Ophthalmic Equipment Market Devices, By Top Key Players, Global Industry Size, Growth Opportunity, Latest Trends and Advanced Technologies To 2023
MRFR’s Outlook towards the Worldwide Ophthalmic Equipment Market
Remains Positive with a 5.4 % CAGR forecast for the Next Five Years. And
Provide Overview of Key Players and their Strategic Profiling in the Market,
Comprehensively Analyzing their Core Competencies, and Drawing a Competitive
Landscape for the Market.
Ophthalmic Equipment Market – Key Players
Some of the key players in this market are Alcon (U.S.), Bausch
& Lomb (U.S.), Carl Zeiss Meditec (Germany), Johnson & Johnson (U.S.),
Essilor International S.A. (France), Haag-Streit (Switzerland), Nidek (Korea),
Staar Surgical (U.S.), Topcon Corporation (Japan), Ziemer Ophthalmic Systems
(Switzerland), Hoya Corporation (Japan), Ridex Corporation (U.S.), and others.
Ophthalmic Equipment Market – Highlights
The market in Asia Pacific is expected to grow rapidly in the
coming years. Based on a detailed study and analysis, it is found that this
region has a good growth potential due to the increasing unhealthy eating habits
and unhygienic conditions. Major factors driving the market are increasing
geriatric population and increasing healthcare expenditure. On the other hand,
low awareness in developing and underdeveloped regions regarding ophthalmic
diseases may hamper the market growth during the forecast period.
Ophthalmic Equipment Market – Segmentation
The global ophthalmic
equipment market is segmented on the basis of product, application,
and end-user.
On the basis of product, the market is segmented into vision care
devices, ophthalmology surgical devices, diagnostic and monitoring devices, and
others. Vision care devices a segmented into spectacles and contact lens.
Contact lenses are further segmented into soft contact lenses, Rigid Gas
Permeable lenses (RGP), and hybrid contact lenses. Ophthalmology surgical
devices are segmented into cataract surgical devices, vitreoretinal surgical devices,
refractive surgical devices, glaucoma surgical devices, ophthalmic microscopes,
ophthalmic accessories, and others. Cataract surgical devices are further
segmented into Intraocular Lenses (IOLS), Ophthalmic Viscoelastic Devices
(OVDS), phacoemulsification devices, cataract surgical lasers, and others.
The
vitreoretinal surgical devices segment is further segmented into vitreoretinal
packs, vitrectomy machines, photocoagulation lasers, illumination devices,
vitrectomy probes, and others. The refractive surgical devices segment is
further segmented into femtosecond lasers, excimer lasers, and others. Glaucoma
surgical devices are further segmented into Glaucoma Drainage Devices (GDDS),
and micro-invasive glaucoma surgical devices. Ophthalmic accessories are
further segmented into surgical instruments and kits, ophthalmic forceps,
ophthalmic spatulas, ophthalmic tips and handles, ophthalmic scissors, macular
lenses, ophthalmic cannulas, and others.
Diagnostic and monitoring devices are
segmented into optical coherence tomography scanners, fundus cameras,
perimeters/visual field analyzers, autorefractors and keratometers, ophthalmic
ultrasound imaging systems, tonometers, slit lamps, phoropters, wavefront
aberrometers, optical biometry systems, ophthalmoscopes, lensmeters, corneal
topography systems, chart projectors, specular microscopes, retinoscopes, and
others. Ophthalmic ultrasound imaging systems are further segmented into
ophthalmic A-scan ultrasound, ophthalmic b-scan ultrasound, ophthalmic ultrasound
biomicroscopes, and ophthalmic pachymeters.
On the basis of application, the market is segmented into
glaucoma, amblyopia, cataract, retinal detachment, and others.
On the basis of end-user, the market is segmented into hospitals,
ophthalmology clinics, diagnostic centers, research centers, and others.
Ophthalmic Equipment Market – Regional Analysis
The Americas dominates the global ophthalmic equipment market
owing to the increasing prevalence of ophthalmic diseases and presence of a
well-developed healthcare sector within the region. Moreover, the increasing
healthcare expenditure and presence of key players within the regional
boundaries provide a favorable background for the market growth.
Europe is the second largest in the global ophthalmic equipment
market. Factors such as the increasing availability of funds for research and a
huge patient population followed by a well-developed healthcare sector drive
the market within the region.
Asia Pacific is estimated to be the fastest growing market for
ophthalmic equipment. This can be attributed to the presence of developing
economies such as India and China and a huge patient population suffering from
ophthalmic diseases. Moreover, the increasing healthcare expenditure and a
rapidly developing healthcare sector boost the market growth within the region.
On the other hand, the Middle East and Africa has the least share
in the global ophthalmic equipment market due to the low per capita healthcare
expenditure and stringent government policies, especially within the African
region. It is estimated that the Middle East holds a majority of the market
within the Middle Eastern and African region.
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