Ocular Surgery Market, by Device Type and Region - Insights, Size, Share, Opport

Posted by rushi007 on March 13th, 2019

According to World Health Organization (WHO), in 2010, around 285 million people were reported to suffer from visual impairment, with cataract reported to be the major cause. According to National Federation of the Blind, in 2014, around 1.3 million people were legally blind in the U.S. Furthermore, every year, over 75,000 people in the U.S. are expected to become blind or visually impaired. According to American Academy of Ophthalmology, in 2015, highest prevalence of primary open angle glaucoma (POAG) was reported in African countries. According to NCBI, 2014, primary open-angle glaucoma (POAG) is the leading cause of irreversible blindness in Brazil.

Market Dynamics

Increasing prevalence of ocular disease such as cataract and glaucoma has created an increasing demand for ocular surgery worldwide. According to European Blind Union, in 2016, over 30 million people were partially sighted or blind in Europe; an average of 1 in 30 people experience sight loss; and around 90% of visually impaired persons are aged 65 years and above in the region. Rapidly increasing aging population and high incidence rate of diabetes are the major factors propelling growth of the ocular surgery market. Furthermore, companies are developing advanced methods of treatments, which are much faster, easier, pain-free and less traumatic than conventional methods. This in turn, is expected to contribute to the growth of the ocular surgery market.

Market Taxonomy

This report segments the global ocular surgery market on the basis on procedure, device type and regions. On the basis on the procedure type, the market is segmented into cataract, glaucoma, and vitrectomy surgery. Device type segmentation for ocular surgery comprises cataract surgery devices, glaucoma surgery devices, and vitrectomy surgery devices. For comprehensive understanding of market dynamics, the global ocular surgery market is analyzed across key geographical regions namely, North America, Europe, Asia Pacific, Latin America, Africa, and Middle East. Each of these regions is analyzed on the basis of market findings across major countries in these regions for a macro-level understanding of the market.

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Growing aging population, awareness initiatives to lead to early diagnosis and treatment, expected to drive growth of the market

Increasing prevalence of ocular diseases such as cataract and glaucoma have created an increasing demand for ocular surgery globally. According to the National Eye Institute, in 2010, over 24 million people 40 of age and above were reported to have cataracts in the U.S., and this number is projected to reach around 40 million by 2030. According to NCBI, in 2012, 70% of all cases of blindness in Germany accounted for the aging population.

Blindness can be prevented through a combination of education, medical healthcare facilities. For instance, The National Eye Institute (NEI) established National Eye Health Education Program (NEHEP) to help increase awareness about glaucoma among the populace.

Key players operating in the ocular surgery market include Johnson & Johnson Vision Care Inc, Alcon, Carl Zeiss Meditec, Bausch & Lomb, Ellex Medical Lasers, Topcon Medical Systems, Dutch Ophthalmic Research Center (International) B.V. (DORC), and Lumenis

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rushi007
Joined: February 13th, 2019
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