Redding, California, Feb. 28, 2023 (GLOBE NEWSWIRE) -- According to a new market research report titled, “Ophthalmic Equipment Market by Product Type (Vision Care, Surgical Devices {Refractive, Cataract, Vitreoretinal, Glaucoma, Accessories}, Diagnostic {Retinoscope, Tonometer, Ultrasound}), End User (Consumer, Clinic, Hospital) - Global Forecast to 2030”, published by Meticulous Research®, the ophthalmic equipment market is projected to reach $ 61.58 billion by 2030, at a CAGR of 4.4% from 2023 to 2030.
Download Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5461
Ophthalmic equipment are instruments and devices used by ophthalmologists for the examination of eyes and to perform ophthalmic surgeries. These are used mainly in hospitals or ambulatory surgery centers where treatment of certain eye diseases and disorders like refractive errors such as myopia, hyperopia, astigmatism and presbyopia are addressed, and conditions like dry eye disease, contamination and infections due to inadequate contact lens care and contamination from cosmetics, bacteria, grease, hand lotions, soaps, and atmospheric pollutants take place.
Ophthalmic equipment ensure convenience and ultimate comfort for patients. Their proper utilization makes the entire eye examination expeditious and effective and helps the eye specialist to determine the most accurate condition of the patient and prescribe relevant treatment.
The key players in the market are opting for various developments for enhancing their product portfolio and position in the ophthalmic equipment market. For instance, in October 2022, Alcon Inc. (U.S.) acquired Ivantis, Inc (U.S.), which added Hydrus micro stent to its global surgical portfolio, to strengthen its surgical portfolio in international markets and leverage the company’s growth in glaucoma treatment.
Furthermore, in January 2020, Hoya Corporation (Japan) launched a joint venture with GeMax, a specialty service provider of IOLs covering 630 major hospitals and 32 provinces in China, making the entire Hoya portfolio of intraocular optics available for patients and surgeons across China.
Impact of COVID-19 on the Ophthalmic Equipment Market
The COVID-19 pandemic negatively impacted the ophthalmic equipment market from 2019 to 2020. The fast spread of the virus led to nationwide lockdowns. This resulted in a decline in the number of eye surgical procedures performed during the pandemic. Additionally, during the first phase of the pandemic, non-urgent eye surgeries were postponed or delayed to minimize the risk of infection. Furthermore, the global shutdown of economic activities and supply chain disruptions affected the supply of surgical equipment. Various medical equipment companies operating in the ophthalmic equipment market reported that in some geographies, field sales representatives were unable to reach or were able to provide limited services to the physicians, further affecting the supply.
Speak to our Analysts to Understand the Impact of COVID-19 on Your Business: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5461
However, the market is gradually recovering from the negative impact of the pandemic due to the control of the spread of COVID-19 infection. Reopening the market resumed ophthalmic practices and recovered the supply chains with the continuity of transportation services.
The global ophthalmic equipment market is segmented by product type, end user, and geography.
Based on product type, in 2023, the vision care segment is expected to account for the largest share of the ophthalmic equipment market. The large share of this segment is attributed to the aging population; increasing use of contact lenses and ocular health products on the recommendation of optometrists and other eye care professionals; rising consumer awareness about vision health; and the availability of reimbursement in some developed and developing economies for visits to eye care professionals.
Based on end user, in 2023, the consumers segment is expected to account for the largest share of the ophthalmic equipment market. Increasing prevalence of ocular disorders, rising geriatric population with altered eye sights, increasing adoption of contact lenses for aesthetic look, growing adoption of colored contact lenses in the fashion industry, and growing awareness about the effects of environmental hazards such as air pollution and harmful UV rays on the eyes are some of the factors supporting the large market share of this segment.
Quick Buy – Ophthalmic Equipment Market Research Report: https://www.meticulousresearch.com/Checkout/87557280
Based on geograhy, in 2023, North America is expected to account for the largest share of the global ophthalmic equipment market, followed by Europe and Asia-Pacific. The U.S. is expected to be the largest shareholding market in North America in 2023. The large share of this market is primarily driven by the high prevalence of eye diseases and disorders, the presence of key players, and the high awareness regarding vision care in the region. However, Asia- Pacific region is expected to witness a rapid growth during the forecast period. The growth in this market is attributed to the increasing geriatric population in countries such as China and India, the adoption of advanced healthcare options, and rising awareness regarding the benefits of vision care products. Further, the increasing affordability, the growing fashion industry, and the availability of vision treatment providers also contribute to the growth of this market.
The report also includes an extensive assessment of the key strategic developments of leading market players over the past few years (2021–2023). In the last couple of years, the global ophthalmic equipment market has witnessed strategic developments such as product launches and acquisitions.
Some of the key players operating in the global ophthalmic equipment market are Bausch Health Companies Inc. (Canada), Carl Zeiss Meditec AG (Germany), EssilorLuxottica (France), Alcon Inc. (U.S.), The Cooper Companies, Inc. (U.S.), Johnson & Johnson Vision Care, Inc. (U.S.), HEINE Optotechnik GmbH & Co. KG (Germany), Glaukos Corporation (U.S.), Ziemer Ophthalmic Systems AG (Switzerland), and Nidek Co., Ltd. (Japan) among other companies.
To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/ophthalmic-equipment-market-5461
Scope of the Report:
Ophthalmic Equipment Market, by Product Type
- Vision Care Products
- Spectacles
- Contact Lenses
- Soft Contact Lenses
- Rigid Gas Permeable Lenses
- Hybrid Contact Lenses
- Surgical Devices
- Cataract Surgical Devices
- Intraocular Lenses
- Ophthalmic Viscoelastic Devices
- Cataract Surgical Lasers
- Phacoemulsification Devices
- IOL Injectors
- Refractive Surgical Devices
- Excimer Lasers
- Femtosecond Lasers
- Other Refractive Surgical Lasers
- Vitreoretinal Surgical Devices
- Vitrectomy Machines
- Illumination Devices
- Vitreoretinal Packs
- Photocoagulation Lasers
- Vitrectomy Probes
- Glaucoma Surgical Devices
- Glaucoma Laser Systems
- Glaucoma Drainage Devices
- Microinvasive Glaucoma Surgery Devices
- Ophthalmic Surgical Accessories
- Surgical Instruments & Kits
- Ophthalmic Spatulas
- Ophthalmic Tips & Bundles
- Ophthalmic Forceps
- Ophthalmic Scissors
- Macular Lenses
- Ophthalmic Cannulas
- Other Ophthalmic Surgical Accessories
- Cataract Surgical Devices
- Diagnostic & Monitoring Devices
- Fundus Cameras
- Chart Projectors
- Slit Lamps
- Tonometer
- Ophthalmic Microscopes
- Optical coherence Tomography Scanners
- Visual Field Analyzers/Perimeters
- Keratometers/Autorefractors
- Wavefront Aberrometers
- Optical biometry Systems
- Retinoscopes
- Ophthalmoscopes
- Lensometers
- Ophthalmic Ultrasound Imaging Systems
- A-Scan Ultrasound Imaging Systems
- B-Scan Ultrasound Imaging Systems
- Pachymeters
- Ultrasound Biomicroscopes
Ophthalmic Equipment Market, by End User
- Hospitals
- Specialty Clinics & Ambulatory Surgery Centers
- Consumers
- Other End Users
Ophthalmic Equipment Market, by Geography
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe (RoE)
- Asia-Pacific (APAC)
- China
- Japan
- India
- Rest of APAC (RoAPAC)
- Latin America (LATAM)
- Brazil
- Mexico
- Rest of Latin America (RoLATM)
- Middle East & Africa
Download Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5461
Related Reports:
Optometry Equipment Market by Product (OCT Scan, Perimeter, Fundus Camera, Retinoscope, Keratometer, Ophthalmic Ultrasound, Tonometer, Slit Lamp, Chart Projector), Application (Cataract, Glaucoma, AMD), End User (Clinic, Hospital) - Global Forecast to 2029 https://www.meticulousresearch.com/product/optometry-equipment-market-5406
Medical Laser Market by Device Type (Solid-state Lasers, Gas Lasers, Dye Lasers, Diode Lasers); Fiber Type (Disposable Laser Fibers, Reusable Laser Fibers); Device Application, Fiber Application, and Geography – Global Forecast to 2028
https://www.meticulousresearch.com/product/medical-lasers-market-5196
Artificial Intelligence in Medical Diagnostics Market By Component (Software, Services), Specialty (Radiology, Cardiology, Neurology, Obstetrics/Gynecology, Oncology), Modality (MRI, CT, X-ray, Ultrasound), End User (Hospital, Diagnostic Center) - Global Forecast to 2029
https://www.meticulousresearch.com/product/artificial-intelligence-in-medical-diagnostics-market-5312
Medical Device Testing Market by Service Type (Testing and Certification) Location, Technology (Active Implant, Active Medical, In-Vitro Diagnostic, Ophthalmic, Orthopedic and Dental, Vascular), Device Class, and Geography - Global Forecast to 2027
https://www.meticulousresearch.com/product/medical-device-testing-market-5131
About Meticulous Research®
Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.
Contact:
Mr. Khushal Bombe
Meticulous Market Research Inc.
1267 Willis St, Ste 200 Redding,
California, 96001, U.S.
USA: +1-646-781-8004
Europe : +44-203-868-8738
APAC: +91 744-7780008
Email- sales@meticulousresearch.com
Visit Our Website: https://www.meticulousresearch.com/
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
Content Source: https://www.meticulousresearch.com/pressrelease/690/ophthalmic-equipment-market-2030
