Market Overview:
The global ophthalmology devices 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. In addition, growing demand for minimally invasive surgeries is also propelling the growth of the global ophthalmology devices market. On the basis of type, the global ophthalmology devices market is segmented into vision care products, ophthalmology surgical devices, and diagnostic and monitoring devices.
Product Definition:
Ophthalmology Devices are used to diagnose and treat eye diseases. They include devices such as ophthalmoscopes, retinoscopes, and slit lamps.
Vision Care Products:
The global vision care products, it's usage and growth factor in ophthalmology devices market is expected to grow at a significant rate during the forecast period. The factors that propel the growth of this market include growing geriatric population base, increasing prevalence of age-related ophthalmic disorders such as myopia (nearsightedness), hyperopia (farsightedness) and presbyopia.
Ophthalmology Surgical Devices:
Ophthalmic surgical devices are used in ophthalmic surgeries such as cataract, glaucoma, vitreoretinal surgery and others. The global Ophthalmology Devices market is expected to grow at a lucrative rate during the forecast period owing to factors such as increasing geriatric population base which is more prone towards age-related eye diseases coupled with high unmet medical needs in emerging economies of Latin America and Asia Pacific regions.
Application Insights:
Based on application, the global ophthalmology devices 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 surgical treatment to cure or manage them. Moreover, an increase in number of road accidents resulting in visual impairment also contributes towards a large share for this segment. In addition, an increase in spending capacity of patients with ocular disorders has led to growth for this segment over the recent years.
The specialty clinics and ASCs segments are anticipated to witness significant growth during forecast period due largely to growing awareness about eye health among individuals coupled with rising availability of advanced technologies at affordable costs which enables early diagnosis and effective management procedures for various eye diseases including diabetic retinopathy & macular degeneration (DR&MD).
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 technologies, and availability of reimbursement coverage for ophthalmic care procedures. In addition, increasing geriatric population and prevalence of eye-related disorders are expected to drive growth during the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to improving healthcare infrastructure coupled with rising awareness regarding ophthalmology treatment options among patients in this region. Moreover, an increase in per capita income is likely to boost demand for these devices due to its growing affordability amongst end users; thereby driving industry expansion across countries such as China and India during the estimated time span (2018-2030).
Growth Factors:
- Increasing prevalence of eye diseases and disorders: The global ophthalmology devices market is expected to grow at a CAGR of 7.5% during the forecast period due to the increasing prevalence of eye diseases and disorders. According to the World Health Organization (WHO), approximately 285 million people are visually impaired worldwide, out of which 39 million are blind and 246 million have low vision. This number is expected to increase due to the growing aging population, rising incidence of diabetes, and other lifestyle-related risk factors.
- Technological advancements: The ophthalmology devices market is witnessing rapid technological advancements with new products being launched regularly in order to cater to the needs of patients with different types of eye conditions. For instance, in 2017, Johnson & Johnson Vision Care launched Acuvue Oasys for Astigmatism contact lenses that correct astigmatism by using an aspheric design that creates a more uniform surface curvature on all points on the lens surface. This helps reduce blurriness and halos around objects caused by astigmatism.
Scope Of The Report
Report Attributes
Report Details
Report Title
Ophthalmology Devices Market Research Report
By Type
Vision Care Products, Ophthalmology Surgical Devices, Diagnostic and Monitoring Devices
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
133
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global Ophthalmology Devices Market Report Segments:
The global Ophthalmology Devices market is segmented on the basis of:
Types
Vision Care Products, Ophthalmology Surgical Devices, Diagnostic and Monitoring Devices
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 Ophthalmology Devices 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:
- Vision Care Products
- Ophthalmology Surgical Devices
- Diagnostic and Monitoring Devices
- 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 Ophthalmology Devices 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
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Ophthalmology devices are medical equipment used to diagnose and treat eye diseases. These devices can include eyeglasses, contact lenses, intraocular lenses (IOLs), and surgical tools.
Some of the major companies in the ophthalmology devices market are Alcon, Bausch + Lomb, Carl Zeiss Meditec, Johnson & Johnson, Hoya, Essilor, Haag-Streit, Nidek, Staar Surgical, Topcon, Alcon.
The ophthalmology devices 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 Ophthalmology Devices 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 Ophthalmology Devices Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ophthalmology Devices 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 Ophthalmology Devices 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 Ophthalmology Devices Market Size & Forecast, 2018-2028
4.5.1 Ophthalmology Devices Market Size and Y-o-Y Growth
4.5.2 Ophthalmology Devices Market Absolute $ Opportunity
Chapter 5 Global Ophthalmology Devices 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 Ophthalmology Devices Market Size Forecast by Type
5.2.1 Vision Care Products
5.2.2 Ophthalmology Surgical Devices
5.2.3 Diagnostic and Monitoring Devices
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Ophthalmology Devices 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 Ophthalmology Devices 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 Ophthalmology Devices 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 Ophthalmology Devices 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 Ophthalmology Devices Analysis and Forecast
9.1 Introduction
9.2 North America Ophthalmology Devices 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 Ophthalmology Devices Market Size Forecast by Type
9.6.1 Vision Care Products
9.6.2 Ophthalmology Surgical Devices
9.6.3 Diagnostic and Monitoring Devices
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 Ophthalmology Devices 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 Ophthalmology Devices Analysis and Forecast
10.1 Introduction
10.2 Europe Ophthalmology Devices 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 Ophthalmology Devices Market Size Forecast by Type
10.6.1 Vision Care Products
10.6.2 Ophthalmology Surgical Devices
10.6.3 Diagnostic and Monitoring Devices
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 Ophthalmology Devices 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 Ophthalmology Devices Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Ophthalmology Devices 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 Ophthalmology Devices Market Size Forecast by Type
11.6.1 Vision Care Products
11.6.2 Ophthalmology Surgical Devices
11.6.3 Diagnostic and Monitoring Devices
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 Ophthalmology Devices 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 Ophthalmology Devices Analysis and Forecast
12.1 Introduction
12.2 Latin America Ophthalmology Devices 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 Ophthalmology Devices Market Size Forecast by Type
12.6.1 Vision Care Products
12.6.2 Ophthalmology Surgical Devices
12.6.3 Diagnostic and Monitoring Devices
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 Ophthalmology Devices 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) Ophthalmology Devices Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Ophthalmology Devices 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) Ophthalmology Devices Market Size Forecast by Type
13.6.1 Vision Care Products
13.6.2 Ophthalmology Surgical Devices
13.6.3 Diagnostic and Monitoring Devices
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) Ophthalmology Devices 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 Ophthalmology Devices Market: Competitive Dashboard
14.2 Global Ophthalmology Devices 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
