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What Opportunities Exist in the Ophthalmic Equipment Market to Be Worth $61.58 Billion by 2030?

user image 2024-09-27
By: Mayu14
Posted in: Healthcare

As per the latest insights from Meticulous Research®, the global ophthalmic equipment market is on track to reach $61.58 billion by 2030, with a CAGR of 4.4% throughout the forecast period. The market's growth is fueled by the increasing incidence of eye conditions like cataracts and glaucoma, along with the rising rates of obesity and diabetes. Additionally, the aging population, excessive digital screen time, and enhanced government efforts to improve eye care accessibility play vital roles in this trend.

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Product Classification
The ophthalmic equipment market is classified into several product types, notably Vision Care Products and Surgical Devices. Vision care products, including spectacles and various types of contact lenses, are becoming increasingly popular. Meanwhile, surgical devices encompass a range of technologies for cataract and refractive surgeries, such as phacoemulsification devices and excimer lasers, enhancing surgical precision and outcomes.

Consumer Segment Analysis
By 2024, the consumer segment is expected to dominate the ophthalmic equipment market. Factors such as a growing elderly population, increased eye care quality, and rising disposable incomes contribute to this trend. Additionally, the prevalence of eye strain from digital device usage and conditions like myopia further drive consumer demand for ophthalmic solutions.

Regional Overview
The report provides a detailed analysis of the market across various regions, including North America, Europe, and Asia-Pacific. North America is anticipated to capture the largest share of the market in 2024, driven by a high prevalence of eye disorders, the presence of major market players, and strong consumer awareness regarding eye health in the U.S.

Key Market Players
Prominent players in the ophthalmic equipment market include Bausch Health Companies Inc., Carl Zeiss Meditec AG, and Alcon Inc. These companies, among others like Johnson & Johnson Vision Care and EssilorLuxottica, are known for their innovative solutions and significant impact on the global eye care landscape.

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About Meticulous Research®

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.

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