China Ophthalmic Devices Market Size, & Growth Report | 2031
China Ophthalmic Devices Market Size, & Growth Report | 2031
Segments - China Ophthalmic Devices Market by Devices (Surgical Devices [Glaucoma Drainage Devices, Glaucoma Stents and Implants, Intraocular Lenses, Lasers and Others] and Diagnostic and Monitoring Devices [Autorefractors and Keratometers, Ophthalmic Ultrasound Imaging Systems, Ophthalmoscopes, Optical Coherence Tomography Scanners and Others]), and Country - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 - 2031
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| Report ID :HC-3690
| 4.6 Rating
| 78 Reviews
| 176 Pages
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Report Description
China Ophthalmic Devices Market Outlook 2031:
The China ophthalmic devices market size was valued at USD 4.51 Billion in 2022 and is projected to reach USD 9.47 Billion by 2031, expanding at a CAGR of 8.59% during the forecast period 2023 - 2031. The growth of the market is attributed to the increasing prevalence of eye disorders and vision loss.
Ophthalmology is known to be a field of clinical science that handles function, structure, and several eye diseases. Ophthalmic devices are clinical instruments that analyze and treat conditions of eyes.
They can be used with an eye-care professional’s supervision, but some can also be self-administered by patients as part of home care. These ranges from simple tonometers to laser surgical systems for correcting eyesight issues such as myopia and hypermetropia, utilized during medical procedures along different items.
At the point when the World Health Organization (WHO) declared Covid-19 as an overall pandemic in March 2020, routine medical care arrangements were kept away to keep patients from getting the infection, and ophthalmology services were especially affected.
Numerous strategies are elective and most patients are older and in risk of experiencing Covid-19 side effects. As the pandemic proceeds with an anticipated ‘third wave,’ ophthalmologists are endeavoring to reduce the backlog of strategies while adhering to safety protocols. The Covid-19 pandemic can prompt a long-term change in the ophthalmology market.
Ophthalmic Devices Market Trends, Drivers, Restraints, and Opportunities
- Growing geriatric population is estimated to accelerate the growth of the market.
- Rising awareness toward eye care is one of the key factors fueling the market growth.
- Growing implementation of advanced technologies along with increasing number of manufacturing of such devices is estimated to drive the market growth.
- High prevalence of visual impairment and blindness is one of the major factors driving the market growth.
- High cost of some devices can restrain the growth of the market.
- Rising demand for ongoing market shift toward image-guided interventions is expected to create lucrative opportunity for the China ophthalmic devices market.
Scope of the Ophthalmic Devices Market Report
The report on the China ophthalmic devices market includes an assessment of the market, trends, segments, and Geography markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Ophthalmic Devices Market - China Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Devices (Surgical Devices [Glaucoma Drainage Devices, Glaucoma Stents and Implants, Intraocular Lenses, Lasers and Others] and Diagnostic and Monitoring Devices [Autorefractors and Keratometers, Ophthalmic Ultrasound Imaging Systems, Ophthalmoscopes, Optical Coherence Tomography Scanners and Others]) |
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Country Scope |
China |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Johnson and Johnson; Alcon Inc.; Topcon Corporation ;Bausch Health Companies Inc.; Carl Zeiss Meditec AG; EssilorLuxottica SA; HAAG-Streit Group; Hoya Corporation; Nidek Co. Ltd; and Ziemer Ophthalmic Systems AG. |
China Ophthalmic Devices Market Segment Insights
Lasers segment is expected to grow at a robust pace
Based on devices, the market is segregated into surgical devices, diagnostic and monitoring devices. The surgical devices segment is further classified as glaucoma drainage devices, glaucoma stents and implants, intraocular lenses, lasers and others. The diagnostic and monitoring devices segment is further segmented into autorefractors and keratometers, ophthalmic ultrasound imaging systems, ophthalmoscopes, optical coherence tomography scanners, and others.
The lasers segment is anticipated to account for a significant market share during the forecast period due to rapid growth of the medical tourism industry due owing to the globalization of the healthcare system. The laser is a preferred surgical procedure for vision correction problems. It can fix astigmatism, nearsightedness, and farsightedness. The laser can be applied to the iris or the trabecular meshwork to allow aqueous fluid to flow more effectively within the eye and drain better by the normal drainage channels within the eye.
Segments
The China ophthalmic devices market has been segmented on the basis of
Devices
- Surgical Devices
- Glaucoma Drainage Devices
- Glaucoma Stents and Implants
- Intraocular Lenses
- Lasers
- Others
- Diagnostic and Monitoring Devices
- Autorefractors and Keratometers
- Ophthalmic Ultrasound Imaging Systems
- Ophthalmoscopes
- Optical Coherence Tomography Scanners
- Others
Country
- China
Key Players
- Johnson and Johnson
- Alcon Inc.
- Topcon Corporation
- Bausch Health Companies Inc.
- Carl Zeiss Meditec AG
- EssilorLuxottica SA
- HAAG-Streit Group
- Hoya Corporation
- Nidek Co. Ltd
- Ziemer Ophthalmic Systems AG
Competitive Landscape
Key players competing in the China ophthalmic devices market are Johnson and Johnson; Alcon Inc.; Topcon Corporation; Bausch Health Companies Inc.; Carl Zeiss Meditec AG; EsilorLuxottica SA; HAAG-Streit Group; Hoya Corporation; Nidek Co. Ltd; and Ziemer Ophthalmic Systems AG.
Frequently Asked Questions
The report covers market analysis, size, trends, competitive landscape, company share, growth factors, revenue forecast, and segmentation by device type within China.
Rising demand for image-guided interventions and ongoing technological innovation present lucrative opportunities for market expansion.
High costs of certain ophthalmic devices can restrain market growth, despite increasing demand and technological advancements.
Major companies include Johnson and Johnson, Alcon Inc., Topcon Corporation, Bausch Health Companies Inc., Carl Zeiss Meditec AG, EssilorLuxottica SA, HAAG-Streit Group, Hoya Corporation, Nidek Co. Ltd, and Ziemer Ophthalmic Systems AG.
The lasers segment is anticipated to grow at a robust pace due to the rising popularity of laser surgical procedures for vision correction and the growth of medical tourism.
The market is segmented into surgical devices (including glaucoma drainage devices, stents and implants, intraocular lenses, lasers, and others) and diagnostic and monitoring devices (such as autorefractors, keratometers, ultrasound imaging systems, ophthalmoscopes, and optical coherence tomography scanners).
The Covid-19 pandemic led to a reduction in routine medical care, especially affecting ophthalmology services, and caused a backlog of elective procedures, potentially leading to long-term changes in the market.
Key drivers include the increasing prevalence of eye disorders and vision loss, a growing geriatric population, rising awareness toward eye care, and the implementation of advanced technologies.
The China ophthalmic devices market is projected to grow at a CAGR of 8.59% during the forecast period 2023 to 2031.
The China ophthalmic devices market is expected to reach USD 9.47 billion by 2031, growing from USD 4.51 billion in 2022.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Ophthalmic Devices Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Ophthalmic Devices Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Ophthalmic Devices Market - Supply Chain
4.5. Global Ophthalmic Devices Market Forecast
4.5.1. Ophthalmic Devices Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Ophthalmic Devices Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Ophthalmic Devices Market Absolute $ Opportunity
5. Global Ophthalmic Devices Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Ophthalmic Devices Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Ophthalmic Devices Demand Share Forecast, 2019-2026
6. North America Ophthalmic Devices Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Ophthalmic Devices Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Ophthalmic Devices Demand Share Forecast, 2019-2026
7. Latin America Ophthalmic Devices Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Ophthalmic Devices Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Ophthalmic Devices Demand Share Forecast, 2019-2026
8. Europe Ophthalmic Devices Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Ophthalmic Devices Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Ophthalmic Devices Demand Share Forecast, 2019-2026
9. Asia Pacific Ophthalmic Devices Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Ophthalmic Devices Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Ophthalmic Devices Demand Share Forecast, 2019-2026
10. Middle East & Africa Ophthalmic Devices Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Ophthalmic Devices Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Ophthalmic Devices Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Ophthalmic Devices Market: Market Share Analysis
11.2. Ophthalmic Devices Distributors and Customers
11.3. Ophthalmic Devices Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. Johnson and Johnson
11.4.2. Alcon Inc.
11.4.3. Topcon Corporation
11.4.4. Bausch Health Companies Inc.
11.4.5. Carl Zeiss Meditec AG
11.4.6. EssilorLuxottica SA
11.4.7. HAAG-Streit Group
Methodology
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