Sweden Ophthalmic Devices Market Size & Growth Report | 2031

Segments - Sweden Ophthalmic Devices Market by Devices (Surgical Devices and Diagnostics & Monitoring Devices) - Sweden Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

Author : Raksha Sharma

Fact-checked by : Vineet Pandey

Editor : Vishal Golekar

Report Description

The Sweden 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 4% during the forecast period, 2023 – 2031. The growth of the market is attributed to the growing elderly population and the incidence of eye diseases. Technological improvements in ophthalmic equipment, government measures to combat vision impairment, and rising usage of contact lenses and spectacles.

Ophthalmology is a medical specialty that analyzes the anatomy, function, and disorders of the eyes. Ophthalmic devices are medical devices used in eyesight correction, surgery, and diagnostics. Due to the growing frequency of ophthalmic illnesses such as glaucoma, cataracts, and other vision-related concerns, these devices are gaining significance and usage. Eye diseases have arisen as a potential hazard to populations in many developed and developing nations. According to Eurostat surgical operations and procedures figures, the number of cataract surgeries conducted in Sweden during 2017 was expected to be 1042.5 per 100,000 people. Medical devices are required in the area of ophthalmology for a variety of purposes, including diagnosis, visual care, and surgery.

Sweden Ophthalmic Devices Market Outlook

An ophthalmic medical device is a device that is used in optometry and ophthalmology to serve a medical function. These devices vary from non-invasive diagnostic equipment and tools to invasive devices like contact lenses (and their related care items) and implantable devices like intraocular lenses and glaucoma stents. Surgical tools and systems, such as lasers and phacoemulsification machines, are examples of these devices. Most ophthalmologists nowadays sell used equipment and ophthalmic instruments in order to update to new technology. In general, there are several advantages of purchasing secondhand instruments from both online and offline sources. The majority of reputable internet retailers provide a large selection of secondhand gadgets at reasonable prices. One of the primary benefits of purchasing used devices is that they are available at reasonable rates from both online and offline retailers. Nevertheless, because these tools are used for surgical operations and exams, it is critical to select high-quality goods. For effective practice, the devices must be in excellent working order.

Market Trends, Drivers, Restraints, and Opportunities

Growing incidence of eye-related diseases is projected to fuel the market during the forecast period.
Rising elderly population and incidence of eye diseases are key factors propelling the market in the coming years.
High cost of product is expected to restrict the market growth.
Lack of adequate healthcare insurance act as major challenge that can hinder the market during the forecast period.
R&D investment and technological advancement is expected to created lucrative opportunities for the market players.

Scope of the Report

The report on the Sweden 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	Sweden 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 and Diagnostics & Monitoring Devices)
Geographical Scope	Sweden
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.; Ziemer Group AG; Bausch Health Companies Inc.; Carl Zeiss Meditec AG; Johnson and Johnson

Market Segment Insights

The diagnostics & monitoring segment is projected to hold a major market share

On the basis of devices, the Sweden ophthalmic devices market is bifurcated into surgical devices and diagnostics & monitoring devices. The diagnostics & monitoring segment is expected to represent a key share of the market during the forecast period. Low vision is a result of visual impairments, and this condition appears to be on the top in Sweden. According to the European blind union, there are approximately 30 million persons in Europe who are blind or partly sighted. The number is expected to become much higher. As a result, the necessity for detection and treatment of common eye illnesses like as cataracts, amblyopia, and glaucoma has increased significantly in recent years, fueling the need for ophthalmic devices throughout the projected period.

Sweden Ophthalmic Devices Market Devices

Segments

The Sweden ophthalmic devices market has been segmented on the basis of

Devices

Surgical Devices
Diagnostics & Monitoring Devices

Key Players

Alcon Inc.
Ziemer Group AG
Bausch Health Companies Inc.
Carl Zeiss Meditec AG
Johnson and Johnson

Competitive Landscape

Key players competing in the Sweden ophthalmic devices market include Alcon Inc., Ziemer Group AG, Bausch Health Companies Inc., Carl Zeiss Meditec AG, and Johnson and Johnson.

Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.

Sweden Ophthalmic Devices Market Key Players

Table Of Content

1. Executive Summary
2. 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 (000â€™ 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. Alcon Inc.
     11.4.2. Ziemer Group AG
     11.4.3. Bausch Health Companies Inc.
     11.4.4. Carl Zeiss Meditec AG
     11.4.5. Johnson and Johnson