The global ophthalmic equipment market size is estimated to be USD 52.81 billion in 2021 and is expected to witness a CAGR of 4.37% during the forecast period. Growing geriatric population is the key factor driving the global market growth. Factors such as rising prevalence of optical illness, increase in usage of smart devices by consumers, technological advancements, and government initiatives to control visual impairment are also driving the global market growth. However, high cost of ophthalmology devices, rising adoption of refurbished ophthalmic devices, and reimbursement cuts for ophthalmic surgical procedures are the factors that could hinder the market growth.
Global Ophthalmic Equipment Market Size (USD Billion), 2021-2029
Source: Erevna Healthcare
By Product
On the basis of product segment, the market is segmented into surgical devices, diagnostic & monitoring devices, and vision care products. In 2021, the diagnostic & monitoring devices accounted for the significant revenue share owing to the high number of diagnostic tests for eye related illness and large awareness. The surgical devices segment is expected to grow at the fastest rate during the forecast period. The increase incidence and prevalence of eye diseases such as cataract, glaucoma, refractive errors, and diabetic retinopathy are driving the growth of this market.
By End User
On the basis of end-user, the market is divided into hospitals, specialty clinics & ASCs, consumers, and others. In 2021, the consumers segment accounted for the largest market share of the global ophthalmic equipment market. The dominance of this segment can be attributed to the increasing prevalence of eye disorders across the globe, growing awareness about the eye related diseases, and the growing adoption of spectacles and contact lenses among consumers.
Regional Insights
North America was the dominating region in the global market in 2021 and is projected to maintain its domination during the forecast period. The reason for this market share is the rapid penetration of advanced technologies for the treatment of cataract and existing leading market players are projected to reinforce market growth in the future. The Asia Pacific is estimated to grow at the fastest growth rate during the forecast period owing to the growing population in countries such as China and India, rapid growth in the aged population, growing healthcare need for eye care, improving healthcare infrastructure, and the rising focus of key market players on this region.
Competitor Insights
Some of the major companies in the market are Johnson & Johnson Vision Care (U.S.), EssilorLuxottica (France), Alcon (U.S.), Bausch + Lomb (U.S.), HOYA Corporation (Japan), Carl Zeiss Meditec (Germany), Topcon (Japan), Haag-Streit (Switzerland), Glaukos Corporation (U.S.), STAAR Surgical (U.S.),, STAAR Surgical (U.S.),NIDEK (Japan), and Ziemer Ophthalmic Systems (Switzerland). Investment in R&D, novel product launches, and strategic collaborations & acquisitions are some of the major strategies adopted by the leading players operating in the industry.
This exhaustive research report focuses on market size and forecast at global, segmental, regional and country level along with key market trends and dynamics from 2021 to 2029. The ophthalmic equipment market report is categorized into the following segments and subsegments:
Ophthalmic Equipment Market, By Product (Revenue, 2021-2029, USD Billion)
- Vision Care Products
- Spectacles
- Contact Lenses
- Soft contact lenses
- Rigid gas permeable lenses
- Hybrid contact lenses
- Surgical Devices
- Cataract Surgical Devices
- Intraocular lenses
- Ophthalmic Viscoelastic Devices
- Phacoemulsification devices
- IOL injectors
- Cataract surgical lasers
- Vitreoretinal Surgical Devices
- Vitreoretinal packs
- Vitrectomy machines
- Illumination devices
- Photocoagulation lasers
- Vitrectomy probes
- Refractive Surgical Devices
- Excimer lasers
- Femtosecond lasers
- Other refractive surgical lasers
- Glaucoma Surgical Devices
- Glaucoma drainage devices
- Glaucoma laser systems
- Microinvasive glaucoma surgery devices
- Ophthalmic Microscopes
- Ophthalmic Surgical Accessories
- Surgical instruments & kits
- Ophthalmic forceps
- Ophthalmic spatulas
- Ophthalmic tips & handle
- Ophthalmic scissors
- Macular lenses
- Ophthalmic cannulas
- Other ophthalmic surgical accessories
- Cataract Surgical Devices
- Diagnostic & Monitoring Devices
- Optical Coherence Tomography Scanners
- Fundus Cameras
- Perimeters/Visual Field Analyzers
- Autorefractors & Keratometers
- Ophthalmic Ultrasound Imaging Systems
- A-scan ultrasound imaging systems
- B-scan ultrasound imaging systems
- Ultrasound biomicroscopes
- Pachymeters
- Tonometers
- Slit Lamps
- Phoropters
- Wavefront Aberrometers
- Optical Biometry Systems
- Specular Microscopes
- Ophthalmoscopes
- Corneal Topography Systems
- Lensmeters
- Chart Projectors
- Retinoscopes
Ophthalmic Equipment Market, By End User (Revenue, 2021-2029, USD Billion)
- Hospitals
- Consumers
- Specialty Clinics & Ambulatory Surgery Centers
- Other End-Users
Ophthalmic Equipment Market, By Region (Revenue, 2021-2029, USD Billion)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- Middle East & Africa
- South Africa
- Saudi Arabia
- Rest of MEA
Scope of Ophthalmic Equipment Market Report:
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Table of Contents: Ophthalmic Equipment Market 2021-2029
- Research Methodology
- Study Objectives
- Study Scope
- Research Assumptions
- Research Framework
- Research Models
- Bottom-up Approach
- Top-down Approach
- Data Triangulation
- Data Procurement
- Internal Database
- Secondary Research
- Purchased Database
- Primary Research
- Data Analysis
- Data Validation
- Market Size Estimation
- Market Forecast Model
- Quality Assessment
- Research Models
- Introduction: Ophthalmic Equipment
- Executive Summary
- Global Market Scenario
- Segment Market Scenario
- Geographic Market Scenario
- COVID-19 Impact
- Competitive Landscape
- Market Dynamics
- Market Drivers
- Driver 1
- Driver 2
- Driver 3
- Driver 4
- Driver 5
- Market Restraint
- Restraint 1
- Restraint 2
- Restraint 3
- Restraint 4
- Market Opportunities
- Opportunity 1
- Opportunity 2
- Opportunity 3
- Opportunity 4
- Market Trends
- Trend 1
- Trend 2
- Trend 3
- Trend 4
- Market Challenges
- Challenge 1
- Challenge 2
- Challenge 3
- Challenge 4
- Market Drivers
- Market Environment Analysis
- Porter’s 5 Forces Analysis
- PESTEL Analysis
- Value Chain Analysis
- SWOT Analysis
- Benchmark
- COVID-19 Impact Analysis: Ophthalmic Equipment Market
- COVID-19: Overview
- COVID-19 Impact on the Global Market
- COVID-19 Impact on the Regional Markets
- Market Analysis by Product
- Vision Care Products
- Vision Care Products Market Forecast, 2021-2029 (USD Million)
- Surgical Devices
- Surgical Devices Market Forecast, 2021-2029 (USD Million)
- Diagnostic & Monitoring Devices
- Diagnostic & Monitoring Devices Market Forecast, 2021-2029 (USD Million)
- Vision Care Products
- Market Analysis by End User
- Hospitals
- Hospitals Market Forecast, 2021-2029 (USD Million)
- Consumers
- Consumers Market Forecast, 2021-2029 (USD Million)
- Specialty Clinics & Ambulatory Surgery Centres
- Specialty Clinics & Ambulatory Surgery Centres Market Forecast, 2021-2029 (USD Million)
- Other End-Users
- Other End-Users Market Forecast, 2021-2029 (USD Million)
- Hospitals
- Regional Market Analysis
- Regional Market Trends
- Regional Market: Comparative Analysis
- North America Ophthalmic Equipment Market
- North America Ophthalmic Equipment Market
- North America Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by End User, 2021-2029 (USD Million)
- S. Ophthalmic Equipment Market
- S. Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by End User, 2021-2029 (USD Million)
- Canada Ophthalmic Equipment Market
- Canada Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by End User, 2021-2029 (USD Million)
- Canada Market Size and Forecast, 2021-2029 (USD Million)
- S. Market Size and Forecast, 2021-2029 (USD Million)
- North America Market Size and Forecast, 2021-2029 (USD Million)
- North America Ophthalmic Equipment Market
- Europe Ophthalmic Equipment Market
- Europe Ophthalmic Equipment Market
- Europe Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by End User, 2021-2029 (USD Million)
- Germany Ophthalmic Equipment Market
- Germany Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by End User, 2021-2029 (USD Million)
- UK Ophthalmic Equipment Market
- UK Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by End User, 2021-2029 (USD Million)
- France Ophthalmic Equipment Market
- France Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by End User, 2021-2029 (USD Million)
- Spain Ophthalmic Equipment Market
- Spain Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by End User, 2021-2029 (USD Million)
- Italy Ophthalmic Equipment Market
- Italy Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by End User, 2021-2029 (USD Million)
- Rest of Europe Ophthalmic Equipment Market
- Rest of Europe Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by End User, 2021-2029 (USD Million)
- Rest of Europe Market Size and Forecast, 2021-2029 (USD Million)
- Italy Market Size and Forecast, 2021-2029 (USD Million)
- Spain Market Size and Forecast, 2021-2029 (USD Million)
- France Market Size and Forecast, 2021-2029 (USD Million)
- UK Market Size and Forecast, 2021-2029 (USD Million)
- Germany Market Size and Forecast, 2021-2029 (USD Million)
- Europe Market Size and Forecast, 2021-2029 (USD Million)
- Europe Ophthalmic Equipment Market
- Asia Pacific Ophthalmic Equipment Market
- Asia Pacific Ophthalmic Equipment Market
- Asia Pacific Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by End User, 2021-2029 (USD Million)
- Japan Ophthalmic Equipment Market
- Japan Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by End User, 2021-2029 (USD Million)
- China Ophthalmic Equipment Market
- China Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by End User, 2021-2029 (USD Million)
- India Ophthalmic Equipment Market
- India Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by End User, 2021-2029 (USD Million)
- South Korea Ophthalmic Equipment Market
- South Korea Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by End User, 2021-2029 (USD Million)
- Market Size and Forecast by Device, 2021-2029 (USD Million)
- Australia Ophthalmic Equipment Market
- Australia Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by End User, 2021-2029 (USD Million)
- Rest of Asia Pacific Ophthalmic Equipment Market
- Rest of Asia Pacific Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by End User, 2021-2029 (USD Million)
- Rest of Asia Pacific Market Size and Forecast, 2021-2029 (USD Million)
- Australia Market Size and Forecast, 2021-2029 (USD Million)
- South Korea Market Size and Forecast, 2021-2029 (USD Million)
- India Market Size and Forecast, 2021-2029 (USD Million)
- China Market Size and Forecast, 2021-2029 (USD Million)
- Japan Market Size and Forecast, 2021-2029 (USD Million)
- Asia Pacific Market Size and Forecast, 2021-2029 (USD Million)
- Asia Pacific Ophthalmic Equipment Market
- Latin America Ophthalmic Equipment Market
- Latin America Ophthalmic Equipment Market
- Latin America Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by End User, 2021-2029 (USD Million)
- Brazil Ophthalmic Equipment Market
- Brazil Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by End User, 2021-2029 (USD Million)
- Mexico Ophthalmic Equipment Market
- Mexico Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by End User, 2021-2029 (USD Million)
- Argentina Ophthalmic Equipment Market
- Argentina Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by End User, 2021-2029 (USD Million)
- Rest of Latin America Ophthalmic Equipment Market
- Rest of Latin America Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by End User, 2021-2029 (USD Million)
- Rest of Latin America Market Size and Forecast, 2021-2029 (USD Million)
- Argentina Market Size and Forecast, 2021-2029 (USD Million)
- Mexico Market Size and Forecast, 2021-2029 (USD Million)
- Brazil Market Size and Forecast, 2021-2029 (USD Million)
- Latin America Market Size and Forecast, 2021-2029 (USD Million)
- Latin America Ophthalmic Equipment Market
- MEA Ophthalmic Equipment Market
- MEA Ophthalmic Equipment Market
- MEA Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by End User, 2021-2029 (USD Million)
- GCC Ophthalmic Equipment Market
- GCC Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by End User, 2021-2029 (USD Million)
- South Africa Ophthalmic Equipment Market
- South Africa Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by End User, 2021-2029 (USD Million)
- Rest of MEA Ophthalmic Equipment Market
- Rest of MEA Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by End User, 2021-2029 (USD Million)
- Rest of MEA Market Size and Forecast, 2021-2029 (USD Million)
- South Africa Market Size and Forecast, 2021-2029 (USD Million)
- GCC Market Size and Forecast, 2021-2029 (USD Million)
- MEA Market Size and Forecast, 2021-2029 (USD Million)
- MEA Ophthalmic Equipment Market
- Competitor Analysis
- Market Share Analysis, 2021 & 2029
- Competitive Mapping
- Key Players Market Place Analysis
- Major Recent Developments
- Company Profiles
- Johnson & Johnson Vision Care (U.S.)
- Company Snapshot
- Company Overview
- Financials
- Product Benchmarking
- Recent Developments
- EssilorLuxottica (France)
- Company Snapshot
- Company Overview
- Financials
- Product Benchmarking
- Recent Developments
- Alcon (U.S.)
- Company Snapshot
- Company Overview
- Financials
- Product Benchmarking
- Recent Developments
- Bausch + Lomb (U.S.)
- Company Snapshot
- Company Overview
- Financials
- Product Benchmarking
- Recent Developments
- HOYA Corporation (Japan)
- Company Snapshot
- Company Overview
- Financials
- Product Benchmarking
- Recent Developments
- Carl Zeiss Meditec (Germany)
- Company Snapshot
- Company Overview
- Financials
- Product Benchmarking
- Recent Developments
- Topcon (Japan)
- Company Snapshot
- Company Overview
- Financials
- Product Benchmarking
- Recent Developments
- Haag-Streit (Switzerland)
- Company Snapshot
- Company Overview
- Financials
- Product Benchmarking
- Recent Developments
- Glaukos Corporation (U.S.)
- Company Snapshot
- Company Overview
- Financials
- Product Benchmarking
- Recent Developments
- STAAR Surgical (U.S.)
- Company Snapshot
- Company Overview
- Financials
- Product Benchmarking
- Recent Developments
- STAAR Surgical (U.S.)
- Company Snapshot
- Company Overview
- Financials
- Product Benchmarking
- Recent Developments
- Ziemer Ophthalmic Systems (Switzerland)
- Company Snapshot
- Company Overview
- Financials
- Product Benchmarking
- Recent Developments
- Company 13
- Company Snapshot
- Company Overview
- Financials
- Product Benchmarking
- Recent Developments
- Company 14
- Company Snapshot
- Company Overview
- Financials
- Product Benchmarking
- Recent Developments
- Company 15
- Company Snapshot
- Company Overview
- Financials
- Product Benchmarking
- Recent Developments
- Others Prominent Players
- Johnson & Johnson Vision Care (U.S.)
Conclusion & Recommendations