The growing number of people with eye diseases, technological advancement in ophthalmic equipment, and the rising adoption of contact lenses and spectacles across the globe are the major factors driving the growth of this market.
The Ophthalmic
Equipment Market is projected to reach USD 65.8 Billion by
2027 from USD 56.4 Billion in 2022, at a CAGR of 3.1% during the forecast
period.
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Based on diagnostic and monitoring devices
type, the ophthalmic equipment market is segmented into optical coherence
tomography (OCT) scanners, ophthalmic ultrasound imaging systems, fundus
cameras, ophthalmoscopes, retinoscopes, wavefront aberrometers, corneal
topography systems, autorefractors and keratometers, phoropters, specular
microscopes, perimeter/visual field analyzers, tonometers, slit lamps,
lensmeters, optical biometry systems, and chart projectors. The OCT scanners
segment accounted for the major share of the ophthalmology diagnostic and
monitoring devices market and this segment is expected to register the highest
growth during the forecast period.
On the basis of ophthalmology surgical devices
type, the ophthalmic equipment market is segmented into cataract surgical
devices, glaucoma surgical devices, refractive surgical devices, vitreoretinal
surgical devices, ophthalmic microscopes, and accessories. The cataract
surgical devices segment accounted for the major share of the ophthalmology
surgical devices market. The large share of this segment is majorly attributed
to the growing number of eye disorders in the geriatric population.
North America is expected to account for
the largest share of the ophthalmic equipment market in 2022, followed by
Europe. The large share of this region is attributed to the presence of
developed healthcare systems in the US & Canada, increasing number of eye
disorders along with rising aging population, and availability of
technologically advanced ophthalmic devices.
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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)
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