The Diagnostic And Monitoring Ophthalmic Devices And Equipment Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Diagnostic And Monitoring Ophthalmic Devices And Equipment Global Market Report 2024, The diagnostic and monitoring ophthalmic devices and equipment market size has grown rapidly in recent years. It will grow from $2.85 billion in 2023 to $3.18 billion in 2024 at a compound annual growth rate (CAGR) of 11.4%. The growth in the historic period can be attributed to aging population, advances in ophthalmic imaging, prevalence of eye diseases, diabetes epidemic.
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 $4.68 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%. 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.
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.
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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
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
The diagnostic and monitoring ophthalmic devices and equipment market report table of contents includes:
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Top Major Players
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