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The synoptophore market share is expected to increase by USD 62.28 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.09%. This synoptophore market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The synoptophore market report also offers information on several market vendors, including 66 Vision Tech Co. Ltd., Appasamy Associates, Dahlgren India, Gem Optical Instruments Industries, Haag-Streit AG, Nanjing Redsun Optical Co. Ltd., Om Tao Scientific Apparatus, Prkamya Visions, Rumax International Inc., and UNITECH VISION among others. Furthermore, this report extensively covers synoptophore market segmentation by application (diagnostic and therapeutic) and geography (North America, Asia, Europe, and ROW).
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The increasing incidences of visual acuity disorders is notably driving the synoptophore market growth, although factors such as the high cost of synoptophore devices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the synoptophore industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Synoptophore Market Driver
The increasing incidences of visual acuity disorders, such as amblyopia, diplopia, and strabismus, are supporting the synoptophore market growth. According to the American Academy of Ophthalmology (AAO), around 1%-5% of the total population in the US are living with amblyopia. For instance, there are numerous risk factors causing amblyopia that includes strabismus, untimely birth, uncorrected refractive errors, cataract, traumatic head injury, and inherited elements. Additionally, rising awareness regarding non-invasive techniques is also practiced. Thus, increasing incidences of visual acuity disorders are expected to drive market growth during the forecast period.
Key Synoptophore Market Trend
The growing awareness about early diagnosis of amblyopia and strabismus is another factor supporting the synoptophore market growth. Amblyopia also called ?lazy eye? is an avoidable cause of visual loss in children, which can turn permanent unless it is detected and treated early. It can be caused by refractive errors, strabismus, and cataracts. Amblyopia from strabismus occurs when normal vision does not develop during childhood as the eyes are not aligned. Early diagnosis of amblyopia and strabismus is vital in the prevention of vision loss, which occurs as a result of amblyopia. Hence, the rising awareness among people about early diagnosis of amblyopia and strabismus is expected to boost the growth of the market in focus during the forecast period.
Key Synoptophore Market Challenge
The high cost of synoptophore devices is hindering the synoptophore market growth. Along with the lack of portability, the high cost of the synoptophore devices is a major factor impeding the growth of the global synoptophore market, especially in developing countries. It is generally used in diagnostic ophthalmic equipment for visual examination and treatment. Conventional synoptophore devices exhibit disadvantages such as cumbersome manual operation, single function, and lack of interactivity. Moreover, they cannot support automated testing processes. As the device is mostly unaffordable by most of the end-users, which can lead to limiting the market growth during the forecast period.
This synoptophore market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the synoptophore market as a part of the global healthcare equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the synoptophore market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the synoptophore market encompasses successful business strategies deployed by the key vendors. The synoptophore market is fragmented and the vendors are deploying growth strategies such as new product innovations, product expansions, joint ventures, partnerships, collaborations, R&D, and mergers and acquisitions (M&A) to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The synoptophore market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the synoptophore market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the healthcare equipment market includes the following core components:
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
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38% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for the synoptophore market in North America. Market growth in this region will be faster than the growth of the market in ROW.
The increasing prevalence of visual acuity disorders, such as amblyopia and strabismus, and the rising inclination toward non-surgical treatment procedures will facilitate the synoptophore market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 adversely affected all countries in North America, especially the US. It negatively impacted the synoptophore market in the region as well. A rise in the number of COVID-19 cases in 2020 led to the imposition of partial lockdowns in several countries, including Canada and Mexico. However, by the beginning of 2021, lockdown-related restrictions in various countries were relaxed to some extent due to the initiation of vaccination drives in the region, which allowed the movement of people and thus led to an increase in the number of people visiting diagnostic centers, and hospitals. Thus, the resumption of healthcare equipment manufacturing operations will drive the demand for synoptophores in North America, and the market is expected to register an accelerating growth momentum during the forecast period.
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The synoptophore market share growth by the diagnostic segment will be significant during the forecast period. Synoptophore is usually used in the ocular muscular imbalance diagnosis through sensory, motor fusion, simultaneous perception, and stereopsis tests. Moreover, most visual diagnostic services were put on hold during the COVID-19. However, since the latter half of 2020, most eye clinics and hospitals have resumed operations across the globe. The demand for dental procedures is expected to increase in the region, which, in turn, is expected to drive the demand for diagnostics from private and public dental clinics, as well as hospitals, during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the synoptophore market size and actionable market insights on post COVID-19 impact on each segment.
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Synoptophore Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.09% |
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Market growth 2022-2026 |
$ 62.28 million |
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Market structure |
Fragmented |
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YoY growth (%) |
3.52 |
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Regional analysis |
North America, Asia, Europe, and ROW |
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Performing market contribution |
North America at 38% |
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Key consumer countries |
US, Canada, China, India, and Germany |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
66 Vision Tech Co. Ltd., Appasamy Associates, Dahlgren India, Gem Optical Instruments Industries, Haag-Streit AG, Nanjing Redsun Optical Co. Ltd., Om Tao Scientific Apparatus, Prkamya Visions, Rumax International Inc., and UNITECH VISION |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
***1. Executive Summary
**1.1 Market Overview
*Exhibit 01: Key Finding 1
*Exhibit 02: Key Finding 2
*Exhibit 03: Key Finding 3
*Exhibit 04: Key Finding 5
*Exhibit 05: Key Finding 6
*Exhibit 06: Key Finding 7
*Exhibit 07: Key Finding 8
***2. Market Landscape
**2.1 Market ecosystem
*2.1.1 Parent Market
*Exhibit 08: Parent market
*Exhibit 09: Market characteristics
**2.2 Value Chain Analysis
*Exhibit 10: Value Chain Analysis: Healthcare equipment
*2.2.1 Research and development
*2.2.2 Inputs
*2.2.3 Operations
*2.2.4 Distribution
*2.2.5 Marketing and sales
*2.2.6 Post-sales and services
*2.2.7 Industry innovations
***3. Market Sizing
**3.1 Market definition
*Exhibit 11: Offerings of vendors included in the market definition
**3.2 Market segment analysis
*Exhibit 12: Market segments
**3.3 Market size 2021
**3.4 Market outlook: Forecast for 2021 - 2026
*Exhibit 13: Global - Market size and forecast 2021 - 2026 ($ million)
*Exhibit 14: Global market: Year-over-year growth 2021 - 2026 (%)
***4. Five Forces Analysis
**4.1 Five Forces Summary
*Exhibit 15: Five forces analysis 2021 - 2026
**4.2 Bargaining power of buyers
*Exhibit 16: Bargaining power of the buyer
**4.3 Bargaining power of suppliers
*Exhibit 17: Bargaining power of the supplier
**4.4 Threat of new entrants
*Exhibit 18: Threat of new entrants
**4.5 Threat of substitutes
*Exhibit 19: Threat of substitutes
**4.6 Threat of rivalry
*Exhibit 20: Threat of rivalry
**4.7 Market condition
*Exhibit 21: Market condition - Five forces 2021
***5. Market Segmentation by Application
**5.1 Market segments
*Exhibit 22: Application Market share 2021 - 2026 (%)
**5.2 Comparison by Application
*Exhibit 23: Comparison by Application
**5.3 Diagnostic - Market size and forecast 2021-2026
*Exhibit 24: Diagnostic - Market size and forecast 2021-2026 ($ million)
*Exhibit 25: Diagnostic - Year-over-year growth 2021-2026 (%)
**5.4 Therapeutic - Market size and forecast 2021-2026
*Exhibit 26: Therapeutic- Market size and forecast 2021-2026 ($ million)
*Exhibit 27: Therapeutic- Year-over-year growth 2021-2026 (%)
**5.5 Market opportunity by Application
*Exhibit 28: Market opportunity by Application
***6. Customer landscape
*Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
**6.1 Overview
*Exhibit 29: Customer landscape
***7. Geographic Landscape
**7.1 Geographic segmentation
*Exhibit 30: Market share by geography 2021-2026 (%)
**7.2 Geographic comparison
*Exhibit 31: Geographic comparison
**7.3 North America - Market size and forecast 2021-2026
*Exhibit 32: North America - Market size and forecast 2021-2026($ million)
*Exhibit 33: North America - Year-over-year growth 2021-2026 (%)
**7.4 Asia- Market size and forecast 2021-2026
*Exhibit 34: Asia - Market size and forecast 2021-2026 ($ million)
*Exhibit 35: Asia - Year-over-year growth 2021-2026(%)
**7.5 Europe- Market size and forecast 2021-2026
*Exhibit 36: Europe - Market size and forecast 2021-2026 ($ million)
*Exhibit 37: Europe- Year-over-year growth 2021-2026 (%)
**7.6 ROW - Market size and forecast 2021-2026
*Exhibit 38: ROW - Market size and forecast 2021-2026 ($ million)
*Exhibit 39: ROW - Year-over-year growth 2021-2026 (%)
**7.7 Key leading countries
*Exhibit 40: Key leading countries
**7.8 Market opportunity by geography
*Exhibit 41: Market opportunity by geography ($ million)
***8. Drivers, Challenges, and Trends
**8.1 Market drivers
*8.1.1 Increasing incidences of visual acuity disorders
*8.1.2 Increasing technological advancement
*8.1.3 Rising demand for non-invasive procedures
**8.2 Market challenges
*8.2.1 High cost of synoptophore devices
*8.2.2 Access to alternative treatments
*8.2.3 Huge maintenance cost
*Exhibit 42: Impact of drivers and challenges
**8.3 Market trends
*8.3.1 Growing awareness about early diagnosis of amblyopia and strabismus
*8.3.2 Increasing strategic collaborations and M&A
*8.3.3 Convergence insufficiency ailments
***9. Vendor Landscape
**9.1 Overview
*Exhibit 43: Vendor landscape
**9.2 Landscape disruption
*Exhibit 44: Landscape disruption
*Exhibit 45: Industry Risk
**9.3 Competitive Scenario
***10. Vendor Analysis
**10.1 Vendors covered
*Exhibit 46: Vendors covered
**10.2 Market positioning of vendors
*Exhibit 47: ?Market positioning of vendors?
**10.3 Vision Tech Co. Ltd.
*Exhibit 48: 66 Vision Tech Co. Ltd. - Overview
*Exhibit 49: 66 Vision Tech Co. Ltd. - Product and service
*Exhibit 50: 66 Vision Tech Co. Ltd. – Key news
*Exhibit 51: 66 Vision Tech Co. Ltd. - Key offerings
**10.4 Appasamy Associates
*Exhibit 52: Appasamy Associates - Overview
*Exhibit 53: Appasamy Associates - Product and service
*Exhibit 54: Appasamy Associates - Key offerings
**10.5 Dahlgren India
*Exhibit 55: Dahlgren India - Overview
*Exhibit 56: Dahlgren India - Product and service
*Exhibit 57: Dahlgren India - Key offerings
**10.6 Gem Optical Instruments Industries
*Exhibit 58: Gem Optical Instruments Industries - Overview
*Exhibit 59: Gem Optical Instruments Industries - Product and service
*Exhibit 60: Gem Optical Instruments Industries - Key offerings
**10.7 Haag-Streit AG
*Exhibit 61: Haag-Streit AG - Overview
*Exhibit 62: Haag-Streit AG - Product and service
*Exhibit 63: Haag-Streit AG - Key offerings
**10.8 Nanjing Redsun Optical Co. Ltd.
*Exhibit 64: Nanjing Redsun Optical Co. Ltd. - Overview
*Exhibit 65: Nanjing Redsun Optical Co. Ltd. - Product and service
*Exhibit 66: Nanjing Redsun Optical Co. Ltd. - Key offerings
**10.9 Om Tao Scientific Apparatus
*Exhibit 67: Om Tao Scientific Apparatus - Overview
*Exhibit 68: Om Tao Scientific Apparatus - Product and service
*Exhibit 69: Om Tao Scientific Apparatus - Key offerings
**10.10 Prkamya Visions
*Exhibit 70: Prkamya Visions - Overview
*Exhibit 71: Prkamya Visions - Product and service
*Exhibit 72: Prkamya Visions - Key offerings
**10.11 Rumax International Inc.
*Exhibit 73: Rumax International Inc. - Overview
*Exhibit 74: Rumax International Inc. - Product and service
*Exhibit 75: Rumax International Inc. - Key offerings
**10.12 UNITECH VISION
*Exhibit 76: UNITECH VISION - Overview
*Exhibit 77: UNITECH VISION - Product and service
*Exhibit 78: UNITECH VISION - Key offerings
***11. Appendix
**11.1 Scope of the report
*11.1.1 ????Market definition
*11.1.2 ????Objectives
*11.1.3 ????Notes and caveats
**11.2 Currency conversion rates for US$
*Exhibit 79: ?Currency conversion rates for US$?
**11.3 Research Methodology
*Exhibit 80: ?Research Methodology
*Exhibit 81: ??Validation techniques employed for market sizing?
*Exhibit 82: ??Information sources
**11.4 List of abbreviations
*Exhibit 83: List of abbreviations
&a
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