United States – Some of the Major Players involved in the research and development of Ophthalmology Devices market are; Essilor International, Alcon Inc., Johnson & Johnson, Bausch & Lomb, Inc., Abbott Medical Optics Inc, Haag-Streit, Carl Zeiss Meditec AG, Topcon Corporation, Ziemer Ophthalmic Systems AG  and Nidek Co. Ltd. The key strategies adopted by these players in this market are agreements, collaborations, product launches, partnerships, growing presence in emerging markets to increase their revenue

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Global Ophthalmology Devices market is valued at USD 31.5 billion in 2015. The ophthalmic devices are designed for vision correction, surgical, and diagnosis. These devices increased adoption and importance owing to rising prevalence of several ophthalmic diseases such as cataract, glaucoma, and other vision-related issues.  The growth is primarily driven by the increase in technological advancements such as mydriatic fundus cameras, intraocular lenses, and OCT devices, Lasers usage in the treatment of several eye disorders especially diabetic retinopathy and cataract, Research & Development activities in Ophthalmology Devices. Furthermore, convenience to eye care and lack of awareness in emerging region are the major challenges to market growth. Key opportunity is the less adoption of premium intra ocular lenses and phacoemulsification devices in the emerging countries.

The pandemic of COVID-19 has also reduced the availability of and demand for non-COVID-19-related medical treatment. A wide range of treatments, including emergency care for acute diseases, routine check-ups, and recommended cancer screenings, are being postponed or avoided by patients. Undiagnosed illnesses and a failure to intervene early will have serious long-term health consequences. COVID-19 has accelerated a variety of existing and emerging healthcare trends, including changing consumer attitudes and habits, the convergence of life science and health care, rapid advances in digital health technologies, and new talent and care delivery models, to name a few.

Product: § Diagnostic and Monitoring Devices § Ophthalmology Surgery Devices § Vision Care

Regions: § North America o U.S. o Canada § Europe o UK o Germany o France § Asia Pacific o China o India o Japan § Latin America o Brazil o Mexico § Rest of the World

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On the basis of product type, the market is segmented into vision care devices, surgical devices, and diagnostic & monitoring devices. In 2015, the vision care devices segment accounted for the highest share of this market and is expected to grow at a CAGR of around 3% during the forecast period.

On the basis of diagnostic & monitoring devices, the market is segmented into the corneal topoghaphers, ophthalmic ultrasound imaging systems, optical coherence tomography scanners, ophthalmoscopes, retinoscopes, Fundus cameras, wavefront aberrometers, autorefractors/phoropters, specular microscopes, keratometers, tonometers, slit lamps, and perimeters/visual field analyzers. This segment is anticipated to grow at a CAGR of above 6.0% during the forecast period. In 2015, the optical coherence tomography scanners segment is the major segment of the ophthalmology diagnostic and monitoring devices market.

The global market is dominated by North America region followed by Asia Pacific and Europe. In 2015, North America dominated the market at above 35% due to the presence of major distribution channels, rising adoption of advanced ophthalmic devices, and presence of major companies in this region. The Asia-Pacific region is projected to witness the high growth in the market due to, the increasing per capita income, improving healthcare infrastructure, and increasing geriatric population. Furthermore, manufacturers are growing focus on their presence in emerging countries.

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