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.
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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
Segment Covered-
Regions Covered-
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
oDeviation from the pre-COVID-19 forecast
oMost affected region and segment
Global Ophthalmic Devices Market Report Segment
By Device
Global Ophthalmic Devices Market Report Segment by Region
North America
Europe
Asia-Pacific
Rest of the World
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