The global market for ophthalmic devices, diagnostics, and surgical equipment was valued at $15.2 billion in 2009, up from $13.5 billion in 2007. The market is estimated to reach $19 billion in 2014, an increase of nearly $4 billion over the forecast period and a compound annual growth rate (CAGR) of 4.6% from 2009 to 2014.
Contact lenses, including both functional and cosmetic lenses, account for 43% of the worldwide market. This segment was worth $6.6 billion in 2009 and is expected to increase to $7.7 billion in 2014, a compound annual growth rate (CAGR) of 3.3%.
Surgical equipment generated a market worth $5.5 billion in 2009, accounting for 36% of the total market. By 2014, this sector will be valued at an estimated $7.3 billion, a compound annual growth rate (CAGR) of 5.9%.
STUDY GOALS AND OBJECTIVES
The BCC report, Global Markets for Ophthalmic Devices, Diagnostics, and Surgical Equipment, provides a comprehensive description of conditions and diseases affecting the eye and products used for treatment. The study includes information regarding incidence and prevalence of eye conditions and risk factors associated with those conditions. Major product segments with in-depth market and competitive analysis included in each segment discuss ophthalmic devices, diagnostics, and surgical procedures. Research and development activities are included with an emphasis on segments offering benefits to aging populations.
REASONS FOR DOING THE STUDY
The aging of the population around the world will result in a rapid increase in the 65-and-over population by 2030, a population that accounts for the highest incidence and prevalence of eye conditions and diseases. This sets the stage for increased research and development activities, speedy market approvals, and higher awareness through education. Additionally, current market competitors will endure pressure from the industry to continually provide advances in therapies and equipment and to compete with emerging competitors, who focus significantly on unmet needs of the ophthalmic industry, including treatments for back of the eye conditions. The industry is likely to experience a burst of new products and heavy competition as the ophthalmic market advances.
SCOPE OF REPORT
This BCC report is designed to be a helpful business tool to provide a thorough evaluation of the ophthalmic device, diagnostic, and surgical market. The geographical scope is worldwide with emphasis on key markets such as the United States. The report identifies products by product type and where applicable by disease type.
Within the Global Market for Ophthalmic Devices, Diagnostics, and Surgical Equipment, three general areas are identified with appropriate subsegments discussed. These include:
Ophthalmic Diagnostic Market
oOphthalmic Imaging Equipment
oNonimaging Exam Diagnostics
oOther Diagnostic Equipment and Peripherals
Contact Lens Market
oGas Permeable Lenses
Ophthalmic Surgical Market
oOphthalmic Lasers, Phacoemulsification Systems, and Related Equipment
oShunts and Other Drainage Devices
oOther Surgical Devices and Equipment.
The information for this BCC report was obtained through primary and secondary data collection methods. Primary methods included interviews with key executives, product managers, and clinical specialists involved in the ophthalmic drug industry. Secondary methods included published literature in the area of ophthalmic devices and equipment, investment reports, company literature, and various medical and business journals.
All market data pertains to the global market at the manufacturers’ level. Data are expressed in current U.S. dollars. The base year of the report is 2009, with historical data provided for 2007 and 2008 and forecast data provided through 2014. Historical, base year, and forecast data are provided for each market segment of the report. Competitor market shares are provided for each market segment for the 2009 base year.
Melissa Elder is an experienced healthcare market analyst, specializing in prescription and over-the-counter pharmaceuticals, medical devices, animal health products, and emerging healthcare technologies. Ms. Elder has more than 13 years of experience in the healthcare industry, specializing in market research for the past 10 years. This experience has given her substantial insight into pharmaceutical market analysis. Her work in the medical community, including emergency room medical training and healthcare information system coordination, has enhanced her ability to provide insight into many healthcare markets.
BCC ONLINE SERVICES
BCC offers an online information retrieval service. BCC’s home page, located at www.bccresearch.com, enables readers to:
Examine BCC’s complete catalog of Market Research Reports and place direct orders
Subscribe to any of BCC’s many industry newsletters
Read announcements of recently published reports and newly launched newsletters
Register for BCC’s well-known conferences
Request additional information on any BCC product
Take advantage of special offers
The information developed in this report is intended to be as reliable as possible at the time of publication and of a professional nature. This information does not constitute managerial, legal, or accounting advice; nor should it serve as a corporate policy guide, laboratory manual, or an endorsement of any product, as much of the information is speculative in nature. The author assumes no responsibility for any loss or damage that might result from reliance on the reported information or its use.
Need a custom data table, graph or complete report? Tell us more.
Join our mailing list for the latest report releases and upcoming event notifications.
Thank you for your interest in BCC Research. You will be added to our mailing list.
BCC Research provides objective, unbiased measurement and assessment of market opportunities with detailed market research reports. Our experienced industry analysts assess growth opportunities, market sizing, technologies, applications, supply chains and companies with the singular goal of helping you make informed business decisions, free of noise and hype.