Ophthalmology Devices Market Strategies and Statistics

Posted by Himani Kathal on July 9th, 2019

Ophthalmology Devices Market Size, Market Growth:

World Ophthalmic Devices Market was worth ,029 million in 2018 and is predicted to achieve ,113 million by 2023, supported by a CAGR of 4.3% throughout the forecast period 2018 to 2023.

Ophthalmology Devices Market Overview:

Ophthalmology is a branch of medical sciences that deals with the structure, function, and several eye diseases. The ophthalmic devices are medical instruments designed for diagnosing, surgical, and vision correction functions. These devices gain exaggerated importance and adoption because of the high prevalence of different ophthalmic diseases like glaucoma, cataract, and various vision-related factors.

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Ophthalmology Devices Market Drivers and Restraints:

The market growth is additionally fueled by continuous developments within the field of medical technology to develop new merchandise that is more economical and accurate. One of the first restraints in the growth of the global market for ophthalmic devices is the high price of a few devices, especially those which are exported. In addition to that, lack of experienced professionals, particularly within the rural regions of rising economies, is another primary concern for makers.

Report segmented as:

By Application:

  • Diagnostics and monitoring devices
  • Surgery devices
  • Vision care devices

By Disorders:

  • Cataract
  • Glaucoma
  • Refractor disorders
  • Vitreoretinal disorder

By Devices:

  • Canaloplasty devices
  • Computerized field analyzer

Ophthalmology Devices Market Geographical Analysis:

Geographically, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among North American countries in 2011, the U.S. has the most significant share in the market for ophthalmic devices across all sectors, followed by the U.K. which dominates the European region. These two western country markets are experiencing rigorous competition because of the mushrooming native device makers while outstanding players with higher market penetration levels are focusing more on devices with diagnosing and surgery applications.

Ophthalmology Devices Market key players:

The key players in the ophthalmology devices market are 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. The other players operating in the industry include Sonomed Escalon, Gulden Ophthalmics, FCI Ophthalmics, Glaukos Corporation, and STAAR Surgical

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The Scope of the report:

This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.

Apart from the syndicated report, our in-house team has expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.

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Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.

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Himani Kathal

About the Author

Himani Kathal
Joined: June 18th, 2019
Articles Posted: 28

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