Essilor Is One Of The Largest Players In The Vision Care Devices And Equipment Market, According To The Business Research Company’s Vision Care Devices And Equipment Global Market Report 2020-30: Covid 19 Impact And Recovery
(Companies Covered: Essilor, Johnson & Johnson, ZEISS, The Cooper Companies, Novartis, Bausch & Lomb, Nidek Co., Ltd, Valeant Pharmaceuticals, Luxottica GROUP, Escalon, Tomey Corporation, CIBA Vision Corporation, Visionix, Potec, Escalon, LuxVision, Heine Optotechnik, Luneau Technology, Heidelberg Engineering GmBH, Huvitz, STAAR Surgical Company, Swiss Advanced Vision, Visioneering Technologies, Rayner Intraocular Lenses, JiangSu HongChen Optical, JiangSu HongChen Optical.)
The global vision care devices and equipment market is expected to decline from $27.8 billion in 2019 to $21.8 billion in 2020 at a compound annual growth rate of -21.5%. The decline is mainly due to the COVID-19 outbreak and the measures to contain it. The restrictions on non-essential medical services including ophthalmology services coupled with slowed production of ophthalmic devices used for treating eye conditions, due to extended factory closures in various countries together have contributed to the decline in the growth rate. The market is then expected to recover and grow at a compound annual growth rate of 6.8% from 2021 and reach $36 billion in 2023.
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The vision care devices and equipment market consists of sales of vision care devices and equipment which are used to treat eye vision problems. These devices include contact lenses and spectacles.
Global Vision Care Devices And Equipment Market Segmentation –
1) By Type: Intraocular Lens, Ophthalmic Lasers, Glaucoma Drainage Devices, Contact Lenses, Others.
2) By End User: Vision Care, Diagnosis, Surgery.
Global Vision Care Devices And Equipment Market Driver –
Rising use of electronic devices is a continuous driver for the growth of vision care devices and equipment market. Usage of laptops, mobiles, PCs and others electronic devices has increased in the day-to-day life, which is the major factor responsible for eye-related problems.
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Few Points From The Global Vision Care Devices And Equipment Market TOC
1. Executive Summary
2. Vision care devices and equipment Market Characteristics
3. Vision care devices and equipment Market Size And Growth
3.1. Global Vision care devices and equipment Historic Market, 2015-2019, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Vision care devices and equipment Forecast Market, 2019-2023F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Vision care devices and equipment Market Segmentation
4.1. Global Vision care devices and equipment Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
4.2. Global Vision care devices and equipment Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5. Vision care devices and equipment Market Regional And Country Analysis
5.1. Global Vision care devices and equipment Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5.2. Global Vision care devices and equipment Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
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