Ophthalmic Diagnostic Equipment Market Trends and Growth Forecast by 2032

Posted by Ganesh Shinde on December 22nd, 2022

The global Ophthalmic Diagnostic Equipment Market is anticipated to showcase an opulent growth opportunity, expanding at a CAGR of 6.7% with a valuation of US$ 3.0 Bn in 2022 to US$ 5.1 Bn by 2030.

The global ophthalmic diagnostic equipment market contributed more than 5.5% of the ophthalmic devices market, which is expected to be worth approximately USD 55.0 billion in 2021.

According to FMI, the market for ophthalmic diagnostic equipment is expected to grow by 44 basis point share (BPS) from H1-2021 to H1-2022(O). However, a comparison of the projected and outlook growth rates for H1-2022 revealed a 10 BPS decrease in growth rate.

Key Takeaways

• Globally, the number of people suffering from serious eye diseases is increasing, making vision loss a major public health issue. As the population has grown, so has the prevalence of eye diseases, as chronic diseases such as diabetes and hypertension have become more common, leading to issues such as glaucoma or vision impairment.
• In the coming years, the number of people who are blind or have impaired vision will rise. With the increasing prevalence of eye disorders and the resulting increase in disability-adjusted life years (DALYs), the demand for precise disease treatment is expected to rise in the coming years.
• Increasing technological advancements in analytical methods aid in improved quantification and characterization by providing high-resolution cross-sectional 3D images of the target tissue, which are difficult to view with a conventional microscope. The ophthalmic diagnostic equipment market is experiencing a surge as a result of such high-tech equipment.
• Technological advancements have improved quantification, and intraoperative optical coherence tomography (OCT) aids accurate decision-making during eye surgery by providing real-time imaging with simultaneous feedback features.
• The increased demand for optical coherence topography devices has increased competition among players. As a strategy to reach a larger audience, various players/manufacturers have reduced the costs of their devices, resulting in the adoption of these devices by doctors in both emerging and developed economies. In the near future, this factor is expected to drive demand for these devices in emerging economies.

Competitive Landscape

TOPCON CORPORATION, ZEISS International, Ellex, Quantel Medical, NIDEK CO., LTD., HAAG-STREIT GROUP, Halma plc, Coburn Technologies Inc., Kowa Company Ltd. are some of the key companies profiled in the full version of the report.

Ophthalmic Diagnostic Equipment Market by Category

By Product:

• Fundus Cameras
• Retinal Ultrasound Imaging Systems
• Refractors
• Slit Lamps
• Perimeters
• Ophthalmoscopes
• Tonometer
• Optical Coherence Tomography (OCT)
• Corneal Topography Systems

By End user:

• Hospitals
• Clinics
• Ambulatory Surgical Centers

Read More@ https://www.futuremarketinsights.com/reports/ophthalmic-diagnostic-equipment-market