Ophthalmology Devices Market

Global Ophthalmology Devices Market

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raksha

Author :

Raksha Sharma

Vineet

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Vineet Pandey

Vishal

Editor :

Vishal Golekar

Global Ophthalmology Devices Market Outlook 2031

The global ophthalmology devices market size was USD 6.60 Billion in 2022 and is anticipated to reach USD 10.15 Billion by 2031 expand at substantial CAGR of 4.9% during the forecast period, between 2023 - 2031. 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.

Ophthalmology Devices Market Outlook

Ophthalmology Devices 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 Ophthalmology Devices Market 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

2022

Historic Data

2016–2021

Forecast Period

2023–2031

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.

Ophthalmology Devices Market Applications

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.

Ophthalmology Devices Market End Users

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.

Ophthalmology Devices Market Region

Segments

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

By Applications

  • Cataract Surgery
  • Vision Care
  • Ophthalmic Wound Care
  • Oculoplastic
  • Others

By End-Users

  • Consumers
  • Hospitals
  • Academics
  • Ambulatory Surgery Centers
  • Eye Research Institutes
  • Research Laboratories
  • Diagnosis Clinics
  • Franchise Optical Stores
  • Government Agencies

By Regions

  • North America
  • Europe
  • Latin America
  • Asia Pacific
  • Middle East & Africa

By Key Players

  • 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.

Ophthalmology Devices Market Key Players

1. Executive Summary
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

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