Menu ×


Global Ophthalmology Equipments Market Analysis & Opportunity Outlook 2021

  • Report ID: 79
  • Text Size:

Extensive insights into the Growth of Ophthalmology Equipments Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

Read More

Ophthalmology is a medical procedure which deals with diagnosis, prevention, treatment of diseases related to eye and the visual system.

The global ophthalmology devices market is anticipated to expand from USD 29.4 Billion in 2014 to reach USD 49.0 Billion in 2020, exhibiting a compound annual growth rate (CAGR) of 8.89%. Regionally, the global ophthalmology market is segmented into North America, Latin America, Western and Eastern Europe, Asia-Pacific, Middle East and Africa and Rest of World.    

Market Size and Forecast

North America holds the first rank in global ophthalmology market at present. The market of ophthalmology devices in the region is projected to swell from USD 11,451.0 Million in 2014 to USD 16, 243 Million by 2020, registering a CAGR of 6.0%.

Following North America, Europe is the second largest market for the ophthalmology devices. Europe has many big markets for the devices but Germany is the largest revenue generator in ophthalmology devices followed by Italy and the U.K. 

Furthermore, Asia-Pacific is anticipated to witness the highest growth in ophthalmology market during the forecast period i.e. 2015-2021. The market in the region is expected to prosper from increasing cases of eye diseases along with rising government support for development of ophthalmology devices in countries such as China and India. In addition to that expansion of greying population in Japan is also projected to garner the ophthalmology market in Asia over coming 5-6 years. CLICK TO DOWNLOAD FREE SAMPLE REPORT

Market Segmentation

By Devices

  • Contact lens
  • Optical Coherence Tomography (OCT) Scanner
  • Canaloplasty device
  • Glaucoma drainage device
  • Phoropter
  • Retinoscope
  • Viscoelastics devices
  • Ophthalmoscopes
  • Phoropters
  • Tonometers
  • Others

By Drugs

  • Dry eye drugs
  • Anti-glaucoma
  • Anti-allergy/inflammatory drugs
  • Retinal Drugs

The study further analysis the Y-O-Y Growth, demand & supply and forecast future opportunity in North America (United States, Canada), Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa).

Growth Drivers and challenges

Rapid expansion of aging population coupled with bolstered ENT medical issues due to change in lifestyles and increasing innovations in ophthalmology devices etc. are few factors to bolster the growth of global ophthalmology market over the forecast period i.e. 2015-2021.

In addition to that, rising government initiatives to improve health infrastructure in developing economies and emphasis on healthcare insurances are expected to drive the global ophthalmology market in future.

However, high cost associated with ophthalmology devices and dumping low-quality ophthalmology devices at a cheaper rate in international market by China are few of the reasons hampering the growth of global ophthalmology market over next few years.

Key Players

Global ophthalmology market includes some of the major players such as

  • Novartis
  • Bausch & Lomb
  • Nidek Corporation
  • Carl Zeiss Meditec AG
  • Hoya Corporation
  • Pfizer
  • Allergan
  • Santen Pharmaceutical Co. Ltd.
  • Abbott Medical Optics
  • Topcon Medical Systems, Inc.
  • Others


Related Reports

Disclaimer | Privacy Policy | Terms & Conditions

Copyright © 2020 Research Nester. All Rights Reserved