Ophthalmic Diagnostic Equipment Market To Surpass US$ 4,064.5 Million By 2027


Posted June 14, 2021 by SANJAYCMI

“Coherent Market Insights “OPHTHALMIC DIAGNOSTICS EQUIPMENT MARKET – GLOBAL TRENDS, ESTIMATES AND FORECASTS, 2020-2027″

 
Ophthalmic diagnostic equipment are used for treatment of eye diseases and include fundus cameras, optical coherence tomography scanners, ophthalmic ultrasound imaging systems, tonometers, slit lamps, and corneal topographers. Other devices include refractive devices, vitreoretinal surgery devices, and cataract and glaucoma devices.

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 incidence of refractive errors, cataract, diabetic retinopathy, and age-related macular degeneration is expected to propel growth of the global ophthalmic diagnostic equipment market over the forecast period. For instance, according to the study, ‘The national and subnational prevalence of cataract and cataract blindness in China: a systematic review and meta-analysis’, published in the Journal of Global Health in June 2018, the prevalence of any cataract ranged from 6.71% in people aged 45-49 years to 73.01% in elderly aged 85-89 years in males.

Global Ophthalmic Diagnostic Equipment Market: Opportunities

Increasing initiatives of various organizations to raise funding for R&D in eye care is expected to offer lucrative growth opportunities for market players. For instance, in December 2019, Orbis International announced the launch of its Silicon Valley Orbis Innovation Fund to raise US$ 8 million for R&D in quality eye care and ophthalmological training.

* The sample copy includes: Report Summary, Table of Contents, Segmentation, Competitive Landscape, Report Structure, Methodology.

Request a sample copy of this report: https://www.coherentmarketinsights.com/insight/request-sample/3207

Global Ophthalmic Diagnostic Equipment Market: Restraints

High cost of swept-source optical coherence tomography (OCT) is expected to hinder growth of the global ophthalmic diagnostic equipment market.

Key Takeaways:

The 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. The growth of the segment is attributed to increasing technological advancement for development of new product.

The hospitals segment held dominant position in the global ophthalmic diagnostic equipment market in 2018, accounting for 43.2% share in terms of volume, followed by clinics respectively. The growth of the segment is attribute to increasing patient population during the forecast period.

Market Trends

The global ophthalmic diagnostic equipment market is witnessing increasing M&A activities. For instance, in October 2019, SP Industries, Inc., a Harbour Group company, acquired Irta Dosificacio I Technologia S.L. i-Dositecno – a provider of complete sterile filling lines for pharmaceutical, cosmetic, and ophthalmic applications.

Browse Research Report: https://www.coherentmarketinsights.com/market-insight/ophthalmic-diagnostics-equipment-market-3207

Key players in the market are focused on offering free cloud storage for OCT devices. For instance, in December 2018, Topcon Medical Systems began offering 20GB of free storage on the new Topcon Cloud platform for its OCT product line.

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 gaining product approval to expand their product portfolio. For instance, in October 2019, Avellino Labs’ AvaGen Genetic diagnostic test for keratoconus and corneal dystrophies received CLIA certification.

Key players in the market are focused on adopting partnership strategies to expand their product portfolio. For instance, in October 2019, TECLens, a medical device manufacturer, partnered with SERVImed Industrial Spa, an ophthalmic medical devices manufacturer and distributor, for development and FDA approval of a new combination product for the treatment of keratoconus.

Buy-Now this research report: https://www.coherentmarketinsights.com/insight/buy-now/3207

About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:
mailto:[email protected]
U.S. Office:
Name: Mr. Shah
Coherent Market Insights 1001 4th Ave,
# 3200 Seattle, WA 98154, U.S.
US : +1-206-701-6702
UK : +44-020-8133-4027
JAPAN : +050-5539-1737
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By Coherent Market Insights
Phone +1-206-701-6702
Business Address 1001 4th Ave
# 3200 Seattle, WA 98154, U.S.
Country United States
Categories Health , Marketing , Research
Tags ophthalmic diagnostics equipment , ophthalmic diagnostics equipment market , ophthalmic diagnostics equipment market overview
Last Updated June 14, 2021