According to a new market research report published by sheer analytics and insights, “The Global Synoptophore Market was $220.3 Mn in 2021, and it is expected to reach $350.2 Mn by 2030. It is eventually growing at a commendable high compound annual growth rate CAGR of 4.7% between 2021-2031, as per the latest market research report titled Global Synoptophore Market – industry analysis, size, share, growth, trends, and forecast, 2020-2030.
As per the report, the growing awareness for the early diagnosis to avoid the surgery drive the Synoptophore market growth in the forecast period. Apart from that, the rising prevalence risk of strabismus and amblyopia is propelling the market growth. Furthermore, risk factors causing amblyopia include premature birth, cataract, strabismus, ptosis, uncorrected refractive errors, hereditary factors, and traumatic head injury. Moreover, the lack of portability, high cost, and the difficulty in setting up the pediatric patient are the prime factors that drive the Synoptophore market growth.
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However, the current pandemic of the COVID-19 makes some changes in the growth of the Synoptophore market. As the number of people visiting in the hospitals reduce in that situation. Only emergency and OPD services are available for the people. Hence, according to the experts, the growth rate graph of the Synoptophore market will take its actual position after this pandemic. Apart from that, the rising Synoptophore diagnosis center across the world offers major opportunities for significant growth in the forecast period of 2020-2030.
Geographically, The Synoptophore Market is divided into global regions like North America, Europe, Asia- Pacific, Latin America, Middle East, and Africa.
Some key players of the Synoptophore market, profiled in the report include 6 6 Vision-Tech Co., Ltd., Gem Optical Instruments Industries, Shanghai link instrument co. Ltd., Prkamya Visions, Haag-Streit group, OCULUS Optikgeräte GmbH, Takagi Seiko Co., Ltd., Appasamy Associates, Nanjing Redsun Optical Co., Ltd., and Takagi Seiko Co. Ltd among others.
The Global Synoptophore Market Has Been Segmented into:
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America, Middle East & Africa
- South Africa
- Rest of LAMEA
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