Diagnostic And Monitoring Ophthalmic Devices And Equipment Market Share, Trends, Top Major Players, Drivers And Forecast To 2033

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The Business Research Company's Diagnostic And Monitoring Ophthalmic Devices And Equipment Global Market Report 2024 identifies increasing incidence of diabetes as the major driver for the diagnostic and monitoring ophthalmic devices and equipment market's growth in the forecast period. Diabetes is a chronic disease that occurs when the body cannot effectively use or produce enough insulin, a hormone that regulates blood sugar levels. Diagnostic and monitoring equipment in ophthalmic devices such as smart contact lenses can be used for both continuous glucose monitoring and the treatment of diabetic retinopathy. They can wirelessly monitor glucose levels and provide real-time data to the user.

The diagnostic and monitoring ophthalmic devices and equipment market size has grown rapidly in recent years. It will grow from $2.85 billion in 2023 to $3.18 billion in 2024 at a compound annual growth rate (CAGR) of 11.4%. The growth in the historic period can be attributed to aging population, advances in ophthalmic imaging, prevalence of eye diseases, diabetes epidemic.

The diagnostic and monitoring ophthalmic devices and equipment market size is expected to see rapid growth in the next few years. It will grow to $4.68 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%. The growth in the forecast period can be attributed to emerging markets growth, telemedicine and teleophthalmology, value-based healthcare, regulatory support and reimbursement. Major trends in the forecast period include artificial intelligence (AI) integration, portable and handheld devices, home monitoring solutions, 3d and wide-field imaging.

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Major competitors in the diagnostic and monitoring ophthalmic devices and equipment market are Carl Zeiss Meditec, Alcon Inc., Bausch + Lomb, Haag-Streit, Topcon Corporation, Nidek Co. Ltd., Abbott Medical Optics, Johnson and Johnson Vision Care.

A key trend in the diagnostic and monitoring ophthalmic devices and equipment market includes innovative advances in ophthalmic diagnostic and monitoring equipment. Major companies operating in the diagnostic and monitoring equipment in the ophthalmic devices market are developing innovative products such as Smart contact lenses by using smart soft contact lens technology to better serve patients. Smart soft contact lens technology is a recent development that enables the continuous 24-hour monitoring of intraocular pressure (IOP) in glaucoma care. For instance, in January 2023, BVS Sight Inc., a US-based company launched Smart contact lenses by using smart soft contact lens technology. Smart soft contact lenses are built upon various commercial brands of soft contact lenses without altering their intrinsic properties such as lens power, biocompatibility, softness, transparency, wettability, oxygen transmissibility, and overnight wearability.

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The diagnostic and monitoring ophthalmic devices and equipment market is segmented -
1) By Product Type: Optical coherence tomographers, Ophthalmic ultrasound imaging systems, Fundus cameras, Ophthalmoscopes, Keratometers, Specular microscopes., Tonometers, Slit Lamps, Retinoscopes, Other products (Dioptometers, Optotype projector, Perimeters, and Biometers,Pachymeters,Autorefractors/phoropters, Corneal topographers, Wavefront abberometers,Wavefront abberometers)

2) By Application: Retinal evaluation, Glaucoma detection and monitoring, Surgical evaluation, General examine, Intraoperative devices, Refraction equipment

3) By End User: Hospitals, Clinics, Diagnostic Laboratories, Research Centers

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the diagnostic and monitoring ophthalmic devices and equipment market.

The Business Research Company's "Global Diagnostic And Monitoring Ophthalmic Devices And Equipment Market Report 2024" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Diagnostic And Monitoring Ophthalmic Devices And Equipment Market Include:
1. Executive Summary
2. Diagnostic And Monitoring Ophthalmic Devices And Equipment Market Characteristics
3. Diagnostic And Monitoring Ophthalmic Devices And Equipment Market Trends And Strategies
4. Diagnostic And Monitoring Ophthalmic Devices And Equipment Market - Macro Economic Scenario
5. Global Diagnostic And Monitoring Ophthalmic Devices And Equipment Market Size and Growth
………
31. Global Diagnostic And Monitoring Ophthalmic Devices And Equipment Market Competitive Benchmarking
32. Global Diagnostic And Monitoring Ophthalmic Devices And Equipment Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Diagnostic And Monitoring Ophthalmic Devices And Equipment Market
34. Diagnostic And Monitoring Ophthalmic Devices And Equipment Market Future Outlook and Potential Analysis
35. Appendix

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