Ophthalmic Devices Market - Industry Analysis, Size, Share, Growth, Trends and Forecast to 2025

OPHTHALMIC DEVICES MARKET
Global Industry Insights, Trends, Outlook, and
Opportunity Analysis, 2017-2025
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REPORT DESCRIPTION
Ophthalmic Devices Market Overview
Ophthalmology refers to a branch of medical sciences that deals with the structural and
functional defects of the eye. Ophthalmic devices are medical devices used in the treatment and
identification of certain ocular deformities and deficiencies of the eyes. The global ophthalmic
devices market is driven by eye disorders such as glaucoma, diabetic retinopathy, macular
degeneration, and cataract and vision care devices. Ophthalmic devices are also used in various
surgical processes such as ultrasound phacoemulsification for faster recovery rates and
improved safety. A wide range of ophthalmic devices are available in the market from high
complexity devices such as phoropters , ophthalmoscopes, retinoscopes and scanning laser
polarimetry devices to low end products such as contact lenses, spectacles and lens cleaning
and disinfecting solutions, Thus, the demand for ophthalmic devices is anticipated to be
increasing significantly over the forecast period.
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Increasing prevalence of eye disorder is projected to fuel growth of the global ophthalmic
devices market
According to the International Journal of Advanced Medical and Health Research 2015, cataract
has been reported to be the major cause of blindness, affecting 17-18 million people worldwide,
accounting for 39% of such cases. Following cataract, glaucoma is seen to be the second major
reason causing blindness among people. According to the Glaucoma Research Organization,
over 120,000 people are blind due to glaucoma accounting up to 9-12% of total blind cases.
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REPORT DESCRIPTION
The vision care devices segment dominating the global ophthalmic devices market in terms of over
the counters sales
The global ophthalmic devices market is segmented on the basis of product type, disorder, and
geographical region.
• On the basis of product type, the global ophthalmic devices market is segmented as
• Diagnostic and Monitoring Devices
• Surgical Devices
• Vision Care Devices
Vision care devices witnesses maximum sale over the counter and therefore accounts for the largest
share. Furthermore there is a rapid rise in number of people affected with eye disorders and increasing
awareness among the populace about eye health and safety augments growth of the segment.
According to The Vision Council, over 87% of people in the U.S. are reported to be using digital devices
for over 2 hours per day, thereby developing eye strain, dry eyes, blurred vision, etc. These small eye
related troubles can be sorted with the use of vision care devices in turn potentiating the global
ophthalmic devices market. Moreover, rapid growth in the eye diseases such as cataract and glaucoma
are resulting in potential growth of the surgical devices segment that would be required in the
treatment of these disorders.
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REPORT DESCRIPTION
Emerging economies of Asia Pacific to boost global ophthalmic devices market growth in the
forecast period
Based on regional segmentation, the global ophthalmic devices market is segmented into North
America, Latin America, Europe, Asia Pacific, Middle East and Africa. The North America is
accounted to capture highest share in the global ophthalmic devices market owing to innovation
and focus on diagnostic devices and surgery applications as well as higher market penetration
levels. The emerging economies such as China, India, Japan and Brazil are estimated to gain an
early momentum in the market as a result of massive investments by manufacturers.
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The global ophthalmic market is very vast, rapidly growing as well as highly competitive. Some
of the major players operating global ophthalmic market are Johnson and Johnson, Novartis
AG, Bausch & Lomb Inc., Essilor International, Abbott Laboratories Inc., VisionCare Inc., Hoya
Corporation, Canon Inc., Carl Zeiss AG, Topcon Corporation, Nidek Co Ltd., CooperVision AG
and Alcon Inc. The players are sustaining their prime position in the global ophthalmic devices
market due to consistency in launching of new ophthalmic devices and eye care products.
Alongside, several other new entrants may also create growth opportunities and enhance the
growth of the global ophthalmic devices market.
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SECTOR COVERAGE
BIOTECHNOLOGY
CLINICAL DIAGNOSTIC
HEALTHCARE IT
MEDICAL DEVICES
MEDICAL IMAGING
PHARMACEUTICAL
OUR CLIENTS
 Global Leading Equipment and System Manufacturers  Marketing Consultancies and the Advertising Industry
 Component Providers and System Integrators
 Private and Government organization
 Distributors, Retailors and Value Added Resellers
 Outsourcing Companies
 Healthcare IT Solutions Developers
 Universities and Business Schools.
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Ophthalmology refers to a branch of medical sciences that deals with the structural and functional defects of the eye. Ophthalmic devices are medical devices used in the treatment and identification of certain ocular deformities and deficiencies of the eyes. The global ophthalmic devices market is driven by eye disorders such as glaucoma, diabetic retinopathy, macular degeneration, and cataract and vision care devices. Ophthalmic devices are also used in various surgical processes such as ultrasound phacoemulsification for faster recovery rates and improved safety. A wide range of ophthalmic devices are available in the market from high complexity devices such as phoropters , ophthalmoscopes, retinoscopes and scanning laser polarimetry devices to low end products such as contact lenses, spectacles and lens cleaning and disinfecting solutions, Thus, the demand for ophthalmic devices is anticipated to be increasing significantly over the forecast period.