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The ophthalmic devices market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 6%, as per The Business Research Company’s market report!

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The Ophthalmic Devices Market Size In 2022 And Forecast

The global ophthalmic devices market grew from $32.8 billion in 2021 to $36.08 billion in 2022 at a compound annual growth rate (CAGR) of 10.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The ophthalmic devices market is expected to grow to $46.02 billion in 2026 at a CAGR of 6.3%.

The ophthalmic devices market consists of sales of ophthalmic devices and related services by entities (organizations, sole traders, and partnerships) that produce ophthalmic devices used in the diagnosis and treatment of eye-related diseases.

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Increase In Cataract Surgeries Is Driving The Growth Of The Ophthalmic Devices Market

Major companies manufacturing femtosecond laser ophthalmic equipment are Myalcon and Precision Lens.

Competitive Landscape And The Regional Analysis Of The Ophthalmic Devices Market

Major players in the ophthalmic devices market are Luxottica Group S.p.A., Johnson & Johnson, Hoya Corporation, CooperVision AG, Bausch Health, Companies Inc., Carl Zeiss AG, Flex Ltd, Nidek Co. Ltd., Topcon Corporation, and Rostec State Corporation.

Additionally, as per TBRC’s research – North America was the largest region in the ophthalmic devices market in 2021 holding the largest market share.

The Ophthalmic Devices Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the ophthalmic devices market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa., South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the ophthalmic devices market.

Robotic-assisted eye surgeries – A Key Trend In The Ophthalmic Devices Market

Robotic-assisted eye surgeries are being widely used by healthcare service organizations to improve treatment outcomes. Robot-assisted surgeries allow surgeons to perform complex eye operations with improved precision, amplified scale of motion, reduced tremor, task automation, and flexibility.

Ophthalmic Devices Market Segmentation By The Business Research Company

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, Other End Users

3) By Type of Expenditure: Public, Private

4) By Product: Instruments/Equipment, Disposables

Here Are Some Reports Related To The Ophthalmic Devices Market –

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Diagnostic And Monitoring Ophthalmic Devices And Equipment Global Market Report 2022

Refractive Surgery Devices And Equipment Global Market Report 2022

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