Ophthalmic Equipment Market Poised for Robust Growth, forecasted to Expand at 5.9% CAGR from 2024-30
MarkNtel Advisors has released its latest report highlighting strong growth in The Global Ophthalmic Equipment Market size was valued at USD 62.8 billion in 2023 and is estimated to grow at a CAGR of around 5.9% during the forecast period, i.e., 2024-30.
Report Coverage
This report offers a comprehensive analysis of the Ophthalmic Equipment Market, providing valuable insights across historical trends, current dynamics, and future forecasts.
- Base Year: 2023
- Forecast Years: 2024-30
- Historical Years: 2019-22
Ophthalmic Equipment Market Overview
The dynamics of the market are impacted by various factors such as technological progress, growing incidence of eye disorders, an aging population, a surge in demand for minimally invasive procedures, and reinforced healthcare infrastructure. These facets collectively affect product development strategies, pricing tactics distribution channels & promotional campaigns within the ophthalmic equipment industry.
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Ophthalmic Equipment Market Segmentation Outlook
The Ophthalmic Equipment is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:
By Product
- Vision Care Products
- Spectacles
- Contact Lenses
- Surgical Devices
- Cataract Surgical Devices
- Vitreoretinal Surgical Devices
- Refractive Surgical Devices
- Glaucoma Surgical Devices
- Ophthalmic Surgical Accessories
- Diagnostic & Monitoring Devices
- Optical Coherence Tomography Scanners
- Fundus Cameras
- Perimeters/Visual Field Analyzers
- Autorefractors & Keratometers
- Ophthalmic Ultrasound Imaging Systems
- Tonometers
- Slit Lamps
- Phoropters
- Wavefront Aberrometers
- Optical Biometry Systems
- Ophthalmoscopes
- Lensmeters
- Corneal Topography Systems
- Chart Projectors
- Retinoscopes
- Specular Microscopes
By End User
- Consumers
- Hospitals
- Specialty Clinics & Ambulatory Surgery Centers
- Others
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Ophthalmic Equipment Market Driver
Rising Eye Disorders Due to Age Factor to Fuel the Market Expansion – Age is the primary factor behind eye-related ailments, however an upsurge in population and prolonged exposure to UV screens have made a notable contribution towards their escalation. Certain widespread disorders comprise diabetic retinopathy, glaucoma, cataracts, corneal opacities Trachoma as well and refractive error disease. The expanding prevalence of diabetic retinopathy, specifically amongst diabetes patients has evoked curiosity regarding state-of-the-art imaging methodologies, including femtosecond lasers & laser treatments with promising outcomes. Furthermore, other innovations, such as phacoemulsification systems for cataract treatment provide hope for better success rates globally against vision impairment mooted by inventive technologies on the horizon.
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Top Ophthalmic Equipment Market Brands & Their Strategic Market Positioning
MarkNtel Advisors Research identifies Bausch Lomb, Alcon, Carl Zeiss Meditec AG, Johnson & Johnson, Hoya Corporation, Essilorluxottica, Canon, Glaukos Corporation, Nidek Co., Ltd., Topcon Corporation, BVI, Dorc, Corza, The Cooper Companies Inc.,Others as key players shaping the market landscape.
Ophthalmic Equipment Market News
- 2023: Intending to ensure secure and dependable implantation, Carl Zeiss introduced ZEISS trifocal technology using a C-loop platform that is hydrophobic and free from glare. Additionally, there is now complete preloading on an injector for ease of use.
- 2023: In order to prevent vision loss for individuals suffering from serious eye diseases, Carl Zeiss teamed up with Boehringer Ingelheim and devised proactive analytics that facilitates early detection of such conditions along with tailored treatments.
Key Questions Answered in the Report
- What is the market size (value & volume) along with the current & future trends, growth factors & challenges, etc.?
- How the industry has been evolving, and which segments would dominate the market during the forecast period?
- What are the key opportunity areas that companies foresee in the coming years 2030?
- Who are the key players in the market, and what are their competitive strengths?
- What are the key growth drivers & challenges associated with the market, and how would they impact the market through the forecast period?
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