Ophthalmic Diagnostic Equipment Market - Increasing Prevalence of Refractive Errors, Diabetic Retinopathy and Glaucoma to Drive Market Growth: Global Industry Analysis and Opportunity Assessment 2015 - 2025

  • Published: 2016-01-05
  • Report Code: REP-GB-771

An Incisive, In-depth Analysis on the Ophthalmic Diagnostic Equipment Market

This study offers a comprehensive, 360 degree analysis on the Ophthalmic Diagnostic Equipment market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Ophthalmic Diagnostic Equipment market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

Introduction

Ophthalmic devices are medical devices used to identify ocular defects or deficiencies and treat eye disorders. As a result of the constant advancements in ophthalmic technology for effective treatment of eye diseases and restoration of vision, increasing number of people are opting for ophthalmic surgeries for rectifying eye-related disorders. As per the World Health Organization (WHO) 2010 estimates, there were 285 Mn visually impaired people across the globe in 2010, which included 39 Mn blind people, of whom around 80% were above the age of 50 years. Ophthalmology is the branch of medical science that deals with the anatomy, physiology and disease of the eye. There are various diagnostic equipment that are used to diagnose a wide range of ophthalmic conditions and provide vision solution. These equipment are simple to use for healthcare professionals.     

Market Value and Forecast

The global ophthalmic devices market was valued at US$ 10,400 Mn in 2014. In 2014, the ophthalmic diagnostic equipment segment was valued at US$ 2,080 Mn, accounting for 20% of the global ophthalmic devices market. Revenue contribution by the ophthalmic diagnostic equipment segment to the global ophthalmic devices market is expected to increase to US$ 3,656.0 Mn by the end of 2025, expanding at a CAGR of 5.4% in terms of value during 2015–2025. Increasing prevalence of eye-related disorders, such as refractive errors, glaucoma and diabetic retinopathy, is expected to positively affect growth of the ophthalmic diagnostic equipment market across the globe in the coming years.

Market Dynamics

Currently, the ophthalmic diagnostic equipment market is driven by various factors, including aging population, technological advancements in the healthcare industry around the globe, rising incidences and prevalence of eye conditions and diseases, higher adoption of retinal implants, technological advancements in handheld devices for detecting glaucoma and macular degeneration, speedy market approvals of these devices, higher awareness about the same through education and increasing research and development activities. However, rising healthcare cost containment pressure and tax reforms, coupled with increased regulatory compliance norms, are major factors that are hampering the market growth currently.

Market Segmentation by Product

Based on the product type, the market has been segmented into nine segments, namely ophthalmoscope, slit lamps, fundus camera, perimeter, retinal ultrasound imaging system, tonometer, refractor, optical coherence tomography and corneal topography system.

Ophthalmic Diagnostic Equipment Market Segmentation by Product

Market Segmentation by Regions

The global ophthalmic diagnostic equipment market has been segmented into seven major regions namely North America, Latin America, Eastern Europe, Western Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East & Africa. In terms of value, North America is estimated to dominate the market with 31.0% share of the overall ophthalmic diagnostic equipment market by 2015 end. Latin America and APEJ are estimated to be the fastest growing markets among the emerging regions, while market in Western Europe is expected to expand at a healthy CAGR during the forecast period.

Key players

Key market players covered in this report are TOPCON CORPORATION, Carl Zeiss Vision International GmbH, Ellex, Quantel Medical Inc, NIDEK CO., LTD, HAAG-STREIT GROUP, Halma plc, Coburn Technologies Inc. and Kowa Company Ltd. Major players in the ophthalmic diagnostic equipment market focus on enhancing their global and regional presence through strategic acquisitions and mergers, and operational expansion. 

In order to treat several eye related disorders, increasing number of population are opting for ophthalmic surgeries. Technology advancements in healthcare sector has revolutionized traditional way of treating disorders. Future Market Insights (FMI) published a 10-year forecast of global ophthalmic diagnostic equipment market for the period 2015-2025 which has crossed a value of US$ 10 Mn in 2014. The prime objective of the report is to offer key insights and new developments fuelling the growth of global ophthalmic diagnostic equipment market.

Report Description

In the beginning of the FMI report, an overview of the global ophthalmic diagnostic equipment market is provided. For a comprehensive understanding, the report analyses key drivers, restraints, and trends to identify potential growth opportunities of the global ophthalmic diagnostic equipment market. The report includes impact analysis on drivers and trends influencing the ophthalmic diagnostic market which equips the clients with better decision-making insights. Furthermore, it offers market value and detailed taxonomy for the forecast period. The dynamic analysis of the global ophthalmic diagnostic equipment also include market trends and historic as well as current price estimation of the market.

In the following section of the report, segmentation of the global ophthalmic diagnostic equipment market for an extensive understanding. It also covers the market performance in terms of revenue split and key insights into multiple segments, sub-segments, and categories of the market. Major segments of the global ophthalmic diagnostic equipment market demonstrated in the report are product type and region.

On the basis of product type, global ophthalmic diagnostic equipment market is further divided into:

  • Fundus Cameras
  • Retinal Ultrasound Imaging Systems
  • Refractors
  • Slit Lamps
  • Perimeters
  • Ophthalmoscopes
  • Tonometer
  • Optical Coherence Tomography (OCT)
  • Corneal Topography Systems 

 To understand relative contribution of individual segment to the growth of global ophthalmic equipment market, the segments are studied in terms of basis point share (BPS). Additionally, the report includes market value share, year-on-year (Y-o-Y) growth rate, trends, and attractiveness analysis of each product type.

In the next section, regional analysis of the global ophthalmic diagnostic equipment is provided. Apart from share value analysis, the report includes analysis of product type in each main region and their respective countries. Furthermore, it mentions the impact analysis on drivers and trends influencing the regional growth of ophthalmic diagnostic equipment market and also highlights the absolute dollar opportunity. Regional segmentation of the global ophthalmic diagnostic equipment market includes:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific Excluding Japan (APEJ)
  • Japan
  • Middle East & Africa

Research Methodology

All the above section of the market intelligence on global ophthalmic diagnostic equipment market evaluate the current scenario and growth prospects during the forecast period. Overall market size, top products, and top industry players, are estimated through an in-depth secondary research. It is followed by a primary research on the market segmentation, growth projection, and present and future potential of the global ophthalmic diagnostic equipment market.

Revenue generation of the sales of different ophthalmic diagnostic equipment has been considered to calculate the market size. To offer an accurate forecast, historical trend of the global ophthalmic diagnostic equipment market is examined and the total market revenue is assessed by sizing the current market. It is important to note that the 10-year forecast of the global ophthalmic diagnostic equipment market for the period 2015-2025 is not only conducted in terms of CAGR but also explored its key parameters such as y-o-y growth rate to predict the reliable opportunities. Furthermore, market value forecast and share & attractiveness index is developed to understand the key growth segments. Moreover, these factors aid in the accurate prediction of current and future market value potential of global ophthalmic diagnostic equipment market.

Ophthalmic Diagnostic Equipment Market Reports - Table of Contents

Ophthalmic Diagnostic Equipment Market Reports - List of Tables

Table 1: Global Ophthalmic Diagnostic Equipment Market Value (US$ Mn) By Product, 2014-2025

Table 2: Global Ophthalmic Diagnostic Equipment Market Volume (Units) By Product, 2014-2025

Table 3: Global Ophthalmic Diagnostic Equipment Market Value (US$ Mn) By Region, 2014-2025

Table 4: Global Ophthalmic Diagnostic Equipment Market Volume (Units) By Region, 2014-2025

Table 5: North America Ophthalmic Diagnostic Equipment Market Value (US$ Mn) By Country, 2014–2025

Table 6: North America Ophthalmic Diagnostic Equipment Market Volume (Units) By Country, 2014–2025

Table 7: North America Ophthalmic Diagnostic Equipment Market Value (US$ Mn) By Product, 2014–2025

Table 8: North America Ophthalmic Diagnostic Equipment Market Volume (Units) By Product, 2014–2025

Table 9: Latin America Ophthalmic Diagnostic Equipment Market Value (US$ Mn) By Country, 2014–2025

Table 10: Latin America Ophthalmic Diagnostic Equipment Market Volume (Units) By Country, 2014–2025

Table 11: Latin America Ophthalmic Diagnostic Equipment Market Value (US$ Mn) By Product, 2014–2025

Table 12: Latin America Ophthalmic Diagnostic Equipment Market Volume (Units) By Product, 2014–2025

Table 13: Western Europe Ophthalmic Diagnostic Equipment Market Value (US$ Mn) By Country, 2014–2025

Table 14: Western Europe Ophthalmic Diagnostic Equipment Market Volume (Units) By Country, 2014–2025

Table 15: Western Europe Ophthalmic Diagnostic Equipment Market Value (US$ Mn) By Product, 2014–2025

Table 16: Western Europe Ophthalmic Diagnostic Equipment Market Volume (Units) By Product, 2014–2025

Table 17: Eastern Europe Ophthalmic Diagnostic Equipment Market Value (US$ Mn) By Country, 2014–2025

Table 18: Eastern Europe Ophthalmic Diagnostic Equipment Market Volume (Units) By Country, 2014–2025

Table 19: Eastern Europe Ophthalmic Diagnostic Equipment Market Value (US$ Mn) By Product, 2014–2025

Table 20: Eastern Europe Ophthalmic Diagnostic Equipment Market Volume (Units) By Product, 2014–2025

Table 21: APEJ Ophthalmic Diagnostic Equipment Market Value (US$ Mn) By Country, 2014–2025

Table 22: APEJ Ophthalmic Diagnostic Equipment Market Volume (Units) By Country, 2014–2025

Table 23: APEJ Ophthalmic Diagnostic Equipment Market Value (US$ Mn) By Product, 2014–2025

Table 24: APEJ Ophthalmic Diagnostic Equipment Market Volume (Units) By Product, 2014–2025

Table 25: Japan Ophthalmic Diagnostic Equipment Market Value (US$ Mn) By Product, 2014–2025

Table 26: Japan Ophthalmic Diagnostic Equipment Market Volume (Units) By Product, 2014–2025

Table 27: MEA Ophthalmic Diagnostic Equipment Market Value (US$ Mn) By Country, 2014–2025

Table 28: MEA Ophthalmic Diagnostic Equipment Market Volume (Units) By Country, 2014–2025

Table 29: MEA Ophthalmic Diagnostic Equipment Market Value (US$ Mn) By Product, 2014–2025

Table 30: MEA Ophthalmic Diagnostic Equipment Market Volume (Units) By Product, 2014–2025

Ophthalmic Diagnostic Equipment Market Reports - List of Figures

Figure 1: Global Ophthalmic Diagnostic Equipment Market Scenario Forecast, 2015–2025

Figure 2: Global Ophthalmic Diagnostic Equipment Price Difference (US$), By Region, 2015

Figure 3: Global Ophthalmic Diagnostic Equipment Prices (US$), By Region, 2015

Figure 4: Global Ophthalmic Diagnostic Equipment Price Difference (US$), By Region, 2025

Figure 5: Global Ophthalmic Diagnostic Equipment Prices (US$), By Region, 2025

Figure 6: Global Ophthalmic Diagnostic Equipment Market Value,

Figure 7: Global Ophthalmic Diagnostic Equipment Market Volume,

Figure 8: Global Ophthalmic Diagnostic Equipment Market Value Share By Product, 2015 & 2025

Figure 9: Global Ophthalmic Diagnostic Equipment Y-o-Y Growth By Product, 2014–2025

Figure 10: Global Ophthalmic Diagnostic Equipment Market Absolute $ Opportunity By Fundus Camera Product, 2014–2025

Figure 11: Global Ophthalmic Diagnostic Equipment Market Absolute $ Opportunity By Retinal Ultrasound Imaging Systems Product, 2014–2025

Figure 12: Global Ophthalmic Diagnostic Equipment Market Absolute $ Opportunity By Refractors Product, 2014–2025

Figure 13: Global Ophthalmic Diagnostic Equipment Market Absolute $ Opportunity By Slit Lamps Product, 2014–2025

Figure 14: Global Ophthalmic Diagnostic Equipment Market Absolute $ Opportunity By Perimeters Product, 2014–2025

Figure 15: Global Ophthalmic Diagnostic Equipment Market Absolute $ Opportunity By Ophthalmoscopes Product, 2014–2025

Figure 16: Global Ophthalmic Diagnostic Equipment Market Absolute $ Opportunity By Tonometer Product, 2014–2025

Figure 17: Global Ophthalmic Diagnostic Equipment Market Absolute $ Opportunity By Optical Coherence Tomography Product, 2014–2025

Figure 18: Global Ophthalmic Diagnostic Equipment Market Absolute $ Opportunity By Corneal Topography Systems Product, 2014–2025

Figure 19: Global Ophthalmic Diagnostic Equipment Market Attractiveness Analysis By Product, 2015–2025

Figure 20: Global Ophthalmic Diagnostic Equipment Market Value Share By Region, 2015 & 2025

Figure 21: Global Ophthalmic Diagnostic Equipment Y-o-Y Growth By Region, 2014–2025

Figure 22: Global Ophthalmic Diagnostic Equipment Market Attractiveness Analysis By Region, 2015–2025

Figure 23: North America Ophthalmic Diagnostic Equipment Market Value (US$ Mn) & Volume (Units) Forecast, 2014–2025

Figure 24: North America Ophthalmic Diagnostic Equipment Market Absolute $ Opportunity, 2014–2025

Figure 25: Latin America Ophthalmic Diagnostic Equipment Market Value (US$ Mn) & Volume (Units) Forecast, 2014–2025

Figure 26: Latin America Ophthalmic Diagnostic Equipment Market Absolute $ Opportunity, 2014–2025

Figure 27: Western Europe Ophthalmic Diagnostic Equipment Market Value (US$ Mn) & Volume (Units) Forecast, 2014–2025

Figure 28: Western Europe Ophthalmic Diagnostic Equipment Market Absolute $ Opportunity, 2014–2025

Figure 29: Eastern Europe Ophthalmic Diagnostic Equipment Market Value (US$ Mn) & Volume (Units) Forecast, 2014–2025

Figure 30: Eastern Europe Ophthalmic Diagnostic Equipment Market Absolute $ Opportunity, 2014–2025

Figure 31: APEJ Ophthalmic Diagnostic Equipment Market Value (US$ Mn) & Volume (Units) Forecast, 2014–2025

Figure 32: APEJ Ophthalmic Diagnostic Equipment Market Absolute $ Opportunity, 2014–2025

Figure 33: Japan Ophthalmic Diagnostic Equipment Market Value (US$ Mn) & Volume (Units) Forecast, 2014–2025

Figure 34: Japan Ophthalmic Diagnostic Equipment Market Absolute $ Opportunity, 2014–2025

Figure 35: MEA Ophthalmic Diagnostic Equipment Market Value (US$ Mn) & Volume (Units) Forecast, 2014–2025

Figure 36: MEA Ophthalmic Diagnostic Equipment Market Absolute $ Opportunity, 2014–2025

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