Increasing Demand for Ophthalmic Devices Coupled with New Launch to Boost the Global Ophthalmic Devices Market

Published: May 2022

The global ophthalmic devices market is anticipated to grow at a significant CAGR of 9.7% during the forecast period.  Government initiatives are expected to play a vital role in the growth of the ophthalmic devices market in the near future. For instance, VISION 2020, the Right to Sight initiative started by the Government of India aims to eliminate avoidable blindness by 2020. It is a key driver of the WHO and the International Agency for the Prevention of Blindness (IAPB) joint global initiative for eliminating avoidable blindness. Under this initiative, international non-governmental organizations (INGO), Non-governmental organizations (NGOs), eye care organizations in India, and the Government are collaborating to coordinate and support improved eye care programs and increase awareness among the population. Countries such as South Africa, Brazil, UAE, and others also have government support programs to support vision health by 2020.

Browse the full report description “Global Ophthalmic Devices Market Size, Share & Trends Analysis by Devices (Surgical devices, Diagnostic and Monitoring Devices, and Vision Correction Devices) Forecast Period (2022-2028)” at https://www.omrglobal.com/industry-reports/ophthalmic-devices-market  


The key companies operating in the industry are highly inclined towards the adoption of different growth strategies including capacity expansion, partnerships, mergers and acquisitions, geographical expansion, new product launches, and product innovation to remain competitive in the marketplace. For instance, in November 2021, RetinAI Medical AG and Heidelberg Engineering announced a partnership that will allow Heidelberg Engineering’s customers to utilize RetinAI’srange of artificial intelligence analysis tools in combination with high-quality OCT images. In November 2021, Heidelberg Engineering launched the Spectralis platform with shift technology, to develop synergies that boost productivity in both OCT and OCTA and present images with higher detail. Further, in September 2021, Haag Streit UK launched the MR Q Combo, a specially-designed slit lamp integrating a short-pulse laser for the treatment of anterior and retinal conditions. The slit lamp provides the option to combine the MR Q YAG 1064nm laser with a Merilas 532a, Merilas 532nm, or a Merilas 577nm short-pulse laser.

Market Coverage

  • The market number available for – 2021-2028
  • Base year- 2021
  • Forecast period- 2022-2028

Segment Covered- 

  • By Devices 

Regions Covered-

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

Competitive Landscape- Canon Medical System USA, Inc., Heidelberg Engineering GmbH., HEINE Optotechnik GmbH & Co. KG, and Johnson & Johnson Services Inc. among others. 

Key questions addressed by the report

  • What is the market growth rate?
  • Which segment and region dominate the market in the base year?
  • Which segment and region will project the fastest growth in the market?
  • How has COVID-19 impacted the market?

oDeviation from the pre-COVID-19 forecast

oMost affected region and segment

  • Who is the leader in the market?
  • How are players addressing challenges to sustain growth?
  • Where is the investment opportunity?

Global Ophthalmic Devices Market Report Segment

By Device

  • Surgical Devices
  • Glaucoma Drainage Devices
  • Glaucoma Stents And Implants
  • Intraocular Lenses, Lasers
  • Other Surgical Devices
  • Diagnostic And Monitoring Devices
  • Autorefractors And Keratometers
  • Corneal Topography Systems
  • Ophthalmic Ultrasound Imaging Systems
  • Ophthalmoscopes
  • Optical Coherence Tomography Scanners
  • Other Diagnostic And Monitoring Devices
  • Vision Devices
  • Spectacles
  • Contact Lenses

Global Ophthalmic Devices Market Report Segment by Region

North America

  • United States
  • Canada

Europe

  • UK
  • Germany
  • Italy
  • Spain
  • France
  • Rest of Europe 

Asia-Pacific

  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific 

Rest of the World

  • Latin America 
  • Middle East & Africa

To learn more about this report request a free sample copy @ https://www.omrglobal.com/industry-reports/ophthalmic-devices-market