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Ophthalmology Devices Market by Product, End-user, and Geography - Forecast and Analysis 2022-2026

  • Published: Aug 2022
  • Pages: 143
  • SKU: IRTNTR43686
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The ophthalmology devices market share is expected to increase by USD 17.09 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 4.1%.

This ophthalmology devices market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers ophthalmology devices market segmentation by product (vision care, ophthalmology surgical devices, and ophthalmology diagnostic devices), geography (North America, Europe, Asia, and the Rest of the World (ROW)), and end-user (hospitals and clinics, ASCs and physicians, offices, and optical retailers). The ophthalmology devices market report also offers information on several market vendors, including AbbVie Inc., Alcon Inc., Bausch Health Co. Inc., Carl Zeiss AG, Danaher Corp., Digital Diagnostics Inc., EssilorLuxottica, EyeQue Corp., Glaukos Corp, HOYA Corp., IRIDEX Corp., Johnson, and Johnson, LENSAR Inc., Lumenis Ltd., LUMIBIRD SA, Metall Zug AG, NIDEK Co. Ltd, STAAR Surgical Co., The Cooper Companies Inc., and Ziemer Ophthalmic Systems AG among others.

What will the Ophthalmology Devices Market Size be During the Forecast Period?

Ophthalmology Devices Market Size

Download Report Sample to Unlock the Ophthalmology Devices Market Size for the Forecast Period and Other Important Statistics

 

Ophthalmology devises Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post-COVID-19 era. The increasing prevalence of ophthalmic diseases and technological advances in ophthalmology devices is notably driving the ophthalmology market growth, although factors such as high cost and limited reimbursement may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the ophthalmology devices industry. The holistic analysis of the drivers will help deduce end goals and refine marketing strategies to gain a competitive edge.

Key Ophthalmology Devices Market Driver

One of the key factors driving the ophthalmology devices market growth is the technological advances in ophthalmology devices. Technological innovations in ophthalmology devices have transformed the ophthalmology sector, with continuous advances in ophthalmic surgical technologies, ocular imaging, measuring, and lenses. For instance, contact lenses have undergone improvements such as the development of new contact lens materials, lens designs, and solution formulations. Low-cost manufacturing has made daily disposable contact lenses accessible to many people. Today, contact lenses are available in numerous brands, materials, lens designs, and wear schedules and can meet every individual need. Modern contact lenses have overcome many limitations of design and offer superior benefits to wearers, such as improved comfort, safety, and vision correction. Contact lens materials had also improved significantly in the past few years. Previously, soft contact lenses were made of plastic polymers. In modern contact lens materials, silicone is incorporated into the polymer, which allows more oxygen permeability to the cornea, providing superior comfort and wearability.

Key Ophthalmology Devices Market Trend

Another key factor driving the ophthalmology devices market growth is the increasing medical tourism for low-cost ophthalmology surgeries. Medical tourism refers to patients traveling to other countries to obtain medical treatment with high-quality healthcare, low costs, favorable exchange rates, short waiting time, and accessibility benefits. Patients from developed countries such as the US and Canada travel to developing countries such as Singapore, India, Mexico, South Korea, and Thailand as they offer high-quality medical services at a low cost, have accredited hospitals and healthcare systems, and provide different treatments. For instance, in ophthalmology, there is a high demand for cataract surgery, LASIK procedures, glaucoma procedures, and refractive procedures, including corneal laser surgery, phakic IOLs, and lens surgery, which require premium devices. Hence, patients opt for treatment procedures in low-cost countries. India is the leading country for medical tourism as it has advanced infrastructure, technology, and well-trained surgeons.

Key Ophthalmology Devices Market Challenge

High cost and limited reimbursement are one of the key challenges hindering the ophthalmology devices market growth. Despite significant advantages, the adoption of advanced ophthalmic devices is limited, owing to the high cost and inadequate or limited reimbursement coverage. The cost of ophthalmic lenses has significantly increased with advances in technology. The cost varies depending on the type of lens. For instance, the cost of HD spectacle glass lenses is 25%-30% more than traditional spectacle glass lenses. The cost of multifocal glasses is approximately 30% higher than single vision glasses. The cost of progressive glass lenses is double the cost of single vision glasses. The cost further increases with non-glare coatings and changeable tint lenses. The annual cost of daily disposable soft contact lenses, toric contact lenses, and bifocal contact lenses is two to three times higher than the annual cost of normal disposable soft contact lenses, which must be replaced every two weeks. The cost burden further increases with the cost of contact lens solutions.

This ophthalmology devices market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global ophthalmology devices market as a part of the global healthcare equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the ophthalmology devices market during the forecast period.

Who are the Major Ophthalmology Devices Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • AbbVie Inc.
  • Alcon Inc.
  • Bausch Health Co. Inc.
  • Carl Zeiss AG
  • Danaher Corp.
  • Digital Diagnostics Inc.
  • EssilorLuxottica
  • EyeQue Corp.
  • Glaukos Corp
  • HOYA Corp.
  • IRIDEX Corp.
  • Johnson and Johnson
  • LENSAR Inc.
  • Lumenis Ltd.
  • LUMIBIRD SA
  • Metall Zug AG
  • NIDEK Co. Ltd
  • STAAR Surgical Co.
  • The Cooper Companies Inc.
  • Ziemer Ophthalmic Systems AG

 

This statistical study of the ophthalmology devices market encompasses successful business strategies deployed by the key vendors. The ophthalmology devices market is fragmented and the vendors are deploying growth strategies such as organic and inorganic strategies to compete in the market.

Product Insights and News

  • Allergan Plc- It is an eye implant that is used for the treatment of refractory glaucoma.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The ophthalmology devices market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Ophthalmology devises Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the ophthalmology devices market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Ophthalmology Devices Market?

Ophthalmology Devices Market Share by Geography

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42% of the market’s growth will originate from North America during the forecast period. The US is the key market for ophthalmology devices market in North America. Market growth in this region will be slower than the growth of the market in other regions.

Rising healthcare expenditure on ocular diseases, the increasing number of product approvals, and the growing adoption of technologically advanced ophthalmology devices will facilitate the ophthalmology devices market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

However, in early 2020, the outbreak of COVID-19 in the region hindered the sales of ophthalmology devices. During the outbreak of the viral disease, a majority of manufacturing facilities that produce medical devices have shifted their focus toward necessary medical devices, equipment, and supplies, such as personal protective equipment kits, masks, and ventilators. Therefore, an incline in the sales of ophthalmology devices is observed in the region in the first half of 2020.

What are the Revenue-generating Product Segments in the Ophthalmology Devices Market?

Ophthalmology Devices Market Share

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The ophthalmology devices market share growth in vision care will be significant during the forecast period. The increasing adoption of spectacle lenses made of high-tech plastics, which are more resistant to scratches than conventional plastics, and high-definition (HD) spectacle lenses, manufactured using digital computer technology and diamond-cutting tools allow the lens surface to be customized into an individual's eyes and increasing investment in marketing and product promotions by vendors are driving the market growth.

This report provides an accurate prediction of the contribution of all the segments to the growth of the ophthalmology devices market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Ophthalmology Devices Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 4.1%

Market growth 2022-2026

$ 17.09 billion

Market structure

Fragmented

YoY growth (%)

3.51

Regional analysis

North America, Europe, Asia, and Rest of World (ROW)

Performing market contribution

North America at 42%

Key consumer countries

US, Canada, Germany, UK, and China

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profile Abbie

AbbVie Inc., Alcon Inc., Bausch Health Co. Inc., Carl Zeiss AG, Danaher Corp., Digital Diagnostics Inc., EssilorLuxottica, EyeQue Corp., Glaukos Corp, HOYA Corp., IRIDEX Corp., Johnson and Johnson, LENSAR Inc., Lumenis Ltd., LUMIBIRD SA, Metall Zug AG, NIDEK Co. Ltd, STAAR Surgical Co., The Cooper Companies Inc., and Ziemer Ophthalmic Systems AG

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Ophthalmology Devices Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive ophthalmology devices market growth during the next five years
  • Precise estimation of the ophthalmology devices market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the ophthalmology devices industry across North America, Europe, Asia, and the Rest of the World (ROW)
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of ophthalmology devices market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Product

    • 5.1 Market segments
      • Exhibit 24: Chart on Product - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Product - Market share 2021-2026 (%)
    • 5.2 Comparison by Product
      • Exhibit 26: Chart on Comparison by Product
      • Exhibit 27: Data Table on Comparison by Product
    • 5.3 Vision care - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Vision care - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 29: Data Table on Vision care - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 30: Chart on Vision care - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Vision care - Year-over-year growth 2021-2026 (%)
    • 5.4 Ophthalmology surgical devices - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Ophthalmology surgical devices - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 33: Data Table on Ophthalmology surgical devices - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 34: Chart on Ophthalmology surgical devices - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Ophthalmology surgical devices - Year-over-year growth 2021-2026 (%)
    • 5.5 Ophthalmology diagnostic devices - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Ophthalmology diagnostic devices - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 37: Data Table on Ophthalmology diagnostic devices - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 38: Chart on Ophthalmology diagnostic devices - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Ophthalmology diagnostic devices - Year-over-year growth 2021-2026 (%)
    • 5.6 Market opportunity by Product
      • Exhibit 40: Market opportunity by Product ($ billion)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 42: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 44: Chart on Geographic comparison
      • Exhibit 45: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 Asia - Market size and forecast 2021-2026
      • Exhibit 54: Chart on Asia - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 55: Data Table on Asia - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 56: Chart on Asia - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on Asia - Year-over-year growth 2021-2026 (%)
    • 7.6 Rest of World (ROW) - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Rest of World (ROW) - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 59: Data Table on Rest of World (ROW) - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 60: Chart on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
    • 7.7 US - Market size and forecast 2021-2026
      • Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.8 Germany - Market size and forecast 2021-2026
      • Exhibit 66: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 67: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 68: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.9 UK - Market size and forecast 2021-2026
      • Exhibit 70: Chart on UK - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 71: Data Table on UK - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 72: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.10 China - Market size and forecast 2021-2026
      • Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.11 Canada - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Canada - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 79: Data Table on Canada - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 80: Chart on Canada - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Canada - Year-over-year growth 2021-2026 (%)
    • 7.12 Market opportunity by geography
      • Exhibit 82: Market opportunity by geography ($ billion)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 85: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 86: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 87: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 88: Matrix on vendor position and classification
            • 10.3 AbbVie Inc.
              • Exhibit 89: AbbVie Inc. - Overview
              • Exhibit 90: AbbVie Inc. - Product / Service
              • Exhibit 91: AbbVie Inc. - Key offerings
            • 10.4 Alcon Inc.
              • Exhibit 92: Alcon Inc. - Overview
              • Exhibit 93: Alcon Inc. - Business segments
              • Exhibit 94: Alcon Inc. - Key offerings
              • Exhibit 95: Alcon Inc. - Segment focus
            • 10.5 Bausch Health Co. Inc.
              • Exhibit 96: Bausch Health Co. Inc. - Overview
              • Exhibit 97: Bausch Health Co. Inc. - Business segments
              • Exhibit 98: Bausch Health Co. Inc. - Key news
              • Exhibit 99: Bausch Health Co. Inc. - Key offerings
              • Exhibit 100: Bausch Health Co. Inc. - Segment focus
            • 10.6 Carl Zeiss AG
              • Exhibit 101: Carl Zeiss AG - Overview
              • Exhibit 102: Carl Zeiss AG - Business segments
              • Exhibit 103: Carl Zeiss AG - Key offerings
              • Exhibit 104: Carl Zeiss AG - Segment focus
            • 10.7 Danaher Corp.
              • Exhibit 105: Danaher Corp. - Overview
              • Exhibit 106: Danaher Corp. - Business segments
              • Exhibit 107: Danaher Corp. - Key news
              • Exhibit 108: Danaher Corp. - Key offerings
              • Exhibit 109: Danaher Corp. - Segment focus
            • 10.8 EssilorLuxottica
              • Exhibit 110: EssilorLuxottica - Overview
              • Exhibit 111: EssilorLuxottica - Business segments
              • Exhibit 112: EssilorLuxottica - Key offerings
              • Exhibit 113: EssilorLuxottica - Segment focus
            • 10.9 HOYA Corp.
              • Exhibit 114: HOYA Corp. - Overview
              • Exhibit 115: HOYA Corp. - Business segments
              • Exhibit 116: HOYA Corp. - Key offerings
              • Exhibit 117: HOYA Corp. - Segment focus
            • 10.10 Johnson and Johnson
              • Exhibit 118: Johnson and Johnson - Overview
              • Exhibit 119: Johnson and Johnson - Business segments
              • Exhibit 120: Johnson and Johnson - Key news
              • Exhibit 121: Johnson and Johnson - Key offerings
              • Exhibit 122: Johnson and Johnson - Segment focus
            • 10.11 NIDEK Co. Ltd
              • Exhibit 123: NIDEK Co. Ltd - Overview
              • Exhibit 124: NIDEK Co. Ltd - Business segments
              • Exhibit 125: NIDEK Co. Ltd - Key news
              • Exhibit 126: NIDEK Co. Ltd - Key offerings
              • Exhibit 127: NIDEK Co. Ltd - Segment focus
            • 10.12 The Cooper Companies Inc.
              • Exhibit 128: The Cooper Companies Inc. - Overview
              • Exhibit 129: The Cooper Companies Inc. - Business segments
              • Exhibit 130: The Cooper Companies Inc. - Key offerings
              • Exhibit 131: The Cooper Companies Inc. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 132: Inclusions checklist
                • Exhibit 133: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 134: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 135: Research methodology
                • Exhibit 136: Validation techniques employed for market sizing
                • Exhibit 137: Information sources
              • 11.5 List of abbreviations
                • Exhibit 138: List of abbreviations

              Research Framework

              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.

              TechnavioINFORMATION 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
              Technavio

              TechnavioDATA 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
              Technavio

              TechnavioREPORT 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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              Ophthalmology Devices market growth will increase by $13.03 billion during 2019-2024.
              The ophthalmology devices market is expected to grow at a CAGR of 3.41% during 2019-2024.
              Technavio has segmented the ophthalmology devices market by product (Vision care, Ophthalmology surgical devices, and Ophthalmology diagnostic devices) and geographic (North America, Europe, Asia, and ROW).
              Alcon Inc., Allergan Plc, Bausch Health Companies Inc., Carl Zeiss AG, Danaher Corp., EssilorLuxottica Group, HOYA Corp., Johnson & Johnson, NIDEK Co. Ltd., The Cooper Companies Inc. are a few of the key vendors in the ophthalmology devices market.
              North America will register the highest growth rate of 35.92% among the other regions. Therefore, the ophthalmology devices market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the ophthalmology devices market growth are:
              • Increasing prevalence of ophthalmic diseases
              The ophthalmology devices market vendors should focus on grabbing business opportunities from the vision care segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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