Ophthalmology Devices Market Size, Share, Growth Analysis, By Product(Surgical & Vision Care), By Application(Cataract and Glaucoma), By End-user(Hospitals, Ophthalmic Clinics, Eye Clinics and Others), By Region - Industry Forecast 2024-2031

Drivers

Increasing Eye Infection & Eye Pain

• Eye infections are a major cause of severe eye pain. Eye pain is accompanied by symptoms such as dry eyes, burning and pain. This can be caused by many factors including foreign irritants, infection or trauma. Eyelashes or dirt particles, smoke, dust or some harsh makeup products are the most common causes of irritated, red and watery eyes. With increasing pharmaceutical industry and pollution worldwide, the prevalence of eye pain continues to show an increase. Chemical burns and flash burns cause severe eye pain and severity due to irritation of the cornea. Style and blepharitis are common causes of eye pain as they increase the sensitivity of the eye and oil glands surrounding the area.

Increasing Aging Population and Increasing Incidence of Eye Diseases

• Increasing aging population, coupled with lifestyle changes and prevalence of chronic diseases like diabetes contribute to eye diseases like macular degeneration, glaucoma and age-related macular degeneration (AMD). This demographic shift is driving the demand for diagnostic and therapeutic optical devices, as older adults require more frequent eye exams and interventions to manage eye conditions if it is age-sensitive, thus acting as an important driver of the market.

Restraints

Low Treatment Rate in Emerging Countries

• Various elements such as decrease consistent with capita healthcare expenditure, limited product accessibility, and lack of knowledge about ophthalmic sicknesses, lead to a lower number of patients present process remedy in emerging countries. For example, consistent with the article posted in 2018 in the Ophthalmologist: Clinical and Therapeutic Journal, the cataract surgical operation charge in China became 2,450 in step with million inhabitants which had been decrease in assessment to cataract surgical operation charge within the U.S. that became around eleven, 920 per million population.

High Cost of Ophthalmology Devices

• One of the most important restraints in the ophthalmology devices market is the high cost associated with the acquisition and maintenance of advanced ophthalmology devices and the high upfront capital required for these devices to be installed Can pose challenges for healthcare facilities, especially in resource-constrained settings, limiting their availability and acceptability.