Ophthalmic Devices Market Report: Trends, Forecast and Competitive Analysis to 2030

Ophthalmic Devices Trends and Forecast

The future of the global ophthalmic devices market looks promising with opportunities in the hospital & eye clinic markets. The global ophthalmic devices market is expected to reach an estimated $53.9 billion by 2030 with a CAGR of 5.1% from 2024 to 2030. The major drivers for this market are rising prevalence of eye diseases, growing awareness towards the importance of eye health, and on-going technological advancements in ophthalmic devices are leading to new and improved treatments for eye diseases.

A more than 150-page report is developed to help in your business decisions.

Ophthalmic Devices by Segment

The study includes a forecast for the global ophthalmic devices by product type, application, end use, and region.

Ophthalmic Devices Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:

• Optical Coherence Tomography
• Ophthalmic Ultrasound

Ophthalmic Devices Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Cataract
• Glaucoma

Ophthalmic Devices Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Hospitals & Eye Clinics
• Others

Ophthalmic Devices Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Ophthalmic Devices Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies ophthalmic devices companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the ophthalmic devices companies profiled in this report include-

• Bausch Health
• Alcon
• Carl Zeiss Meditec
• Johnson and Johnson
• Hoya Corporation
• The Cooper
• Essilorluxottica
• Canon
• Glaukos Corporation
• Nidek

Ophthalmic Devices Market Insights

Lucintel forecasts that optical coherence tomography (OCT) is expected to witness higher growth over the forecast period due to increasing application in diagnosis of diseases, such as diabetic eye, glaucoma, and relatd macular degeneration.

Within this market, hospitals and eye clinics will remain the larger segment due to high demand for ophthalmic devices to diagnose, treat, and manage a wide range of eye conditions.

North America will remain the largest segment over the forecast period due to growing prevalence of chronic eye and presence of advanced healthcare system in the region.

Features of the Global Ophthalmic Devices Market

Market Size Estimates: Ophthalmic devices market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Ophthalmic devices market size by product type, application, end use, and region in terms of value ($B).

Regional Analysis: Ophthalmic devices market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different product types, applications, end uses, and regions for the ophthalmic devices market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the ophthalmic devices market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the ophthalmic devices market size?

Answer: The global ophthalmic devices market is expected to reach an estimated $53.9 billion by 2030.

Q.2 What is the growth forecast for ophthalmic devices market?

Answer: The global ophthalmic devices market is expected to grow with a CAGR of 5.1% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the ophthalmic devices market?

Answer: The major drivers for this market are rising prevalence of eye diseases, growing awareness towards the importance of eye health, and on-going technological advancements in ophthalmic devices are leading to new and improved treatments for eye diseases.

Q4. What are the major segments for ophthalmic devices market?

Answer: The future of the ophthalmic devices market looks promising with opportunities in the hospital & eye clinic markets.

Q5. Who are the key ophthalmic devices market companies?

Answer: Some of the key ophthalmic devices companies are as follows:

• Bausch Health
• Alcon
• Carl Zeiss Meditec
• Johnson and Johnson
• Hoya Corporation
• The Cooper
• Essilorluxottica
• Canon
• Glaukos Corporation
• Nidek

Q6. Which ophthalmic devices market segment will be the largest in future?

Answer: Lucintel forecasts that optical coherence tomography (OCT) is expected to witness higher growth over the forecast period due to increasing application in diagnosis of diseases, such as diabetic eye, glaucoma, and relatd macular degeneration.

Q7. In ophthalmic devices market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest segment over the forecast period due to growing prevalence of chronic eye and presence of advanced healthcare system in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the ophthalmic devices market by product type (optical coherence tomography and ophthalmic ultrasound), application (cataract and glaucoma), end use (hospitals & eye clinics and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?