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Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....
Ophthalmic Surgical Technologies Market: By Product Type, By Indication, By End-User, and Region Forecast 2019-2030
Ophthalmic Surgical Technologies Market: By Product Type, By Indication, By End-User, and Region Forecast 2019-2030
Ophthalmic Surgical Technologies Market size was valued at US$ 1097.5 million in 2023 and is poised to grow at a CAGR of 5.92% during the forecast period 2024-2030. Ophthalmic surgery or ocular surgery is performed on eye or its adnexa. Most common eye disorders are glaucoma, cataract, and diabetic retinopathy. Market are carried by various technologies such as femtosecond system, excimer laser systems, and laser ophthalmic surgical systems among others. Global market is poised to grow at a significant CAGR owing to increase in the prevalence of ophthalmic diseases. According to World Health Organization 2017, approximately 253 Mn people are living with vision impairment, 36 Mn are blind, and 217 Mn are suffering from moderate to severe impairment.
Moreover, development of newer technologies with minimally invasive surgical procedures expected to upsurge the revenue of market. For instance, in November 2015, Alcon, a division of Novartis, introduced Contoura Vision, a latest advancement in wavelight refractive portfolio to treat nearsightedness or nearsightedness with astigmatism in patients by using laser procedure. Moreover, market players acquiring the competitors business to strengthen their market position. For instance, in September 2016, Johnson & Johnson acquired Abbott Medical Optics business segment including laser refractive surgery, cataract surgery, and consumer eye health.
Study Period
2024-2030Base Year
2023CAGR
5.92%Largest Market
North AmericaFastest Growing Market
Asia Pacific
Increase in the prevalence of eye diseases, rise in demand for minimally invasive surgical procedures, innovation of newer technologies for ophthalmic surgeries, and rise in geriatric population are anticipated to fuel the ophthalmic surgical technologies market over the forecast years. Moreover, government initiations to prevent the blindness, untapped market in developing countries, and sophisticated healthcare infrastructure in developed countries are anticipated to boost the market. However, high cost of surgical procedures, complication with laser surgeries, availability of alternatives for retinal surgeries, and lack of skilled professionals may restrain the growth of the market over the forecast period.
Geographically, ophthalmic surgical technologies market segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America market accounted for significant share due to increase in the incidence of cataract and glaucoma surgeries in U.S. Europe market exhibiting lucrative growth rate owing to adoption of newer technologies and increase in the prevalence of visual impairment. Asia Pacific market has a notable share due to increase in geriatric population in India, Japan, and China, rise in medical tourism due to low cost of treatment, and development in healthcare infrastructure. Latin America market is growing due to rise in prevalence of glaucoma surgeries, adoption of newer surgical procedures, and launching of newer products by market players in the region.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 1097.5 million |
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Market CAGR |
5.92% |
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By Product Type |
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By Indication |
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By End User |
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By Region |
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The global ophthalmic surgical technologies market size was valued at US$ 1097.5 million in 2023 and is projected to grow at a CAGR of 5.92%
Topcon Corporation, Alcon Laboratories, Inc, Johnson and Johnson Vision Care, Inc, Carl Zeiss Meditek AG, Bausch & Lomb Inc, STAAR Surgical
North America is the fastest-growing region for ophthalmic surgical technologies market
| 1.Executive Summary |
| 2.Global Ophthalmic Surgical Technologies Market Introduction |
| 2.1.Global Ophthalmic Surgical Technologies Market - Taxonomy |
| 2.2.Global Ophthalmic Surgical Technologies Market - Definitions |
| 2.2.1.Product Type |
| 2.2.2.Indication |
| 2.2.3.End User |
| 2.2.4.Region |
| 3.Global Ophthalmic Surgical Technologies Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Ophthalmic Surgical Technologies Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Ophthalmic Surgical Technologies Market By Product Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Excimer Laser Systems |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Femtosecond System |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Phacoemulsification Systems |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. YAG Laser Systems |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Others |
| 5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 6.Global Ophthalmic Surgical Technologies Market By Indication, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Refractive Surgery |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Retinal Surgery |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Cataract Surgery |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Glaucoma Surgery |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Others |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 7.Global Ophthalmic Surgical Technologies Market By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. Hospitals |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Ambulatory Surgical Centers |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Eye Care Centers |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 8.Global Ophthalmic Surgical Technologies Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9.North America Ophthalmic Surgical Technologies Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Excimer Laser Systems |
| 9.1.2.Femtosecond System |
| 9.1.3.Phacoemulsification Systems |
| 9.1.4.YAG Laser Systems |
| 9.1.5.Others |
| 9.2. Indication Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Refractive Surgery |
| 9.2.2.Retinal Surgery |
| 9.2.3.Cataract Surgery |
| 9.2.4.Glaucoma Surgery |
| 9.2.5.Others |
| 9.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Hospitals |
| 9.3.2.Ambulatory Surgical Centers |
| 9.3.3.Eye Care Centers |
| 9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10.Europe Ophthalmic Surgical Technologies Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Excimer Laser Systems |
| 10.1.2.Femtosecond System |
| 10.1.3.Phacoemulsification Systems |
| 10.1.4.YAG Laser Systems |
| 10.1.5.Others |
| 10.2. Indication Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Refractive Surgery |
| 10.2.2.Retinal Surgery |
| 10.2.3.Cataract Surgery |
| 10.2.4.Glaucoma Surgery |
| 10.2.5.Others |
| 10.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Hospitals |
| 10.3.2.Ambulatory Surgical Centers |
| 10.3.3.Eye Care Centers |
| 10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 10.4.6.Rest of EU |
| 11.Asia Pacific (APAC) Ophthalmic Surgical Technologies Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Excimer Laser Systems |
| 11.1.2.Femtosecond System |
| 11.1.3.Phacoemulsification Systems |
| 11.1.4.YAG Laser Systems |
| 11.1.5.Others |
| 11.2. Indication Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Refractive Surgery |
| 11.2.2.Retinal Surgery |
| 11.2.3.Cataract Surgery |
| 11.2.4.Glaucoma Surgery |
| 11.2.5.Others |
| 11.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Hospitals |
| 11.3.2.Ambulatory Surgical Centers |
| 11.3.3.Eye Care Centers |
| 11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12.Middle East and Africa (MEA) Ophthalmic Surgical Technologies Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Excimer Laser Systems |
| 12.1.2.Femtosecond System |
| 12.1.3.Phacoemulsification Systems |
| 12.1.4.YAG Laser Systems |
| 12.1.5.Others |
| 12.2. Indication Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Refractive Surgery |
| 12.2.2.Retinal Surgery |
| 12.2.3.Cataract Surgery |
| 12.2.4.Glaucoma Surgery |
| 12.2.5.Others |
| 12.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Hospitals |
| 12.3.2.Ambulatory Surgical Centers |
| 12.3.3.Eye Care Centers |
| 12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13.Latin America Ophthalmic Surgical Technologies Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Excimer Laser Systems |
| 13.1.2.Femtosecond System |
| 13.1.3.Phacoemulsification Systems |
| 13.1.4.YAG Laser Systems |
| 13.1.5.Others |
| 13.2. Indication Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Refractive Surgery |
| 13.2.2.Retinal Surgery |
| 13.2.3.Cataract Surgery |
| 13.2.4.Glaucoma Surgery |
| 13.2.5.Others |
| 13.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Hospitals |
| 13.3.2.Ambulatory Surgical Centers |
| 13.3.3.Eye Care Centers |
| 13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.Topcon Corporation (Japan) |
| 14.2.2.Alcon Laboratories, Inc. (Novartis AG) (U.S.) |
| 14.2.3.Johnson and Johnson Vision Care, Inc. (U.S.) |
| 14.2.4.Carl Zeiss Meditek AG (Germany) |
| 14.2.5.Bausch & Lomb Inc. (U.S.) |
| 14.2.6.STAAR Surgical (U.S.) |
| 14.2.7.Essilor (France) |
| 14.2.8.Hoya Corporation (Japan) |
| 14.2.9.Nidek Co., Ltd. (Japan) |
| 14.2.10.Lumenis (Israel) |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
Key Market Players
Author
Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthcare domain, encompassing pharmaceuticals, medical devices, and diagnostics. A graduate in Pharmacy, he possesses a strong foundation in the intricacies of the healthcare sector. He further enhanced his expertise by pursuing an MBA in Pharmaceuticals, equipping him with valuable business acumen. His analytical skills and market insights have contributed to strategic decision-making and enhanced market positioning for various healthcare organizations. Committed to driving innovation and excellence, Muni continues to seek opportunities to improve healthcare delivery through data-driven insights.