Ophthalmology equipment market was valued at USD 48.59 billion in 2021, and is expected to reach USD 69.85 billion by 2029, exhibiting a CAGR of 4.64 % during the forecast period (2022-2029).
Ophthalmology Devices Market Overview:
The Ophthalmology Devices market study provides a complete picture of the competition, including the market share and company profiles of the leading industry competitors worldwide. The scope of the research includes a thorough assessment of the ophthalmology equipment market, as well as the reasons for changes in the growth of the industry in a number of sectors.
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Market scope:
To validate the market size and estimate the market size by various segments, top-down and bottom-up methodologies are used. Market research estimates are based on selling price (excluding any discounts offered by the manufacturer, distributor, wholesaler or dealers). Weights applied to each section based on usage rate and average selling price are used to determine percentage splits, market shares, and segment splits. The percentage of adoption or use of the offered market Size in the relevant region or nation is used to determine country-wise breakdowns of the overall market and its sub-segments.
Segmentation:
according to the Product
Vision Care Devices
Surgical equipment
Diagnostic equipment
Monitoring equipment
By products, the cataract category held the largest share of 41.6% profit in the ophthalmic devices market in 2021 and is projected to witness significant growth during the forecast period. This is explained by the widespread use of ophthalmic equipment for cataract surgery. The World Health Organization (WHO) says. About 51 percent of all incidents of blindness worldwide are due to cataracts. During the forecast period, the refractory disorders market is expected to develop at the fastest pace. The World Health Organization (WHO) estimates that 2.2 billion individuals worldwide suffer from a near or farsightedness impairment.
Global Ophthalmology Devices Market by Product (2021-2029)
Care equipment
Equipment Equipment
Diagnostic and monitoring equipment
Global Ophthalmology Devices Market, By Application (2021-2029)
Vision Care
Ophthalmic wound care
Cataract devices
Oculoplastic
Others
Global Ophthalmology Devices Market, End User (2021-2029)
Diagnostic clinics
Exclusive optical shop
Eye Research Institute
Government agencies and academics
Key players:
Primary and secondary research is used to identify market leaders, while primary and secondary research is used to determine market revenue. Primary research included in-depth interviews with key opinion leaders and industry specialists, such as experienced front-line personnel, CEOs and marketing executives. Secondary research included a review of annual and financial reports of major manufacturers, while primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs and marketing executives. Secondary sources are used to calculate percentage shares, market shares, growth rates and global market shares, which are then checked using primary data.
The major players in the Ophthalmology Devices market are as follows:
- Abbott Medical Optics, Inc.
• Alcon Inc.
• Appasamy Associates
• Aurolab
• Bausch & Lomb Inc.
• Carl-Zeiss AG
• CIBA Vision Corp.
• Ellex Medical Lasers Ltd
• Essilor International SA
• Haag-Streit AG
• Hoya Corp.
• Johnson & Johnson Vision Care, Inc.
• Menicon Co., Ltd.
• NIDEK CO., LTD.
• Oertli Instrument AG
• Rayner Ltd. intraocular lens
• Santen Pharmaceutical Co., Ltd
• STAAR Surgical Company
• Technolas Perfect Vision GmbH
• Ziemer Ophthalmic Systems AG
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Individual components influencing the market and changes in market regulations influencing current and future market trends are also included in the regional summary of the Ophthalmology Devices market analysis. Current and future trends are researched to assess the full potential of the market and identify profitable patterns in order to gain a stronger foothold. The geographic assessment of the market is based on the current environment and expected developments.
Analysis of the impact of COVID-19 on the ophthalmology equipment market:
Due to the suspension of operations, the end-user sectors where Ophthalmology Devices are used experienced a decline in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom and the United States, as well as Spain, France and India. This resulted in a significant decline in the revenue of firms in these industries as well as demand for ophthalmology equipment manufacturers, harming the growth of the ophthalmology equipment market in 2020. As a result of lockdowns and an increase in incidents of COVID-19 worldwide, end-user business demand for Ophthalmic Equipment has declined.
The key questions answered in the Ophthalmic Devices Market Report are:
- In 2021, which segment accounted for the largest share of the Ophthalmic Devices market?
- What is the competitive landscape of the Ophthalmology Devices market?
- What are the key factors influencing the growth of the Ophthalmic Devices market?
- In the Ophthalmic Devices market, which region holds the largest market share?
- What will be the CAGR of Ophthalmology Devices market during the forecast period (2022-2027)?
About Market Research Maximization:
Maximize Market Research is a multifaceted market research and consulting company comprised of professionals from various industries. Our coverage includes medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, automotive, chemical products, general merchandise, beverages, personal care and automated systems, among others. We provide market-verified industry assessments, technical trend analysis, relevant market research, strategic advice, competitive analysis, production and demand analysis and customer impact studies.
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