Global Ophthalmic Diagnostic Equipment Market Outlook 2030: Market Segmentation Based on Lenses, Based on Diagnostic Devices & by Region with Forecast 2017-2030

Global Ophthalmic Diagnostic Equipment Market Overview

In 2010, as per the World Health Organization (WHO), 285 million are visually impaired people across the globe which included 39 million blind people. Among all eye diseases, nearly 15 million people are affected by cataract out of 39 million blind people in the world. Rising frequency of eye problems across the globe is increasing the demand for effective eye treatments which is eventually accelerating the demand for ophthalmic diagnostic equipments. Health education and logistic supply of medicines in among population of developing nation is expected to bring prospective business opportunities for ophthalmic diagnostic equipments.

As per WHO, reduction in the number of people visually impaired from infectious diseases is observed in past 20 years. Governments are also taking several initiatives and establishing national programmes and regulations for the prevention and control of visual impairment. For instance, China has invested over USD 100 million in cataract surgeries in last 10 years. Brazilians government is providing eye care services for elderly people and for school children. Such initiatives in the prevention of blindness and visual impairment are expected to propel the demand for ophthalmic diagnostic equipments in the near future.

Global Ophthallmic Diagnostic Market Segmentation

Global Ophthalmic Diagnostic Equipment Market is segmented on the following basis:

Based on Lenses

• Contact Laser lenses
• Diagnostic Lenses
• Indirect BIO Lenses
• Indirect Surgical Lenses
• Slit Lamp Lenses

Based on Diagnostic Devices

• Fixation Devices
• Auto Refractometer
• Ultra-Sound Device
• Ophthalmoscopes
• Fundus Cameras
• Tonometer
• Optical Coherence Tomography (OCT)
• Optical Biometry Devices

Based on Country

• North America (U.S. & Canada) {Market Size (USD Billion), Growth Analysis (%) and Sales (In Units)}
•  Latin America (Brazil, Mexico & Rest of Latin America)         {Market Size (USD Billion), Growth Analysis (%) and Sales (In Units)}
• Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden & RoE) {Market Size (USD Billion), Growth Analysis (%) and Sales (In Units)}
• Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) {Market Size (USD Billion), Growth Analysis (%) and Sales (In Units)}
• Middle East & Africa (GCC, South Africa, North Africa, RoMEA) {Market Size (USD Billion), Growth Analysis (%) and Sales (In Units)}
•  Rest of World {Market Size (USD Billion), Growth Analysis (%) and Sales (In Units)}

Market Size and Forecast (2017-2030)

Increasing frequency of eye-related disorders, such as glaucoma and diabetic retinopathy are impacting the demand for ophthalmic diagnostic equipment across the globe. Global ophthalmic diagnostic equipment is projected to grow at a CAGR of 4.30% through the forecast period of 2017-2030.

North America has dominated ophthalmic diagnostic equipment market with over 33% value share in 2016 and is expected to remain dominant region throughout the forecast period. Developed nations such as Germany, France, Spain, Singapore and Japan together accounted for nearly 40% revenue share of global ophthalmic diagnostic equipment market.

Rising awareness about the need for early detection of refractive errors amongst physicians is fuelling the demand for ophthalmic diagnostic equipments in Asia-Pacific region. Asia-Pacific ophthalmic diagnostic equipment market is projected to expand at notable pace mainly due to large population base in countries such as China and India. India is home for approximately 30 percent of the world’s blind population which is creating a huge necessity for ophthalmic care in the region.

Around 40% of blind cases in Africa are caused due to cataract. More than 60% of the populations in Africa are suffering from visual impairment and blindness as they do not wear glasses. Low income of the nation and lack of medical facilities in Africa and Latin America is hindering the growth of ophthalmic diagnostic equipment market in the region.

Market Drivers and Challenge

Participation of public in health discussion and making favorable decision is increasing awareness amongst consumers about the early detection of visual impairments and refractive errors. Growing health awareness, less painful treatment and quicker eye surgery are key factors accelerating the growth of ophthalmic diagnostic equipment market.

One of the biggest challenges for the growth of ophthalmic diagnostic device is their longevity. Ophthalmic device are likely to be replaced if any new device or technology is introduced into the market. This is restraining the adoption of advance ophthalmic devices in developing nations. High initial cost, lack of awareness and availability of advance technologies mainly in tropical countries are also hindering the growth of ophthalmic diagnostic equipment market.

Covered in this Global Opthalmic Diagnostic Equipment Market Report

Market Synopsis

Market Segmentation

The Global Ophthalmic Diagnostic Equipment Market is segmented as follows:

• By Lenses (Market Size, Demand Analysis and Growth Analysis)
• By Diagnostic Devices (Market Size, Demand Analysis and Growth Analysis)

By Regions

• North America (U.S., Canada) {Market Size, Growth Analysis and Opportunity Analysis}

• Latin America (Argentina, Mexico, Brazil and Rest of Latin America) {Market Size, Growth Analysis and Opportunity Analysis}
• Europe (Germany, Italy, Spain, France, The U.K., Netherlands, Sweden, Hungary, Russia, Poland, Rest of Europe) {Market Size, Growth Analysis and Opportunity Analysis}
• Asia-Pacific (China, India, Singapore, Japan, Hong-Kong, Australia, New Zealand, South Korea and Rest of Asia Pacific) {Market Size, Growth Analysis and Opportunity Analysis}
• Middle East and North Africa (MENA) {Market Size, Growth Analysis and Opportunity Analysis}
• Rest of World  {Market Size, Growth Analysis and Opportunity Analysis}

Market Dynamics: Growth Drivers, Restraints and Opportunities

• Risk Factors

• Regional Variations
• Recent Trends and Developments

Key Market Players

• Bausch & Lomb

• Synopsis
• Business Strategy
• Product Portfolio
• SWOT Analysis

• Topcon
• Carl Zeiss Meditec
• Nidek Co. Ltd
• Halma plc
• Abbott Medical Optics, Inc.
• Alcon, Inc.
• Optos
• Haag-Streit
• Reichert
• Optovue

Porter’s Five Force Model

Market Landscape: Competition and Beyond

Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem

Expert Analysis

Concluding Remarks