OPHTHALMOLOGY DIAGNOSTICS AND SURGICAL DEVICES MARKET ANALYSIS

Ophthalmology Diagnostics And Surgical Devices MarketSize and Trends

The global ophthalmology diagnostics and surgical devices market is estimated to account for US$ 43,047.7 Mn in terms of value in 2020 and is expected to reach US$ 67,449.1 Mn by the end of 2027.

Vision care held dominant position in the global ophthalmology diagnostics and surgical devices market in 2019, accounting for 70.2% share in terms of value, followed by Surgical and Diagnostic, respectively

Figure 1. Global Ophthalmology Diagnostics and Surgical Devices Market Share (%), by Value, by Type, 2019

The global ophthalmology diagnostics and surgical devices market was valued at US$ 40,381.6 Mn in 2019 and is forecast to reach a value of US$ 67,449.1 Mn by 2027 at a CAGR of 6.6% between 2020 and 2027.

Figure 2. Global Ophthalmology Diagnostics and Surgical Devices Market Value (US$ Mn), and Y-o-Y Growth (%), 2019-2027

Market Trends/Key Takeaways

The market is witnessing significant development in iOCT. For instance, in February 2019, the study ‘Intraoperative optical coherence tomography of a dislocated intraocular lens’, published in the Journal of Ophthalmic and Vision Research, reported that iOCT can be used to successfully explant a dislocated intraocular lens without causing any retinal breaks.

The market is also witnessing significant use 3D technologies in ocular surgeries. For instance, the study, ‘THE INTEGRATIVE SURGICAL THEATER: Combining Intraoperative Optical Coherence Tomography and 3D Digital Visualization for Vitreoretinal Surgery in the DISCOVER Study’, published in September 2018, in the journal Retina, reported that the 4K screen provided improved visualization of the OCT data stream compared with the semitransparent ocular view and that integration of OCT into the digital visualization system may enhance intraoperative diagnostics of vitreoretinal surgery.