Global Ophthalmology Devices Market by Products [Ophthalmic Surgical Devices (Refractive Error Surgical Devices, Glaucoma Surgical Devices, Cataract Surgery Devices, and Vitreoretinal Surgical Devices), Ophthalmic Diagnostic Devices (Refractors, Corneal Topography Systems, Retinal Ultrasound Systems, Fundus Camera, Ophthalmoscopes, Optical Coherence Tomography Systems, Perimeters, Slit Lamps, and Tonometer), and Ophthalmic Vision Care Devices (Contact Lenses and Spectacle Lenses)], Applications [Cataract Surgery, Vision Care, Ophthalmic Wound Care, Oculoplastic, and Others], End-users [Hospitals, Academics, Ambulatory Surgery Centers, Eye Research Institutes, Research Laboratories, Diagnosis Clinics, Franchise Optical Stores, and Government Agencies], and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
The global ophthalmology devices market size is anticipated to expand at substantial CAGR of 4.2% and is projected to reach USD 66,719.3 million during the forecast period, between 2021 and 2028. Ophthalmology devices are designed for surgery, diagnosis, and vision correction. These devices are primarily used to treat vision-related issues, including various eye conditions and infections. Ophthalmology devices offer benefits such as reducing the treatment time, offering high-quality eye care to patients, and aiding in the eye-treatment process, making it convenient for patients as well as ophthalmologists. These devices gained popularity and importance, due to high prevalence of various ophthalmic diseases such as glaucoma and cataract among adults.
Market Trends, Drivers, Restraints, and Opportunities:
- Rising government initiatives and support to control visual weakening are boosting the market.
- Growing old age population with high prevalence of eye disease, obesity, cataracts, diabetic, glaucoma, and age-related macular-degeneration (AMD) are driving the market.
- Increasing demand and adoption of spectacles and contact lenses are fueling the market.
- High cost associated with ophthalmology devices and shortage of ophthalmologists or skilled professionals are restricting the market growth.
- Lack of awareness, low access to eye care in underdeveloped economies, and lack of compensation for ophthalmic surgical procedures are hampering the growth of the market.
- Increasing technological advancements in ophthalmology devices with untapped potential are creating opportunities for the market growth.
Scope of the report:
The report on ophthalmology devices market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
| Attributes | Details |
| Report Title | Ophthalmology Devices Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
| Base Year | 2020 |
| Historic Data | 2018–2019 |
| Forecast Period | 2021–2028 |
| Segmentation | Products [Ophthalmic Surgical Devices (Refractive Error Surgical Devices, Glaucoma Surgical Devices, Cataract Surgery Devices, and Vitreoretinal Surgical Devices), Ophthalmic Diagnostic Devices (Refractors, Corneal Topography Systems, Retinal Ultrasound Systems, Fundus Camera, Ophthalmoscopes, Optical Coherence Tomography Systems, Perimeters, Slit Lamps, and Tonometer), and Ophthalmic Vision Care Devices (Contact Lenses and Spectacle Lenses)], Applications [Cataract Surgery, Vision Care, Ophthalmic Wound Care, Oculoplastic, and Others], End-users [Hospitals, Academics, Ambulatory Surgery Centers, Eye Research Institutes, Research Laboratories, Diagnosis Clinics, Franchise Optical Stores, and Government Agencies] |
| Regional Scope | Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
| Report Coverage | Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
| Key Players Covered in the Report | Bausch & Lomb Incorporated, Carl Zeiss Meditec AG, GCI, Glaukos Corporation, Gulden Ophthalmics, Heidelberg Engineering Inc, HOYA Vision Care Company, Johnson & Johnson Vision Care, Inc, NIDEK Vo., LTD, Sonomed Escalon, STAAR SURGICAL, and Zeimer Ophthalmic Systems |
Ophthalmology Devices Market Segment Insights:
Increasing usage of ophthalmic surgical devices to drive the market
In terms of products, the ophthalmology devices market is segmented into ophthalmic surgical devices (including refractive error surgical devices, glaucoma surgical devices, cataract surgery devices, and vitreoretinal surgical devices), ophthalmic diagnostic devices (including refractors, corneal topography systems, retinal ultrasound systems, fundus camera, ophthalmoscopes, optical coherence tomography systems, perimeters, slit lamps, and tonometer), and ophthalmic vision care devices (including contact lenses and spectacle lenses). The ophthalmic surgical devices segment held an extensive share of the market in 2020 and the segment is expected to continue to grow in the forecast period, due to increasing usage of refractive error surgical devices, glaucoma surgical devices, cataract surgery devices, and vitreoretinal surgical devices associated with growing incidence and prevalence of eye diseases such as glaucoma, refractive errors, cataract, and diabetic retinopathy and growing old age population with eye or vision disease.
High need of cataract surgery to drive the market
On the basis of applications, the ophthalmology devices market is segregated into cataract surgery, vision care, ophthalmic wound care, oculoplastic, and others. The cataract surgery segment held an extensive share of the market in 2020 and is estimated to grow in the forecast period. Cataract Surgery is required when a person loses vision to read, write or drive. Mostly, it occurs in old people, due to changes in their retina or by diabetic retinopathy. Additionally, cataract surgery is needed for those with inherited genetic disorders. Hence, the cataract surgery segment is projected to expand at a significant rate in the forecast period.
Consumer segment to drive the market
Based on end-users, the ophthalmology devices market is fragmented into consumers, hospitals, academics, ambulatory surgery centers, eye research institutes, research laboratories, diagnosis clinics, franchise optical stores, and government agencies. The consumer segment constituted a significant market share in 2020 and is projected to expand at a rapid rate during the forecast period. The growth in the consumer segment is associated with increasing awareness regarding eye care and growing prevalence of eye disorders worldwide. Furthermore, growing need and adoption of contact lenses and spectacles among consumers globally fuels the segment.
Asia Pacific projected to grow at a significant rate in the forecasted period
In terms of regions, the ophthalmology devices market is split into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America constituted a significant share of the market in 2020 due to mergers and acquisitions conducted by key market players. The market in Asia Pacific is projected to expand at a significant CAGR during the forecast period, due to growing population associated with rapid increase in the geriatric population in countries such as India and China and large number of patients with glaucoma and cataract in Asia Pacific. Rising need for eye care institutions and increasing investments and funding by governments to develop healthcare infrastructure are promoting the growth of the ophthalmology devices market.
Segments
Segments Covered in the Report:
By Products
- Ophthalmic Surgical Devices
- Refractive Error Surgical Devices
- Glaucoma Surgical Devices
- Cataract Surgery Devices
- Vitreoretinal Surgical Devices
- Ophthalmic Diagnostic Devices
- Refractors
- Corneal Topography Systems
- Retinal Ultrasound Systems
- Fundus Camera
- Ophthalmoscopes
- Optical Coherence Tomography Systems
- Perimeters
- Slit Lamps
- Tonometer
- Ophthalmic Vision Care Devices
- Contact Lenses
- Spectacle Lenses
- Cataract Surgery
- Vision Care
- Ophthalmic Wound Care
- Oculoplastic
- Others
- Consumers
- Hospitals
- Academics
- Ambulatory Surgery Centers
- Eye Research Institutes
- Research Laboratories
- Diagnosis Clinics
- Franchise Optical Stores
- Government Agencies
- North America
- Europe
- Latin America
- Asia Pacific
- Middle East & Africa
- Bausch & Lomb Incorporated
- Carl Zeiss Meditec AG
- GCI
- Glaukos Corporation
- Gulden Ophthalmics
- Heidelberg Engineering Inc
- HOYA Vision Care Company
- Johnson & Johnson Vision Care, Inc
- NIDEK Vo., LTD
- Sonomed Escalon
- STAAR SURGICAL
- Zeimer Ophthalmic Systems
Competitive Landscape
Key players in the market include Bausch & Lomb Incorporated, Carl Zeiss Meditec AG, GCI, Glaukos Corporation, Gulden Ophthalmics, Heidelberg Engineering Inc, HOYA Vision Care Company, Johnson & Johnson Vision Care, Inc, NIDEK Vo., LTD, Sonomed Escalon, STAAR SURGICAL, and Zeimer Ophthalmic Systems. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Ophthalmology 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. Ophthalmology Devices Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Ophthalmology Devices Market - Supply Chain
4.5. Global Ophthalmology Devices Market Forecast
4.5.1. Ophthalmology Devices Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Ophthalmology Devices Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Ophthalmology Devices Market Absolute $ Opportunity
5. Global Ophthalmology Devices Market Analysis and Forecast by Applications
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Applications
5.2.2. Y-o-Y Growth Projections by Applications
5.3. Ophthalmology Devices Market Size and Volume Forecast by Applications
5.3.1. Cataract Surgery
5.3.2. Vision Care
5.3.3. Ophthalmic Wound Care
5.3.4. Oculoplastic
5.3.5. Others
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Ophthalmology Devices Market Analysis and Forecast by End Users
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by End Users
6.2.2. Y-o-Y Growth Projections by End Users
6.3. Ophthalmology Devices Market Size and Volume Forecast by End Users
6.3.1. Consumers
6.3.2. Hospitals
6.3.3. Academics
6.3.4. Ambulatory Surgery Centers
6.3.5. Eye Research Institutes
6.3.6. Research Laboratories
6.3.7. Diagnosis Clinics
6.3.8. Franchise Opt
6.4. Absolute $ Opportunity Assessment by End Users
6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Ophthalmology Devices Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Ophthalmology Devices Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Ophthalmology Devices Demand Share Forecast, 2019-2026
8. North America Ophthalmology 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
8.2. North America Ophthalmology Devices Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Ophthalmology Devices Market Size and Volume Forecast by Applications
8.4.1. Cataract Surgery
8.4.2. Vision Care
8.4.3. Ophthalmic Wound Care
8.4.4. Oculoplastic
8.4.5. Others
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
8.7. North America Ophthalmology Devices Market Size and Volume Forecast by End Users
8.7.1. Consumers
8.7.2. Hospitals
8.7.3. Academics
8.7.4. Ambulatory Surgery Centers
8.7.5. Eye Research Institutes
8.7.6. Research Laboratories
8.7.7. Diagnosis Clinics
8.7.8. Franchise Opt
8.8. Basis Point Share (BPS) Analysis by End Users
8.9. Y-o-Y Growth Projections by End Users
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Ophthalmology Devices Demand Share Forecast, 2019-2026
9. Latin America Ophthalmology 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. Latin America Average Pricing Analysis
9.2. Latin America Ophthalmology Devices Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Ophthalmology Devices Market Size and Volume Forecast by Applications
9.4.1. Cataract Surgery
9.4.2. Vision Care
9.4.3. Ophthalmic Wound Care
9.4.4. Oculoplastic
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
9.7. Latin America Ophthalmology Devices Market Size and Volume Forecast by End Users
9.7.1. Consumers
9.7.2. Hospitals
9.7.3. Academics
9.7.4. Ambulatory Surgery Centers
9.7.5. Eye Research Institutes
9.7.6. Research Laboratories
9.7.7. Diagnosis Clinics
9.7.8. Franchise Opt
9.8. Basis Point Share (BPS) Analysis by End Users
9.9. Y-o-Y Growth Projections by End Users
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Ophthalmology Devices Demand Share Forecast, 2019-2026
10. Europe Ophthalmology 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. Europe Average Pricing Analysis
10.2. Europe Ophthalmology Devices Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Ophthalmology Devices Market Size and Volume Forecast by Applications
10.4.1. Cataract Surgery
10.4.2. Vision Care
10.4.3. Ophthalmic Wound Care
10.4.4. Oculoplastic
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
10.7. Europe Ophthalmology Devices Market Size and Volume Forecast by End Users
10.7.1. Consumers
10.7.2. Hospitals
10.7.3. Academics
10.7.4. Ambulatory Surgery Centers
10.7.5. Eye Research Institutes
10.7.6. Research Laboratories
10.7.7. Diagnosis Clinics
10.7.8. Franchise Opt
10.8. Basis Point Share (BPS) Analysis by End Users
10.9. Y-o-Y Growth Projections by End Users
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Ophthalmology Devices Demand Share Forecast, 2019-2026
11. Asia Pacific Ophthalmology Devices Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Ophthalmology Devices Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Ophthalmology Devices Market Size and Volume Forecast by Applications
11.4.1. Cataract Surgery
11.4.2. Vision Care
11.4.3. Ophthalmic Wound Care
11.4.4. Oculoplastic
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
11.7. Asia Pacific Ophthalmology Devices Market Size and Volume Forecast by End Users
11.7.1. Consumers
11.7.2. Hospitals
11.7.3. Academics
11.7.4. Ambulatory Surgery Centers
11.7.5. Eye Research Institutes
11.7.6. Research Laboratories
11.7.7. Diagnosis Clinics
11.7.8. Franchise Opt
11.8. Basis Point Share (BPS) Analysis by End Users
11.9. Y-o-Y Growth Projections by End Users
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Ophthalmology Devices Demand Share Forecast, 2019-2026
12. Middle East & Africa Ophthalmology Devices Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Ophthalmology Devices Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Ophthalmology Devices Market Size and Volume Forecast by Applications
12.4.1. Cataract Surgery
12.4.2. Vision Care
12.4.3. Ophthalmic Wound Care
12.4.4. Oculoplastic
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Applications
12.6. Y-o-Y Growth Projections by Applications
12.7. Middle East & Africa Ophthalmology Devices Market Size and Volume Forecast by End Users
12.7.1. Consumers
12.7.2. Hospitals
12.7.3. Academics
12.7.4. Ambulatory Surgery Centers
12.7.5. Eye Research Institutes
12.7.6. Research Laboratories
12.7.7. Diagnosis Clinics
12.7.8. Franchise Opt
12.8. Basis Point Share (BPS) Analysis by End Users
12.9. Y-o-Y Growth Projections by End Users
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Ophthalmology Devices Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Ophthalmology Devices Market: Market Share Analysis
13.2. Ophthalmology Devices Distributors and Customers
13.3. Ophthalmology Devices Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Bausch & Lomb Incorporated
13.4.2. Carl Zeiss Meditec AG
13.4.3. GCI
13.4.4. Glaukos Corporation
13.4.5. Gulden Ophthalmics
13.4.6. Heidelberg Engineering Inc
13.4.7. HOYA Vision Care Company
Segments Covered in the Report:
By Products
- Ophthalmic Surgical Devices
- Refractive Error Surgical Devices
- Glaucoma Surgical Devices
- Cataract Surgery Devices
- Vitreoretinal Surgical Devices
- Ophthalmic Diagnostic Devices
- Refractors
- Corneal Topography Systems
- Retinal Ultrasound Systems
- Fundus Camera
- Ophthalmoscopes
- Optical Coherence Tomography Systems
- Perimeters
- Slit Lamps
- Tonometer
- Ophthalmic Vision Care Devices
- Contact Lenses
- Spectacle Lenses
- Cataract Surgery
- Vision Care
- Ophthalmic Wound Care
- Oculoplastic
- Others
- Consumers
- Hospitals
- Academics
- Ambulatory Surgery Centers
- Eye Research Institutes
- Research Laboratories
- Diagnosis Clinics
- Franchise Optical Stores
- Government Agencies
- North America
- Europe
- Latin America
- Asia Pacific
- Middle East & Africa
- Bausch & Lomb Incorporated
- Carl Zeiss Meditec AG
- GCI
- Glaukos Corporation
- Gulden Ophthalmics
- Heidelberg Engineering Inc
- HOYA Vision Care Company
- Johnson & Johnson Vision Care, Inc
- NIDEK Vo., LTD
- Sonomed Escalon
- STAAR SURGICAL
- Zeimer Ophthalmic Systems
Key players in the market include Bausch & Lomb Incorporated, Carl Zeiss Meditec AG, GCI, Glaukos Corporation, Gulden Ophthalmics, Heidelberg Engineering Inc, HOYA Vision Care Company, Johnson & Johnson Vision Care, Inc, NIDEK Vo., LTD, Sonomed Escalon, STAAR SURGICAL, and Zeimer Ophthalmic Systems. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.
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