Our latest research report entitled Ophthalmology Devices Market (by devices (surgical devices, vision care and diagnosis devices) and application (optical retail centers, hospitals and ophthalmology clinics and ASCS)) provides complete and deep insights into the market dynamics and growth of Ophthalmology Devices. Latest information on market risks, industry chain structure Ophthalmology Devices cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Ophthalmology Devices growth factors.
The forecast Ophthalmology Devices Market information is based on the present market situation, growth opportunities, development factors, and opinion of the industry experts. An in-depth analysis of the company profiles, Ophthalmology Devices on global and regional level and applications is conducted. The analysis of downstream buyers, sales channel, raw materials, and industry verticals is offered in this report. According to report the global ophthalmology devices market is projected to grow at a CAGR of 5.8% over the forecast period of 2018-2024.
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Ophthalmology is a branch of medical sciences that deals with the medicine and surgery of the eye. The medical devices used in the identification and treatment of certain visual irregularities and deficiencies of the eyes is known as ophthalmic devices. The importance and adoption of these devices is increased owing to the high incidence of various ophthalmic diseases such as glaucoma, cataract, and other vision-related issues. Depending on product function and use, ophthalmic devices are categorized into surgical, diagnostic and vision care ophthalmic devices.
The demand for ophthalmic devices is anticipated to be increasing significantly over the forecast period. The increasing application of developed technology and innovation in devices of ophthalmology has provided useful and economical solutions for various eye-related disorders such as refractor disorders, vitreoretinal disorders, and cataract to the customer. Chronic eye diseases are the main reason for vision loss. The increasing prevalence of eye diseases among the age group is likely to boost growth in the market. In 2017, WHO estimated that 253 million people live with vision impairment, 36 million are blind and 217 million have moderate to severe vision impairment. Growing adoption of contact lenses and spectacles and change in lifestyle are some other factor that will propel the growth of the market in the coming years. On the other hand, the cost of ophthalmology devices are high and the use of refurbished ophthalmic devices is increased thus hampering the growth of the market. In addition, lack of awareness about various eyes disease among the people will restrain the growth of the market.
North America is expected to be the largest market for ophthalmology devices followed by Europe. There is intense competition between North America and Europe region. The presence of developed healthcare infrastructures coupled with growing geriatric population and rising incidence of chronic eye conditions are likely to boost the growth in this region. The Asia Pacific is expected to grow faster due to improvement in healthcare infrastructure, growing occurrence of eye disorders such as glaucoma, and rising awareness among patients. Mergers & acquisitions, product launch, and geographical expansions to maintain market position are the key strategies of the leading players in this market. For instance, in 2016, Alcon, Inc. signed a partnership agreement with PowerVision, Inc., to focus on the development of fluid-based implants.
Market Segmentation by devices and application
The report on global ophthalmology devices market covers segments such as devices and application. On the basis of devices the global ophthalmology devices market is categorized into surgical devices, vision care, and diagnosis devices. On the basis of application the global ophthalmology devices market is categorized into optical retail centers, hospitals and ophthalmology clinics, and ASCS.
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The report provides profiles of the companies in the global ophthalmology devices market such as, Carl Zeiss Meditec AG, Abbott Medical Optics, Inc., Bausch & Lomb, Inc., Alcon, Inc., Haag-Streit, Johnson & Johnson, Essilor International S.A, Nidek Co. Ltd, Topcon Corporation and Others.
Browse Detailed TOC, Description, and Companies Mentioned in Report @ https://www.infiniumglobalresearch.com/healthcare-medical-devices/global-ophthalmology-devices-market