USA Ophthalmic Devices Market Overview
According to SPER Market Research, the USA Ophthalmic Devices Market is estimated to reach USD XX billion by 2033 with a CAGR 7.16%.
Ophthalmic devices are medical tools used to identify, treat, or keep track of conditions involving the eyes. These tools are created to examine different eye structures, including the retina, cornea, and lens, in order to aid ophthalmologists (eye doctors) in the diagnosis of eye conditions, injuries, and abnormalities. Slit lamps, which use a light beam to examine the front of the eye, and ophthalmoscopes, which enable medical professionals to see the back of the eye, are two examples of ophthalmic instruments. Additionally, there are visual field analyzers that can identify issues with peripheral vision and tonometers that gauge the pressure inside the eye.
Exploring the Growth Drivers of the USA Ophthalmic Devices Industry
There are a number of factors that affect the demand for USA ophthalmic devices market. The rising incidence of eye diseases and disorders, such as cataracts, glaucoma, and age-related macular degeneration, which are more prevalent in the ageing population, is one of the main motivating factors. Ophthalmic devices are more in demand as the population ages because they are essential for the diagnosis and treatment of these conditions. Another driving factor is the increase in demand for minimally invasive procedures. Many patients favour less invasive surgical procedures that have a quicker recovery time, smaller incisions, and less anaesthesia. To meet this demand, ophthalmic devices such as phacoemulsification machines and microinvasive glaucoma surgery devices have been developed.
What challenges does the USA Ophthalmic Devices Market face?
The US market for ophthalmic devices is expanding, but it also faces a number of obstacles that could limit that expansion. The high price of these devices is one of the main challenge. Many ophthalmic devices are pricey, making them unavailable to patients with limited financial resources. Disparities in access to care may result from this, especially for low-income populations. The ophthalmic industry also faces a shortage of qualified healthcare workers. Particularly in rural and underserved areas, this shortage may have an adverse effect on care quality and restrict access to services. Overall, there are a lot of opportunities for growth in the US market for ophthalmic devices, but there are also a lot of obstacles to overcome if it is to succeed going forward.
In what ways has the COVID-19 pandemic affected USA Ophthalmic Devices Market?
The USA ophthalmic devices market has been significantly impacted by the COVID-19 pandemic. Due to the pandemic, the healthcare sector experienced significant disruptions, with many hospitals and clinics delaying non-emergency procedures to make room for COVID-19 patients. As a result, there was a decline in demand for ophthalmic devices, especially for elective procedures like LASIK and cataract surgery. Changes in healthcare delivery models were also brought about by the pandemic, with a stronger focus now being placed on telemedicine and remote consultations. While this may create growth opportunities for the teleophthalmology market, it also presents difficulties in maintaining the same level of diagnostic precision as in-person consultations and ensuring the security and privacy of patient data.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Device Type
|
| Regions covered | Eastern Region, Northern Region, Southern Region, Western Region
|
| Companies Covered | Alcon Inc., Bausch Health Companies Inc., Carl Zeiss AG, EssilorLuxottica SA, HAAG-Streit Group, Hoya Corporation, Johnson and Johnson, Nidek Co. Ltd, Topcon Corporation, Ziemer Ophthalmic Systems AG
|
Key Target Audience:
- Healthcare providers
- Ophthalmologists
- Optometrists
- Eye care professionals
- Hospitals
- Clinic
- Pharmaceutical Industry
USA Ophthalmic Devices Market Segmentation:
1. By Device Type:
- USA Ophthalmic Devices Market Value Share and Forecast, By Device Type, 2023-2033
- Surgical Devices
- Diagnostic and Monitoring Devices
- Vision Correction Devices
2. By Region:
- Eastern Region
- Northern Region
- Southern Region
- Western Region
Key Topics Covered in the Report:
- USA Ophthalmic Devices Market Size (FY’2023-FY’2033)
- Overview of USA Ophthalmic Devices Market
- Segmentation of USA Ophthalmic Devices Market By Device Type (Surgical Devices, Diagnostic and Monitoring Devices, Vision Correction Devices)
- Statistical Snap of USA Ophthalmic Devices Market
- Growth Analysis of USA Ophthalmic Devices Market
- Problems and Challenges in USA Ophthalmic Devices Market
- Competitive Landscape in the USA Ophthalmic Devices Market
- Impact of COVID-19 and Demonetization on USA Ophthalmic Devices Market
- Details on Recent Investment in USA Ophthalmic Devices Market
- Competitive Analysis of USA Ophthalmic Devices Market
- Key Players in the USA Ophthalmic Devices Market
- SWOT Analysis of USA Ophthalmic Devices Market
- USA Ophthalmic Devices Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the USA Ophthalmic Devices Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. USA Ophthalmic Devices Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in USA Ophthalmic Devices Market
7. USA Ophthalmic Devices Market, By Device Type (USD Million)
7.1. USA Ophthalmic Devices Market Value Share and Forecast, By Device Type, 2023-2033
7.2. Surgical Devices
7.2.1. Glaucoma Drainage Devices
7.2.2. Glaucoma Stents and Implants
7.2.3. Intraocular Lenses
7.2.4. Lasers
7.2.5. Other Surgical Devices
7.3. Diagnostic and Monitoring Devices
7.3.1. Autorefractors and Keratometers
7.3.2. Corneal Topography Systems
7.3.3. Ophthalmic Ultrasound Imaging Systems
7.3.4. Ophthalmoscopes
7.3.5. Optical Coherence Tomography Scanners
7.3.6. Other Diagnostic and Monitoring Devices
7.4. Vision Correction Devices
7.4.1. Spectacles
7.4.2. Contact Lenses
8. USA Ophthalmic Devices Market Forecast, 2019-2033 (USD Million)
8.1. USA Ophthalmic Devices Market Size and Market Share
9. USA Ophthalmic Devices Market, By Device Type, 2019-2033 (USD Million)
9.1. USA Ophthalmic Devices Market Size and Market Share by Device Type (2019-2026)
9.2. USA Ophthalmic Devices Market Size and Market Share by Device Type (2027-2033)
10. USA Ophthalmic Devices Market, By Region, 2019-2033 (USD Million)
10.1. USA Ophthalmic Devices Market Size and Market Share by Region (2019-2026)
10.2. USA Ophthalmic Devices Market Size and Market Share by Region (2027-2033)
10.3. Eastern Region
10.4. Northern Region
10.5. Southern Region
10.6. Western Region
11. Company Profile
11.1. Alcon Inc.
11.1.1. Company details
11.1.2. Financial outlook
11.1.3. Product summary
11.1.4. Recent developments
11.2. Bausch Health Companies Inc.
11.2.1. Company details
11.2.2. Financial outlook
11.2.3. Product summary
11.2.4. Recent developments
11.3. Carl Zeiss AG
11.3.1. Company details
11.3.2. Financial outlook
11.3.3. Product summary
11.3.4. Recent developments
11.4. EssilorLuxottica SA
11.4.1. Company details
11.4.2. Financial outlook
11.4.3. Product summary
11.4.4. Recent developments
11.5. HAAG-Streit Group
11.5.1. Company details
11.5.2. Financial outlook
11.5.3. Product summary
11.5.4. Recent developments
11.6. Hoya Corporation
11.6.1. Company details
11.6.2. Financial outlook
11.6.3. Product summary
11.6.4. Recent developments
11.7. Johnson and Johnson
11.7.1. Company details
11.7.2. Financial outlook
11.7.3. Product summary
11.7.4. Recent developments
11.8. Nidek Co. Ltd
11.8.1. Company details
11.8.2. Financial outlook
11.8.3. Product summary
11.8.4. Recent developments
11.9. Topcon Corporation
11.9.1. Company details
11.9.2. Financial outlook
11.9.3. Product summary
11.9.4. Recent developments
11.10. Ziemer Ophthalmic Systems AG
11.10.1. Company details
11.10.2. Financial outlook
11.10.3. Product summary
11.10.4. Recent developments
12. List of Abbreviations
13. Reference Links
14. Conclusion
15. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
