The global Ophthalmic Ultrasound Devices market size is expected to be worth around US$ 887.7 million by 2030, according to a new report by Vision Research Reports.
The global Ophthalmic Ultrasound Devices market size was valued at US$ 487.50 million in 2020 and is anticipated to grow at a CAGR of 9.36% during forecast period 2021 to 2030.
|Market Size||US$ 887.7 million by 2030|
|Growth Rate||CAGR of 9.36% From 2021 to 2030
|Forecast Period||2021 to 2030|
|Segments Covered||Product, Mobility, End-use|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||Halma plc; Nidek Co.Ltd.; Quantel Medical; Optos; Escalon Medical Corp.; Appasamy Associates; MicroMedical Devices; DGH Technology; Ellex; Carl Zeiss Meditech|
Increasing incidence of diabetes, rising prevalence of ophthalmic disorders, such as cataract and proliferative diabetic retinopathy, growing awareness about cataract surgeries, and the introduction of technologically advanced ophthalmic ultrasounds are among the major factors anticipated to drive the market during the forecast period.
The rising burden of ophthalmic ailments, such as retinal & cataract detachments, and increased demand for effective and efficient imaging tools are further expected to drive the market growth. In addition, numerous novel product launches and technological advancements are expected to contribute to the market growth during the forecast period.
The introduction of advanced technology with integrated scanning features is anticipated to replace the current conventional devices. An increasing number of non-profit as well as private Ambulatory Surgical Centers(ASCs) and ophthalmic clinics in developing countries is expected to play an important role in boosting the global market growth.
By Product Analysis
Based on product, the market is segmented into A-scan, B-scan, combined, pachymeter, and ultrasound biomicroscope. The A-scan product segment held the largest market share of 29.6% in 2020. High usage of A-scan devices for pre-operative visualization of a detached retina in cases, such as vitreous hemorrhage, peri-orbital trauma, or lens opacification, is one of the major factors anticipated to foster the segment growth.
The B-scan segment is expected to grow at a CAGR of 9.30% during the forecast period. The increasing reach of these compact, affordable, lightweight, and multifunctional devices is expected to fuel the segment growth. The B-scan ultrasound system is two-dimensional as well as a cross-section brightness scan.
By Mobility Analysis
Based on mobility, the market is classified into standalone and portable/handheld devices. The standalone devices segment held the largest revenue share of more than 54% in 2020 owing to the factors, such as affordability and easy availability & handling.
The portable devices segment is anticipated to grow at the fastest CAGR during the forecast period. Space constraints in ophthalmologist clinics, frequent introduction of portable ocular ultrasounds with advanced features at affordable pricing, and growing standards of healthcare across the globe are expected to aid the growth of this segment.
By End-use Analysis
Based on end-use, the global market is segmented into Ambulatory Surgical Centers (ASCs), hospitals, and ophthalmic clinics. The hospitals segment accounted for the largest market share of more than 35% in 2020.
Enormous patient pool, availability of advanced technology, and favorable government programs are other key factors predicted to drive the segment growth over the coming years.
The ophthalmic clinics segment had a considerable market share in 2020. The growing number of ophthalmologists in developing countries is expected to have a significant impact on the market growth with a steep rise in the number of ophthalmic clinics.
By Regional Analysis
North America dominated the market with the largest revenue share of 38% owing to the high demand for technologically advanced medical devices, such as A-scan, B-scan, and combined devices.
Europe accounted for the second-largest share in 2020. The presence of several ophthalmology societies including the European Society of Cataract and Refracting Surgeons as well as the European Society of Ophthalmology (ESC)
Asia Pacific is anticipated to grow at the fastest CAGR over the forecast period owing to high unmet needs along with developing healthcare infrastructure, especially in Japan and India. Furthermore, the presence of domestic manufacturers & suppliers and the prevalence of ophthalmic disorders are expected to drive the regional market.
NIDEK CO. Ltd.
Escalon Medical Corp
Carl Zeiss Meditech
Ultrasound Bio Microscope
Ambulatory Surgical Centers
Middle East and Africa
The Ophthalmic Ultrasound Devices market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Ophthalmic Ultrasound Devices market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Ophthalmic Ultrasound Devices market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Ophthalmic Ultrasound Devices market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Ophthalmic Ultrasound Devices market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Ophthalmic Ultrasound Devices capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Ophthalmic Ultrasound Devices by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Ophthalmic Ultrasound Devices market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Ophthalmic Ultrasound Devices market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Ophthalmic Ultrasound Devices market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Ophthalmic Ultrasound Devices industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Ophthalmic Ultrasound Devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Ophthalmic Ultrasound Devices market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Ophthalmic Ultrasound Devices market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Ophthalmic Ultrasound Devices market. These factors have benefited the growth of the global market for Ophthalmic Ultrasound Devices. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Ophthalmic Ultrasound Devices. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Ophthalmic Ultrasound Devices are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
To strategically profile the key players and comprehensively analyze their growth strategies.