Technavio has been monitoring the ophthalmic diagnostic devices market and it is poised to grow by USD 0.98 billion during 2020-2024, progressing at a CAGR of over 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Ophthalmic Diagnostic Devices Market 2020-2024 (Graphic: Business Wire)
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Frequently Asked Questions-
What was the value of the ophthalmic diagnostic devices market in 2019?
Technavio says that the value of the market was USD 2.68 billion in 2019 and it is projected to reach USD 3.66 billion by 2024.
At what rate is the market projected to grow in the forecast period 2020-2024?
Growing at a CAGR of over 6%, the market growth will accelerate during the forecast period.
What is the key factor driving the market?
Increasing prevalence of ophthalmic diseases and technological advances are the key factors driving the market growth.
Who are the top players in the market?
Alcon Inc., AMETEK Inc., ARC Laser GmbH, Bausch Health Companies Inc., Carl Zeiss Meditec AG, Danaher Corp., IRIDEX Corp., Nikon Corp., Optovue Inc., and Topcon Corp. are some of the major market participants.
Which region is expected to hold the highest market share?
What is the year-over-year growth rate of the global market?
The year-over-year growth rate for 2020 is estimated at 5.60%.
The market is concentrated, and the degree of concentration will accelerate during the forecast period. Alcon Inc., AMETEK Inc., ARC Laser GmbH, Bausch Health Companies Inc., Carl Zeiss Meditec AG, Danaher Corp., IRIDEX Corp., Nikon Corp., Optovue Inc., and Topcon Corp are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The increasing prevalence of ophthalmic diseases has been instrumental in driving the growth of the market.
Ophthalmic Diagnostic Devices Market 2020-2024: Segmentation
Ophthalmic Diagnostic Devices Market is segmented as below:
Other Ophthalmic Diagnostic Devices
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Ophthalmic Diagnostic Devices Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our ophthalmic diagnostic devices market report covers the following areas:
Ophthalmic Diagnostic Devices Market size
Ophthalmic Diagnostic Devices Market trends
Ophthalmic Diagnostic Devices Market analysis
This study identifies technological advances as one of the prime reasons driving the ophthalmic diagnostic devices market growth during the next few years.
Ophthalmic Diagnostic Devices Market 2020-2024: Vendor Analysis
We provide a detailed analysis of vendors operating in the ophthalmic diagnostic devices market, including some of the vendors such as Alcon Inc., AMETEK Inc., ARC Laser GmbH, Bausch Health Companies Inc., Carl Zeiss Meditec AG, Danaher Corp., IRIDEX Corp., Nikon Corp., Optovue Inc., and Topcon Corp. Backed with competitive intelligence and benchmarking, our research reports on the ophthalmic diagnostic devices market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Ophthalmic Diagnostic Devices Market 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist ophthalmic diagnostic devices market growth during the next five years
Estimation of the ophthalmic diagnostic devices market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the ophthalmic diagnostic devices market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of ophthalmic diagnostic devices market vendors
Table of Contents:
Value chain analysis
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
Five Forces Summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Product
Comparison by Product placement
OCT - Market size and forecast 2019-2024
Fundus camera - Market size and forecast 2019-2024
Perimeters - Market size and forecast 2019-2024
Biometers - Market size and forecast 2019-2024
Other ophthalmic diagnostic devices - Market size and forecast 2019-2024
Market opportunity by Product
North America - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
APAC - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Drivers, Challenges, and Trends
Volume driver - Demand led growth
Volume driver - Supply led growth
Volume driver - External factors
Volume driver - Demand shift in adjacent markets
Price driver - Inflation
Price driver - Shift from lower to higher-priced units
Market positioning of vendors
ARC Laser GmbH
Bausch Health Companies, Inc.
Carl Zeiss Meditec AG
Scope of the report
Currency conversion rates for US$
List of abbreviations
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