Overview and Scope
An ophthalmic microscope refers to a specialized microscope used in ophthalmology, which is the branch of medicine concerned with the diagnosis, treatment, and prevention of eye disorders and diseases. It assists the eye surgeon at every stage of cataract surgery, allowing them to work with more efficiency and precision.
Sizing and Forecast
The ophthalmic microscope market size has grown strongly in recent years. It will grow from $1.39 billion in 2023 to $1.53 billion in 2024 at a compound annual growth rate (CAGR) of 10.0%. The growth in the historic period can be attributed to demand from research and education, focus on ergonomics and user experience, aging population demands, advancements in imaging quality, rise in eye disorders.
The ophthalmic microscope market size is expected to see strongly grown in the next few years. It will grow to $2.14 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to focus on ergonomic design, market expansion in developing regions, demand for minimally invasive procedures, focus on precision and accuracy, rise in ophthalmic surgeries. Major trends in the forecast period include rise in eye surgeries, healthcare infrastructure development, surge in eye disorders, increasing awareness and education, favorable reimbursement policies.
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Segmentation & Regional Insights
The ophthalmic microscope market covered in this report is segmented –
1) By Type: Optical, Digital, Other Types
2) By Modality: Ceiling-Mounted, Table-top, Wall-Mounted, On Casters
3) By Application: LASIK Surgery, Cataract Surgery, Keratoplasty Surgery, Trabeculectomy, Other Applications
4) By End Use: Hospitals, Ambulatory Surgical Centers, Other End Users
North America was the largest region in the ophthalmic microscope market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global ophthalmic microscope market report forecast period. The regions covered in the ophthalmic microscope market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increasing prevalence of eye diseases such as vision impairment is driving the ophthalmology microscope market. Eye diseases refer to conditions that affect the structures and functions of the eye, leading to visual impairment or vision loss. Ophthalmology microscopes are essential in detailed imaging of the eye of the patient to detect and diagnose eye diseases and defects that may be present. For instance, in October 2022, according to the World Health Organization, a Switzerland-based specialized health agency of the United Nations, at least 2.2 billion people were suffering from near or distant vision impairment globally. Moreover, in December 2022, according to the Centers for Disease Control and Prevention (CDC), a US-based government agency, 17.2% of Americans over the age of 40 have a cataract in at least one eye (about 20.5 million people) is estimated to affect approximately 30 million people by 2028. As a result, the increasing prevalence of eye diseases is driving the ophthalmic microscope.
Key Industry Players
Major companies operating in the ophthalmic microscope market report are Alcon Inc., Carl Zeiss Meditec AG, Leica Microsystems GmbH, Topcon Corporation, Haag-streit Holding AG, Takagi Seiko Ltd., Karl Kaps GmbH & Co. KG, Seiler medical AG, Rexam Co. Ltd., Orion Medic Oy, Inami & Co. Ltd., Alltion Co. Ltd., Prescott’s Inc., Revenio Group Corporation, TTI Medical Inc., US Ophthalmic LLC, Moeller-Wedel GmbH, Novartis AG, Johnson & Johnson, Vision Engineering Ltd., Optopol Technology S.A., Optikron GmbH, NIDEK CO. LTD., Santen Pharmaceutical Co. Ltd., Huvitz Co. Ltd., Welch Allyn Inc., Reichert Inc., Hoya Corporation, Tomey Corporation, Nikon Corporation, Olympus Corporation, Oculus Surgical & Ophthalmic Instruments GmbH, Volk Optical Ltd., Costruzione Strumenti Oftalmici, Italmec, Mediview, Rodenstock GmbH
The ophthalmic microscope market report table of contents includes:
1. Executive Summary
2. Ophthalmic Microscope Market Characteristics
3. Ophthalmic Microscope Market Trends And Strategies
4. Ophthalmic Microscope Market – Macro Economic Scenario
5. Global Ophthalmic Microscope Market Size and Growth
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31. Global Ophthalmic Microscope Market Competitive Benchmarking
32. Global Ophthalmic Microscope Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Ophthalmic Microscope Market
34. Ophthalmic Microscope Market Future Outlook and Potential Analysis
35. Appendix
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