Ophthalmic Equipment Market: A Study of the Key Players and Their Strategies

The Global Ophthalmic Equipment Market Research Report published by Emergen Research has been formulated by analysis of key business details and extensive geographical spread of the Ophthalmic Equipment industry. The study offers comprehensive coverage of the qualitative and quantitative analysis of the Ophthalmic Equipment market along with crucial statistical data about the Ophthalmic Equipment market. The research study provides historical data from 2017 to 2018 and offers accurate forecast estimation until 2027. The report also profiles established and emerging players of the market, covering the business overview, product portfolio, strategic alliances, and business expansion strategies.

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.

The current COVID-19 pandemic is expected to have an effect on the growth of the Ophthalmic Equipment industry majorly attributable to the movement restrictions and impact on the supply and demand due to the lockdowns. The COVID-19 pandemic has affected several sectors of the global market, and the Ophthalmic Equipment sector is expected to feel the impact of the pandemic. The economic slowdown and dynamic changes in the demands will further affect the growth of the industry. The report covers the impact analysis of the COVID-19 pandemic on the overall Ophthalmic Equipment industry.

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Market Dynamics:

The report offers insightful information about the market dynamics of the Ophthalmic Equipment market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Ophthalmic Equipment market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Ophthalmic Equipment market.

The report covers the following chapters:

Impact of COVID-19 - This section describes the impact of COVID-19 on the Ophthalmic Equipment market.
Global Market Size and Growth - This section contains the global historic (2015-2019) and forecast (2019-2023), (2023-2025), and (2025-2030) market values, and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
Regional Analysis - This section contains the historic (2015-2019) and forecast (2019-2023), (2023-2025), and (2025-2030) market values and growth and market share comparison by region.
Segmentation - This section contains the market values (2015-2030) and analysis for different segments.
Global Macro Comparison - The global Ophthalmic Equipment market comparison with macro-economic factors gives the Ophthalmic Equipment market size, percentage of GDP, and average Ophthalmic Equipment market expenditure.
Supply Chain - The supply chain section of the report defines and explains the key players in the Ophthalmic Equipment industry supply chain.
Product/Service Analysis - The product/service analysis section of the report describes the leading products/services in the Ophthalmic Equipment market along with key features and differentiators for those products/services.
Customer Information - This chapter covers recent customers’ trends/preferences in the global Ophthalmic Equipment market.
Trends and Strategies - This chapter describes the major trends shaping the global Ophthalmic Equipment market. This section highlights likely future developments in the market and suggests approaches companies can take to exploit these opportunities.

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Competitive Landscape:

Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share. The report provides insightful information about recent mergers and acquisitions, product launches, collaborations, joint ventures, partnerships, agreements, and government deals.

Key Companies Profiled in the Report:

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.

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Ophthalmic Equipment Market Segmentation:

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

Regional Segmentation;

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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