Global Ophthalmic Equipment
Market Report
2024
Ophthalmic equipment market was valued at USD 63.40 billion in 2022 and will reach USD 95.10 billion by 2030, registering a CAGR of 5.2 % for the forecast period 2023-2030
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The Ophthalmic equipment market was valued at USD 63.40 billion in 2022 and will reach USD 95.10 billion by 2030, registering a CAGR of 5.2 % for the forecast period 2023-2030
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Ophthalmic Equipment Market Sales Revenue 2022 | $ 63.4 |
Global Ophthalmic Equipment Market Sales Revenue 2030 | $ 95.1 |
Global Ophthalmic Equipment Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.2% |
Market Split by Product |
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Market Split by End-User |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Ophthalmic Equipment Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
A branch of science known as ophthalmology studies the function, anatomy, and numerous eye diseases. The gadgets used for diagnostic, surgery, and vision correction are called ophthalmic equipment. These devices are in high demand because of the rise in ophthalmic conditions such as glaucoma, cataracts, and vision-related problems. The market is expected to be driven by better government initiatives that are raising awareness of impairment. Traditionally, ophthalmology has included all aspects of visual function, both in health and disease. A doctor specializing in diagnosing, preventing, and treating eye problems is known as an ophthalmologist. During a physical examination, an ophthalmologist may check for strabismus, refraction, and binocular vision in order to make a diagnosis
A variety of eye conditions, including cataracts, poor vision, glaucoma, diabetic eye disease, and age-related macular degeneration, affect the elderly population. This has a significant impact on how many ophthalmic devices are needed. Elderly people’s tear layers lose their integrity and deteriorate more quickly, which increases their chance of developing a number of eye disorders. According to projections, the prevalence of diabetes-related blindness and rising diabetes treatment costs will accelerate market growth.
Even though modern surgeries are safe, there are still some potential hazards. Some operations may be technologically sophisticated if a patient has pre-existing vision issues or other health problems that could make recovery more difficult. The location, hospital, and surgical procedure chosen all affect the cost. Additionally, it can be managed by increasing government spending to widen the market.
The COVID-19 had a negative impact on the ophthalmic device market. It resulted in a decrease in the revenue, which the major companies have generated from the sales of implants and equipment. Reduced sales of implants and consumables are caused by the surgical segment's larger revenue fall, including vitreoretinal operations, cataract surgeries, and other procedures. It also negatively impacts the sales of contact lenses, leading to growth in the sales of ocular health products such as eye drops. So, therefore there is an increasing demand for eye drops and other health products for various eye diseases. Therefore, several benefits offered by ophthalmic equipment have driven the market growth
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Alcon acquired Ivantis, Inc. and its Hydrus micro stent for surgical glaucoma which strengthens Global Ophthalmology Portfolio
Microstent, a minimally-invasive glaucoma surgery device has been designed to lower intraocular pressure for open-angle glaucoma patients in connection with cataract surgery
QHP Capital Invested in COPILOT
The Copilot platform was growing naturally by providing support to pharmaceutical companies and healthcare providers as they work to provide affordable and effective treatment.
Top Companies Market Share in Ophthalmic Equipment Industry: (In no particular order of Rank)
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Ophthalmic equipment is further segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa region. The largest share of this segment is acquired by the North American region. High-impact contributing drivers for the sector include the rapidly aging population and the increased prevalence of chronic eye disorders brought on by poor lifestyles and high levels of stress, such as diabetic retinopathy. The demand for ophthalmic devices in this region is also anticipated to be driven by the adoption of new compensation models for ophthalmologic therapy and a strict governing environment designed to ensure patient safety.
The current report Scope analyzes Ophthalmic Equipment Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Ophthalmic Equipment Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Ophthalmic Equipment Industry growth. Ophthalmic Equipment market has been segmented with the help of its Product, End-User , and others. Ophthalmic Equipment market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The ophthalmic equipment market with surgical accessories is expected to hold the largest market share from the years 2023-2030
The product section is further divided into ophthalmic surgical accessories, surgical equipment, refractive surgical devices, vision care goods, and glaucoma surgical devices. Patients are predicted to favor contact lenses more than traditional eyeglasses, which will encourage product use. It is a multimodal fundus imaging system that combines ultra-wide field imaging capabilities with high-resolution SLO (Scanning Laser Ophthalmoscopy) and OCT imaging. The rising prevalence of various disorders and the rising demand for an accurate and prompt diagnosis are anticipated to positively affect market expansion.
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The hospital segment is estimated to gain the largest share of the amniocentesis needle market during the forecast period.
This segment is further divided into hospitals and eye clinics. This can be linked to the growing use of ophthalmic technology in hospitals and the availability of affordable, efficient treatment in clinics. In the upcoming years, the need for new installations is projected to increase due to the rising number of mergers and acquisitions between ophthalmic clinics and hospitals.
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Research Associate at Cognitive Market Research
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the medical devices & consumables industry. She has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services. Her expertise in Market Research and business intelligence has equipped her with the skills necessary to analyze complex information and provide strategic recommendations.
In her current role, Anushka is a highly motivated and detail-oriented research analyst with a passion for uncovering valuable insights from data. She thrives in dynamic environments where her analytical abilities and research expertise can contribute to informed decision-making for businesses. Her collaborative approach facilitated effective communication of insights, fostering a data-driven culture within the organization.Anushka remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Ophthalmic Equipment Market is witnessing significant growth in the near future.
In 2023, the Vision Care Product segment accounted for noticeable share of global Ophthalmic Equipment Market and is projected to experience significant growth in the near future.
The Consumers segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Johnson & Johnson Vision Care , Bausch & Lomb Incorporated and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Product | Vision Care Product, Surgical Devices, Vitreoretinal Surgical Devices, Refractive Surgical Devices, Glaucoma Surgical Devices, Ophthalmic Microscopes, Diagnostic and Monitoring Devices |
End-User | Consumers, Hospitals, Specialty Clinics, Other End Users |
List of Competitors | Johnson & Johnson Vision Care, Alcon Vision LLC Carl Zeiss Meditec AG, Bausch & Lomb Incorporated, Essilor International S.A, Ziemer Ophthalmic Systems Ltd, Nidek Co. Ltd, TOPCON Corporation, Haag-Streit Group |
This chapter will help you gain GLOBAL Market Analysis of Ophthalmic Equipment. Further deep in this chapter, you will be able to review Global Ophthalmic Equipment Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Analysis 2019 -2031, will provide market size split by Product. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by End-User Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Ophthalmic Equipment market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Vision Care Product have a significant impact on Ophthalmic Equipment market? |
What are the key factors affecting the Vision Care Product and Surgical Devices of Ophthalmic Equipment Market? |
What is the CAGR/Growth Rate of Consumers during the forecast period? |
By type, which segment accounted for largest share of the global Ophthalmic Equipment Market? |
Which region is expected to dominate the global Ophthalmic Equipment Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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