United States ophthalmic
equipment market are anticipated to show a robust growth in the upcoming five
years, 2023-2027. The market growth can be attributed to rising incidences of eye
diseases in the population along with the availability of the equipment in the
market. The geriatric population is most susceptible to the weaking eyesight
and contracting various kind of eye diseases. As the age of a human being
increases the degeneration of nerve cells, and the capacity of the eye lenses
to change the focus rapidly decreases thereby causing various conditions of
weak eyesight. Also, eye diseases like cataract, diabetic retinopathy,
glaucoma, amblyopia, also affects the visionary abilities of the geriatric
population at large. Therefore, rising number of geriatric populations would
support the growth of the United States ophthalmic equipment market in the
upcoming five years. Moreover, newborn babies with the critical vision
disabilities and challenging eye-sight issues are being born due to various
conditions, the rise in number of such birth are demanding advanced technology
and medically modern equipment for the diagnosing and surgical process for the
child, thereby supporting the growth of the market in the next five years.
Furthermore, technological advancements in ophthalmic devices, government initiatives
to control visual impairment, and the rising adoption of contact lenses and
spectacles are aiding to the rapid growth of the United States ophthalmic
equipment market in the upcoming five years. Although, high cost of surgical
devices and the treatment procedures might affect the market growth mildly in
the forecast period, until 2027.
The branch of medicine and
surgery that deals with the visionary defects and diseases along with the
diagnosing and treatment of the eye disorders is coined as ophthalmology. The
devices, and medical equipment used in the diagnosing and treatment procedures
in the ophthalmology, is the ophthalmology equipment. It encircles all sorts of
tools, from the diagnosing device, ophthalmometer, to eye-sight correcting
contact lenses, phoropter, tonometer, all belong to the ophthalmic equipment
criteria.
The United States ophthalmic
equipment market segmentation is based on product, application, end user,
competitional landscape, and regional distribution. Based on product, the
market is further bifurcated into vision care products, ophthalmology surgical
devices, diagnostic & monitoring devices, and others. Ophthalmology
surgical devices are anticipated to hold the largest revenue shares of the
market in the next five years, on the account of increasing instances of eye
diseases that require the surgical procedure as a treatment process. Diseases
like cataract, glaucoma, refractive errors, and diabetic retinopathy are
propelling the growth of the surgical devices market. Moreover, diagnostic and
monitoring devices are also anticipated to register the significant shares of
the market due to the post op processes and pre op diagnosing procedures.
A partial list of market
player in the United States ophthalmic equipment market includes, Alcon Inc., Johnson
& Johnson, CooperVision, Inc., Bausch Health Companies, Inc, Carl Zeiss,
Inc., Glaukos Corporation, STAAR Surgical Company, Heidelberg Engineering, Inc.,
Canon Inc., Optovue, Inc, among others. These market players hold larger shares
of the market than the new market players. With the advancement of the
technology, it is appropriate to say that the effective research and
development of the technologically advanced medical devices would support the
market growth and benefit the market players as well as the consumers. New
market players may focus on the research and development to provide devices
that satisfies the consumer demand as well as benefits the market players in
building their brand value. Other competitive strategies include mergers &
acquisitions and new product developments.
Objective
of the Study:
- To analyze the historical
growth of the market size of United States Ophthalmic Equipment market
from 2017 to 2020.
- To estimate and forecast the market size of United
States ophthalmic equipment market from 2021 to 2027 and growth rate until
2027.
- To classify and forecast United States ophthalmic equipment market
based on product, application, end user, competitional landscape, and
regional distribution.
- To identify dominant region or segment in the United
States ophthalmic equipment market.
- To identify drivers and challenges for United
States ophthalmic equipment market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in United
States ophthalmic equipment market.
- To identify and analyze
the profile of leading players operating in United States
ophthalmic equipment market.
- To identify key sustainable strategies adopted
by market players in United States ophthalmic equipment market.
Click here to download the sample
TechSci Research performed both primary
as well as exhaustive secondary research for this study. Initially, TechSci
Research sourced a list of manufacturers, suppliers, and service providers
across the country. Subsequently, TechSci Research conducted primary research
surveys with the identified companies. While interviewing, the respondents were
also enquired about their competitors. Through this technique, TechSci Research
could include the manufactures which could not be identified due to the
limitations of secondary research. TechSci Research analyzed the manufactures,
distribution channels and presence of all major players across the country.
TechSci Research calculated the market
size of United States ophthalmic
equipment market
using a bottom-up approach, wherein data for various end-user segments was recorded
and forecast for the future years. TechSci Research sourced these values from
the industry experts and company representatives and externally validated
through analyzing historical data of these product types and applications for
getting an appropriate, overall market size. Various secondary sources such as
company websites, news articles, press releases, company annual reports,
investor presentations and financial reports were also studied by TechSci
Research.
Key
Target Audience:
- Ophthalmic equipment manufacturers, end users, and other
stakeholders
- Distributers and suppliers of the products and other
stakeholders
- Organizations, forums, and alliances related to ophthalmic
equipment
- Market research and consulting firms
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders
such as manufacturers, suppliers, end users, etc., besides allowing them in
strategizing investments and capitalizing on market opportunities.
|
Attribute
|
Details
|
|
Base Year
|
2021
|
|
Historical Data
|
2017 – 2020
|
|
Estimated Year
|
2022
|
|
Forecast Period
|
2023 – 2027
|
|
Quantitative Units
|
Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027
|
|
Report coverage
|
Revenue forecast, company share, competitive landscape, growth
factors, and trends
|
|
Segments covered
|
·
Product
·
Application
·
End User
|
|
Regional scope
|
South, West, Mid-West, North-East.
|
|
Key companies profiled
|
Alcon Inc., Johnson & Johnson,
CooperVision, Inc., Bausch Health Companies, Inc, Carl Zeiss, Inc., Glaukos
Corporation, STAAR Surgical Company, Heidelberg Engineering, Inc., Canon
Inc., Optovue, Inc
|
|
Customization scope
|
10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
|
|
Pricing and purchase options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase options
|
|
Delivery Format
|
PDF and Excel through Email
(We can also provide the editable version of the report in PPT/Word format on
special request)
|
Report Scope:
In this report, United States ophthalmic equipment market has been segmented into
following categories, in addition to the industry trends which have also been
detailed below:
- United States Ophthalmic Equipment Market, By Product:
- Vision Care Products
- Ophthalmology Surgical Devices
- Diagnostic & Monitoring
Devices
- Others
- United States Ophthalmic Equipment
Market, By Application:
o Glaucoma
o Amblyopia
o Cataract
o Retinal Detachment
o Others
- United States Ophthalmic Equipment
Market, By End User:
- Hospitals & Clinics
- Ambulatory Care Centers
- Others
- United States Ophthalmic Equipment
Market, By Region:
- Southwest
- Mid-West
- Northeast
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in United States ophthalmic equipment market.
Available Customizations:
With the given market data, TechSci
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).
United States Ophthalmic Equipment Market is an upcoming report to be
released soon. If you wish an early delivery of this report or want to confirm
the date of release, please contact us at [email protected]