Market Overview:
The global ophthalmic equipment market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing prevalence of eye diseases, rising geriatric population, and technological advancements in ophthalmic devices. The global ophthalmic equipment market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into diagnostic and monitoring devices, surgical devices, and vision care products. The diagnostic and monitoring devices segment is further sub-segmented into slit lamps & tonometers, fundus cameras & indirect ophthalmoscopes (IOP), optical coherence tomography (OCT), pachymeters & keratometers , corneal topographers , ultrasound biomicroscopy (UBM) systems . The surgical devices segment is further sub-segmented into phacoemulsification machines & systems , vitrectomy machines & systems 、laser surgery machines 、orbital floor fracture repair system . On the basis of application, the market is divided into hospitals , specialty clinics 、ambulatory surgical centers (ASCs) .
Product Definition:
Ophthalmic equipment is a type of medical equipment that is used to diagnose and treat eye-related conditions. It includes devices such as ophthalmoscopes, slit lamps, and tonometers. These devices allow doctors to examine the eyes for signs of disease or injury, and to measure various aspects of eye health. Ophthalmic equipment is important for diagnosing and treating a wide range of eye-related conditions.
Diagnostic and Monitoring Devices:
The global diagnostic and monitoring devices, it's usage and growth factor in ophthalmic equipment market size was valued at USD 4.5 billion in 2015. The rising prevalence of diabetes, cardiovascular diseases & other chronic disorders is expected to be a high impact rendering driver for the market over the forecast period.
Surgical Devices:
Surgical devices are classified into two major categories, disposable and reusable. Reusable surgical devices accounted for the largest share of the market in 2015 owing to their high cost and usage rate. The segment is expected to show a significant growth rate over the forecast period due to increasing demand for minimally invasive surgeries, growing prevalence of ophthalmic disorders such as cataract & refractive errors along with rising geriatric population base which is prone to these eye disorders.
Application Insights:
Based on application, the global ophthalmic equipment market is segmented into hospitals, specialty clinics and ASCs. Hospitals held the largest share in 2017 owing to increasing prevalence of diseases such as diabetes and cardiac disorders that require regular check-ups by a healthcare professional. In addition, an increase in the number of surgeries being performed has also positively influenced hospital penetration.
The specialty clinic segment is expected to witness significant growth over the forecast period due to growing awareness about eye care among individuals across all age groups and genders. Furthermore, rising demand for high-quality diagnostic imaging services by patients with various vision problems is also likely to fuel industry expansion over the coming years.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of a large number of players, high adoption rate of advanced ophthalmic care devices, and favorable reimbursement policies & regulatory reforms by governments. In addition, increasing geriatric population with chronic diseases such as glaucoma and AMD is expected to drive regional growth during the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to factors such as improving healthcare infrastructure & availability of cost-effective treatment options for patients coupled with rising patient awareness levels regarding early diagnosis and treatment methods for various eye disorders. Moreover, an increase in medical tourism due to better reimbursement policies will also boost demand for these products in this region during the forecast period.
Growth Factors:
- Increasing prevalence of eye diseases and disorders: The increasing prevalence of various eye diseases and disorders is one of the key growth drivers for the ophthalmic equipment market. According to a study by the World Health Organization (WHO), over 285 million people are affected by visual impairment, which is expected to increase to more than 350 million by 2020. This growing population base is expected to drive demand for ophthalmic equipment in the coming years.
- Rising awareness about eye care: There has been a rising awareness about eye care in recent years, owing to which patients are increasingly opting for early diagnosis and treatment of various eye conditions. This is another major factor that is driving growth of the ophthalmic equipment market worldwide.
- Technological advancements: The rapid technological advancements in ophthalmic equipment have resulted in introduction of innovative products with enhanced features and capabilities over traditional devices. This is resulting in increased adoption rates among both physicians and patients, thereby propelling market growth further.
Scope Of The Report
Report Attributes
Report Details
Report Title
Ophthalmic Equipment Market Research Report
By Type
Diagnostic and Monitoring Devices, Surgical Devices, Vision Care Products
By Application
Hospitals, Specialty Clinics, Ambulatory Surgical Centers (ASCs)
By Companies
Alcon, Bausch + Lomb, Carl Zeiss Meditec, Johnson & Johnson, Hoya, Essilor, Haag-Streit, Nidek, Staar Surgical, Topcon, Alcon
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
120
Number of Tables & Figures
84
Customization Available
Yes, the report can be customized as per your need.
Global Ophthalmic Equipment Market Report Segments:
The global Ophthalmic Equipment market is segmented on the basis of:
Types
Diagnostic and Monitoring Devices, Surgical Devices, Vision Care Products
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Specialty Clinics, Ambulatory Surgical Centers (ASCs)
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Alcon
- Bausch + Lomb
- Carl Zeiss Meditec
- Johnson & Johnson
- Hoya
- Essilor
- Haag-Streit
- Nidek
- Staar Surgical
- Topcon
- Alcon
Highlights of The Ophthalmic Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Diagnostic and Monitoring Devices
- Surgical Devices
- Vision Care Products
- By Application:
- Hospitals
- Specialty Clinics
- Ambulatory Surgical Centers (ASCs)
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Ophthalmic Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Ophthalmic equipment is any medical device used to diagnose, treat, or prevent eye diseases. This includes devices such as eyeglasses, contact lenses, and surgery.
Some of the major companies in the ophthalmic equipment market are Alcon, Bausch + Lomb, Carl Zeiss Meditec, Johnson & Johnson, Hoya, Essilor, Haag-Streit, Nidek, Staar Surgical, Topcon, Alcon.
The ophthalmic equipment market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Ophthalmic Equipment Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Ophthalmic Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ophthalmic Equipment Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Ophthalmic Equipment Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Ophthalmic Equipment Market Size & Forecast, 2018-2028
4.5.1 Ophthalmic Equipment Market Size and Y-o-Y Growth
4.5.2 Ophthalmic Equipment Market Absolute $ Opportunity
Chapter 5 Global Ophthalmic Equipment Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Ophthalmic Equipment Market Size Forecast by Type
5.2.1 Diagnostic and Monitoring Devices
5.2.2 Surgical Devices
5.2.3 Vision Care Products
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Ophthalmic Equipment Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Ophthalmic Equipment Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Specialty Clinics
6.2.3 Ambulatory Surgical Centers (ASCs)
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ophthalmic Equipment Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Ophthalmic Equipment Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Ophthalmic Equipment Analysis and Forecast
9.1 Introduction
9.2 North America Ophthalmic Equipment Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Ophthalmic Equipment Market Size Forecast by Type
9.6.1 Diagnostic and Monitoring Devices
9.6.2 Surgical Devices
9.6.3 Vision Care Products
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Ophthalmic Equipment Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Specialty Clinics
9.10.3 Ambulatory Surgical Centers (ASCs)
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Ophthalmic Equipment Analysis and Forecast
10.1 Introduction
10.2 Europe Ophthalmic Equipment Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Ophthalmic Equipment Market Size Forecast by Type
10.6.1 Diagnostic and Monitoring Devices
10.6.2 Surgical Devices
10.6.3 Vision Care Products
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Ophthalmic Equipment Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Specialty Clinics
10.10.3 Ambulatory Surgical Centers (ASCs)
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Ophthalmic Equipment Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Ophthalmic Equipment Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Ophthalmic Equipment Market Size Forecast by Type
11.6.1 Diagnostic and Monitoring Devices
11.6.2 Surgical Devices
11.6.3 Vision Care Products
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Ophthalmic Equipment Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Specialty Clinics
11.10.3 Ambulatory Surgical Centers (ASCs)
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Ophthalmic Equipment Analysis and Forecast
12.1 Introduction
12.2 Latin America Ophthalmic Equipment Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Ophthalmic Equipment Market Size Forecast by Type
12.6.1 Diagnostic and Monitoring Devices
12.6.2 Surgical Devices
12.6.3 Vision Care Products
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Ophthalmic Equipment Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Specialty Clinics
12.10.3 Ambulatory Surgical Centers (ASCs)
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Ophthalmic Equipment Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Ophthalmic Equipment Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Ophthalmic Equipment Market Size Forecast by Type
13.6.1 Diagnostic and Monitoring Devices
13.6.2 Surgical Devices
13.6.3 Vision Care Products
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Ophthalmic Equipment Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Specialty Clinics
13.10.3 Ambulatory Surgical Centers (ASCs)
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Ophthalmic Equipment Market: Competitive Dashboard
14.2 Global Ophthalmic Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Alcon
14.3.2 Bausch + Lomb
14.3.3 Carl Zeiss Meditec
14.3.4 Johnson & Johnson
14.3.5 Hoya
14.3.6 Essilor
14.3.7 Haag-Streit
14.3.8 Nidek
14.3.9 Staar Surgical
14.3.10 Topcon
14.3.11 Alcon
