Corneal Surgery Devices Market Growth, Analysis, and Forecast to 2025
Posted by rekha on July 26th, 2019
Precision Business Insights (PBI) in its report titled “Corneal Surgery Devices Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period from 2019 to 2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.
The corneal surgery devices market size was accounted for US$ XX Mn in 2018 and anticipated to account for US$ XX Mn by 2025. Continuous developments and high advancement in the corneal surgery devices, increasing incidence of diabetes, and increasing number of corneal surgeries has provided fuel for the growth of the corneal surgeries devices market. Whereas, high cost of treatment and risk of infection due to devices has hampered the growth of the corneal surgery devices market.
Corneal surgery devices market segmented on the basis of product type, transplantation type, procedure, end-user, and region.
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Ophthalmic Centers Will Dominate the Revenue Share.
Based on end-user type, corneal surgery devices market is segmented into hospital, ophthalmic centers and others. The ophthalmic centers segment is anticipated to exhibit a lucrative CAGR of over XX% during the forecast period. This can be attributed to the availability of a wide range of diagnostic instruments coupled with the presence of a large number of optometrists and ophthalmologists providing clinical services to treat a broad range of ocular disorders. Moreover, the diagnosis being an indispensable process in the treatment of eye disorders is responsible for contributing towards the ophthalmic center segment growth.
North America, Accounts for Major Revenue Share for Corneal Surgery Devices Market
Precision Business Insights (PBI) corneal surgery devices market report analyses the market in different regions North America, Europe, Asia Pacific, Latin America and Middle East and Africa. According to regional analysis, corneal surgery devices market is dominated by North America due to increasing geriatric population and well developed healthcare sector. Additionally, the greater number of hospitalization procedures due to greater healthcare penetration in the U.S. and Canada drives the growth of the market. Europe accounts for the second largest market which is followed by Asia Pacific. The growth of Europe market is majorly driven by the increasing number of ophthalmic clinics and other health care organization.
Asia Pacific has the fastest growing market due to the increasing number of patients suffering from visual impairment, and increasing demand for better treatment options. China and India are likely to lead this market due to fast growing healthcare sector and large unmet needs over the forecast period.
Strategic Collaborations & Acquisitions Play Vital Role in Corneal Surgery Devices Market
Key players are adopting several market strategy to establish footprint in the global market. For instance, in December 19, 2018, Alcon, the global leader in eye care and a division of Novartis, today announced that it has acquired Tear Film Innovations, Inc.
Key player’s profiles in the report are Alcon Laboratories Inc. (Switzerland), KeraMED (Canada), Abbott Medical Optics Inc. (U.S.), Bausch & Lomb, Inc. (U.S.), Carl Zeiss Meditec AG (Germany), Haag-Streit AG (Switzerland), Ziemer Ophthalmic Systems AG (Switzerland), Topcon Corporation (Japan), Essilor International S.A. (France), Johnson & Johnson Private Limited (U.S.), Nidek Co. Ltd. (Japan), Cooper Vision (U.S.) among others.
By Product Type
o Phaco Choppers
o Fixiation Rings
o Corneal Markers
o Needle Holders
o Hooks and Manipulators
By Transplantation Type
o Penetrating Keratoplasty
o Deep Anterior Lamellar Keratoplasty
o Synthetic Corneas
By Procedure Type
o Penetrating Keratoplasty
o Lamellar Keratoplasty
By End-User Type
o Ophthalmic clinics
o North America
o Latin America
o Middle East and Africa
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About the Authorrekha
Joined: July 26th, 2019
Articles Posted: 219
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