Ophthalmic Equipment Market by Product (Optical Coherence Tomography (OCT), Fundus Camera, Ultrasound, Ophthalmoscope, Phoropter, Slit Lamp, Perimeter, Keratometer, Tonometer, IOL, Femtosecond Laser, Surgical Microscope, Contact Lenses) - Global Forecasts to 2023

Published: April 2018
No. of Pages: 361
Single User License: US $ 7150
Corporate User License: US $ 9650

“The ophthalmic equipment market is projected to grow at a CAGR of 3.5%.”

The ophthalmic equipment market is expected to reach USD 58.44 billion by 2023 from USD 49.30 billion in 2018, at a CAGR of 3.5%. The growth of this market is primarily due to the rapid growth in the geriatric population, rising prevalence of eye diseases, technological advancements in ophthalmic devices, increasing government initiatives to control visual impairment, and increasing adoption of contact lenses and spectacles. However, the high cost of ophthalmology devices and increasing adoption of refurbished ophthalmic devices is expected to hinder the growth of this market up to a certain extent.

“The micro invasive glaucoma surgical devices segment is expected to grow at the fastest rate during the forecast period.”

Based on type, the glaucoma surgical devices market is segmented into glaucoma drainage devices (GDDs), glaucoma laser systems, and micro invasive glaucoma surgical devices. The micro invasive glaucoma surgical devices segment is expected to register the highest CAGR during the forecast period owing to the increasing number of micro invasive glaucoma surgeries performed across the globe and the development of micro incision glaucoma surgical devices.

“The fem to second lasers segment to dominate the market during the forecast period.”

On the basis of type, the refractive surgical devices market is segmented into femtosecond lasers, excimer lasers, and other refractive surgical lasers. The femtosecond lasers segment accounted for the major share of the refractive surgical devices market in 2017. The large share of this segment can be attributed to the widespread adoption of femtosecond lasers in the growing number of LASIK procedures performed across the globe and technological advancements in femtosecond lasers.

“APAC to witness the highest growth during the forecast period.”

Geographically, the ophthalmic equipment market is broadly segmented into five major geographies, namely, North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East & Africa. In 2017, North America commanded a major share of the ophthalmic equipment market. However, APAC is expected to witness the highest growth during the forecast period. Growth in this market is driven by a large population and rising healthcare needs for eye care, increasing focus of prominent players on emerging Asian countries, increasing healthcare expenditure, and rising awareness on advanced ophthalmic equipment.

Break of primary participants was as mentioned below:

  • By Company Size – Tier 1–40%, Tier 2–35% and Tier 3–25%
  • By Designation Level – C-level–35%, Director Level–20%, Others–45%
  • By Region – North America–35%, Europe–25%, AsiaPacific–20%, Latin America–12%, Middle East and Africa–8%

The prominent players in the ophthalmic equipment market are Essilor (France), Alcon (Switzerland), Johnson & Johnson Vision Care (US), Bausch + Lomb (US), Haag-Streit (Switzerland), TOPCON (Japan), Carl Zeiss Meditec (Germany), NIDEK (Japan), STAAR Surgical (US), HOYA (Japan), and Ziemer Ophthalmic Systems (Switzerland).

Research Coverage

The report analyzes the various types of ophthalmic equipment in the market and their adoption patterns. It aims at estimating the market size and future growth potential of the ophthalmic equipment market for different segments such as product, end user, and region. The report also includes an in-depth competitive analysis of the key players in this market along with their company profiles, recent developments, SWOT analysis, and market strategies.

Reasons to Buy the Report

The report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn would help them, garner a greater market share. Firms purchasing the report could use one or a combination of the below-mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) to enhance their market presence.

This report provides insights on the following pointers:

  • Market Penetration: Comprehensive information on the product portfolios offered by the top players in the ophthalmic equipment market. The report analyzes the market by product and end user across all regions
  • Product Development/Innovation: Detailed insights on the upcoming trends, R&D activities, and product launches in the ophthalmic equipment market
  • Market Development: Comprehensive information about the lucrative emerging markets by product, end user, and region
  • Market Diversification: Exhaustive information about new products, growing regions, recent developments, and investments in the ophthalmic equipment market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, products, distribution networks, and manufacturing capabilities of the leading players in the ophthalmic equipment market.

Published By: MarketsandMarkets
Product Code: MarketsandMarkets1759

Did you find what you are/were looking for ? If not, read below and browse through other relevant pages for similar market research reports OR get in touch with us through the form/contact info in your right navigation panel and well share relevant market report titles for you to explore.

Related Reports:

Why ReportsnReports.com?

  • 500,000 market research reports and growing.
  • Top Fortune 500 Organizations trust us for research data.
  • 24/7 support on call as well as emails.
  • Your Details are safe with us.
  • Free support for your research requirements.
  • Report Delivery: Email
  • Delivery Time:
    • Upto 24 hrs - working days
    • Upto 48 hrs max - weekends and public holidays

Research Support / Custom Research

If this business study does not have the data and information analysis you need, contact us with your research requirements. We explore available market research reports to map your needs and share report titles with you. Alternatively, we can also offer custom research that suits your budget and timelines. Share your information requirements here.
Connect With Us
Email: sales@reportsandreports.com Call : + 1 888 391 5441

Subscription Option

Using our subscription option, you get access to market research reports and industry data of Consumer Goods market as per your needs. Get the best of Consumer Goods research reports by utilizing your research budgets in an optimum way.

More about our Subscription option
Report Alerts

Get Email alerts about market research reports from industries and publishers of your interest:

We use cookies to deliver the best possible experience on our website.
By continuing to use this site, or closing this box, you consent to our use of cookies. To learn more, visit our Privacy Policy