China Ophthalmic Devices Market - Growth, Trends, and Forecast (2020 - 2025)

The market is segmented By Devices (Surgical Devices, Diagnostic and Monitoring Devices)

Market Snapshot

Study Period:

2017-2025

Base Year:

2019

CAGR:

4.5 %

Major Players:

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Market Overview

The ophthalmic devices are medical equipment designed for diagnosis, surgical, and vision correction purposes. These devices have gained increasing importance and adoption due to increasing prevalence of various eye diseases such as glaucoma, cataract, and other vision related issues. The rising prevalence of eye-related diseases is leading to increased demand for ophthalmic devices. In many developed and developing countries, eye conditions have emerged as potential threats to the populations. According to World Blind Union, in 2018, there were more than 85 million disabled persons in China, of which more than 17.5 million were visually impaired. Hence, as the number of eye disorders increases, there is a large demand for ophthalmic devices that are used for both diagnostic and therapeutic purposes, driving the market over the forecast period. 

Scope of the report

As per the scope of the report, Ophthalmology is a branch of medical sciences, which deals with structure, function, and various diseases related to the eye. The ophthalmic devices are medical equipment designed for diagnosis, surgical, and vision correction purposes.  

By Devices
Surgical Devices
Glaucoma Devices
Intraocular Lenses
Lasers
Other Surgical Devices
Diagnostic and Monitoring Devices
Autorefractors and Keratometers
Ophthalmic Ultrasound Imaging Systems
Ophthalmoscopes
Optical Coherence Tomography Scanners
Other Diagnostic and Monitoring Devices

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Key Market Trends

Lasers Segment is Expected to Show Better Growth in the Forecast Years

Based on Surgical Devices, the market is segmented into Glaucoma Devices, Intraocular Lenses, Lasers and Other Surgical Devices. Laser is a popular surgical procedure for vision correction problems. It can fix astigmatism, nearsightedness, and farsightedness. Laser can be applied to the iris or the trabecular mesh work to allow aqueous fluid to flow more effectively within the eye and drain better by the normal drainage channels within the eye. As per a recent article, the cataract operation performed per million population rose from 370 in 2000 to 2,205 in 2017. The number is projected to increase further. Also, insurance covers between 70 and 80% of cataract surgical expenses in China, due to continuous efforts made by Chinese government. Hence, the need for diagnosis and treatment of common eye disorders have made significant progress in recent years, which is expected to fuel the demand of ophthalmic devices in the forecast period.

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Competitive Landscape

The global players in the China ophthalmic devices market are Alcon Inc., Bausch Health Companies Inc., Carl Zeiss Meditec AG, Hoya Corporation, Johnson and Johnson, Nidek Co. Ltd, Topcon Corporation and Ziemer Group AG.

Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Prevalence of Eye Diseases

      2. 4.2.2 Technological Advancements in Ophthalmic Devices

    3. 4.3 Market Restraints

      1. 4.3.1 Risk Associated with Ophthalmic Procedures

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Devices

      1. 5.1.1 Surgical Devices

        1. 5.1.1.1 Glaucoma Devices

        2. 5.1.1.2 Intraocular Lenses

        3. 5.1.1.3 Lasers

        4. 5.1.1.4 Other Surgical Devices

      2. 5.1.2 Diagnostic and Monitoring Devices

        1. 5.1.2.1 Autorefractors and Keratometers

        2. 5.1.2.2 Ophthalmic Ultrasound Imaging Systems

        3. 5.1.2.3 Ophthalmoscopes

        4. 5.1.2.4 Optical Coherence Tomography Scanners

        5. 5.1.2.5 Other Diagnostic and Monitoring Devices

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Alcon Inc.

      2. 6.1.2 Bausch Health Companies Inc.

      3. 6.1.3 Carl Zeiss Meditec AG

      4. 6.1.4 Hoya Corporation

      5. 6.1.5 Johnson and Johnson

      6. 6.1.6 Nidek Co. Ltd

      7. 6.1.7 Topcon Corporation

      8. 6.1.8 Ziemer Group AG

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments

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