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PUBLISHER: SkyQuest | PRODUCT CODE: 1569494

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PUBLISHER: SkyQuest | PRODUCT CODE: 1569494

Ophthalmology Devices Market Size, Share, Growth Analysis, By Product(Surgical & Vision Care), By Application(Cataract and Glaucoma), By End-user(Hospitals, Ophthalmic Clinics, Eye Clinics and Others), By Region - Industry Forecast 2024-2031

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Global Ophthalmology Devices Market size was valued at USD 28.33 Billion in 2022 and is poised to grow from USD 29.52 Billion in 2023 to USD 36.26 Billion by 2031, growing at a CAGR of 4.2% in the forecast period (2024-2031).

The ophthalmic diagnostic devices market is poised for significant growth driven by ongoing advancements in imaging technologies like Optical Coherence Tomography (OCT) and fundus imaging, enhancing the sensitivity and early detection of ocular diseases. This technological progress is coupled with the rising trend toward minimally invasive surgical techniques, such as microincision cataract surgery (MICS) and laser-assisted refraction procedures, known for their improved accuracy, safety, and quicker recovery times, which further fuels market demand. Additionally, growing healthcare expenditures, particularly in emerging economies, are facilitating the adoption of sophisticated ophthalmic technologies and procedures, although challenges related to time to market and compliance costs remain. The demographic shift towards an aging global population, projected to reach 771 million individuals aged 65 and older by 2022, with numbers expected to escalate to 1.6 billion by 2050, is another pivotal factor driving market growth. The rapid increase of elderly individuals, particularly in regions such as Africa and Latin America, correlates with a heightened risk of developing various diseases, including cardiovascular ailments. This demographic trend underscores a significant market opportunity within the ophthalmic devices sector, as healthcare systems increasingly focus on providing advanced diagnostics and treatments to address the needs of an aging population. Thus, the combination of technological innovations, surgical advancements, and demographic shifts suggests a robust landscape for growth in the ophthalmic diagnostic devices sector.

Top-down and bottom-up approaches were used to estimate and validate the size of the global ophthalmology devices market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

global ophthalmology devices Market Segmental Analysis

Based on the product, the ophthalmology devices market is segmented into surgical & vision care. By application the ophthalmology devices market is segmented into cataract and glaucoma. Based on the end-user, the global market is segmented into hospitals, ophthalmic clinics, eye clinics and others. Geographically, the global ophthalmology devices market has been segmented into Asia-Pacific, North America, Europe, and the Middle East & Africa, and Latin America.

Driver of the global ophthalmology devices Market

The rising incidence of eye infections and related discomfort is a significant driver for the global ophthalmology devices market. With an increase in pollution levels and the prevalence of irritants-such as smoke, dust, and harsh cosmetics-the demand for reliable diagnostic and therapeutic ophthalmology devices is surging. Conditions like blepharitis and dry eyes further exacerbate the need for effective interventions. Moreover, growing awareness of ocular health and continuous advancements in the pharmaceutical sector enhance the urgency for innovative ophthalmic devices, thereby increasing market growth. As eye health becomes a priority for consumers and healthcare providers alike, the market is poised for expansion.

Restraints in the global ophthalmology devices Market

The global ophthalmology devices market faces significant restraints due to several factors prevalent in emerging countries. A decrease in per capita healthcare expenditure hampers the ability to invest in advanced ophthalmic treatments and technologies. Additionally, limited product accessibility restricts the distribution and adoption of innovative devices, further impeding patient care. Compounding these challenges is a lack of awareness regarding ophthalmic diseases, leading to a lower number of patients seeking necessary treatments. For instance, disparities in surgical rates, such as the cataract surgery procedures observed in China compared to the U.S., illustrate the existing limitations that hinder market growth in these regions.

Market Trends of the global ophthalmology devices Market

The global ophthalmology devices market is experiencing robust growth, driven by the increasing demand for innovative equipment, accessories, and contact lenses among healthcare professionals and patients. Notably, advancements such as micro-invasive glaucoma surgeries (MIGs) have emerged as a rapidly growing segment, catering to the treatment needs for mild to moderate glaucoma. Furthermore, market players are directing their efforts toward developing advanced micro-invasive cataract surgical implants, which are expected to enhance surgical outcomes and patient satisfaction. This trend highlights a shift toward less invasive procedures, ultimately propelling the expansion of the ophthalmic devices market in the coming years.

Product Code: SQMIG35A2872

Table of Contents

Introduction

  • Objectives of the Study
  • Definitions
  • Market Scope

Research Methodology

  • Information Procurement
  • Secondary & Primary Data Sources
  • Market Size Estimation
  • Market Assumptions & Limitations

Executive Summary

  • Market Overview Outlook
  • Supply Demand Trend Analysis
  • Segmental Opportunity Analysis

Market Dynamics & Outlook

  • Market Dynamics
    • Drivers
    • Opportunities
    • Restraints
    • Challenges
  • Porters Analysis
    • Competitive rivalry
    • Threat of Substitute Products
    • Bargaining Power of Buyers
    • Threat of New Entrants
    • Bargaining Power of Suppliers

Key Market Insights

  • Key Success Factor
  • Degree of Competition
  • Top Investment Pockets
  • Ecosystem of the Market
  • Patent Analysis
  • Value Chain Analysis
  • Regulatory Landscape
  • Technology Analysis
  • PESTEL Analysis

Ophthalmic Devices Market, By Product

  • Market Overview
  • Optical Coherence Tomography Scanners
  • Fundus Cameras
  • Perimeters/Visual Field Analysers
  • Autorefractors and Keratometers
  • Ophthalmic Ultrasound Imaging Systems
    • Ophthalmic A-Scan Ultrasound
    • Ophthalmic B-Scan Ultrasound
    • Ophthalmic Ultrasound Biomicroscopes
    • Ophthalmic Pachymeters
  • Tonometers
  • Slit Lamps
  • Phoropters
  • Wavefront Aberrometers
  • Optical Biometry Systems
  • Ophthalmoscopes
  • Lensmeters
  • Corneal Topography Systems
  • Specular Microscopes
  • Retinoscopes

Ophthalmic Devices Market, By Application

  • Market Overview
  • Cataract
  • Vitreo Retinal Disorders
  • Glaucoma
  • Refractive Disorders

Ophthalmic Devices Market, By End Use

  • Market Overview
  • Hospitals & Eye Clinics
  • Academic & Research Laboratory
  • Others

Ophthalmic Devices Market Size by Region

  • Market Overview
  • North America
    • USA
    • Canada
  • Europe
    • Germany
    • Spain
    • France
    • UK
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa (MEA)
    • GCC Countries
    • South Africa
    • Rest of MEA

Competitive Landscape

  • Top 5 Player Comparison
  • Market Positioning of Key Players, 2023
  • Strategies Adopted by Key Market Players
  • Recent Activities in the Market
  • Key Companies Market Share (%), 2023

Key Company Profiles

  • Johnson & Johnson Vision Care, Inc.
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Alcon
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Carl Zeiss AG
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Bausch Health Companies Inc.
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • EssilorLuxottica SA
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Hoya Corporation
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Topcon Corporation
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Nidek Co. Ltd.
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Metall Zug AG
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Ziemer Group AG
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • The Cooper Companies, Inc.
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • STAAR Surgical Company
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Baring Private Equity Asia (Lumenis Ltd.)
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Lumibird Medical
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Glaukos Corporation
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Visionix
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Stryker Corporation
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Advancing Eyecare Holdings, Inc.
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Heidelberg Engineering GmbH
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Menicon Co. Ltd.
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
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Jeroen Van Heghe

Manager - EMEA

+32-2-535-7543

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Christine Sirois

Manager - Americas

+1-860-674-8796

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