Market Overview:
The global ophthalmology medical device market is expected to grow at a CAGR of 7.5% 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 devices. Based on type, the global ophthalmology medical device market is segmented into OVDs, phacoemulsification equipment, and others. The OVDs segment is expected to account for the largest share of the global market in 2018 owing to its growing demand for cataract surgery procedures. Based on application, the global ophthalmology medical device market is segmented into hospitals, eye clinics, and others.
Product Definition:
An ophthalmology medical device is a tool or appliance used to diagnose, treat, or prevent eye diseases. Ophthalmology medical devices are important because they allow doctors to diagnose and treat a variety of eye conditions.
Ophthalmic Viscoelastic Device (OVD):
Ophthalmic viscoelastic device (OVD) is a medical device used to treat glaucoma and cataract. It's an artificial structure that helps in increasing the flow of fluid within the eye, thus helping in reducing pressure inside the eye.
Phacoemulsification Equipment:
Phacoemulsification is a technique used in ophthalmic surgery to separate the cornea from the lens. It helps in reshaping of the cornea and also improves vision. This equipment consists of several components like ultrasonic scaler, suction apparatus, forceps, and curettes among others. The market for phacoemulsification devices is segmented on the basis of product types into manual & automatic machines and disposable & reusable instruments.
Application Insights:
Based on application, the global ophthalmology medical device market is segmented into hospitals, clinics and optical stores, others. Hospitals held the largest share in 2017 owing to a large patient base that requires surgical treatment for various eye diseases. In addition to this, hospitals have advanced healthcare facilities with highly skilled staff that can provide better care to patients suffering from eye disorders.
Clinics and optical stores are expected to grow at a rapid pace during the forecast period due largely on-going investments by companies for developing new products and technologies for treating ophthalmic disorders. For instance; in January 2018; Allergan received FDA approval for its IOLs (Intraocular Lenses) used in cataract surgery through its subsidiary Alcon Laboratories Ltd.
Regional Analysis:
North America dominated the global ophthalmology medical device market in 2017. This can be attributed to the presence of a large number of players, high adoption rate for advanced devices, and favorable reimbursement policies & regulatory approvals. The U.S is one of the most lucrative markets for medical devices as it has one of the highest healthcare expenditure levels per capita and also accounts for a large number of new product launches every year.
The Asia Pacific is expected to grow at an exponential rate during the forecast period owing to increasing geriatric population, rising incidences associated with cataract surgery procedures, improving access due to government initiatives & low cost treatment alternatives coupled with growing awareness about ophthalmic disorders amongst patients & physicians alike (Online Mendelian Inheritance in Ophthalmology (OMI) group). Moreover, rapid economic development along with increasing healthcare spending by countries such as China and India are anticipated to fuel growth over this period.
Growth Factors:
- Increasing incidence of eye diseases and disorders: The increasing incidence of various eye diseases and disorders is one of the key growth drivers for the ophthalmology medical device market. This is mainly because a large number of people are affected by different types of eye problems, which requires treatment. For instance, according to the World Health Organization (WHO), globally around 285 million people are visually impaired, out of which 39 million are blind and 246 million have low vision. Thus, there exists a huge potential for ophthalmic devices in the coming years.
- Rising awareness about eye care: There has been a rising awareness about eye care in recent years among both patients and healthcare professionals alike. This is mainly because early diagnosis and treatment can help prevent vision loss or other complications associated with various eye diseases or disorders. In addition, technological advancements in ophthalmic devices have also helped to raise awareness about these devices among patients as well as healthcare professionals worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Ophthalmology Medical Device Market Research Report
By Type
Ophthalmic Viscoelastic Device (OVD), Phacoemulsification Equipment, Others
By Application
Hospitals, Eye Clinics, Others
By Companies
Abbott Laboratories, Bausch & Lomb, Carl Zeiss Meditech, Alcon, Topcon, STAAR Surgical, Essilor International S.A., NIDEK, GE, Allergan
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
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Ophthalmology Medical Device Market Report Segments:
The global Ophthalmology Medical Device market is segmented on the basis of:
Types
Ophthalmic Viscoelastic Device (OVD), Phacoemulsification Equipment, Others
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, Others
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:
- Abbott Laboratories
- Bausch & Lomb
- Carl Zeiss Meditech
- Alcon
- Topcon
- STAAR Surgical
- Essilor International S.A.
- NIDEK
- GE
- Allergan
Highlights of The Ophthalmology Medical Device 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 Viscoelastic Device (OVD)
- Phacoemulsification Equipment
- Others
- By Application:
- Hospitals
- Eye Clinics
- Others
- 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 Medical Device 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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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?
An ophthalmology medical device is a type of medical equipment that is used to diagnose and treat eye diseases. These devices can include eyeglasses, contact lenses, surgery tools, and other diagnostic equipment.
Some of the key players operating in the ophthalmology medical device market are Abbott Laboratories, Bausch & Lomb, Carl Zeiss Meditech, Alcon, Topcon, STAAR Surgical, Essilor International S.A., NIDEK, GE, Allergan.
The ophthalmology medical device market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Ophthalmology Medical Device 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 Medical Device Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ophthalmology Medical Device 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 Medical Device 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 Medical Device Market Size & Forecast, 2018-2028
4.5.1 Ophthalmology Medical Device Market Size and Y-o-Y Growth
4.5.2 Ophthalmology Medical Device Market Absolute $ Opportunity
Chapter 5 Global Ophthalmology Medical Device 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 Medical Device Market Size Forecast by Type
5.2.1 Ophthalmic Viscoelastic Device (OVD)
5.2.2 Phacoemulsification Equipment
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Ophthalmology Medical Device 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 Medical Device Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Eye Clinics
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ophthalmology Medical Device 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 Medical Device 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 Medical Device Analysis and Forecast
9.1 Introduction
9.2 North America Ophthalmology Medical Device 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 Medical Device Market Size Forecast by Type
9.6.1 Ophthalmic Viscoelastic Device (OVD)
9.6.2 Phacoemulsification Equipment
9.6.3 Others
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 Medical Device Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Eye Clinics
9.10.3 Others
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 Medical Device Analysis and Forecast
10.1 Introduction
10.2 Europe Ophthalmology Medical Device 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 Medical Device Market Size Forecast by Type
10.6.1 Ophthalmic Viscoelastic Device (OVD)
10.6.2 Phacoemulsification Equipment
10.6.3 Others
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 Medical Device Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Eye Clinics
10.10.3 Others
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 Medical Device Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Ophthalmology Medical Device 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 Medical Device Market Size Forecast by Type
11.6.1 Ophthalmic Viscoelastic Device (OVD)
11.6.2 Phacoemulsification Equipment
11.6.3 Others
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 Medical Device Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Eye Clinics
11.10.3 Others
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 Medical Device Analysis and Forecast
12.1 Introduction
12.2 Latin America Ophthalmology Medical Device 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 Medical Device Market Size Forecast by Type
12.6.1 Ophthalmic Viscoelastic Device (OVD)
12.6.2 Phacoemulsification Equipment
12.6.3 Others
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 Medical Device Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Eye Clinics
12.10.3 Others
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 Medical Device Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Ophthalmology Medical Device 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 Medical Device Market Size Forecast by Type
13.6.1 Ophthalmic Viscoelastic Device (OVD)
13.6.2 Phacoemulsification Equipment
13.6.3 Others
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 Medical Device Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Eye Clinics
13.10.3 Others
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 Medical Device Market: Competitive Dashboard
14.2 Global Ophthalmology Medical Device Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Abbott Laboratories
14.3.2 Bausch & Lomb
14.3.3 Carl Zeiss Meditech
14.3.4 Alcon
14.3.5 Topcon
14.3.6 STAAR Surgical
14.3.7 Essilor International S.A.
14.3.8 NIDEK
14.3.9 GE
14.3.10 Allergan
