The Business Research Company’s latest report Ophthalmic Devices Global Market Report 2020 covers Ophthalmic Devices market drivers, Ophthalmic Devices market trends, Ophthalmic Devices market segments, Ophthalmic Devices market growth rate, Ophthalmic Devices market major players, and Ophthalmic Devices market size. The report provides in-depth analysis of the impact of COVID-19 on the Ophthalmic Devices industry, along with revised market numbers due to the effects of the coronavirus.
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Ophthalmic Devices Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global ophthalmic devices market is expected to decline from $36 billion in 2019 to $28.3 billion in 2020 at a compound annual growth rate (CAGR) of -21.6%. The decline is mainly due to the COVID-19 outbreak and the measures to contain it. The restrictions on non-essential medical services including ophthalmology services coupled with slowed production of ophthalmic devices used for treating eye conditions, due to extended factory closures in various countries together have contributed to the decline in the growth rate. The market is then expected to recover and grow at a CAGR of 7% from 2021 and reach $46.4 billion in 2023.
The report covers the Ophthalmic Devices market’s segments-
1) By Type: Vision Care Devices And Equipment, Cataract Surgery Devices And Equipment, Refractive Surgery Devices And Equipment, Diagnostic And Monitoring Ophthalmic Devices And Equipment.
2) By End User: Hospitals And Clinics, Diagnostic Laboratories, Others.
3) By Type Of Expenditure: Public, Private.
4) By Product: Instruments/Equipment, Disposables.
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