The global Ophthalmic Equipment market garnered revenue around USD 52.9 Billion in 2020 and projected to reach USD 62.8 Billion in 2025, with at a compound annual growth rate of 4.2% throughout the estimate period from 2020 to 2027.
The ophthalmic equipment market is expected to be negatively impacted by the COVID-19 pandemic in 2020-2021. Due to the COVID-19 outbreak, there has been a significant drop in patient visits to clinics due to lockdowns and constraints implemented to prevent the spread of the disease. This has led to a decline in the number of elective eye surgeries being conducted per week in hospitals and clinics. According to the Ophthalmology Times article, the number of elective surgeries has reduced from 200 surgeries to only ten surgeries a week. Also, countries such as Boston have witnessed 15% cancellations in patient visits to examination centers.
Governments have also issued limitations and bans on medical procedures and elective surgeries. These restrictions have hampered the demand for ophthalmic equipment. Due to these restrictions, ophthalmic equipment manufacturing companies are facing problems in conducting in-person product demonstrations, operating their facilities at full capacity, and attending or organizing conferences. Lockdowns in APAC countries such as China and India have delayed the production and shipment of ophthalmic devices. All these factors act as a challenge for the growth of the ophthalmic equipment market.
This research report encompasses precise assessment of the market with the help of comprehensive qualitative insights and supportable prognoses regarding market size, consumption and production. The projections presented in the report have been derived using proven research methodologies and assumptions. It does so by means of comprehensive qualitative insights, historical statistics, and verifiable predictions about market revenue and sales.
The rapidly budding threat owed to the eruption of COVID-19 is impacting lives, communities, businesses, and industries across the globe. With businesses shuttered, flights grounded, COVID-19 is about to affect the global economy in different ways such as by directly upsetting production and demand, by generating supply chain disruption, and by its financial impact on firms and financial markets. Therefore, this report covers COVID-19 outbreak impact analysis on the Ophthalmic Equipment market under the research study. The market estimates offered in the report are the outcome of in-depth extensive secondary research, primary interviews and in-house professional assessments. These market evaluations have been measured by reviewing the impact of numerous social, political and economic factors coupled with recent market dynamics affecting the Ophthalmic Equipment market growth.
The global Ophthalmic Equipment market is characterized by the presence of numerous small as well as medium scale companies. These players are largely focused towards forward integration via raw material production, product manufacturing, and distribution across various industry verticals. The report recognizes numerous crucial manufacturers of the market. This research study aids to comprehend the strategies and associations that companies are converging to survive in this competitive marketplace. This report assists in understanding footprints of the manufacturers with the help of their global revenue, production, capacity and average selling price analysis for period 2016-2027.
Major manufacturers analysed under this study comprises:
EssilorLuxottica (France), Alcon (US), Johnson & Johnson Vision Care (US), HOYA Corporation (Japan), Bausch + Lomb (US), Carl Zeiss Meditec (Germany), Topcon (Japan), Glaukos Corporation (US), Haag-Streit (Switzerland), NIDEK (Japan), STAAR Surgical (US), Ziemer Ophthalmic Systems (Switzerland), Oculentis (Germany), Heidelberg Engineering (Germany), Canon (Japan), Neo Vision (Korea), Lumenis (Israel), ClearLab (Singapore), OPHTEC BV (Netherlands), Heine Optotechnik (Germany), and Luneau Technology (France).
This report delivers market breakdown and its revenue, consumption, production analysis and projections by categorizing it depending on parameters such as type, application/end-user, and region. This research report delivers the analysis and prognosis of revenue, production, price, market share and growth trend for different products such as:
By Product
- Vision Care Products
- Spectacles
- Contact Lenses
- Soft Contact Lenses
- Rigid Gas Permeable Lenses (RGP)
- Hybrid Contact Lenses
- Ophthalmology Surgical Devices
- Cataract Surgical Devices
- Intraocular Lenses (IoLs)
- Ophthalmic Viscoelastic Devices (OVDs)
- Phacoemulsification Devices
- Cataract Surgical Lasers
- IoL Injectors
- Vitreoretinal Surgical Devices
- Vitreoretinal Packs
- Vitrectomy Machines
- Photocoagulation Lasers
- Illumination Devices
- Vitrectomy Probes
- Refractive Surgical Devices
- Femtosecond Lasers
- Excimer Lasers
- Other Refractive Surgical Lasers
- Glaucoma Surgical Devices
- Glaucoma Drainage Devices (GDDS)
- Microinvasive Glaucoma Surgical Devices
- Glaucoma Laser Systems
- Ophthalmic Microscopes
- Ophthalmic Surgical Accessories
- Surgical Instruments and Kits
- Ophthalmic Forceps
- Ophthalmic Spatulas
- Ophthalmic Tips and Handles
- Ophthalmic Scissors
- Macular Lenses
- Ophthalmic Cannulas
- Other Ophthalmic Surgical Accessories
- Diagnostic and Monitoring Devices
- Optical Coherence Tomography Scanners
- Fundus Cameras
- Perimeters/Visual Field Analyzers
- Autorefractors and Keratometers
- Ophthalmic Ultrasound Imaging Systems
- Ophthalmic A-Scan Ultrasound
- Ophthalmic B-Scan Ultrasound
- Ophthalmic Ultrasound Biomicroscopes
- Ophthalmic Pachymeters
- Tonometers
- Slit Lamps
- Phoropters
- Wavefront Aberrometers
- Optical Biometry Systems
- Ophthalmoscopes
- Lensmeters
- Corneal Topography Systems
- Chart Projectors
- Specular Microscopes
- Retinoscopes
By End-User
- Consumers
- Hospitals
- Specialty Clinics and Ambulatory Surgery Centers
- Other End Users
Regional Analysis and Forecast
Further, this research study analyses market size, production, consumption and its advancement trends at global, regional, and country level for period 2016 to 2027 and covers following region in its scope:
- North America
- Europe
- Germany
- U.K.
- Italy
- France
- Rest of EU
- Asia Pacific
- China
- India
- Japan
- Southeast Asia
- Rest of APAC
- Central & South America
- Brazil
- Argentina
- Rest of Central & South America
- Middle East and Africa
- UAE
- Saudi Arabia
- Rest of MEA
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