Dublin, Aug. 17, 2023 (GLOBE NEWSWIRE) -- The "Global Ophthalmic Devices Market by Product (Ophthalmic Ultrasound, Optical Coherence Tomography), Application (Cataract, End Use, Eye Clinics) - Cumulative Impact of COVID-19, Russia Ukraine Conflict, and High Inflation - Forecast 2023-2030" report has been added to ResearchAndMarkets.com's offering.
The Global Ophthalmic Devices Market size was estimated at USD 5.49 billion in 2022, USD 5.87 billion in 2023, growing at a CAGR of 7.52% to reach USD 9.81 billion by 2030.
In this report, 2018 to 2021 are considered as historical years, 2022 is the base year, 2023 is the estimated year, and years from 2024 to 2030 are considered as the forecast period.
The report considers the ongoing political and economic uncertainty in Eastern Europe caused by the Russia-Ukraine Conflict and its potential implications for demand-supply balances, pressure on pricing variants, and import/export and trading. Additionally, the report addresses the impact of High Inflation on the global economy and details fiscal policies measuring and reducing its effects on demand, supply, cash flow, and currency exchange.
The Market Share Analysis offers an insightful look at the current state of vendors in a particular market space. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
The report answers questions such as:
- What is the market size and forecast of the Global Ophthalmic Devices Market?
- What are the inhibiting factors and impact of COVID-19 shaping the Global Ophthalmic Devices Market during the forecast period?
- Which are the products/segments/applications/areas to invest in over the forecast period in the Global Ophthalmic Devices Market?
- What is the competitive strategic window for opportunities in the Global Ophthalmic Devices Market?
- What are the technology trends and regulatory frameworks in the Global Ophthalmic Devices Market?
- What is the market share of the leading vendors in the Global Ophthalmic Devices Market?
- What modes and strategic moves are considered suitable for entering the Global Ophthalmic Devices Market?
Market Segmentation & Coverage:
- Based on Product, the market includes Ophthalmic Ultrasound and Optical Coherence Tomography. Optical Coherence Tomography is projected to witness a significant market share during the forecast period.
- Based on Application, the market encompasses Cataract, End Use, Eye Clinics, Glaucoma, and Hospitals. Glaucoma is projected to witness a significant market share during the forecast period.
- Based on Region, the market analysis focuses on the Asia-Pacific region, which is projected to witness a significant market share during the forecast period.
Market Dynamics
Drivers
- Rising number of eye disorders globally
- Increasing awareness for early diagnostics and prevention
- Significant preference for minimally invasive eye surgeries
Restraints
- High cost of ophthalmic devices
Opportunities
- Favorable government support for eye care
- Rapid advancements in ophthalmic devices
Challenges
- Shortage of skilled ophthalmologists across the U.S.
Competitive Portfolio:
- Alcon Vision LLC
- Bausch & Lomb Incorporated
- Bausch Health Companies Inc.
- Canon Medical Systems Europe B.V.
- Carl Zeiss Meditec AG
- Essilor International S.A.
- FCI Ophthalmics
- Glaukos Corp.
- Gulden Ophthalmics
- Haag-Streit Group
- Hoya Corporation
- Konan Medical USA, Inc.
- Leica Microsystems
- Sonomed Escalon
- STAAR Surgical
- Topcon Corporation
- Ziemer Ophthalmic Systems Ltd.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 188 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $5.87 Billion |
| Forecasted Market Value (USD) by 2030 | $9.81 Billion |
| Compound Annual Growth Rate | 7.5% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/3qij6r
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