Overview and Scope
Vision care devices and equipment are used to treat eye vision problems. The main types of vision care devices and equipment are intraocular lenses, ophthalmic lasers, glaucoma drainage devices, and others.
Sizing and Forecast
The vision care devices and equipment market size has grown rapidly in recent years. It will grow from <b>$30.69 billion in 2023 to $33.98 billion in 2024 at a compound annual growth rate (CAGR) of 10.7%. </b> The growth in the historic period can be attributed to eye health awareness, aging population, fashion and aesthetics, increased screen time.
The vision care devices and equipment market size is expected to see strong growth in the next few years. It will grow to <b>$49.26 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. </b> The growth in the forecast period can be attributed to digital eye strain, aging demographics, myopia management, sustainable and eco-friendly products. Major trends in the forecast period include smart eyewear, customized and 3d-printed eyewear, ai-powered eye examinations, teleophthalmology.
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Segmentation & Regional Insights
The vision care devices and equipment market covered in this report is segmented –
1) By Type: Intraocular Lens, Ophthalmic Lasers, Glaucoma Drainage Devices, Contact Lenses, Other Types
2) By Aplication: Vision Care, Diagnosis, Surgery
3) By End User: Hospitals, Ambulatory Surgery Centers, Optical Centers, Other End users
<b>North America</b> was the largest region in global vision care devices and equipment market in 2023. <b>Asia-Pacific</b> was the second-largest region in the vision care devices and equipment market share. The regions covered in the vision care devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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Major Driver Impacting Market Growth
The rising use of electronic devices is a continuous driver for the growth of the vision care devices and equipment market. Usage of laptops, mobiles, PCs, and other electronic devices has increased in day-to-day life, which is the major factor responsible for eye-related problems. According to a survey by Deloitte, Americans collectively check their phones over 8 billion times per day. On average, every person spends about five hours daily browsing the internet and using apps.
Key Industry Players
Major companies operating in the vision care devices and equipment market include <b> Essilor International, Johnson & Johnson, Carl Zeiss AG, The Cooper Companies, Novartis AG, Bausch & Lomb, Nidek Co.Ltd., Valeant Pharmaceuticals International Inc., Luxottica Group SpA, Escalon Services, Tomey Corporation, CIBA Vision Corporation, Visionix Ltd., Potec, LuxVisions Innovation Limited, Heine Optotechnik, Luneau Technology Operations SAS, Heidelberg Engineering Inc., Huvitz Technologies, STAAR Surgical Company, Swiss Advanced Vision, Visioneering Technologies Inc., Rayner Intraocular Lenses Limited, Jiangsu Hongchen Optical Co. Ltd., Alcon, Hoya Corporation, Topcon Corporation, Carl Zeiss Meditec AG, Lumenis Ltd., Ellex Medical Pty Ltd., Abbott Medical Optics, Canon Medical Systems, Haag-Streit AG, Optovue Inc., Quantel Medical SAS, VisionCare Devices LLC, Med-Logics Inc., Advanced Vision Science Inc., Eyenovia Inc., HumanOptics Holding AG, Clearside Biomedical Inc. </b>
The vision care devices and equipment market report table of contents includes:
1. Executive Summary
2. Vision Care Devices And Equipment Market Characteristics
3. Vision Care Devices And Equipment Market Trends And Strategies
4. Vision Care Devices And Equipment Market – Macro Economic Scenario
5. Global Vision Care Devices And Equipment Market Size and Growth
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31. Global Vision Care Devices And Equipment Market Competitive Benchmarking
32. Global Vision Care Devices And Equipment Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Vision Care Devices And Equipment Market
34. Vision Care Devices And Equipment Market Future Outlook and Potential Analysis
35. Appendix
Top Major Players:
Essilor International
Johnson & Johnson,
The Cooper Companies
Novartis AG
Bausch & Lomb
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