The global ophthalmic devices market size reached US$ 26.5 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 34.1 Billion by 2028, exhibiting a CAGR of 4.29% during 2022-2028.
Ophthalmic devices are medical equipment used for surgical diagnosis and vision correction. They comprise contact lenses, contact lens care products, diagnostics, implants, intraocular lenses (IOLs), lasers, phacoemulsification systems, artificial tears, and surgical instruments. They are used to diagnose and cure ocular abnormalities or deficits, and other eye diseases. They aid in making the eye-treatment procedure more convenient for patients and ophthalmologists by reducing treatment time and providing high-quality eye care. At present, due to the rising prevalence of ophthalmic diseases, such as cataracts and glaucoma, there is an increase in the demand for ophthalmic devices across the globe.
Ophthalmic devices are medical equipment used for surgical diagnosis and vision correction. They comprise contact lenses, contact lens care products, diagnostics, implants, intraocular lenses (IOLs), lasers, phacoemulsification systems, artificial tears, and surgical instruments. They are used to diagnose and cure ocular abnormalities or deficits, and other eye diseases. They aid in making the eye-treatment procedure more convenient for patients and ophthalmologists by reducing treatment time and providing high-quality eye care. At present, due to the rising prevalence of ophthalmic diseases, such as cataracts and glaucoma, there is an increase in the demand for ophthalmic devices across the globe.
Ophthalmic Devices Market Trends:
The growing reliance on digital devices, such as laptops, smartphones, computers and e-readers, represents one of the key factors driving the market. Moreover, there is a rise in the utilization of intraocular lenses (IOLs) to replace the natural lens of eyes for restoring both near and distant vision. This, along with the expanding healthcare industry, is propelling the growth of the market. In addition, the growing customer training and education among eye care professionals to cure eye diseases and associated complications is positively influencing the market. Besides this, key market players are extensively investing in research and development (R&D) activities for the development of novel devices to treat vision errors. This, coupled with the rising awareness about ophthalmic devices among individuals, is offering lucrative growth opportunities to industry investors. Additionally, there is an increase in the employment of micro-invasive glaucoma (MIGs) surgical implants for the treatment of mild to moderate glaucoma. In line with this, governments of several countries are undertaking initiatives to promote eye health, which is bolstering the market growth.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global ophthalmic devices market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, application and end use.Breakup by Product Type:
- Surgical
- Implants
- Consumables
- Equipment
- Vision Care
- Contact Lens
- Ocular Health
Breakup by Application:
- Cataract
- Vitreo Retinal Disorders
- Glaucoma
- Refractor Disorders
Breakup by End Use:
- Hospitals and Eye Clinics
- Academic and Research Laboratory
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Bausch & Lomb Incorporated (Bausch Health Companies Inc.), Carl Zeiss Meditec AG, EssilorLuxottica SA, Haag-Streit Group, HOYA Surgical Optics GmbH (Hoya Corporation), Leica Microsystems GmbH (Danaher Corporation), Nidek Co Ltd., Topcon Corporation, Volk Optical Inc. and Ziemer Ophthalmic Systems AG.Key Questions Answered in This Report:
- How has the global ophthalmic devices market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global ophthalmic devices market?
- What are the key regional markets?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the end use?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global ophthalmic devices market and who are the key players?
- What is the degree of competition in the industry?
Table of Contents
1 Preface2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Ophthalmic Devices Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product Type
6.1 Surgical
6.1.1 Market Trends
6.1.2 Key Segments
6.1.2.1 Implants
6.1.2.2 Consumables
6.1.2.3 Equipment
6.1.3 Market Forecast
6.2 Vision Care
6.2.1 Market Trends
6.2.2 Key Segments
6.2.2.1 Contact Lens
6.2.2.2 Ocular Health
6.2.3 Market Forecast
7 Market Breakup by Application
7.1 Cataract
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Vitreo Retinal Disorders
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Glaucoma
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Refractor Disorders
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by End Use
8.1 Hospitals and Eye Clinics
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Academic and Research Laboratory
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Others
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Bausch & Lomb Incorporated (Bausch Health Companies Inc.)
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 SWOT Analysis
14.3.2 Carl Zeiss Meditec AG
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3 EssilorLuxottica SA
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.4 Haag-Streit Group
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 HOYA Surgical Optics GmbH (Hoya Corporation)
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 Leica Microsystems GmbH (Danaher Corporation)
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.7 Nidek Co Ltd.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 SWOT Analysis
14.3.8 Topcon Corporation
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.9 Volk Optical Inc.
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10 Ziemer Ophthalmic Systems AG
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
List of Figures
Figure 1: Global: Ophthalmic Devices Market: Major Drivers and Challenges
Figure 2: Global: Ophthalmic Devices Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Ophthalmic Devices Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Ophthalmic Devices Market: Breakup by Product Type (in %), 2022
Figure 5: Global: Ophthalmic Devices Market: Breakup by Application (in %), 2022
Figure 6: Global: Ophthalmic Devices Market: Breakup by End Use (in %), 2022
Figure 7: Global: Ophthalmic Devices Market: Breakup by Region (in %), 2022
Figure 8: Global: Ophthalmic Devices (Surgical) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Ophthalmic Devices (Surgical) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Ophthalmic Devices (Vision Care) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Ophthalmic Devices (Vision Care) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Ophthalmic Devices (Cataract) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Ophthalmic Devices (Cataract) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Ophthalmic Devices (Vitreo Retinal Disorders) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Ophthalmic Devices (Vitreo Retinal Disorders) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Ophthalmic Devices (Glaucoma) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Ophthalmic Devices (Glaucoma) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Ophthalmic Devices (Refractor Disorders) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Ophthalmic Devices (Refractor Disorders) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Ophthalmic Devices (Hospitals and Eye Clinics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Ophthalmic Devices (Hospitals and Eye Clinics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Ophthalmic Devices (Academic and Research Laboratory) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Ophthalmic Devices (Academic and Research Laboratory) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Ophthalmic Devices (Other End Uses) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Ophthalmic Devices (Other End Uses) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: North America: Ophthalmic Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: North America: Ophthalmic Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: United States: Ophthalmic Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: United States: Ophthalmic Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Canada: Ophthalmic Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Canada: Ophthalmic Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Asia-Pacific: Ophthalmic Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Asia-Pacific: Ophthalmic Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: China: Ophthalmic Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: China: Ophthalmic Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Japan: Ophthalmic Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Japan: Ophthalmic Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: India: Ophthalmic Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: India: Ophthalmic Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: South Korea: Ophthalmic Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: South Korea: Ophthalmic Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Australia: Ophthalmic Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Australia: Ophthalmic Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Indonesia: Ophthalmic Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Indonesia: Ophthalmic Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Others: Ophthalmic Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Others: Ophthalmic Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Europe: Ophthalmic Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Europe: Ophthalmic Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Germany: Ophthalmic Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Germany: Ophthalmic Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: France: Ophthalmic Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: France: Ophthalmic Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: United Kingdom: Ophthalmic Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: United Kingdom: Ophthalmic Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Italy: Ophthalmic Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Italy: Ophthalmic Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Spain: Ophthalmic Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Spain: Ophthalmic Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Russia: Ophthalmic Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Russia: Ophthalmic Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Others: Ophthalmic Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Others: Ophthalmic Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Latin America: Ophthalmic Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Latin America: Ophthalmic Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Brazil: Ophthalmic Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Brazil: Ophthalmic Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Mexico: Ophthalmic Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Mexico: Ophthalmic Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Others: Ophthalmic Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Others: Ophthalmic Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Middle East and Africa: Ophthalmic Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Middle East and Africa: Ophthalmic Devices Market: Breakup by Country (in %), 2022
Figure 74: Middle East and Africa: Ophthalmic Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Global: Ophthalmic Devices Industry: SWOT Analysis
Figure 76: Global: Ophthalmic Devices Industry: Value Chain Analysis
Figure 77: Global: Ophthalmic Devices Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Ophthalmic Devices Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Ophthalmic Devices Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
Table 3: Global: Ophthalmic Devices Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 4: Global: Ophthalmic Devices Market Forecast: Breakup by End Use (in Million US$), 2023-2028
Table 5: Global: Ophthalmic Devices Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Ophthalmic Devices Market: Competitive Structure
Table 7: Global: Ophthalmic Devices Market: Key Players
Companies Mentioned
- Bausch & Lomb Incorporated (Bausch Health Companies Inc.)
- Carl Zeiss Meditec AG
- EssilorLuxottica SA
- Haag-Streit Group
- HOYA Surgical Optics GmbH (Hoya Corporation)
- Leica Microsystems GmbH (Danaher Corporation)
- Nidek Co Ltd.
- Topcon Corporation
- Volk Optical Inc.
- Ziemer Ophthalmic Systems AG.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 142 |
| Published | January 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 26.5 Billion |
| Forecasted Market Value ( USD | $ 34.1 Billion |
| Compound Annual Growth Rate | 4.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
