Global Ophthalmic Devices Market Set to Surge to USD 9.81 Billion by 2030, With High Growth in Optical Coherence Tomography and Cataract Applications

Dublin, Feb. 14, 2024 (GLOBE NEWSWIRE) -- The "Global Ophthalmic Devices Market by Product (Ophthalmic Ultrasound, Optical Coherence Tomography), Application (Cataract, End Use, Eye Clinics) - Forecast 2024-2030" report has been added to's offering.

The Ophthalmic Devices Market is witnessing remarkable growth with projections estimating a leap from USD 5.87 billion in 2023 to USD 9.81 billion by 2030, growing at a CAGR of 7.59%. The latest research publication added to our website uncovers an array of insightful data, including product development, application trends, and emerging market segments within the industry. Market Expansion Driven by Advanced Technologies and Increased Demand for Eye Care Services

The market is currently experiencing significant advancement in technologies such as Optical Coherence Tomography (OCT), which has become crucial for eye clinics globally. The rise in cataract applications and an increasing incidence of eye-related disorders are further propelling the demand for effective and advanced ophthalmic devices.

Ophthalmic Ultrasound and Optical Coherence Tomography (OCT) techniques are being extensively researched, contributing to the expansion and product innovation within the market. Technological advancements are anticipated to serve as a vital growth avenue, especially given the rapid development of OCT for precise ocular assessments.

Regional Insights and Competitive Landscape

The analysis encompassed in this study covers all key regions globally, from the bustling economies of the Asia-Pacific to the sophisticated medical frameworks of Europe, the Middle East, and Africa. The American market, with its various federal states including California and Texas, showcases significant market integration of ophthalmic devices. In the fiercely competitive arena, the report offers a comprehensive evaluation of prominent vendors leading the ophthalmic sector. These profiles showcase an array of strategies that these behemoths have employed to gain a foothold in the market.

Comprehensive Market Segmentation

The report segments the market based on various parameters, including product type and application. The study explores the vast expanse of the market, ranging from devices catering to glaucoma treatment to those designed for precision in cataract surgeries. The examination extends to various end-use environments like hospitals and eye clinics, highlighting the need for a specialized approach in every setting.

Industry-Leading Analysis to Guide Decision-Makers

With the intent to provide an invaluable resource for stakeholders, the report conveys insights into market penetration, development, diversification, and the competitive landscape. It is a go-to vehicle for businesses to ascertain their standing and identify growth opportunities and challenges in the ophthalmic devices terrain.

  • Market Penetration: Invaluable data on the performance of key players.
  • Market Development: Insight into promising emerging markets and mature sectors.
  • Market Diversification: Actionable intelligence on potential avenues for expansion.
  • Competitive Assessment & Intelligence: Detailed analysis of market shares and competitive strategies.
  • Product Development & Innovation: Updates on upcoming technologies and R&D activities.

The market dynamics depicted in this profound examination empower readers with strategic insights and actionable intelligence, defining the pathway to informed decision-making and strategic planning. For stakeholders and enterprises aiming to navigate the complexities of the ophthalmic devices market, this report serves as an indispensable planning tool that offers clarity on market trends, technological advancements, and the regulatory framework. Understand the significant potential for growth and innovation in the ophthalmic devices sector as we advance through the decade, leading up to 2030.

Key Topics Covered:

  1. Preface & Research Methodology
    • Objectives of the Study
    • Research Methodology Overview
  2. Executive Summary
  3. Market Overview
    • Introduction to Ophthalmic Devices Market
    • Regional Analysis
  4. Market Insights
    • Dynamics: Drivers, Restraints, Opportunities, Challenges
    • Segmentation & Trend Analysis
  5. Ophthalmic Devices Market Segmentation
    • By Product and Application
  6. Regional Analysis
    • Americas, Asia-Pacific, Europe, Middle East & Africa
  7. Competitive Landscape
    • FPNV Positioning Matrix
    • Market Share Analysis
    • Competitive Scenario Analysis

Key Attributes

Report AttributeDetails
No. of Pages185
Forecast Period2024 - 2030
Estimated Market Value (USD) in 2024$6.3 Billion
Forecasted Market Value (USD) by 2030$9.81 Billion
Compound Annual Growth Rate7.5%
Regions CoveredGlobal

Companies Mentioned

  • Alcon Vision LLC
  • Bausch & Lomb Incorporated
  • Bausch Health Companies Inc.
  • Canon Medical Systems Europe B.V.
  • Carl Zeiss Meditec AG
  • Essilor International S.A.
  • FCI Ophthalmics
  • Glaukos Corp.
  • Gulden Ophthalmics
  • Haag-Streit Group
  • Hoya Corporation
  • Konan Medical USA, Inc.
  • Leica Microsystems
  • Sonomed Escalon
  • STAAR Surgical
  • Topcon Corporation
  • Ziemer Ophthalmic Systems Ltd.

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Global Ophthalmic Devices Market

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