The Global Ophthalmic Equipment Market size was USD 60.49 Billion in 2021 and is expected to register a revenue CAGR of 5.0% during the forecast period, according to latest analysis by Emergen Research. Major factors influencing market revenue growth include the rising incidence of glaucoma, cataracts, and other ocular conditions, an increase in the need for Research & Development (R&D) due to the prevalence of eye-related diseases, a desire for better patient outcomes, and the use of cutting-edge technologies. Ophthalmology studies the anatomy, function, and various eye diseases. Eye conditions including glaucoma and cataracts are detected, tracked, and prevented with the use of ophthalmic gadgets.
The development of technologically improved goods and supportive reimbursement policies in a variety of optical procedures are other factors driving market revenue growth. Additionally, it is anticipated that growing research and development to treat eye conditions such diabetic retinopathy, vitreoretinal disorders, cataracts, and other eye-based diseases will fuel market revenue growth.
Key Market Players are Johnson & Johnson Vision Care, Alcon Vision LLC., Carl Zeiss Meditec AG, Bausch & Lomb Incorporated, Essilor International S.A., Ziemer Ophthalmic Systems Ltd., Nidek Co., Ltd., TOPCON Co., and Haag-Streit Group, Others
Request a sample copy of the report @ https://www.emergenresearch.com/request-sample/1517
Ophthalmic Equipment Market Dynamics
Driver: Growing senior population
The number of elderly people has significantly increased over time, which has led to an increase in the prevalence of age-related diseases, including numerous eye illnesses. This is a significant driver of ophthalmology device demand. The tear layer loses stability and degrades more quickly as people age; as a result, the chance of developing severe eye problems rises noticeably with age, especially beyond 60.
Elderly adults have an increased chance of developing severe eye conditions like age-related macular degeneration, cataracts, impaired vision, glaucoma, and diabetic eye disease. They also tend to have some sort of eye disease.
Restrictions: Eye surgery is expensive and risky.
Although today’s eye procedures are safe, there are still some dangers involved. If a patient already has a vision condition or other health issues, some issues could arise that could make the patient’s rehabilitation more difficult. Despite the low likelihood of risk and problems leading to vision loss, some side effects do exist, most notably dry eyes and brief visual disturbances.
Possibilities for expansion exist in emerging markets.
Players in the ophthalmic equipment market may expect to find considerable growth potential in emerging economies like India, Brazil, and Mexico. This is mostly explained by the fact that eye illnesses are becoming more prevalent in these nations. Globally, developing nations are anticipated to present players in the ophthalmic equipment market with prospective growth possibilities.
The development of the ophthalmic equipment market is anticipated to be fueled by a number of factors, including expanding healthcare spending, rising medical tourism, improved healthcare infrastructure across Asia Pacific, and increased government investments. Due to the high-quality, affordable therapies available in India, a lot of patients are flying there for eye care.
Purchase this report at an exclusively discounted rate @ https://www.emergenresearch.com/request-discount/1517
Problem: A lack of knowledgeable professionals
Even while there are still not enough ophthalmologists to meet demand, this has happened proportionally to world population growth. This is especially obvious in emerging nations with a dearth of specialists.
Additionally, the rural people of developing nations like India, Saudi Arabia, Israel, Kenya, and South Africa are not very aware of eye illnesses. Lack of understanding, inadequate infrastructure, and difficult access to eye care specialists are characteristics of rural healthcare.
Based on product, the vision care products sector held the greatest market share in 2021.
The ophthalmic equipment market is divided into three product categories based on type: vision care goods, surgical devices, and diagnostic and monitoring equipment. Technology advancements in lens materials and eye care devices, the rise in the adoption of digital devices, the rising prevalence of vision disorders like cataract, glaucoma, obesity and diabetes, and age-related macular degeneration, the rise in the elderly population, and rising awareness of the need for corrective lenses are all factors that have contributed to the large share of the vision care products segment.
According to end users, “Consumers segment have the highest share of the ophthalmic equipment market in 2021.”
Consumers, hospitals, specialised clinics, ambulatory surgery centres, and other end users make up the market’s end user segments. The large market share can be attributed to a number of factors, including the ageing population’s increased prevalence of eye diseases, the growing use of contact lenses to treat a variety of vision problems, including myopia, astigmatism, presbyopia, and hyperopia, the growing emphasis on aesthetics, and the popularity of coloured contact lenses in the fashion industry.
In 2021, North America held the biggest market share for ophthalmic equipment.
The market for ophthalmic equipment was dominated by North America in 2021, with smaller shares held by Europe, Asia Pacific, Latin America, the Middle East, and Africa. The significant portion of North America can be ascribed to the rising elderly population, rising eye problem prevalence, and rising healthcare costs.
Request customization of the report @ https://www.emergenresearch.com/request-for-customization/1517
Emergen Research has segmented the global ophthalmic equipment market based on medical application, product type, end-use, and region:
- Medical Applications Outlook (Revenue, USD Billion; 2019-2030)
- Cataract
- Retinal Disorders
- Others
- Product Type Outlook (Revenue, USD Billion; 2019-2030)
- Optical Coherence Tomography Scanners
- Ophthalmoscope
- Others
- End-use Outlook (Revenue, USD Billion; 2019-2030)
- Hospitals
- Clinics
- Research Laboratory
- Others
- Regional Outlook (Revenue, USD Billion; 2019-2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Rest of Middle East & Africa
- North America
To know more about the report, visit @ https://www.emergenresearch.com/industry-report/ophthalmic-equipment-market
Principal Gains for Stakeholders
- To identify potential investment opportunities, the report offers a thorough analysis of the size of the global market for ophthalmic devices, together with current trends and projections for the future.
- It provides market analysis for ophthalmic devices for the years 2020 to 2027, allowing the stakeholders to take advantage of the current market opportunities.
- A thorough research of the region helps to comprehend the regional market for ophthalmic devices, improve strategic business planning, and identify available prospects.
- To comprehend the competitive picture of the worldwide ophthalmic devices market growth, the profiles and growth strategies of the leading players are carefully examined.
Thank you for reading our report. For any specific details on customization of this report, please get in touch with us. We will ensure the report you get is well-suited to your needs.
Explore More Emergen Research Reports @
Next-Generation Sequencing Market
https://www.emergenresearch.com/industry-report/next-generation-sequencing-market
Regenerative Medicine Market
https://www.emergenresearch.com/industry-report/regenerative-medicine-market
Non-Invasive Prenatal Testing Market
https://www.emergenresearch.com/industry-report/non-invasive-prenatal-testing-market
Follicular Lymphoma Treatment Market
https://www.emergenresearch.com/industry-report/follicular-lymphoma-treatment-market
Stem Cell Therapy Market
https://www.emergenresearch.com/industry-report/stem-cell-therapy-market
Sports Medicine Market
https://www.emergenresearch.com/industry-report/sports-medicine-market
Point Of Care Testing Market
https://www.emergenresearch.com/industry-report/point-of-care-testing-market
Biomaterials Market
https://www.emergenresearch.com/industry-report/biomaterials-market
Brachytherapy Market
https://www.emergenresearch.com/industry-report/brachytherapy-market
Research Antibodies Market
https://www.emergenresearch.com/industry-report/research-antibodies-market
About Emergen Research
At Emergen Research, we believe in advancing with technology. We are a growing Marketresearch and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.
Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Facebook | LinkedIn | Twitter | Blogs
Visit for More Insights: https://www.emergenresearch.com/insights
Explore Our Custom Intelligence services | Growth Consulting Services