Ophthalmic Devices Market Insights:
The Ophthalmic Devices Market size was valued at USD 5.25 Billion in 2022, expecting a CAGR of 4.9% during the forecast period (2023-2030), and the market is projected to be worth USD 7.7 Billion by 2030.
Driver:
The increased adoption of Ophthalmic Devices in the Medical Devices industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Ophthalmic Devices also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Ophthalmic Devices in many sectors also boosts the market growth during the forecast period.
The ophthalmic devices market refers to the industry that produces and sells medical devices and equipment used in the diagnosis, treatment, and management of eye-related disorders and diseases. This includes a wide range of devices such as surgical instruments, diagnostic equipment, contact lenses, intraocular lenses, ophthalmic lasers, and vision care products.
Ophthalmic Devices Market Research Report” was just released by Market Research Community. It is divided into several categories, including By Product Function (Ophthalmic Surgical Devices, Ophthalmic Diagnostic Devices, Ophthalmic Vision Care Devices), and companies (Johnson & Johnson Vision Care, Alcon Vision LLC,Carl Zeiss Meditec AG, Bausch & Lomb Incorporated, Essilor International S.A, Ziemer Ophthalmic Systems Ltd, Nidek Co. Ltd, TOPCON Co., Haag-Streit Group), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 4.9%, over the forecast period of 2023–2030.
Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2017-2030 |
| Market Size in 2030 (USD Billion) | 7.7 Billion |
| CAGR (2023-2030) | 4.9% |
| By Product Function | Ophthalmic Surgical Devices, Ophthalmic Diagnostic Devices, Ophthalmic Vision Care Devices |
| By Geography | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Key Players | Johnson & Johnson Vision Care, Alcon Vision LLC,Carl Zeiss Meditec AG, Bausch & Lomb Incorporated, Essilor International S.A, Ziemer Ophthalmic Systems Ltd, Nidek Co. Ltd, TOPCON Co., Haag-Streit Group |
Covid-19 Impact:
The COVID-19 pandemic has had a substantial negative influence on the Ophthalmic Devices market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Johnson & Johnson Vision Care, Alcon Vision LLC,Carl Zeiss Meditec AG, Bausch & Lomb Incorporated, Essilor International S.A, Ziemer Ophthalmic Systems Ltd, Nidek Co. Ltd, TOPCON Co., Haag-Streit Group
Market Segment Analysis:
By Product Function
- Ophthalmic Surgical Devices
- Refractive Error Surgical Devices
- Glaucoma Surgical Devices
- Cataract Surgery Devices
- Vitreoretinal Surgical Devices
- Ophthalmic Diagnostic Devices
- Refractors
- Corneal Topography Systems
- Retinal Ultrasound Systems
- Fundus Camera
- Ophthalmoscopes
- Optical Coherence Tomography Systems
- Perimeters
- Slit Lamps
- Tonometer
- Ophthalmic Vision Care Devices
- Contact Lenses
- Spectacle Lenses
Region
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2022, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Ophthalmic Devices industries in the region.
Key Ophthalmic Devices Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Ophthalmic Devices Market segments.
– Largest Market Share Held by Industry to Industry for Ophthalmic Devices
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Ophthalmic Devices Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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Research Methodology
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