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The Ophthalmic Revolution - Market Developments and Innovations

Ophthalmic Equipment Market by Product Type (Vision Care, Surgical Devices {Refractive, Cataract, Vitreoretinal, Glaucoma, Accessories}, Diagnostic {Retinoscope, Tonometer, Ultrasound}), End User (Consumer, Clinic, Hospital)u00a0<br>

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The Ophthalmic Revolution - Market Developments and Innovations

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  1. "The Ophthalmic Revolution - Market Developments and Innovations"

  2. Ophthalmic Equipment Market 2023-2030 According to a new market research report titled, “Ophthalmic Equipment Market by Product Type (Vision Care, Surgical Devices {Refractive, Cataract, Vitreoretinal, Glaucoma, Accessories}, Diagnostic {Retinoscope, Tonometer, Ultrasound}), End User (Consumer, Clinic, Hospital) - Global Forecast to 2030”,published by Meticulous Research®, the ophthalmic equipment market is projected to reach $ 61.58 billion by 2030, at a CAGR of 4.4% from 2023 to 2030. Download Free Sample Report Now @ https://www.meticulousresearch.com/download-sample- report/cp_id=5461 Ophthalmic equipment are instruments and devices used by ophthalmologists for the examination of eyes and to perform ophthalmic surgeries. These are used mainly in hospitals or ambulatory surgery centers where treatment of certain eye diseases and disorders like refractive errors such as myopia, hyperopia, astigmatism and presbyopia are addressed, and conditions like dry eye disease, contamination and infections due to inadequate contact lens care and contamination from cosmetics, bacteria, grease, hand lotions, soaps, and atmospheric pollutants take place. Ophthalmic equipment ensure convenience and ultimate comfort for patients. Their proper utilization makes the entire eye examination expeditious and effective and helps the eye specialist to determine the most accurate condition of the patient and prescribe relevant treatment. The key players in the market are opting for various developments for enhancing their product portfolio and position in the ophthalmic equipment market. For instance, in October 2022, Alcon Inc. (U.S.) acquired Ivantis, Inc (U.S.), which added Hydrus micro stent to its global surgical portfolio, to strengthen its surgical portfolio in international markets and leverage the company’s growth in glaucoma treatment. Furthermore, in January 2020, Hoya Corporation (Japan) launched a joint venture with GeMax, a specialty service provider of IOLs covering 630 major hospitals and 32 provinces in China, making the entire Hoya portfolio of intraocular optics available for patients and surgeons across China. Impact of COVID-19 on the Ophthalmic Equipment Market The COVID-19 pandemic negatively impacted the ophthalmic equipment market from 2019 to 2020. The fast spread of the virus led to nationwide lockdowns. This resulted in a decline in the number of eye surgical procedures performed during the pandemic. Additionally, during the first phase of the pandemic, non-urgent eye surgeries were postponed or delayed to minimize the risk of infection. Furthermore, the global Page 1 of 6 © Meticulous Research| sales@meticulousresearch.com

  3. Ophthalmic Equipment Market 2023-2030 shutdown of economic activities and supply chain disruptions affected the supply of surgical equipment. Various medical equipment companies operating in the ophthalmic equipment market reported that in some geographies, field sales representatives were unable to reach or were able to provide limited services to the physicians, further affecting the supply. Speak to our Analysts to Understand the Impact of COVID-19 on Your Business: https://www.meticulousresearch.com/speak-to- analyst/cp_id=5461 However, the market is gradually recovering from the negative impact of the pandemic due to the control of the spread of COVID-19 infection. Reopening the market resumed ophthalmic practices and recovered the supply chains with the continuity of transportation services. The global ophthalmic equipment market is segmented by product type, end user, and geography. Based on product type, in 2023, the vision care segment is expected to account for the largest share of the ophthalmic equipment market. The large share of this segment is attributed to the aging population; increasing use of contact lenses and ocular health products on the recommendation of optometrists and other eye care professionals; rising consumer awareness about vision health; and the availability of reimbursement in some developed and developing economies for visits to eye care professionals. Based on end user, in 2023, the consumers segment is expected to account for the largest share of the ophthalmic equipment market. Increasing prevalence of ocular disorders, rising geriatric population with altered eye sights, increasing adoption of contact lenses for aesthetic look, growing adoption of colored contact lenses in the fashion industry, and growing awareness about the effects of environmental hazards such as air pollution and harmful UV rays on the eyes are some of the factors supporting the large market share of this segment. Quick Buy – Ophthalmic Equipment Market Research Report: https://www.meticulousresearch.com/Checkout/87557280 Based on geograhy, in 2023, North America is expected to account for the largest share of the global ophthalmic equipment market, followed by Europe and Asia-Pacific. The U.S. is expected to be the largest shareholding market in North America in 2023. The large share of this market is primarily driven by the high prevalence of eye diseases and disorders, the presence of key players, and the high awareness regarding vision care in the region. However, Asia- Pacific region is expected to witness a rapid growth during the forecast period. The growth in this Page 2 of 6 © Meticulous Research| sales@meticulousresearch.com

  4. Ophthalmic Equipment Market 2023-2030 market is attributed to the increasing geriatric population in countries such as China and India, the adoption of advanced healthcare options, and rising awareness regarding the benefits of vision care products. Further, the increasing affordability, the growing fashion industry, and the availability of vision treatment providers also contribute to the growth of this market. The report also includes an extensive assessment of the key strategic developments of leading market players over the past few years (2021– 2023). In the last couple of years, the global ophthalmic equipment market has witnessed strategic developments such as product launches and acquisitions. Some of the key players operating in the global ophthalmic equipment market are Bausch Health Companies Inc. (Canada), Carl Zeiss Meditec AG (Germany), EssilorLuxottica (France), Alcon Inc. (U.S.), The Cooper Companies, Inc. (U.S.), Johnson & Johnson Vision Care, Inc. (U.S.), HEINE Optotechnik GmbH & Co. KG (Germany), Glaukos Corporation (U.S.), Ziemer Ophthalmic Systems AG (Switzerland), and Nidek Co., Ltd. (Japan) among other companies. To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/ophthalmic- equipment-market-5461 About Meticulous Research® Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value- driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth. Scope of the Report: Ophthalmic Equipment Market, by Product Type Page 3 of 6 © Meticulous Research| sales@meticulousresearch.com

  5. Ophthalmic Equipment Market 2023-2030 •Vision Care Products oSpectacles oContact Lenses ▪Soft Contact Lenses ▪Rigid Gas Permeable Lenses ▪Hybrid Contact Lenses •Surgical Devices oCataract Surgical Devices ▪Intraocular Lenses ▪Ophthalmic Viscoelastic Devices ▪Cataract Surgical Lasers ▪Phacoemulsification Devices ▪IOL Injectors oRefractive Surgical Devices ▪Excimer Lasers ▪Femtosecond Lasers ▪Other Refractive Surgical Lasers oVitreoretinal Surgical Devices ▪Vitrectomy Machines ▪Illumination Devices ▪Vitreoretinal Packs ▪Photocoagulation Lasers ▪Vitrectomy Probes oGlaucoma Surgical Devices ▪Glaucoma Laser Systems ▪Glaucoma Drainage Devices ▪Microinvasive Glaucoma Surgery Devices oOphthalmic Surgical Accessories ▪Surgical Instruments & Kits ▪Ophthalmic Spatulas ▪Ophthalmic Tips & Bundles ▪Ophthalmic Forceps ▪Ophthalmic Scissors ▪Macular Lenses ▪Ophthalmic Cannulas ▪Other Ophthalmic Surgical Accessories •Diagnostic & Monitoring Devices oFundus Cameras Page 4 of 6 © Meticulous Research| sales@meticulousresearch.com

  6. Ophthalmic Equipment Market 2023-2030 oChart Projectors oSlit Lamps oTonometer oOphthalmic Microscopes oOptical coherence Tomography Scanners oVisual Field Analyzers/Perimeters oKeratometers/Autorefractors oWavefront Aberrometers oOptical biometry Systems oRetinoscopes oOphthalmoscopes oLensometers oOphthalmic Ultrasound Imaging Systems ▪A-Scan Ultrasound Imaging Systems ▪B-Scan Ultrasound Imaging Systems ▪Pachymeters ▪Ultrasound Biomicroscopes Ophthalmic Equipment Market, by End User •Hospitals •Specialty Clinics & Ambulatory Surgery Centers •Consumers •Other End Users Ophthalmic Equipment Market, by Geography •North America oU.S. oCanada •Europe oGermany oU.K. oFrance oItaly oSpain oRest of Europe (RoE) Page 5 of 6 © Meticulous Research| sales@meticulousresearch.com

  7. Ophthalmic Equipment Market 2023-2030 •Asia-Pacific (APAC) oChina oJapan oIndia oRest of APAC (RoAPAC) •Latin America (LATAM) oBrazil oMexico oRest of Latin America (RoLATM) •Middle East & Africa Download Free @ https://www.meticulousresearch.com/download-sample- report/cp_id=5461 Sample Report Now Contact Us: Meticulous Research® Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous- research Page 6 of 6 © Meticulous Research| sales@meticulousresearch.com

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