(PharmaNewsWire.Com, November 29, 2017 ) According to the report Asia-Pacific Ophthalmic Devices Market, published by Market Data Forecast, the market is projected to reach USD 9.25 billion by 2021, at a CAGR of 6.9% from 2016 to 2021.
Ophthalmology is a branch of medicine which deals with the diseases related to physiology, anatomy and eyes. Ophthalmology devices encompass a wide range of surgical devices that are primarily used for the treatment of eye conditions. These devices help in reducing the treatment time drastically, at the same time offering better quality protection to the patients. It is also proved to be a convenient way of operating for both the ophthalmologists and patients.
With the increasing demand for quality treatment, the ophthalmology devices market has underwent a significant growth in the medical sector. The increasing ageing population and diseases related to vision created greater opportunities in the ophthalmic device market increasing the demand for cataract, glaucoma, refractive and other surgical devices. The growth is believed to sustain in the forecast period with rapid approvals for the devices and increasing awareness about the diseases.
Asia-Pacific Ophthalmic Devices Market: Drivers and Restraints Increase in the cataract population and other eye diseases with increase in ageing population are the major driving factors for Ophthalmology devices market. In addition, advancements in ophthalmology diseases, rising investments on healthcare and increasing awareness of people regarding diseases play a major role in propelling the market. Absence of proper awareness of diseases like glaucoma in normal people, high treatment costs and lack of sufficient infrastructure are the major restraining factors of the Ophthalmology devices market.
Asia-Pacific Ophthalmic Devices Market: Overview Cataracts are the major causes leading to reversible blindness and visual impairment all over the world. There were numerous technological advances regarding the field of cataract surgery such as Phacoemulsification devices and Femtosecond lasers which boosted the market for Ophthalmology devices. Availability of new devices and drugs and huge shift towards emerging markets have propelled the market. Since eye surgeries require healthcare professionals to have tremendous skill and accuracy, usage of medical devices has become mandatory in surgeries. Invention of unique materials like implantable lenses in cataract surgeries is also driving the market growth. Highly expensive procedures and economic slowdown of developed markets are the major restraints of the Ophthalmology devices market.
Asia-Pacific Ophthalmic Devices Market: Region-wise Outlook Furthermore, based on Asia-Pacific geography the market is segmented into various regions namely China, Japan, India and Australia. Increasing awareness among people regarding these diseases of developing countries like India and China and increasing number of hospitals are boosting the demand for ophthalmic devices. Also, increasing government initiatives to provide better health care equipment is driving the market. However, lack of availability of proper healthcare infrastructure is restraining the market.
Key Questions Answered ● What is the current and future Ophthalmic Devices market outlook in Asia-Pacific? What trends are affecting the Asia-Pacific market? ● What is the competitive landscape and market share of major players in the Ophthalmic Devices market in Asia-Pacific? ● What are the key, high growth markets that Ophthalmic Devices manufacturers should expand into? Which market segments are growing the fastest? ● What are the unmet needs with the Ophthalmic Devices currently on the market? How will emerging technologies fulfill these unmet needs? ● What is physician perception and market outlook of Ophthalmic Devices? ● What are the challenges and barriers that have hindered widespread adoption of Ophthalmic Devices?
Asia-Pacific Ophthalmic Devices Market: Key Players Some of the companies operating in Asia-Pacific ophthalmic devices market include Alcon Inc., Essilor International S.A., Johnson & Johnson, Abbott Medical Optics Inc., Bausch & Lomb, Inc., Haag-Streit AG, Topcon Corporation, Carl Zeiss Meditec AG, Nidek Co. Ltd., and Ziemer Ophthalmic Systems AG.
Reasons to buy Asia-Pacific Ophthalmic Devices Market Report: ● 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 Porter’s 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.
About Market Data Forecast: Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind specialities with competitive pricing options. For more information, kindly visit, www.marketdataforecast.com.
We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Biotechnology & Pharmaceuticals resource center today to browse our selection of 600+ complimentary Biotechnology & Pharmaceuticals magazines, white papers, webinars, podcasts, and more. Get popular titles including:
