Ophthalmology Devices Market is Valued at USD 76.46 Billion During the Forecast Period 2029

Ophthalmology Devices Market analysis report covers detailed value chain analysis of the market. The value chain analysis helps to analyze major upstream raw materials, major equipment's, manufacturing process, and downstream customer analysis and major distributor analysis are mentioned in the report along with all the drivers and restraints for the market. It presents a comparative detailed analysis of all regional and player segments, offering readers a better knowledge of the areas in which they can place their existing resources and gauging the priority of a particular region in order to boost their standing in the market.

There has been surging cases of age-related eye diseases such as diabetic retinopathy, macular degeneration, cataract and glaucoma across the globe. According to different studies of these disorders, the prevalence of cataract, AMD, open-angle glaucoma, DR, and visual impairment is high, especially in persons over 75 years old. The increased eye diseases cases have resulted in increased demand for the effective treatment of these diseases, which further drives the adoption of ophthalmology devices across various end users. Furthermore, the increase in technological developments, including introducing intraocular lenses (IOLs), will accelerate the market expansion within the forecasted timeline.

Global ophthalmology devices market was valued at USD 55.01 billion in 2021 and is expected to reach USD 76.46 billion by 2029, registering a CAGR of 4.20% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Ophthalmology is basically a medical specialty that studies the eyes' structure, function, and diseases. Ophthalmic devices are the medical devices that are generally utilized for the vision correction, surgery, and diagnosis. The rising prevalence of ophthalmic disorders such as glaucoma, cataracts, and other vision-related issues, results in increased popularity and awareness regarding their benefits.

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Global Ophthalmology Devices Market Scope

The ophthalmology devices market is segmented on the basis of product type, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

Vision Care Devices

Surgery Devices

Diagnostic and Monitoring Devices

Application

Vision Care

Ophthalmic Wound care

Cataract Surgery

Oculoplastic

Others

End User

Hospitals

Diagnosis Clinics

Franchise Optical Stores

Eye Research Institutes

Government Agencies and Academics

Competitive Landscape and Ophthalmology Devices Market Share Analysis

The ophthalmology devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to ophthalmology devices market.

Some of the major players operating in the ophthalmology devices market are EssilorLuxottica (France), Alcon Management S. A. (U.S), Johnson & Johnson Vision (U.S), HOYA Corporation (Japan), Bausch + Lomb (US), Zeiss (Germany), Neo Vision Foundation (Korea), Lumenis Be Ltd. (Israel), ClearLab (Singapore), OPHTEC BV (Netherlands), HEINE Optotechnik GmbH & Co. KG (Germany), Topcon (Japan), Glaukos Corporation (U.S), Haag-Streit Group (Switzerland), NIDEK Co. Ltd., (Japan), STAAR Surgical (US), Ziemer Ophthalmic Systems (Switzerland), Oculentis (Germany), Heidelberg Engineering GmbH (Germany), Canon India Pvt Ltd. (Japan) and LuneauTech (France) among others.

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