Synoptophore Market Size Worth $293.8 Million By 2027 | CAGR: 4.6%

The global synoptophore market size is predicted to reach USD 293.8 million by 2027 according to a new study 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” gives a detailed insight into current market dynamics and provides analysis on future market growth.

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.

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.

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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.

Polaris Market Research has segmented the synoptophore market report on the basis of product type, application, end use, and region

Global Synoptophore Market, By Product (Revenue - USD Million, 2016 – 2027)

• Manual
• Automated

Global Synoptophore Market, By Application (Revenue - USD Million, 2016 – 2027)

• Diagnostics
• Therapeutics

Global Synoptophore Market, By End-Use (Revenue - USD Million, 2016 – 2027)

• Hospitals
• Clinics
• Others

Global Synoptophore Regional Outlook (Revenue - USD Million, 2016 – 2027)

• North America
  • U.S.
  • Canada
• Europe
  • France
  • Germany
  • UK
  • Italy
  • Spain
  • Netherlands
  • Austria
• Asia Pacific
  • China
  • India
  • Japan
  • Malaysia
  • South Korea
  • Indonesia
• Central & South America
  • Mexico
  • Brazil
  • Argentina
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa