According to a new report published by Proficient Market, titled, “Global Ophthalmology Devices Market – Share, Forecast Data, In-Depth Analysis, and Detailed Overview, and Forecast, 2015 – 2026″ The report has offered an all-inclusive analysis of the global ophthalmology devices market taking into consideration all the crucial aspects like growth factors, constraints, market developments, top investment pockets, future prospects, and trends. At the start, the report lays emphasis on the key trends and opportunities that may emerge in the near future and positively impact the overall industry growth.
According to the report, Global Ophthalmic Devices Market in 2018 stood at USD 48.08 billion and is expected to reach USD 64.56 billion by 2026 growing at a CAGR of 6.16% from 2020 to 2026.
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Global Ophthalmology devices are medical equipment designed for diagnosis, surgical, and vision correction purposes. These devices gain increased importance and adoption due to high prevalence of various ophthalmic diseases such as glaucoma, cataract, and other vision related issues. The increased incidences of prevalence of eye diseases is one of the major aspects, which is one of the major aspects, which is likely to boost the growth of the market for the estimated forecast period.
Global ophthalmic devices market key players: The research study includes profiles of leading companies operating in the global ophthalmic devices market. Key players profiled in the report include:
Carl Zeiss Meditec AG
Essilor International S.A.
HAAG-Streit Holding AG
Johnson & Johnson
Nidek Co. Ltd.
Valeant Pharmaceuticals International Inc.
and Ziemer Ophthalmic Systems AG.
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Drivers for the Global Ophthalmic devices Market: Increased incidences of surgeries for eyes and increased incidences of eye infections also attributes for the growth of the market for the estimated forecast period. Moreover, increased need for the removal of spectacles is also gaining popularity, which is one of the major attributes for the growth of the market for the estimated forecast period.
Opportunities for the Global Ophthalmic devices Market: Increased awareness among consumers is one of the major aspects, which contribute for the growth of the market for the estimated forecast period. Moreover, increasing awareness among the developing nations is also one of the major attributes for the growth of the market.
Restrains for the Global Ophthalmic devices Market: High costs of the surgeries, is one of the major aspects, which is likely to have an impact on the growth of the market for the estimated forecasts period. Moreover, increased costs of the devices also hinders the growth of the market for the estimated forecasts period.
Region Wise, Global Ophthalmic devices Market Analysis: North America is projected to dominate the global ophthalmology devices market, owing to the early introduction of highly developed techniques and digital devices, increasing prevalence of eye defects due to lifestyle changes, and introduction of supportive reimbursement policies by the government. According to the National Eye Institute, in 2014, about 1.3 million Americans were blind and approximately 2.9 million Americas had low eyesight or low vision. Additionally, the data also shows that about 24 million Americans suffered from cataract in 2014.
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Global Ophthalmic devices Market: Product analysis
Vision care devices
On the basis of type, surgical devices accounted for largest share of total revenue generated. Because, of the increased incidences of the surgeries, the surgical devices accounted for the largest share in the estimated forecast period.
Global Ophthalmic devices Market: Application analysis
Surgical centers and diagnostic clinics
The demand of Global Ophthalmic Devices Market is highest from hospitals, this can be attributed to the presence of the highly specialized instruments, which attributes for the growth of the market.
Global Ophthalmic Devices Market: Region analysis
North America: U.S., Canada, Mexico
Europe: U.K., France, Germany, Spain, Italy, Rest of Europe
Asia Pacific: China, Japan, South Korea, ASEAN, India
Rest of Asia Pacific: Latin America, Brazil, Argentina, Colombia, Rest of L.A.
Middle East and Africa: Turkey, GCC, UAE, South Africa, Rest of Middle East
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