Ophthalmic Devices Market: Current Analysis and Forecast (2020-2026)

Ophthalmic Devices Market: Current Analysis and Forecast (2020-2026)

Emphasis on Product [Vision Care (Spectacles, Contact Lens), Surgery Devices (Cataract, Glaucoma, Refractive, Vitreoretinal, and Other Surgery Devices), Diagnostic and Monitoring Devices (Optical Coherence Tomography Scanner, Fundus Camera, Tonometer, Perimeter, Optical Biometry, Ophthalmic Operating Microscopes, Slit Lamp, Autorefractors, Other Diagnostics & Monitoring Devices), Disease Area (Cataract, Glaucoma, Age Related Macular Diseases, Diabetic Retinopathy, Others), End Users (Hospitals, Ophthalmic Clinics, Ambulatory Surgery Centers, Optical Centers) and Region/Country

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Published: Nov-2020

Pages:346

Table:140

Figure:245

Report ID:UMHE20169

Ophthalmic Devices derived revenue of US$ 31,856.4 million in 2019 and are expected to fetch US$ 46,337.4 million by 2026 displaying significant CAGR of 5.2% over the forecast period (2021-2026). With the introduction of the ophthalmic devices incorporating these sophisticated technologies, people are increasingly opting for ophthalmic surgeries to correct their eye-related disorders. A growing number of people are receiving ophthalmic prostheses due to the aging population and the increasing prevalence of ophthalmic conditions. Of those with visual impairment or blindness, the five major eye conditions such as cataract, macular degeneration, glaucoma, diabetic eye disease, and refractive error account for approximately three-quarters of all cases. In recent years, the growing disposable income has encouraged people to buy quality eyewear products that are in perfect amalgamation with their increasing living standards. Moreover, people are now opting for trendy and designer sunglasses according to the latest trends prevailing in the market.

Population aging is one of the major factors that is responsible for the increase in the incidence and prevalence of patients suffering from eye defects. Statistics reveal that 65% of those with visual impairment and 82% of those who are blind are over 50 years old. As per the United Nations, Population aging refers to the change in the composition of a population such that there is an increase in the proportion of older persons. Growth in certain regions and countries is decelerating whereas population aging is accelerating. As per WHO lifestyle changes and urbanization - will also dramatically increase the number of people with eye conditions, vision impairment, and blindness in the coming decades. Myopia is one such condition which is a major public health concern in several East Asian countries, where the condition affects 80% to 90% of high school graduates. Ophthalmology and its subspecialties have been at the forefront of medical innovation and have embraced the rapid advances in several technologies, including pharmacology, imaging, data processing, and devices. Technological innovations in ophthalmology provide ophthalmologists with new ways to improve the quality of care. Scientific and technological advances have also opened a wide range of clinical and research opportunities in the field of eye care.

  Population Affected with Vision Impairment

Essilor International S.A., Bausch Health Companies, Ellex Medical Lasers, Second Sight Medical Products, Hoya Corporation, Alcon, Johnson & Johnson, Carl Zeiss Meditec AG, Escalon Medical Corp., Topcon Corporation, Nidek Co., Staar Surgical, Lumenis, Glaukos Corporation, and Vision Care are some of the prominent players operating in the global ophthalmic devices market. Several M&A’s along with partnerships have been undertaken by these players to facilitate costumers with hi-tech and innovative products.

Insights Presented in the Report

 “Amongst product type, vision care devices segment holds the major share”

Based on product type, the market is fragmented into vision care devices, surgery devices, and diagnostic and monitoring. The vision care devices dominated the market with a share of 79.2% in 2019 and are expected to maintain their dominance during the forecast period owing to the increasing usage of electronic devices such as mobiles, PCs, and laptops which results in various eye-related defects.

“Amongst vision care products, spectacles sub-segment dominated the market in 2019”

The vision care segment is further subdivided into spectacles and contact lenses. Spectacles dominated the market with a share of 81.6% in 2019 and are expected to maintain its dominance during the forecast period owing to the increasing age, which is probably due to the increased need for presbyopic and post-cataract surgery refractive correction. The current use of spectacles also increased with increasing socioeconomic status possibly related to the increased level of education. However, the contact lenses segment is anticipated to witness the highest CAGR during the forecast period (2021-2026).

“Amongst surgery devices segment, cataract surgery devices segment is expected to dominate the market during the analyzed period”

Based on the surgery devices, the market is bifurcated into cataract surgery devices, glaucoma surgery devices, refractive surgery devices, vitreoretinal surgery devices, and other surgery devices. The cataract surgery devices dominated the market with a share of 66.8% in 2019 and are expected to maintain its dominance during the forecast period owing to the most frequent surgical procedure being performed in many developed countries, providing significant, long-term, and cost-effective improvements in the quality of life for patients of all ages. However, glaucoma surgery devices are anticipated to witness the highest CAGR during the analyzed period.

“Amongst ophthalmic diagnostic and monitoring devices type, optical coherence tomography/scanning laser ophthalmoscopy dominated the market in 2019”

Based on the ophthalmic diagnostic and monitoring devices type, the market is segmented into optical coherence tomography/scanning laser ophthalmoscopy, fundus camera, tonometer, perimeter, optical biometry, ophthalmic operating microscopes, slit lamp, autorefractors, and other diagnostic and monitoring devices. In 2019, optical coherence tomography/scanning laser ophthalmoscopy accounted for 18% of market revenue share and dominated the market. The segment is most commonly utilized in the clinic to diagnose retinal diseases. OCT has become essential in ophthalmology, offering a superior resolution of the retina and some of the adjacent tissues for diagnosis and treatment of eye diseases. New OCT modalities have now been assimilated into ophthalmic oncology to help track the status of ocular and periocular tumors through retinal symptoms.

“Amongst disease area, cataract is expected to dominate the market during the analyzed period”

Based on the disease area, the market is fragmented into a cataract, glaucoma, age-related macular degeneration, diabetic retinopathy, and others. In 2019, the cataract accounted for the maximum market share with 28.5% and is expected to be the leading segment of the ophthalmic devices market during the forecast period. According to the latest assessment by WHO, cataract is responsible for approximately 51% of world blindness, which represents about 20 million people. Although cataracts can be surgically removed, barriers exist in many countries that prevent patients to access surgery. However, Diabetic retinopathy is expected to witness the highest CAGR growth during the forecast period 2021-2026.

“Amongst end-users, optical centers dominated the market in 2019”

Based on end-users, the ophthalmic devices market is fragmented optical centers, hospitals, ophthalmic clinics, and ambulatory surgery centers. In 2019, optical centers accounted for 47.2% of market revenue share and dominated the market. However, the ophthalmic clinic segment is anticipated to witness the highest CAGR during the forecast period.

“North America represents one of the largest markets of ophthalmic devices market”

For a better understanding of the market dynamics of the ophthalmic devices market, a detailed analysis was conducted for different regions across the globe including North America (US, Canada, and Rest of North America), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and Rest of the World has been conducted. North America dominated the market and generated revenue of US$ 10,826.2 million in 2019 owing to the rising prevalence of ocular disorders, growth in the geriatric population, increase in healthcare expenditure, and technological advancements in ophthalmic devices. Approximately 11 million Americans aged 12 years and older could improve their vision through proper refractive correction.

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  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts
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  • The report covers in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
  • The study comprehensively covers the market across different segments
  • Deep dive regional level analysis of the industry

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  1 MARKET INTRODUCTION    
    1.1 Market Definition    
    1.2 Objective of the Study  
    1.3 Limitation    
    1.4 Stakeholders    
    1.5 Currency used in the Report  
    1.6 Scope of the Global Ophthalmic Devices Market Study
  2 RESEARCH METHODOLOGY OR ASSUMPTION
    2.1 Research Methodology for Global Ophthalmic Devices Market Study
      2.1.1 Main objective of the Global Ophthalmic Devices Market Study
  3 INDUSTRY PERFORMANCE    
  4 EXECUTIVE SUMMARY    
  5 CURRENT AND PROJECTED SCENARIO OF THE WORLD'S EYESIGHT
    5.1 General Overview    
      5.1.1 Key Facts on the state of the world's eyesight
      5.1.2 Improving the world’s Eyesight; the Goals of Vision 2020
  6 COVID-19 IMPACT ON OPHTHALMIC SERVICES
    6.1 General Overview    
    6.2 Case Study: Ophthalmology Lost More Patient Volume Due to COVID-19 Than Any Other Specialty in United States
    6.3 Case Study: Effect of COVID-19 related lockdown on ophthalmic practice and patient care in India
    6.4 Conclusion    
  7 MARKET OVERVIEW      
    7.1 Market Introduction  
    7.2 Market Dynamics    
      7.2.1 Market Drivers  
        7.2.1.1 Accelerating Geriatric Population
          7.2.1.1.1 Some of the Key Facts regarding Ageing and health
        7.2.1.2 Growing Number of Eye Defects
        7.2.1.3 Increasing Demand of Minimally Invasive Surgical Procedures
        7.2.1.4 Increasing Prevalence of Eye Related Diseases Such as Glaucoma, Cataract, and Others
        7.2.1.5 Technological Advancements in Developed Regions
        7.2.1.6 Rise in Global Adoption of Contact Lenses and Spectacles
      7.2.2 Market Restraints  
        7.2.2.1 Complications Associated with Eye Surgeries
        7.2.2.2 Reimbursement Policies for Ophthalmic Surgical Procedures
        7.2.2.3 Lack of Awareness and Accessibility to Eye Care in Developing Countries
      7.2.3 Market Opportunity
        7.2.3.1 Programs and Initiatives Worldwide to Reduce the Burden of Eye Related Diseases
        7.2.3.2 Adoption of Intraocular Lens Technology
  8 REIMBURSEMENT POLICY    
    8.1 General Overview    
      8.1.1 Codes changes in Ophthalmic Surgery in 2020
  9 LEGAL & REGULATORY FRAMEWORK  
    9.1 General Overview    
    9.2 Pre-clinical studies for contact lens and care solutions approval
    9.3 China      
    9.4 Australia      
  10 DEMAND AND SUPPLY SIDE ANALYSIS  
    10.1 Demand Side Analysis  
    10.2 Supply Side Analysis  
      10.2.1 Top Product Launches under Ophthalmic Devices
      10.2.2 Top Partnerships under Ophthalmic Devices
      10.2.3 Top Mergers & Acquisitions under Ophthalmic Devices
      10.2.4 Top Business Expansion & Investment under Ophthalmic Devices
  11 VALUE CHAIN ANALYSIS    
    11.1 Value Chain Analysis  
  12 MARKET INSIGHTS BY PRODUCT  
    12.1 General Overview    
    12.2 Vision Care    
      12.2.1 Spectacles  
      12.2.2 Contact Lens  
    12.3 Surgery Devices    
      12.3.1 Cataract Surgery Devices
      12.3.2 Glaucoma Surgery Devices
      12.3.3 Refractive Surgery Devices
      12.3.4 Vitreoretinal Surgery Devices
      12.3.5 Other Surgery Devices
    12.4 Diagnostic and Monitoring Devices
      12.4.1 Optical Coherence Tomography Scanner
      12.4.2 Fundus Camera  
      12.4.3 Tonometer  
      12.4.4 Perimeter  
      12.4.5 Optical Biometry  
      12.4.6 Ophthalmic Operating Microscopes
      12.4.7 Slit Lamp    
      12.4.8 Autorefractors  
      12.4.9 Other Diagnostics & Monitoring Devices
  13 OPHTHALMIC DEVICES MARKET INSIGHTS, BY DISEASE AREA
    13.1 General Overview    
      13.1.1 Cataract    
      13.1.2 Glaucoma  
      13.1.3 Age Related Macular Diseases
      13.1.4 Diabetic Retinopathy
      13.1.5 Others    
  14 OPHTHALMIC DEVICES MARKET INSIGHTS, BY END USERS
    14.1 General Overview    
      14.1.1 Hospitals    
      14.1.2 Ophthalmic Clinics  
      14.1.3 Ambulatory Surgery Centers
      14.1.4 Optical Centers  
  15 MARKET INSIGHTS BY REGION    
    15.1 General Overview    
    15.2 North America Ophthalmic Devices Market
      15.2.1 North America Ophthalmic Devices Market by Product Type
        15.2.1.1 North America Ophthalmic Vision Care Devices Market Size, by Product Subtypes
        15.2.1.2 North America Ophthalmic Surgery Devices Market Size, by Product Subtypes
        15.2.1.3 North America Ophthalmic Diagnostic and Monitoring Devices Market Size, by Product Subtypes
      15.2.2 North America Ophthalmic Devices Market Size by Disease Area
      15.2.3 North America Ophthalmic Devices Market Size by End-Users
      15.2.4 North America Ophthalmic Devices Market by Country
        15.2.4.1 United States Ophthalmic Devices Market
          15.2.4.1.1 US Healthcare Expenditure
          15.2.4.1.2 United States Ophthalmic Devices Market by Product Type
          15.2.4.1.3 United States Ophthalmic Vision Care Devices Market, by Product Subtypes
          15.2.4.1.4 United States Ophthalmic Surgery Devices Market Size, by Product Subtypes
          15.2.4.1.5 United States Ophthalmic Diagnostic and Monitoring Devices Market Size, by Product Subtypes
          15.2.4.1.6 United States Ophthalmic Devices Market Size by Disease Area
          15.2.4.1.7 United States Ophthalmic Devices Market Size by End-Users
        15.2.4.2 Canada Ophthalmic Devices Market
          15.2.4.2.1 Canada Ophthalmic Devices Market by Product Type
          15.2.4.2.2 Canada Ophthalmic Vision Care Devices Market Size, by Product Subtypes
          15.2.4.2.3 Canada Ophthalmic Surgery Devices Market Size, by Product Subtypes
          15.2.4.2.4 Canada Ophthalmic Diagnostic and Monitoring Devices Market Size, by Product Subtypes
          15.2.4.2.5 Canada Ophthalmic Devices Market Size by Disease Area
          15.2.4.2.6 Canada Ophthalmic Devices Market Size by End-Users
        15.2.4.3 Rest of North America Ophthalmic Devices Market
          15.2.4.3.1 Rest of NA Ophthalmic Devices Market by Product Type
          15.2.4.3.2 Rest of NA Ophthalmic Vision Care Devices Market Size, by Product Subtypes
          15.2.4.3.3 Rest of NA Ophthalmic Surgery Devices Market Size, by Product Subtypes
          15.2.4.3.4 Rest of NA Ophthalmic Diagnostic and Monitoring Devices Market Size, by Product Subtypes
          15.2.4.3.5 Rest of NA Ophthalmic Devices Market Size by Disease Area
          15.2.4.3.6 Rest of NA Ophthalmic Devices Market Size by End-Users
    15.3 Europe Ophthalmic Devices Market
      15.3.1 Europe Ophthalmic Devices Market by Product Type
        15.3.1.1 Europe Ophthalmic Vision Care Devices Market Size, by Product Subtypes
        15.3.1.2 Europe Ophthalmic Surgery Devices Market Size, by Product Subtypes
        15.3.1.3 Europe Ophthalmic Diagnostic and Monitoring Devices Market Size, by Product Subtypes
      15.3.2 Europe Ophthalmic Devices Market Size by Disease Area
      15.3.3 Europe Ophthalmic Devices Market Size by End-Users
      15.3.4 Europe Ophthalmic Devices Market by Country
        15.3.4.1 France Ophthalmic Devices Market
          15.3.4.1.1 France Ophthalmic Devices Market by Product Type
          15.3.4.1.2 France Ophthalmic Vision Care Devices Market Size, by Product Subtypes
          15.3.4.1.3 France Ophthalmic Surgery Devices Market Size, by Product Subtypes
          15.3.4.1.4 France Ophthalmic Diagnostic and Monitoring Devices Market Size, by Product Subtypes
          15.3.4.1.5 France Ophthalmic Devices Market Size by Disease Area
          15.3.4.1.6 France Ophthalmic Devices Market Size by End-Users
        15.3.4.2 Germany Ophthalmic Devices Market
          15.3.4.2.1 Germany Ophthalmic Devices Market by Product Type
          15.3.4.2.2 Germany Ophthalmic Vision Care Devices Market Size, by Product Subtypes
          15.3.4.2.3 Germany Ophthalmic Surgery Devices Market Size, by Product Subtypes
          15.3.4.2.4 Germany Ophthalmic Diagnostic and Monitoring Devices Market Size, by Product Subtypes
          15.3.4.2.5 Germany Ophthalmic Devices Market Size by Disease Area
          15.3.4.2.6 Germany Ophthalmic Devices Market Size by End-Users
        15.3.4.3 Italy Ophthalmic Devices Market
          15.3.4.3.1 Key Facts of Healthcare Spending - Italy in 2018, by Region
          15.3.4.3.2 Italy Ophthalmic Devices Market by Product Type
          15.3.4.3.3 Italy Ophthalmic Vision Care Devices Market Size, by Product Subtypes
          15.3.4.3.4 Italy Ophthalmic Surgery Devices Market Size, by Product Subtypes
          15.3.4.3.5 Italy Ophthalmic Diagnostic and Monitoring Devices Market Size, by Product Subtypes
          15.3.4.3.6 Italy Ophthalmic Devices Market Size by Disease Area
          15.3.4.3.7 Italy Ophthalmic Devices Market Size by End-Users
        15.3.4.4 Spain Ophthalmic Devices Market
          15.3.4.4.1 Spain Healthcare Expenditure Statistics
          15.3.4.4.2 Spain Ophthalmic Devices Market by Product Type
          15.3.4.4.3 Spain Ophthalmic Vision Care Devices Market Size, by Product Subtypes
          15.3.4.4.4 Spain Ophthalmic Surgery Devices Market Size, by Product Subtypes
          15.3.4.4.5 Spain Ophthalmic Diagnostic and Monitoring Devices Market Size, by Product Subtypes
          15.3.4.4.6 Spain Ophthalmic Devices Market Size by Disease Area
          15.3.4.4.7 Spain Ophthalmic Devices Market Size by End-Users
        15.3.4.5 United Kingdom Ophthalmic Devices Market
          15.3.4.5.1 United Kingdom – Healthcare Expenditure
          15.3.4.5.2 United Kingdom Ophthalmic Devices Market by Product Type
          15.3.4.5.3 United Kingdom Ophthalmic Vision Care Devices Market Size, by Product Subtypes
          15.3.4.5.4 United Kingdom Ophthalmic Surgery Devices Market Size, by Product Subtypes
          15.3.4.5.5 United Kingdom Ophthalmic Diagnostic and Monitoring Devices Market Size, by Product Subtypes
          15.3.4.5.6 United Kingdom Ophthalmic Devices Market Size by Disease Area
          15.3.4.5.7 United Kingdom Ophthalmic Devices Market Size by End-Users
        15.3.4.6 Rest of Europe Ophthalmic Devices Market
          15.3.4.6.1 Rest of Europe Ophthalmic Devices Market by Product Type
          15.3.4.6.2 Rest of Europe Ophthalmic Vision Care Devices Market Size, by Product Subtypes
          15.3.4.6.3 Rest of Europe Ophthalmic Surgery Devices Market Size, by Product Subtypes
          15.3.4.6.4 Rest of Europe Ophthalmic Diagnostic and Monitoring Devices Market Size, by Product Subtypes
          15.3.4.6.5 Rest of Europe Ophthalmic Devices Market Size by Disease Area
          15.3.4.6.6 Rest of Europe Ophthalmic Devices Market Size by End-Users
    15.4 Asia Pacific Ophthalmic Devices Market
      15.4.1 Asia-Pacific Ophthalmic Devices Market by Product Type
        15.4.1.1 Asia-Pacific Ophthalmic Vision Care Devices Market Size, by Product Subtypes
        15.4.1.2 Asia-Pacific Ophthalmic Surgery Devices Market Size, by Product Subtypes
        15.4.1.3 Asia-Pacific Ophthalmic Diagnostic and Monitoring Devices Market Size, by Product Subtypes
      15.4.2 Asia-Pacific Ophthalmic Devices Market Size by Disease Area
      15.4.3 Asia-Pacific Ophthalmic Devices Market Size by End-Users
      15.4.4 Asia-Pacific Ophthalmic Devices Market by Country
        15.4.4.1 Japan Ophthalmic Devices Market
          15.4.4.1.1 Japan Ophthalmic Devices Market by Product Type
          15.4.4.1.2 Japan Ophthalmic Vision Care Devices Market Size, by Product Subtypes
          15.4.4.1.3 Japan Ophthalmic Surgery Devices Market Size, by Product Subtypes
          15.4.4.1.4 Japan Ophthalmic Diagnostic and Monitoring Devices Market Size, by Product Subtypes
          15.4.4.1.5 Japan Ophthalmic Devices Market Size by Disease Area
          15.4.4.1.6 Japan Ophthalmic Devices Market Size by End-Users
        15.4.4.2 China Ophthalmic Devices Market
          15.4.4.2.1 China Ophthalmic Devices Market by Product Type
          15.4.4.2.2 China Ophthalmic Vision Care Devices Market Size, by Product Subtypes
          15.4.4.2.3 China Ophthalmic Surgery Devices Market Size, by Product Subtypes
          15.4.4.2.4 China Ophthalmic Diagnostic and Monitoring Devices Market Size, by Product Subtypes
          15.4.4.2.5 China Ophthalmic Devices Market Size by Disease Area
          15.4.4.2.6 China Ophthalmic Devices Market Size by End-Users
        15.4.4.3 South Korea Ophthalmic Devices Market
          15.4.4.3.1 South Korea Ophthalmic Devices Market by Product Type
          15.4.4.3.2 South Korea Ophthalmic Vision Care Devices Market Size, by Product Subtypes
          15.4.4.3.3 South Korea Ophthalmic Surgery Devices Market Size, by Product Subtypes
          15.4.4.3.4 South Korea Ophthalmic Diagnostic and Monitoring Devices Market Size, by Product Subtypes
          15.4.4.3.5 South Korea Ophthalmic Devices Market Size by Disease Area
          15.4.4.3.6 South Korea Ophthalmic Devices Market Size by End-Users
        15.4.4.4 India Ophthalmic Devices Market
          15.4.4.4.1 India Ophthalmic Devices Market by Product Type
          15.4.4.4.2 India Ophthalmic Vision Care Devices Market Size, by Product Subtypes
          15.4.4.4.3 India Ophthalmic Surgery Devices Market Size, by Product Subtypes
          15.4.4.4.4 India Ophthalmic Diagnostic and Monitoring Devices Market Size, by Product Subtypes
          15.4.4.4.5 India Ophthalmic Devices Market Size by Disease Area
          15.4.4.4.6 India Ophthalmic Devices Market Size by End-Users
        15.4.4.5 Rest of Asia-Pacific Ophthalmic Devices Market
          15.4.4.5.1 Rest of Asia-Pacific Ophthalmic Devices Market by Product Type
          15.4.4.5.2 Rest of Asia-Pacific Ophthalmic Vision Care Devices Market Size, by Product Subtypes
          15.4.4.5.3 Rest of Asia-Pacific Ophthalmic Surgery Devices Market Size, by Product Subtypes
          15.4.4.5.4 Rest of Asia-Pacific Ophthalmic Diagnostic and Monitoring Devices Market Size, by Product Subtypes
          15.4.4.5.5 Rest of Asia-Pacific Ophthalmic Devices Market Size by Disease Area
          15.4.4.5.6 Rest of Asia-Pacific Ophthalmic Devices Market Size by End-Users
    15.5 Rest of World Ophthalmic Devices Market
      15.5.1 Rest of World Ophthalmic Devices Market by Product Type
        15.5.1.1 Rest of World Ophthalmic Vision Care Devices Market Size, by Product Subtypes
        15.5.1.2 Rest of World Ophthalmic Surgery Devices Market Size, by Product Subtypes
        15.5.1.3 Rest of World Ophthalmic Diagnostic and Monitoring Devices Market Size, by Product Subtypes
      15.5.2 Rest of World Ophthalmic Devices Market Size by Disease Area
      15.5.3 Rest of World Ophthalmic Devices Market Size by End-Users
  16 COMPETITIVE SCENARIO    
    16.1 Porter’s Five forces analysis  
      16.1.1 Bargaining power of the Supplier
      16.1.2 Bargaining power of Buyer
      16.1.3 Industry Rivalry  
      16.1.4 Availability of Substitute
      16.1.5 Threat of New Entrants
    16.2 Market Share Analysis, by Company 2019
      16.2.1 Market Share of Key Players in Ophthalmic Devices, 2019
  17 TOP COMPANY PROFILES    
    17.1 Essilor International S.A.  
      17.1.1 Key Facts    
      17.1.2 Business Description
      17.1.3 Key Product/Services Offerings
      17.1.4 Growth Strategy  
      17.1.5 SWOT Analysis  
      17.1.6 Key Financials  
        17.1.6.1 Revenue Split, by Region and Segment
      17.1.7 Recent Developments
        17.1.7.1 Business Expansions Essilor International
    17.2 Bausch Health Companies Inc.  
      17.2.1 Key Facts    
      17.2.2 Business Description
      17.2.3 Key Product/Services Offerings
      17.2.4 Growth Strategy  
      17.2.5 SWOT Analysis  
      17.2.6 Key Financials  
        17.2.6.1 Revenue Split, by Region and Segment
      17.2.7 Recent Developments
        17.2.7.1 Product Launches
        17.2.7.2 Partnerships
        17.2.7.3 Business Expansions and Investment
        17.2.7.4 Mergers and Acquisitions
    17.3 Ellex Medical Lasers    
      17.3.1 Key Facts    
      17.3.2 Business Description
      17.3.3 Key Product/Services Offerings
      17.3.4 Growth Strategy  
      17.3.5 SWOT Analysis  
      17.3.6 Key Financials  
        17.3.6.1 Revenue Split, by Region and Segment
      17.3.7 Recent Developments
        17.3.7.1 Product Launches
        17.3.7.2 Merger and Acquisition
    17.4 Escalon Medical Corp  
      17.4.1 Key Facts    
      17.4.2 Business Description
      17.4.3 Key Product/Services Offerings
      17.4.4 Growth Strategy  
      17.4.5 SWOT Analysis  
      17.4.6 Key Financials  
        17.4.6.1 Revenue Split, by Region and Segment
      17.4.7 Recent Developments
        17.4.7.1 Product Launches
    17.5 Second Sight Medical Products Inc.
      17.5.1 Key Facts    
      17.5.2 Business Description
      17.5.3 Key Product/Services Offerings
      17.5.4 Growth Strategy  
      17.5.5 SWOT Analysis  
      17.5.6 Key Financials  
        17.5.6.1 Revenue Split, by Region and Segment
      17.5.7 Recent Developments
        17.5.7.1 Product Launches
        17.5.7.2 Partnerships
        17.5.7.3 Business Expansions and Investment
    17.6 Hoya Corporation    
      17.6.1 Key Facts    
      17.6.2 Business Description
      17.6.3 Key Product/Services Offerings
      17.6.4 Growth Strategy  
      17.6.5 SWOT Analysis  
      17.6.6 Key Financials  
        17.6.6.1 Revenue Split, by Region and Segment
      17.6.7 Recent Developments
        17.6.7.1 Product Launches
        17.6.7.2 Partnerships
        17.6.7.3 Business Expansions and Investment
        17.6.7.4 Mergers and Acquisitions
    17.7 Alcon, Inc    
      17.7.1 Key Facts    
      17.7.2 Business Description
      17.7.1 Key Product/Services Offerings
      17.7.2 Growth Strategy  
      17.7.3 SWOT Analysis  
      17.7.4 Alcon, Inc Key Financials
        17.7.4.1 Revenue Split, by Region and Segment
      17.7.5 Recent Developments
        17.7.5.1 Product Launches
        17.7.5.2 Mergers and Acquisitions
    17.8 Johnson & Johnson    
      17.8.1 Key Facts    
      17.8.2 Business Description
      17.8.3 Key Product/Services Offerings
      17.8.4 SWOT Analysis  
      17.8.5 Key Financials  
        17.8.5.1 Revenue Split
      17.8.6 Recent Developments
        17.8.6.1 Business Expansions and Investment
    17.9 Carl Zeiss Meditec Ag  
      17.9.1 Key Facts    
      17.9.2 Business Description
      17.9.3 Key Product/Services Offerings
      17.9.4 Growth Strategy  
      17.9.5 SWOT Analysis  
      17.9.6 Key Financials  
        17.9.6.1 Revenue Split, by Region and Segment
      17.9.7 Recent Developments
        17.9.7.1 Product Launches
        17.9.7.2 Partnerships
        17.9.7.3 Business Expansions and Investment
        17.9.7.4 Mergers and Acquisitions
    17.10 Topcon Corporation    
      17.10.1 Key Facts    
      17.10.2 Ownership Structure
      17.10.3 Business Description
      17.10.4 Key Product/Services Offerings
      17.10.5 Growth Strategy  
      17.10.6 SWOT Analysis  
      17.10.7 Key Financials  
        17.10.7.1 Revenue Split, by Region and Segment
      17.10.8 Recent Developments
        17.10.8.1 Product Launches
        17.10.8.2 Partnerships
        17.10.8.3 Business Expansions and Investment
        17.10.8.4 Mergers and Acquisitions
    17.11 NIDEK CO., LTD    
      17.11.1 Key Facts    
      17.11.2 Business Description
      17.11.3 Key Product/Services Offerings
      17.11.4 Growth Strategy  
      17.11.5 SWOT Analysis  
      17.11.6 Key Financials  
        17.11.6.1 Revenue Split, by Region and Segment
      17.11.7 Recent Developments
        17.11.7.1 Product Launches
        17.11.7.2 Business Expansions and Investment
    17.12 STAAR Surgical    
      17.12.1 Key Facts    
      17.12.2 Business Description
      17.12.3 Key Product/Services Offerings
      17.12.4 Growth Strategy  
      17.12.5 SWOT Analysis  
      17.12.6 Key Financials  
      17.12.7 Key Metrics  
        17.12.7.1 Revenue Split, by Region and Segment
        17.12.7.2 Financial Overview of Staar Surgical
      17.12.8 Recent Developments
        17.12.8.1 Partnerships
        17.12.8.2 Mergers and Acquisitions
    17.13 Lumenis      
      17.13.1 Key Facts    
      17.13.2 Business Description
      17.13.3 Growth Strategy  
      17.13.4 Overview of Lumenis
      17.13.5 Recent Developments
        17.13.5.1 Product Launches
        17.13.5.2 Mergers and Acquisitions
    17.14 Glaukos Corporation, CA  
      17.14.1 Key Facts    
      17.14.2 Business Description
      17.14.3 Key Product/Services Offerings
      17.14.4 Growth Strategy  
      17.14.5 SWOT Analysis  
      17.14.6 Key Financials  
        17.14.6.1 Revenue Split, by Region and Segment
        17.14.6.2 Financial Overview of Glaukos Corporation
      17.14.7 Recent Developments
        17.14.7.1 Partnerships
        17.14.7.2 Business Expansions and Investment
        17.14.7.3 Mergers and Acquisitions
    17.15 VisionCare, Inc.    
      17.15.1 Key Facts    
      17.15.2 Business Description
      17.15.3 Key Product/Services Offerings
      17.15.4 Vision Care Inc Growth Strategy
      17.15.5 SWOT Analysis  
      17.15.6 Recent Developments
        17.15.6.1 Business Expansions and Investment

Analyzing the historical market, estimation of the current market, and forecasting the future market of the Global Ophthalmic Devices Market were the three major steps undertaken to create and analyze the adoption of Ophthalmic Devices across various industry verticals in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the ophthalmic devices sector. Post assumption and validation of market numbers through primary interviews, we employed a top-down approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the Ophthalmic Devices through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the Ophthalmic Devices market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as the product, disease area, and end-user. Further country-level analyses were conducted to evaluate the overall adoption of the ophthalmic devices in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of Ophthalmic Devices. Further, we conducted factor analysis using dependent and independent variables such as the growth of the growing prevalence of eye disorders and the accelerating geriatric population. A thorough analysis was conducted for demand and supply-side scenario considering top partnerships, merger and acquisition, business expansion, and product launches in the Ophthalmic Devices industry across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the Ophthalmic Devices market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e. top-down approach was applied to arrive at the market forecast about 2026 for different segments and subsegments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of value (US$) and the adoption rate of Ophthalmic Devices across the major markets
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the Ophthalmic Devices market in terms of services offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

 

Market Engineering

Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the ophthalmic devices market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of product, disease area, and end-users of the ophthalmic devices market.

The main objective of the Ophthalmic Devices Market Study

The current & future market trends of Ophthalmic Devices were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of Ophthalmic Devices in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segments in the study include areas of product, disease area, and end-users
  • Defined analysis of the regulatory framework for the ophthalmic devices industry
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
  • Analyze the current and forecast market size of the Ophthalmic Devices for the major regions
  • Major regions studied in the report include North America (the United States, Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of APAC), and Rest of the World
  • Company profiles of the Ophthalmic Devices market players and the growth strategies adopted by them to sustain in the fast-growing market

Deep dive regional level analysis of the industry

Analyzing the historical market, estimation of the current market, and forecasting the future market of the Global Ophthalmic Devices Market were the three major steps undertaken to create and analyze the adoption of Ophthalmic Devices across various industry verticals in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the ophthalmic devices sector. Post assumption and validation of market numbers through primary interviews, we employed a top-down approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the Ophthalmic Devices through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the Ophthalmic Devices market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as the product, disease area, and end-user. Further country-level analyses were conducted to evaluate the overall adoption of the ophthalmic devices in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of Ophthalmic Devices. Further, we conducted factor analysis using dependent and independent variables such as the growth of the growing prevalence of eye disorders and the accelerating geriatric population. A thorough analysis was conducted for demand and supply-side scenario considering top partnerships, merger and acquisition, business expansion, and product launches in the Ophthalmic Devices industry across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the Ophthalmic Devices market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e. top-down approach was applied to arrive at the market forecast about 2026 for different segments and subsegments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of value (US$) and the adoption rate of Ophthalmic Devices across the major markets
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the Ophthalmic Devices market in terms of services offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

 

Market Engineering

Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the ophthalmic devices market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of product, disease area, and end-users of the ophthalmic devices market.

The main objective of the Ophthalmic Devices Market Study

The current & future market trends of Ophthalmic Devices were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of Ophthalmic Devices in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segments in the study include areas of product, disease area, and end-users
  • Defined analysis of the regulatory framework for the ophthalmic devices industry
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
  • Analyze the current and forecast market size of the Ophthalmic Devices for the major regions
  • Major regions studied in the report include North America (the United States, Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of APAC), and Rest of the World
  • Company profiles of the Ophthalmic Devices market players and the growth strategies adopted by them to sustain in the fast-growing market

Deep dive regional level analysis of the industry


Ophthalmic Devices Market: Current Analysis and Forecast (2020-2026)