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Ophthalmic Devices Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2031

Global Ophthalmic Devices Market: By Product (Vision Care Products, Surgical Devices, Diagnostics & Monitoring Devices); Vision Care (Spectacles, Contact Lenses); Surgical Devices (Cataract Surgical Devices, Ophthalmic Viscoelastic Devices, Vitreoretinal Surgical Devices, Refractive Surgical Devices, Glaucoma Surgical Devices, Ophthalmic Microscopes, Ophthalmic Surgical Accessories); Diagnostic & Monitoring Devices ( Opthalmoscopes, Chart Projectors, Corneal Topography Systems, Fundus Cameras, Lensometers, Ophthalmic Ultrasound Imaging Systems, Autorefractors & Keratometers, Optical Biometry Systems, Optical Coherence Tomography Scanners, Slit Lamps, Indirect Ophthalmic Lens); End Users (Consumers, Hospitals, Specialty Clinics & Ambulatory Surgery Centers); Region– Industry Dynamics, Market Size, and Opportunity Forecast to 2031

  • Published Date: 22-Feb-2023  |   Format: pdfpowerpointexcel  |  Report ID: AA0621081  | Delivery: 2 to 4 Hours
INFOGRAPHIC:
Ophthalmic Devices Market

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REPORT SCOPE

Report AttributeDetails
Market Size Value in 2022US$ 44.3 Bn
Expected Revenue in 2031US$ 69.2 Bn
Historic Data2018-2021
Base Year2022
Forecast Period2023-2031
UnitValue (USD Bn)
CAGR6.9% 
Segments coveredBy Product, By Vision Care, By Surgical Devices, By Diagnostic & Monitoring Devices, By End Users, By Region
Key Companies                                                                                                                                Alcon, Bausch + Lomb, Canon Inc., Carl Zeiss Meditec AG, Clearlab SG PTE, Ltd., EssilorLuxottica SA, Glaukos Corporation, Haag-Streit Holding, HEINE Optotechnik, Hoya Corporation, Johnson & Johnson Vision, Lumenis, Luneau Technology Group, Neo Vision, Nidek Co. Ltd., OcuLentis, STAAR Surgical Company, Topcon Corporation, Ziemer Ophthalmic Systems AG, Marco, Kowa Optimed. Inc., Oculus Inc., Reichert, Inc., Beye, LLC(Keeler), CSO srl, Takagi, Rexxam, Inami, Welch Allyn, Huvitz, Plusoptix, Tomey, Volk, Ellex Medical Laser Limited, Iridex Corp., Other Prominent players
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FREQUENTLY ASKED QUESTIONS

The Global Ophthalmic Devices Market is expected to reach USD 69.2 Billion by 2031.

Advanced surgical procedures such as multi-wavelength diabetic retinopathy treatment, ultrasound phacoemulsification, and femtosecond laser surgery are expected to increase the usage rate of this equipment. 

The dawn of technological advanced minimally invasive surgical treatments, such as LASIK surgery, is presumed to accelerate the demand for ophthalmic devices in future.

Lack of ophthalmic practitioners and high cost of the ophthalmic surgery procedures are some major factors hindering the growth of the ophthalmic devices market. 

Some of the latest surgical devices available in the market are Cataract Surgical Devices, Ophthalmic Viscoelastic Devices, Vitreoretinal Surgical Devices, Refractive Surgical Devices, Glaucoma Surgical Devices, Ophthalmic Microscopes, Ophthalmic Surgical and Accessories. 

The market is expected to grow at a CAGR of 6.9% in terms of revenue in the forecasted period 2023-2031.

Due to high stress and unhealthy lifestyles, the rapidly growing base of the elderly population and increasing prevalence of chronic eye diseases have led to diabetic retinopathy which have acted as a major driver to the market.

North America is the largest shareholder in the market.

Asia Pacific is expected to grow at the highest of 7.9% during the forecasted period.

Ophthalmology services were severely impacted negatively. Many of the operations are optional, and routine healthcare consultations were avoided to prevent individuals especially elderly at risk of developing Covid-19 symptoms. 

Key players in the ophthalmic devices market are Alcon, Bausch + Lomb, Carl Zeiss, Clearlab SG PTE, Ltd., Glaukos Corporation, Haag-Streit Holding, HEINE Optotechnik, Hoya Corporation, Johnson & Johnson Vision, Lumenis, and others.

The report provides market size estimates for period of 2018-2031. Wherein, 2018-2021 is the historic period. 2022 is the base year, and 2023-2031 is the forecast period. 

The report provides detailed segment level market size forecast and analysis based on multiple parameters. These include By Product (3 subsegments), By Vision Care (2 subsegments), By Surgical Devices (7 Sub Segments), B Diagnostic and Monitoring Devices (17 sub segments), By End Users (4 sub segments).

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