Ophthalmic Equipment Market- Global Industry Size, Share, Trends, Opportunity and Forecast, Segmented By Product (Vision Care Products, Ophthalmology Surgical Devices, Diagnostic and Monitoring Devices, Others), By Application (Glaucoma, Amblyopia, Cataract, Retinal Detachment, Others), By End User (Hospitals & Clinics, Ambulatory Care Centers, Others), By Region, and Competition, 2019-2029F

  • Industry : Healthcare
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  • Published Date : NA
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Summary

Report Description

Forecast Period

2025-2029

Market Size (2023)

USD 58.42 billion

Market Size (2029)

USD 77.13 billion

CAGR (2024-2029)

4.91%

Fastest Growing Segment

Diagnostic and Monitoring Devices

Largest Market

North America

Market Overview

Global Ophthalmic Equipment Market was valued at USD 58.42 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 4.91% through 2029. The global ophthalmic equipment market is a dynamic sector characterized by continuous innovation, increasing demand for advanced diagnostic and treatment solutions, and a growing prevalence of eye-related disorders worldwide. As of recent analyses, the market has been witnessing robust growth driven by factors such as an aging population, rising incidences of eye diseases like cataracts, glaucoma, and macular degeneration, as well as advancements in technology facilitating early diagnosis and efficient treatment. The market encompasses a wide array of devices and equipment including diagnostic devices (such as optical coherence tomography (OCT), fundus cameras, refractors, tonometers, and autorefractors), surgical instruments (such as phacoemulsification systems, vitrectomy machines, and laser systems), vision care products (such as contact lenses and spectacles), and others. Emerging technologies like artificial intelligence (AI), robotics, and telemedicine are also reshaping the landscape, enhancing precision, and expanding accessibility to eye care services, particularly in remote or underserved areas. Geographically, the market exhibits significant diversity, with North America and Europe traditionally holding substantial shares due to well-established healthcare infrastructure and high adoption rates of advanced technologies. However, the Asia Pacific region is increasingly becoming a focal point for market players due to rapid urbanization, improving healthcare infrastructure, and a burgeoning middle-class population with increasing disposable income. Government initiatives aimed at improving eye health and increasing awareness about preventive care are further propelling market growth in emerging economies. Nevertheless, the market faces challenges such as stringent regulatory requirements, pricing pressures, and reimbursement issues, which may impede the growth trajectory to some extent. The global ophthalmic equipment market is poised for continued expansion, driven by technological advancements, demographic shifts, and a growing emphasis on eye health, promising opportunities for both existing players and new entrants in the industry.

Key Market Drivers

Increasing Prevalence of Eye Disorders

The increasing prevalence of eye disorders globally serves as a pivotal driver for the growth and expansion of the ophthalmic equipment market. Across the world, there has been a notable rise in the incidence of various eye conditions, including cataracts, glaucoma, macular degeneration, diabetic retinopathy, and refractive errors. This surge can be attributed to several factors, including an aging population, changes in lifestyle patterns such as prolonged screen time and unhealthy dietary habits, and the prevalence of chronic diseases like diabetes. As individuals age, they become more susceptible to eye-related ailments, with conditions like cataracts and age-related macular degeneration becoming more prevalent. The global increase in the prevalence of diabetes is closely linked to the rise in diabetic retinopathy cases, a leading cause of vision loss among working-age adults. The widespread adoption of digital devices and prolonged exposure to screens have led to a surge in cases of digital eye strain and myopia, particularly among younger populations. As a result, there is a growing demand for ophthalmic equipment that can effectively diagnose, monitor, and treat these conditions. Advanced diagnostic tools such as optical coherence tomography (OCT), fundus cameras, and tonometers play a crucial role in early detection and management of eye disorders. The surgical devices like phacoemulsification systems and laser systems are instrumental in performing precise and efficient procedures for conditions like cataracts and glaucoma. The increasing prevalence of eye disorders underscores the importance of continuous innovation and advancement in ophthalmic technology to meet the growing demand for effective diagnosis and treatment solutions globally. Thus, addressing the rising burden of eye diseases remains a key focus for healthcare providers, driving the demand for ophthalmic equipment in the global market.

Growing Awareness and Focus on Eye Health

The growing awareness and focus on eye health are significant drivers shaping the global ophthalmic equipment market. With increasing recognition of the importance of maintaining good vision for overall well-being, individuals, healthcare professionals, and policymakers are placing greater emphasis on preventive eye care measures and regular screenings. Public health campaigns, educational initiatives, and advocacy efforts aimed at promoting eye health have contributed to raising awareness about the risk factors associated with various eye conditions and the importance of early detection and treatment. As the global population ages and the prevalence of chronic diseases such as diabetes continues to rise, there is a heightened awareness of the link between systemic health and eye health, further underscoring the need for proactive eye care. This growing awareness has led to an uptick in demand for ophthalmic equipment, including diagnostic devices such as refractors, tonometers, and optical coherence tomography (OCT) machines, as well as vision care products like contact lenses and spectacles. There is a growing interest in advanced technologies such as telemedicine and remote monitoring solutions, which enable individuals to access eye care services conveniently and efficiently. Healthcare providers are also investing in innovative ophthalmic technologies to meet the evolving needs of patients and deliver high-quality eye care services. Supportive regulatory frameworks and reimbursement policies for preventive eye care services and ophthalmic procedures have incentivized healthcare facilities to invest in state-of-the-art equipment, driving market growth. The growing awareness and focus on eye health are expected to continue fueling the demand for ophthalmic equipment globally, driving innovation and expansion in the market for years to come.

Rising Healthcare Expenditure

The rising healthcare expenditure worldwide is a significant factor driving the growth of the global ophthalmic equipment market. As economies develop and per capita income levels increase, there is a corresponding rise in healthcare spending, including expenditures related to eye care services and ophthalmic equipment. The increasing prevalence of eye disorders and the aging population contribute to the growing demand for ophthalmic equipment, necessitating higher healthcare expenditures to meet the rising healthcare needs. Advancements in ophthalmic technology have led to the development of more sophisticated diagnostic and treatment tools, which often come with higher costs. Healthcare providers are thus compelled to allocate a larger portion of their budgets towards acquiring and maintaining state-of-the-art ophthalmic equipment to ensure the delivery of high-quality eye care services. The expansion of healthcare infrastructure, particularly in emerging economies, entails substantial investments in medical equipment and facilities, including ophthalmic equipment, to meet the growing demand for healthcare services. Government initiatives aimed at improving access to healthcare and reducing the burden of preventable blindness often involve increased healthcare spending on ophthalmic equipment and services. Despite the rising healthcare expenditure, efforts are being made to optimize resource allocation and enhance cost-effectiveness in the delivery of eye care services. This includes initiatives to promote early diagnosis and preventive measures to reduce the overall burden of eye diseases and associated healthcare costs. Overall, the rising healthcare expenditure underscores the importance of investment in ophthalmic equipment to address the increasing demand for eye care services globally, driving market growth and innovation in the ophthalmic equipment sector.


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Key Market Challenges

Stringent Regulatory Requirements

Stringent regulatory requirements pose a significant challenge to the global ophthalmic equipment market, impacting manufacturers, healthcare providers, and ultimately, patients. Ophthalmic equipment, encompassing diagnostic devices, surgical instruments, and vision care products, must adhere to stringent regulations to ensure safety, efficacy, and quality standards are met. Regulatory bodies such as the Food and Drug Administration (FDA) in the United States, the European Medicines Agency (EMA) in Europe, and similar agencies worldwide impose comprehensive regulatory frameworks governing the development, manufacturing, marketing, and distribution of ophthalmic equipment. Compliance with these regulations involves navigating a complex and often lengthy approval process, which can be both time-consuming and resource-intensive. Manufacturers must conduct extensive preclinical and clinical studies to demonstrate the safety and efficacy of their products, adhere to Good Manufacturing Practices (GMP), and maintain stringent quality control measures throughout the manufacturing process. The regulatory requirements may vary across different markets, requiring manufacturers to adapt their products and strategies to comply with specific regional regulations. The stringent regulatory landscape can pose challenges for smaller manufacturers or startups with limited resources, hindering their ability to bring innovative ophthalmic technologies to market. The regulatory changes or updates can disrupt product development timelines and increase compliance costs, impacting profitability and market competitiveness. For healthcare providers, navigating regulatory requirements is essential when selecting and implementing ophthalmic equipment in clinical settings. Compliance ensures patient safety and quality of care, but it also adds administrative burden and costs associated with training, documentation, and regulatory reporting. Overall, while stringent regulatory requirements play a crucial role in safeguarding patient health and maintaining industry standards, they also present challenges for stakeholders in the global ophthalmic equipment market. Addressing these challenges requires ongoing collaboration between industry stakeholders, regulatory authorities, and healthcare providers to streamline processes, improve efficiency, and ensure timely access to safe and effective ophthalmic technologies for patients worldwide.

High Cost of Equipment

The high cost of equipment presents a significant challenge in the global ophthalmic equipment market, impacting both healthcare providers and patients. Ophthalmic equipment, ranging from diagnostic devices to surgical instruments, often involves substantial initial investment costs due to the advanced technology and precision required for accurate diagnostics and treatments. For healthcare providers, the high upfront costs of acquiring ophthalmic equipment can strain budgets, particularly in resource-constrained settings or regions with limited healthcare funding. The ongoing expenses such as maintenance, upgrades, and training further contribute to the total cost of ownership, posing financial challenges for healthcare facilities. Patients also face barriers due to the high cost of ophthalmic equipment, especially those without adequate insurance coverage or in regions where out-of-pocket expenses are significant. Access to essential eye care services and treatments may be limited for individuals who cannot afford the associated costs, leading to disparities in healthcare access and outcomes. The high cost of equipment can deter healthcare providers from investing in the latest technologies, potentially hindering patient care and limiting treatment options. Addressing the issue of high equipment costs requires collaboration among stakeholders in the ophthalmic equipment market, including manufacturers, healthcare providers, insurers, and policymakers. Manufacturers may explore strategies to optimize manufacturing processes, reduce production costs, and offer flexible pricing models to improve affordability and accessibility. Healthcare providers can seek alternative financing options, such as leasing or equipment sharing agreements, to mitigate upfront expenses and manage financial risk. Policymakers play a crucial role in implementing policies that promote competition, innovation, and transparency in the ophthalmic equipment market, ultimately driving down costs and improving patient access to essential eye care services. While the high cost of equipment remains a significant challenge in the global ophthalmic equipment market, collaborative efforts to address affordability barriers can help ensure that patients receive timely access to high-quality eye care services and treatments, regardless of their financial circumstances or geographic location.

Key Market Trends

Shift Towards Minimally Invasive Procedures

The global ophthalmic equipment market is witnessing a significant shift towards minimally invasive procedures, driven by various factors that prioritize patient comfort, quicker recovery times, and improved surgical outcomes. Minimally invasive techniques in ophthalmology involve smaller incisions, reduced tissue trauma, and less disruption to surrounding structures compared to traditional surgical approaches. This trend is particularly evident in procedures such as cataract surgery, glaucoma surgery, and refractive surgery. Micro-incision cataract surgery (MICS), for instance, involves the use of smaller incision sizes (typically less than 2.0 mm) compared to conventional cataract surgery, resulting in faster visual recovery, reduced induced astigmatism, and better stability of the postoperative refractive outcome. The adoption of minimally invasive procedures is driving demand for specialized ophthalmic equipment designed to facilitate these techniques. Advanced phacoemulsification systems with smaller, more precise handpieces, as well as innovative intraocular lenses (IOLs) with enhanced optical properties and biocompatibility, are among the key equipment used in modern cataract surgery. Similarly, the development of micro-invasive glaucoma surgery (MIGS) devices, such as trabecular micro-bypass stents and minimally invasive glaucoma drainage implants, has revolutionized the management of glaucoma by offering safer and less invasive alternatives to traditional filtration surgeries. The shift towards minimally invasive procedures is reshaping the ophthalmic equipment market landscape, with manufacturers focusing on innovation to meet the evolving needs of surgeons and patients. Investments in research and development are driving the introduction of novel technologies, including femtosecond lasers for corneal and refractive surgery, optical coherence tomography (OCT) guided systems for precise intraocular measurements, and advanced imaging modalities for real-time visualization during surgery. The trend towards minimally invasive procedures in ophthalmology is expected to continue driving growth and innovation in the global ophthalmic equipment market, with a growing emphasis on enhancing surgical precision, optimizing patient outcomes, and improving overall surgical experience.

Focus on Preventive Eye Care

The global ophthalmic equipment market is experiencing a notable shift towards preventive eye care, driven by increasing awareness of the importance of early detection and intervention in maintaining eye health. There is a growing recognition that many eye conditions, such as cataracts, glaucoma, macular degeneration, and diabetic retinopathy, can be effectively managed or even prevented with timely screenings and lifestyle interventions. This has led to a concerted effort by healthcare providers, policymakers, and advocacy groups to promote regular eye examinations and proactive measures to prevent vision loss. In response to this focus on preventive eye care, the demand for ophthalmic equipment used in diagnostic and monitoring procedures is on the rise. Advanced technologies such as optical coherence tomography (OCT), fundus cameras, and retinal imaging systems enable healthcare professionals to detect early signs of eye diseases and monitor changes in ocular structures over time. These diagnostic tools play a crucial role in identifying risk factors, diagnosing conditions at early stages when treatment is most effective, and monitoring disease progression to prevent vision loss. There is increasing emphasis on lifestyle interventions and education to promote eye health and prevent eye diseases. Public health campaigns and educational initiatives raise awareness about the importance of maintaining a healthy lifestyle, protecting the eyes from harmful ultraviolet (UV) radiation, and minimizing risk factors such as smoking and poor nutrition.  The efforts to improve access to eye care services, particularly in underserved communities, are driving the adoption of portable and cost-effective ophthalmic equipment for community-based screenings and outreach programs. The focus on preventive eye care is reshaping the ophthalmic equipment market, with manufacturers investing in the development of innovative technologies and solutions to support early detection and intervention strategies. This includes the integration of telemedicine platforms, mobile health applications, and remote monitoring devices to expand access to preventive eye care services and empower individuals to take proactive steps towards preserving their vision. The shift towards preventive eye care represents a significant opportunity for the global ophthalmic equipment market to address the growing burden of eye diseases and improve eye health outcomes worldwide.

Segmental Insights

Product Insights

Based on product, diagnostic and monitoring devices segment dominated the Global Ophthalmic Equipment Market in 2023. This is ascribed due to the increasing prevalence of eye-related disorders globally, necessitating early diagnosis and continuous monitoring for effective management. Diagnostic and monitoring devices such as optical coherence tomography (OCT), fundus cameras, and tonometers play a crucial role in detecting conditions like glaucoma, macular degeneration, and diabetic retinopathy at early stages, facilitating timely intervention and reducing the risk of vision loss. Theaddit advancements in technology have led to the development of more accurate and efficient diagnostic tools, further driving the demand for such devices in both clinical settings and outpatient facilities. As a result, the Diagnostic and Monitoring Devices segment is expected to maintain its dominance in the ophthalmic equipment market.

Application Insights

Based on application, Cataract, segment dominated the Global Ophthalmic Equipment Market in 2023. Cataract is the leading cause of blindness globally, accounting for a significant portion of age-related vision impairment. With an aging population worldwide, the prevalence of cataracts is expected to increase, driving the demand for diagnostic equipment, surgical instruments, and vision care products used in cataract diagnosis and treatment. The advancements in cataract surgery techniques, such as micro-incision cataract surgery (MICS) and premium intraocular lenses (IOLs), have further fueled market growth. The high incidence rate of cataracts, coupled with the availability of effective surgical interventions, positions the cataract segment as the dominant sector in the global ophthalmic equipment market.


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Regional Insights

North America dominates the global ophthalmic equipment market due to several key factors. The region boasts advanced healthcare infrastructure and a well-established network of healthcare facilities, including hospitals, clinics, and specialized eye care centers. This infrastructure facilitates the adoption of advanced ophthalmic equipment, as healthcare providers have the resources and capabilities to invest in state-of-the-art technologies. North America has a high prevalence of eye disorders, including cataracts, glaucoma, and age-related macular degeneration, attributed partly to the aging population and lifestyle factors. The demand for ophthalmic equipment for diagnosis, treatment, and monitoring of these conditions is consequently high. North America is home to several leading ophthalmic equipment manufacturers and research institutions, driving innovation and technological advancements in the field. This concentration of expertise fosters the development of cutting-edge diagnostic and surgical equipment, enhancing the region's competitiveness in the global market. The favorable reimbursement policies and regulatory frameworks in North America incentivize healthcare providers to invest in ophthalmic equipment, ensuring accessibility and affordability for patients. Overall, the combination of advanced healthcare infrastructure, high disease prevalence, innovation, and supportive policies positions North America as a dominant segment in the global ophthalmic equipment market.

Recent Developments

  • In August 2022, Glaukos Corporation obtained 510(k) clearance from the FDA for its iStent infinite, a trabecular micro-bypass system. This device is specifically designed for standalone procedures to alleviate elevated intraocular pressure (IOP) in individuals with primary open-angle glaucoma unresponsive to previous medical and surgical interventions.
  • In July 2022, AbbVie and iSTAR Medical SA formed a strategic partnership aimed at advancing and commercializing the MINIject device. The MINIject device, developed by iSTAR Medical, represents a minimally invasive glaucoma surgical (MIGS) solution intended for patients dealing with glaucoma. These developments signify significant strides in the field of ophthalmology, offering innovative solutions to address the needs of patients with glaucoma by providing effective and minimally invasive treatment options.

Key Market Players

  • EssilorLuxottica SA
  • Alcon Inc.
  • Johnson & Johnson Vision Care
  • Hoya corporation
  • CooperVision, Inc.
  • Bausch & Lomb Inc
  • Carl Zeiss Meditec AG
  • Topcon Corporation
  • Glaukos Corporation
  • Haag-Streit Holding.

By Product

By Application

By End User

By Region
  • Vision Care Products
  • Ophthalmology Surgical Devices
  • Diagnostic and Monitoring Devices
  • Others
  • Glaucoma
  • Amblyopia
  • Cataract
  • Retinal Detachment
  • Others
  • Hospitals & Clinics
  • Ambulatory Care Centers
  • Others
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the Global Ophthalmic Equipment Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Global Ophthalmic Equipment Market, By Product:

o   Vision Care Products

o   Ophthalmology Surgical Devices

o   Diagnostic and Monitoring Devices

o   Others

  • Global Ophthalmic Equipment Market, By Application:

o   Glaucoma

o   Amblyopia

o   Cataract

o   Retinal Detachment

o   Others

  • Global Ophthalmic Equipment Market, By End User:

o   Hospitals & Clinics

o   Ambulatory Care Centers

o   Others

·         Global Ophthalmic Equipment Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Egypt

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Global Ophthalmic Equipment Market.

Available Customizations:

Global Ophthalmic Equipment Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
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Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.     Markets Covered

1.2.2.     Years Considered for Study

1.2.3.     Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Voice of Customer

5.    Global Ophthalmic Equipment Market Outlook

5.1.  Market Size & Forecast

5.1.1.     By Value

5.2.  Market Share & Forecast

5.2.1.     By Product (Vision Care Products, Ophthalmology Surgical Devices, Diagnostic and Monitoring Devices, Others)

5.2.2.     By Application (Glaucoma, Amblyopia, Cataract, Retinal Detachment, Others)

5.2.3.     By End User (Hospitals & Clinics, Ambulatory Care Centers, Others)

5.2.4.     By Region

5.2.5.     By Company (2023)

5.3.  Market Map

5.3.1.     By Product

5.3.2.     By Application

5.3.3.     By End User

5.3.4.     By Region

6.    Asia Pacific Ophthalmic Equipment Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Product

6.2.2.     By Application

6.2.3.     By End User

6.2.4.     By Country

6.3.  Asia Pacific: Country Analysis

6.3.1.     China Ophthalmic Equipment Market Outlook

6.3.1.1.         Market Size & Forecast

6.3.1.1.1.             By Value

6.3.1.2.         Market Share & Forecast

6.3.1.2.1.               By Product

6.3.1.2.2.               By Application

6.3.1.2.3.               By End User

6.3.2.     India Ophthalmic Equipment Market Outlook

6.3.2.1.         Market Size & Forecast

6.3.2.1.1.             By Value

6.3.2.2.         Market Share & Forecast

6.3.2.2.1.               By Product

6.3.2.2.2.               By Application

6.3.2.2.3.               By End User

6.3.3.     Australia Ophthalmic Equipment Market Outlook

6.3.3.1.         Market Size & Forecast

6.3.3.1.1.             By Value

6.3.3.2.         Market Share & Forecast

6.3.3.2.1.               By Product

6.3.3.2.2.               By Application

6.3.3.2.3.               By End User 

6.3.4.     Japan Ophthalmic Equipment Market Outlook

6.3.4.1.         Market Size & Forecast

6.3.4.1.1.             By Value

6.3.4.2.         Market Share & Forecast

6.3.4.2.1.               By Product

6.3.4.2.2.               By Application

6.3.4.2.3.               By End User 

6.3.5.     South Korea Ophthalmic Equipment Market Outlook

6.3.5.1.         Market Size & Forecast

6.3.5.1.1.             By Value

6.3.5.2.         Market Share & Forecast

6.3.5.2.1.               By Product

6.3.5.2.2.               By Application

6.3.5.2.3.               By End User

7.    Europe Ophthalmic Equipment Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Product

7.2.2.     By Application

7.2.3.     By End User

7.2.4.     By Country

7.3.  Europe: Country Analysis

7.3.1.     France Ophthalmic Equipment Market Outlook

7.3.1.1.         Market Size & Forecast

7.3.1.1.1.             By Value

7.3.1.2.         Market Share & Forecast

7.3.1.2.1.               By Product

7.3.1.2.2.               By Application

7.3.1.2.3.               By End User 

7.3.2.     Germany Ophthalmic Equipment Market Outlook

7.3.2.1.         Market Size & Forecast

7.3.2.1.1.             By Value

7.3.2.2.         Market Share & Forecast

7.3.2.2.1.               By Product

7.3.2.2.2.               By Application

7.3.2.2.3.               By End User

7.3.3.     Spain Ophthalmic Equipment Market Outlook

7.3.3.1.         Market Size & Forecast

7.3.3.1.1.             By Value

7.3.3.2.         Market Share & Forecast

7.3.3.2.1.               By Product

7.3.3.2.2.               By Application

7.3.3.2.3.               By End User

7.3.4.     Italy Ophthalmic Equipment Market Outlook

7.3.4.1.         Market Size & Forecast

7.3.4.1.1.             By Value

7.3.4.2.         Market Share & Forecast

7.3.4.2.1.               By Product

7.3.4.2.2.               By Application

7.3.4.2.3.               By End User

7.3.5.     United Kingdom Ophthalmic Equipment Market Outlook

7.3.5.1.         Market Size & Forecast

7.3.5.1.1.             By Value

7.3.5.2.         Market Share & Forecast

7.3.5.2.1.               By Product

7.3.5.2.2.               By Application

7.3.5.2.3.               By End User

8.    North America Ophthalmic Equipment Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.   By Product

8.2.2.   By Application

8.2.3.   By End User

8.2.4.   By Country

8.3.  North America: Country Analysis

8.3.1.     United States Ophthalmic Equipment Market Outlook

8.3.1.1.         Market Size & Forecast

8.3.1.1.1.             By Value

8.3.1.2.         Market Share & Forecast

8.3.1.2.1.               By Product

8.3.1.2.2.               By Application

8.3.1.2.3.               By End User

8.3.2.     Mexico Ophthalmic Equipment Market Outlook

8.3.2.1.         Market Size & Forecast

8.3.2.1.1.             By Value

8.3.2.2.         Market Share & Forecast

8.3.2.2.1.               By Product

8.3.2.2.2.               By Application

8.3.2.2.3.               By End User

8.3.3.     Canada Ophthalmic Equipment Market Outlook

8.3.3.1.         Market Size & Forecast

8.3.3.1.1.             By Value

8.3.3.2.         Market Share & Forecast

8.3.3.2.1.               By Product

8.3.3.2.2.               By Application

8.3.3.2.3.               By End User 

9.    South America Ophthalmic Equipment Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.   By Product

9.2.2.   By Application

9.2.3.   By End User

9.2.4.     By Country

9.3.  South America: Country Analysis

9.3.1.     Brazil Ophthalmic Equipment Market Outlook

9.3.1.1.         Market Size & Forecast

9.3.1.1.1.             By Value

9.3.1.2.         Market Share & Forecast

9.3.1.2.1.               By Product

9.3.1.2.2.               By Application

9.3.1.2.3.               By End User 

9.3.2.     Argentina Ophthalmic Equipment Market Outlook

9.3.2.1.         Market Size & Forecast

9.3.2.1.1.             By Value

9.3.2.2.         Market Share & Forecast

9.3.2.2.1.               By Product

9.3.2.2.2.               By Application

9.3.2.2.3.               By End User 

9.3.3.     Colombia Ophthalmic Equipment Market Outlook

9.3.3.1.         Market Size & Forecast

9.3.3.1.1.             By Value

9.3.3.2.         Market Share & Forecast

9.3.3.2.1.               By Product

9.3.3.2.2.               By Application

9.3.3.2.3.               By End User

10.  Middle East and Africa Ophthalmic Equipment Market Outlook

10.1.              Market Size & Forecast

10.1.1.   By Value

10.2.              Market Share & Forecast

10.2.1.                By Product

10.2.2.                By Application

10.2.3.                By End User

10.2.4.                By Country

10.3.              MEA: Country Analysis

10.3.1.   South Africa Ophthalmic Equipment Market Outlook

10.3.1.1.      Market Size & Forecast

10.3.1.1.1.           By Value

10.3.1.2.      Market Share & Forecast

10.3.1.2.1.             By Product

10.3.1.2.2.             By Application

10.3.1.2.3.             By End User 

10.3.2.   Saudi Arabia Ophthalmic Equipment Market Outlook

10.3.2.1.      Market Size & Forecast

10.3.2.1.1.           By Value

10.3.2.2.      Market Share & Forecast

10.3.2.2.1.             By Product

10.3.2.2.2.             By Application

10.3.2.2.3.             By End User 

10.3.3.   UAE Ophthalmic Equipment Market Outlook

10.3.3.1.      Market Size & Forecast

10.3.3.1.1.           By Value

10.3.3.2.      Market Share & Forecast

10.3.3.2.1.             By Product

10.3.3.2.2.             By Application

10.3.3.2.3.             By End User

10.3.4.   Egypt Ophthalmic Equipment Market Outlook

10.3.4.1.      Market Size & Forecast

10.3.4.1.1.           By Value

10.3.4.2.      Market Share & Forecast

10.3.4.2.1.             By Product

10.3.4.2.2.             By Application

10.3.4.2.3.             By End User 

11.  Market Dynamics

11.1.              Drivers

11.2.              Challenges

12.  Market Trends & Developments

12.1.              Recent Developments

12.2.              Product Launches

12.3.              Mergers & Acquisitions

13.  Global Ophthalmic Equipment Market: SWOT Analysis

14.  Porter’s Five Forces Analysis

14.1.              Competition in the Industry

14.2.              Potential of New Entrants

14.3.              Power of Suppliers

14.4.              Power of Customers

14.5.              Threat of Substitute Product

15.  Competitive Landscape

15.1.              EssilorLuxottica SA

15.1.1.          Business Overview

15.1.2.           Company Snapshot

15.1.3.           Products & Services

15.1.4.           Financials (In case of listed)

15.1.5.           Recent Developments

15.1.6.           SWOT Analysis

15.2.              Alcon Inc.

15.3.              Johnson & Johnson Vision Care

15.4.              Hoya corporation

15.5.              CooperVision, Inc.

15.6.              Bausch & Lomb Inc

15.7.              Carl Zeiss Meditec AG

15.8.              Topcon Corporation

15.9.              Glaukos Corporation

15.10.            Haag-Streit Holding

16.  Strategic Recommendations

17. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Ophthalmic Equipment Market was estimated to be USD 58.42 billion in 2023.

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EssilorLuxottica SA, Alcon Inc., Johnson & Johnson Vision Care, Hoya corporation, CooperVision, Inc., Bausch & Lomb Inc, Carl Zeiss Meditec AG, Topcon Corporation, Glaukos Corporation, Haag-Streit Holding etc., are the key players of Global Ophthalmic Equipment Market.

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Stringent Regulatory Requirements, High Cost of Equipment are the challenges faced by the Global Ophthalmic Equipment Market in the upcoming years.

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The rising incidence of eye disorders such as cataracts, glaucoma, macular degeneration, and diabetic retinopathy worldwide is a significant driver. As the global population ages and lifestyles change, the prevalence of these conditions is expected to increase, boosting the demand for ophthalmic equipment for diagnosis and treatment.

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Sakshi Bajaal

Business Consultant
Press Release

Ophthalmic Equipment Market to Grow with a CAGR of 4.91% through 2029

Apr, 2024

Rising eye disorders are expected to drive the Global Ophthalmic Equipment Market in the forecast period 2025-2029

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