Global Ophthalmic Equipment market Overview
According to SPER Market Research, the Ophthalmic Equipment Market is estimated to reach USD 96.56 billion by 2030 with a CAGR of 5.4%.
The increasing prevalence of eye conditions such as diabetic retinopathy, cataracts, and age-related macular degeneration (AMD), as well as the rising geriatric population and increased use of digital devices, are the main drivers of growth in the global market for ophthalmic equipment.
The number of elderly people has significantly increased over time, which has led to an increase in the frequency 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 serious eye problems rises noticeably with age, especially beyond 60.
Fewer individuals choose procedures like LASIK surgery because of the expensive expense. This operation also results in a temporary decrease in tear production, which leads to dry eyes. If the condition is severe, there is an alternative method for this. Glare, haloes, and double vision following surgery are possible side effects that are anticipated to limit the market growth for ophthalmic equipment.
The development of the ophthalmic equipment market is anticipated to be fueled by several 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.
Impact of COVID-19 on the Global Ophthalmic Equipment Market
Nearly every business has been impacted by the unmatched worldwide public health emergency known as COVID-19, and the long-term impacts are expected to influence industry growth throughout the projection period. To assure the inclusion of underlying COVID-19 concerns and potential future directions, our continuous study expands upon our research approach. The paper provides information on COVID-19 taking into account changes in consumer demand and behaviour, buying habits, supply chain rerouting, dynamics of contemporary market forces, and substantial government initiatives. Insights, analyses, projections, and predictions are provided in the revised report, which takes the market effect of COVID-19 into account.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2019-2030 |
| Base year considered | 2021 |
| Forecast period | 2022-2030 |
| Segments covered | By Product, By End User, By Application
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| Geographies covered | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Covered | Alcon, Appasamy Associates, Bausch Health Companies, Inc., Canon, Carl Zeiss Meditec AG, Clear Lab, Coburn Technologies, Inc., EssilorLuxottica, FCI Ophthalmics, Glaukos Corporation, Haag-Streit, HEINE Optotechnik, Hoya Corporation, Intuvision Labs, Johnson and Johnson, Lumenis, and Matronix India Corporation, Neo Vision, Nidek Co., Ltd. , Ophtec BV, Quantel Medical, Staar Surgical, The Cooper Companies, Inc., Topcon Corporation, Visionix, Zeimer Ophthalmic Systems.
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Global Ophthalmic Equipment Market, By Product:
Based on the Product, Global Ophthalmic Equipment Market is segmented as; 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 ultrasound imaging systems, B-scan ultrasound imaging systems, Ultrasound microscopes & Pachymeters), Tonometers, Slit Lamps, Phoropters, Wavefront Abberometers, Optical Biometry Systems, Ophthalmoscopes, Lensmeters, Corneal Topography Systems, Chart Projectors, Specular Microscopes & Retinoscopes}.
Global Ophthalmic Equipment Market, By End User:
Based on the End User, Global Ophthalmic Equipment Market is segmented as; Consumers, Hospitals, Specialty Clinics & Ambulatory Surgery Centers & Other End Users.
Global Ophthalmic Equipment Market, By Application:
Based on the Application, Global Ophthalmic Equipment Market is segmented as; Retinal evaluation, Glaucoma detection and monitoring, Surgical evaluation, General examine, Intraoperative devices & Refraction equipment.
Global Ophthalmic Equipment Market, By Region:
The ophthalmic equipment market was dominated by North America, with small shares held by Europe, Asia Pacific, Latin America, the Middle East, and Africa. The significant portion of North America can be ascribed to the expanding elderly population, rising eye problem prevalence, and rising healthcare costs.
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Ophthalmic Equipment Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Global Ophthalmic Equipment Market, By Product, 2019-2030 (USD Million)
6.1. Vision Care Products
6.1.1 Spectacles
6.1.2 Contact lenses
6.1.2.1 Soft contact lenses
6.1.2.2 Rigid gas permeable lenses
6.1.2.3 Hybrid contact lenses
6.2. Surgical devices
6.2.1 Cataract surgical devices
6.2.1.1 Intraocular lenses
6.2.1.2 Ophthalmic Viscoelastic devices
6.2.1.3 Phacoemulsification devices
6.2.1.4 Cataract surgical lasers
6.2.1.5 IOL Injectors
6.3 Vitreoretinal surgical devices
6.3.1 Vitrectomy machines
6.3.2 Vitreoretinal packs
6.3.3 Photocoagulation lasers
6.3.4 Illumination devices
6.3.5 Vitrectomy probes
6.4 Refractive surgical devices
6.4.1 Femtosecond lasers
6.4.2 Excimer lasers
6.4.3 Other refractive surgical lasers
6.5 Glaucoma surgical devices
6.5.1 Glaucoma drainage devices
6.5.2 Microinvasive glaucoma surgery devices
6.5.3 Glaucoma laser systems
6.6 Ophthalmic microscopes
6.7 Ophthalmic surgical accessories
6.7.1 Surgical instruments & kits
6.7.2 Ophthalmic forceps
6.7.3 Ophthalmic spatulas
6.7.4 Ophthalmic tips & handles
6.7.5 Ophthalmic scissors
6.7.6 Macular lenses
6.7.7 Ophthalmic cannulas
6.7.8 Other ophthalmic surgical accessories
6.8 Diagnostic and monitoring devices
6.8.1 Optical Coherence Tomography Scanners
6.8.2 Fundus Cameras
6.8.3 Perimeters/Visual Field Analyzers
6.8.4 Autorefractors & Keratometers
6.8.5 Ophthalmic Ultrasound Imaging Systems
6.8.5.1 A-scan ultrasound imaging systems
6.8.5.2 B-scan ultrasound imaging systems
6.8.5.3 Ultrasound microscopes
6.8.5.4 Pachymeters
6.8.6 Tonometers
6.8.7 Slit Lamps
6.8.8 Phoropters
6.8.9 Wavefront Abberometers
6.8.10 Optical Biometry Systems
6.8.11 Ophthalmoscopes
6.8.12 Lensmeters
6.8.13 Corneal Topography Systems
6.8.14 Chart Projectors
6.8.15 Specular Microscopes
6.8.16 Retinoscopes
7. Global Ophthalmic Equipment Market, By End User, 2019-2030 (USD Million)
7.1. Consumers
7.2. Hospitals
7.3. Specialty Clinics & Ambulatory Surgery Centers
7.4. Other End Users
8. Global Ophthalmic Equipment Market, By Application, 2019-2030 (USD Million)
8.1 By Retinal evaluation
8.2 Glaucoma detection and monitoring
8.3 Surgical evaluation
8.4 General examine
8.5 Intraoperative devices
8.6 Refraction equipment
9. Global Ophthalmic Equipment Market, By Region, 2019-2030 (USD Million)
9.1 North America
9.1.1 United States
9.1.2 Canada
9.1.3 Mexico
9.2 Europe
9.2.1 Germany
9.2.2 United Kingdom
9.2.3 France
9.2.4 Italy
9.2.5 Spain
9.2.6 Rest of Europe
9.3 Asia-Pacific
9.3.1 China
9.3.2 Japan
9.3.3 India
9.3.4 Australia
9.3.5 South Korea
9.3.6 Rest of Asia-Pacific
9.4 South America
9.4.1 Brazil
9.4.2 Argentina
9.4.3 Rest of South America
9.5 Middle East & Africa
9.5.1 Kingdom of Saudi Arabia
9.5.2 United Arab Emirates
9.5.3 Rest of Middle East & Africa
10. Company Profiles
10.1 Alcon
10.1.1 Company details
10.1.2 Financial outlook
10.1.3 Product summary
10.1.4 Recent developments
10.2 Appasamy Associates
10.2.1 Company details
10.2.2 Financial outlook
10.2.3 Product summary
10.2.4 Recent developments
10.3 Bausch Health Companies, Inc.
10.3.1 Company details
10.3.2 Financial outlook
10.3.3 Product summary
10.3.4 Recent developments
10.4 Canon
10.4.1 Company details
10.4.2 Financial outlook
10.4.3 Product summary
10.4.4 Recent developments
10.5 Carl Zeiss Meditec AG
10.5.1 Company details
10.5.2 Financial outlook
10.5.3 Product summary
10.5.4 Recent developments
10.6 Clear Lab
10.6.1 Company details
10.6.2 Financial outlook
10.6.3 Product summary
10.6.4 Recent developments
10.7 Coburn Technologies, Inc.
10.7.1 Company details
10.7.2 Financial outlook
10.7.3 Product summary
10.7.4 Recent developments
10.8 EssilorLuxottica
10.8.1 Company details
10.8.2 Financial outlook
10.8.3 Product summary
10.8.4 Recent development
10.9 FCI Ophthalmics
10.9.1 Company details
10.9.2 Financial outlook
10.9.3 Product summary
10.9.4 Recent developments
10.10 Glaukos Corporation
10.10.1 Company details
10.10.2 Financial outlook
10.10.3 Product summary
10.10.4 Recent developments
10.11 Haag-Streit
10.11.1 Company details
10.11.2 Financial outlook
10.11.3 Product summary
10.11.4 Recent developments
10.12 HEINE Optotechnik
10.12.1 Company details
10.12.2 Financial outlook
10.12.3 Product summary
10.12.4 Recent developments
10.13 Hoya Corporation
10.13.1 Company details
10.13.2 Financial outlook
10.13.3 Product summary
10.13.4 Recent developments
10.14 Intuvision Labs
10.14.1 Company details
10.14.2 Financial outlook
10.14.3 Product summary
10.14.4 Recent developments
10.15 Johnson and Johnson
10.15.1 Company details
10.15.2 Financial outlook
10.15.3 Product summary
10.15.4 Recent developments
10.16 Lumenis
10.16.1 Company details
10.16.2 Financial outlook
10.16.3 Product summary
10.16.4 Recent developments
10.17 Matronix India Corporation
10.17.1 Company details
10.17.2 Financial outlook
10.17.3 Product summary
10.17.4 Recent developments
10.18 Neo Vision
10.18.1 Company details
10.18.2 Financial outlook
10.18.3 Product summary
10.18.4 Recent developments
10.19 Nidek Co., Ltd
10.19.1 Company details
10.19.2 Financial outlook
10.19.3 Product summary
10.19.4 Recent developments
10.20 Ophtec BV
10.20.1 Company details
10.20.2 Financial outlook
10.20.3 Product summary
10.20.4 Recent developments
10.21 Quantel Medical
10.21.1 Company details
10.21.2 Financial outlook
10.21.3 Product summary
10.21.4 Recent developments
10.22 Staar Surgical
10.22.1 Company details
10.22.2 Financial outlook
10.22.3 Product summary
10.22.4 Recent developments
10.23 The Cooper Companies, Inc
10.23.1 Company details
10.23.2 Financial outlook
10.23.3 Product summary
10.23.4 Recent developments
10.24 Topcon Corporation
10.24.1 Company details
10.24.2 Financial outlook
10.24.3 Product summary
10.24.4 Recent developments
10.25 Visionix
10.25.1 Company details
10.25.2 Financial outlook
10.25.3 Product summary
10.25.4 Recent developments
10.26 Zeimer Ophthalmic Systems
10.26.1 Company details
10.26.2 Financial outlook
10.26.3 Product summary
10.26.4 Recent developments