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Ophthalmic Devices Trends and Forecast
The future of the global ophthalmic devices market looks promising with opportunities in the hospital & eye clinic markets. The global ophthalmic devices market is expected to reach an estimated $53.9 billion by 2030 with a CAGR of 5.1% from 2024 to 2030. The major drivers for this market are rising prevalence of eye diseases, growing awareness towards the importance of eye health, and on-going technological advancements in ophthalmic devices are leading to new and improved treatments for eye diseases.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Ophthalmic Devices by Segment
The study includes a forecast for the global ophthalmic devices by product type, application, end use, and region.
Ophthalmic Devices Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:
• Optical Coherence Tomography
• Ophthalmic Ultrasound
Ophthalmic Devices Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Cataract
• Glaucoma
Ophthalmic Devices Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Hospitals & Eye Clinics
• Others
Ophthalmic Devices Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Ophthalmic Devices Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies ophthalmic devices companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the ophthalmic devices companies profiled in this report include-
• Bausch Health
• Alcon
• Carl Zeiss Meditec
• Johnson and Johnson
• Hoya Corporation
• The Cooper
• Essilorluxottica
• Canon
• Glaukos Corporation
• Nidek
Ophthalmic Devices Market Insights
Lucintel forecasts that optical coherence tomography (OCT) is expected to witness higher growth over the forecast period due to increasing application in diagnosis of diseases, such as diabetic eye, glaucoma, and relatd macular degeneration.
Within this market, hospitals and eye clinics will remain the larger segment due to high demand for ophthalmic devices to diagnose, treat, and manage a wide range of eye conditions.
North America will remain the largest segment over the forecast period due to growing prevalence of chronic eye and presence of advanced healthcare system in the region.
Features of the Global Ophthalmic Devices Market
Market Size Estimates: Ophthalmic devices market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Ophthalmic devices market size by product type, application, end use, and region in terms of value ($B).
Regional Analysis: Ophthalmic devices market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product types, applications, end uses, and regions for the ophthalmic devices market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the ophthalmic devices market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the ophthalmic devices market size?
Answer: The global ophthalmic devices market is expected to reach an estimated $53.9 billion by 2030.
Q.2 What is the growth forecast for ophthalmic devices market?
Answer: The global ophthalmic devices market is expected to grow with a CAGR of 5.1% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the ophthalmic devices market?
Answer: The major drivers for this market are rising prevalence of eye diseases, growing awareness towards the importance of eye health, and on-going technological advancements in ophthalmic devices are leading to new and improved treatments for eye diseases.
Q4. What are the major segments for ophthalmic devices market?
Answer: The future of the ophthalmic devices market looks promising with opportunities in the hospital & eye clinic markets.
Q5. Who are the key ophthalmic devices market companies?
Answer: Some of the key ophthalmic devices companies are as follows:
• Bausch Health
• Alcon
• Carl Zeiss Meditec
• Johnson and Johnson
• Hoya Corporation
• The Cooper
• Essilorluxottica
• Canon
• Glaukos Corporation
• Nidek
Q6. Which ophthalmic devices market segment will be the largest in future?
Answer: Lucintel forecasts that optical coherence tomography (OCT) is expected to witness higher growth over the forecast period due to increasing application in diagnosis of diseases, such as diabetic eye, glaucoma, and relatd macular degeneration.
Q7. In ophthalmic devices market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest segment over the forecast period due to growing prevalence of chronic eye and presence of advanced healthcare system in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the ophthalmic devices market by product type (optical coherence tomography and ophthalmic ultrasound), application (cataract and glaucoma), end use (hospitals & eye clinics and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Ophthalmic Devices Market, Ophthalmic Devices Market Size, Ophthalmic Devices Market Growth, Ophthalmic Devices Market Analysis, Ophthalmic Devices Market Report, Ophthalmic Devices Market Share, Ophthalmic Devices Market Trends, Ophthalmic Devices Market Forecast, Ophthalmic Devices Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Ophthalmic Devices Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Ophthalmic Devices Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Ophthalmic Devices Market by Product Type
3.3.1: Optical Coherence Tomography
3.3.2: Ophthalmic Ultrasound
3.4: Global Ophthalmic Devices Market by Application
3.4.1: Cataract
3.4.2: Glaucoma
3.5: Global Ophthalmic Devices Market by End Use
3.5.1: Hospitals & Eye Clinics
3.5.2: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Ophthalmic Devices Market by Region
4.2: North American Ophthalmic Devices Market
4.2.2: North American Ophthalmic Devices Market by End Use: Hospitals & Eye Clinics and Others
4.3: European Ophthalmic Devices Market
4.3.1: European Ophthalmic Devices Market by Product Type: Optical Coherence Tomography and Ophthalmic Ultrasound
4.3.2: European Ophthalmic Devices Market by End Use: Hospitals & Eye Clinics and Others
4.4: APAC Ophthalmic Devices Market
4.4.1: APAC Ophthalmic Devices Market by Product Type: Optical Coherence Tomography and Ophthalmic Ultrasound
4.4.2: APAC Ophthalmic Devices Market by End Use: Hospitals & Eye Clinics and Others
4.5: ROW Ophthalmic Devices Market
4.5.1: ROW Ophthalmic Devices Market by Product Type: Optical Coherence Tomography and Ophthalmic Ultrasound
4.5.2: ROW Ophthalmic Devices Market by End Use: Hospitals & Eye Clinics and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Ophthalmic Devices Market by Product Type
6.1.2: Growth Opportunities for the Global Ophthalmic Devices Market by Application
6.1.3: Growth Opportunities for the Global Ophthalmic Devices Market by End Use
6.1.4: Growth Opportunities for the Global Ophthalmic Devices Market by Region
6.2: Emerging Trends in the Global Ophthalmic Devices Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Ophthalmic Devices Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Ophthalmic Devices Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Bausch Health
7.2: Alcon
7.3: Carl Zeiss Meditec
7.4: Johnson and Johnson
7.5: Hoya Corporation
7.6: The Cooper
7.7: EssilorLuxottica
7.8: Canon
7.9: Glaukos Corporation
7.10: Nidek
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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