The future of the global ophthalmic devices market looks promising with opportunities in the hospital & eye clinic markets. The global ophthalmic devices market is expected to reach an estimated $53.9 billion by 2030 with a CAGR of 5.1% from 2024 to 2030. The major drivers for this market are rising prevalence of eye diseases, growing awareness towards the importance of eye health, and on-going technological advancements in ophthalmic devices are leading to new and improved treatments for eye diseases.
Some of the key questions
answered in this exclusive report are:
Q.1. What are some of
the most promising, high-growth opportunities for the ophthalmic devices market
by product type (optical coherence tomography and ophthalmic ultrasound),
application (cataract and glaucoma), end use (hospitals & eye clinics and
others), and region (North America, Europe, Asia Pacific, and the Rest of the
World)?
Q.2. Which segments will
grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and
why?
Q.4. What are the key
factors affecting market dynamics? What are the key challenges and business
risks in this market?
Q.5. What are the
business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market
and the reasons behind them?
Q.7. What are some of
the changing demands of customers in the market?
Q.8. What are the new
developments in the market? Which companies are leading these developments?
Q.9. Who are the major
players in this market? What strategic initiatives are key players pursuing for
business growth?
Q.10. What are some of
the competing products in this market and how big of a threat do they pose for
loss of market share by material or product substitution?
Q.11. What M&A
activity has occurred in the last 5 years and what has its impact been on the
industry?
Market Segmentation:
In this market, optical
coherence tomography and ophthalmic ultrasound are the major segments of
ophthalmic devices market by product type. Lucintel forecasts that optical
coherence tomography (OCT) is expected to witness higher growth over the
forecast period due to increasing application in diagnosis of diseases, such as
diabetic eye, glaucoma, and relatd macular degeneration.
Within this market,
hospitals and eye clinics will remain the larger segment due to high demand for
ophthalmic devices to diagnose, treat, and manage a wide range of eye
conditions.
North America will
remain the largest segment over the forecast period due to growing prevalence
of chronic eye and presence of advanced healthcare system in the region.
Bausch Health, Alcon,
Carl Zeiss Meditec, Johnson and Johnson, Hoya Corporation, The Cooper,
Essilorluxottica, Canon, Glaukos Corporation, and Nidek are the major suppliers
in the ophthalmic devices market.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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