Ophthalmic Equipment Market to explode in next 5 years: China’s Ophthalmic Equipment Market is growing twice as fast as the U.S.

Global Ophthalmic Equipment Market report examines the market position and viewpoint of the market globally, from various angles, such as key players, geological regions, types of product and application. And also cover the other information such as Ophthalmic Equipment Market trends, Top players, chapter-wise Description followed by various user perceptions and Forecast till 2023.

Global Ophthalmic Equipment Market Overview:

Ophthalmic diseases are characterized by the impairment of vision. Some of the common symptoms of the disease include eyestrain, red eyes, and others. Glaucoma, amblyopia, macular degeneration, and cataract are amongst the major concerns for the providers of healthcare services. Therapeutic modalities for the treatment of the disease are based on the application of various corrective and surgical ophthalmic equipment.

In the recent years, the prevalence of ophthalmic diseases has increased. This generated a huge demand for therapeutic modalities of the disease. A variety of ophthalmic equipment are present in the market which can be effectively utilized by the providers of healthcare services, so as to meet the growing healthcare demand. The growth of the ophthalmic equipment market is majorly attributed to the increasing prevalence of ophthalmic diseases and eye-related disorders. On the other hand, less awareness about eye-related diseases may hamper the market growth during the forecast period.

Furthermore, as per the report published by CDC in 2017, one of the leading causes of blindness in the United States is glaucoma. Around 2.7 million Americans are affected by glaucoma. According to the American Cancer Society, around 4% of all types of cancers in the United States is lymphoma, and it is also estimated that in 2018, about 74,680 people including both adults and children are likely be diagnosed with lymphoma and around 19,910 people are likely to die due to the disease. According to the American Cancer Society, the chances of getting multiple myeloma in the United States is 1 in 143 that is 0.7% and it is also estimated that in 2018, around 30,770 new cases are likely to be diagnosed and around 12,770 may die due to the disease.

Global ophthalmic equipment market is expected to register a CAGR of ~5.4% during the forecast period.

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Foremost Players:

Some of the key players in this market are Alcon (U.S.), Bausch & Lomb (U.S.), Carl Zeiss Meditec (Germany), Johnson & Johnson (U.S.), Essilor International S.A. (France), Haag-Streit (Switzerland), Nidek (Korea), Staar Surgical (U.S.), Topcon Corporation (Japan), Ziemer Ophthalmic Systems (Switzerland), Hoya Corporation (Japan), Ridex Corporation (U.S.), and others.


Market Segmentation:

The global ophthalmic equipment market is segmented on the basis of product, application, and end-user.

On the basis of product, the market is segmented into vision care devices, ophthalmology surgical devices, diagnostic and monitoring devices, and others. Vision care devices a segmented into spectacles and contact lens. Contact lenses are further segmented into soft contact lenses, Rigid Gas Permeable lenses (RGP), and hybrid contact lenses. Ophthalmology surgical devices are segmented into cataract surgical devices, vitreoretinal surgical devices, refractive surgical devices, glaucoma surgical devices, ophthalmic microscopes, ophthalmic accessories, and others. Cataract surgical devices are further segmented into Intraocular Lenses (IOLS), Ophthalmic Viscoelastic Devices (OVDS), phacoemulsification devices, cataract surgical lasers, and others. The vitreoretinal surgical devices segment is further segmented into vitreoretinal packs, vitrectomy machines, photocoagulation lasers, illumination devices, vitrectomy probes, and others. The refractive surgical devices segment is further segmented into femtosecond lasers, excimer lasers, and others. Glaucoma surgical devices are further segmented into Glaucoma Drainage Devices (GDDS), and micro-invasive glaucoma surgical devices. Ophthalmic accessories are further segmented into surgical instruments and kits, ophthalmic forceps, ophthalmic spatulas, ophthalmic tips and handles, ophthalmic scissors, macular lenses, ophthalmic cannulas, and others. Diagnostic and monitoring devices are segmented into optical coherence tomography scanners, fundus cameras, perimeters/visual field analyzers, autorefractors and keratometers, ophthalmic ultrasound imaging systems, tonometers, slit lamps, phoropters, wavefront aberrometers, optical biometry systems, ophthalmoscopes, lensmeters, corneal topography systems, chart projectors, specular microscopes, retinoscopes, and others. Ophthalmic ultrasound imaging systems are further segmented into ophthalmic A-scan ultrasound, ophthalmic b-scan ultrasound, ophthalmic ultrasound biomicroscopes, and ophthalmic pachymeters. On the basis of application, the market is segmented into glaucoma, amblyopia, cataract, retinal detachment, and others. On the basis of end-user, the market is segmented into hospitals, ophthalmology clinics, diagnostic centers, research centers, and others.

Global Ophthalmic Equipment Market — Regional Analysis

The Americas dominates the global ophthalmic equipment market owing to the increasing prevalence of ophthalmic diseases and presence of a well-developed healthcare sector within the region. Moreover, the increasing healthcare expenditure and presence of key players within the regional boundaries provide a favorable background for the market growth.

Europe is the second largest in the global ophthalmic equipment market. Factors such as the increasing availability of funds for research and a huge patient population followed by a well-developed healthcare sector drive the market within the region.

Asia Pacific is estimated to be the fastest growing market for ophthalmic equipment. This can be attributed to the presence of developing economies such as India and China and a huge patient population suffering from ophthalmic diseases. Moreover, the increasing healthcare expenditure and a rapidly developing healthcare sector boost the market growth within the region.

On the other hand, the Middle East and Africa has the least share in the global ophthalmic equipment market due to the low per capita healthcare expenditure and stringent government policies, especially within the African region. It is estimated that the Middle East holds a majority of the market within the Middle Eastern and African region.

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LIST OF TABLES

Table 1 Ophthalmic Equipment Industry Synopsis, 2017–2023
Table 2 Global Ophthalmic Equipment Market Estimates And Forecast, 2017–2023, (USD Million)
Table 3 Global Ophthalmic Equipment Market, By Region, 2017–2023, (USD Million)
Table 4 Global Ophthalmic Equipment Market, By Application, 2017–2023, (USD Million)
Table 5 Global Ophthalmic Equipment Market, By Product, 2017–2023, (USD Million)
Table 6 Global Ophthalmic Equipment Market, By End-User, 2017–2023, (USD Million)
Table 7 North America Ophthalmic Equipment Market, By Application, 2017–2023, (USD Million)
Table 8 North America Ophthalmic Equipment Market, By Product, 2017–2023, (USD Million)
Table 9 North America Ophthalmic Equipment Market, By End-User, 2017–2023, (USD Million)
Table 10 U.S. Ophthalmic Equipment Market, By Application, 2017–2023, (USD Million)
Table 11 U.S. Ophthalmic Equipment Market, By Product, 2017–2023, (USD Million)
Table 12 U.S. Ophthalmic Equipment Market, By End-User, 2017–2023, (USD Million)
Table 13 Canada Ophthalmic Equipment Market, By Application, 2017–2023, (USD Million)
Table 14 Canada Ophthalmic Equipment Market, By Product, 2017–2023, (USD Million)
Table 15 Canada Ophthalmic Equipment Market, By End-User, 2017–2023, (USD Million)

LIST OF FIGURES:

Figure 1 Research Process
Figure 2 Segmentation For Global Ophthalmic Equipment Market
Figure 3 Segmentation Market Dynamics For Ophthalmic Equipment Market
Figure 4 Global Ophthalmic Equipment Market Share, By Application 2016
Figure 5 Global Ophthalmic Equipment Market Share, By Product 2016
Figure 6 Global Ophthalmic Equipment Market Share, By End-User, 2016
Figure 7 Global Ophthalmic Equipment Market Share, By Region, 2016
Figure 8 North America Ophthalmic Equipment Market Share, By Country, 2016
Figure 9 Europe Ophthalmic Equipment Market Share, By Country, 2016
Figure 10 Asia Pacific Ophthalmic Equipment Market Share, By Country, 2016
Figure 11 Middle East & Africa Ophthalmic Equipment Market Share, By Country, 2016
Figure 12 Global Ophthalmic Equipment Market: Company Share Analysis, 2016 (%)
Figure 13 Alcon: Key Financials
Figure 14 Alcon: Segmental Revenue
Figure 15 Alcon: Geographical Revenue

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