The use of ophthalmic devices is expected to increase in the near future, owing to the spiraling rise in prevalence of eye diseases, such as glaucoma, cataract, and refractive errors. North America dominates the global ophthalmic devices market, and is expected to maintain its lead throughout the forecast period, owing to the high adoption rate of ophthalmic devices.
The report also profiles key players involved in the global Ophthalmic Devices Market, such as Novartis AG, Carl Zeiss Meditec AG, Essilor International S.A., HAAG-Streit Holding AG, Johnson & Johnson, Nidek Co., Ltd., Topcon Corporation, Valeant Pharmaceuticals International, Inc., Hoya Corporation, and Ziemer Ophthalmic Systems AG. They have adopted various strategies such as mergers & acquisitions, collaborations, partnerships, and others to gain a strong position in the industry.
The growth of the global ophthalmic devices market is driven by increasing prevalence of eye-related diseases such as glaucoma & cataract, rapid technological advancements in ophthalmology, and high adoption of digital devices worldwide. However, low awareness regarding eye related diseases and lack of skilled professionals impede market growth. Nonetheless, programs and initiatives worldwide to reduce the burden of eye-related diseases would provide lucrative opportunities to emerging market players in the near future.
Download Sample Report @ https://www.alliedmarketresearch.com/request-sample/2046?utm_source=medg_sank
A recent report published by Allied Market Research states that the global ophthalmic devices market generated $46.02 billion in 2015 and is expected to reach $62.11 billion by 2022, registering a CAGR of 4.3% during the forecast period, 2016-2022.
The report segments the global ophthalmic devices market based on product function and geography. Based on product function, the report further segregates the market into ophthalmic surgical devices, ophthalmic diagnostic devices, and ophthalmic vision care devices. The ophthalmic surgical devices segment is expected to grow at the fastest rate during the forecast period.
Under the umbrella of the ophthalmic surgical devices segment, the cataract surgery devices sub-segment accounted for the major share and is expected to continue its dominance throughout the forecast period. This segment is expected to grow at a CAGR of 4.8% during 2016-2022, owing to the high prevalence of cataract worldwide. Regionally, North America accounted for nearly one-third of the global market in 2015, due to the high prevalence of various eye diseases in the region.
Allied Market Research, a market research and advisory company of Allied Analytics LLP,
provides business insights and market research reports to large as well as small &
medium enterprises. The company assists its clients to strategize business policies and
achieve sustainable growth in their respective market domain.
Allied Market Research provides one stop solution from the beginning of data collection
to investment advice. The analysts at Allied Market Research dig out factors that help
clients to understand the significance and impact of market dynamics. The company
amplies client’s insight on the factors, such as strategies, future estimations, growth
or fall forecasting, opportunity analysis, and consumer surveys among others. As
follows, the company offers consistent business intelligent support to aid the clients
to turn into prominent business firm.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
Toll Free: +1-800-792-5285
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060