The rising eye disorders due to age factor is expected to drive the Ophthalmic Equipment Market during 2024-30.
According to MarkNtel Advisors study, 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.
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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Key Findings in Ophthalmic Equipment Market:
| Historical Years | 2019-2022 |
| Base Years | 2023 |
| Forecast Years | 2024-2030 |
| Key Report Highlights | · Market Dimensions & Projections· Pricing Evaluation,· Recent Strategic Moves by Companies,· Primary Stakeholders,· Analysis of Import and Export Trends,· Competitive Landscape Assessment,· Emerging Opportunities,· Market Trends and Indicators |
| Reports Delivery Format | Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address. |
Ophthalmic Equipment Market Key Players:
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,
Market Segmentation Overview:
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
The Vision Care segment of the Ophthalmic Equipment Market has significantly expanded, attributable to an increasing elderly population and heightened consciousness of eye health. However, the sector is presently undergoing significant changes due to technological advancements, evolving demographics and lifestyles as well as transformative government initiatives. China, India, and Japan are spearheading preventative healthcare services for age-related ailments that encompass change across borders. Effective stakeholder collaboration can foster innovative solutions guaranteeing unmitigated access to exceptional eyesight irrespective of income or geographical location disparities.
By End User
-Consumers
-Hospitals
-Specialty Clinics & Ambulatory Surgery Centers
-Others
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By Region
North America
South America
Europe
The Middle East & Africa
Asia-Pacific
The Ophthalmic Equipment Industry Recent Development:
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.
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