Ophthalmic Devices Market to Reach $44.86 Bn, Globally, by 2027

 Allied Market Research published a report, titled, "Ophthalmic Devices Market by Product Function [Surgical Devices (Refractive Error Surgery Devices, Glaucoma Surgery Devices, Cataract Surgery Devices, and Vitreoretinal Surgery Devices) Ophthalmic Diagnostic Devices (Refractors, Corneal Topography Systems, Retinal Ultrasound Systems, Fundus Camera, Ophthalmoscopes, OCT, Perimeters, Slit Lamps, and Tonometer), and Vision Care Devices (Contact Lenses and Spectacles)]: Global Opportunity Analysis and Industry Forecast, 2020–2027." According to the report, the global ophthalmic devices market garnered $32.53 billion in 2019, and is estimated to reach $44.86 billion by 2027, registering a CAGR of 4.0% from 2020 to 2027.

Drivers, restraints, and opportunities-

Increase in adoption of digital devices in health care sector and technological advancement in the ophthalmic devices drive the growth of the global ophthalmic devices market. However, lack of sled professional and low awareness regarding eye-related diseases hinder the market growth. On the other hand, improvement in healthcare infrastructures is anticipated to offer new opportunities in the coming years.

Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/2046

COVID-19 Scenario-

  • The operational disruption in the surgical instrument and equipment manufacturing, due to COVID-19 outbreak, has impacted the ophthalmic devices market. On the other hand, the supply chain disruptions have resulted in shortages of devices.
  • However, the government bodies in several regions have imposed certain relaxations on the restrictions, in order to maintain economic requirement. Owing to this the companies have restarted the manufacturing.

The vision care segment to maintain its lead status-

Based on product function, the vision care segment accounted for nearly half of the global ophthalmic devices market in 2019, and is expected to maintain its lead status in terms of revenue throughout the forecast period. This is due to rise in trend of contact lenses and increase in number of patient with vision corrections. However, the diagnostic devices segment is estimated to portray the highest CAGR of 4.7% from 2020 to 2027. The changing consumer preference from traditional and manually operated refractors to auto-refractors drives the growth of the segment.

North America is anticipated to dominate the market by 2027-

Based on region, North America accounted for the highest share based on revenue, holding for nearly two-fifths of the global ophthalmic devices market in 2019, and is projected to maintain its dominant position throughout the forecast period. This is due to rise in number of blindness and low vision in the U.S. Moreover, Asia-Pacific region is estimated to generate the fastest CAGR of 4.5% from 2020 to 2027. This is attributed to the presence of high population base, increase in disposable income, and improvement in patient awareness about advanced ophthalmic devices in this region.

For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/2046

Leading market players

  • Abbott Laboratories
  • Novartis AG
  • Carl Zeiss Meditec AG
  • Essilor International S.A.
  • HAAG-Streit Holding AG
  • Johnson & Johnson
  • Nidek Co., Ltd.
  • Topcon Corporation
  • Valeant Pharmaceuticals International, Inc.
  • Ziemer Ophthalmic Systems AG.

Comments

Post a Comment

Popular posts from this blog

$1,082.44+ Million Breast Biopsy Market key highlights driving the industry CAGR of 5.1% Forecast, 2024-2030

Image
  The global  breast biopsy market , valued at $658.17 million in 2020, is projected to reach $1,082.44 million by 2030, growing at a compound annual growth rate (CAGR) of 5.1%. As breast biopsies play a crucial role in diagnosing breast cancer, advancements in technology, and rising awareness, the market is experiencing steady growth. Below are some of the key highlights driving the industry: 𝐆𝐞𝐭 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:  https://www.alliedmarketresearch.com/request-sample/1067 1. Breast Biopsy: A Diagnostic Tool Breast biopsies are essential for diagnosing breast cancer and identifying other conditions through physical examinations. The most common method is fine needle aspiration biopsy (FNAB), a minimally invasive procedure that leaves no scarring. Additionally, ultrasound-guided biopsies use real-time imaging to locate tissue, while stereotactic mammography uses images from various angles to precisely guide the needle. 2. High Efficacy ...
Read more

The Future of Cell Culture Media Market Growth, Trends, and Opportunities (2025-2035)

  The global  cell culture media market , valued at $5.2 billion in 2023, is projected to surge to $17.6 billion by 2035, growing at a CAGR of 10.7% from 2024 to 2035. This exponential growth is fueled by rising demand for biopharmaceuticals, vaccines, and gene therapies, driven by increasing cases of cancer, autoimmune disorders, and infectious diseases. Get a Sample Copy of this Report:  https://www.alliedmarketresearch.com/request-sample/A47229
Read more

The Surging Demand for Surgical Masks in India: Trends, Challenges, and Opportunities

  https:// www.alliedmarketresearch.com/surgical-mask-market Surgical masks have become an essential component of healthcare and personal hygiene, playing a crucial role in infection control. In India, the surgical mask market has seen exponential growth, fueled by increased healthcare awareness, rising surgical procedures, and pandemic-induced demand. The market, valued at $71.73 million in 2019, is projected to reach $157.13 million by 2027, growing at a CAGR of 10.3%. Get a Sample Copy of this Report:  https://www.alliedmarketresearch.com/request-sample/5125 Key Growth Drivers 1. Rising Surgical Procedures • India has a high prevalence of infectious diseases, neonatal disorders, and non-communicable diseases, leading to an increased number of surgical interventions. • The growing number of surgeries has directly boosted demand for surgical masks and other disposable protective gear. 2. Increasing Awareness of Hospital-Acquired Infections (HAIs) • HAIs pose a significant thr...
Read more