Ophthalmic Devices Market: Key Facts, Dynamics, Segments and Forecast Predictions Presented and Forecast: 2022-2031

The Ophthalmic devices market is estimated to represent a global market of USD 30.69 billion by 2022 with growth rate of 5.8%. Ophthalmic devices market is experiencing ever green demand for these devices among the end users owing to the rise in ophthalmic related disorders. Due to this fact, the market revenue for ophthalmic devices is increasing at constant rate over the past few years. We estimated that of the global medical devices market, ophthalmic devices market contributed around 12-13% share of the total revenue. These devices comprise of large range of medical devices like contact lenses, glasses, implants,intraocular lenses, lasers, diagnostics, ophthalmic solutions, surgical instruments and others.

The regulatory authorities have categorized the ophthalmic devices into three different classes such as:
Class I: This includes low risk devices such as eye occasion plasters, corrective glasses and frames, and others
Class IIa and IIb: This covers ophthalmic devices of medium risk. It includes contact lenses, contact lens and care solutions, surgical lasers, , intraocular lenses, and Scleral and corneal implants.

Class III:It covers high risk devices. For example: medicinal substances that utilize tissues or abstract of animal origin
Product segment categorized in terms of Diagnostic Devices, Surgical Equipment, and Vision Care Devices. Vision care devices, compared to other segments, captured lion share of the global ophthalmic devices market. This segment recorded USD 25.12 billion (more than 75% share) of the global market during the year 2022. Rising demand for vision care devices in developing as well developed regions coupled with technological advancements supported the market growth to great extent.Diagnostic devices are further categorized into Fundus Camera, Optical Coherence Tomography Scanner, Retinoscope, Pachymeter Ophthalmoscope, Biometer and others. Surgical equipment segment is divided into Refractive Error Surgery Equipment, Glaucoma Surgery Equipment and Cataract & Vitreoretinal Surgery Equipment.Contact Lenses and Spectacle Lenses are the primary sub-segments of vision care devices market.

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Companies such as Ziemer Ophthalmic, Nidek, Johnson & Johnson, Bausch & Lomb, Inc., Alcon, Inc., and Abbott Laboratories are the key players of this market. These companies are presenting extensive product line in this market segment. Additionally, key companies are rigorously involved in strategic mergers and acquisitions to expand their market share and customer base. It is justified by the strategic collaboration of Hoya Group with Seiko Epson Corporation

The market size and forecast for each segment has been provided for the period 2014 to 2025, considering 2015 as the base year. The report also provides the compounded annual growth rate (% CAGR) for the forecast period 2016 to 2025 for every reported segment.

The years considered for the study are:
Historical Year – 2014 & 2015
Base Year – 2015
Estimated Year – 2016
Projected Year – 2025
Traders, Distributors, And Suppliers
Government and Regional Agencies and Research Organizations

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The scope of this report covers the market by its major segments, which include as follows:
Diagnostic Devices
Fundus Camera
Optical Coherence Tomography Scanner
Pachymeter Ophthalmoscope
Surgical Equipment
Refractive Error Surgery Equipment
Glaucoma Surgery Equipment
Cataract & Vitreoretinal Surgery Equipment
Vision Care Devices
Contact Lenses
Spectacle Lenses
North America
Asia Pacific
Rest of the World
Further Breakdown of The North America Market
Further Breakdown of The Europe Market
Rest of Europe
Further Breakdown of The APAC Market
Rest of APAC
Further Breakdown of The Rest of the World Market
Middle East and Africa
Latin America

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