United Kingdom Ophthalmology Devices Market Size (2024 - 2029)

The United Kingdom ophthalmology equipment market is projected to experience stable growth, driven by demographic shifts, the increasing prevalence of eye diseases, and technological advancements in ophthalmic devices. The market's expansion is supported by the demand for early diagnosis due to the rising burden of eye disorders, which has been exacerbated by the COVID-19 pandemic's impact on healthcare services. Key developments by major market players further contribute to the market's growth. However, the inherent risks associated with ophthalmic procedures may pose challenges to this growth trajectory.

Market Size of United Kingdom Ophthalmology Devices Industry

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United Kingdom Ophthalmology Devices Market Summary
Study Period 2021 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2021 - 2022
CAGR 5.00 %

Major Players

United Kingdom Ophthalmology Devices Market Major Players

*Disclaimer: Major Players sorted in no particular order

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United Kingdom Ophthalmology Devices Market Analysis

The United Kingdom Ophthalmology Devices Market is anticipated to grow with a CAGR of 5% during the forecast period.

The COVID-19 pandemic affected healthcare systems and interrupted usual care in many healthcare facilities, exposing vulnerable patients to significant risks. The pandemic significantly impacted the ophthalmology devices market. For instance, according to a study published by the British and Irish Orthoptic Journal in March 2021, it was observed that during the first peak of the pandemic, outpatient clinic appointments were reduced by 87.2%, ophthalmic surgery by 90.9%, outpatient referrals to ophthalmology by 50.2%, and ward reviews by 50%. In addition, as per the same source, 1,377 canceled appointments were recorded, and 6.8% of those were deemed teleophthalmology-eligible. Thus, the COVID-19 pandemic severely curtailed the ophthalmology service's clinical activity. In the post-pandemic period, routine ophthalmic procedures are being normally conducted. Hence the market studied is expected to have stable growth during the forecast period of the study.

Certain factors propelling the market growth are demographic shifts, the increasing prevalence of eye diseases, and technological advancements in ophthalmic devices. For instance, an article published by Eye Journal in October 2021 stated that when a prospective cross-sectional study was carried out on participants in homeless shelters in Cardiff, United Kingdom, the findings indicated a significant disparity in ocular health, visual acuity, and refractive error amongst the homeless in comparison with the general population. The burden of eye diseases among the target population is expected to raise the demand for early diagnosis, which is likely to increase the demand for ophthalmology devices, thereby boosting market growth.

Furthermore, according to the data from the Association of British Dispensing Opticians (ABDO) in October 2022, ophthalmology was the busiest outpatient specialty in the NHS of the United Kingdom, and almost 633,000 people were waiting for NHS ophthalmology appointments in May 2022. The source also stated that more than 2 million people are at risk of vision loss due to glaucoma. An estimated 1,390,000 people are living with ocular hypertension, and a further 708,000 are living with glaucoma in the United Kingdom in 2022. Hence, the high prevalence of eye disorders in the United Kingdom and its rising burden is expected to enhance the market growth.

Moreover, key developments by major market players are also boosting market growth. For instance, in November 2021, Grafton Optical, a United Kingdom-based company, launched two new ophthalmic devices FundusVue camera and the NFC-600 non-mydriatic retinal camera. The NFC-600 non-mydriatic retinal camera's key features include high-quality retinal images, portability, and connectivity. The FundusVue non-mydriatic fundus camera is designed to aid practitioners in diagnosing retinal diseases such as diabetic retinopathy, age-related macular degeneration (AMD), and glaucoma. Furthermore, in July 2021, Johnson & Johnson Vision introduced VERITAS Vision System, next-generation phacoemulsification (phaco) system designed to address three critical areas: patient safety, surgeon efficiency, and comfort in Europe, including the United Kingdom.

Hence, factors such as the rising prevalence of ophthalmic disorders and increasing key developments by major market players are boosting market growth. However, the risk associated with ophthalmic procedures is likely to restrain the market growth.

United Kingdom Ophthalmology Devices Industry Segmentation

Ophthalmology devices are medical devices used in ophthalmology and optometry. These devices range from non-invasive devices and equipment frequently used for diagnostics to invasive ones such as contact lenses (and the care products that go with them) and implantable devices like intraocular lenses and glaucoma stents.

The United Kingdom Ophthalmology Devices Market is segmented by Devices (Surgical Devices (Glaucoma Drainage Devices, Glaucoma Stents and Implants, Intraocular Lenses, Lasers, and Other Surgical Devices), Diagnostic and Monitoring Devices (Autorefractors and Keratometers, Corneal Topography Systems, Ophthalmic Ultrasound Imaging Systems, Ophthalmoscopes, Optical Coherence Tomography Scanners, and Other Diagnostic and Monitoring Devices), and Vision Correction Devices(Spectacles and Contact Lenses)). The report offers value (in USD million) for the above segments.

By Devices
Surgical Devices
Glaucoma Drainage Devices
Glaucoma Stents and Implants
Intraocular Lenses
Lasers
Other Surgical Devices
Diagnostic and Monitoring Devices
Autorefractors and Keratometers
Corneal Topography Systems
Ophthalmic Ultrasound Imaging Systems
Ophthalmoscopes
Optical Coherence Tomography Scanners
Other Diagnostic and Monitoring Devices
Vision Correction Devices
Spectacles
Contact Lenses
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United Kingdom Ophthalmology Devices Market Size Summary

The United Kingdom ophthalmology devices market is poised for steady growth, driven by demographic shifts, the increasing prevalence of eye diseases, and technological advancements in ophthalmic devices. The market experienced significant disruptions due to the COVID-19 pandemic, which led to a substantial reduction in ophthalmic clinical activities. However, as routine procedures have resumed, the market is expected to expand steadily. The high burden of eye disorders, such as glaucoma and diabetic eye disease, coupled with the demand for early diagnosis, is anticipated to boost the market. Key developments by major players, including the introduction of advanced ophthalmic devices, further support this growth trajectory.

The optical coherence tomography (OCT) segment is expected to see significant expansion due to its role as a gold standard for diagnosing retinal diseases and the growing focus on glaucoma management. The increasing installation and use of OCT scanners across the UK, along with the rising demand for early disease detection, are contributing to this segment's growth. Additionally, the contact lenses segment is experiencing growth driven by the rising prevalence of eye disorders and an aging population. The market is characterized by a high level of fragmentation, with numerous players focusing on continuous product development and competitive pricing. Major companies such as Alcon, Johnson & Johnson, and Carl Zeiss AG are actively launching new products to capture market share.

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United Kingdom Ophthalmology Devices Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Demographic Shift and Increasing Prevalence of Eye Diseases

      2. 1.2.2 Technological Advancements in Ophthalmic Devices

    3. 1.3 Market Restraints

      1. 1.3.1 Risk Associated with Ophthalmic Procedures

    4. 1.4 Porter's Five Force Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size Value in USD Million)

    1. 2.1 By Devices

      1. 2.1.1 Surgical Devices

        1. 2.1.1.1 Glaucoma Drainage Devices

        2. 2.1.1.2 Glaucoma Stents and Implants

        3. 2.1.1.3 Intraocular Lenses

        4. 2.1.1.4 Lasers

        5. 2.1.1.5 Other Surgical Devices

      2. 2.1.2 Diagnostic and Monitoring Devices

        1. 2.1.2.1 Autorefractors and Keratometers

        2. 2.1.2.2 Corneal Topography Systems

        3. 2.1.2.3 Ophthalmic Ultrasound Imaging Systems

        4. 2.1.2.4 Ophthalmoscopes

        5. 2.1.2.5 Optical Coherence Tomography Scanners

        6. 2.1.2.6 Other Diagnostic and Monitoring Devices

      3. 2.1.3 Vision Correction Devices

        1. 2.1.3.1 Spectacles

        2. 2.1.3.2 Contact Lenses

United Kingdom Ophthalmology Devices Market Size FAQs

The United Kingdom Ophthalmology Devices Market is projected to register a CAGR of 5% during the forecast period (2024-2029)

Carl Zeiss Meditec AG, IRIDEX Corporation, Nidek Co. Ltd, Ziemer Ophthalmic Systems AG and Topcon Corporation are the major companies operating in the United Kingdom Ophthalmology Devices Market.

United Kingdom Ophthalmology Equipment Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)