Report Overview

China Ophthalmic Surgical Instruments Market – Industry Trends & Forecast Report, 2030

The China Ophthalmic Surgical Instruments Market size was estimated at USD 1.98 billion in 2023. During the forecast period between 2024 and 2030, the China Ophthalmic Surgical Instruments Market size is projected to grow at a CAGR of 12.88% reaching a value of USD 3.11 billion by 2030. Prominent drivers of the market are the increasing prevalence of eye-related conditions, such as glaucoma and cataracts, coupled with a broader spectrum of vision-related issues. The growth is further propelled by the ongoing development of advanced healthcare infrastructure on a global scale. A notable rise in the elderly population and governmental initiatives aimed at enhancing awareness regarding visual impairments significantly contribute to the overall market growth. Also, ongoing innovations and advancements in ophthalmic devices, such as those integrating smartphones and leveraging sophisticated ophthalmic microscopes for clearer visualization, are expected to create lucrative opportunities for market development.

Ophthalmic Surgical Instruments – Overview

Ophthalmology represents a discipline within the field of medical science that focuses on the anatomy, functionality, and various conditions affecting the eyes. Ophthalmic devices, specialized medical instruments intended for surgical procedures, diagnostics, and vision correction, have garnered heightened significance and acceptance. This elevated importance and adoption can be attributed to the widespread occurrence of numerous ophthalmic ailments, including but not limited to glaucoma, cataracts, and various other vision-related disorders.

China Ophthalmic Surgical Instruments Market

Growth Drivers

Rising Burden of Ophthalmic Diseases

The surge in the prevalence of ophthalmic diseases acts as a catalyst for the growth of the China Ophthalmic Surgical Instruments Market. This rise in the burden of eye-related conditions, including glaucoma, cataracts, and other vision-related issues, fuels the demand for advanced surgical instruments within the market. A notable instance reinforcing this trend is the collaboration between The Hong Kong Polytechnic University (PolyU) and Tianjin Medical University (TMU) to establish a scientific collaborative research platform for eye diseases in China. Over the next five years, they aim to identify the causes of eye diseases, leveraging artificial intelligence technology and clinical data databases to create a screening system. As the incidence of these diseases increases, healthcare providers are seeking innovative solutions, further contributing to the expansion of the ophthalmic surgical instruments market. This collaborative effort reflects the imperative role these instruments play in addressing the growing challenges posed by ophthalmic diseases in China.

Increasing Government Support

The China Ophthalmic Surgical Instruments Market has experienced a substantial upswing driven by robust government support, evidenced in amplified investments in healthcare infrastructure, subsidies for advanced medical technologies, and dedicated public health programs focused on eye care. The market benefits from clear regulatory frameworks and substantial research and development backing, fostering continuous innovations in surgical instruments. Moreover, government-led training initiatives elevate healthcare professionals' proficiency, spurring demand for cutting-edge tools. The integration of ophthalmic surgery coverage in health insurance policies and strategic awareness campaigns not only enhances accessibility to eye care services but also augments the market's overall growth potential. For instance, a recent notable development involves the Chinese government's announcement to establish an advanced eye center at Hulhumalé Hospital in the Maldives, a pioneering initiative entirely funded and supported by the Chinese government. Led by renowned eye care specialist Dr. Chen Weirong, this initiative encompasses diverse eye care services, including glaucoma and cataracts, on-site and Zhongshan eye center training programs, internet ophthalmic services, and substantial donations of surgical instruments, consumables, and medicines. This exemplary government support aligns seamlessly with the prevailing trend, further propelling the growth trajectory of the China Ophthalmic Surgical Instruments Market.

Challenges

High Cost of Ophthalmic Surgical Devices

The growth of the China Ophthalmic Surgical Instruments Market faces a restraint in the form of the high cost of ophthalmic surgical devices. The elevated expenses associated with these instruments limit their widespread adoption, particularly among healthcare facilities with budget constraints. This pricing challenge impedes market expansion, hindering accessibility to advanced ophthalmic surgical technologies. Strategies to address cost concerns, such as governmental initiatives, collaborations, or technological advancements aimed at cost reduction, are crucial to overcoming this impediment and fostering a more inclusive and sustainable growth trajectory for the market.

Impact of Geopolitical Tensions on China Ophthalmic Surgical Instruments Market

Escalation and further spread of geopolitical tensions could affect the China Ophthalmic Surgical Instruments Market in several ways. The country's substantial population with visually challenged people, primarily afflicted by cataracts, places ophthalmic services at the forefront of healthcare. However, geopolitical stability proves vital for economic confidence and healthcare investments. Disparities in healthcare delivery between urban and rural areas highlight the geopolitical influence on infrastructure and standardization. Procurement practices, influenced by political factors, underscore the significance of international relations. Amid challenges, opportunities emerge in ophthalmic ultrasound technology, necessitating strategic initiatives to overcome geopolitical intricacies and address the evolving eye care landscape in China.

China Ophthalmic Surgical Instruments Market

Segmental Coverage

China Ophthalmic Surgical Instruments Market – By Product

Based on product, China Ophthalmic Surgical Instruments Market is divided into Refractive Surgery Devices, Glaucoma Surgery Devices, Cataract Surgery Devices, and Other Surgical Devices segments. The cataract surgery segment holds the highest share in the China Ophthalmic Surgical Instruments Market by product. The rapidly aging population, escalating incidences of conditions like diabetes and hypertension, and a surging prevalence of obesity contribute to the heightened occurrence of cataracts. The growing imperative to provide enhanced healthcare services, combined with an increasing awareness among consumers, substantiates the expansion of the market.

China Ophthalmic Surgical Instruments Market – By End User

On the basis of end user, the China Ophthalmic Surgical Instruments Market is segmented as Hospitals, Specialty Clinics, and Ambulatory Surgical Centers segments. The hospitals segment holds the highest share in the China Ophthalmic Surgical Instruments Market by end user. The extensive utilization of ophthalmic surgical instruments in hospitals can be attributed to factors like advanced healthcare infrastructure, a growing elderly population, and the accessibility of state-of-the-art medical devices. The presence of skilled medical practitioners and the establishment of hospitals in developing nations additionally contribute to the advancement of this sector.

Competitive Landscape

Major players operating in China Ophthalmic Surgical Instruments Market include Ellex Inc., Johnson & Johnson Services, Alcon Inc., Bausch Health Companies Inc., Ziemer Group AG, Carl Zeiss Meditec AG, Hoya Corporation, and Nidek Co. Ltd. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Scope of the Report

By Product

• Refractive Surgery Devices

• Glaucoma Surgery Devices

• Cataract Surgery Devices

• Other Surgical Devices

By End User

• Hospitals

• Specialty Clinics

• Ambulatory Surgical Centers

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. China Ophthalmic Surgical Instruments Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Rise in burden of ophthalmic diseases
         2. Increase in government support
      2. Restraints
         1. High cost of ophthalmic surgical device
      3. Opportunities
         1. Advancement in technology
      4. Challenges
         1. Lack of skilled professionals
   3. Technological Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. China Ophthalmic Surgical Instruments Market: Marketing Strategies
5. China Ophthalmic Surgical Instruments Market Overview
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Product
         1. Refractive Surgery Devices
         2. Glaucoma Surgery Devices
         3. Cataract Surgery Devices
         4. Other Surgical Devices
      2. By End User
         1. Hospitals
         2. Specialty Clinics
         3. Ambulatory Surgical Centers
6. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. China Ophthalmic Surgical Instruments Company Market Share Analysis, 2023
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
7. Impact of Escalating Geopolitical Tensions on China Ophthalmic Surgical Instruments Market
8. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
   1. Ellex Inc.
   2. Johnson & Johnson Services
   3. Alcon Inc.
   4. Bausch Health Companies Inc.
   5. Ziemer Group AG
   6. Carl Zeiss Meditec AG
   7. Hoya Corporation
   8. Nidek Co. Ltd.
   9. Other Prominent Players
9. Key Strategic Recommendations
10. Research Methodology
    1. Qualitative Research
       1.  Primary & Secondary Research
    2.  Quantitative Research
    3.  Market Breakdown & Data Triangulation
       1.  Secondary Research
       2.  Primary Research
    4. Breakdown of Primary Research Respondents, By Country
    5.  Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.

List of Figures

Figure 1       China Ophthalmic Surgical Instruments Segmentation

Figure 2       China Ophthalmic Surgical Instruments Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2023

Figure 4       China Ophthalmic Surgical Instruments Market Size, By Value (USD Billion), 2019–2030

Figure 5       China Ophthalmic Surgical Instruments Market Share, By Product, By Value, 2019–2030

Figure 6       China Ophthalmic Surgical Instruments Market Share, By End User, By Value, 2019–2030

List of Tables

Table 1        China Ophthalmic Surgical Instruments Market Size, By Value (USD Billion), 2019–2030

Table 2        China Ophthalmic Surgical Instruments Market Size, By Product, By Value, 2019–2030

Table 3        China Ophthalmic Surgical Instruments Market Size, By End User, By Value, 2019–2030

Table 4        Ellex Inc. Company Overview

Table 5        Ellex Inc. Financial Overview

Table 6        Johnson & Johnson Services Company Overview

Table 7        Johnson & Johnson Services Financial Overview

Table 8        Alcon Inc. Company Overview

Table 9        Alcon Inc. Financial Overview

Table 10      Bausch Health Companies Inc. Company Overview

Table 11      Bausch Health Companies Inc. Financial Overview

Table 12      Ziemer Group AG Company Overview

Table 13      Ziemer Group AG Financial Overview

Table 14      Carl Zeiss Meditec AG Company Overview

Table 15      Carl Zeiss Meditec AG Financial Overview

Table 16      Hoya Corporation Company Overview

Table 17      Hoya Corporation Financial Overview

Table 18      Nidek Co. Ltd Company Overview

Table 19      Nidek Co. Ltd Financial Overview