Segments - Brazil Ophthalmic Devices Market by Devices (Surgical Devices [Glaucoma Devices, Intraocular Lenses, Lasers, and Others], Diagnostic and Monitoring Devices [Autorefractors and Keratometers, Ophthalmic Ultrasound Imaging Systems, Ophthalmoscopes, Optical Coherence Tomography Scanners, and Others], and Vision Correction Devices [Spectacles and Contact Lenses]), and Country - Brazil Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 –2031
The Brazil Ophthalmic Devices Market size was valued at USD XX Billion in 2022 and is expected to surpass USD XX Billion by 2031, expanding at a CAGR of 5.8% during the forecast period, 2023 – 2031. The growth of the market is attributed to increasing prevalence of ophthalmic diseases such as cataract and glaucoma.
The person who specializes in eye and vision care is known as an ophthalmologist. Ophthalmology is a branch of medical science that deals with the structure, function, and various eye diseases. An ophthalmologist performs vision tests and advised corrective lenses but, most importantly they perform eye surgeries and treats eye diseases. Ophthalmic procedures are widely used due to their benefits such as vision enhancement, quick recovery, faster results, and long-lasting visual results.
Variety of devices are available in the market, including high-end to low-end devices such as phoropters, refractors, contact lenses, diagnostics, implants, intraocular lenses, lasers, phacoemulsification systems, lens cleaning and disinfecting solutions, spectacles, scanning laser polarimetry devices, retinscopes, and ophthalmoscopes.
The COVID-19 pandemic negatively impacted the ophthalmic devices market as government imposed lockdown in various countries to mitigate the spread of virus. However, the relaxation in restrictions is estimated to propel the market growth.
Increasing adoption of refurbished ophthalmic devices is anticipated to drive the market growth during the forecast period.
Rising geriatric population is estimated to spur the market growth in the coming years.
Increasing number of people suffering from ophthalmic disorders is projected to boost the market growth in the coming years.
Rising government initiatives is anticipated to drive the market growth during the forecast period.
Growing demand and preference for minimally invasive surgeries is estimated to spur the market growth in the coming years.
Rising adoption of contact lenses and spectacles is projected to boost the market growth in the coming years.
High cost of the ophthalmic devices is estimated to restrict the market growth.
Risk associated with eye surgeries can restrict the market growth.
Lack of skilled professionals is estimated to restrict the market growth.
Untapped potential of emerging markets has led to new opportunities in the market.
The report on the Brazil ophthalmic devices market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Brazil Ophthalmic Devices Market- Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2022 |
Historic Data |
2016–2021 |
Forecast Period |
2023–2031 |
Segmentation |
Devices (Surgical Devices [Glaucoma Devices, Intraocular Lenses, Lasers, and Others], Diagnostic and Monitoring Devices [Autorefractors and Keratometers, Ophthalmic Ultrasound Imaging Systems, Ophthalmoscopes, Optical Coherence Tomography Scanners, and Others], and Vision Correction Devices [Spectacles and Contact Lenses]) |
Country |
Brazil |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Alcon Inc.; Carl Zeiss Meditec AG; Hoya Corporation; Johnson & Johnson; Nidek Co. Ltd; Topcon Corporation; and Ziemer Group AG |
Based on devices, the market is segmented into surgical devices, diagnostics and monitoring devices, and vision correction devices. The surgical devices segment is segregated into glaucoma devices, intraocular lenses, lasers, and others. The diagnostics and monitoring devices segment is classified as autorefractors and keratometers, ophthalmic ultrasound imaging systems, ophthalmoscopes, optical coherence tomography scanners, and others.
The vision correction devices segment is categorized as spectacles and contact lenses. The surgical devices segment is projected to constitute a major market share during the forecast period due to increasing incidence and prevalence of eye diseases such as refractive errors and diabetic retinopathy. On the other hand, the diagnostics and monitoring devices segment is anticipated to expand at a rapid pace during the forecast period owing to improved eyesight and eye health.
The Brazil ophthalmic devices market has been segmented on the basis of
Key players competing in the Brazil ophthalmic devices market includes Alcon Inc.; Carl Zeiss Meditec AG; Hoya Corporation; Johnson & Johnson; Nidek Co. Ltd; Topcon Corporation; and Ziemer Group AG.
Some of these players are engaging in business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market share.