Global Ophthalmic Equipment Market

Global Ophthalmic Equipment Market Size, Trends & Analysis with Covid-19 Impact - Forecasts To 2026 By Type of Product (Vision Care Products, Surgical Devices, Diagnostic & Monitoring Devices), By End-User (Consumers, Hospitals, Specialty Clinics & Ambulatory Surgical Centers, Other End Users), By Region (North America, Europe, Asia Pacific and Rest of the World); and Company Market Share Analysis & Competitor Analysis

Category Healthcare
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Ophthalmic Equipment Market: Insights

The global demand for ophthalmic equipment will be driven at a high CAGR over the coming years 2020-2026. Ophthalmic instruments are surgical devices designed for diagnosis, surgery, and correction of vision.  The growing numerous ophthalmic disorders such as glaucoma, cataract, and other vision-related issues are propelling the market growth for ophthalmic equipment. These devices have increased relevance and adoption in the healthcare industry. Some of the key factors expected to drive the growth of the ophthalmic equipment market are the rising acceptance of redeveloped ophthalmic devices along with the growing geriatric population base prone to chronic eye disease. Moreover, the growing technical developments, including intraocular lenses (IOLs), combined with a rising focus on customer training and education by eye care practitioners on eye diseases and related complications are also driving the market growth. Furthermore, the use of teleophthalmology facilities for patients in the need of immediate follow-up and rising device-related awareness are some of the drivers projected to fuel growth in the market. However, the lack of skilled practitioners and the least awareness about eye-related diseases are some of the factors hampering the market growth during the forecast period.

Ophthalmic Equipment Market: By Type of Product

Based on the study of the product type, this market can be explained into three segments namely, vision care products, diagnostic & monitoring devices, and surgical devices. The surgical device segment will witness the fastest growth over the forecast period. The increasing prevalence of numerous chronic diseases is leading to impaired vision problems. Increase awareness among people about early detection of diseases clubbed with the rising adoption of ophthalmic procedures such as cataract procedure will add fuel to the growth of the ophthalmic equipment market.

Ophthalmic Equipment Market: By End-User

Given by the end-user, the global ophthalmic equipment market is explained into hospitals, consumers, specialty clinics, and ambulatory surgical centers, among other end users. The ambulatory surgical centers which are owned by large-sized hospitals are analyzed to be the largest market shareholders from 2020 to 2026. This is due to the incidence of chronic diseases, and some of the factors that are driving the demand among customers.

Ophthalmic Equipment Market: By Region

The North America region will be the largest revenue contributor in the market between the forecast period. The increasing healthcare spending in the region along with the high usage of ophthalmic instruments in the healthcare units is propelling the market growth. Furthermore, the increased number of healthcare professionals and ambulatory care facilities are boosting the market growth in the region. Asia-Pacific region will propel at a high growth rate expected between the forecast period. The rising prevalence of chronic diseases in developing countries such as India and China are expanding the demand for ophthalmic equipment. The rising investment in healthcare facilities will fuel the growth of the APAC region between the forecast period.

Ophthalmic Equipment Market Share & Competitor Analysis

The key players operating in this market are Abbott Laboratories, Alcon, Topcon Corporation, Valeant Pharmaceuticals International, Inc., Bausch & Lomb, Carl Zeiss, Essilor International, HAAG STREIT, Hoya Corporation, Johnson & Johnson, NIDEK, Novartis AG, STAAR Surgical, and Ziemer Ophthalmic Systems, among others.

Please note: This is not an exhaustive list of companies profiled in the report.

In May 2020, Bausch along with Lomb introduced the first EDOF IOL LuxSmart and IOL LuxGood monofocal device with preconfigured delivery and pure refractive optics (PRO) technology.

Related Report: Ophthalmic Surgical Instruments Market Size & Analysis - Forecasts To 2025

Ophthalmic Equipment Market: By Type of Product

  1. Introduction 
    1. Ophthalmic Equipment Market, By Type of Product, 2019-2026 (USD Million)
  2. Vision Care Products          
    1. Vision Care Products: Ophthalmic Equipment Market, 2019-2026 (USD Million)
      1. Spectacles: Ophthalmic Equipment Market, 2019-2026 (USD Million)
      2. Contact Lenses: Ophthalmic Equipment Market, 2019-2026 (USD Million)
  3. Surgical Devices      
    1. Surgical Devices: Ophthalmic Equipment Market, 2019-2026 (USD Million)
      1. Cataract Surgical Devices: Ophthalmic Equipment Market, 2019-2026 (USD Million)
      2. Ophthalmic Viscoelastic Devices: Ophthalmic Equipment Market, 2019-2026 (USD Million)
      3. Vitreoretinal Surgical Devices: Ophthalmic Equipment Market, 2019-2026 (USD Million)
      4. Refractive Surgical Devices: Ophthalmic Equipment Market, 2019-2026 (USD Million)
      5. Glaucoma Surgical Devices: Ophthalmic Equipment Market, 2019-2026 (USD Million)
      6. Ophthalmic Microscopes: Ophthalmic Equipment Market, 2019-2026 (USD Million)
      7. Ophthalmic Surgical Accessories: Ophthalmic Equipment Market, 2019-2026 (USD Million)
  4. Diagnostic & Monitoring Devices  
    1. Diagnostic & Monitoring Devices: Ophthalmic Equipment Market, 2019-2026 (USD Million)
      1. Optical Coherence Tomography Scanners: Ophthalmic Equipment Market, 2019-2026 (USD Million)
      2. Fundus Cameras: Ophthalmic Equipment Market, 2019-2026 (USD Million)
      3. Perimeters/Visual Field Analyzers: Ophthalmic Equipment Market, 2019-2026 (USD Million)
      4. Autorefractors & Keratometers: Ophthalmic Equipment Market, 2019-2026 (USD Million)
      5. Ophthalmic Ultrasound Imaging Systems: Ophthalmic Equipment Market, 2019-2026 (USD Million)
      6. Tonometers: Ophthalmic Equipment Market, 2019-2026 (USD Million)
      7. Slit Lamps: Ophthalmic Equipment Market, 2019-2026 (USD Million)
      8. Phoropters: Ophthalmic Equipment Market, 2019-2026 (USD Million)
      9. Wavefront Aberrometers: Ophthalmic Equipment Market, 2019-2026 (USD Million)
      10. Optical Biometry Systems: Ophthalmic Equipment Market, 2019-2026 (USD Million)
      11. Ophthalmoscopes: Ophthalmic Equipment Market, 2019-2026 (USD Million)
      12. Lensmeters: Ophthalmic Equipment Market, 2019-2026 (USD Million)
      13. Corneal Topography Systems: Ophthalmic Equipment Market, 2019-2026 (USD Million)
      14. Chart Projectors: Ophthalmic Equipment Market, 2019-2026 (USD Million)
      15. Specular Microscopes: Ophthalmic Equipment Market, 2019-2026 (USD Million)
      16. Retinoscopes: Ophthalmic Equipment Market, 2019-2026 (USD Million)

Ophthalmic Equipment Market: By End-User

  1. Introduction
    1. Ophthalmic Equipment Market, By End-User, 2019-2026 (USD Million)           
  2. Consumers    
    1. Consumers: Ophthalmic Equipment Market, 2019-2026 (USD Million)
  3. Hospitals       
    1. Hospitals: Ophthalmic Equipment Market, 2019-2026 (USD Million)
  4. Specialty Clinics & Ambulatory Surgery Centers     
    1. Specialty Clinics & Ambulatory Surgery Centers: Ophthalmic Equipment Market, 2019-2026 (USD Million)
  5. Other End Users        
    1. Other End Users: Ophthalmic Equipment Market, 2019-2026 (USD Million)

Ophthalmic Equipment Market: By Region

  1. Introduction 
    1. Global Ophthalmic Equipment Market, By Region, 2019-2026 (USD Million)  
  2. North America         
    1. By Type of Product   
      1. North America Ophthalmic Equipment Market, By Type of Product, 2019-2026 (USD Million)
    2. By End-User
      1. North America Ophthalmic Equipment Market, By End-User, 2019-2026 (USD Million)
    3. By Country     
      1. U.S
        1. By Type of Product
          1. U.S Ophthalmic Equipment Market, By Type of Product, 2019-2026 (USD Million)
        2. By End-User   
          1. U.S Ophthalmic Equipment Market, By End-User, 2019-2026 (USD Million)
      2. Canada
        1. By Type of Product   
          1. Canada Ophthalmic Equipment Market, By Type of Product, 2019-2026 (USD Million)
        2. By End-User   
          1. Canada Ophthalmic Equipment Market, By End-User, 2019-2026 (USD Million)
      3. Mexico           
        1. By Type of Product   
          1. Mexico Ophthalmic Equipment Market, By Type of Product, 2019-2026 (USD Million)   
        2. By End-User   
          1. Mexico Ophthalmic Equipment Market, By End-User, 2019-2026 (USD Million) 
  3. Europe          
    1. By Type of Product   
      1. Europe Ophthalmic Equipment Market, By Type of Product, 2019-2026 (USD Million)
    2. By End-User   
      1. Europe Ophthalmic Equipment Market, By End-User, 2019-2026 (USD Million)         
    3. By Country     
      1. Germany        
        1. By Type of Product   
          1. Germany Ophthalmic Equipment Market, By Type of Product, 2019-2026 (USD Million)   
        2. By End-User   
          1. Germany Ophthalmic Equipment Market, By End-User, 2019-2026 (USD Million) 
      2. UK      
        1. By Type of Product   
          1. UK Ophthalmic Equipment Market, By Type of Product, 2019-2026 (USD Million) 
        2. By End-User   
          1. UK Ophthalmic Equipment Market, By End-User, 2019-2026 (USD Million)  
      3. France
        1. By Type of Product   
          1. France Ophthalmic Equipment Market, By Type of Product, 2019-2026 (USD Million)   
        2. By End-User   
          1. France Ophthalmic Equipment Market, By End-User, 2019-2026 (USD Million)             
      4. Italy    
        1. By Type of Product   
          1. Italy Ophthalmic Equipment Market, By Type of Product, 2019-2026 (USD Million) 
        2. By End-User   
          1. Italy Ophthalmic Equipment Market, By End-User, 2019-2026 (USD Million) 
      5. Rest Of Europe          
        1. By Type of Product   
          1. Rest Of Europe Ophthalmic Equipment Market, By Type of Product, 2019-2026 (USD Million)     
        2. By End-User   
          1. Rest Of Europe Ophthalmic Equipment Market, By End-User, 2019-2026 (USD Million)   
  4. Asia Pacific  
    1. By Type of Product   
      1. Asia Pacific Ophthalmic Equipment Market, By Type of Product, 2019-2026 (USD Million)     
      2. By End-User   
        1. Asia Pacific Ophthalmic Equipment Market, By End-User, 2019-2026 (USD Million)         
      3. By Country     
        1. China 
          1. By Type of Product   
            1. China Ophthalmic Equipment Market, By Type of Product, 2019-2026 (USD Million)      
          2. By End-User   
            1. China Ophthalmic Equipment Market, By End-User, 2019-2026 (USD Million)    
        2. Japan 
          1. By Type of Product   
            1. Japan Ophthalmic Equipment Market, By Type of Product, 2019-2026 (USD Million)      
          2. By End-User   
            1. Japan Ophthalmic Equipment Market, By End-User, 2019-2026 (USD Million)    
        3. India  
          1. By Type of Product   
            1. India Ophthalmic Equipment Market, By Type of Product, 2019-2026 (USD Million)
          2. By End-User   
            1. India Ophthalmic Equipment Market, By End-User, 2019-2026 (USD Million)    
        4. Australia        
          1. By Type of Product   
            1. Australia Ophthalmic Equipment Market, By Type of Product, 2019-2026 (USD Million)      
          2. By End-User   
            1. Australia Ophthalmic Equipment Market, By End-User, 2019-2026 (USD Million)                            
        5. Rest of APAC
          1. By Type of Product   
            1. Rest of APAC Ophthalmic Equipment Market, By Type of Product, 2019-2026 (USD Million)        
          2. By End-User   
            1. Rest of APAC Ophthalmic Equipment Market, By End-User, 2019-2026 (USD Million)
  5. Middle East & Africa           
    1. By Type of Product   
      1. Middle East & Africa Ophthalmic Equipment Market, By Type of Product, 2019-2026 (USD Million)        
    2. By End-User   
      1. Middle East & Africa Ophthalmic Equipment Market, By End-User, 2019-2026 (USD Million)     
    3. By Country     
      1. Saudi Arabia 
        1. By Type of Product   
          1. Saudi Arabia Ophthalmic Equipment Market, By Type of Product, 2019-2026 (USD Million)     
        2. By End-User   
          1. Saudi Arabia Ophthalmic Equipment Market, By End-User, 2019-2026 (USD Million)
      2. UAE    
        1. By Type of Product   
          1. UAE Ophthalmic Equipment Market, By Type of Product, 2019-2026 (USD Million) 
        2. By End-User   
          1. UAE Ophthalmic Equipment Market, By End-User, 2019-2026 (USD Million) 
  6. Central & South America   
    1. By Type of Product   
      1. Central & South America,  Ophthalmic Equipment Market, By Type of Product, 2019-2026 (USD Million)
    2. By End-User   
      1. Central & South America,  Ophthalmic Equipment Market, By End-User, 2019-2026 (USD Million)        
    3. By Country     
      1. Brazil 
        1. By Type of Product
          1. Brazil, Ophthalmic Equipment Market, By Type of Product, 2019-2026 (USD Million)   
        2. By End-User   
          1. Brazil, Ophthalmic Equipment Market, By End-User, 2019-2026 (USD Million)

The Global Ophthalmic Equipment Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

Ophthalmic Equipment Market

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Ophthalmic Equipment Market.

Ophthalmic Equipment Market

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Ophthalmic Equipment Market

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.

Ophthalmic Equipment Market

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