Ophthalmic Equipment Market Share, Size, Trends, Industry Analysis Report, By Product; By End-Use (Consumers, Hospitals, Specialty Clinics & Ambulatory Surgery Centers, Others); By Region; Segment Forecast, 2022 - 2030

Ophthalmic Equipment Market Share, Size, Trends, Industry Analysis Report, By Product; By End-Use (Consumers, Hospitals, Specialty Clinics & Ambulatory Surgery Centers, Others); By Region; Segment Forecast, 2022 - 2030

The global ophthalmic equipment market size is expected to reach USD 92.4 billion by 2030, according to a new study by Polaris Market Research. The report “Ophthalmic Equipment Market Share, Size, Trends, Industry Analysis Report, By Product; By End-Use (Consumers, Hospitals, Specialty Clinics & Ambulatory Surgery Centers, Others); By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The growth of the ophthalmic device market is primarily driven by the growing geriatric population, increasing adoption of digital devices, and technological advances to enable efficient diagnosis and treatment. In addition, the demand for ophthalmic devices continues to accelerate due to increased incidences of vision loss and eye diseases.

Asia is the fastest-growing market for ophthalmic devices due to the rising number of eye surgeries, improved healthcare facilities in developing nations, and several government steps to control visual impairment. In addition, a rise in the number of new entrants with a strong local distribution network and constant technological advancement for product modifications collectively spurt the market growth in this region.

The rising adoption of contact lenses and spectacles and increased government initiatives to control visual disorders are supposed to stimulate the market’s growth. Additionally, the low penetration of phacoemulsification devices and premium IOLs in emerging economies provides many opportunities to the market players.

Covid-19 hampered the market due to the government’s stringent rules and regulations for social distancing, which led to decreased manufacturing of the equipment.

Ophthalmic Equipment Market Report Highlights

Vision care products accounted for the most considerable market share in 2021 due to increasing demand for spectacles and contact lenses such as soft contact lenses, RGP lenses, and hybrid contact lenses.

The consumer segment accounted for the most significant market share in 2021 due to increasing ocular disorders with the rising adoption of contact lenses and spectacles.

North America dominated the regional market during the forecast period due to the rising geriatric population, increasing healthcare expenditure, and awareness about eye care and ocular diseases in emerging economies such as the US and Canada.

The global market is highly competitive owing to the existence of prominent industry players with a worldwide presence, including Alcon Vision LLC, Bausch & Lomb Incorporated, Carl Zeiss Meditec AG, Essilor International S.A, Haag-Streit Group, Ivantis Inc., Johnson & Johnson Vision Care, Nidek Co. Ltd, TOPCON Corporation, and Ziemer Ophthalmic Systems Ltd.

Polaris Market Research has segmented the ophthalmic equipment market report based on product, end-use, and region:

Ophthalmic Equipment, Product Outlook (Revenue – USD Billion, 2018 – 2030)

Vision Care Products

Spectacles

Contact Lenses

Soft Contact Lenses

Rigid Gas Permeable Lenses

Hybrid Contact Lenses

Surgical Devices

Cataract Surgical Devices

Intraocular Lenses

Ophthalmic Viscoelastic Devices

Phacoemulsification Devices

Cataract Surgical Lasers

IOL Injectors

Vitreoretinal Surgical Devices

Vitrectomy Machines

Vitreoretinal Packs

Photocoagulation Lasers

Illumination Devices

Vitrectomy Probes

Refractive Surgical Devices

Femtosecond Lasers

Excimer Lasers

Other Refractive Surgical Lasers

Glaucoma Surgical Devices

Glaucoma Drainage Devices

Microinvasive Glaucoma Surgery Devices

Glaucoma Laser Systems

Ophthalmic Microscopes

Ophthalmic Surgical Accessories

Surgical Instruments & Kits

Ophthalmic Forceps

Ophthalmic Spatulas

Ophthalmic Tips & Handles

Ophthalmic Scissors

Macular Lenses

Ophthalmic Cannulas

Other Ophthalmic Surgical Accessories

Diagnostic and Monitoring Devices

Optical Coherence Tomography Scanners

Fundus Cameras

Perimeters/Visual Field Analyzers

Autorefractors & Keratometers

Ophthalmic Ultrasound Imaging Systems

A-Scan

B-Scan

Ultrasound Microscopes

Pachymeters

Tonometer

Slit Lamps

Phoropters

Wavefront Aberrometers

Optical Biometry Systems

Ophthalmoscopes

Lens meters

Corneal Topography Systems

Chart Projectors

Specular Microscopes

Retinoscope

Ophthalmic Equipment, End-Use Outlook (Revenue – USD Billion, 2018 – 2030)

Consumers

Hospitals

Specialty Clinics & Ambulatory Surgery Centers

Other

Ophthalmic Equipment, Regional Outlook (Revenue – USD Billion, 2018 – 2030)

North America

U.S

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa