Impact Analysis of Covid-19

The complete version of the REPORT will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Ophthalmic Diagnostic Equipment Market – Insights

Ophthalmic diagnostic equipment is used in the diagnosis of ocular deformities and deficiencies of the eyes such as haloes, distorted vision, eyelid abnormalities, glaucoma, retinal disease, and cataract.

The global ophthalmic diagnostic equipment market is estimated to account for US$ 4,064.5 Mn in terms of value by the end of 2027.

Global Ophthalmic Diagnostic Equipment Market: Drivers

Increasing prevalence of glaucoma is expected to boost growth of the global ophthalmic diagnostic equipment market over the forecast period. For instance, according to The International Agency for the Prevention of Blindness, 80 million people are expected to suffer from glaucoma by 2020 compared to 20 million since 2010.

Moreover, decreasing prices of optical coherence topography (OCT) devices is also expected to propel growth of the market. For instance, the cost of a novel OCT system by Massachusetts Institute of Technology is less than US$ 10,000.

North America region held dominant position in the global ophthalmic diagnostic equipment market in 2018, accounting for 31.1% share in terms of volume, followed by Europe.

Figure 1. Global Ophthalmic Diagnostic Equipment Market Value (US$ Mn), by Region, 2018

Ophthalmic Diagnostics Equipment  | Coherent Market Insights

Global Ophthalmic Diagnostic Equipment Market: Restraints

Low presence of ophthalmologists, especially in the emerging economies is expected to hamper growth of the global ophthalmic diagnostic equipment market. For instance, in July 2019, the study, ‘Estimated number of ophthalmologists worldwide (International Council of Ophthalmology update): will we meet the needs?’ revealed that in 2015, there were an estimated 232,866 ophthalmologists in 194 countries, with a low mean density of 3.7 per million population in low-income countries compared to 76.2 in high-income countries.

Moreover, presence of few organizations offering case studies of ophthalmic patients that can help doctors to offer better and robust treatment to patients is also expected to hamper the market growth.

Global Ophthalmic Diagnostic Equipment Market: Opportunities

Increasing geriatric population is expected to offer lucrative growth opportunities for players in the global ophthalmic diagnostic equipment market. For instance, according to the World Health Organization, geriatric population is expected to reach 2 billion by 2050, up from 900 million in 2015.

Increasing use of AI in ophthalmology is expected to boost growth of the market. For instance, in November 2019, researchers from University of Tennessee reported development of an AI-enabled radar that may help provide better visual functional assessments of people with glaucoma.

Ophthalmic Diagnostics Equipment  | Coherent Market Insights

Optical Coherence Tomography (OCT) segment in the global ophthalmic diagnostic equipment market was valued at US$ 677.8 Mn in 2018 and is expected to reach US$ 1,138.0 Mn by 2027 at a CAGR of 6.3% during the forecast period.

Market Trends/Key Takeaways

Key players in the market are focused on raising funds to expand their product portfolio. For instance, in December 2019, Notal Vision, Inc. raised US$ 25 million to support the commercial growth of the company’s current service, ForeseeHome AMD Monitoring Program.

The market is also witnessing increasing number of clinical trials for evaluation of novel devices. For instance, in December 2019, Bausch + Lomb initiated a clinical trial to assess the safety and efficacy of a new cohesive ophthalmic viscosurgical device (OVD).

Global Ophthalmic Diagnostic Equipment Market: Competitive Landscape

Major players operating in the global ophthalmic diagnostic equipment market include, Notal Vision, Inc., Topcon Corporation, Bausch + Lomb, ZEISS International, Ellex, Quantel Medical, Nidek Co., Ltd., Haag-Streit Group, Halma plc., Coburn Technologies Inc., and Kowa Company Ltd.

Global Ophthalmic Diagnostic Equipment Market: Key Developments

Key players in the market are focused on product approval and launch to expand their product portfolio. For instance, in December 2018, Notal Vision, Inc. received breakthrough device designation for Notal Vision Home-based Optical Coherence Tomography (OCT) System from the U.S. Food and Drug Administration (FDA).

In December 2019, Bausch + Lomb launched enVista toric MX60ET hydrophobic acrylic intraocular lens with StableFlex technology for cataract surgery.

Ophthalmic Diagnostic Equipment used for diagnosis of eye disorders such as refractive errors, cataract, and others. Ophthalmic Diagnostic Equipment constitute of devices such as retinoscopes, visual field analyzers, fundus cameras, ophthalmoscopes, specular microscopes, tonometer, and others. Increasing incidences of eye disease and vision loss have led to introduction of new technologies is anticipated to assist the growth of the market during the forecast period.

Key features of the study:

  • This report provides in-depth analysis of the Ophthalmic Diagnostic Equipment market and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2019–2027), considering 2018 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategy adopted by key players
  • It profiles key players in the global Ophthalmic Diagnostic Equipment market  based on the following parameters – company overview, financial performance, product portfolio, market presence, distribution strategies, key developments, strategies, and future plans
  • Key companies covered as a part of this study include Notal Vision, Inc., Topcon Corporation, Bausch + Lomb, ZEISS International, Ellex, Quantel Medical, Nidek Co., Ltd., Haag-Streit Group, Halma plc., Coburn Technologies Inc., and Kowa Company Ltd.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
  • The global Ophthalmic Diagnostic Equipment market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global Ophthalmic Diagnostic Equipment market

Detailed Segmentation:

Scope of the report

  • Ophthalmic Diagnostic Equipment Market, By Product Type:
    • Fundus Cameras
    • Retinal Ultrasound Imaging Systems
    • Refractors
    • Slit Lamps
    • Perimeters
    • Ophthalmoscopes
    • Tonometer
    • Optical Coherence Tomography (OCT)
    • Corneal Topography Systems
  • Ophthalmic Diagnostic Equipment Market, By End User:
    • Hospitals
    • Clinics
    • Ambulatory Surgical Centers
  • Ophthalmic Diagnostic Equipment Market, By Region:
    • North America
      • By Product Type:
        • 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
      • By Country:
        • U.S.
        • Canada
    • Latin America
      • By Product Type:
        • 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
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Product Type:
        • 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
      • By Country:
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Product Type:
        • 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
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Product Type:
        • 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
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Product Type:
        • 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
      • By Country:
        • South Africa
        • Central Africa
        • North Africa
  • Company Profiles
    • Notal Vision, Inc.*
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Overview
      • Strategies
    • Topcon Corporation
    • Bausch + Lomb
    • ZEISS International
    • Ellex
    • Quantel Medical
    • Nidek Co. Ltd.
    • Haag-Streit Group
    • Halma plc.
    • Coburn Technologies Inc.
    • Kowa Company Ltd.

 “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By End User
      • Market Snippet, By Region Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Technological Advancements
    • Key Highlights
    • Product launch
    • Regulatory Scenario
    • PEST Analysis
    • Mergers and Acquisitions
  4. Global Ophthalmic Diagnostic Equipment Market, By Product Type, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Fundus Cameras
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
    • Retinal Ultrasound Imaging Systems
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
    • Refractors
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
    • Slit Lamps
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
    • Perimeters
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
    • Ophthalmoscopes
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
    • Tonometer
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
    • Optical Coherence Tomography (OCT)
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
    • Corneal Topography Systems
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
  5. Global Ophthalmic Diagnostic Equipment Market, By End User, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Hospitals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
    • Clinics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
    • Ambulatory Surgical Centers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
  6. Global Ophthalmic Diagnostic Equipment Market, By Region, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, By Region, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, For Regions, 2017–2026
    • North America
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Million)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Million)
        • U.S.
        • Canada
    • Latin America
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Million)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Million)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Million)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Million)
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Million)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Million)
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of APAC
    • Middle East
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Million)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Million)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Million)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Million)
        • South Africa
        • Central Africa
        • North Africa
  7. Competitive Landscape
    • Company Profiles
      • Notal Vision, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Topcon Corporation
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Bausch + Lomb
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • ZEISS International
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Ellex
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Quantel Medical
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Nidek Co. Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Haag-Streit Group
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Halma plc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Coburn Technologies Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Kowa Company Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 42 market data tables and 44 figures on “Ophthalmic Diagnostic Equipment Market - Global forecast to 2027”.

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