How the Ophthalmic Equipment Market Players Raised the Investment till US$ 58.44 Billion by FY 2023 ?

Report analyzes various types of ophthalmic equipment in market and their adoption patterns. It aims at estimating market size & future growth potential of ophthalmic equipment market for different segments like product, end user, and region. Report also includes an in-depth competitive analysis of key players in this market along with their company profiles, recent developments, SWOT analysis, and market strategies.

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The ophthalmic equipment market was valued at USD 47.73 Billion in 2017 and is expected to reach USD 58.44 Billion by 2023, at a CAGR of 3.5%. Growth in this market is primarily due to the rapid growth in the geriatric population, rising prevalence of eye diseases, technological advancements in ophthalmic devices, increasing government initiatives to control visual impairment, and increasing adoption of contact lenses and spectacles.

The study is a collection of case studies to help you get an insight on the typical history and initial examination of various ophthalmic disorders. Ophthalmic medical technicians—also known as allied ophthalmic personnel—work with an ophthalmologist (eye doctor) to provide patient care by performing eye-related clinical tasks.

Optometry equipment market are usually operated by optometrist or ophthalmologist to examine, diagnose, treat, and manage diseases and disorders of the visual system, the eye, and deformities associated with eye structures as well as diagnose eye related systemic disorders. Optometry equipment include set of equipment used for cornea and cataract examination, retina and glaucoma examination and for general examination purposes.

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The ophthalmic equipment market is majorly segmented into diagnostic and monitoring devices, surgical devices, and vision care products. The vision care products segment accounted for the largest share of the ophthalmic equipment market in 2017. The high prevalence of eye disorders such as myopia, hyperopia, astigmatism, and presbyopia is a key driver for market growth in this segment.

Geographically, the ophthalmic equipment market is broadly segmented into five major geographies, namely, North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East & Africa. In 2017, North America commanded a major share of the ophthalmic equipment market.

Prominent players in the ophthalmic equipment market include Essilor (France), Alcon (Switzerland), Johnson & Johnson Vision Care (US), Bausch + Lomb (US), Haag-Streit (Switzerland), TOPCON (Japan), Carl Zeiss Meditec (Germany), NIDEK (Japan), STAAR Surgical (US), HOYA (Japan), and Ziemer Ophthalmic Systems (Switzerland).

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Ophthalmic Equipment Market, Competitive Landscape covered Overview, Market Share Analysis, 3 Ophthalmology Diagnostic and Monitoring Devices Market, Optical Coherence Tomography (OCT) Scanners, Ophthalmology Surgery Devices Market, Cataract Surgery Devices Market, Glaucoma Surgery Devices Market, Refractive Surgery Devices Market, Contact Lenses Market, Competitive Situation and Trends, Product Launches Agreements, Partnerships, and Collaborations.

Geographically, North America represented the largest regional market in 2017, followed by Europe. Although, North America will continue to dominate the ophthalmic equipment market during the forecast period, the Asia Pacific (APAC) region is expected to be the fastest-growing market in the coming years.

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