What is Ophthalmic Equipment Market?
Ophthalmic Equipment's in the ophthalmic industry is a key growth area in the medical device world, with an ever-increasing demand for solutions to improve the day-to-day living of millions of people. Ophthalmic Equipment gain increased importance and adoption due to high prevalence of various ophthalmic diseases such as glaucoma, cataract, and other vision-related issues. Equipment may come under any of the three European Directives, the Medical Equipment Directive, the Active Implantable Directive, and or the In Vitro Diagnostic Directive. These Ophthalmic Equipment cover a wide range of design types and applications such as glasses, contact lenses, intraocular lenses, implants, diagnostics, lasers, solutions, and surgical instruments. According to the research done by the world health organization, it estimates that in 2010 there were 285 million people visually impaired, of which 39 million were blind. The rising prevalence of chronic eye conditions as a consequence of high stress and unhealthy lifestyles result in diabetes retinopathy, which are high impact rendering drivers for the industry
The market study is being classified by Type (Diagnostic and Monitoring Equipment, Cataract Surgical Equipment, Glaucoma Surgical Equipment, Refractive Surgical Equipment, Vitreoretinal Surgical Equipment, Ophthalmic Microscopes, Ophthalmic Accessories and Vision Care Products), by Application (Refractive correction, Cataract surgery, Vitreo-retinal surgery, Reconstructive surgery, Corneal and scleral implants and Glaucoma) and major geographies with country level break-up.
Abbott Medical Optics (United States), Alcon (Switzerland), Bausch & Lomb(United States), Carl Zeiss Meditec (Germany), Essilor International (France), Johnson & Johnson(United States), HAAG-Streit Group (Switzerland), Nidek (Japan), Topcon Corporation(United States) and Ziemer Ophthalmic System(United States) are some of the key players profiled in the study.
The companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Ophthalmic Equipment market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Ophthalmic Equipment market by Type, Application and Region.
On the basis of geography, the market of Ophthalmic Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising prevalence of eye diseases
- The rise in the number of geriatric population
- Technological advancements in ophthalmic equipment
- The high cost of ophthalmology equipment's
- Increasing government initiatives to control visual impairment
- Increasing adoption of contact lenses and spectacles
In May 2020 Icare USA has introduced two new diagnostic technologies, technologies for both glaucoma and retina specialties the CenterVue DRSplus Confocal Fundus Imaging System named Next-Generation Icare ic200 Handheld Tonometer. Its ease of use and ability to reproduce consistently high-quality color images of both eyes in under 10 seconds.
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Ophthalmic Equipment Manufacturer, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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