The diagnostic and monitoring ophthalmic devices and equipment market size is expected to see rapid growth in the next few years. It will grow to <b>$4.68 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%. </b> The growth in the forecast period can be attributed to emerging markets growth, telemedicine and teleophthalmology, value-based healthcare, regulatory support and reimbursement. Major trends in the forecast period include artificial intelligence (ai) integration, portable and handheld devices, home monitoring solutions, 3d and wide-field imaging.
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Segmentation & Regional Insights
The diagnostic and monitoring ophthalmic devices and equipment market covered in this report is segmented –
1) By Product Type: Optical coherence tomographers, Ophthalmic ultrasound imaging systems, Fundus cameras, Ophthalmoscopes, Keratometers, Specular microscopes., Tonometers, Slit Lamps, Retinoscopes, Other products (Dioptometers, Optotype projector, Perimeters, and Biometers,Pachymeters,Autorefractors/phoropters,Corneal topographers,Wavefront abberometers,Wavefront abberometers)
2) By Application: Retinal evaluation, Glaucoma detection and monitoring, Surgical evaluation, General examine, Intraoperative devices, Refraction equipment
3) By End User: Hospitals, Clinics, Diagnostic Laboratories, Research Centers
<b>North America</b> was the largest region in the global diagnostic and monitoring ophthalmic devices and equipment market in 2023. <b>Asia-Pacific</b> was the second-largest region in diagnostic and monitoring ophthalmic devices and equipment market. The regions covered in the diagnostic and monitoring ophthalmic devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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Major Driver Impacting Market Growth
The increasing incidence of diabetes is expected to propel the growth of diagnostic and monitoring equipment in the ophthalmic devices market going forward. Diabetes is a chronic disease that occurs when the body cannot effectively use or produce enough insulin, a hormone that regulates blood sugar levels. Diagnostic and monitoring equipment in ophthalmic devices such as smart contact lenses can be used for both continuous glucose monitoring and the treatment of diabetic retinopathy. They can wirelessly monitor glucose levels and provide real-time data to the user. For instance, according to the National Center for Biotechnology Information, a US-based series of databases relevant to biotechnology and biomedicine, in 2021, over 1.2 million children and adolescents have type 1 diabetes. Thus, the increasing incidence of diabetes is driving the growth of the diagnostic and monitoring equipment in the ophthalmic devices market.
Key Industry Players
Major companies operating in the diagnostic and monitoring ophthalmic devices and equipment market include <b> Carl Zeiss Meditec, Alcon Inc., Bausch + Lomb, Haag-Streit, Topcon Corporation, Nidek Co. Ltd., Abbott Medical Optics, Johnson and Johnson Vision Care, Essilor International S.A, Ziemer Ophthalmic Systems AG, STAAR Surgical Company, Ellex, Quantel Medical Inc, Optovue, Canon Inc., Halma plc, Coburn Technologies Inc., Kowa Company Ltd., AMETEK Inc., AbbVie Inc., Hoya Corporation, Ridex Corporation, CIBA Vision Corporation, CooperVision, Gulden Ophthalmics, Glaukos Corporation, FCI Ophthalmics, Matronix India Corporation, HEINE Optotechnik, Visionix Ltd., Neo Vision, Clear Lab, Appasamy Associates, Ophtec BV, Lumenis, Intuvision Labs, Ocular Instruments, Ophthalmic Instruments Company, Keeler Ltd., Oculus, Reichert Technologies, Tomey Corporation, US Ophthalmic </b>
The diagnostic and monitoring ophthalmic devices and equipment market report table of contents includes:
- Executive Summary
- Diagnostic And Monitoring Ophthalmic Devices And Equipment Market Characteristics
- Diagnostic And Monitoring Ophthalmic Devices And Equipment Market Trends And Strategies
- Diagnostic And Monitoring Ophthalmic Devices And Equipment Market - Macro Economic Scenario
- Global Diagnostic And Monitoring Ophthalmic Devices And Equipment Market Size and Growth
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- Global Diagnostic And Monitoring Ophthalmic Devices And Equipment Market Competitive Benchmarking
- Global Diagnostic And Monitoring Ophthalmic Devices And Equipment Market Competitive Dashboard
- Key Mergers And Acquisitions In Diagnostic And Monitoring Ophthalmic Devices And Equipment Market
- Diagnostic And Monitoring Ophthalmic Devices And Equipment Market Future Outlook and Potential Analysis
- Appendix
Top Major Players :
- Carl Zeiss Meditec
- Alcon Inc.
- Bausch + Lomb
- Haag-Streit
- Topcon Corporation
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Growth in this market is attributed to the growing number of people with eye diseases, technological advancement in ophthalmic equipment, and the rising adoption of contact lenses and spectacles across the globe.The Ophthalmic Equipment Market is projected to reach USD 65.8 Billion by 2027 from USD 56.4 Billion in 2022, at a CAGR of 3.1%.Market Drivers :- 1 Rapid Growth in the Geriatric Population 2 Rising Prevalence of Eye Diseases 2.1 Cataracts 2.2 Glaucoma 2.3 Obesity and Diabetes 2.4 Age-Related Macular Degeneration (AMD) 3 Technological Advancements in Ophthalmic Devices 4 Increasing Government Initiatives to Control Visual Impairment 5 Increasing Adoption of Contact Lenses and SpectaclesDownload PDF Brochure: - https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=155637364Based on diagnostic and monitoring devices type, the ophthalmic equipment market is segmented into optical coherence tomography (OCT) scanners, ophthalmic ultrasound imaging systems, fundus cameras, ophthalmoscopes, retinoscopes, wavefront aberrometers, corneal topography systems, autorefractors and keratometers, phoropters, specular microscopes, perimeter/visual field analyzers, tonometers, slit lamps, lensmeters, optical biometry systems, and chart projectors.
The OCT scanners segment accounted for the major share of the ophthalmology diagnostic and monitoring devices market and this segment is expected to register the highest growth during the forecast period.On the basis of ophthalmology surgical devices type, the ophthalmic equipment market is segmented into cataract surgical devices, glaucoma surgical devices, refractive surgical devices, vitreoretinal surgical devices, ophthalmic microscopes, and accessories.
The cataract surgical devices segment accounted for the major share of the ophthalmology surgical devices market.
The large share of this segment is majorly attributed to the growing number of eye disorders in the geriatric population.Read more (Ophthalmic Equipment Market) :- https://www.marketsandmarkets.com/PressReleases/ophthalmology-devices.aspRegional Analysis:- North America accounted for the largest share of the ophthalmic equipment market in 2017, followed by Europe.
The large share of this region is attributed to the presence of developed healthcare systems in the US & Canada, increasing number of eye disorders along with rising aging population, and availability of technologically advanced ophthalmic devices.Key Players:- The prominent players in the ophthalmic equipment market are Essilor (France), Alcon (Switzerland), Johnson & Johnson Vision Care (US), Bausch + Lomb (US), Haag-Streit (Switzerland), TOPCON (Japan), Carl Zeiss Meditec (Germany), NIDEK (Japan), STAAR Surgical (US), HOYA (Japan), and Ziemer Ophthalmic Systems (Switzerland) About MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.
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