Diagnostic And Monitoring Ophthalmic Devices And Equipment Global Market To Reach Value Of About $1.5 Billion In 2025

4 Oct, 2021

The diagnostic and monitoring ophthalmic devices and equipment market consists of sales of diagnostic and monitoring ophthalmic devices and equipment and related services. Diagnostic and monitoring ophthalmic devices and equipment are used for the diagnosis and monitoring of diseases related to the retina and cornea by measuring affix lenses and refractive errors. These devices also help to identify the power of intra ocular lens (IOLs) and analyze the visual field. Ophthalmic diagnostic and monitoring devices include ultrasound imaging systems, optical coherence tomography scanners, ophthalmoscopes, corneal topographers, specular microscopes, slit lamps, fundus cameras, anomaloscope, haploscope, ophthalmic lens gauge, stereopsis measuring instrument, retinoscopes, stereoscope and others.

Global Diagnostic And Monitoring Ophthalmic Devices And Equipment Market Size And Drivers:

The global diagnostic and monitoring ophthalmic devices and equipment market is expected to grow from $1.13 billion in 2020 to $1.26 billion in 2021 at a compound annual growth rate (CAGR) of 11.5%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1.46 billion in 2025 at a CAGR of 3.8%. Increasing prevalence of eye diseases is expected to drive the demand for diagnostic and monitoring equipment in the ophthalmic devices industry.

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Trends In The Global Diagnostic And Monitoring Ophthalmic Devices And Equipment Market

Advanced eye care medical devices equipped with artificial intelligence (AI) and machine learning (ML) are the new trends in the ophthalmic diagnostic and monitoring equipment market. AI and ML equipped medical devices can not only quickly interpret the eyes of the patient with better accuracy but also recommend a suitable treatment for the patient. Deepmind, a subsidiary of Alphabet Inc. has developed an AI-based system which is capable of analyzing 3D retinal OCT scans for detecting severe diseases like glaucoma, retinopathy, macular degeneration and 50 different types of eye diseases at their early stage

Global Diagnostic And Monitoring Ophthalmic Devices And Equipment Market Segments:
The global diagnostic and monitoring ophthalmic devices and equipment market is further segmented –
By Product Type: Optical Coherence Tomographers, Ophthalmic Ultrasound Imaging Systems, Fundus Cameras, Ophthalmoscopes, Keratometers, Specular Microscopes, Tonometers, Slit Lamps, Retinoscopes, Others (Dioptometers, Optotype Projector, Perimeters, And Biometers, Pachymeters, Autorefractors/Phoropters, Corneal Topographers, Wavefront Aberrometers, Wavefront Aberrometers)
By End User: Hospitals, Clinics, Diagnostic Laboratories, Research Centers
By Application: Retinal Evaluation, Glaucoma Detection And Monitoring, Surgical Evaluation, General Examination, Intraoperative Devices, Refraction Equipment
By Geography: The global diagnostic and monitoring ophthalmic devices and equipment market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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Diagnostic And Monitoring Ophthalmic Devices And Equipment Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides diagnostic and monitoring ophthalmic devices and equipment market overviews, analyzes and forecasts market size and growth for the global diagnostic and monitoring ophthalmic devices and equipment market, diagnostic and monitoring ophthalmic devices and equipment market share, diagnostic and monitoring ophthalmic devices and equipment market players, diagnostic and monitoring ophthalmic devices and equipment market segments and geographies, diagnostic and monitoring ophthalmic devices and equipment market’s leading competitors’ revenues, profiles and market shares. The diagnostic and monitoring ophthalmic devices and equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.