(PharmaNewsWire.Com, May 26, 2017 ) As per the syndicated report published by Market Data Forecast, Europe Ophthalmology Devices Market which is estimated to be USD 7.94 billion in 2016 and expected to grow at a CAGR of 5.6%, to reach USD 10.42 billion by 2021 with a cumulative growth rate of USD 2.48 billion in the span of five years.
It can attributed to the factors such as rising prevalence of eye diseases with increasing aging population and advancement in Ophthalmology Market Devices. The growth is also attributed to the rising expenditure on healthcare, government investments in healthcare and continuous developments and innovations in the medical field. However, factors like lack of healthcare insurance in many developing countries, lack of knowledge about diseases like glaucoma among individuals and poor infrastructure are some of the factors restraining the growth of the market.
Ophthalmology is a branch of medicine dealing with the diagnosis, treatment and prevention of diseases of the eye and visual system. The eye, its surrounding structures and the visual system can be affected by a number of clinical conditions. Ophthalmology involves diagnosis and therapy of such conditions, along with microsurgery. The devices used by an ophthalmologist are ophthalmic devices and they include even spectacles, contact lenses, retinoscopes and surgical instruments like forceps and scalpels.
Europe Ophthalmology Devices Market is segmented based on application, disorder and device below for obtaining a more granular perspective of the market. In the report each sub segment is provided with Market Size Estimations and Y-o-Y Forecasts. By Application Diagnostics & Monitoring devices Surgery Devices Vision Care Devices By Disorders Cataract Glaucoma Refractor disorders Vitreo retinal disorder By Device Canaloplasty devices Computerized Field Analyser
Europe is an amalgamation of major economies like Germany, Spain, Italy, U.K. and France among others to name a few. The report justifies this by offering country wise data for the EU5 countries while taking some other predominant economies into consideration as well (Rest of Europe).
The leading companies in the ophthalmology device industry are Johnson & Johnson, Bausch and Lomb Inc., Abbott Medical Optics Inc., Alcon Inc., Essilor International, HAAG-Streit Group, Hoya Corporation, Nidek CO Ltd., Topcon Corporation, Carl Zeiss Meditec, and Ziemer Ophthalmic System.
The Ophthalmology Devices market study offers the following deliverables:
Regional and country-level analysis that provides an innate perspective of European region and the aforementioned countries Meticulously identifying the key areas of market growth by providing market size forecasts and y-o-y estimations at a Segment-level analysis Explanations of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics Study of macro and micro environmental factors that affect the European market presented in the form of PESTLE and Porters Five Forces Analyses Company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and analyst overview of the key market players operating in the region Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies Expertly devised Market Outlook - Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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