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Ophthalmic Devices Market Share

Report ID: GMI2917
Published Date: Jun 2021
Report Format: PDF

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Ophthalmic Devices Market Share

Some of the major companies operating in the market are:

Essilor International
Johnson and Johnson Vision Care
CooperVision AG
Bausch
Lomb Inc
Hoya Corporation
Nidek Co Ltd
Topcon Corporation
Alcon Inc
Carl Zeiss AG

The major participants focus on strategic collaborations, mergers and partnerships in order to expand their business and launch new products to strengthen the product portfolio. Furthermore, these leaders are investing in research and development activities that allow these players to garner maximum revenue share.

Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

The market for ophthalmic devices was valued at around USD 39.4 billion in 2020 and will grow at a moderate CAGR of more than 3.3% between the period 2021 and 2027.

The surgical devices segment garnered over 23% revenue share in 2020 and will expand due to the trend for minimally invasive surgical procedures.

The hospital segment was valued at around 24% market share in 2020 and will surpass USD 9.63 billion through 2027 owing to the availability of novel technologies, quality care and high success rate.

The U.S. ophthalmic devices market accounted for more than USD 13.65 billion in 2020 and will expand with factors such as adoption of advanced ophthalmic devices and product launches.