Ophthalmic Instrument Manufacturing in the US - Industry Market Research Report
Ophthalmic Instrument Manufacturing in the US
Demand for ophthalmic instruments has grown over recent years. As the population of the United States ages, the number of consumers suffering from eye conditions will rise. Older individuals are more susceptible to developing macular degeneration, cataracts, glaucoma and diabetic retinal disease. Thus, demand for ophthalmology procedures rises as the domestic population ages, boosting ophthalmic instrument sales. Improving economic conditions and rising disposable income are likely to continue driving revenue growth, as consumers can allocate more resources toward non-essential procedures. As a result, revenue has been growing at an estimated CAGR of 1.6% to $4.0 billion over the five years to 2023, including a 3.1% jump in 2023 alone.
This industry manufactures ophthalmic diagnostic instruments and surgical equipment used in eye-related medical procedures. Examples of diagnostic equipment include optical coherence tomography scanners, ophthalmic ultrasound systems, cameras, scopes, tonometers and lighting equipment. Examples of surgical equipment include ophthalmic lasers, as well as cataract, glaucoma, refractive and other surgery devices.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
ABOUT THIS INDUSTRY
Industry Definition Main Activities Similar Industries Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary Key External Drivers Current Performance Industry Outlook Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain Products & Services Demand Determinants Major Markets International Trade Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration Key Success Factors Cost Structure Benchmarks Basis of Competition Barriers to Entry Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity Technology & Systems Revenue Volatility Regulation & Policy Industry Assistance