Ophthalmic Equipment Market Overview
An overview of conceptual frameworks, analytical approaches of the Ophthalmic Equipment market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market. Ophthalmic Equipment market is expected to grow with significant rate in the near future.
The global Ophthalmic Equipment market in 2020 is estimated for more than US$ 57,117.7 Mn and expected to reach at a value of US$ 81,070.3 Mn by 2028 with a significant CAGR of 4.5%.
Ophthalmic Equipment Market Definition
Eyes are the most sensitive as well as crucial organ in the human body. Any disorder or disease in the eye can cause major vision problems to an individual. Among which, Cataract is one of the most common eye diseases, which one out of five is affected with. Other than that, Glaucoma is another disorder mainly occurring in diabetic patients. Ophthalmology is a field of medical science that majorly deals with the structure, function, and different eye diseases.
Ophthalmic equipment are medical equipment outlined for diagnosis, medical abscission, and vision rectification. Various disorders and diseases related to eyes are treated with the equipment like refractors, fundus camera, corneal topography systems, ophthalmoscope, and many others.
In the present times, laser treatment is also emerging as an advanced technology, more commonly known as LASIK. The treatment and medical care of eyes include spectacles, contact lens, refractory surgery, and cataract surgery. The cataract and refractive surgery majorly drives the growth of the global ophthalmic equipment market.
Ophthalmic Equipment Market Dynamics
The rising prevalence of eye disorders and diseases among the masses, especially increasing incidence of cataract and glaucoma, is majorly boosting the growth of the global ophthalmic equipment market in the near future. In addition to that, the rapid increase in the elederly population across the world as well as screen-bound jobs of most of the working population in the present day world is further pushing the growth of the eye disorders among the population, thus augmenting the growth of the global ophthalmic equipment market.
By the same token, the huge upraise in penetration of digital devices, involving smartphones laptops, and computers, e-readers as well as brisk technological upgradations such as advent of intraocular lenses (IOLs) and rise in focus on customer education and training among eye care professionals with regard to eye diseases and associated complexities is further estimated to give numerous breakthrough to the growth of the global ophthalmic equipment market in the forthcoming years.
However, the stringent rules and guidelines which need to be followed during the cataract and refractive surgeries may limit the market growth in the near future.
Ophthalmic Equipment Market Key Players
Alcon Inc., Essilor International S.A, Johnson & Johnson Vision, BAUSCH + LOMB Incorporated, Topcon Corporation, Carl Zeiss Meditec AG, NIDEK CO., LTD, STAAR Surgical Company, HOYA Corporation, Ziemer Ophthalmic Systems AG, and among others.
Ophthalmic Equipment Market Segmentation
By Product Type
• Vision Care Products
o Contact Lenses
Soft Contact Lenses
Rigid Gas Permeable Lenses (RGP)
Hybrid Contact Lenses
• Ophthalmology Surgical Devices
o Cataract Surgical Devices
Intraocular Lenses (IOLS)
Ophthalmic Viscoelastic Devices (OVDS)
Cataract Surgical Lasers
o Vitreoretinal Surgical Devices
Vitreoretinal Surgery Instruments and Kits
o Refractive Surgical Devices
Other Refractive Surgical Lasers
o Glaucoma Surgical Devices
Glaucoma Drainage Devices (GDDS)
Microinvasive Glaucoma Surgical Devices
o Ophthalmic Microscopes
o Ophthalmic Accessories
Surgical Instruments and Kits
Ophthalmic Tips and Handles
Other Ophthalmic Accessories
• Diagnostic and Monitoring Devices
o Optical Coherence Tomography Scanners
o Fundus Cameras
o Perimeters/Visual Field Analyzers
o Autorefractors and Keratometers
o Ophthalmic Ultrasound Imaging Systems
Ophthalmic A-Scan Ultrasound
Ophthalmic B-Scan Ultrasound
Ophthalmic Ultrasound Biomicroscopes
o Slit Lamps
o Wavefront Aberrometers
o Optical Biometry Systems
o Corneal Topography Systems
o Chart Projectors
o Specular Microscopes
By End Users
• Specialty Clinics and Ambulatory Surgery Centers
• North America
• Latin America
• Asia Pacific
• Middle East
MMC Overview on Ophthalmic Equipment Market Report
The non-identical approach of Meridian Market Consultants stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give better opportunity for the customers to put their effort.
A research report on the Ophthalmic Equipment market by Meridian Market Consultants is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that supports market and the factors that are acting as impedance for the growth of the market.
Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market. The report is titled as ‘Ophthalmic Equipment Market: Opportunity Analysis and Future Assessment 2020-2028’.
Factors that are benchmarked while estimating the market
Various factors that are benchmarked while estimating the market growth includes (but not restricted to):
New product designs and launches
Current product compliance
Concerns for use of Ophthalmic Equipment
Advantages of Ophthalmic Equipment
Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to take informed decision.
A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s products sales, previous growth rates and market expansion plans are considered to generate market share in the global market.