The global ophthalmic devices market size is anticipated to reach USD 9.79 billion by 2030, registering a CAGR of 4.92% from 2024 to 2030, according to a new report by Grand View Research, Inc. The rising geriatric population is presumed to propel the need for ophthalmic devices due to the high risk of developing chronic eye disorders. According to the National Institute on Aging (NIA), the geriatric population will be about 72 million individuals by 2030. The rising prevalence of eye disorders, such as macular degeneration, cataracts, diabetic retinopathy, and glaucoma, is also boosting product demand. As per the WHO, glaucoma accounts for 4.5 million cases of blindness globally. In the United States, glaucoma is termed the “Silent Thief of Sight,” which is the second-leading cause of blindness.
Ophthalmic Devices Market Report Highlights
- Based on product, the optical coherence tomography scanners (OCT) segment dominated the global market in 2023
- The segment accounted for the largest share of over 23% of the overall revenue in 2023, which can be attributed to its wide range of applications
- The ophthalmoscopes segment is expected to witness significant growth from 2024 to 2030 on account of technological advancements
- The cataract application segment accounted for the largest revenue share in 2023 and is expected to continue its dominance over the forecast period
- This growth can be attributed to the increasing number of patients suffering from cataracts and high product adoption for cataract surgeries
For More Details or Sample Copy please visit link @:Ophthalmic Devices Market Report
The market growth can also be attributed to technological advancements, such as the development of intraocular lenses, fundus cameras, and OCT devices. Furthermore, the increasing involvement of market players in expanding treatment solutions through strategic alliances is expected to present this market with a potential growth platform. Approximately 10% of the people suffering from eye disorders are expected to experience loss of vision despite the proper treatment, as per the statistics of the WHO, driving the clinical urgency to incorporate highly advanced ophthalmic devices. Furthermore, rising demand for minimally invasive and complication-free operative surgeries is expected to boost product demand. Due to the COVID-19 pandemic, the majority of the population’s screen time was increased, resulting in increased cases of various eye issues, which will support market growth over the forecast period.
List of major companies in the Ophthalmic Devices Market
- Johnson & Johnson Vision Care
- Alcon Vision LLC
- Carl Zeiss Meditec AG
- Bausch & Lomb Inc.
- Essilor International S.A.
- Ziemer Ophthalmic Systems Ltd.
- Nidek Co. Ltd.
- TOPCON Corporation
- Haag-Streit Group
Gain deeper insights on the market and receive your free copy with TOC now @: Ophthalmic Devices Market Growth Report
We have segmented the global ophthalmic devices market based on product, application, end-use, and region.
-
Ophthalmic Devices Product Outlook
- Optical Coherence Tomography Scanners
- Fundus Cameras
- Perimeters/Visual Field Analysers
- Autorefractors and Keratometers
- Ophthalmic Ultrasound Imaging Systems
- Tonometers
- Slit Lamps
- Phoropters
- Wavefront Aberrometers
- Optical Biometry Systems
- Ophthalmoscopes
- Lensmeters
- Corneal Topography Systems
- Specular Microscopes
- Retinoscopes
-
Ophthalmic Devices Application Outlook
- Cataract
- Vitreo Retinal Disorders
- Glaucoma
- Refractor Disorders
-
Ophthalmic Devices End-use Outlook
- Hospitals & Eye Clinics
- Academic & Research Laboratory
- Others
-
Ophthalmic Devices Regional Outlook
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa (MEA)
Research Methodology
We employ a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. We utilize a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously.
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S. based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
Contact:
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll-Free: 1-888-202-9519
Email: [email protected]
Web: https://www.grandviewresearch.com
Explore Horizon, the world’s most expansive market research database
#OphthalmicDevices #MedicalDevices #EyeCare #Ophthalmology #EyeHealth #VisionCare #Optometry #MedicalTechnology #HealthcareMarket #MarketTrends #SurgicalInstruments #DiagnosticDevices #ContactLenses #IntraocularLenses #Retina #CataractSurgery #Glaucoma #OphthalmicSurgery #VisionCorrection #EyeSurgery