(PharmaNewsWire.Com, July 12, 2017 ) According to the report Global Ophthalmology Devices Market, published by Market Data Forecast, the global market is projected to reach USD 45.1 Billion by 2021, at a CAGR of 5.5% from 2016 to 2021.
The Ophthalmology devices industry is a key growth area in the medical world with an increasing demand for solutions to improve the lives of millions of people. The increasing prevalence of aging population and various ocular diseases has created tremendous opportunities in the global ophthalmic devices market that include cataract, refractive, glaucoma surgical devices and so on. The growth is likely is sustain in the near future with the increasing awareness among individuals and rapid approvals.
Ophthalmology is the branch of medicine which deals with the diseases related to eyes, physiology and anatomy. It encompasses various surgical devices that are primarily used in the treatment of eye conditions and infections. The devices helps in decreasing the treatment time while offering better quality eye care protection to the patients. They also assist in making the treatment process for eyes more convenient for both the patients and ophthalmologists.
Global Ophthalmology Devices Market: Drivers & Restraints Rising spending on healthcare, increasing investments by governments and continuous development in the medical field has all contributed in propelling the ophthalmology market in the recent years. However, there are a few factors hampering the growth of the market that include lack of healthcare insurance in the emerging countries, lack of awareness among individuals about diseases like glaucoma and poor healthcare infrastructure.
Global Ophthalmology Devices Market: Overview Ophthalmology device market has emerged as one of the fast growing segment in the medical device market in the recent years. This rise in demand is attributed to the rise in aging population, increase in prevalence of eye diseases and advancements in ophthalmology treatment.
Global ophthalmology device market has emerged as one of the growing segments in medical devices market, due to increased demand of ophthalmology devices for treatment of eye diseases. Moreover, increasing prevalence of eye disorders, aging population, increasing government investment towards research activities and technical advancements are some of the key drivers for ophthalmology device market. Developing counties, such as China and India, have large number of aged people. Aged people are more susceptible towards eye diseases, such as cataract and age-related macular degeneration. This aging population requires more effective ophthalmology devices for the treatment of eye diseases.
Global Ophthalmology Devices Market: Region-wise Outlook The market is segmented based on the geographical region into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa. North America is expected to account the largest share of the ophthalmology devices market, followed by Europe and Asia-Pacific. The growing awareness and presence of key players in the region is driving growth in North America. The Asia-Pacific region is expected to witness the highest CAGR in this market owing to improving healthcare infrastructure, increasing disposable income, increasing geriatric population.
Key Questions Answered What will be the market growth till 2021 and what will be the resultant market forecast in the year? What was the market size from 2016 to 2021 ? What is the current and future Ophthalmology Devices Market outlook in worldwide? What trends are affecting the Global market? What is the competitive landscape and market share of major players in the Ophthalmology Devices space in global? What are the key, high growth markets that Ophthalmology Devices manufacturers should expand into? Which market segments are growing the fastest? What are the unmet needs with the Ophthalmology Devices currently on the market? How will emerging technologies fulfil these unmet needs? What is physician perception and market outlook of Ophthalmology Devices? What are the challenges and barriers that have hindered widespread adoption of Ophthalmology Devices?
Global Ophthalmology Devices Market: Key Players The major players in the ophthalmology device market include Alcon Inc., Abbott Medical Optics Inc., Johnson & Johnson, Essilor International, Bausch and Lomb Inc., Topcon Corporation, Nidek CO Ltd., HAAG-Streit Group, Carl Zeiss Meditec, Hoya Corporation and Ziemer Ophthalmic System.
Reasons to buy Global Ophthalmology Devices Market Report: Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail Identification 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 market presented in an extensive strategic analyses section containing PESTLE and Porters Five Forces Analyses A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment 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 along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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