Global Diagnostic And Monitoring Ophthalmic Devices And Equipment Market Segments

The global diagnostic and monitoring ophthalmic devices and equipment market is expected to decline from $1.4 billion in 2019 to $1.1 billion in 2020 at a compound annual growth rate (CAGR) of -22.7%. The decline is mainly due to the COVID-19 outbreak and the measures to contain it. The restrictions on non-essential medical services including ophthalmology services coupled with slowed production of ophthalmic devices used for treating eye conditions, due to extended factory closures in various countries together have contributed to the decline in the growth rate. The market is then expected to recover and grow at a CAGR of 4.7% from 2021 and reach $1.7 billion in 2023. Increasing prevalence of eye diseases is expected to drive the demand for diagnostic and monitoring equipment in the ophthalmic devices industry. However, lack of awareness about eye diseases mostly in the developing and underdeveloped nations is expected to hinder the growth of the market.

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.

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The global diagnostic and monitoring ophthalmic devices and equipment market is further segmented based on type and geography.
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 Abberometers, Wavefront Abberometers)
By End User: Hospitals, Clinics, Diagnostic Laboratories, Research Centers. 3) By Application: Retinal Evaluation, Glaucoma Detection And Monitoring, Surgical Evaluation, General Examine, 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. Among these regions, the North American diagnostic and monitoring ophthalmic devices and equipment market accounts for the largest share in the global diagnostic and monitoring ophthalmic devices and equipment market.

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Trends In The 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.
Diagnostic And Monitoring Ophthalmic Devices And Equipment Global Market Report 2020 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 diagnostic and monitoring ophthalmic devices and equipment 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 size, diagnostic and monitoring ophthalmic devices and equipment market segments and geographies, diagnostic and monitoring ophthalmic devices and equipment market trends, diagnostic and monitoring ophthalmic devices and equipment market drivers and diagnostic and monitoring ophthalmic devices and equipment market restraints, 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.