Ophthalmic Devices Marketplace
The global ophthalmic devices market size reached US$ 25. 19 Billion in 2021. By 2027, it will reach US$ 33. 42 Billion, growing at a CAGR of 4. 50% (2022-2027).
SHERIDAN, WYOMING, USA, November 16, 2022 / EINPresswire. com / — The latest research study “Ophthalmic Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global ophthalmic devices market size reached US$ 25. 19 Billion in 2021. Looking forward, IMARC Team expects the market to reach US$ 33. 42 Billion dollars by 2027, exhibiting a growth rate (CAGR) of 4. 50% during 2022-2027.
What is Ophthalmic Products?
Ophthalmic products refer to medical instruments used for surgical diagnosis and vision correction. They consist of contact lenses, diagnostics, implants, contact lens care products, intraocular lenses (IOLs), phacoemulsification systems, artificial tears, lasers, plus surgical instruments. Ophthalmic devices are utilized in order to diagnose and cure visual deficits or abnormalities plus other eye diseases. In addition , they aid in making the particular eye-treatment process more suitable for ophthalmologists and patients by reducing therapy time and providing high-quality care. As a result, ophthalmic devices find widespread applications across hospitals, eye clinics, and academic and research laboratories.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Ophthalmic Gadgets Market Styles and Drivers:
The escalating prevalence associated with eye diseases, such as cataracts and glaucoma, is among the particular primary factors driving the ophthalmic gadgets market. Besides this, the particular extensive utilization of laptops, smartphones, computers, and e-readers is further augmenting the market growth. Moreover, the growing popularity of intraocular lenses (IOLs) to replace the natural lens associated with eyes for restoring both near plus distant vision and the expanding healthcare industry are usually also catalyzing the global market.
Apart from this, the particular development of novel devices to treat eyesight errors and the rising awareness about ophthalmic devices among individuals are acting as significant growth-inducing factors. Additionally , the elevating requirement with regard to micro-invasive glaucoma (MIGs) medical implants to treat mild to moderate glaucoma and the increasing training and education among vision care professionals to cure eyesight illnesses and connected complications are also stimulating the marketplace growth.
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Furthermore, the launch associated with several policies by the particular government bodies in order to promote attention health is expected to bolster the ophthalmic products market in the coming years.
Global Ophthalmic Devices Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the particular key players operating inside the market.
Ophthalmic Devices Companies:
Bausch & Lomb Incorporated (Bausch Health Companies Inc. )
Carl Zeiss Meditec AG
EssilorLuxottica SA
Haag-Streit Group
HOYA Surgical Optics GmbH (Hoya Corporation)
Leica Microsystems GmbH (Danaher Corporation)
Nidek Co Ltd.
Topcon Corporation
Volk Optical Inc.
Ziemer Ophthalmic Systems AG.
The particular report has segmented the market on the basis of region, product type, application and end use.
Breakup by Product Type:
• Surgical
o Implants
o Consumables
o Equipment
• Vision Care
o Contact Lens
o Ocular Wellness
Separation by Application:
• Cataract
• Vitreo Retinal Disorders
• Glaucoma
• Refractor Disorders
Break up by End Use:
• Hospitals plus Eye Clinics
• Academic and Research Laboratory
• Others
Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
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Key highlights of the particular report:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter’s Five Forces Analysis
• Market Motorists and Success Factors
• SWOT Evaluation
• Value Chain
• Comprehensive Mapping from the Competitive Landscape
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