Market Trends of USA Ophthalmic Devices Industry
This section covers the major market trends shaping the USA Ophthalmic Devices Market according to our research experts:
Contact Lens are Expected to Register a Significant Growth in the United States Ophthalmic Devices Market Over the Forecast Period
Contact lenses, or simply contacts, are thin lenses placed directly on the surface of the eyes. Contact lenses correct most vision problems, including near-sightedness (myopia), blurred vision, farsightedness (hyperopia), and astigmatism. The contact lenses segment is anticipated to witness growth in the United States ophthalmic devices market owing to the factors such as a rise in the prevalence of eye diseases, an increase in the utilization of contact lenses due to convenience, and a rise in product launches. For instance, as per the October 2022 update from right Focus Foundation, more than 3 million Americans are living with glaucoma, 2.7 million of whom (aged 40 and older) are affected by its most common form, open-angle glaucoma.
Furthermore, product launches, collaboration, and partnerships are anticipated to drive market growth over the forecast period. For instance, in September 2022, Johnson & Johnson Vision Care, Inc, launched its newest innovation, ACUVUE OASYS MAX 1-DAY contact lenses and ACUVUE OASYS MAX 1-Day MULTIFOCAL contact lenses for presbyopia. Similarly, in January 2022, Alcon launched its DAILIES TOTAL1 for Astigmatism, the first and only Water Gradient contact lens for patients with astigmatism. This launch extended Alcon's portfolio of premium, daily disposable lenses, which already include DAILIES TOTAL1 (sphere) and DAILIES TOTAL1 Multifocal, with a high-performing lens designed for astigmatic patients.
As a result of the rise in ocular disorders, the rise in the number of new contact lens products, and the spike in ophthalmology device technological breakthroughs, the contact lens segment is anticipated to boost the market growth over the forecast period.
Laser Segment is Expected to Register a Significant Growth in the United States Ophthalmic Devices Market Over the Forecast Period
An ophthalmic laser is a medical device used to target ophthalmic cells to operate ophthalmic disorders. Ophthalmic lasers are used for treating a wide range of eye problems. They are used in various ophthalmic disorder procedures, including cataract surgery, laser trabeculoplasty, retinal photocoagulation, and laser iridotomy. The ophthalmic laser segment is anticipated to witness growth in the United States ophthalmic devices market owing to the factors such as a rise in the prevalence of eye diseases, an increase in the utilization of ophthalmic lasers in ophthalmic surgery, and a rise in product launches. For instance, as per the article published in November 2022 in PubMed, laser refractive surgery is likely to address the amblyogenic refractive error in children, and that it appears to decrease anisometropia.
Furthermore, product launches, collaboration, and partnerships are anticipated to drive market growth over the forecast period. For instance, in December 2021, LASEROPTEK Co., Ltd. received 510(k) clearance from the FDA for its PicoLO Premium picosecond pulse Nd: YAG laser. Similarly, Zeiss introduced new devices and software applications as part of its medical ecosystem. The technology includes the Zeiss-patented Quattro Pump, which delivers chamber stability independent of IOP and flow. The Quatera 700 increases a surgeon's workflow efficiency from the clinic to the operating room, enabling one digitally integrated surgical workflow. In addition, in August 2022, The approvals and launches of such innovative products in the United States are expected to boost the growth of the market during the forecast period.
As a result of the surge in ocular disorders and the rise in the number of laser product launches, the laser segment is anticipated to boost market growth over the forecast period.
