Ophthalmic Instrument Manufacturing
Over the five years to 2016, the Ophthalmic Instrument Manufacturing industry has benefited from a progressively aging US population, as eye problems closely associated with age, which increased demand for ophthalmic equipment sold by this industry. Advancing age has sent seniors, in increasing numbers, to optometrists to seek corrections for common refractive eye disorders, such as nearsightedness. Furthermore, corrective vision procedures have become more affordable for US consumers over the past five years, as increasing employment, disposable incomes and expanding access to health insurance encouraged more people to seek professional eyecare services. A projected continuation of these trends should support the industry in the five years to 2021.
This industry manufactures ophthalmic diagnostic instruments and surgical equipment used in eye-related medical procedures. Examples of diagnostic equipment include optical coherence tomography scanners, ophthalmic ultrasound systems, cameras, scopes, tonometers and lighting equipment. Examples of surgical equipment include ophthalmic lasers, as well as cataract, glaucoma, refractive and other surgery devices.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.