The diagnostic and monitoring ophthalmic devices and equipment market size is expected to see rapid growth in the next few years. It will grow to <b>$4.68 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%. </b> The growth in the forecast period can be attributed to emerging markets growth, telemedicine and teleophthalmology, value-based healthcare, regulatory support and reimbursement. Major trends in the forecast period include artificial intelligence (ai) integration, portable and handheld devices, home monitoring solutions, 3d and wide-field imaging.
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Segmentation & Regional Insights
The diagnostic and monitoring ophthalmic devices and equipment market covered in this report is segmented –
1) By Product Type: Optical coherence tomographers, Ophthalmic ultrasound imaging systems, Fundus cameras, Ophthalmoscopes, Keratometers, Specular microscopes., Tonometers, Slit Lamps, Retinoscopes, Other products (Dioptometers, Optotype projector, Perimeters, and Biometers,Pachymeters,Autorefractors/phoropters,Corneal topographers,Wavefront abberometers,Wavefront abberometers)
2) By Application: Retinal evaluation, Glaucoma detection and monitoring, Surgical evaluation, General examine, Intraoperative devices, Refraction equipment
3) By End User: Hospitals, Clinics, Diagnostic Laboratories, Research Centers
<b>North America</b> was the largest region in the global diagnostic and monitoring ophthalmic devices and equipment market in 2023. <b>Asia-Pacific</b> was the second-largest region in diagnostic and monitoring ophthalmic devices and equipment market. The regions covered in the diagnostic and monitoring ophthalmic devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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Major Driver Impacting Market Growth
The increasing incidence of diabetes is expected to propel the growth of diagnostic and monitoring equipment in the ophthalmic devices market going forward. Diabetes is a chronic disease that occurs when the body cannot effectively use or produce enough insulin, a hormone that regulates blood sugar levels. Diagnostic and monitoring equipment in ophthalmic devices such as smart contact lenses can be used for both continuous glucose monitoring and the treatment of diabetic retinopathy. They can wirelessly monitor glucose levels and provide real-time data to the user. For instance, according to the National Center for Biotechnology Information, a US-based series of databases relevant to biotechnology and biomedicine, in 2021, over 1.2 million children and adolescents have type 1 diabetes. Thus, the increasing incidence of diabetes is driving the growth of the diagnostic and monitoring equipment in the ophthalmic devices market.
Key Industry Players
Major companies operating in the diagnostic and monitoring ophthalmic devices and equipment market include <b> Carl Zeiss Meditec, Alcon Inc., Bausch + Lomb, Haag-Streit, Topcon Corporation, Nidek Co. Ltd., Abbott Medical Optics, Johnson and Johnson Vision Care, Essilor International S.A, Ziemer Ophthalmic Systems AG, STAAR Surgical Company, Ellex, Quantel Medical Inc, Optovue, Canon Inc., Halma plc, Coburn Technologies Inc., Kowa Company Ltd., AMETEK Inc., AbbVie Inc., Hoya Corporation, Ridex Corporation, CIBA Vision Corporation, CooperVision, Gulden Ophthalmics, Glaukos Corporation, FCI Ophthalmics, Matronix India Corporation, HEINE Optotechnik, Visionix Ltd., Neo Vision, Clear Lab, Appasamy Associates, Ophtec BV, Lumenis, Intuvision Labs, Ocular Instruments, Ophthalmic Instruments Company, Keeler Ltd., Oculus, Reichert Technologies, Tomey Corporation, US Ophthalmic </b>
The diagnostic and monitoring ophthalmic devices and equipment market report table of contents includes:
- Executive Summary
- Diagnostic And Monitoring Ophthalmic Devices And Equipment Market Characteristics
- Diagnostic And Monitoring Ophthalmic Devices And Equipment Market Trends And Strategies
- Diagnostic And Monitoring Ophthalmic Devices And Equipment Market – Macro Economic Scenario
- Global Diagnostic And Monitoring Ophthalmic Devices And Equipment Market Size and Growth
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- Global Diagnostic And Monitoring Ophthalmic Devices And Equipment Market Competitive Benchmarking
- Global Diagnostic And Monitoring Ophthalmic Devices And Equipment Market Competitive Dashboard
- Key Mergers And Acquisitions In Diagnostic And Monitoring Ophthalmic Devices And Equipment Market
- Diagnostic And Monitoring Ophthalmic Devices And Equipment Market Future Outlook and Potential Analysis
- Appendix
Top Major Players :
- Carl Zeiss Meditec
- Alcon Inc.
- Bausch + Lomb
- Haag-Streit
- Topcon Corporation
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