According to the new market research report "Ophthalmic Equipment Market by Product (OCT, Fundus Camera, Ultrasound, Ophthalmoscope, Phoropter, Slit Lamp, Perimeter, Keratometer, Tonometer, IOL, Excimer Laser, OVDs, Phacoemulsification) End User (Hospital, Consumer) - Global Forecast to 2025", published by MarketsandMarkets™, the market size is projected to reach USD 63.3 billion by 2025 from USD 52.8 billion in 2020, at a CAGR of 3.7% during the forecast period. The rapid growth in the geriatric population, rising prevalence of eye diseases, and technological advancements in ophthalmic devices are the major factors driving the growth of this market.
Browse and in-depth TOC on "Ophthalmic
Equipment Market"
391 - Tables
41 - Figures
372 - Pages
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The vision care products segment is expected for the
largest share of the Ophthalmic Equipment Market in 2019.
Based on product, the Ophthalmic Equipment Market is
categorized mainly into diagnostic & monitoring devices, surgical devices,
and vision care products. In 2019, the vision care products segment was
expected to account for the largest share of the Ophthalmic Equipment Market.
The large share of this segment can primarily be attributed to the high
prevalence of eye disorders such as myopia, hyperopia, astigmatism, and
presbyopia. In addition to this, technological advancements in lens materials,
growing awareness about eyesight correction, and rising trends in eyewear, such
as styled sunglasses and advanced contact lenses boasting extra comfort, have
further stimulated the adoption of vision care products.
By end user, the specialty clinics & ambulatory
surgery centers (ASCs) segment is expected to grow at the highest CAGR during
the forecast period.
Based on end-user, the Ophthalmic Equipment Market
is segmented into consumers, hospitals, specialty clinics & ambulatory
surgery centers (ASCs), and other end users. specialty clinics & ambulatory
surgery centers (ASCs) are expected to grow at the highest CAGR during the
forecast period. This growth can be attributed to the rising number of cataract
surgeries performed in these facilities due to their cost-effectiveness.
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North
America to hold the largest regional market share in
2019.
North
America is expected to account for the largest share
of the Ophthalmic Equipment Market in 2019, followed by Europe.
The large share of North
America can be attributed to the rising prevalence of
ocular disorders, growth in the geriatric population, increase in healthcare
expenditure, and technological advancements in ophthalmic equipment. In
addition, factor such as the growing awareness and uptake of ophthalmic
treatments and surgeries and the availability of advanced ophthalmic devices in
this region are also driving the growth of the Ophthalmic Equipment Market
in North America.
The prominent players in Ophthalmic Equipment Market are EssilorLuxottica (France), Alcon (US), Johnson & Johnson Vision Care (US), HOYA Corporation (Japan), Bausch + Lomb (US), Carl Zeiss Meditec (Germany), Topcon (Japan), Glaukos Corporation (US), Haag-Streit (Switzerland), NIDEK (Japan), STAAR Surgical (US), Ziemer Ophthalmic Systems (Switzerland), CooperVision, Inc. (US), Oculentis (Germany), Heidelberg Engineering (Germany), Canon (Japan), Optovue (US), Neo Vision (Korea), Lumenis (Israel), Reichert Technologies (US), OPHTEC BV (Netherlands), Heine Optotechnik (Germany), and Luneau Technology (France)
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