Ophthalmic Devices - Haiti | Statista Market Forecast

The projected revenue in the Ophthalmic Devices market market in Haiti is set to reach US$4.18m by 2024.
It is expected that the revenue will witness an annual growth rate (CAGR 2024-2029) of 4.84%, leading to a market volume of US$5.29m by 2029.
When compared globally, the United States is anticipated to generate the highest revenue, amounting to US$14.00bn in 2024.
Haiti's ophthalmic devices market is experiencing a surge in demand due to the growing prevalence of eye diseases and the increasing availability of advanced technology.

Definition:
Ophthalmic devices refer to medical devices used for diagnosis of eye diseases, related surgeries, and vision correction.

Additional information:
Market values represent revenues paid to primary vendors at manufacturer price level either directly or through distribution channels (excluding VAT). Reported market revenues include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Revenues are allocated to the country where the money is spent.

Company examples: Essilor International, Johnson & Johnson, Bausch Health Companies. Further information on the key players can be found in the Market Shares boxes.

Ophthalmology diagnostic & surgical devices
Vision care

Ophthalmology pharmaceuticals
Ophthalmology supplements

The Ophthalmic Devices market in Haiti is experiencing steady growth due to increasing customer preferences for advanced eye care solutions and the presence of local special circumstances. Customer preferences in the Ophthalmic Devices market in Haiti are shifting towards more advanced and innovative eye care solutions. Haitian consumers are becoming more aware of the importance of eye health and are seeking out products that can address their specific needs. There is a growing demand for ophthalmic devices that can diagnose and treat various eye conditions, such as cataracts, glaucoma, and refractive errors. Additionally, customers are looking for devices that are comfortable to use and provide accurate results. This shift in customer preferences is driving the growth of the Ophthalmic Devices market in Haiti. One of the key trends in the Ophthalmic Devices market in Haiti is the increasing adoption of telemedicine and remote monitoring solutions. This trend is driven by the need to improve access to eye care services in remote areas of the country. Telemedicine allows patients to consult with ophthalmologists and receive diagnosis and treatment recommendations without having to travel long distances. Remote monitoring solutions enable healthcare professionals to remotely monitor patients' eye health and provide timely interventions when necessary. These technologies are revolutionizing the way eye care is delivered in Haiti and are contributing to the growth of the Ophthalmic Devices market. Another trend in the Ophthalmic Devices market in Haiti is the growing popularity of disposable contact lenses. Disposable contact lenses offer convenience and hygiene benefits over traditional reusable lenses. They eliminate the need for cleaning and disinfecting, reducing the risk of eye infections. Disposable contact lenses are also more comfortable to wear, making them a preferred choice for many Haitian consumers. The increasing demand for disposable contact lenses is driving the growth of the contact lens segment in the Ophthalmic Devices market in Haiti. Local special circumstances in Haiti are also contributing to the growth of the Ophthalmic Devices market. Haiti has a high prevalence of eye disorders, including cataracts, glaucoma, and refractive errors. This creates a significant demand for ophthalmic devices that can diagnose and treat these conditions. Additionally, the Haitian government has been actively promoting eye care initiatives and investing in the development of healthcare infrastructure. These efforts have increased access to eye care services and created a favorable environment for the growth of the Ophthalmic Devices market in Haiti. Underlying macroeconomic factors, such as population growth, increasing healthcare expenditure, and technological advancements, are also driving the growth of the Ophthalmic Devices market in Haiti. The country's population is growing, leading to a larger customer base for eye care products. Increasing healthcare expenditure is enabling more Haitians to afford ophthalmic devices. Technological advancements are also making eye care solutions more accessible and affordable, further fueling the growth of the market. In conclusion, the Ophthalmic Devices market in Haiti is experiencing steady growth due to increasing customer preferences for advanced eye care solutions, the adoption of telemedicine and remote monitoring solutions, local special circumstances, and underlying macroeconomic factors. The market is expected to continue growing as the demand for ophthalmic devices and eye care services in Haiti increases.

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on medical devices and IVD revenues allocated to the country where the money is spent at manufacturer price levels excluding VAT.

Modeling approach / Market size:

Modeling employs a top-down approach with a bottom-up validation, using financial information of the key players by market. Market sizes are determined by a top-down approach, based on a specific rationale for each market market and allocated to the covered countries according to the global market shares. As a basis for evaluating markets, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, healthcare system, and regulations concerning medical products. Next, we use further relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, healthcare payer system, and regulations concerning medical products. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Health market, in a PDF format.

Medical technology plays a role in the lives of everyone. It includes most of all, medical devices which simplify the prevention, diagnosis, and treatment of diseases and illnesses. The most well-known medical technology products are, among others, pacemakers, imaging instruments, dialysis machines, and implants. The global medical technology industry was worth over 567 billion U.S. dollars annually. Established centers of this industry include North America and Western Europe. The United States is home to the world’s largest medical technology companies. As of 2022, Abbott Laboratories had the largest global revenue at over 31.2 billion U.S. dollars. The main focus of devices manufactured by the Chicago-based company are diagnostics, cardiovascular, and diabetes care. Two other medtech companies that round off the top three largest companies –Medtronic and Johnson & Johnson – are both based in the United States. Although, industry trends show that Asia, and in particular China, is about to play a more prominent role in the years to come.