Ophthalmic equipment are majorly used at the surgical holdings and these instruments are of wider range. These instruments are specially used and designed to prevent the possible damage to the diseases, eye damage, or also injuries. The key instruments used by the ophthalmologists are the needle holders, the iris scissors, and the forceps. Ideal care and cleaning of these instruments is important since it reduces the risk of the hospital-acquired infection. Irrespective of these instruments are used in hospitals, clinics, or at a surgical center, the same cleaning process is used. This process includes sterilization, decontamination, cleaning, quality control, and better storage.
Ophthalmic equipment market is estimated to be over US$ 50 Bn in 2018. It is anticipated to grow at a substantial CAGR from 2019 to 2030.
The continuous growth of the ophthalmic equipment market can be attributed to increase in eye related diseases such as glaucoma, cataract, diabetic retinopathy and others. In addition, factors such as rapid technological advancements, technological advanced minimally invasive surgeries, such as LASIK surgery, increasing geriatric population and rising Age-related macular degenerations (AMD) are expected to boost the global ophthalmic equipment market. In 2018, according to National Eye Institute, in U.S. among older white Americans, more than 14 percent of white Americans age 80 and older affected by AMD. However, high cost of contact lenses, ophthalmic equipment and risks associated with it, coupled with lack of skilled ophthalmologists, and poor reimbursement policies for ophthalmic equipment restraint the growth of the target market.
Major Key Players of the Ophthalmic Equipment Market are:
Essilor, Alcon (Novartis AG), Johnson & Johnson, Bausch Health, Haag-Streit Group, TOPCON CORPORATION, Carl Zeiss, Meditec AG, STAAR Surgical Company, Ziemer Ophthalmic Systems & HOYA Corporation among others.
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According to World Health Organization, approximately 1.3 billion people are living with some form of distance or near vision impairment across the globe. The majority of people with vision impairment are over the age of 50 years. Increase in population growth and ageing will lead to the rise in the risk of more people being afflicted by vision impairment. Vision impairment can be caused by diseases such as glaucoma, cataract, and diabetic retinopathy. Subsequently, increasing prevalence of these diseases related to eyes is expected to propel the growth of the ophthalmic equipment market across the globe.
The Ophthalmic Equipment Market is segmented on the basis of Product, Usage, End User and region.
Major Product of Ophthalmic Equipment Market covered are:
- Diagnostic and Monitoring Devices
- Cataract Surgical Devices
- Glaucoma Surgical Devices
- Refractive Surgical Devices
- Vitreoretinal Surgical Devices
- Ophthalmic Microscopes
- Ophthalmic Accessories
- Vision Care Products
Major Usage of Ophthalmic Equipment Market covered are:
- Reusable Instruments
- Disposable Instrum
Major Applications of Ophthalmic Equipment Market covered are:
- Hospitals
- Specialty Clinics
- Ambulatory Surgical Centers (ASCs)
- Consumers
LASIK surgery is used to improve vision and reduces a persons need for glasses or contact lenses. In 2018, according to National Centre for Biotechnology Information, improvement shown in excimer laser technology that is used in LASIK surgery performed for corneal ablation provides superior results compared to microkeratomes and earlier lasers. The growing geriatric population leads to increasing burden on health systems and which results in ailment of the eye. According to World Health Organization, the proportion of the worlds population over 60 years will nearly double from 12% to 22% between 2015 and 2050. This is also expected to drive growth of the ophthalmic equipment market.
Research objectives:-
– To study and analyze the global Ophthalmic Equipment consumption (value & volume) by key regions/countries, product type and application, history data.
– To understand the structure of the Ophthalmic Equipment market by identifying its various sub-segments.
– Focuses on the key global Ophthalmic Equipment manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
– To analyze the Ophthalmic Equipment with respect to individual growth trends, future prospects, and their contribution to the total market.
– To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
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Table of Contents
- INTRODUCTION
- Market Definition
- Market Ecosystem
- Currency Used
- RESEARCH METHODOLOGY
- Research Framework
- Data Collection Technique
- Data Sources
- Market Estimation Methodology
- Data Validation and Triangulation
- ABSTRACT OF THE STUDY
- MARKET DYNAMICS ASSESMENT
- Overview
- Drivers
- Barriers/Challenges
- UNIQUE SELLING PROPOSITIONS (USPs)
- Technological Advancements
- GLOBAL OPHTHALMIC EQUIPMENT MARKET – ANALYSIS & FORECAST, BY PRODUCT
- Diagnostic and Monitoring Devices
- Optical Coherence Tomography (OCT) Scanners
- Ophthalmic Ultrasound Imaging Systems
- Fundus Cameras
- Ophthalmoscopes
- Retinoscopes
- Wavefront Aberrometers
- Corneal Topography Systems
- Autorefractors and Keratometers
- Phoropters
- Specular Microscopes
- Perimeters/Visual Field Analyzers
- Tonometers
- Slit Lamps
- Lensmeters
- Optical Biometry Systems
- Chart Projectors
- Cataract Surgical Devices
- Intraocular Lenses (IOLs)
- Ophthalmic Viscoelastic Devices (OVDs)
- Phacoemulsification Devices
- Cataract Surgery Lasers
- IOL Injectors
- Glaucoma Surgical Devices
- Glaucoma Drainage Devices
- Glaucoma Laser Systems
- Microinvasive Glaucoma Surgery Devices
- Refractive Surgical Device
- Femtosecond Lasers
- Excimer Lasers
- Other Refractive Surgical Lasers
- Vitreoretinal Surgical Devices
- Vitrectomy Machines
- Vitreoretinal Packs
- Photocoagulation Lasers
- Illumination Devices
- Vitrectomy Probes
- Ophthalmic Microscopes
- Ophthalmic Accessories
- Surgical Instruments and Kits
- Ophthalmic Forceps
- Ophthalmic Spatulas
- Ophthalmic Tips and Handles
- Ophthalmic Scissors
- Macular Lenses
- Ophthalmic Cannulas
- Other Ophthalmic Accessories
- Vision Care Products
- Spectacles
- Contact Lenses
- Diagnostic and Monitoring Devices
- GLOBAL OPHTHALMIC EQUIPMENT MARKET – ANALYSIS & FORECAST, BY USAGE
- Reusable Instruments
- Disposable Instruments
- GLOBAL OPHTHALMIC EQUIPMENT MARKET – ANALYSIS & FORECAST, BY END USER
- Hospitals
- Specialty Clinics
- Ambulatory Surgical Centers (ASCs)
- Consumers
- Other End Users
- GLOBAL OPHTHALMIC EQUIPMENT MARKET – ANALYSIS & FORECAST, BY REGION
- North America Ophthalmic Equipment Market
- Europe Ophthalmic Equipment Market
- Asia Pacific Ophthalmic Equipment Market
- Rest of the World (ROW) Ophthalmic Equipment Market
- COMPETETIVE LANDSCAPE
- Key Players & Their Competitive Positioning (2018)
- Key Strategies Assessment
- New Product Launches
- Merger & Acquisitions
- Agreements, Collaborations, & Partnerships
- Expansions
- Other Strategies
- COMPANY PROFILES (Business Overview, Products Offered, Financial Performance*, Recent Developments)
- Essilor
- Alcon (Novartis AG)
- Johnson & Johnson
- Bausch Health
- Haag-Streit Group
- TOPCON CORPORATION
- Carl Zeiss Meditec AG
- STAAR Surgical Company
- Ziemer Ophthalmic Systems
- HOYA Corporation
*Financial details might not be captured in case of privately-held companies or for companies that do not report this information in public domain
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In the end, Ophthalmic Equipment industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, and market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.
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