Ophthalmic devices are an aid in the diagnosis, monitoring, surgery and treatment of various eye related diseases such as cataract, age-related macular degeneration, glaucoma, diabetic retinopathy, retinal detachment or tear, eye infections, dry eye syndrome and others. Companies in this ophthalmic device market engage in the manufacturing of a wide range of products such as contact lenses, glasses, intraocular lenses, diagnostics, retinal implants, stents, oculoplastics, lasers, surgical instruments and solutions.
The global ophthalmic devices market was valued around $31 billion in 2017. Asia Pacific was the largest region in the ophthalmic device market in 2017, accounting for around 33% of the total market. USA was the largest market accounting for around 22% of the total market.
The use of robotic systems in the field of ophthalmology is increasing. Conventional ophthalmic surgeries are generally performed with a high magnification with a three-dimensional view through a surgical microscope and precise manipulations are made using delicate handheld instruments to minimize collateral damages
The top five companies covered are Essilor International, Alcon, Johnson & Johnson, Hoya Corporation, and CooperVision AG. Essilor International was the largest company in the ophthalmic devices market.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
The ophthalmic devices market in this report is segmented into Vision Care Devices, Cataract Surgery Devices, Refractive Surgery Devices, and Diagnostic and Monitoring Ophthalmic Devices.
Vision Care Devices aid to treat eye vision problems. These devices include contact lenses and spectacles.
Cataract Surgery Devices includes instruments used for performing cataract surgeries in the treatment of cataracts, a condition in which the lens of the eye becomes progressively opaque, resulting in blurred vision.
Refractive Error Surgery Devices are used in refractive error surgeries, a procedure of correcting or improving vision affected by refractive error such as nearsightedness (myopia), farsightedness (hyperopia), presbyopia or astigmatism.
Diagnostic and Monitoring Ophthalmic Devices are used for the diagnosis and monitoring of diseases related to the retina and cornea by measuring affix lenses and refractive errors.