United Kingdom Ophthalmology Devices Market Size, Share, and COVID-19 Impact Analysis, By Product (Optical Coherence Tomography Scanners, Fundus Cameras, Perimeters/Visual Field Analysers, Autorefractors & Keratometers, Ophthalmic Ultrasound Imaging Systems, and Others), By End-use (Hospitals & Eye Clinics, Academic & Research Laboratory, and Others), and United Kingdom Ophthalmology Devices Market Insights, Industry Trend, Forecasts to 2033

United Kingdom Ophthalmology Devices Market Insights Forecasts to 2033

• The U.K. Ophthalmology Devices Market is growing at a CAGR of 4.95% from 2023 to 2033
• The U.K. Ophthalmology Devices Market Size is expected to hold a significant share by 2033

The United Kingdom Ophthalmology Devices Market is anticipated to hold a significant share by 2033, growing at a CAGR of 4.95% from 2023 to 2033. The growing prevalence of eye diseases and technological advancements in ophthalmic devices are driving the growth of the ophthalmology devices market in the UK.     

Market Overview

Ophthalmology devices market is the industry encompassing medical equipment and devices used for diagnosis, treatment, and correction of vision problems and eye diseases. Ophthalmology devices are the medical instruments and tools used in optometry and ophthalmology for diagnosing, treating, and managing eye conditions, ranging from simple vision correction to complex surgeries. The devices include contact lenses, intraocular lenses, and glaucoma stents. The growing rates of eye disorders such as cataract, glaucoma, and diabetes retinopathy along with the awareness of eye health are responsible for propelling the market for ophthalmology devices. Devices like femtosecond lasers and phacoemulsification systems are some of the technological advancements that enhance the precision of surgeries. The expanding adoption of advanced devices like phacoemulsification for effective treatment of cataract surgeries and the use of premium IOLs offer lucrative market growth opportunities.   

Report Coverage

This research report categorizes the market for the UK ophthalmology devices market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United Kingdom ophthalmology devices market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the UK ophthalmology devices market.

Driving Factors

The growing prevalence of eye diseases particularly cataracts and diabetic retinopathy along with the comparable risk of ARMD and OAG is driving the market for ophthalmology devices. The technological advancements in ophthalmic devices including digital retinal imaging, minimally invasive procedures, and AI-powered diagnostics for improved accuracy and efficiency in the diagnosis and treatment of eye conditions are propelling the market growth. The growing awareness of eye health and the rising geriatric population in the country are propelling the ophthalmology devices market growth.

Restraining Factors

The risk associated with ophthalmic procedures hinders its adoption, thereby restraining the market growth. Further, the limited healthcare spending, increased costs, and restricted accessibility are hampering the market expansion.

Market Segmentation

The United Kingdom ophthalmology devices market share is classified into product and end-use.  

• The optical coherence tomography scanners segment dominated the market with the largest revenue share in 2023 and is expected to grow at a significant CAGR during the projected period.

The United Kingdom ophthalmology devices market is segmented by product into optical coherence tomography scanners, fundus cameras, perimeters/visual field analysers, autorefractors & keratometers, ophthalmic ultrasound imaging systems, and others. Among these, the optical coherence tomography scanners segment dominated the market with the largest revenue share in 2023 and is expected to grow at a significant CAGR during the projected period. Optical coherence tomography scanners are non-invasive imaging techniques used for performing optical biopsies. Further, the portability and compactness of this device drive the market in the OCT scanners segment.

• The hospitals & eye clinics segment dominated the market with the largest share in 2023 and is expected to grow at a significant CAGR during the projected period.

The United Kingdom ophthalmology devices market is segmented by end-use into hospitals & eye clinics, academic & research laboratory, and others. Among these, the hospitals & eye clinics segment dominated the market with the largest share in 2023 and is expected to grow at a significant CAGR during the projected period. In hospitals and eye clinic centers, ophthalmic devices facilitate precise assessment and enable healthcare professionals for accurate diagnoses of eye conditions and improve patient outcomes. The increased adoption of ophthalmic devices in hospitals and low-cost & effective treatment provided in clinics propels the market.   

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the U.K. ophthalmology devices market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Alcon Inc.
• Bausch Health Companies Inc.
• Carl Zeiss Meditec AG
• HAAG-Streit Group (Metall Zug AG)
• IRIDEX Corporation
• Johnson and Johnson
• Nidek Co. Ltd
• Topcon Corporation
• CooperVision
• Ziemer Ophthalmic Systems AG
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In August 2022, Alcon has announced plans to launch a new contact lens for patients with astigmatism in the UK and Ireland from September. The launch of Dailies Total1 for Astigmatism expands Alcon’s portfolio of daily disposable lenses which includes Dailies Total1 and Dailies Total1 Multifocal.

Market Segment

This study forecasts revenue at U.K., regional, and country levels from 2020 to 2033. Spherical Insights has segmented the United Kingdom ophthalmology devices Market based on the below-mentioned segments:

UK Ophthalmology Devices Market, By Product

• Optical Coherence Tomography Scanners
• Fundus Cameras
• Perimeters/Visual Field Analysers
• Autorefractors & Keratometers
• Ophthalmic Ultrasound Imaging Systems
• Others

UK Ophthalmology Devices Market, By End-use

• Hospitals & Eye Clinics
• Academic & Research Laboratory
• Others