Optometry software market size in Europe to grow at a CAGR of 6.68% by 2027; Hospitals segment to account for maximum market growth

NEW YORK, Feb. 21, 2023 /PRNewswire/ — The Optometry Software Market in Europe by End-user, and Type – Forecast and Analysis 2023-2027 report has been published by Technavio. Market size is forecast to grow by USD 291.95 million between 2022 and 2027 at a CAGR of 6.68%. The report includes historic market data from 2017 to 2021. In 2017, the market was valued at USD 631.12 million. The report provides a comprehensive analysis of growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market. Know about the scope of the report Download A PDF Report Sample

Regional Analysis

By end-users, the optometry software market in Europe is segmented into hospitals, nursing homes, and others. The hospitals segment was valued at USD 395.33 million in 2017 and continued to grow by 2021. The segment is driven by the growing adoption of EHR systems in hospitals. Get detailed insights into the growth contribution of all business segments. Buy the report

Company Profiles

The optometry software market report includes information on the key products and recent developments of leading vendors, including:

• DoctorConnect – The company offers optometry software namely, DoctorConnect.

• DrChrono Inc. – The company offers optometry software namely, DrChrono RCM.

• Evolutio Care Innovations Ltd. – The company offers optometry software namely, Evonnect Optometry.

• First Insight Corp. – The company offers optometry software namely, MaximEyes.com.

Market Dynamics

The market is driven by factors such as the growing ophthalmology market, the increasing prevalence of eye disorders, and the benefits associated with optometry software. However, complexities associated with integration are hindering the market growth.

Competitive Analysis

The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, and growth in market share among others. Get highlights on the market study, Request a Sample

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Market Segmentation

• By end-user, the market is segmented into hospitals, nursing homes, and others. The hospitals segment accounted for the largest share of the market in 2022.

• By type, the market is segmented into cloud-based and web-based. The cloud-based segment held the largest share of the market in 2022.

Related Reports:

• The optometry software market in North America is estimated to grow/decline at a CAGR of 6.5% between 2022 and 2027. The size of the market is forecast to increase by USD 526.96 million. The increasing prevalence of ophthalmic diseases is notably driving the market growth, although factors such as the rising medical data privacy concerns may impede the market growth.

• The cerebral and tissue oximetry devices market is estimated to grow at a CAGR of 6.77% between 2022 and 2027. The size of the market is forecast to increase by USD 73.7 million. The growing use of cerebral and tissue oximetry devices in cardiac surgical procedures is notably driving the market growth, although factors such as the high cost of cerebral and tissue oximetry devices may impede the market growth.

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What are the key data covered in this optometry software market report?

• CAGR of the market during the forecast period.

• Detailed information on factors that will drive the growth of the market between 2023 and 2027

• Precise estimation of the size of the optometry software market and its contribution to the parent market.

• Accurate predictions about upcoming trends and changes in consumer behavior.

• Growth of the market across Europe.

• A thorough analysis of the market’s competitive landscape and detailed information about vendors.

• Comprehensive analysis of factors that will challenge the growth of optometry software market vendors.

Table of contents:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by End-user

7 Market Segmentation by Type

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Website: www.technavio.com/

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SOURCE Technavio