Ottawa, Oct. 11, 2022 (GLOBE NEWSWIRE) — The ophthalmic devices market size was valued at UNITED STATES DOLLAR 59. 1 billion in 2021. The particular ophthalmic devices market is a branch of medical science which functions with the various eye diseases and structure associated with the vision related products. These items gain a higher relevance in the particular current scenario due in order to the increasing number of vision related disorders. Due to the increase in the particular use associated with technological products diseases such as cataract and glaucoma have increased among the recent population.
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- By product, the particular OCT segment has held 21% revenue share within 2021.
- The ophthalmoscopes segment is poised to grow at a CAGR of 5. 4% from 2022 to 2030.
- Simply by application, the cataract section has kept 41. 9% revenue share in 2021.
- By end use, the particular hospitals & eye clinics segment has held 77% revenue discuss in 2021.
- The North America has held 44% income share in 2021.
- The particular Asia Pacific market is expected in order to grow in a CAGR of around 5. 9% in 2021.
Regional S napshots
The ophthalmic devices marketplace seen to develop along the regions of Europe, Asia Pacific cycles, The united states plus LAMEA. The United states ophthalmic devices market has shown the particular largest growth however the region of Asia Pacific has registered a CAGR of $4. 8 million during the forecast. Diabetic retinopathy is also expected to show a significant growth within the marketplace size associated with the ophthalmic devices market. Since this is a major cause of blindness in the US, the number of Americans suffering with this ailment is anticipated to be doubled in the near future. Asia Pacific is also foreseen to show a substantial progress throughout the forecast. The particular developing countries provide the great opportunity for this market.
Statement H ighlights
- The eyesight care portion has the largest market reveal and is expected to grow well in the during the particular forecast period. Increase in the patients along with the vision disorders using eyeglasses are shifting to contact lenses. Advances in the particular contact lenses is anticipated to create a more demand.
- The cataract segment dominated the market in the past and it is expected to witness a significant growth during the forecast time period. There will be a higher adoption of these devices and increasing cataract surgeries is driving the market.
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Scope of the Report
|Marketplace Size in 2021||USD 59. one Billion|
|Revenue Forecast simply by 2030||UNITED STATES DOLLAR 78. four Billion|
|North America Market Share in 2021||44%|
|Asia Pacific cycles Market Share inside 2021||21. 50%|
|CAGR||3. 19% through 2022 in order to 2030|
|Forecast Year||2022 to 2030|
|Key Players||Novartis AG, Essilor International S. A., Nidek Co., Ltd., Carl Zeiss Meditec AG, Valeant Pharmaceuticals World, Inc., Topcon Corporation, Hoya Corporation, HAAG-Streit Holding AG, Ziemer Ophthalmic Systems AG, Johnson & Johnson plus Others.|
Market D ynamics
The embrace the number of individuals suffering with diseases this kind of as diabetic retinopathy, myopia, macular degeneration, cataract and other varieties of ophthalmic disorders has led to the particular growth from the market associated with ophthalmic gadgets. The regional and national initiatives have led to the increase in the marketplace to the great extent. The higher amount of accurate diagnoses made by these ophthalmic devices helps in increasing the demand for these products in the market. The growing awareness among people regarding vision care has furthermore led to boost in the particular demand for such products. Cosmetic and aesthetic factors also have got contributed largely to the development of the ophthalmic devices marketplace.
The particular number of individuals opting for vision related surgeries is very low in the developing plus underdeveloped nations which leads in order to or decline in the current market. Individuals who are not able to afford search products avoid routine checkups pertaining to the particular higher rate. Limited product accessibility also leads in order to a decline on the market associated with the ophthalmic devices. Lack of awareness regarding health care facilities furthermore leads to a decrease within the quantity of people opting for such services. Moreover, the high cost of the instruments also increases the particular cost of the treatment which is unaffordable to many. Such high-cost limitations caused leads in order to the decrease ophthalmic devices market worldwide.
The increase in the particular number of ophthalmic treatment centers and frequent medical examinations conducted offers provided a great opportunity to the Ophthalmic devices marketplace. Also, the embrace the particular awareness about the benefits of these examinations conducted leads to a decrease in the number associated with people suffering with these diseases hence increase in the use of ophthalmic devices which helps this market to grow to a great degree. The other aspects contributing to the particular growth of the market are the increase in the particular number associated with ambulatory surgical center, super-specialty hospitals and other centers that help in increasing the usage of these ophthalmic devices. All these factors help to provide the great chance to the devices market during the particular forecast.
Lack of knowledge amongst the individuals regarding ophthalmic services provided by the hospitals leads in order to negligence of the eyesight related problems. Use associated with highly developed ophthalmic products increases the total price of the vision exams conducted; thus, they are avoided by the people of medium to lower socioeconomic background. The particular countries belonging to the particular developing plus underdeveloped category have a lack of facilities which provide ophthalmic tests and services, hence a decline in the market is seen in this region.
Recent D evelopments
- The increasing healthcare awareness among the people inside Mexico is helping the ophthalmic gadgets market to show a better growth. At the same time and increase in medical tourism is also helping the market to grow. Companies such as Alcon Inc., Hoya corporation, Johnson plus Johnson are usually the key players in the ophthalmic devices market. Convenient clinical equipment is increasingly used for clinical assessment of various vision associated disorders.
- Vision Care Products
- Contact lenses
- Soft contact lenses
- Rigid gas permeable lenses
- Hybrid disposable lenses
- Surgical products
- Cataract surgical gadgets
- Intraocular lenses
- Ophthalmic Viscoelastic devices
- Phacoemulsification products
- Cataract medical lasers
- IOL Injectors
- Cataract surgical gadgets
- Vitreoretinal surgical gadgets
- Vitrectomy machines
- Vitreoretinal packs
- Photocoagulation lasers
- Illumination devices
- Vitrectomy probes
- Refractive surgical devices
- Femtosecond lasers
- Excimer lasers
- Glaucoma operative devices
- Glaucoma drainage devices
- Microinvasive glaucoma surgery devices
- Glaucoma laser systems
- Ophthalmic microscopes
- Ophthalmic surgical accessories
- Surgical instruments & kits
- Ophthalmic forceps
- Ophthalmic spatulas
- Ophthalmic tips & handles
- Ophthalmic scissors
- Macular lens
- Ophthalmic cannulas
- Diagnostic and monitoring devices
- Optical Coherence Tomography Scanners
- Fundus Cameras
- Perimeters/Visual Field Analyzers
- Autorefractors & Keratometers
- Ophthalmic Ultrasound Imaging Systems
- A-scan ultrasound imaging systems
- B-scan ultrasound image resolution systems
- Ultrasound microscopes
- Slit Lamps
- Wavefront Abberometers
- Optical Biometry Systems
- Corneal Topography Techniques
- Chart Projectors
- Specular Microscopes
Simply by End User
- Hospitals & Eye Clinics
- Academic & Research Laboratories
- North America
- European countries
- Latin America
- Middle East & Africa (MEA)
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