Ophthalmic equipment are majorly used at the surgical holdings and these instruments are of wider range. These instruments are specially used and designed to prevent the possible damage to the diseases, eye damage, or also injuries. The key instruments used by the ophthalmologists are the needle holders, the iris scissors, and the forceps. Ideal care and cleaning of these instruments is important since it reduces the risk of the hospital-acquired infection. Irrespective of these instruments are used in hospitals, clinics, or at a surgical center, the same cleaning process is used. This process includes sterilization, decontamination, cleaning, quality control, and better storage.
Ophthalmic equipment market is estimated to be over US$ 50 Bn in 2018. It is anticipated to grow at a substantial CAGR from 2019 to 2030.
The continuous growth of the ophthalmic equipment market can be attributed to increase in eye related diseases such as glaucoma, cataract, diabetic retinopathy and others. In addition, factors such as rapid technological advancements, technological advanced minimally invasive surgeries, such as LASIK surgery, increasing geriatric population and rising Age-related macular degenerations (AMD) are expected to boost the global ophthalmic equipment market. In 2018, according to National Eye Institute, in U.S. among older white Americans, more than 14 percent of white Americans age 80 and older affected by AMD. However, high cost of contact lenses, ophthalmic equipment and risks associated with it, coupled with lack of skilled ophthalmologists, and poor reimbursement policies for ophthalmic equipment restraint the growth of the target market.
Major Key Players of the Ophthalmic Equipment Market are:
Essilor, Alcon (Novartis AG), Johnson & Johnson, Bausch Health, Haag-Streit Group, TOPCON CORPORATION, Carl Zeiss, Meditec AG, STAAR Surgical Company, Ziemer Ophthalmic Systems & HOYA Corporation among others.
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