Ophthalmic Equipment Market Breakdown By Size, Share, Growth, Trends, and Industry 2030- MarkNtel Advisors

According to Markntel Advisors Report, Ophthalmic Equipment Market is expected to grow at a significant growth rate, and the analysis period is 2024-2030, considering the base year as 2023. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

The Ophthalmic equipment pertains to a branch within the medical device industry that concentrates on creating, distributing, and marketing devices utilized for diagnosing, treating, and supervising diverse eye-related anomalies. This niche equipment features an extensive assortment of items comprising diagnostic equipment (Ophthalmoscopes & Tonometers), surgical tools (intraocular lenses plus phacoemulsification systems), visual correction mechanisms (spectacles alongside contact lenses), in addition to other peripherals employed by ophthalmologists as well as optometrists amongst various allies working in vision care professions.

Global Ophthalmic Equipment Market Research Report & Summary:

The Global Ophthalmic Equipment Market size was valued at USD 62.8 billion in 2023 and is estimated to grow at a CAGR of around 5.9% during the forecast period, i.e., 2024-30.        

Time Period Captured in the Report:

·         Historical Years: 2019-22

·         Base Years: 2023

·         Forecast Years: 2024-2030

Who are the Key Players Operating in the Ophthalmic Equipment Market?

The top companies of the Ophthalmic Equipment Market ruling the industry are: 

Bausch Lomb, Alcon, Carl Zeiss Meditec AG, Johnson & Johnson, Hoya Corporation, Essilorluxottica, Canon, Glaukos Corporation, Nidek Co., Ltd., Topcon Corporation, BVI, Dorc, Corza, The Cooper Companies Inc., Others,

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Ophthalmic Equipment Industry Recent Development:

·         2023: Intending to ensure secure and dependable implantation, Carl Zeiss introduced ZEISS trifocal technology using a C-loop platform that is hydrophobic and free from glare. Additionally, there is now complete preloading on an injector for ease of use.

The Ophthalmic Equipment Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic.  The further bifurcations are as follows:

-By Product

-Vision Care Products- Market Size & Forecast 2019-2030, (USD Million)

-Spectacles- Market Size & Forecast 2019-2030, (USD Million)

-Contact Lenses- Market Size & Forecast 2019-2030, (USD Million)

-Surgical Devices- Market Size & Forecast 2019-2030, (USD Million)

-Cataract Surgical Devices- Market Size & Forecast 2019-2030, (USD Million)

-Vitreoretinal Surgical Devices- Market Size & Forecast 2019-2030, (USD Million)

-Refractive Surgical Devices- Market Size & Forecast 2019-2030, (USD Million)

-Glaucoma Surgical Devices- Market Size & Forecast 2019-2030, (USD Million)

-Ophthalmic Surgical Accessories- Market Size & Forecast 2019-2030, (USD Million)

-Diagnostic & Monitoring Devices- Market Size & Forecast 2019-2030, (USD Million)

-Optical Coherence Tomography Scanners- Market Size & Forecast 2019-2030, (USD Million)

-Fundus Cameras- Market Size & Forecast 2019-2030, (USD Million)

-Perimeters/Visual Field Analyzers- Market Size & Forecast 2019-2030, (USD Million)

-Autorefractors & Keratometers- Market Size & Forecast 2019-2030, (USD Million)

-Ophthalmic Ultrasound Imaging Systems- Market Size & Forecast 2019-2030, (USD Million)

-Tonometers- Market Size & Forecast 2019-2030, (USD Million)

-Slit Lamps- Market Size & Forecast 2019-2030, (USD Million)

-Phoropters- Market Size & Forecast 2019-2030, (USD Million)

-Wavefront Aberrometers- Market Size & Forecast 2019-2030, (USD Million)

-Optical Biometry Systems- Market Size & Forecast 2019-2030, (USD Million)

-Ophthalmoscopes- Market Size & Forecast 2019-2030, (USD Million)

-Lensmeters- Market Size & Forecast 2019-2030, (USD Million)

-Corneal Topography Systems- Market Size & Forecast 2019-2030, (USD Million)

-Chart Projectors- Market Size & Forecast 2019-2030, (USD Million)

-Retinoscopes- Market Size & Forecast 2019-2030, (USD Million)

-Specular Microscopes- Market Size & Forecast 2019-2030, (USD Million)

-By End User

-Consumers- Market Size & Forecast 2019-2030, (USD Million)

-Hospitals- Market Size & Forecast 2019-2030, (USD Million)

-Specialty Clinics & Ambulatory Surgery Centers- Market Size & Forecast 2019-2030, (USD Million)

-Others- Market Size & Forecast 2019-2030, (USD Million)

-By Region

-North America

-South America

-Europe

-The Middle East & Africa

-Asia-Pacific

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Market Dynamics -Global Ophthalmic Equipment Market:

Rising Eye Disorders Due to Age Factor to Fuel the Market Expansion – Age is the primary factor behind eye-related ailments, however an upsurge in population and prolonged exposure to UV screens have made a notable contribution towards their escalation. Certain widespread disorders comprise diabetic retinopathy, glaucoma, cataracts, corneal opacities Trachoma as well and refractive error disease. The expanding prevalence of diabetic retinopathy, specifically amongst diabetes patients has evoked curiosity regarding state-of-the-art imaging methodologies, including femtosecond lasers & laser treatments with promising outcomes. Furthermore, other innovations, such as phacoemulsification systems for cataract treatment provide hope for better success rates globally against vision impairment mooted by inventive technologies on the horizon.

Implementation of Phacoemulsification Equipment & High-End Intraocular Lenses In Developing Areas –  The utilization of phacoemulsification has become a fundamental & efficacious approach for treating cataract surgeries. It involves fracturing the lens during removal, ultimately enhancing safety & efficiency in surgery. This method also presents an opportunity for market growth as premium lenses with lower costs appear more accessible to individuals within merging regions. Utilizing phacoemulsification equipment alongside high-end IOLs is significantly more effective than traditional techniques used in cataract surgery.

However, it does mandate specialized facilities capable of accommodating operating rooms that incorporate highly skilled staff members who are knowledgeable on said equipment. Despite this need for specialization, areas, where basic vision recovery remains necessary, can readily appreciate its advantages, including improved visual quality paired with reduced dependence on glasses due to their association with superior premium IOL technology.

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