Ophthalmic Equipment Market: A Study of the Current Status and Future Prospects

The Global Ophthalmic Equipment Market research study published by Emergen Research is an extensive collection of insightful information about the Ophthalmic Equipment industry. The report covers the Ophthalmic Equipment Market segmentation along with a detailed outline of the Ophthalmic Equipment market size with regards to volume and valuation. The report provides comprehensive coverage of the Ophthalmic Equipment market scenario for the current period and forecast timeline of 2021-2030. The Ophthalmic Equipment market report contains an in-depth analysis of the historical, current, and projected revenues for every industry vertical, segment, end-use industries, applications, and regions.

The global ophthalmic equipment market size was USD 60.49 Billion in 2021 and is expected to register a revenue CAGR of 5.0% during the forecast period, according to latest analysis by Emergen Research. Rising prevalence of glaucoma, cataracts, and other ocular conditions, increasing need for Research & Development (R&D) due to prevalence of eye-related diseases, need for improved patient outcomes, and use of cutting-edge technologies are major factors driving market revenue growth. Ophthalmology deals with function, structure, and other diseases of eye. Ophthalmic devices are used to diagnose, monitor, and prevent eye disorders such as glaucoma and cataracts. In addition, market revenue growth is also driven by development of technologically advanced products and favorable reimbursement policies in a variety of optical procedures. Moreover, increasing research & development to treat eye problems such as diabetic retinopathy, vitreo retinal disorders, cataract, and other eye-based diseases is also expected to drive revenue growth of the market.

Factors influencing the growth of the Ophthalmic Equipment market and impacting the growth of the industry are studied extensively in the report. The report considers the COVID-19 pandemic as one of the key influencing factors of the Ophthalmic Equipment market. The report discusses in detail the positive and negative impact of the pandemic on the Ophthalmic Equipment industry. The supply chain disruptions and economic volatility have altered the dynamics of the Ophthalmic Equipment industry. The report explores the effects of the pandemic on the market and its key segments and regions. It also offers a forecast estimation of the market growth in a post-COVID-19 scenario.

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The content of each profile differs, depending on the organization. In general, a profile gives the following information:

Overview of the company’s Ophthalmic Equipment products & services

Analysis of recent financial performance–annual revenue of the companies

Assessment of developments–activities, acquisitions, production capacity, deals, new service offerings and collaborations

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The key companies studied in the report are:

Johnson & Johnson Vision Care, Alcon Vision LLC., Carl Zeiss Meditec AG, Bausch & Lomb Incorporated, Essilor International S.A., Ziemer Ophthalmic Systems Ltd., Nidek Co., Ltd., TOPCON Co., and Haag-Streit Group.

On the basis of regional analysis, the market is segmented into the following regions: North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The market is expected to be dominated by North American nations closely followed by European countries. Asia Pacific is expected to show a significant growth owing to recent advancements and rising investments in the R&D sector.

Segments Covered in this report are:

Medical Applications Outlook (Revenue, USD Billion; 2019-2030)
- Cataract
- Retinal Disorders
- Others

Product Type Outlook (Revenue, USD Billion; 2019-2030)
- Optical Coherence Tomography Scanners
- Ophthalmoscope
- Others

End-use Outlook (Revenue, USD Billion; 2019-2030)
- Hospitals
- Clinics
- Research Laboratory
- Others

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The report addresses the following key points:

The report estimates the expected market size from 2021-2030
The report provides a forecast of market drivers, restraints, and future opportunities for the Ophthalmic Equipment market
The report further analyses the changing market dynamics
Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
Extensive competitive landscape mapping with profiles of the key competitors
In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
Revenue forecast, country scope, application insights, and product insights

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