UK Ophthalmology Devices Market by Devices (Surgical Devices {Glaucoma Drainage Devices, Glaucoma Stents & Implants, Intraocular Lenses, Lasers, and others}, Diagnostic & Monitoring Devices {Autorefractors & Keratometers, Corneal Topography Systems, Ophthalmic Ultrasound Imaging Systems, Ophthalmoscopes, Optical Coherence Tomography Scanners, and Others}, and Vision Correction Devices {Spectacles and Contact Lenses}), and Region (UK) - Industry Analysis, Growth, Share, Size, Trends, Covid-19 Impact and Forecast 2023 – 2031
The UK ophthalmology devices market size was valued at USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 5% during the forecast period, 2023–2031. The growth of market is attributed to increasing frequency of eye-related illnesses & disorders, as well as increased public awareness.
Ophthalmology is a medical specialty that deals with the anatomy, function, and illnesses of eyes. Surgical, diagnostic, and vision correction devices are the three basic categories of ophthalmic devices depending on their function. These devices gain rising importance & adoption due to more prevalence of different ophthalmic diseases such as cataract, glaucoma, and other vision-related issues.
The Covid-19 pandemic affected the demand and supply of the UK ophthalmology devices market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Due to lockdown, the ophthalmology diagnostics clinics are closed and the surgeries are postponed which is expected to limit the market growth.
UK Ophthalmology Devices Market Trends, Drivers, Restraints, and Opportunities
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New ophthalmology equipment and sophisticated methods are favored by the development of new ophthalmology devices and procedures, which is projected to drive the market.
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Rising prevalence of eye diseases and demographic shift, is projected to boost the market.
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Ophthalmic procedures and their risks, are projected to hinder the market growth.
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Factors such as advantages of contact lenses over traditional glasses, rising use of technological gadgets by consumers of all ages, ageing population, and use of DD lenses are estimated to fuel the market.
Scope of UK Ophthalmology Devices Market Report
The report on the UK ophthalmology 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 |
Ophthalmology Devices Market – UK Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2022 |
Historic Data |
2016–2021 |
Forecast Period |
2023–2031 |
Segmentation |
Devices (Surgical Devices {Glaucoma Drainage Devices, Glaucoma Stents & Implants, Intraocular Lenses, Lasers, and others}, Diagnostic & Monitoring Devices {Autorefractors & Keratometers, Corneal Topography Systems, Ophthalmic Ultrasound Imaging Systems, Ophthalmoscopes, Optical Coherence Tomography Scanners, and Others}, and Vision Correction Devices {Spectacles, Contact Lenses}) |
Regional Scope |
UK |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Carl Zeiss Meditec AG.; IRIDEX Corporation.; Nidek Co. Ltd.; Topcon Corporation.; Ziemer Ophthalmic Systems AG |
UK Ophthalmology Devices Market Segment Insights
The contact lens segment is expected to grow at a rapid pace
Based on devices, the UK ophthalmology devices market is divided into surgical devices, diagnostic & monitoring devices, and vision correction devices. The surgical devices segment is further segregated into glaucoma drainage devices, glaucoma stents & implants, intraocular lenses, lasers, and others. The diagnostic & monitoring devices segment is sub-segregated into autorefractors & keratometers, corneal topography systems, ophthalmic ultrasound imaging systems, ophthalmoscopes, optical coherence tomography scanners, and others.
The vision correction devices segment is further bifurcated into spectacles and contact lenses. The contact lens segment is expected to grow at a rapid pace during the forecast period because they are used to correct eyesight and work in the same manner as traditional spectacles.
Contact lenses can be used to address a variety of vision issues, including myopia (nearsightedness), astigmatism, and hyperopia (far-sightedness). Over the last two decades, the number of contact lens wearers who require presbyopic correction has grown considerably. The latest generation of rigid and soft contact lenses offers various advantages over the previous generation. The number of people who replace their lens weekly have reduced and the number of people who use daily disposable lenses has risen.
UK is anticipated to constitute a key market share
The UK ophthalmology devices market is significantly fragmented due to the vast number of market participants. Market participants, particularly in emerging countries, focus on ongoing product development and supplying ophthalmology devices at competitive rates.
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 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. Ophthalmology 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 Ophthalmology Devices Demand Share Forecast, 2019-2026
6. North America Ophthalmology 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 Ophthalmology 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 Ophthalmology Devices Demand Share Forecast, 2019-2026
7. Latin America Ophthalmology 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 Ophthalmology 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 Ophthalmology Devices Demand Share Forecast, 2019-2026
8. Europe 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
8.1.3. Europe Average Pricing Analysis
8.2. Europe Ophthalmology 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 Ophthalmology Devices Demand Share Forecast, 2019-2026
9. Asia Pacific 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. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Ophthalmology 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 Ophthalmology Devices Demand Share Forecast, 2019-2026
10. Middle East & Africa 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. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Ophthalmology 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 Ophthalmology Devices Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Ophthalmology Devices Market: Market Share Analysis
11.2. Ophthalmology Devices Distributors and Customers
11.3. Ophthalmology Devices Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. Carl Zeiss Meditec AG
11.4.2. IRIDEX Corporation
11.4.3. Nidek Co. Ltd
11.4.4. Topcon Corporation
11.4.5. Ziemer Ophthalmic Systems AG