Ophthalmic Microscope Market Overview 2024-2033 – Competitive Landscape and Strategies

The Ophthalmic Microscope Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Ophthalmic Microscope Global Market Report 2024, The ophthalmic microscope market size has grown strongly in recent years. It will grow from $1.39 billion in 2023 to $1.53 billion in 2024 at a compound annual growth rate (CAGR) of 10.0%.  The  growth in the historic period can be attributed to demand from research and education, focus on ergonomics and user experience, aging population demands, advancements in imaging quality, rise in eye disorders.

The ophthalmic microscope market size is expected to see strongly grown in the next few years. It will grow to $2.14 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%.  The growth in the forecast period can be attributed to focus on ergonomic design, market expansion in developing regions, demand for minimally invasive procedures, focus on precision and accuracy, rise in ophthalmic surgeries. Major trends in the forecast period include rise in eye surgeries, healthcare infrastructure development, surge in eye disorders, increasing awareness and education, favorable reimbursement policies.

The increasing prevalence of eye diseases such as vision impairment is driving the ophthalmology microscope market. Eye diseases refer to conditions that affect the structures and functions of the eye, leading to visual impairment or vision loss. Ophthalmology microscopes are essential in detailed imaging of the eye of the patient to detect and diagnose eye diseases and defects that may be present. For instance, in October 2022, according to the World Health Organization, a Switzerland-based specialized health agency of the United Nations, at least 2.2 billion people were suffering from near or distant vision impairment globally. Moreover, in December 2022, according to the Centers for Disease Control and Prevention (CDC), a US-based government agency, 17.2% of Americans over the age of 40 have a cataract in at least one eye (about 20.5 million people) is estimated to affect approximately 30 million people by 2028. As a result, the increasing prevalence of eye diseases is driving the ophthalmic microscope.

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The ophthalmic microscope market covered in this report is segmented –

1) By Type: Optical, Digital, Other Types
2) By Modality: Ceiling-Mounted, Table-top, Wall-Mounted, On Casters
3) By Application: LASIK Surgery, Cataract Surgery, Keratoplasty Surgery, Trabeculectomy, Other Applications
4) By End Use: Hospitals, Ambulatory Surgical Centers, Other End Users

The latest trend in the oral biologics and biosimilar market is the creation of new insulin biosimilars. The key players operating in the oral biologics and biosimilar market are investing in creating a biosimilar copy of insulin. This is also promoting competition among various biosimilar manufacturers. For instance, in April 2023, Eli Lilly and Company, a US-based that manufactures oral biologics and biosimilar drugs launched insulin glargine biosimilar, Rezvoglar (insulin glargine-aglr). For type 1 diabetes in adults, children, and infants, as well as type 2 diabetes in adults, insulin glargine products are used to improve glycemic control .

The ophthalmic microscope market report table of contents includes:

1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis

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