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With the increasing demand for downstream applications, the market scale of the domestic optical instrument manufacturing industry has also expanded rapidly in recent years. Statistics show that in 2016, China's optical instrument manufacturing industry achieved sales revenue of 53.1 billion yuan, a year-on-year increase of 10.6%.

1. The Market Scale of Ophthalmic Optical Instrument Industry Expands Rapidly

As a subdivision of optical instruments, ophthalmic optical instruments play an important role in the diagnosis of ophthalmic diseases. They have the unique advantages of intuitive and clear examination results, which cannot be replaced by other diagnostic instruments. On the one hand, the continuous increase in the number of ophthalmic beds in ophthalmic hospitals and health institutions in China has directly promoted the increase in the purchase of ophthalmic optical instruments. On the other hand, the accelerated aging of China's population and the unhealthy modern lifestyle has increased the number of patients in ophthalmology. In recent years, the market scale of the ophthalmic optical instrument industry has been expanding continuously, from 1.10 billion yuan in 2011 to 1.93 billion yuan in 2016.

2. The Profitability of the Ophthalmic Optical Instrument Industry Is Generally Good

Ophthalmic optical instruments mainly include fundus camera, computer vision instrument, computer optometry instrument, computer tonometer, computer keratometer, slit lamp microscope, ophthalmic OCT, etc. As a kind of precise medical instrument, ophthalmic optical instruments are usually expensive. Taking the slit lamp microscope as an example, its price ranges from 10,000 to 180,000. Therefore, the sales profit rate of the ophthalmic optical instrument industry is relatively high. Since 2011, the sales profit rate of China's ophthalmic optical instrument industry has always remained above 19%, reflecting a good level of sales revenue.

3. The Downstream Application Prospect of Ophthalmic Optical Instrument Industry Is Optimistic

From the perspective of the industrial chain, the downstream industries of the ophthalmic optical instrument industry include various medical institutions, scientific research units, optical shops, etc. The main consumption demand comes from ophthalmic medical institutions. In recent years, the number of ophthalmic hospitals in China has increased year by year. In 2014, the number of ophthalmic hospitals in China exceeded 400. As of 2016, there were 537 ophthalmic hospitals in China, an increase of 18.0% year-on-year.

From 2011 to 2016, the number of patients in eye hospitals in China increased year by year. In 2011, the number of medical visits reached 12.77 million, an increase of 16.4% year-on-year, and the growth rate reached the highest in recent years. In 2016, the number of patients treated in eye hospitals in China was 23.24 million, a year-on-year increase of 12.3%. In 2016, there were 16,000 cases under observation and 655,800 people under health examination in the observation room of eye hospitals in China.

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