Global Spectacles Market | 2021 Global Healthcare Industry Analysis To 2026, is latest report on Global Spectacles Industry, published by Fortune Business Insights. According to this report Global Spectacles Market to rise at healthy Compound Annual Growth Rate by 2026. Market for Spectacles Industry is segmented By Product Type (Spectacles Frames and Spectacle Lenses), By Modality (Prescription and Over-the-counter) By Distribution Channel (Retail Store, Online Store, Ophthalmic Clinics), and Regional Forecast, 2019-2026
Major Spectacles Manufacturers covered in the market report include:
- Koninklijke Philips N.V.
- Canon Medical Systems Corporation
- GE Healthcare
- Siemens Healthineers AG
- Shimadzu Corporation
- DMS Imaging, ATON GmbH
- Hologic, Inc. and other key market players.
An Overview of the Impact of COVID-19 on this Market:
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Spectacles Market Analysis 2021:
The global Spectacles market size is projected to rise remarkably on account of the increasing number of chronic and acute diseases and the advent of technologically advanced procedures to diagnose them. Spectacles is an imaging scanner intensifier used for intraoperative imaging in surgical, orthopaedic, or emergency diagnostic procedures owing to its radiographic abilities. The increasing number of chronic and acute diseases requiring imaging procedures is a crucial factor propelling the Spectacles market growth.
This, coupled with a rise in the demand for minimally invasive procedures, is also expected to aid in the expansion of the market. Also, the advent of artificial intelligence in radiology for assisting the discovery of genomic markers will boost the market growth in the coming years.
On the contrary, factors such as high cost of Spectacles instruments may pose a significant hindrance to the market in the coming years. Nevertheless, they have a wide variety of applications such as urology, vascular, neurovascular, spinal surgery, and others. The increasing demand for Spectacles imaging system from the applications listed above is likely to create lucrative growth opportunities for the market in the coming years.
The world economy is facing rough waters owing to the current pandemic of COVID-19. Most of the import-export businesses are at a halt owing to this pandemic. However, we hope to pass this phase soon with government support and measures. We, at Fortune Business Insights, are offering analytical reports on various markets affected by COVID-19. These reports will help investors chalk out the strategic plans for revenue generation in the coming years.
Spectaclesmarket is likely to rise at a CAGR of 4.6% and reach USD 2,453.3 million by the end of 2027 from a revenue of USD 1,708.1 million generated in the year 2019. The forecast period is set between 2020 to 2027.
Spectacles Highlights of the Report:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the Supply Chain Analytics market.
- Product Development/Innovation: Detailed insights on the upcoming technologies, RandD activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Supply Chain Analytics market
Competitive And Regional Analysis:
In 2019, North America earned a revenue of USD 837.0 million and held the largest Spectacles market share. A few factors responsible for this dominance are the presence of well-established healthcare infrastructure, a large target population, and high adoption of the latest diagnostic technologies. This, coupled with the increasing prevalence of chronic diseases, will also help this region continue dominating the market in the coming years.
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