Canada Ophthalmology Market Analysis


  • Type: Therapeutics Area
  • Published : April 2021
  • Region: North America
  • Country: Canada
  • Report ID : 3014

  • Format: PPT, PDF

Canada Ophthalmology Devices Market: Segmented by Type (Surgical Devices, Monitoring Devices, Diagnostic Devices), by Devices (Lenses, Glaucoma Surgical Devices, Ophthalmic Lasers, Cataract Surgical Devices, Iris Retractors, Lens Cleaning), and by Distribution Channel (Hospitals, Eyecare Clinics, Consumer) – Growth, Trends, and Forecasts (2019 – 2028)

SKU: 3014 Categories: ,

Report Overview

Canada’s Ophthalmology Therapeutics market size stood at around USD XX.X billion in 2019 and is projected to reach USD XX billion by 2028, exhibiting a CAGR of around 2% during the forecast period.

The Canada Ophthalmology Devices Market is expected to grow with a CAGR of 2% during the forecasted period, this market growth attributes due to the prevalence of diabetes and glaucoma in the region. Increasing incidence of vision impairment, advancements in technology in the field of medicine & growing geriatric population across the country along the increase in disposable income of the people are some of the factors adding up to the industry growth. Also growing awareness among the masses for regular check-ups for early detection of eye disorders is leading the market growth.

Market Driving Factors

In Canada, an increasing number of people suffering from diabetes and glaucoma, increasing incidence of vision impairment, Technological innovation, the rising geriatric population, and increased investments in the development of combination therapies are the major factors driving the growth of this market. With the growing prevalence of eye diseases and the related increase in disability-adjusted life years (DALYs), the demand for the accurate treatment of diseases is expected to rise in the coming years. This, in turn, will increase the demand for ophthalmic devices in Canada.


1. Canada Ophthalmology Therapeutics Market Overview………………………………
A. Market Size
2. Market Driving Factors ………………………………………………………………….…
a. Prevalence of Diabetes and Glaucoma
b. Increasing incidence of vision impairment
c. Technological Innovation
d. The rising geriatric population
3. Major Ophthalmology diseases……………………………………………………….
A. Dry Eye
B. Eye Allergies
C. Glaucoma
D. Eye Infection
E. Retinal disorders
F. Uveitis
G. Others
4. Ophthalmology devises Market Segmentation …………………………………
A. By Type
I. Surgical Devices
II. Monitoring Devices
III. Diagnostic Devices
B. By Devices
I. Lenses
II. Glaucoma Surgical Devices
III. Ophthalmic Lasers
IV. Cataract Surgical Devices
V. Iris Retractors
VI. Lens Cleaning
C. By Distribution Channel
I. Hospitals
II. Eyecare Clinics
III. Consumer
5. Ophthalmology Major Products Market Share………………………………
A. Market Analysis, Insights and Forecast – By Revenue
6. Competitive Landscape…………………………………………………………………
A. Major Players
B. Products in Pipeline
7. Key Company Profiles………………………………………………………………….
A. Johnson & Johnson Company overview, Product & Services, Strategies & Financials
B. Alcon Inc. Company overview, Product & Services, Strategies & Financials
C. Bausch Health Companies Company overview, Product & Services, Strategies & Financials
8. Healthcare Policies and Regulatory Landscape……………………………………
A. Policy changes and Reimbursement scenario
9. Factors Driving Future Growth…………………………………………………………
A. New Trends and Development of Dermatology drug market
B. Future Opportunities
10. Conclusion

Market Segmentation

By Type:

Based on the type of devices this market is segmented into Surgical Devices (Intraocular Lenses, Ophthalmic Lasers, Other Surgical Devices), Monitoring Devices, Diagnostic Devices. The surgical devices segment is expected to grow at the highest rate during the forecast period. Factors such as increasing incidence and prevalence of eye diseases such as cataracts, glaucoma, refractive errors, and diabetic retinopathy are propelling the growth of the surgical devices market.

By Devices:

Based on the type of devices the market is segmented into Lenses, Glaucoma Surgical Devices, Ophthalmic Lasers, Cataract Surgical Devices, Iris Retractors, and Lens Cleaning. Of these the adoption of contact lenses is growing at a rapid pace in Canada, this growth is due to growing awareness in patients about contact lenses.

By End User:

Based on end-user this market is segmented into hospitals, eye care clinics, and consumers. Among these consumers accounted for the largest share of the ophthalmology Device market in Canada. The large share of this segment can be attributed to the growing awareness, and the growing adoption of medical devices, spectacles, and contact lenses among consumers.

Major Players

The Canada Ophthalmology Drugs & Devices Market is fragmented competitive and consists of several major players. Recently Johnson & Johnson Vision Launched TECNIS Synergy and TECNIS Eyhance Intraocular Lenses (IOLs) for the Treatment of Cataracts in Canada. In 2020, Health Canada granted medical device license to Optomed handheld fundus cameras. Other Major Players in this market are Alcon Inc., Bausch Health Companies Inc., and Carl Zeiss Meditec AG, etc.

Research Methodology

Insights10 will provide you reports within 10 key parameters which are:

  1. Market overview
  2. Market growth drivers & restraints
  3. Epidemiology or disease type
  4. Market segmentation
  5. Market share
  6. Competitive landscape
  7. Key company profiles
  8. Healthcare policies & regulatory framework
  9. Reimbursement scenario
  10. Factors driving future growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision making for business stakeholders. Our focused approach to develop reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

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Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. start with large overall market and segment different areas and bottom-up approach i.e. start with population and epidemiology and roll up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach mainly used for new product forecasting and bottom-up approach is used for demand estimation of any product for different countries summed up to form total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and Africa for the period of 2020 to 2028. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape and policy and regulatory scenario and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases and the company level averages etc.

We make sure to finalize the numbers in alignment to the market research. Firstly, our internal experts ensure thorough validation and checking to ensure the accurate and precise analysis and then validation is also done using multiple data analysis model.  Two level validation is done and entails finalization of report scope and to way of representation pattern.

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analysed and synthesized. A second series of interviews are done if necessary to check and validate. The future opportunities are analysed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results are then, interpreted by considering following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue / volume
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Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

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The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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