The global ophthalmic diagnostic equipment market is expected to exhibit opulent growth opportunities, expanding at a CAGR of 6.7% from US$ 3.0 Billion in 2022 to US$ 5.1 Billion by 2030.
The global ophthalmic diagnostic equipment market contributed more than 5.5% of the ophthalmic devices market, which is expected to be worth approximately USD 55.0 billion in 2021.
According to FMI, the market for ophthalmic diagnostic equipment is expected to grow by 44 basis point share (BPS) from H1-2021 to H1-2022(O). However, a comparison of the projected and outlook growth rates for H1-2022 revealed a 10 BPS decrease in growth rate.
To Get Sample Copy of Report visit@ https://www.futuremarketinsights.com/reports/sample/rep-gb-771
Key Takeaways
- Globally, the number of people suffering from serious eye diseases is increasing, making vision loss a major public health issue. As the population has grown, so has the prevalence of eye diseases, as chronic diseases such as diabetes and hypertension have become more common, leading to issues such as glaucoma or vision impairment.
- In the coming years, the number of people who are blind or have impaired vision will rise. With the increasing prevalence of eye disorders and the resulting increase in disability-adjusted life years (DALYs), the demand for precise disease treatment is expected to rise in the coming years.
- Increasing technological advancements in analytical methods aid in improved quantification and characterization by providing high-resolution cross-sectional 3D images of the target tissue, which are difficult to view with a conventional microscope. The ophthalmic diagnostic equipment market is experiencing a surge as a result of such high-tech equipment.
- Technological advancements have improved quantification, and intraoperative optical coherence tomography (OCT) aids accurate decision-making during eye surgery by providing real-time imaging with simultaneous feedback features.
- The increased demand for optical coherence topography devices has increased competition among players. As a strategy to reach a larger audience, various players/manufacturers have reduced the costs of their devices, resulting in the adoption of these devices by doctors in both emerging and developed economies. In the near future, this factor is expected to drive demand for these devices in emerging economies.
Ask Our Analyst More about Report@ https://www.futuremarketinsights.com/ask-question/rep-gb-771
Competitive Landscape
TOPCON CORPORATION, ZEISS International, Ellex, Quantel Medical, NIDEK CO., LTD., HAAG-STREIT GROUP, Halma plc, Coburn Technologies Inc., Kowa Company Ltd. are some of the key companies profiled in the full version of the report.
Major players in the ophthalmic diagnostic equipment market are focusing on expanding their global and regional footprints through strategic acquisitions and mergers, as well as operational expansion.
The key strategies for companies in the ophthalmic diagnostic equipment market are new product innovations and launches, regulatory approvals, and acquisitions. Key players are focusing on the development of advanced and cost-effective products, as well as the establishment of distribution agreements, in order to expand their geographic reach, particularly in the Asia Pacific region. Furthermore, companies are establishing manufacturing units in Asia in order to reduce manufacturing costs.
More Insights into Ophthalmic Diagnostic Equipment Market
The US is expected to dominate the ophthalmic diagnostic equipment market, accounting for more than 89.2% of the North American region. Because of the increased prevalence of refractive error disorders, the increased number of eye condition awareness programmes, and the increased use of superior diagnostic technology, all of these factors are contributing to this rise.
In 2021, Germany will account for approximately 28.6% of the Western European market. Cataract surgery is one of the most common surgical procedures in Europe, according to Eurostat. The growing number of cataract operations has had a significant impact on the ophthalmic industry, driving up demand for cataract surgery equipment and medications.
In 2021, China will account for approximately 40.4% of the APEJ region. Factors such as an increasing elderly population suffering primarily from poor eyesight and other eye-related diseases such as glaucoma and cataract contributed to market growth in this region.
India accounted for 13.1% of the APEJ market in 2021 and is expected to continue in this trend in the coming years. Ophthalmology-related disorders are on the rise in India. Every year, nearly 5 million cataract procedures are performed in India. The majority of these procedures involve the implantation of intraocular lenses.
Buy Complete Report@ https://www.futuremarketinsights.com/checkout/771
Ophthalmic Diagnostic Equipment Market by Category
By Product:
- Fundus Cameras
- Retinal Ultrasound Imaging Systems
- Refractors
- Slit Lamps
- Perimeters
- Ophthalmoscopes
- Tonometer
- Optical Coherence Tomography (OCT)
- Corneal Topography Systems
By End user:
- Hospitals
- Clinics
- Ambulatory Surgical Centers
Other Healthcare Reports:
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact:
Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse All Reports: https://www.futuremarketinsights.com/reports
LinkedIn| Twitter| Blogs