Global Ophthalmology Devices Market Size, Share, Trends, COVID-19 Impact & Growth Analysis Report – Segmented By Application, Disorders, Devices and Region - Industry Forecast (2022 to 2027)
Ophthalmology Devices Market Size (2022 to 2027)
The global ophthalmology devices market size is estimated to be worth USD 52.95 billion by 2027 from USD 40.51 billion in 2022, growing at a CAGR of 5.5% during the forecast period.
Impact of COVID-19 on the global ophthalmology devices market:
An international public health challenge has arisen due to the outbreak of SARS-CoV-2, a novel coronavirus. Supply chains have been disrupted, and the shortage of supplies has affected all sectors. Ophthalmology surgeries have been postponed due to the government's lockdown. As a result of the proximity of ophthalmologists to patients when diagnosing patients, the ophthalmologist is at high risk for infection. On practices such as teleophthalmology, guidelines have been imposed by the government.
MARKET DRIVERS:
Y-O-Y growth in the aging population, an increase in eye disease prevalence, and advances in ophthalmology treatments are primarily contributing to the rise of the global ophthalmology devices market growth.
Recent years have seen ophthalmology devices as one of the fastest-growing medical devices markets. Ophthalmology has benefited in recent years from increased spending on healthcare, government investments, and the continual advancement of medicine. As the medical world's most rapidly growing sector, the ophthalmology devices market is increasing demand for solutions to improve the lives of millions. There is a tremendous opportunity in the global ophthalmic devices market due to the increasing prevalence of aging and ocular disease, which includes cataract, refractive and glaucoma surgeries, among other things. Growing awareness among individuals and rapid approvals are likely to sustain the growth in the near future.
The shortage of ophthalmology device providers in existing economies and the rise in age-related eye diseases create more opportunities for the ophthalmic devices market to grow significantly in the coming years. Furthermore, the aging of the population is also increasing day by day, which increases the number of patients for ophthalmic diseases, which expands the demand for the devices in ophthalmology and is expected to rise industry demand in foreseen years.
MARKET RESTRAINTS:
However, a few factors hamper the market's growth, including lack of healthcare insurance in emerging countries, lack of awareness among individuals about diseases like glaucoma, and poor healthcare infrastructure.
REPORT COVERAGE:
|
REPORT METRIC |
DETAILS |
|
Market Size Available |
2021 to 2027 |
|
Base Year |
2021 |
|
Forecast Period |
2022 to 2027 |
|
Segments Covered |
By Application, Type of Disorder, Device, and Region |
|
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
|
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
This research report on the global ophthalmology devices market has been segmented & sub-segmented into the following categories and evaluated market size & forecast until 2027.
Ophthalmology Devices Market - By Application:
- Diagnostics & Monitoring Devices
- Surgery Devices
- Vision Care Devices
The vision care devices segment is expected to dominate the global ophthalmology devices market based on the application.
Ophthalmology Devices Market - By Type of Disorder:
- Cataract
- Glaucoma
- Refractor Disorders
- Vitreo Retinal Disorder
The cataract segment held a significant percentage of the ophthalmic devices market based on the type of disorder.
Ophthalmology Devices Market - By Device:
- Canaloplasty Devices
- Computerized Field Analyser
Ophthalmology Devices Market - By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Geographically, the North American ophthalmology devices market held the most outstanding share in 2020 in the global market, while Asia-Pacific is expected to develop at the fastest rate, with a CAGR of 4.6 percent. In the United States, diabetic retinopathy is expected to be the leading cause of blindness.
KEY MARKET PLAYERS:
Some of the key market participants leading the global ophthalmology device market include Alcon Inc., Abbott Medical Optics Inc., Johnson & Johnson, Essilor International, Bausch and Lomb Inc., Topcon Corporation, Nidek Co Ltd., HAAG-Streit Group, Carl Zeiss Meditec, Hoya Corporation, and Ziemer Ophthalmic System.
RECENT MARKET HAPPENINGS:
- On January 06, 2020, Bausch + Lomb, a leading eye health business of Bausch Health Companies, announced the U.S. launch of expanded parameters for BiotrueOneday for Astigmatism daily disposable contact lenses.
- On November 19, 2019, Baring Private Equity announced that its affiliated private equity funds agreed to acquire Lumenis, a leading provider of energy-based medical devices across the fields of ophthalmology, ENT, and gynecology.
- On May 28, 2019, Novuson Surgical, a medical device company, secured funding from HOYA Corporation to finalize the UltraStat 3mmVessel/Divider development using Direct Therapeutic UltraSound (DTU).
- On October 12, 2016, HOYA Corporation announced an agreement to acquire Performance Optics, LLC, a global ophthalmic lens manufacturer. This acquisition will strengthen HOYA’s ability to provide customers with a broad portfolio.
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 New Developments
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 By Application
5.1.1 Diagnostics & Monitoring devices
5.1.2 Surgery Devices
5.1.3 Vision Care Devices
5.2 By Disorders
5.2.1 Cataract
5.2.2 Glaucoma
5.2.3 Refractor disorders
5.2.4 Vitreo retinal disorder
5.3 By Device
5.3.1 Canaloplasty devices
5.3.2 Computerized Field Analyser
6. Geographical Analysis
6.1 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.2 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.3 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 South Korea
6.4 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Mexico
6.4.4 Rest of Latin America
6.5 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Johnson & Johnson
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Strategic Evaluation and Operations
8.1.4 Financial analysis
8.1.5 Legal issues
8.1.6 Recent Developments
8.1.7 SWOT analysis
8.1.8 Analyst View
8.2 Alcon Inc.,
8.3 Abbott Medical Optics Inc.
8.4 Essilor International
8.5 Bausch and Lomb Inc.
8.6 Topcon Corporation
8.7 Nidek CO Ltd.
8.8 HAAG-Streit Group
8.9 Carl Zeiss Meditec
8.10 Hoya Corporation
8.11 Ziemer Ophthalmic System
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Expert Opinions
10.1 Market Outlook
10.2 Investment Opportunities
11. Appendix
a) List of Tables
b) List of Figures
- Global Ophthalmology Devices Market, By Region, From 2022 - 2027 (USD Million)
- Global Ophthalmology Devices Market, By Application, From 2022 - 2027 (USD Million)
- Global Diagnostics & Monitoring devices Market, By Region, From 2022 - 2027 (USD Million)
- Global Surgery Devices Market, By Region, From 2022 - 2027 (USD Million)
- Global Vision Care Devices Market, By Region, From 2022 - 2027 (USD Million)
- Global Market, By Region, From 2022 - 2027 (USD Million)
- Global Market, By Region, From 2022 - 2027 (USD Million)
- Global Ophthalmology Devices Market, By Disorders, From 2022 - 2027 (USD Million)
- Global Cataract Market, By Region, From 2022 - 2027 (USD Million)
- Global Glaucoma Market, By Region, From 2022 - 2027 (USD Million)
- Global Refractor disorders Market, By Region, From 2022 - 2027 (USD Million)
- Global Vitreo retinal disorder Market, By Region, From 2022 - 2027 (USD Million)
- Global Ophthalmology Devices Market, By Device, From 2022 - 2027 (USD Million)
- Global Canaloplasty devices Market, By Region, From 2022 - 2027 (USD Million)
- Global Computerized Field Analyser Market, By Region, From 2022 - 2027 (USD Million)
- North America Ophthalmology Devices Market, By Region, From 2022 - 2027 (USD Million)
- North America Ophthalmology Devices Market, By Application, From 2022 - 2027 (USD Million)
- North America Diagnostics & Monitoring devices Market, By Region, From 2022 - 2027 (USD Million)
- North America Surgery Devices Market, By Region, From 2022 - 2027 (USD Million)
- North America Vision Care Devices Market, By Region, From 2022 - 2027 (USD Million)
- North America Market, By Region, From 2022 - 2027 (USD Million)
- North America Market, By Region, From 2022 - 2027 (USD Million)
- North America Ophthalmology Devices Market, By Disorders, From 2022 - 2027 (USD Million)
- North America Cataract Market, By Region, From 2022 - 2027 (USD Million)
- North America Glaucoma Market, By Region, From 2022 - 2027 (USD Million)
- North America Refractor disorders Market, By Region, From 2022 - 2027 (USD Million)
- North America Vitreo retinal disorder Market, By Region, From 2022 - 2027 (USD Million)
- North America Ophthalmology Devices Market, By Device, From 2022 - 2027 (USD Million)
- North America Canaloplasty devices Market, By Region, From 2022 - 2027 (USD Million)
- North America Computerized Field Analyser Market, By Region, From 2022 - 2027 (USD Million)
- United States Ophthalmology Devices Market, By Application, From 2022 - 2027 (USD Million)
- United States Ophthalmology Devices Market, By Disorders, From 2022 - 2027 (USD Million)
- United States Ophthalmology Devices Market, By Device, From 2022 - 2027 (USD Million)
- Canada Ophthalmology Devices Market, By Application, From 2022 - 2027 (USD Million)
- Canada Ophthalmology Devices Market, By Disorders, From 2022 - 2027 (USD Million)
- Canada Ophthalmology Devices Market, By Device, From 2022 - 2027 (USD Million)
- Europe Ophthalmology Devices Market, By Region, From 2022 - 2027 (USD Million)
- Europe Ophthalmology Devices Market, By Application, From 2022 - 2027 (USD Million)
- Europe Diagnostics & Monitoring devices Market, By Region, From 2022 - 2027 (USD Million)
- Europe Surgery Devices Market, By Region, From 2022 - 2027 (USD Million)
- Europe Vision Care Devices Market, By Region, From 2022 - 2027 (USD Million)
- Europe Market, By Region, From 2022 - 2027 (USD Million)
- Europe Market, By Region, From 2022 - 2027 (USD Million)
- Europe Ophthalmology Devices Market, By Disorders, From 2022 - 2027 (USD Million)
- Europe Cataract Market, By Region, From 2022 - 2027 (USD Million)
- Europe Glaucoma Market, By Region, From 2022 - 2027 (USD Million)
- Europe Refractor disorders Market, By Region, From 2022 - 2027 (USD Million)
- Europe Vitreo retinal disorder Market, By Region, From 2022 - 2027 (USD Million)
- Europe Ophthalmology Devices Market, By Device, From 2022 - 2027 (USD Million)
- Europe Canaloplasty devices Market, By Region, From 2022 - 2027 (USD Million)
- Europe Computerized Field Analyser Market, By Region, From 2022 - 2027 (USD Million)
- U.K Ophthalmology Devices Market, By Application, From 2022 - 2027 (USD Million)
- U.K Ophthalmology Devices Market, By Disorders, From 2022 - 2027 (USD Million)
- U.K Ophthalmology Devices Market, By Device, From 2022 - 2027 (USD Million)
- Spain Ophthalmology Devices Market, By Application, From 2022 - 2027 (USD Million)
- Spain Ophthalmology Devices Market, By Disorders, From 2022 - 2027 (USD Million)
- Spain Ophthalmology Devices Market, By Device, From 2022 - 2027 (USD Million)
- Germany Ophthalmology Devices Market, By Application, From 2022 - 2027 (USD Million)
- Germany Ophthalmology Devices Market, By Disorders, From 2022 - 2027 (USD Million)
- Germany Ophthalmology Devices Market, By Device, From 2022 - 2027 (USD Million)
- Italy Ophthalmology Devices Market, By Application, From 2022 - 2027 (USD Million)
- Italy Ophthalmology Devices Market, By Disorders, From 2022 - 2027 (USD Million)
- Italy Ophthalmology Devices Market, By Device, From 2022 - 2027 (USD Million)
- France Ophthalmology Devices Market, By Application, From 2022 - 2027 (USD Million)
- France Ophthalmology Devices Market, By Disorders, From 2022 - 2027 (USD Million)
- France Ophthalmology Devices Market, By Device, From 2022 - 2027 (USD Million)
- Asia-Pacific Ophthalmology Devices Market, By Region, From 2022 - 2027 (USD Million)
- Asia-Pacific Ophthalmology Devices Market, By Application, From 2022 - 2027 (USD Million)
- Asia-Pacific Diagnostics & Monitoring devices Market, By Region, From 2022 - 2027 (USD Million)
- Asia-Pacific Surgery Devices Market, By Region, From 2022 - 2027 (USD Million)
- Asia-Pacific Vision Care Devices Market, By Region, From 2022 - 2027 (USD Million)
- Asia-Pacific Market, By Region, From 2022 - 2027 (USD Million)
- Asia-Pacific Market, By Region, From 2022 - 2027 (USD Million)
- Asia-Pacific Ophthalmology Devices Market, By Disorders, From 2022 - 2027 (USD Million)
- Asia-Pacific Cataract Market, By Region, From 2022 - 2027 (USD Million)
- Asia-Pacific Glaucoma Market, By Region, From 2022 - 2027 (USD Million)
- Asia-Pacific Refractor disorders Market, By Region, From 2022 - 2027 (USD Million)
- Asia-Pacific Vitreo retinal disorder Market, By Region, From 2022 - 2027 (USD Million)
- Asia-Pacific Ophthalmology Devices Market, By Device, From 2022 - 2027 (USD Million)
- Asia-Pacific Canaloplasty devices Market, By Region, From 2022 - 2027 (USD Million)
- Asia-Pacific Computerized Field Analyser Market, By Region, From 2022 - 2027 (USD Million)
- China Ophthalmology Devices Market, By Application, From 2022 - 2027 (USD Million)
- China Ophthalmology Devices Market, By Disorders, From 2022 - 2027 (USD Million)
- China Ophthalmology Devices Market, By Device, From 2022 - 2027 (USD Million)
- India Ophthalmology Devices Market, By Application, From 2022 - 2027 (USD Million)
- India Ophthalmology Devices Market, By Disorders, From 2022 - 2027 (USD Million)
- India Ophthalmology Devices Market, By Device, From 2022 - 2027 (USD Million)
- Japan Ophthalmology Devices Market, By Application, From 2022 - 2027 (USD Million)
- Japan Ophthalmology Devices Market, By Disorders, From 2022 - 2027 (USD Million)
- Japan Ophthalmology Devices Market, By Device, From 2022 - 2027 (USD Million)
- South Korea Ophthalmology Devices Market, By Application, From 2022 - 2027 (USD Million)
- South Korea Ophthalmology Devices Market, By Disorders, From 2022 - 2027 (USD Million)
- South Korea Ophthalmology Devices Market, By Device, From 2022 - 2027 (USD Million)
- Australia Ophthalmology Devices Market, By Application, From 2022 - 2027 (USD Million)
- Australia Ophthalmology Devices Market, By Disorders, From 2022 - 2027 (USD Million)
- Australia Ophthalmology Devices Market, By Device, From 2022 - 2027 (USD Million)
- Latin America Ophthalmology Devices Market, By Region, From 2022 - 2027 (USD Million)
- Latin America Ophthalmology Devices Market, By Application, From 2022 - 2027 (USD Million)
- Latin America Diagnostics & Monitoring devices Market, By Region, From 2022 - 2027 (USD Million)
- Latin America Surgery Devices Market, By Region, From 2022 - 2027 (USD Million)
- Latin America Vision Care Devices Market, By Region, From 2022 - 2027 (USD Million)
- Latin America Market, By Region, From 2022 - 2027 (USD Million)
- Latin America Market, By Region, From 2022 - 2027 (USD Million)
- Latin America Ophthalmology Devices Market, By Disorders, From 2022 - 2027 (USD Million)
- Latin America Cataract Market, By Region, From 2022 - 2027 (USD Million)
- Latin America Glaucoma Market, By Region, From 2022 - 2027 (USD Million)
- Latin America Refractor disorders Market, By Region, From 2022 - 2027 (USD Million)
- Latin America Vitreo retinal disorder Market, By Region, From 2022 - 2027 (USD Million)
- Latin America Ophthalmology Devices Market, By Device, From 2022 - 2027 (USD Million)
- Latin America Canaloplasty devices Market, By Region, From 2022 - 2027 (USD Million)
- Latin America Computerized Field Analyser Market, By Region, From 2022 - 2027 (USD Million)
- Brazil Ophthalmology Devices Market, By Application, From 2022 - 2027 (USD Million)
- Brazil Ophthalmology Devices Market, By Disorders, From 2022 - 2027 (USD Million)
- Brazil Ophthalmology Devices Market, By Device, From 2022 - 2027 (USD Million)
- Argentina Ophthalmology Devices Market, By Application, From 2022 - 2027 (USD Million)
- Argentina Ophthalmology Devices Market, By Disorders, From 2022 - 2027 (USD Million)
- Argentina Ophthalmology Devices Market, By Device, From 2022 - 2027 (USD Million)
- Mexico Ophthalmology Devices Market, By Application, From 2022 - 2027 (USD Million)
- Mexico Ophthalmology Devices Market, By Disorders, From 2022 - 2027 (USD Million)
- Mexico Ophthalmology Devices Market, By Device, From 2022 - 2027 (USD Million)
- Middle East & Africa Ophthalmology Devices Market, By Region, From 2022 - 2027 (USD Million)
- Middle East & Africa Ophthalmology Devices Market, By Application, From 2022 - 2027 (USD Million)
- Middle East & Africa Diagnostics & Monitoring devices Market, By Region, From 2022 - 2027 (USD Million)
- Middle East & Africa Surgery Devices Market, By Region, From 2022 - 2027 (USD Million)
- Middle East & Africa Vision Care Devices Market, By Region, From 2022 - 2027 (USD Million)
- Middle East & Africa Market, By Region, From 2022 - 2027 (USD Million)
- Middle East & Africa Market, By Region, From 2022 - 2027 (USD Million)
- Middle East & Africa Ophthalmology Devices Market, By Disorders, From 2022 - 2027 (USD Million)
- Middle East & Africa Cataract Market, By Region, From 2022 - 2027 (USD Million)
- Middle East & Africa Glaucoma Market, By Region, From 2022 - 2027 (USD Million)
- Middle East & Africa Refractor disorders Market, By Region, From 2022 - 2027 (USD Million)
- Middle East & Africa Vitreo retinal disorder Market, By Region, From 2022 - 2027 (USD Million)
- Middle East & Africa Ophthalmology Devices Market, By Device, From 2022 - 2027 (USD Million)
- Middle East & Africa Canaloplasty devices Market, By Region, From 2022 - 2027 (USD Million)
- Middle East & Africa Computerized Field Analyser Market, By Region, From 2022 - 2027 (USD Million)
- Middle East Ophthalmology Devices Market, By Application, From 2022 - 2027 (USD Million)
- Middle East Ophthalmology Devices Market, By Disorders, From 2022 - 2027 (USD Million)
- Middle East Ophthalmology Devices Market, By Device, From 2022 - 2027 (USD Million)
- Africa Ophthalmology Devices Market, By Application, From 2022 - 2027 (USD Million)
- Africa Ophthalmology Devices Market, By Disorders, From 2022 - 2027 (USD Million)
- Africa Ophthalmology Devices Market, By Device, From 2022 - 2027 (USD Million)
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