According to the report “Global Ophthalmic devices Market,” published by Market Data Forecast, the global market is projected to reach USD 44.76 billion by 2021, at a CAGR of 6.20% from 2016 to 2021.
Ophthalmology field needs medical devices for several functions such as vision care, diagnosis and surgery. The development in technology leads to innovative devices and increasing its application in ophthalmology has paved way for consumers to have a practical and an economical solutions for several eye-related disorders such as refractor disorders, vitreoretinal disorders and cataract. The most significant share of the market is contributed by vision care devices. These devices include spectacles, contact lens, lens cleaning and disinfecting solutions for eyewear and also surgical devices.
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global Ophthalmic devices Market: Drivers & Restraints
Major Factors that are driving the growth of the market are increasing geriatric population. It is also observed that the aged people are more prone to developing eye-related disorders such as dry eye, glaucoma. However, most of the developing countries in Asia Pacific are rising investment in healthcare infrastructure and promoting awareness about these disorders which in turn is supporting the regional market for ophthalmic devices. The market is also boosted by continuous technological advancements in the field of medical technology for the development of novel products which are more efficient and accurate. High cost of ophthalmic devices, the lack of skilled professionals in the rural regions of developing countries are hindering the growth of the market.
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Global Ophthalmic devices Market: Segmentation
By Product Type
- Surgical Devices
- Monitoring and diagnostic devices
- vision care
- Y-o-Y Growth Analysis, By Product Type
- Market Attractiveness Analysis, By Product Type
- Market Share Analysis, By Product Type
- Glaucoma surgical devices
- Ophthalmic Lasers
- Cataract surgical devices
- Iris retractors
- lens clearing and disinfectant solutions
- Y-o-Y Growth Analysis, By Devices
- Market Attractiveness Analysis, By Devices
- Market Share Analysis, By Devices
- Eye care Clinics
- Research Institutes
- Y-o-Y Growth Analysis, By End-users
- Market Attractiveness Analysis, By End-users
- Market Share Analysis, By End-users
From simple data collation through secondary and primary research to ad-hoc research requests relating to specific information, we provide our services via customization. Get customization at http://www.marketdataforecast.com/market-reports/global-ophthalmic-devices-market-1747/customize-report
Global Ophthalmic devices Market: Overview
At present, North America accounted for the largest share of the ophthalmology devices market, followed by Europe. The growing awareness & adoption of advanced ophthalmic devices, presence of well-established distribution channels, and presence of leading companies in this region are driving market growth in North America. The Asia-Pacific region is expected to witness the highest growth in this market majorly due to the improving healthcare infrastructure, growing per capita income, and rising geriatric population. In addition, manufacturers are increasingly focusing on strengthening their presence in emerging APAC countries.
Global Ophthalmic devices Market: Region-wise Outlook
Based on geography the market is segmented into various regions namely North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa. North America is expected to account the largest share of the ophthalmology devices market, followed by Europe and Asia-Pacific. The growing awareness and presence of key players in the region is driving growth in North America. The Asia-Pacific region is expected to witness the highest CAGR in this market owing to improving healthcare infrastructure, increasing disposable income, increasing geriatric population.
Key Questions Answered
- What will be the market growth till 2021 and what will be the resultant market forecast in the year?
- What was the market size from 2016 to 2021 ?
- What is the current and future Ophthalmic devices Market outlook in worldwide?
- What trends are affecting the Global market?
- What is the competitive landscape and market share of major players in the Ophthalmic devices space in global?
- What are the key, high growth markets that Ophthalmic devices manufacturers should expand into? Which market segments are growing the fastest?
- What are the unmet needs with the Ophthalmic devices currently on the market? How will emerging technologies fulfil these unmet needs?
- What is physician perception and market outlook of Ophthalmic devices?
- What are the challenges and barriers that have hindered widespread adoption of Ophthalmic devices?
Global Ophthalmic devices Market: Key Players
Key players in the ophthalmic devices market include Alcon Inc., Essilor International S.A., Johnson & Johnson, Abbott Medical Optics Inc., Bausch & Lomb, Inc., Haag-Streit AG, Topcon Corporation, Carl Zeiss Meditec AG, Nidek Co. Ltd., and Ziemer Ophthalmic Systems AG.
Reasons to buy Global Ophthalmic devices Market Report:
- Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
- Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
- Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses
- A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment
- Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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