Global Ophthalmology Devices Market 2023-2027
The ophthalmology devices market is forecasted to grow by USD 19.93 bn during 2022-2027, accelerating at a CAGR of 4.65% during the forecast period. The report on the ophthalmology devices market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the increasing prevalence of ophthalmic diseases, technological advances in ophthalmology devices, and a rising number of initiatives to increase awareness and customer training.
Technavio's ophthalmology devices market is segmented as below:
- Vision care
- Ophthalmology surgical devices
- Ophthalmology diagnostic devices
- Hospitals and eye clinics
- Academic and research laboratories
By Geographical Landscape
- North America
- Rest of World (ROW)
This study identifies the increasing medical tourism for low-cost ophthalmology surgeries as one of the prime reasons driving the ophthalmology devices market growth during the next few years. Also, the rising focus of vendors to strengthen their presence in emerging markets and strategic collaborations and M&A will lead to sizable demand in the market.
The report on the ophthalmology devices market covers the following areas:
- Ophthalmology devices market sizing
- Ophthalmology devices market forecast
- Ophthalmology devices market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading ophthalmology devices market vendors that include Alcon Inc., Lumenis Be Ltd., Bausch Health Companies Inc., Carl Zeiss AG, Danaher Corp., EssilorLuxottica, HOYA CORP., Johnson and Johnson, NIDEK Co. Ltd., The Cooper Companies Inc., LUMIBIRD SA, EyeQue Corp., Glaukos Corp., Digital Diagnostics Inc., IRIDEX Corp., TOPCON CORP., Metall Zug AG, LENSAR Inc., STAAR Surgical Co., and Ziemer Ophthalmic Systems AG. Also, the ophthalmology devices market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.