The Ophthalmic Devices 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 Ophthalmic Devices Global Market Report 2024, The ophthalmic devices market size has grown rapidly in recent years. It will grow from $41.18 billion in 2023 to $45.6 billion in 2024 at a compound annual growth rate (CAGR) of 10.7%. The growth in the historic period can be attributed to aging population, increasing eye diseases, regulatory changes, the expansion and improvement of healthcare infrastructure, .
The ophthalmic devices market size is expected to see strong growth in the next few years. It will grow to $66.1 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to rising diabetes rates, telemedicine and remote monitoring, emerging markets growth, minimally invasive surgery, advancements in genetics and personalized medicine . Major trends in the forecast period include artificial intelligence (AI) and machine learning, wearable technology, teleophthalmology, sustainable and eco-friendly devices, patient-centric care.
The increasing incidence and prevalence of eye diseases are expected to contribute to the growth of the ophthalmic device market. Eye disorders such as age-related macular degeneration (AMD), glaucoma, and cataracts are becoming major causes of visual impairment and blindness globally. Ophthalmic devices play a crucial role in diagnosing, treating, and managing various eye disorders and conditions. For instance, in June 2022, according to the National Institute of Eye, an agency of the U.S. Department of Health and Human Services, the number of people with visual impairment or blindness is expected to double by 2050 and In the United States alone, by about 12 million people age 40 and older suffer from vision impairment, with about a million suffering from blindness. The increasing incidence and prevalence of eye-related disorders is expected to drive the use of ophthalmic devices in the diagnosis and treatment of eye-related diseases.
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The ophthalmic devices market covered in this report is segmented –
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 Type of Expenditure: Public; Private
3) By Product: Instruments/Equipment; Disposables
4) By End User: Hospitals And Clinics; Diagnostic Laboratories; Other End Users
Top Major Players
Luxottica Group S.p.A.,
Johnson & Johnson,
Hoya Corporation,
CooperVision AG,
Bausch Health Companies Inc.
The ophthalmic devices market report table of contents includes:
1. Executive Summary
- Ophthalmic Devices Market Characteristics
- Ophthalmic Devices Product/Service Analysis -Product/Service Examples
- Ophthalmic Devices Market Trends And Strategies
- Ophthalmic Devices Market – Macro Economic Scenario
- Global Ophthalmic Devices Market Size and Growth
- Ophthalmic Devices Market Segmentation
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- Global Ophthalmic Devices Market Competitive Benchmarking
- Global Ophthalmic Devices Market Competitive Dashboard
- Key Mergers And Acquisitions In The Ophthalmic Devices Market
- Ophthalmic Devices Market Future Outlook and Potential Analysis
- Appendix
List Of Tables :
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Ophthalmic Devices Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Ophthalmic Devices Market, Segmentation By Type of Expenditure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Ophthalmic Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 145: Luxottica Group S.p.A. Financial Performance
Table 146: Johnson & Johnson Financial Performance
Table 147: Hoya Corporation Financial Performance
Table 148: CooperVision AG Financial Performance
Table 149: Bausch Health Companies Inc Financial Performance
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