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Ophthalmic Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global ophthalmic devices market size reached US$ 25.19 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 33.42 Billion by 2027, exhibiting a growth rate (CAGR) of 4.50% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Ophthalmic devices are medical equipment used for surgical diagnosis and vision correction. They comprise contact lenses, contact lens care products, diagnostics, implants, intraocular lenses (IOLs), lasers, phacoemulsification systems, artificial tears, and surgical instruments. They are used to diagnose and cure ocular abnormalities or deficits, and other eye diseases. They aid in making the eye-treatment procedure more convenient for patients and ophthalmologists by reducing treatment time and providing high-quality eye care. At present, due to the rising prevalence of ophthalmic diseases, such as cataracts and glaucoma, there is an increase in the demand for ophthalmic devices across the globe.

Ophthalmic Devices Market Trends:

The growing reliance on digital devices, such as laptops, smartphones, computers and e-readers, represents one of the key factors driving the market. Moreover, there is a rise in the utilization of intraocular lenses (IOLs) to replace the natural lens of eyes for restoring both near and distant vision. This, along with the expanding healthcare industry, is propelling the growth of the market. In addition, the growing customer training and education among eye care professionals to cure eye diseases and associated complications is positively influencing the market. Besides this, key market players are extensively investing in research and development (R&D) activities for the development of novel devices to treat vision errors. This, coupled with the rising awareness about ophthalmic devices among individuals, is offering lucrative growth opportunities to industry investors. Additionally, there is an increase in the employment of micro-invasive glaucoma (MIGs) surgical implants for the treatment of mild to moderate glaucoma. In line with this, governments of several countries are undertaking initiatives to promote eye health, which is bolstering the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global ophthalmic devices market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product type, application and end use.

Breakup by Product Type:

  • Surgical
    • Implants
    • Consumables
    • Equipment
  • Vision Care
    • Contact Lens
    • Ocular Health
       

Breakup by Application:

  • Cataract
  • Vitreo Retinal Disorders
  • Glaucoma
  • Refractor Disorders
     

Breakup by End Use:

  • Hospitals and Eye Clinics
  • Academic and Research Laboratory
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Bausch & Lomb Incorporated (Bausch Health Companies Inc.), Carl Zeiss Meditec AG, EssilorLuxottica SA, Haag-Streit Group, HOYA Surgical Optics GmbH (Hoya Corporation), Leica Microsystems GmbH (Danaher Corporation), Nidek Co Ltd., Topcon Corporation, Volk Optical Inc. and Ziemer Ophthalmic Systems AG.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Product Type, Application, End Use, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Bausch & Lomb Incorporated (Bausch Health Companies Inc.), Carl Zeiss Meditec AG, EssilorLuxottica SA, Haag-Streit Group, HOYA Surgical Optics GmbH (Hoya Corporation), Leica Microsystems GmbH (Danaher Corporation), Nidek Co Ltd., Topcon Corporation, Volk Optical Inc. and Ziemer Ophthalmic Systems AG.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global ophthalmic devices market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global ophthalmic devices market?
  • What are the key regional markets?
  • What is the breakup of the market based on the product type?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the end use?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global ophthalmic devices market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Ophthalmic Devices Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Product Type
    6.1    Surgical
        6.1.1 Market Trends
        6.1.2 Key Segments 
           6.1.2.1 Implants
           6.1.2.2 Consumables
           6.1.2.3 Equipment
        6.1.3 Market Forecast
    6.2    Vision Care
        6.2.1 Market Trends
        6.2.2 Key Segments 
           6.2.2.1 Contact Lens
           6.2.2.2 Ocular Health
        6.2.3 Market Forecast
7    Market Breakup by Application
    7.1    Cataract
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Vitreo Retinal Disorders
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Glaucoma
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Refractor Disorders
        7.4.1 Market Trends
        7.4.2 Market Forecast
8    Market Breakup by End Use
    8.1    Hospitals and Eye Clinics
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Academic and Research Laboratory
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Others
        8.3.1 Market Trends
        8.3.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Bausch & Lomb Incorporated (Bausch Health Companies Inc.)
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
           14.3.1.3 SWOT Analysis
        14.3.2    Carl Zeiss Meditec AG
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
           14.3.2.3 Financials
           14.3.2.4 SWOT Analysis
        14.3.3    EssilorLuxottica SA
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
           14.3.3.3 Financials
        14.3.4    Haag-Streit Group
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
        14.3.5    HOYA Surgical Optics GmbH (Hoya Corporation)
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
        14.3.6    Leica Microsystems GmbH (Danaher Corporation)
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
        14.3.7    Nidek Co Ltd.
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
           14.3.7.3 SWOT Analysis
        14.3.8    Topcon Corporation
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
           14.3.8.3 Financials
        14.3.9    Volk Optical Inc.
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
        14.3.10    Ziemer Ophthalmic Systems AG
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio

List of Figures

Figure 1: Global: Ophthalmic Devices Market: Major Drivers and Challenges
Figure 2: Global: Ophthalmic Devices Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Ophthalmic Devices Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Ophthalmic Devices Market: Breakup by Product Type (in %), 2021
Figure 5: Global: Ophthalmic Devices Market: Breakup by Application (in %), 2021
Figure 6: Global: Ophthalmic Devices Market: Breakup by End Use (in %), 2021
Figure 7: Global: Ophthalmic Devices Market: Breakup by Region (in %), 2021
Figure 8: Global: Ophthalmic Devices (Surgical) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Ophthalmic Devices (Surgical) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Ophthalmic Devices (Vision Care) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Ophthalmic Devices (Vision Care) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Ophthalmic Devices (Cataract) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Ophthalmic Devices (Cataract) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Ophthalmic Devices (Vitreo Retinal Disorders) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Ophthalmic Devices (Vitreo Retinal Disorders) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Ophthalmic Devices (Glaucoma) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Ophthalmic Devices (Glaucoma) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Ophthalmic Devices (Refractor Disorders) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Ophthalmic Devices (Refractor Disorders) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Ophthalmic Devices (Hospitals and Eye Clinics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Ophthalmic Devices (Hospitals and Eye Clinics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Ophthalmic Devices (Academic and Research Laboratory) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Ophthalmic Devices (Academic and Research Laboratory) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Ophthalmic Devices (Other End Uses) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Ophthalmic Devices (Other End Uses) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: North America: Ophthalmic Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: North America: Ophthalmic Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: United States: Ophthalmic Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: United States: Ophthalmic Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Canada: Ophthalmic Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Canada: Ophthalmic Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Asia-Pacific: Ophthalmic Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Asia-Pacific: Ophthalmic Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: China: Ophthalmic Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: China: Ophthalmic Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Japan: Ophthalmic Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Japan: Ophthalmic Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: India: Ophthalmic Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: India: Ophthalmic Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: South Korea: Ophthalmic Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: South Korea: Ophthalmic Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Australia: Ophthalmic Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Australia: Ophthalmic Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Indonesia: Ophthalmic Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Indonesia: Ophthalmic Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Others: Ophthalmic Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Others: Ophthalmic Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Europe: Ophthalmic Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Europe: Ophthalmic Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Germany: Ophthalmic Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Germany: Ophthalmic Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: France: Ophthalmic Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: France: Ophthalmic Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: United Kingdom: Ophthalmic Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: United Kingdom: Ophthalmic Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Italy: Ophthalmic Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Italy: Ophthalmic Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Spain: Ophthalmic Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Spain: Ophthalmic Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Russia: Ophthalmic Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Russia: Ophthalmic Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Others: Ophthalmic Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Others: Ophthalmic Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Latin America: Ophthalmic Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Latin America: Ophthalmic Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Brazil: Ophthalmic Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Brazil: Ophthalmic Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Mexico: Ophthalmic Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Mexico: Ophthalmic Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Others: Ophthalmic Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Others: Ophthalmic Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Middle East and Africa: Ophthalmic Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Middle East and Africa: Ophthalmic Devices Market: Breakup by Country (in %), 2021
Figure 74: Middle East and Africa: Ophthalmic Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Global: Ophthalmic Devices Industry: SWOT Analysis
Figure 76: Global: Ophthalmic Devices Industry: Value Chain Analysis
Figure 77: Global: Ophthalmic Devices Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Ophthalmic Devices Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Ophthalmic Devices Market Forecast: Breakup by Product Type (in Million US$), 2022-2027
Table 3: Global: Ophthalmic Devices Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Global: Ophthalmic Devices Market Forecast: Breakup by End Use (in Million US$), 2022-2027
Table 5: Global: Ophthalmic Devices Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Ophthalmic Devices Market: Competitive Structure
Table 7: Global: Ophthalmic Devices Market: Key Players


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