Global Ophthalmic Devices Market Favors Equipment Consolidation, Led by J&J Vision Care, Alcon, and Bausch & Lomb

VANCOUVER, BC, CANADA, October 24, 2023 /EINPresswire.com/ -- iData Research, a leading global market research firm specializing in medical devices, dental, and pharmaceuticals, highlights the imminent expansion of the Global Ophthalmic Device Market in the updated 2023 market report. This comprehensive report delves deep into various market segments, ​​including optical coherence tomography, fundus cameras, ophthalmic data management systems, slit lamps, perimeters, tonometers, autorefractors and keratometers, ophthalmoscopes, ophthalmic ultrasound devices, wavefront aberrometers, corneal topographers, phacoemulsification consoles, intraocular lenses, phakic intraocular lenses, contact lenses, viscoelastic devices, ophthalmic lasers, optical biometers and glaucoma shunts.

A prominent trend in the Global Ophthalmic Devices Market is the consolidation of various pieces of equipment into unified devices. This shift is primarily motivated by the goal of optimizing both space utilization and cost-efficiency for ophthalmologists. Simultaneously, the consolidation process streamlines the procurement for ophthalmologists, as they can acquire a single comprehensive solution from a single manufacturer rather than purchasing multiple individual devices separately. This trend is notably exemplified in the optical coherence tomography (OCT) market, where devices are increasingly available with additional modalities integrated into them, including fundus cameras, scanning laser ophthalmoscopes, fluorescein angiography devices, and more.

Key highlights from the iData report include:

Robust Market Expansion: During 2022, the global ophthalmic device market achieved a market value of $23 billion. This appraisal is anticipated to persistently ascend, driven by a stable Compound Annual Growth Rate (CAGR), eventually approaching nearly $28 billion by the end of the projected period.

Demographic Factors: The aging of the global population is a significant market driver for the global ophthalmic market. This trend is primarily due to the increased prevalence of age-related eye conditions and the growing demand for eye care services and products. As people age, they become more susceptible to various age-related eye conditions such as cataracts, glaucoma, macular degeneration, and diabetic retinopathy.

Competitive Landscape: iData's report provides an in-depth analysis of the competitive landscape, profiling key players and their strategic initiatives. Currently, J&J Vision Care, Alcon, and Bausch & Lomb lead the Global Ophthalmic Devices Market.

For more information on the Global Ophthalmic Device Market, and to access the complete iData Research report, please visit:

https://idataresearch.com/product/global-ophthalmic-device-market/

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