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The diagnostic and monitoring ophthalmic devices and equipment 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 Diagnostic And Monitoring Ophthalmic Devices And Equipment Market Size In 2022 And Forecast
The global diagnostic and monitoring ophthalmic devices and equipment market grew from $2.25 billion in 2021 to $2.48 billion in 2022 at a compound annual growth rate (CAGR) of 10.6%. 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 diagnostic and monitoring ophthalmic devices and equipment market is expected to grow to $3.22 billion in 2026 at a CAGR of 6.7%.

The diagnostic and monitoring ophthalmic devices and equipment market consist of sales of diagnostic and monitoring ophthalmic devices and equipment and related services.

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Increase In The Prevalence Of Eye Diseases Is Driving The Growth Of The Diagnostic And Monitoring Ophthalmic Devices And Equipment Market
According to a study, 4 out of 10 people have been found to have cataract disease in their early stages of life. The absolute number of cataract blind in 2020 would be 8.25 million, due to a substantial increase in the population above 50 years in India.

Competitive Landscape And The Regional Analysis Of The Diagnostic And Monitoring Ophthalmic Devices And Equipment Market
Major players in the diagnostic and monitoring ophthalmic devices and equipment market are Carl Zeiss Meditec, Alcon, Bausch + Lomb, Haag-Streit, Topcon Corporation, Nidek Co. Ltd, Abbott Medical Optics, Johnson and Johnson Vision Care, Essilor International S.A, and Ziemer Ophthalmic Systems AG.

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

The Diagnostic And Monitoring Ophthalmic Devices And Equipment 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 diagnostic and monitoring ophthalmic devices and equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the diagnostic and monitoring ophthalmic devices and equipment market.

Advancing in eye care medical devices equipped with AI – A Key Trend In The Diagnostic And Monitoring Ophthalmic Devices And Equipment Market
Advanced eye care medical devices equipped with artificial intelligence (AI) and machine learning (ML) are the new trends in the ophthalmic diagnostic and monitoring equipment market. AI and ML-equipped medical devices can not only quickly interpret the eyes of the patient with better accuracy but also recommend a suitable treatment for the patient.

Diagnostic And Monitoring Ophthalmic Devices And Equipment Market Segmentation By The Business Research Company

1) By Product Type: Optical coherence tomographers, Ophthalmic ultrasound imaging systems, Fundus cameras, Ophthalmoscopes, Keratometers, Specular microscopes., Tonometers, Slit Lamps, Retinoscopes, Others(Dioptometers, Optotype projector, Perimeters, and Biometers,Pachymeters, Autorefractors/phoropters, Corneal topographers, Wavefront abberometers, Wavefront abberometers)

2) By End User: Hospitals, Clinics, Diagnostic Laboratories, Research Centers

3) By Application: Retinal evaluation, Glaucoma detection and monitoring, Surgical evaluation, General examine, Intraoperative devices, Refraction equipment

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