Renub Research

Global Ophthalmic Device market will be more than US$ 60 Billion by 2024

Press Release   •   Apr 10, 2018 01:49 EDT

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According to a market research report on ophthalmic devices by Renub Research Global Ophthalmic Device Market is predicted to cross the figure of USD 60 Billion by the end of year 2024. Ophthalmology is the division of medicine that studies the anatomy, physiology and diseases related to eye. In order to treat different kind of eye diseases and infections ophthalmology devices are mainly used by ophthalmologists. As with the help of Ophthalmic Devices an ophthalmologists can treat the patient quickly and offer better quality eye care. This is one of primary reason that many medicine companies, medical device manufacturers, healthcare firms are taking pains to launch new and better ophthalmic devices year on year in order to retain their market share.

Although there are various companies working in the field of ophthalmic devices, so we have captured top 8 companies Overview, Business Strategy, Mergers and Acquisitions (M&A) and Financial Insights. The companies which have been covered in the report are as follows: Carl Zeiss, Valeant Pharmaceuticals International, Alcon Laboratories, Inc., Ellex Medical Lasers, Topcon Corporation, Inc., Escalon Medical and Iridex Corporation.

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Who is an Ophthalmologist?

A specialist in the field of medical and surgical eye disease is known as an ophthalmologist. An ophthalmologist is a medical doctor with additional 8 years of medicine study. These 8 years includes a doctorate degree in medicine, followed by ophthalmology residency training of 4 years. An ophthalmologist is allowed to diagnoses and performs all kind of treatment for eye diseases. They can prescribe glasses or contact lenses to correct problems related to vision. An ophthalmologist can also do eye surgery, laser surgery if it’s required for patient.

Global Ophthalmic Device Market and its Sub Segments

Global Ophthalmic Device market consists of three main segments Surgical Instruments, Diagnostics & Monitoring Devices and Vision Care Products. These 3 segments are further divided into various sub-segments.

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Sub-segments of Diagnostics & Monitoring Devices

Fundus Camera: A particular low power microscope attached with a camera is known as fundus camera. Its optical design is based on the indirect ophthalmoscope. A fundus camera is described by the angle of view, i.e. the optical angle of acceptance of the lens. An angle of 30 degree is considered as the normal angle of view which creates a film image nearly 2.5x larger than life while wide angle fundus cameras capture images between 45 degree and 140 degree and provide proportionately less retinal magnification. An angle of 20 degree or less is considered as a narrow angle fundus camera.

Optical Coherence Tomography Scanner: It is a medical device which uses coherent light to take micrometer-resolution, two- and three-dimensional images from within optical scattering media.


Tonometer: For measuring internal pressure of eye tonometers are used. This is an important test to check patients who are at risk of glaucoma.

Refractive Error Surgery: The procedure of improving patients’ vision affected by refractive error such as Astigmatism, Hyperopia, and Myopia.

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