The market growth can be accredited to the growing prevalence of optical disorders such as glaucoma, diabetic retinopathy, cataract, and vitreoretinal syndromes, coupled with the technological innovations in ophthalmic surgical as well as diagnostic instruments that demanded these target applications. Advanced government initiatives to augment awareness connected to visual impairment are further predicted to broaden the base for market growth.
According to the National Institute on Aging (NIA), the geriatric population is predicted to reach 72 million by 2030. The growing prevalence of diabetes and the incidence of diabetes-connected blindness are expected to propel the market growth. The growing frequency of ophthalmic diseases and eye-connected disorders, as well as growing healthcare spending, is propelling the enlargement of the ophthalmic equipment market.
According to the SPER market research, ‘Ophthalmic Equipment Market Size, Share & Trends Analysis by Type, By Application, By Technology, By Portability, By Systems, By Price Range, By End Users, Regional Outlook, Competitive Strategies and Segment Forecasts to 2030’ states that the ophthalmic equipment market is predicted to reach USD 96.56 billion by 2030 with a CAGR of 5.4%.
As a result, there was a proficient requirement for disease-specific therapeutics. In order to address the enlarging healthcare requirement, a variety of ophthalmic equipment is accessible on the market that can be progressively used by healthcare practitioners. The effective growth in the frequency of ophthalmic diseases and eye-concerned disorders, as well as growing healthcare spending, is propelling the enlargement of the ophthalmic equipment market.
The growth of the ophthalmic equipment market is credited to the augment in the number of individuals with eye diseases, technological innovation in ophthalmic equipment, and the augment in the trend of adoption of contact lenses and spectacles around the globe.
Request For Free sample report @ https://www.sperresearch.com/report-store/Ophthalmic-Equipment-Market.aspx?sample=1
Nonetheless, the growing prevalence of ophthalmic diseases around the globe is the foremost aspect of fostering the global ophthalmic equipment market growth. The growing number of infectious eye disorders in developed, as well as emerging regions, will further increase the Ophthalmic equipment market. The geriatric population across the world is augmenting and is more susceptible to developing eye syndromes.
Speedy technological innovations like the introduction of intraocular lenses and an augmenting aim on customer training and education among eye care experts concerning eye diseases and linked complications are supposed to increase the market’s growth. Moreover, the growing awareness concerning devices utilized in the field of ophthalmology and the penetration of digital devices likewise laptops, smartphones, e-readers, and computers are predicted to foster the ophthalmic equipment market.
North America held a substantial share of the market. The speedily increasing geriatric population and the increasing prevalence of chronic eye situations as a consequence of high stress and unhealthy lifestyles resulting in diabetic retinopathy are considered great impact-rendering drivers for the industry. In addition, the incorporation of new reimbursement models for ophthalmologic treatment and a stringent regulatory framework focused at patients’ safety, is predicted to propel the demand for ophthalmic equipment in this region.
For More Information, refer to below link: -
Ophthalmic Equipment Market Size,
Related Reports:
Follow Us –
LinkedIn | Instagram | Facebook | Twitter
Contact Us:
Sara Lopes, Business Consultant – USA
SPER Market Research
+1-347-460-2899
The rapid growth in the geriatric population, rising prevalence of eye diseases, and technological advancements in ophthalmic devices are the major factors driving the growth of this market.The Ophthalmic Equipment Market size is projected to reach USD 63.3 billion by 2025 from USD 52.8 billion in 2020, at a CAGR of 3.7% during the forecast period.Ask for PDF Brochure: –https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=155637364Market Segmentation: -Based on product, the ophthalmic equipment market is categorized mainly into diagnostic & monitoring devices, surgical devices, and vision care products.
In 2019, the vision care products segment was expected to account for the largest share of the ophthalmic equipment market.
The large share of this segment can primarily be attributed to the high prevalence of eye disorders such as myopia, hyperopia, astigmatism, and presbyopia.
In addition to this, technological advancements in lens materials, growing awareness about eyesight correction, and rising trends in eyewear, such as styled sunglasses and advanced contact lenses boasting extra comfort, have further stimulated the adoption of vision care products.Recent DevelopmentsIn May 2020, Bausch + Lomb Launched its first EDOF IOL LuxSmart and a monofocal IOL LuxGood with preloaded delivery system and pure refractive optics (PRO) technology.In April 2020, Haag-Streit Group (Switzerland) acquired VRmagic Holding AG (Germany) to strengthen Haag-Streit’s leading position in the ophthalmology marketIn February 2020, Bausch + Lomb (Canada)collaborated with Prevent Blindness (US) o raise awareness about AMD through social media pages to share information about AMD with the public.In September 2019, Johnson & Johnson Vision Care (US) launched ACUVUE VITA contact lenses for astigmatism in the USIn February 2019, Carl Zeiss Meditec (Germany)collaborated with Christoffel Mission for the Blind (CBM) (Germany)to open a training center in Pune, India in collaboration with the Poona Blind Men AssociationEnd User: -Based on end-user, the ophthalmic equipment market is segmented into consumers, hospitals, specialty clinics & ambulatory surgery centers (ASCs), and other end users.
specialty clinics & ambulatory surgery centers (ASCs) are expected to grow at the highest CAGR during the forecast period.Regional Analysis: -North America is expected to account for the largest share of the ophthalmic equipment market in 2019, followed by Europe.
In addition, factor such as the growing awareness and uptake of ophthalmic treatments and surgeries and the availability of advanced ophthalmic devices in this region are also driving the growth of the ophthalmic equipment market in North America.Request for Sample Pages :- https://www.marketsandmarkets.com/requestsampleNew.asp?id=155637364 Top Key Players:-The prominent players in this market are EssilorLuxottica (France), Alcon (US), Johnson & Johnson Vision Care (US), HOYA Corporation (Japan), Bausch + Lomb (US), Carl Zeiss Meditec (Germany), Topcon (Japan), Glaukos Corporation (US), Haag-Streit (Switzerland), NIDEK (Japan), STAAR Surgical (US), Ziemer Ophthalmic Systems (Switzerland), CooperVision, Inc. (US), Oculentis (Germany), Heidelberg Engineering (Germany), Canon (Japan), Optovue (US), Neo Vision (Korea), Lumenis (Israel), Reichert Technologies (US), OPHTEC BV (Netherlands), Heine Optotechnik (Germany), and Luneau Technology (France).
Ophthalmic Equipment Market Research Report: Product (Ophthalmology Surgical Devices, Vitreoretinal Surgical Devices, Refractive Surgical Devices, & Monitoring Devices), Application, End-User (Ophthalmology Clinics) - Global Forecast till 2023Market HighlightsOphthalmic Equipment Market in Asia Pacific is expected to grow rapidly in the coming years.
On the other hand, low awareness in developing and underdeveloped regions regarding ophthalmic diseases may hamper the market growth during the forecast period..Intended AudienceDevice ManufacturersDevice SuppliersMedical Research LaboratoriesResearch and Development (R) CompaniesMarket Research and Consulting Service ProvidersPotential InvestorsAvail a Free Sample@ https://www.medgadget.com/2020/09/ophthalmic-equipment-market-global-industry-size-outlook-key-findings-technology-trends-assessment-diagnostic-and-surgical-devices-growth-factors-demand-top-key-companies-and-forecast-to.html SegmentationThe global ophthalmic equipment market is segmented on the basis of product, application, and end-user.On the basis of product, the market is segmented into vision care devices, ophthalmology surgical devices, diagnostic and monitoring devices, and others.
Contact lenses are further segmented into soft contact lenses, Rigid Gas Permeable lenses (RGP), and hybrid contact lenses.
Cataract surgical devices are further segmented into Intraocular Lenses (IOLS), Ophthalmic Viscoelastic Devices (OVDS), phacoemulsification devices, cataract surgical lasers, and others.
Ophthalmic accessories are further segmented into surgical instruments and kits, ophthalmic forceps, ophthalmic spatulas, ophthalmic tips and handles, ophthalmic scissors, macular lenses, ophthalmic cannulas, and others.
Diagnostic and monitoring devices are segmented into optical coherence tomography scanners, fundus cameras, perimeters/visual field analyzers, autorefractors and keratometers, ophthalmic ultrasound imaging systems, tonometers, slit lamps, phoropters, wavefront aberrometers, optical biometry systems, ophthalmoscopes, lensmeters, corneal topography systems, chart projectors, specular microscopes, retinoscopes, and others.
