December 20th, 2021 Coherent Market Insights Releases
Ophthalmology is the branch of medical science that deals with anatomy, physiology and diseases of the eye. Major eye diseases include haloes, eyelid abnormalities, distorted vision, glaucoma, cataract and retinal disease. The ophthalmic devices market is segmented on the basis of various diagnostic and monitoring devices, surgical devices and vision care products. These segments comprise several devices used for treatment of eye diseases. The diagnostic and monitoring device segment is further sub-segmented into fundus cameras, optical coherence tomography scanners, ophthalmic ultrasound imaging systems, tonometers, slit lamps and corneal topographers. The surgical device segment includes refractive devices, vitreoretinal surgery devices, cataract, and glaucoma devices.
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The global ophthalmic devices market is estimated to be valued at US$ 48,726.0 million in 2018 and is expected to witness a CAGR of 4.3% over the forecast period (2018–2026).
Global Ophthalmic Devices Market: Drivers
The global ophthalmic devices market growth is driven by high prevalence of vision impairment worldwide. For instance, around 1.3 billion people globally suffer from some form of vision impairment, annually, according to World Health Organization (2018).
Moreover, high prevalence of eye disorders is also expected to aid in growth of the global ophthalmic devices market over the forecast period. For instance, according to National Eye Institute’s projections, the number of people in the U.S. with cataract is expected to reach 50 million in 2050.
North America is expected to witness significant growth in the global ophthalmic devices market, owing to high prevalence of eye disorders in the region. For instance, over 3 million people in the U.S. suffered from glaucoma, of which 2.7 million – aged 40 and older – are affected by its most common form, open-angle glaucoma, according to the BrightFocus Foundation’s June 2017 findings.
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Europe is also expected to witness significant growth in the global ophthalmic devices market, owing to high prevalence of diabetes in the region. For instance, according to the International Diabetes Federation, 59,322,100 suffered from diabetes in Europe in 2019, and the number is expected to reach 68,121,400 in 2045.
Asia Pacific is expected to witness significant growth in the global ophthalmic devices market, owing to high prevalence of bilateral blindness in the region. For instance, according to the data published by the Indian Journal of Ophthalmic in September 2018, cataract is responsible for 50–80% of bilateral blindness in India. Moreover, government initiatives such as the National Program for Control of Blindness (NPCB) and Vision 2020 are aimed at eliminating preventable blindness at the national level.
The ophthalmic imaging devices in the refurbished form in the ophthalmic devices segment witnessed high demand due to low production & material cost. However, this adversely affects the sales of manufacturer build or OEM build ophthalmic devices. For instance, refurbished diagnostic imaging equipment accounted for 75.5% of the global demand for refurbished medical devices, in 2015, according to the Refurbishment of Medical Equipment Report published by European Commission in August 2017.
Global Ophthalmic Devices Market: Competitive Landscape
Major players operating in the global ophthalmic devices market include, Carl Zeiss Meditec Group, Escalon Medical Corp., Essilor International S.A., Haag-Streit AG, Heidelberg Engineering GmbH, Heine Optotechnik GmbH & Co. KG, Luneau Technology Group, NIDEK CO., LTD., Quantel Medical SAS, Luneau Technology Group, and Topcon Corporation.
Global Ophthalmic Devices Market: Segmentation
On the basis of product type, the global ophthalmic devices market is segmented into:
On the basis of end user, the global ophthalmic devices market is segmented into:
On the basis of region, the global ophthalmic devices market is segmented into:
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Chapter 1 Industry Overview 1.1 Definition 1.2 Assumptions 1.3 Research Scope 1.4 Market Analysis by Regions 1.5 Global Ophthalmic Devices Market Size Analysis from 2021 to 2027 11.6 COVID-19 Outbreak: Ophthalmic Devices Industry Impact
Chapter 2 Global Ophthalmic Devices Competition by Types, Applications, and Top Regions and Countries 2.1 Global Ophthalmic Devices (Volume and Value) by Type 2.3 Global Ophthalmic Devices (Volume and Value) by Regions
Chapter 3 Production Market Analysis 3.1 Global Production Market Analysis 3.2 Regional Production Market Analysis
Chapter 4 Global Ophthalmic Devices Sales, Consumption, Export, Import by Regions (2016-2021) Chapter 5 North America Ophthalmic Devices Market Analysis Chapter 6 East Asia Ophthalmic Devices Market Analysis Chapter 7 Europe Ophthalmic Devices Market Analysis Chapter 8 South Asia Ophthalmic Devices Market Analysis Chapter 9 Southeast Asia Ophthalmic Devices Market Analysis Chapter 10 Middle East Ophthalmic Devices Market Analysis Chapter 11 Africa Ophthalmic Devices Market Analysis Chapter 12 Oceania Ophthalmic Devices Market Analysis Chapter 13 South America Ophthalmic Devices Market Analysis Chapter 14 Company Profiles and Key Figures in Ophthalmic Devices Business Chapter 15 Global Ophthalmic Devices Market Forecast (2021-2027) Chapter 16 Conclusions Research Methodology Continued….
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