Saliva Collection & Diagnostics Market Outlook: growth, drivers and forecast report by 2032

The reading glasses market share is a global market that is expected to grow from USD 38.9 billion in 2022 to USD 64.1 billion by 2032, at a CAGR of 5.70% during the forecast period. The market is driven by the increasing prevalence of presbyopia, which is a natural age-related condition that makes it difficult to focus on near objects. Other factors driving the market include the rising elderly population, increasing screen time, and growing demand for fashionable reading glasses.

Key Players

MRFR recognizes the following companies as the global Reading Glasses market players.

·         Bausch & Lomb Incorporated.,

·         EssilorLuxottica,

·         Carl Zeiss,

·         Johnson & Johnson Services, Inc.,

·         Hoya Corporation,

·         De Rigo Vision S.p.A.,

·         ZENNI OPTICAL, INC., and

·         ThinkOptic Inc.

Segment Analysis

The global reading glasses market outlook has been segmented into age group, type and distribution channel.

On the basis of age group, the market is segmented into less than 18 years, 18-64 years, and 65 years and greater. The 18-64 years segment dominated the global market in 2022. Presbyopia, hyperopia, and farsightedness are three adult vision disorders that are becoming more common.

Based on type, the global reading glasses market has been segmented into prescription reading glasses and OTC reading glasses. Prescription reading glasses segment dominated the global Reading Glasses market in 2022. This can be attributable to the public's growing understanding of the value of choosing the right eyeglass strength.

Based on distribution channel, the global reading glasses market has been segmented into retail stores, online sales channels, and ophthalmology clinics. Retail stores segment dominated the global market in 2022. This may be related to the fact that customers prefer to visit actual stores to examine the goods in person and decide whether or not it is suitable for them.

Regional Analysis:
The global reading glasses market insights is segmented into four major regions: North America, Europe, Asia Pacific, and Latin America.

North America

North America is the largest market for reading glasses, accounting for over 30% of the global market share in 2022. The market is driven by the increasing prevalence of presbyopia, the rising elderly population, and increasing screen time. The major players in the North American reading glasses market include Essilor, Luxottica, Johnson & Johnson, Carl Zeiss, and Safilo Group.

Europe

Europe is the second largest market for reading glasses, accounting for over 25% of the global market share in 2022. The market is driven by the same factors as the North American market, namely the increasing prevalence of presbyopia, the rising elderly population, and increasing screen time. The major players in the European reading glasses market include Essilor, Luxottica, Safilo Group, Hoya Corporation, and De Rigo Vision S.p.A.

Asia Pacific

Asia Pacific is the fastest-growing market for reading glasses, accounting for over 20% of the global market share in 2022. The market is driven by the large and growing population, the increasing prevalence of presbyopia, and the rising elderly population. The major players in the Asia Pacific reading glasses market include Essilor, Luxottica, Hoya Corporation, De Rigo Vision S.p.A., and Zenni Optical.

Latin America

Latin America is a relatively small market for reading glasses, accounting for less than 10% of the global market share in 2022. However, the market is growing rapidly, driven by the increasing prevalence of presbyopia, the rising elderly population, and increasing screen time. The major players in the Latin American reading glasses market include Essilor, Luxottica, Safilo Group, and Hoya Corporation.

Conclusion

Despite the challenges, the reading glasses market is expected to grow in the coming years. This is due to the increasing prevalence of presbyopia, the rising elderly population, increasing screen time, and growing demand for fashionable reading glasses. The market is expected to be driven by the Asia Pacific region, due to its large and growing population. The major players in the market are focusing on developing innovative products and expanding their distribution networks to cater to the growing demand. 

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Saliva Collection & Diagnostics Market Players, Outlook, Trends, Size, Share, Scope, Regional Demand and Forecast To 2032

 Market Summery-

Recognizing the ascending graph of the growth, the market is continually climbing, Market Research Future (MRFR) in its recently published study analysis asserts that the Global saliva collection devices and diagnostics market size is projected to registering a CAGR of 11.17% throughout the forecast period 2023-2032.

The global saliva collection devices and diagnostics market is growing rapidly and pervasively over the past couple of years. Factors that are supporting the growth of the market include the efficacies and advantages that these devices offer in high-quality clinical diagnosis, obtaining good results. Due to their simple collection techniques, these devices are vastly preferred among clinicians and lab personnel which, in turn, is escalating the market on the global platform, widening the uptake of these devices.

Also, these devices are used in the advanced studies of discoveries and approval of salivary disease biomarkers which as a result, is favouring the market growth, positively.  The increasing prevalence of chronic diseases such as breast cancer, diabetes, oral cancer, periodontitis, and systemic disorders alongside the salivary gland diseases such as HIV, hepatitis, and HCV are fostering the market, increasing the demand and uptake of these devices for diagnostic procedures.  Resultantly, the global saliva collection devices and diagnostics market are expected to garner vast traction, growing rapidly.

Advancements in technology transpired in the field of medical devices are boosting the market growth, bringing more innovations in these devices.

Conversely, the factors such as the high cost associated with these devices are obstructing the growth of the market, acting as a major tailwind. Also, the risks associated with the collection techniques and contaminations are impeding the growth of the saliva collection devices and diagnostics market.

Nevertheless, recent betterments that occurred in these devices as a result of efforts put in by the market players would, in turn, contribute to the market growth to a great extent, augmenting the demand for these devices further.

Global Saliva Collection Devices and Diagnostics Market – Competitive Landscape

Fiercely competitive, the saliva collection devices and diagnostics market insights appears fragmented due to the presence of many matured players. These players incorporate strategic initiatives such as agreement & partnership, product launch, acquisition, and expansion to gain a significant share in the market and thus, to maintain their positions.

International players are increasingly expanding their footprint in the rapidly developing economies, especially in the APAC region. With their well-developed technology portfolios, differentiation, quality, and pricing, they are further making it difficult for regional vendors to compete with them. These players are substantially investing in R&D, global expansion, advanced technologies, and product launch to gain a competitive edge in the market. 

Major Players:

Global saliva collection devices and diagnostics market players leading market include.

• AboGen, Inc.,
• Quest Diagnostics,
• Neogen Corporation,
• OraSure Technologies, Inc.,
• Oasis Diagnostics Corporation, and
• Alere among others.

 

Global Saliva Collection Devices and Diagnostics Market – Segments

For ease of understanding, the analysis has been segmented into four key dynamics:

 

By Site of Collection  : Submandibular/Sublingual Gland Collection Devices, Parotid Gland Collection Devices, and Minor Salivary Glands Collection Devices among others.

By Application                       : Pharmaceutical, Biotechnology, and Forensics among others.

By End-user                            : General Practice, Dentistry, and Laboratories among others.

By Region                               : North America, Asia Pacific, Europe, and the Rest-of-the-World.

 

Saliva Collection Devices and Diagnostics Market – Geographical Analysis

The North American region, heading with the presence of several matured players and substantial investments led by them account for the leading market in the global saliva collection devices and diagnostics market. Also, manufacturers of these medical devices in the region are well capable of delivering a range of customized solutions. Factors such as the augmented uptake of software solutions for healthcare administration and availability of complimenting resources are fostering the growth in the regional market.

Additional factors such as the increasing number of patients suffering from chronic diseases & disorders that are demanding effective diagnosis procedures and the growing demand for the saliva collection devices and diagnostics are substantiating the growth in the regional market. The North America saliva collection devices and diagnostics market are projected to grow at 10.7% CAGR throughout the forecast period.

The saliva collection devices and diagnostics market in the European region stands as the second largest market, globally. Factors like the large technological advancements and the extensive adoption of saliva collection devices among the healthcare providers mainly in Germany, France, and the UK, are propelling the growth in the regional market. The resurging economy in the European region is also a key driving force fostering the market growth in the region.

The Asia Pacific for the saliva collection devices and diagnostics market is rapidly emerging a profitable market, globally. Factors that are fostering the growth of the regional market include the increasing incidences of chronic diseases like diabetes, the growing population that is increasingly gaining awareness towards the benefits of health management, and the availability of new diagnosis and treatment methods. Besides, the rising government support and the increasing per capita health care expenditures are impacting the market growth in the region, positively

 

About US:

Market Research Future (MRFR), enable customers to unravel the complexity of various industries through Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact us:

Market Research Future (part of Wantstats Research and Media Private Limited),

99 Hudson Street,5Th Floor, New York,

New York 10013

United States of America