The size of the global ophthalmology devices market is estimated at USD 38.4 billion in 2020 and is forecasted to worth USD 50.19 Billion by 2025, with a CAGR of 5.5% during the forecast period.
The Ophthalmology devices industry is a key growth area in the medical world with an increasing demand for solutions to improve millions of people's lives. The rising prevalence of the aging population and various ocular diseases has created tremendous opportunities in the global ophthalmic devices market that include cataract, refractive, glaucoma surgical devices, and so on. The growth is likely is sustain in the near future with the increasing awareness among individuals and rapid approvals.
Ophthalmology is the branch of medicine which deals with the diseases related to the eyes, physiology, and anatomy. It encompasses various surgical devices that are primarily used in the treatment of eye conditions and infections. The devices help in decreasing the treatment time while offering better quality eye care protection to the patients. They also assist in making the treatment process for eyes more convenient for both the patients and ophthalmologists.
The ophthalmology device market has emerged as one of the fastest-growing medical device market segments in recent years. This rise in demand is attributed to the increase in the aging population, an increase in the prevalence of eye diseases, and advancements in ophthalmology treatment. Rising spending on healthcare, increasing investments by governments, and continuous development in the medical field have contributed to propelling the ophthalmology market in recent years.
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 at a large size in the coming years. 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.
However, a few factors are hampering the growth of the market that include lack of healthcare insurance in the emerging countries, lack of awareness among individuals about diseases like glaucoma, and poor healthcare infrastructure.
REPORT COVERAGE:
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REPORT METRIC |
DETAILS |
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Market Size Available |
2019 to 2025 |
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Base Year |
2019 |
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Forecast Period |
2020 to 2025 |
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Segments Covered |
By Application, Type of Disorder, Device and Region |
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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 |
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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 2025.
Ophthalmology Devices Market - By Application:
Based on the application, the vision care devices segment expected to dominate the Global Ophthalmology Devices Market.
Ophthalmology Devices Market - By Type of Disorder:
Based on the type of disorder, the cataract segment held a significant percentage of the ophthalmic devices market.
Ophthalmology Devices Market - By Device:
Ophthalmology Devices Market - By Region:
PROMINENT COMPANIES IN THIS MARKET
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 HAPPENINGS IN THIS MARKET
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
Appendix
a) List of Tables
b) List of Figures
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