The diagnostic and monitoring ophthalmic devices and equipment global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Diagnostic And Monitoring Ophthalmic Devices And Equipment Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The diagnostic and monitoring ophthalmic devices and equipment market size has grown rapidly in recent years. It will grow from $2.85 billion in 2023 to $3.18 billion in 2024 at a compound annual growth rate (CAGR) of 11.4%. The growth in the historic period can be attributed to aging population, advances in ophthalmic imaging, prevalence of eye diseases, diabetes epidemic.
The diagnostic and monitoring ophthalmic devices and equipment market size is expected to see rapid growth in the next few years. It will grow to $4.68 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%. The growth in the forecast period can be attributed to emerging markets growth, telemedicine and teleophthalmology, value-based healthcare, regulatory support and reimbursement. Major trends in the forecast period include artificial intelligence (ai) integration, portable and handheld devices, home monitoring solutions, 3d and wide-field imaging.
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The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
The increasing incidence of diabetes is expected to propel the growth of diagnostic and monitoring equipment in the ophthalmic devices market going forward. Diabetes is a chronic disease that occurs when the body cannot effectively use or produce enough insulin, a hormone that regulates blood sugar levels. Diagnostic and monitoring equipment in ophthalmic devices such as smart contact lenses can be used for both continuous glucose monitoring and the treatment of diabetic retinopathy. They can wirelessly monitor glucose levels and provide real-time data to the user. For instance, according to the National Center for Biotechnology Information, a US-based series of databases relevant to biotechnology and biomedicine, in 2021, over 1.2 million children and adolescents have type 1 diabetes. Thus, the increasing incidence of diabetes is driving the growth of the diagnostic and monitoring equipment in the ophthalmic devices market.
Market Trends –
Major companies operating in the diagnostic and monitoring equipment in the ophthalmic devices market are developing innovative products such as Smart contact lenses by using smart soft contact lens technology to better serve patients. Smart soft contact lens technology is a recent development that enables the continuous 24-hour monitoring of intraocular pressure (IOP) in glaucoma care. For instance, in January 2023, BVS Sight Inc., a US-based company launched Smart contact lenses by using smart soft contact lens technology. Smart soft contact lenses are built upon various commercial brands of soft contact lenses without altering their intrinsic properties such as lens power, biocompatibility, softness, transparency, wettability, oxygen transmissibility, and overnight wearability.
The diagnostic and monitoring ophthalmic devices and equipment market covered in this report is segmented –
1) By Product Type: Optical coherence tomographers, Ophthalmic ultrasound imaging systems, Fundus cameras, Ophthalmoscopes, Keratometers, Specular microscopes., Tonometers, Slit Lamps, Retinoscopes, Other products (Dioptometers, Optotype projector, Perimeters, and Biometers,Pachymeters,Autorefractors/phoropters,Corneal topographers,Wavefront abberometers,Wavefront abberometers)
2) By Application: Retinal evaluation, Glaucoma detection and monitoring, Surgical evaluation, General examine, Intraoperative devices, Refraction equipment
3) By End User: Hospitals, Clinics, Diagnostic Laboratories, Research Centers
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Regional Insights –
North America was the largest region in the global diagnostic and monitoring ophthalmic devices and equipment market in 2023. Asia-Pacific was the second-largest region in diagnostic and monitoring ophthalmic devices and equipment market. The regions covered in the diagnostic and monitoring ophthalmic devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Key Companies –
Major companies operating in the diagnostic and monitoring ophthalmic devices and equipment market include Carl Zeiss Meditec, Alcon Inc., Bausch + Lomb, Haag-Streit, Topcon Corporation, Nidek Co. Ltd., Abbott Medical Optics, Johnson and Johnson Vision Care, Essilor International S.A, Ziemer Ophthalmic Systems AG, STAAR Surgical Company, Ellex, Quantel Medical Inc, Optovue, Canon Inc., Halma plc, Coburn Technologies Inc., Kowa Company Ltd., AMETEK Inc., AbbVie Inc., Hoya Corporation, Ridex Corporation, CIBA Vision Corporation, CooperVision, Gulden Ophthalmics, Glaukos Corporation, FCI Ophthalmics, Matronix India Corporation, HEINE Optotechnik, Visionix Ltd., Neo Vision, Clear Lab, Appasamy Associates, Ophtec BV, Lumenis, Intuvision Labs, Ocular Instruments, Ophthalmic Instruments Company, Keeler Ltd., Oculus, Reichert Technologies, Tomey Corporation, US Ophthalmic
Table of Contents
1. Executive Summary
2. Diagnostic And Monitoring Ophthalmic Devices And Equipment Market Report Structure
3. Diagnostic And Monitoring Ophthalmic Devices And Equipment Market Trends And Strategies
4. Diagnostic And Monitoring Ophthalmic Devices And Equipment Market – Macro Economic Scenario
5. Diagnostic And Monitoring Ophthalmic Devices And Equipment Market Size And Growth
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27. Diagnostic And Monitoring Ophthalmic Devices And Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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