Ophthalmic Instrument Manufacturing in the US - Industry Market Research Report

Looking Up: Modern Surgical Techniques Have Spurred Higher Demand for Ophthalmic Equipment

Demand for ophthalmic instruments has grown over recent years. As the population of the United States ages, the number of consumers suffering from eye conditions will rise. Older individuals are more susceptible to developing macular degeneration, cataracts, glaucoma and diabetic retinal disease. Thus, demand for ophthalmology procedures rises as the domestic population ages, boosting ophthalmic instrument sales. Improving economic conditions and rising disposable income are likely to continue driving revenue growth, as consumers can allocate more resources toward non-essential procedures. As a result, revenue has been growing at an estimated CAGR of 1.6% to $4.0 billion over the five years to 2023, including a 3.1% jump in 2023 alone.

This industry manufactures ophthalmic diagnostic instruments and surgical equipment used in eye-related medical procedures. Examples of diagnostic equipment include optical coherence tomography scanners, ophthalmic ultrasound systems, cameras, scopes, tonometers and lighting equipment. Examples of surgical equipment include ophthalmic lasers, as well as cataract, glaucoma, refractive and other surgery devices.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry's key players and their market shares.