Market Research Logo

Global Ophthalmology Devices - Industry Analysis 2015-2019

About ophthalmology devices

Ophthalmology is a branch of medicine that deals with the anatomy, pathology, functions, and treatment of the eye. Over the years, this branch has undergone enormous expansion in basic research, clinical trials, as well as cutting-edge technology. Ophthalmology devices are medical devices meant for the correction of eye defects and to provide better vision to people. Globally, the incidence of the eye defects such as cataracts, conjunctivitis, dry eyes, glaucoma, retinal disorders, and presbyopia has increased causing loss of vision in most of the cases. These ophthalmic defects can be caused due to an infection or can be hereditary. Ophthalmologists use medical devices to detect the cause of the infection at an early stage and, therefore, do not lead to further damage to the eyesight.

Technavio's analysts forecast the global ophthalmology devices market to grow at a CAGR of 5.30% over the period 2015-2019.

Covered in this report

The report covers the current scenario and the growth prospects of the global ophthalmology devices market for the period of 2015-2019. To calculate the market size, the report considers revenue generated through the sales of the following products:

  • Diagnostic products
  • Surgical products
  • Vision care products
The market is divided into the following segments based on the application:

Surgical products:
  • Retinal surgical instruments
  • Cataract surgical instruments
  • Glaucoma surgical instruments
  • Refractive surgical instruments
Vision care products:
  • Contact lenses
  • Eyewear frames
Technavio's report, Global Ophthalmology Devices Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC, and EMEA; it also covers the landscape of the global ophthalmology devices market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key regions
  • Americas
  • APAC
  • EMEA
Key vendors
  • Abbott Medical Optics
  • Alcon
  • Bausch & Lomb
  • Carl Zeiss
  • Essilor
  • HOYA
Other prominent vendor
  • A.R.C. Laser
  • Accutome
  • Allergan
  • Canon
  • FCI Ophthalmics
  • Glaukos
  • Guldan Ophthalmics
  • Heidelberg Engineering
  • Innova
  • Lumenis
  • Marco Ophthalmic
  • Nidek
  • Quantel
  • STAAR Surgical
  • Synergetics
  • Topcon
  • Ziemer Ophthalmic Systems
Key market driver
  • Convergence of technological and scientific breakthroughs
  • For a full, detailed list, view our report
Key market challenge
  • Stringent regulatory framework and cost containment activities
  • For a full, detailed list, view our report
Key market trend
  • Growing attention toward subtypes of eye diseases
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2019 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Ophthalmology Devices Market 2015-2019

Technavio recognizes the following companies as the key players in the Global Ophthalmology Devices Market: Abbott, Alcon, Bausch & Lomb, Carl Zeiss, Essillor and Hoya

Other Prominent Vendors in the market are: Topcon, Allergan, Inc. (Acquired by Actavis), Gulden Ophthalmics, Heidelberg Engineering, Inc., FCI Ophthalmics, Accutome, Canon, Glaukos, Innova, Lumenis, Nidek, Marco Ophthalmic Inc., Synergetics, Ziemer Ophthalmic Systems, Quantel, A.R.C. Laser, and STAAR Surgical.

Commenting on the report, an analyst from Technavio’s team said: “Vendors are entering into M&A to develop innovative ophthalmology devices and gain a strong foothold in this market. Many ophthalmology devices have lost or will lose their patent exclusivities, negatively affecting revenue generation. Leading vendors are trying to increase their revenue and diversify their product offerings of ophthalmology devices. To meet these requirements, they are acquiring manufacturing companies or their business divisions of ophthalmology devices.”

According to the report, manufacturers are investing in R&D to develop advanced technologies. These technologies have improved efficiency and accuracy of ophthalmic devices and helped reduce the duration of ophthalmic surgeries. Innovations such as laser technologies have changed the outlook of the market, particularly for IOLs. The use of femtolaser systems for making incisions during capsulotomy helps reduce human errors. These systems are rapidly being adopted for other ophthalmic surgeries such as cataract operations and keratoplasty.

Further, the report states that regulations governing ophthalmology devices are stringent; only devices that are of high quality and pose minimum risk to individuals obtain approval. Regulatory authorities in each country divide medical devices into different categories based on the products' design, characteristics, complexity, and the potential for injury. The time and cost of device registration and approval vary depending on their risk category and the country of approval.

Companies Mentioned

Abbott, Alcon, Bausch & Lomb, Carl Zeiss, Essillor, Hoya,Topcon, Allergan, Inc. (Acquired by Actavis), Gulden Ophthalmics, Heidelberg Engineering, Inc., FCI Ophthalmics, Accutome, Canon, Glaukos, Innova, Lumenis, Nidek, Marco Ophthalmic Inc., Synergetics, Ziemer Ophthalmic Systems, Quantel, A.R.C. Laser, STAAR Surgical.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top vendor offerings
      • Table Product and service offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Global ophthalmology devices market segmentation
    • Market size and forecast
      • Table Global ophthalmology devices market 2014-2019 ($ billions)
      • Table Global ophthalmology devices market by product 2014-2019 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Table Global ophthalmology devices market segmentation by product
    • Table Global ophthalmology devices market by product 2014
    • Global ophthalmology diagnostic devices market
      • Table Global ophthalmology diagnostic devices market 2014
      • Table Global ophthalmology diagnostic devices market 2014-2019 ($ billions)
    • Global vision care devices market segmentation
      • Table Global vision care devices market segmentation 2014
      • Table Global vision care devices market 2014-2019 ($ billions)
      • Table Global vision care devices market by contact lenses 2014-2019 ($ billions)
      • Table Global vision care devices market by eyewear frames 2014-2019 ($ billions)
    • Global ophthalmology surgical devices market segmentation
      • Table Global ophthalmology surgical devices market 2014-2019 ($ billions)
      • Table Global ophthalmology surgical devices market by surgery 2014
      • Table Global ophthalmology surgical devices market by retinal surgery 2014-2019 ($ billions)
      • Table Global ophthalmology surgical devices market by cataract surgery 2014-2019 ($ billions)
      • Table Global ophthalmology surgical devices market by glaucoma surgery 2014-2019 ($ billions)
      • Table Global ophthalmology surgical devices market by refractive surgery 2014-2019 ($ billions)
  • Geographical segmentation
    • Table Global ophthalmology devices market segmentation by geography 2014
    • Ophthalmology devices market in Americas
      • Table Ophthalmology devices market in Americas 2014-2019 ($ billions)
    • Ophthalmology devices market in EMEA
      • Table Ophthalmology devices market in EMEA 2014-2019 ($ billions)
    • Ophthalmology devices market in APAC
      • Table Ophthalmology devices market in APAC 2014-2019 ($ billions)
  • Market drivers
    • Advances in technology
    • Ambulatory surgical centers for eye care
    • Opportunities in emerging countries in APAC
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Stringent regulatory framework and cost containment strategies
    • Slow growth in developed markets
    • Limited awareness of ophthalmic disorders
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Focus on subtypes of eye diseases
    • Increased M&A
    • Online optical services
  • Vendor landscape
    • Competitive scenario
      • Table Abbott Medical Optics: Key takeaways
      • Table Alcon: Key takeaways
      • Table Bausch + Lomb: Key takeaways
      • Table Carl Zeiss: Key takeaways
      • Table Essilor: Key takeaways
      • Table Hoya: Key takeaways
  • Key vendor analysis
    • Abbott Medical Optics
    • Alcon
    • Bausch + Lomb
    • Carl Zeiss
    • Essilor International
    • Hoya
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report