About Eye Instrument
Increasing geriatric population across the globe and increasing incidence of eye diseases will help to boost global eye instruments market in the forecasted period. Eye instruments are generally used to treat eye diseases. Eye instrument is designed to prevent and potential eye damage, disease or injuries. Technological advancement in the devices acts as major drivers of the global market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Eye Instrument market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Eye Instrument Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Eye Instrument market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Alcon (Switzerland), Carl Zeiss Meditec (Germany), Johnson & Johnson Vision Care (United States), Hoya Corporation (Japan), Bausch + Lomb (United States), NIDEK (Japan), Topcon Corporation (Japan), Ellex Medical Lasers (Australia), IRIDEX Corporation (United States) and Lumenis (Israel) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are STAAR Surgical Company (United States) and Ziemer Ophthalmic Systems (Switzerland).
Segmentation Overview
AMA Research has segmented the market of Global Eye Instrument market by Type (Cataract Surgery Devices, Glaucoma Surgery Devices, Refractive Surgery Devices, Vitreoretinal Surgery Devices, Ophthalmic Microscopes and Accessories), Application (Cataract, Refractive, Glaucoma, Vitreoretinal, Diabetic Retinopath and Others) and Region.
On the basis of geography, the market of Eye Instrument has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End User, the sub-segment i.e. Hospitals will boost the Eye Instrument market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High Demand due to Government Initiation to Control Visual Impairments and Technological Advancement in Eye Instruments
Market Growth Drivers:
Increasing Prevalence of Eye Surgeries and Increasing Number of Diabetic Patients
Challenges:
Lack of Awareness about Eye Care in Low Economy
Restraints:
High Cost Associated with Eye Instruments
Opportunities:
Rising Demand in Untapped Emerging Countries
Market Leaders and their expansionary development strategies
In November 2022, Advancing Eyecare (AEC), a leading North America provider of ophthalmic instruments, has announced the acquisition of Veatch Ophthalmic Instruments, a leading U.S. distributor of ophthalmic equipment. The move is described by Advancing Eyecare as a way to expand its national footprint in ophthalmic instruments and further strengthen its offerings to eyecare providers. Financial terms of the transaction were not disclosed. Headquartered in Tempe, Arizona, Veatch has a more than 30-year history of distributing ophthalmic technology to vision care providers throughout the U.S.
In October 2023, Bausch + Lomb announced the U.S. launch of SeeNa, an ophthalmic diagnostic system for refractive cataract patients that is fully integrated with Bausch + Lomb’s Eyetelligence surgical planning software to help streamline surgical planning and information flow.
Key Target Audience
Eye Instrument Manufacturers, Suppliers and Distributors of Ophthalmology Devices, Original Equipment Manufacturers, Ophthalmologists, Healthcare Service Providers, Medical Institutes, Research and Consulting Firms and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.