Diagnostic And Monitoring Ophthalmic Devices And Equipment Market
Medical Equipment

Global Diagnostic And Monitoring Ophthalmic Devices And Equipment Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends

The Global Diagnostic And Monitoring Ophthalmic Devices And Equipment Market Report by The Business Research Company covers diagnostic and monitoring ophthalmic devices and equipment market drivers and restraints, diagnostic and monitoring ophthalmic devices and equipment market size, major players, and the impact of COVID-19 on the diagnostic and monitoring ophthalmic devices and equipment market.

The diagnostic and monitoring ophthalmic devices and equipment market consists of sales of diagnostic and monitoring ophthalmic devices and equipment and related services by entities (organizations, sole traders and partnerships) that manufacture diagnostic and monitoring ophthalmic devices and equipment. The diagnostic and monitoring ophthalmic devices are used for the diagnosis and monitoring of diseases related to the retina and cornea by measuring affix lenses and refractive errors. These devices also help to identify the power of the intra ocular lens (IOLs) and analyze the visual field.

The global diagnostic and monitoring ophthalmic devices and equipment market is expected to decline from $5,449.5 million in 2019 to $4,213.7 million in 2020 at a growth compound annual growth rate (CAGR) of -22.7%. The decline is mainly due to lockdown and social distancing norms imposed by various countries and economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 4.6% from 2021 ad reach $6,572.8 million in 2023. The market is expected to reach $7,064.0 million in 2025, and $8,651.6 million in 2030.

Changes of working lifestyles towards digitalization of the workspace and rise in sedentary jobs are forcing people to spend long hours in front of a computer screen. This is in turn increasing the prevalence of ophthalmic diseases, such as dry eyes. Increasing cases of dry eyes owing to excessive time spent on electronic devices such as phones and computers has led to the development of the term “digital eye strain” or “computer vision syndrome.” It is increasingly becoming a widespread problem as more and more people are spending hours staring at computers, cellphones, and other electronic devices. According to a survey conducted by the Vision Council, almost 70% of US adults have experienced some of the symptoms of digital eyestrain. It is also found that people who use digital devices blink at a rate that is one-third less than normal. The continuous digitalization of the workplace is expected to be a major driver for the diagnostic and monitoring ophthalmic devices and equipment market.

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Some diagnostic and monitoring ophthalmic devices and equipment market trends include increasingly focusing on technological advancements in fundus cameras such as non-mydriatic cameras, hybrid cameras, and hand-held fundus cameras. Moreover, advanced eye care medical devices equipped with artificial intelligence (AI) and machine learning (ML) is the latest trend in the ophthalmic diagnostic and monitoring equipment market.

Global diagnostic and monitoring ophthalmic devices and equipment market segments include:

  • By Product Type: Ophthalmic Ultrasound Imaging Systems, Optical Coherence Tomographers, Fundus Cameras, Tonometers, Ophthalmoscopes, Slit Lamps, Others
  • By End User: Hospitals, Clinics, Diagnostic Laboratories, Research Centers
  • By Application: Retinal Evaluation, Glaucoma Detection And Monitoring, Surgical Evaluation, General Examination, Intraoperative Devices, Refraction Equipment
  • By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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The Diagnostic And Monitoring Ophthalmic Devices And Equipment Opportunities And Strategies: Forecast To 2030 is one of a series of new reports from The Business Research Company that provides diagnostic and monitoring ophthalmic devices and equipment market overviews, analyzes and forecasts market size, share, diagnostic and monitoring ophthalmic devices and equipment market players, diagnostic and monitoring ophthalmic devices and equipment market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.

The diagnostic and monitoring ophthalmic devices and equipment identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Where To Learn More:

Read Diagnostic And Monitoring Ophthalmic Devices And Equipment Opportunities And Strategies: Forecast To 2030 from The Business Research Company for information on the following:

Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries

Market Players Covered: Carl Zeiss Meditec AG, Alcon, Canon Inc., Topcon Corporation, NIDEK CO., LTD.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.

Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.

Strategies For Participants In The Diagnostic And Monitoring Ophthalmic Devices And Equipment Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.

Opportunities For Companies In The Diagnostic And Monitoring Ophthalmic Devices And Equipment Sector: The report reveals where the global industry will put on most $ sales up to 2023.

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