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Ophthalmic Diagnostic Devices Market by Product and Geographic Landscape - Forecast and Analysis 2020-2024

Ophthalmic Diagnostic Devices Market by Product and Geographic Landscape - Forecast and Analysis 2020-2024

Published: Apr 2020 120 Pages SKU: IRTNTR40920

Market Overview at a Glance

$0.98 B
Market Opportunity
6.43%
CAGR
YoY growth 2018-2019(%)

The ophthalmic diagnostic devices market size is expected to grow by USD 0.98 billion and record a CAGR of 6% during 2019-2024.

This post-pandemic global ophthalmic diagnostic devices market report has assessed the shift in consumer behaviour and has identified and explored the upcoming trends and drivers that the vendors can capitalize on to support prompt business decisions. In this ophthalmic diagnostic devices market analysis report, key drivers such as the increasing prevalence of ophthalmic diseases have been discussed with emerging growth regions, which will offer immense business opportunities. Our analysts have also identified challenges, which will impede the market growth. With these insights, the vendors can recreate their plan of action to obtain growth opportunities in the future.

What will the Ophthalmic Diagnostic Devices Market Size be in 2020?

Ophthalmic-Diagnostic-Devices-Market-Market-Size-2019-2024

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Who are the Key Vendors in the Ophthalmic Diagnostic Devices Market?

The ophthalmic diagnostic devices market forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The profiles include information on the production, competitive landscape, sustainability, and prospects of the leading companies including:

 

  • Alcon Inc.
  • AMETEK Inc.
  • ARC Laser GmbH
  • Bausch Health Companies Inc.
  • Carl Zeiss Meditec AG
  • Danaher Corp.
  • IRIDEX Corp.
  • Nikon Corp.
  • Optovue Inc.
  • Topcon Corp

 

The ophthalmic diagnostic devices market is fragmented and the vendors are deploying various growth strategies to compete in the market. 

This ophthalmic diagnostic devices market report further entails segmentations by Product (OCT, Fundus camera, Perimeters, Biometers, and other ophthalmic diagnostic devices) and Geographic Landscape (APAC, Europe, MEA, North America, and South America). To make the most of the opportunities, vendors should focus on fast-growing segments, while maintaining their positions in the slow-growing segments. 

 

Which are the Key Regional Markets for Ophthalmic Diagnostic Devices Market?

Ophthalmic-Diagnostic-Devices-Market-Market-Share-by-Region-2019-2024

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The report offers an up-to-date analysis of the geographical composition of the market. North America had the largest market share in the ophthalmic diagnostic devices market in 2020, and the region will offer several growth opportunities to market vendors during the forecast period. The technological advances will significantly influence the biofuel market growth in this region. 

35% of the market’s growth will originate from North America during the forecast period. The US is the key market for ophthalmic diagnostic devices market in the region. This report provides estimations of the contribution of all regions to the growth of the ophthalmic diagnostic devices market size.

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What are the Key Factors Covered in this Ophthalmic Diagnostic Devices Market Report?

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive ophthalmic diagnostic devices market growth during the next five years
  • Precise estimation of the ophthalmic diagnostic devices market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behaviour
  • The growth of the ophthalmic diagnostic devices market industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of ophthalmic diagnostic devices market vendors

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Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five Forces Summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product placement
  • OCT - Market size and forecast 2019-2024
  • Fundus camera - Market size and forecast 2019-2024
  • Perimeters - Market size and forecast 2019-2024
  • Biometers - Market size and forecast 2019-2024
  • Other ophthalmic diagnostic devices - Market size and forecast 2019-2024
  • Market opportunity by Product

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver - Demand led growth
  • Volume driver - Supply led growth
  • Volume driver - External factors
  • Volume driver - Demand shift in adjacent markets
  • Price driver - Inflation
  • Price driver - Shift from lower to higher-priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Alcon Inc.
  • AMETEK Inc.
  • ARC Laser GmbH
  • Bausch Health Companies, Inc.
  • Carl Zeiss Meditec AG
  • Danaher Corp.
  • IRIDEX Corp.
  • Nikon Corp.
  • Optovue Inc.
  • Topcon Corp.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Research Methodology

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape

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Frequently Asked Questions

Ophthalmic Diagnostic Devices market growth will increase by 0.98 billion during 2019-2024 .

The Ophthalmic Diagnostic Devices market is expected to grow at a CAGR of 6.43% during 2019-2024 .

Ophthalmic Diagnostic Devices market is segmented by Product( OCT, Fundus camera, Perimeters, Biometers, Other ophthalmic diagnostic devices) Geographic( North America, Europe, APAC, South America)

Alcon Inc., AMETEK Inc., ARC Laser GmbH, Bausch Health Companies Inc., Carl Zeiss Meditec AG, Danaher Corp., IRIDEX Corp., Nikon Corp., Optovue Inc., Topcon Corp. are a few of the key vendors in the Ophthalmic Diagnostic Devices market.

North America will register the highest growth rate of 36.56% among the other regions. Therefore, the Ophthalmic Diagnostic Devices market in North America is expected to garner significant business opportunities for the vendors during the forecast period.

US, China, Japan, Germany, France

  • Increasing prevalence of ophthalmic diseases and ocular defects is the driving factor this market.

The Ophthalmic Diagnostic Devices market vendors should focus on grabbing business opportunities from the OCT segment as it accounted for the largest market share in the base year.