Market Overview:
The global ophthalmic instruments market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of eye disorders, rising geriatric population, and technological advancements in ophthalmic instruments. Based on type, the global ophthalmic instruments market is segmented into ophthalmic diagnostic equipment, ophthalmic care equipment, and ophthalmic treatment equipment. Ophthalmic diagnostic equipment held the largest share of the global market in 2017 owing to its growing demand for early diagnosis and treatment of eye disorders. By application, hospitals accounted for the majority share of the global market in 2017 due to increasing number of hospital admissions for eye-related treatments. However, clinics are expected to witness higher growth during the forecast period owing to rising demand for outpatient services for vision correction procedures such as LASIK surgery. Geographically, North America held a dominant position in terms of revenue contribution followed by Europe and Asia Pacific respectively in 2017; however Asia Pacific is projected exhibit highest CAGR over 2018-2030 due high population base coupled with improving healthcare infrastructure across countries such as China.
Product Definition:
An ophthalmic instrument is a tool that is used to help in the examination and treatment of the eye. These tools can include magnifying glasses, microscopes, lasers, and scalpels. Ophthalmic instruments are important because they allow doctors to accurately diagnose and treat conditions of the eye.
Ophthalmic Diagnostic Equipment:
Ophthalmic diagnostic equipment is used for the diagnosis of diseases and conditions of the eye. It includes instruments such as tonometers, ophthalmoscopes, ophthalmoscopy equipment, keratometers etc.
Ophthalmic Care Equipment:
Ophthalmic care equipment is used in ophthalmic instruments market for the diagnosis and treatment of diseases related to eyes. It includes devices such as tonometers, ophthalmoscopes, keratometers, fundus cameras and other accessories which are used by medical practitioners or optometrists for visual acuity tests (FVU), intraocular pressure (IOP) measurement, corneal topography evaluation and analysis of contact lenses status.
Application Insights:
Based on application, the global ophthalmic instruments market is segmented into hospitals, clinics and optical stores. Hospitals held the largest share in 2017 owing to factors such as a large patient base and high prevalence of eye diseases requiring surgical treatment. In addition, an increase in healthcare spending by individuals & government along with growing awareness about eye care services are boosting hospital based OPDs growth.
Clinics and optical stores are expected to grow at fastest CAGR during forecast period due to increasing demand for low cost vision care services coupled with rising consumer awareness about personal hygiene including keeping eyes clean & healthy. Increasing number of optometrists across developing countries is also expected to boost growth over the forecast period.
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 for advanced ophthalmic care equipment, and increasing geriatric population with associated rise in eye-related problems. The region is expected to maintain its dominance throughout the forecast period owing to factors such as favorable reimbursement policies and government initiatives pertaining to ophthalmic care facilities & devices. For instance, Medicare Part A covers around 80% cost of cataract surgery performed by an eye doctor (ophthalmologist).
Asia Pacific is expected to grow at a lucrative CAGR over the forecast period due rising awareness about various treatment options available for vision correction procedures along with growing prevalence of refractive errors among children & adolescents especially in developing countries like India and China. In addition, booming medical tourism industry coupled with improving healthcare infrastructure will drive growth 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 instruments 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 instruments 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 instruments market worldwide.
- Technological advancements: The advent of new technologies has led to significant advancements in ophthalmic instrumentation, thus enabling earlier diagnosis and treatment of various vision-related problems. This is resulting in increased demand for these devices from healthcare providers across the globe.
Scope Of The Report
Report Attributes
Report Details
Report Title
Ophthalmic Instruments Market Research Report
By Type
Ophthalmic Diagnostic Equipment, Ophthalmic Care Equipment, Ophthalmic Treatment Equipment
By Application
Hospitals, Eye Clinics
By Companies
Stephens Instruments, Dexta, Keeler Instruments, Accutome, TOPCON CORPORATION, Carl Zeiss Vision International GmbH, Ellex, Quantel Medical Inc, NIDEK CO., LTD, HAAG-STREIT GROUP, Halma plc, Coburn Technologies Inc, Kowa Company Ltd.
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
204
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global Ophthalmic Instruments Market Report Segments:
The global Ophthalmic Instruments market is segmented on the basis of:
Types
Ophthalmic Diagnostic Equipment, Ophthalmic Care Equipment, Ophthalmic Treatment Equipment
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, Eye Clinics
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:
- Stephens Instruments
- Dexta
- Keeler Instruments
- Accutome
- TOPCON CORPORATION
- Carl Zeiss Vision International GmbH
- Ellex
- Quantel Medical Inc
- NIDEK CO., LTD
- HAAG-STREIT GROUP
- Halma plc
- Coburn Technologies Inc
- Kowa Company Ltd.
Highlights of The Ophthalmic Instruments 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:
- Ophthalmic Diagnostic Equipment
- Ophthalmic Care Equipment
- Ophthalmic Treatment Equipment
- By Application:
- Hospitals
- Eye Clinics
- 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 Instruments 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
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- 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 instruments are medical devices used to diagnose and treat eye diseases. They include eyeglasses, contact lenses, ophthalmoscopes, and other equipment.
Some of the key players operating in the ophthalmic instruments market are Stephens Instruments, Dexta, Keeler Instruments, Accutome, TOPCON CORPORATION, Carl Zeiss Vision International GmbH, Ellex, Quantel Medical Inc, NIDEK CO., LTD, HAAG-STREIT GROUP, Halma plc, Coburn Technologies Inc, Kowa Company Ltd..
The ophthalmic instruments 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 Instruments 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 Instruments Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ophthalmic Instruments 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 Instruments 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 Instruments Market Size & Forecast, 2018-2028
4.5.1 Ophthalmic Instruments Market Size and Y-o-Y Growth
4.5.2 Ophthalmic Instruments Market Absolute $ Opportunity
Chapter 5 Global Ophthalmic Instruments 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 Instruments Market Size Forecast by Type
5.2.1 Ophthalmic Diagnostic Equipment
5.2.2 Ophthalmic Care Equipment
5.2.3 Ophthalmic Treatment Equipment
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Ophthalmic Instruments 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 Instruments Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Eye Clinics
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ophthalmic Instruments 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 Instruments 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 Instruments Analysis and Forecast
9.1 Introduction
9.2 North America Ophthalmic Instruments 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 Instruments Market Size Forecast by Type
9.6.1 Ophthalmic Diagnostic Equipment
9.6.2 Ophthalmic Care Equipment
9.6.3 Ophthalmic Treatment Equipment
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 Instruments Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Eye Clinics
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 Instruments Analysis and Forecast
10.1 Introduction
10.2 Europe Ophthalmic Instruments 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 Instruments Market Size Forecast by Type
10.6.1 Ophthalmic Diagnostic Equipment
10.6.2 Ophthalmic Care Equipment
10.6.3 Ophthalmic Treatment Equipment
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 Instruments Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Eye Clinics
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 Instruments Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Ophthalmic Instruments 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 Instruments Market Size Forecast by Type
11.6.1 Ophthalmic Diagnostic Equipment
11.6.2 Ophthalmic Care Equipment
11.6.3 Ophthalmic Treatment Equipment
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 Instruments Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Eye Clinics
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 Instruments Analysis and Forecast
12.1 Introduction
12.2 Latin America Ophthalmic Instruments 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 Instruments Market Size Forecast by Type
12.6.1 Ophthalmic Diagnostic Equipment
12.6.2 Ophthalmic Care Equipment
12.6.3 Ophthalmic Treatment Equipment
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 Instruments Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Eye Clinics
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 Instruments Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Ophthalmic Instruments 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 Instruments Market Size Forecast by Type
13.6.1 Ophthalmic Diagnostic Equipment
13.6.2 Ophthalmic Care Equipment
13.6.3 Ophthalmic Treatment Equipment
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 Instruments Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Eye Clinics
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 Instruments Market: Competitive Dashboard
14.2 Global Ophthalmic Instruments Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Stephens Instruments
14.3.2 Dexta
14.3.3 Keeler Instruments
14.3.4 Accutome
14.3.5 TOPCON CORPORATION
14.3.6 Carl Zeiss Vision International GmbH
14.3.7 Ellex
14.3.8 Quantel Medical Inc
14.3.9 NIDEK CO., LTD
14.3.10 HAAG-STREIT GROUP
14.3.11 Halma plc
14.3.12 Coburn Technologies Inc
14.3.13 Kowa Company Ltd.
