Ophthalmic Devices Market worth over $53.5 Bn by 2024

Ophthalmic Devices Market size is likely to surpass USD 53.5 billion by 2024; according to a new research study published by Global Market Insights, Inc. 
 

Increase in awareness among the people and technological progress in the treatment of eye diseases has led to significant advancement and has accelerated the ophthalmic devices demand. 

 

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Ophthalmic surgeries have been moving towards non-invasive treatment, enhancing the surgical outcomes and faster recovery for the patient. Increasing trend of decrease in the incision size in surgeries such as cataract will result in more patients opting for the surgical procedures, fueling the market growth.
 

Ophthalmic Devices Market

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Ophthalmic diagnostic and monitoring devices valued USD 7.4 billion in 2017. Increase in number of eye disorders such as refractive error, visual impairment and blindness will lead to growing demand for diagnostic and monitoring devices. High rate of undiagnosed patient with limited access to treatment will boost the ophthalmic devices business growth. 
 

Browse key industry insights spread across 240 pages with 574 market data tables & 07 figures & charts from the report, “Ophthalmic Devices Market Size By Product (Surgical Devices {Cataract Surgery Devices, Glaucoma Surgery Devices, Refractive Surgery Devices, Vitreoretinal Surgery Devices}, Diagnostic and Monitoring Devices, Vision Care Products {Contact Lenses, Spectacle Lenses}, Ophthalmic Accessories), By End Use ( Hospitals, Specialty Clinics, Ambulatory Surgical Centres, Consumers), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/ophthalmic-devices-market   
 

The vision care products sales will grow at 3.8% CAGR up to 2024. Globally, uncorrected refractive error is one of the leading causes of vision impairment and responsible for demand for various vision care products. As per WHO, more than 80% of all visual impairment across the globe can be prevented of cured with the help of vision care products such as contact lenses and spectacles lenses.
 

Specialty clinics end use segment was valued over USD 6.04 billion 2017. Rise in number of people suffering from eye disorders has resulted in increased eye care services a greater number of ophthalmologist and optometrist across the globe which will result in increasing ophthalmic devices market demand.
 

Ophthalmic vision care products among the consumers is projected to witness lucrative growth of over 3.7% during the forecast period. Increase in number of people opting for eye treatment has increased the adoption of the contact lenses & spectacles and will augment the vision care products market growth.
 

Germany ophthalmic devices industry valued at USD 2.6 billion in 2017. According to the recent research and based on demographic trend in Germany, rise in prevalence of eye disorders will increase the market demand.
 

Chinese market is estimated to expand at 4.5% CAGR through 2024. Vision loss due to eye diseases is one of the major health problems in China, affecting the quality of life. High rate of eye diseases such as cataract and glaucoma will also result in increase in demand of ophthalmic devices.
 

Some of the leading players in the ophthalmic devices market share include Essilor International, Johnson and Johnson Vision Care, CooperVision AG, Bausch and Lomb, Hoya, Nidek, Topcon, Alcon, Carli Zeiss and Cannon. These companies mainly focus on strategic decisions to increase the research and development investment.
 

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Ophthalmic devices market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2013 to 2024, for the following segments:
 

By Product

  • Surgical Devices
  • Diagnostic and Monitoring Devices
  • Vision Care Products
  • Ophthalmic Accessories

By End User

  • Hospitals
  • Specialty Clinics 
  • Ambulatory Surgery Centers 
  • Consumers 
  • Others

The above information is provided for the following regions/countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East and Africa
    • South Africa
    • Saudi Arabia
    • UAE
       
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