Clinics
        --  Others
    --  Synoptophore Regional Outlook (Revenue, USD Million, 2016 - 2027)
        --  North America
            --  The U.S.
            --  Canada
        --  Europe
            --  Germany
            --  The U.K.
            --  France
            --  Italy
            --  Spain
            --  Russia
            --  The Netherland
            --  Switzerland
            --  Turkey
            --  Poland
        --  Asia Pacific
            --  China
            --  Japan
            --  India
            --  Thailand
            --  South Korea
            --  Indonesia
            --  Philippines
            --  Taiwan
            --  Hong Kong
            --  Malaysia
        --  Latin America
            --  Brazil
            --  Mexico
            --  Argentina
            --  Colombia
            --  Chile
        --  Middle East & Africa
            --  South Africa
            --  Saudi Arabia
            --  UAE
            --  Kuwait
            --  Qatar

List of Key Players of Synoptophore Market

    --  Prkamya Visions
    --  6 6 VISION-TECH CO., LTD.
    --  Shanghai link instrument co. ltd.
    --  Nanjing Redsun Optical Co., Ltd.
    --  Gem Optical Instruments Industries.

Find more research reports on Medical Devices Industry, by Grand View Research:

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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