USA Ophthalmic Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Devices (Surgical Devices, Diagnostic and Monitoring Devices and Vision Correction Devices)

Market Snapshot

CAGR
Study Period:

2018 - 2026

Base Year:

2020

CAGR:

6.9 %

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Market Overview

The ophthalmic devices are the medical equipment's that are designed for diagnosis, surgical, and vision correction purposes. These devices have gained increasing importance and adoption due to high prevalence of various ophthalmic diseases such as glaucoma, cataract, and other vision related issues across the globe. Moreover, technological advancements in the field has boosted the adoption rate of the rate in the US. Although there have been advancements, the devices are stilled deemed unsafe, and can cause damages if not handled professionally. Hence all these factors have been restraining the US market growth.

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 Drainage Devices
Glaucoma Stents and Implants
Intraocular Lenses
Lasers
Other Surgical Devices
Diagnostic and Monitoring Devices
Autorefractors and Keratometers
Corneal Topography Systems
Ophthalmic Ultrasound Imaging Systems
Ophthalmoscopes
Optical Coherence Tomography Scanners
Other Diagnostic and Monitoring Devices
Vision Correction Devices
Spectacles
Contact Lenses

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Key Market Trends

Vision Correction Devices are Expected to Register a High CAGR During the Forecast Period

The Vision Correction Devices or corrective lenses are used to aid and improve vision for those with common refractive errors like myopia, hypermetropia, astigmatism, and presbyopia. These visual impairments result in low vision. Moreover, these conditions seem to be rising.

According to the National Eye Institute estimates, over 2.9 million American residents were detected with low vision, in 2014. The number is projected to increase further and is expected to reach around 5 million by 2030. Hence, as the number of people with low vision increase, the demand for vision correction devices are also expected to increase as well.

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Competitive Landscape

Majority of the ophthalmic devices are being manufactured by the US players. Market leaders with more funds for research and better distribution system have established their position in the market.

 

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 Demographic Shift and Increasing Prevalence of Eye Diseases

      2. 4.2.2 Rising Geriatric Population

      3. 4.2.3 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 Force 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 Drainage Devices

        2. 5.1.1.2 Glaucoma Stents and Implants

        3. 5.1.1.3 Intraocular Lenses

        4. 5.1.1.4 Lasers

        5. 5.1.1.5 Other Surgical Devices

      2. 5.1.2 Diagnostic and Monitoring Devices

        1. 5.1.2.1 Autorefractors and Keratometers

        2. 5.1.2.2 Corneal Topography Systems

        3. 5.1.2.3 Ophthalmic Ultrasound Imaging Systems

        4. 5.1.2.4 Ophthalmoscopes

        5. 5.1.2.5 Optical Coherence Tomography Scanners

        6. 5.1.2.6 Other Diagnostic and Monitoring Devices

      3. 5.1.3 Vision Correction Devices

        1. 5.1.3.1 Spectacles

        2. 5.1.3.2 Contact Lenses

  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 EssilorLuxottica SA

      5. 6.1.5 HAAG-Streit Group

      6. 6.1.6 Hoya Corporation

      7. 6.1.7 Johnson and Johnson

      8. 6.1.8 Nidek Co. Ltd

      9. 6.1.9 Topcon Corporation

      10. 6.1.10 Ziemer Ophthalmic Systems AG

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

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

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Frequently Asked Questions

The USA Ophthalmic Devices Market market is studied from 2018 - 2026.

The USA Ophthalmic Devices Market is growing at a CAGR of 6.9% over the next 5 years.

  • Alcon Inc
  • Bausch Health Companies Inc
  • Johnson and Johnson
  • Carl Zeiss Meditec AG
  • Ziemer Ophthalmic Systems

Are the major companies operating in USA Ophthalmic Devices Market.

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