Ophthalmic Equipment Market Report

Ophthalmic Equipment Market by Product Type (Diagnostic And Monitoring Devices, Surgical Devices, Vision Care), Application Type (Vision Care, Ophthalmic, Wound care, Cataract Surgery, Oculoplastic, Others), End User (Hospitals, Consumers, Speciality Clinics And Ambulatory Surgery Centers), Regions, Key Players – Global Forecast to 2030

FREQUENTLY ASKED QUESTION: OPHTHALMIC EQUIPMENT MARKET REPORT

The global market for ophthalmic equipment was valued at approximately USD 52.5 billion in 2023, and is projected to increase to USD 54.8 billion in 2024.

The global ophthalmic equipment market is anticipated to grow at an annual growth rate of 4.5% from 2024 to 2030 to reach USD 71.5 billion, by 2030.

Leading players within the ophthalmic equipment market are Bausch Health Companies, Inc. (Canada), Johnson & Johnson (US), Alcon (Switzerland), Carl Zeiss Meditec AG (Germany), Glaukos Corporation (US).

The ophthalmic equipment market is consolidated. The top 3 players—EssilorLuxottica, Alcon, and Bausch + Lomb—together control over 40% of the market share, with EssilorLuxottica alone holding more than 20% and significantly ahead of its nearest competitors. Including other major players like Carl Zeiss Meditec and Johnson & Johnson Vision, the combined market share of the top 3-5 companies likely exceeds 50%, but does not reach the 70% threshold for “highly consolidated” status

The primary application areas within the ophthalmic equipment market encompass Vision Care, Ophthalmic, Wound care, Cataract Surgery, Oculoplastic and Others (Pediatric, Veterinary, etc.). Notably, Cataract Surgery segmented dominated the ophthalmic equipment market with a market share of over 40%.

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