Ophthalmic Devices Market: Growth Driven by the Increasing Prevalence of Myopia

The global ophthalmic devices market was valued at USD 25.04 billion in 2019 and is expected to reach USD 32.36 billion by 2027, growing at a compound annual growth rate (CAGR) of 4.2% during the forecast period. In 2019, North America led the ophthalmic devices market, holding a market share of 42.09%.

Global Ophthalmic Devices Market research report offers in-depth assessment of revenue growth, market definition, segmentation, industry potential, influential trends for understanding the future outlook and current prospects for the market.

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The introduction of innovative equipment, consumables, and contact lenses has significantly increased the demand for ophthalmic devices among healthcare providers and patients. For example, micro-invasive glaucoma surgery (MIGS) implants have emerged as one of the fastest-growing technologies for managing mild to moderate glaucoma. These advanced implants offer high efficacy and are expected to bridge the gap in glaucoma treatment.

Key players covered in the global Ophthalmic Devices Market research report:

Alcon (Geneva, Switzerland)

Carl Zeiss Meditec (Oberkochen, Germany)

Johnson & Johnson Vision Care, Inc. (Jacksonville, U.S.)

The Cooper Companies Inc. (California, U.S.)

BVI (Waltham, U.S.)

Bausch & Lomb Incorporated (Rochester, U.S.)

Essilor (California, U.S.)

Hoya Corporation (Tokyo, Japan)

NIDEK CO., LTD (Gamagori, Japan)

Drivers & Restraints

The global ophthalmic devices market was valued at USD 25.04 billion in 2019 and is anticipated to reach USD 32.36 billion by 2027, growing at a compound annual growth rate (CAGR) of 4.2% during the forecast period.

This study provides information about the sales and revenue during the historic and forecasted period of (2024 to 2030). Understanding the segments helps in identifying the importance of different factors that aid market growth. Estimations about the CAGR value for specific forecast period, market drivers, market restraints, and competitive strategies are assessed in this Ophthalmic Devices Market report.

This report focuses on Ophthalmic Devices Market volume and value at the global level, regional level and company level. From a global perspective, this report represents overall Ophthalmic Devices Market market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, Asia-Pacific, Latin America and Middle East and Africa.

Competitive Strategic Window:

The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

An Overview of the Impact of COVID-19 on this Market:

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Market Share Analysis:

The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

Key Stakeholders

Natural substance providers

Merchants/brokers/wholesalers/providers

Administrative bodies, including government organizations and NGO

Business innovative work (RandD) establishments

Merchants and exporters

Government associations, research associations, and counseling firms

Exchange affiliations and industry bodies

End-use enterprises

Major Table of Contents for Ophthalmic Devices Market Research Report:

Introduction

Executive Summary

Market Dynamics

Key Market Growth Insights

Global Market Analysis, Insights and Forecast, 2024-2030

North America Market Analysis, Insights and Forecast, 2024-2030

Europe Market Analysis, Insights and Forecast, 2024-2030

Asia Pacific Market Analysis, Insights and Forecast, 2024-2030

The Middle East and Africa Market Analysis, Insights and Forecast, 2024-2030

Latin America Market Analysis, Insights and Forecast, 2024-2030

Competitive Landscape

Global Ophthalmic Devices Market Revenue Growth, Industry Share Analysis, By Key Players, 2024

Company Profiles

Conclusion

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