Ophthalmic Equipment Market Worth $61.58 Billion by 2030
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Meticulous
Research®—a leading global market research
company, published a research report titled ‘Ophthalmic
Equipment Market by Product Type (Vision Care, Surgical
Devices {Refractive, Cataract, Vitreoretinal, Glaucoma, Accessories},
Diagnostic {Retinoscope, Tonometer, Ultrasound}), End User (Consumer, Clinic,
Hospital) - Global Forecast to 2030.’
According
to this latest publication from Meticulous Research®, the global ophthalmic equipment market is projected to reach
$61.58 billion by 2030, at a CAGR of 4.4% during the forecast period. Growing
prevalence of eye diseases and disorders like cataracts, glaucoma, obesity and
diabetes, age-related macular degeneration (AMD), visual impairment due to
excessive use of digital devices, rising geriatric population, and rising
government initiatives and funding to improve accessibility to eye care
services are the factors driving the growth of this market.
Ophthalmic Equipment Market: Future Outlook
The global
ophthalmic equipment market is segmented by Product Type (Vision Care Products
[Spectacles, Contact Lenses {Soft Contact Lenses, Rigid Gas Permeable Lenses,
Hybrid Contact Lenses}], Surgical Devices [Cataract Surgical Devices
{Intraocular Lenses, Ophthalmic Viscoelastic Devices, Cataract Surgical
Lasers, Phacoemulsification Devices, IOL Injectors}, Refractive Surgical
Devices {Excimer Lasers, Femtosecond Lasers, Other Refractive Surgical
Lasers}, Vitreoretinal Surgical Devices {Vitrectomy Machines, Illumination
Devices, Vitreoretinal Packs, Photocoagulation Lasers, Vitrectomy Probes},
Glaucoma Surgical Devices {Glaucoma Laser Systems, Glaucoma Drainage Devices,
Microinvasive Glaucoma Surgery Devices}, Ophthalmic Microscopes, Ophthalmic
Surgical Accessories {Surgical Instruments & Kits, Ophthalmic Spatulas,
Ophthalmic Tips & Bundles, Ophthalmic Forceps, Ophthalmic Scissors,
Macular Lenses, Ophthalmic Cannulas, Ophthalmic Surgical Accessories}],
Diagnostic & Monitoring Devices [Fundus Cameras, Optical Coherence
Tomography Scanners, Visual Field Analyzers/Perimeters,
Keratometers/Autorefractors, Ophthalmic Ultrasound Imaging Systems {A-Scan
Ultrasound Imaging Systems, Scan Ultrasound Imaging Systems, Pachymeters,
Ultrasound Microscope}, Slit Lamps, Tonometer, Wavefront Aberrometers, Optical
Biometery Systems, Ophthalmoscopes, Lensometers, Chart Projectors, Optical
Biometry Systems, Retinoscopes]), End User (Hospitals & Clinics,
Ambulatory Surgical Centers, Consumers, Research Institutes & Academics,
and Other End Users), and Geography. The study also evaluates industry
competitors and analyzes their market shares at the regional and country
levels.
Based on product type, in 2023, the
vision care segment is expected to account for the largest share of the
ophthalmic equipment market. Fast-growing use of premium reusable lenses and
daily disposable contact lenses fueled by improved health and comfort,
advancements in specialty lenses and increasing demand for multifocal, toric,
and cosmetic lenses; growing consumption and access of vision care products in
developing countries like India and China; and increasing accessibility of
vision care products to consumers through distribution models,
direct-to-consumer channels, including internet sales are some of the factors
supporting this segment’s large market share.
Based on end user, in 2023, the consumer
segment is expected to account for the largest share of the ophthalmic
equipment market. The rising aging population and its growing eye care needs;
improved quality of eye care, including vision correction; increasing
purchasing power; and rising prevalence of progressive myopia, myopia, and
digital eye strain, are some of the prominent factors supporting this
segment’s large market share.
Geographic Review
This
research report analyzes major geographies and provides a comprehensive
analysis of North America (U.S. and Canada), Europe (Germany, France, U.K.,
Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest
of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America),
and the Middle East & Africa.
In 2023,
North America is expected to account for the largest share of the global
ophthalmic equipment market, followed by Europe and Asia-Pacific. The U.S. is
expected to be the largest shareholding market in North America in 2023. The
large share of this market is primarily driven by the high prevalence of eye
diseases and disorders, the presence of key players, and the high awareness
regarding vision care in the region.
Key Players
The key
players operating in the global ophthalmic equipment market are Bausch Health
Companies Inc. (Canada), Carl Zeiss Meditec AG (Germany), EssilorLuxottica
(France), Alcon Inc. (U.S.), The Cooper Companies, Inc. (U.S.), Johnson &
Johnson Vision Care, Inc. (U.S.), HEINE Optotechnik GmbH & Co. KG
(Germany), Glaukos Corporation (U.S.), Ziemer Ophthalmic Systems AG
(Switzerland), and Nidek Co., Ltd. (Japan).
Download Sample Report: https://www.meticulousresearch.com/download-sample-report/cp_id=5461
Key questions answered in the report-
· Which are
the high-growth market segments in terms of product type, end user, and
regions/countries?
· What was
the historical market for ophthalmic equipment across the globe?
· What are
the market forecasts and estimates for the period 2023–2030?
· What are
the major drivers, restraints, challenges, opportunities, and trends in the
global market of ophthalmic equipment?
· Who are
the major players in the global ophthalmic equipment market?
· How is the
competitive landscape, and who are the market leaders in the global ophthalmic
equipment market?
· What are
the recent developments in the ophthalmic equipment market?
· What are
the different strategies adopted by the major players in the ophthalmic
equipment market?
· What are
the geographical trends and high growth regions/countries for this market?
About Meticulous Research®
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and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private
limited company under the Companies Act, 1956. Since its incorporation, the
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Africa.
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