NAICS Code 423460-05 - Ophthalmic Instruments & Equipment (Wholesale)

Marketing Level - NAICS 8-Digit

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NAICS Code 423460-05 Description (8-Digit)

Ophthalmic Instruments & Equipment (Wholesale) is a subdivision of the NAICS Code 423460 that involves the wholesale distribution of instruments and equipment used in the diagnosis, treatment, and surgery of eye-related conditions. This industry caters to the needs of ophthalmologists, optometrists, and other eye care professionals by providing them with a wide range of specialized tools and equipment required for their practice. The industry is highly specialized and requires a deep understanding of the technical aspects of ophthalmic instruments and equipment.

Hierarchy Navigation for NAICS Code 423460-05

Tools

Tools commonly used in the Ophthalmic Instruments & Equipment (Wholesale) industry for day-to-day tasks and operations.

  • Ophthalmoscopes
  • Retinoscopes
  • Tonometers
  • Keratometers
  • Phoropters
  • Slit lamps
  • Lensmeters
  • Autorefractors
  • Fundus cameras
  • Optical coherence tomography (OCT) machines
  • Surgical microscopes
  • Vitrectomy machines
  • Cryotherapy units
  • Laser photocoagulators
  • Excimer lasers
  • YAG lasers
  • Argon lasers
  • Surgical instruments (e.g. forceps, scissors, speculums)

Industry Examples of Ophthalmic Instruments & Equipment (Wholesale)

Common products and services typical of NAICS Code 423460-05, illustrating the main business activities and contributions to the market.

  • Ophthalmic surgical instruments
  • Diagnostic ophthalmic equipment
  • Ophthalmic lasers
  • Ophthalmic microscopes
  • Ophthalmic diagnostic lenses
  • Ophthalmic surgical sutures
  • Ophthalmic ultrasound equipment
  • Ophthalmic surgical knives
  • Ophthalmic surgical drapes
  • Ophthalmic surgical cannulas

Certifications, Compliance and Licenses for NAICS Code 423460-05 - Ophthalmic Instruments & Equipment (Wholesale)

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

  • ISO 13485: This certification is specific to medical devices and is required for companies that manufacture or distribute medical devices, including ophthalmic instruments and equipment. It ensures that the company has a quality management system in place that meets regulatory requirements. The certification is provided by the International Organization for Standardization (ISO).
  • FDA Registration: Companies that manufacture or distribute medical devices, including ophthalmic instruments and equipment, must register with the US Food and Drug Administration (FDA). This registration ensures that the company is compliant with FDA regulations and can legally distribute their products in the US.
  • CE Marking: This certification is required for companies that distribute medical devices, including ophthalmic instruments and equipment, in the European Union. It ensures that the product meets EU safety, health, and environmental protection requirements. The certification is provided by the European Commission.
  • Rohs Compliance: This regulation restricts the use of certain hazardous materials in electrical and electronic equipment, including ophthalmic instruments and equipment. Companies that distribute these products in the EU must comply with this regulation. The regulation is provided by the European Union.
  • REACH Compliance: This regulation restricts the use of certain hazardous chemicals in products, including ophthalmic instruments and equipment, that are distributed in the European Union. Companies that distribute these products in the EU must comply with this regulation. The regulation is provided by the European Union.

History

A concise historical narrative of NAICS Code 423460-05 covering global milestones and recent developments within the United States.

  • The "Ophthalmic Instruments & Equipment (Wholesale)" industry has a long history dating back to the 19th century when the first ophthalmoscope was invented by Hermann von Helmholtz in 1851. This invention revolutionized the diagnosis of eye diseases and led to the development of other ophthalmic instruments such as slit lamps, tonometers, and refractors. In the 20th century, the industry saw significant advancements in technology, including the introduction of laser technology for eye surgeries and the development of contact lenses. In recent years, the industry has continued to evolve with the introduction of digital imaging systems and other advanced diagnostic tools. In the United States, the industry has seen steady growth over the past decade, driven by an aging population and increasing demand for eye care services.

Future Outlook for Ophthalmic Instruments & Equipment (Wholesale)

The anticipated future trajectory of the NAICS 423460-05 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Growing

    The future outlook for the Ophthalmic Instruments & Equipment (Wholesale) industry in the USA is positive. The industry is expected to grow due to the increasing demand for ophthalmic instruments and equipment, driven by the aging population and the rising prevalence of eye diseases. The increasing adoption of advanced technologies such as artificial intelligence, machine learning, and telemedicine is also expected to drive growth in the industry. Additionally, the increasing focus on preventive eye care and the growing awareness about eye health are expected to boost the demand for ophthalmic instruments and equipment. However, the industry may face challenges such as intense competition, regulatory hurdles, and the high cost of advanced technologies. Overall, the industry is expected to grow steadily in the coming years.

Industry Innovations for NAICS Code 423460-05

Recent groundbreaking advancements and milestones in the Ophthalmic Instruments & Equipment (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.

  • Smart Contact Lenses: These are contact lenses that can monitor the wearer's health by measuring various parameters such as glucose levels, blood pressure, and body temperature. They can also correct vision and provide augmented reality features. Smart contact lenses are expected to revolutionize the ophthalmic industry by providing a non-invasive and convenient way to monitor health and provide vision correction.
  • 3D Printing: 3D printing technology is being used to manufacture ophthalmic instruments and equipment such as eyeglasses, frames, and lenses. This technology allows for customization and precision, resulting in better-fitting and more comfortable products.
  • Telemedicine: Telemedicine is being used to provide remote eye care services such as eye exams, consultations, and diagnosis. This technology is particularly useful for patients in remote areas or those who have difficulty traveling to a clinic.
  • Artificial Intelligence: Artificial intelligence is being used to develop advanced diagnostic tools for eye diseases such as glaucoma, macular degeneration, and diabetic retinopathy. These tools can analyze large amounts of data and provide accurate and timely diagnoses.
  • Wearable Technology: Wearable technology such as smart glasses and head-mounted displays are being developed for use in the ophthalmic industry. These devices can provide augmented reality features, assist with surgical procedures, and provide real-time data to healthcare professionals.

NAICS Code 423460-05 - Ophthalmic Instruments & Equipment (Wholesale)

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