DUBLIN--(BUSINESS WIRE)--The "Ophthalmic Equipment Market by Product - Global Forecasts to 2023" report has been added to ResearchAndMarkets.com's offering.
The ophthalmic equipment market is expected to reach USD 58.44 billion by 2023 from USD 49.30 billion in 2018, at a CAGR of 3.5%.
The growth of this market is primarily due to the rapid growth in the geriatric population, rising prevalence of eye diseases, technological advancements in ophthalmic devices, increasing government initiatives to control visual impairment, and increasing adoption of contact lenses and spectacles. However, the high cost of ophthalmology devices and increasing adoption of refurbished ophthalmic devices is expected to hinder the growth of this market up to a certain extent.
Based on type, the glaucoma surgical devices market is segmented into glaucoma drainage devices (GDDs), glaucoma laser systems, and microinvasive glaucoma surgical devices. The microinvasive glaucoma surgical devices segment is expected to register the highest CAGR during the forecast period owing to the increasing number of microinvasive glaucoma surgeries performed across the globe and the development of microincision glaucoma surgical devices.
On the basis of type, the refractive surgical devices market is segmented into femtosecond lasers, excimer lasers, and other refractive surgical lasers. The femtosecond lasers segment accounted for the major share of the refractive surgical devices market in 2017. The large share of this segment can be attributed to the widespread adoption of femtosecond lasers in the growing number of LASIK procedures performed across the globe and technological advancements in femtosecond lasers.
The prominent players in the ophthalmic equipment market are Essilor (France), Alcon (Switzerland), Johnson & Johnson Vision Care (US), Bausch + Lomb (US), Haag-Streit (Switzerland), TOPCON (Japan), Carl Zeiss Meditec (Germany), NIDEK (Japan), STAAR Surgical (US), HOYA (Japan), and Ziemer Ophthalmic Systems (Switzerland).
Key Topics Covered
1 Ophthalmic Equipment Market: Introduction
2 Ophthalmic Equipment Market: Research Methodology
3 Ophthalmic Equipment Market: Executive Summary
4 Ophthalmic Equipment Market: Premium Insights
5 Ophthalmic Equipment Market: Overview
6 Industry Insights
7 Ophthalmic Equipment Market, by Product
8 Ophthalmic Equipment Market, by End User
9 Ophthalmic Equipment Market, by Region
10 Ophthalmic Equipment Market, Competitive Landscape
11 Company Profiles
- Bausch + Lomb
- Carl Zeiss Meditec
- Johnson & Johnson
- Staar Surgical
- Ziemer Ophthalmic Systems
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