Overview

Looking up: An aging population and higher disposable income will bolster revenue

IBISWorld’s Ophthalmic Instrument Manufacturing Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Ophthalmic Instrument Manufacturing industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Advancements in surgical techniques have made eye surgery quicker and less painful
  • International demand for eyecare services and ophthalmic equipment strongly grew
  • More affordable access to vision correcting services will also drive demand for ophthalmic equipment

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    Industry Analysis & Industry Trends

    Over the five years to 2016, the Ophthalmic Instrument Manufacturing industry has benefited from a progressively aging US population, as eye problems closely associated with age, which increased demand for ophthalmic equipment sold by this industry. Advancing age has sent seniors, in increasing numbers, to optometrists to seek corrections for common refractive eye disorders, such as nearsightedness. Furthermore, corrective vision procedures have become more affordable for US consumers over the past five years, as increasing employment, disposable incomes and expanding access to health insurance encouraged more people to seek professional eyecare services. A projected continuation of these trends should support the industry in the five years to 2021...

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    Industry Report - Industry Locations Chapter

    Establishments in the Ophthalmic Instrument Manufacturing industry typically locate themselves close to metropolitan areas with high-tech manufacturing capabilities and sophisticated engineering capabilities nearby. Industry manufacturing is driven in part by technological improvements; consequently, operators highly value medical and technical wherewithal. The highest concentration of establishments is in California at 18.4% of total industry establishments. California has a large technology focus in its San Francisco and Los Angeles metropolitan areas. Major player Carl Zeiss Meditec has both of its industry-relevant operations in California. Staar Surgical and IRIDEX Corporation are also based in the state. Oth..

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    Additional Insights for the Ophthalmic Instrument Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Ophthalmic Instrument Manufacturing Industry are

  • Access to the latest available and most efficient technology and techniques
  • Undertaking technical research and development
  • Protection of intellectual property/copyrighting of output
  • IBISWorld analysts also discuss how external factors such as Number of adults aged 65 and older and Number of people with private health insurance in the Ophthalmic Instrument Manufacturing industry impact industry performance..

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    Look under the hood?

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    Industry Products

    What is the Ophthalmic Instrument Manufacturing Industry?

    This industry manufactures ophthalmic diagnostic instruments and surgical equipment used in eye-related medical procedures. Examples of diagnostic equipment include optical coherence tomography scanners, ophthalmic ultrasound systems, cameras, scopes, tonometers and lighting equipment. Examples of surgical equipment include ophthalmic lasers, as well as cataract, glaucoma, refractive and other surgery devices.

    Industry Products
    Surgical systems and instruments
    Diagnostic equipment
    Laser surgical equipment
    Industry Activities
    surgical systems and instruments
    eye-care diagnostic equipment
    laser equipment

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Number of adults aged 65 and older
  • Number of people with private health insurance
  • Per capita disposable income
  • Trade-weighted index

  • Current Performance
  • An aging population increases industry demand
  • Growing healthcare coverage and vibrant economy
  • Increasing international trade
  • Industry structure and profit
  • Chart: Revenue Growth

  • Industry Outlook
  • Aging population, greater healthcare coverage
  • Industry participation, trade and profit
  • Technological advancements
  • Table: Ophthalmic Instrument Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Ophthalmic Instrument Manufacturing Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Eye Glasses & Contact Lens Stores
  • Specialist Doctors
  • Optometrists
  • Hospitals

  • Key Selling Industries
  • Copier & Optical Machinery Manufacturing
  • Glass Product Manufacturing
  • Plastic & Resin Manufacturing

  • Products & Services
  • Surgical systems and instruments
  • Diagnostic equipment
  • Laser surgical equipment
  • Chart: Ophthalmic Instrument Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Specialist ophthalmologists
  • Exports
  • Primary care eye doctors
  • Chart: Major Market Segmentation for the Ophthalmic Instrument Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther
  • Chart: Cost Structure Benchmarking – Sector vs Ophthalmic Instrument Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Ophthalmic Instrument Manufacturing Industry

  • Industry Globalization
    Major Companies
    Alcon Inc.Carl Zeiss Meditec GroupAbbott Medical OpticsValeant Pharmaceuticals International Inc.
  • Table: Alcon Inc. - financial performance
  • Table: Carl Zeiss Meditec Group - financial performance
  • Table: Abbott Medical Optics - financial performance
  • Table: Valeant Pharmaceuticals International Inc. - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Ophthalmic Instrument Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Ophthalmic Instrument Manufacturing Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Exports (2007-2021)
  • Imports (2007-2021)
  • Wages (2007-2021)
  • Number of adults aged 65 and older (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Age-Related Macular Degeneration
  • A medical condition caused by damage to the macula or small spot near the center of the retina, which reduces an individual's ability to see.
  • Cataract
  • A clouding of the eye's lens, which impairs vision and could lead to blindness.
  • Glaucoma
  • A group of diseases that cause damage to the eye's optic nerve.
  • Medicare
  • A government program medical insurance for persons aged 65 and over and for certain disabled persons under 65.
  • Ophthalmologist
  • A physician that specializes in the study and treatment of defects and diseases of the eye.
  • Refractive Error
  • An error in the focusing of light by the eye and a frequent reason for reduced visual acuity.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Ophthalmic Instrument Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Ophthalmic Instrument Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Ophthalmic Instrument Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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