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Pulished Date April, 2021
ID: 1667
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Asia-Pacific Ophthalmic Devices Market Research Report - Segmented By Type, Devices, End User & Country (India, China, Japan, South Korea, Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2021 to 2026)

Pulished: April, 2021
ID: 1667
Pages: 136

APAC Ophthalmic Devices Market Size (2021 to 2026)

The size of the Asia Pacific ophthalmic devices market was valued at USD 8.00 billion in 2021 and is estimated to be growing at a CAGR of 6.90 %, to reach USD 11.16 billion by 2026.

The ophthalmic devices market in the APAC region is currently one of the fastest-growing medical devices markets. The market's growth is majorly attributed to the prevalence of eye diseases such as cataracts and glaucoma. Also, rising demand for better quality healthcare services in the region and increasing awareness drive market growth. 

A cataract is the most common eye disease globally; according to the world health organization, approximately 65.2 million people are affected by cataracts. More than 80 percent of its cases cause a moderate-severe loss in vision with the increase in the demand for vision correction devices.

In addition, the growing geriatric population is significantly contributing to the ophthalmic devices market as the senior population is more prone to various eye-related issues; therefore, the demand for ophthalmic devices increases. The rise in the geriatric population as in Asia nearly 923 million people are estimated to be elderly. In contrast, Japan has the highest elderly population as about 29 percent of its total population is estimated to be more than 65 years old.

Furthermore, increase in the new developments and advancements in technology with the raising awareness and adoption of various treatments, spectacles, and contact lenses and an increase in the initiatives taken by the government and non-government firms for research and developments processes.

However, the high costs of the equipment and treatment with the lack of good infrastructure in developing and underdeveloped countries are expected to limit the market's growth rate. In addition, the risks associated with the treatment done by the ophthalmic devices, such as blurring of vision, negatively affect the patients' acceptability. The lack of awareness about various diseases is affecting the growth of the APAC ophthalmic devices market.

This research report on the APAC ophthalmic devices market has been segmented and sub-segmented into the following categories.

By Type: 

  • Surgical Devices
  • Monitoring
  • Diagnostic Devices
  • Vision Care

By Devices: 

  • Lenses
  • Glaucoma surgical devices
  • Ophthalmic Lasers
  • Cataract surgical devices
  • Iris retractors
  • lens clearing
  • disinfectant solutions

By End Users: 

  • Hospitals
  • Eyecare Clinics
  • Research Institutes
  • Others

By Country: 

  • India
  • China
  • Japan
  • South Korea
  • Australia
  • New Zealand
  • Thailand
  • Malaysia
  • Vietnam
  • Philippines
  • Indonesia
  • Singapore
  • Rest of APAC

Geographically, the Asia Pacific ophthalmic devices market is projected to witness the highest growth rate during the forecast period among all regions. This is attributed to the rising investments in healthcare and growing awareness regarding ophthalmic diseases and available medical technologies for the treatment options.

The Chinese ophthalmic devices market accounted for the most significant share in the APAC region in 2020. The Indian ophthalmic devices market is the second-largest market in the Asia Pacific, followed by China. Companies such as Carl Zeiss Meditec, Allergan, Santen, Novartis Johnson, Johnson Vision Care, and Topcon Corporation dominate the Indian market.

The Australian ophthalmic devices market is expected to accelerate at a rapid pace during the forecast period. Increasing medical professionals, growing aging population suffering from eye disorders are expected to boost the Australian market.

The Japanese ophthalmic devices market is a rapidly growing country in adopting technology and innovative medical devices. However, the high prevalence of eye disorders in the younger population may lead to a health concern. Companies such as NIDEK Co. Ltd and TOPCON Corporation are currently leading the Japanese market. They are predicted to continue their dominance during the forecast period with their new product launches. For Instance, in 2018, NIDEK Co. Ltd launched the GS-1 Gonioscope, an automated ophthalmic device. Gonioscope is enabling 360- degree color iridocorneal angle imaging.

KEY MARKET PLAYERS:

A few of the prominent companies operating in the Asia Pacific ophthalmic devices market profiled in the report are 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.

1.Introduction          

1.1 Market Definition      

1.2 Study Deliverables    

1.3 Base Currency, Base Year and Forecast Periods  

1.4 General Study Assumptions  

2. Research Methodology  

2.1 Introduction       

2.2 Research Phases        

  2.2.1 Secondary Research           

  2.2.2 Primary Research 

  2.2.3 Econometric Modelling      

  2.2.4 Expert Validation  

2.3 Analysis Design 

2.4 Study Timeline  

3. Overview               

3.1 Executive Summary  

3.2 Key Inferences 

3.3 Epidemology      

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)            

4.1 Market Drivers  

4.2 Market Restraints      

4.3 Key Challenges 

4.4 Current Opportunities in the Market      

5. Market Segmentation     

5.1 Product Type     

  5.1.1 Introduction           

  5.1.2 Surgical Devices    

  5.1.3 Monitoring and diagnostic devices               

  5.1.4 vision care 

  5.1.5  Y-o-Y Growth Analysis, By Product Type   

  5.1.6  Market Attractiveness Analysis, By Product Type 

  5.1.7  Market Share Analysis, By Product Type   

5.2 Devices

  5.2.1 Introduction           

  5.2.2 Lenses      

  5.2.3 Glaucoma surgical devices

  5.2.4 Ophthalmic Lasers               

  5.2.5 Cataract surgical devices   

  5.2.6 Iris retractors         

  5.2.7 lens clearing and disinfectant solutions      

  5.2.8 Others      

  5.2.9  Y-o-Y Growth Analysis, By Devices 

  5.2.10  Market Attractiveness Analysis, By Devices          

  5.2.11  Market Share Analysis, By Devices            

5.3 End-Users     

  5.3.1 Introduction           

  5.3.2 Hospitals  

  5.3.3 Eye care Clinics      

  5.3.4 Research Institutes             

  5.3.5 Others      

  5.3.6  Y-o-Y Growth Analysis, By End-users          

  5.3.7  Market Attractiveness Analysis, By End-users        

  5.3.8  Market Share Analysis, By End-users          

6. Geographical Analysis     

6.1 Introduction       

  6.1.1 Regional Trends    

  6.1.2 Impact Analysis     

  6.1.3 Y-o-Y Growth Analysis        

        6.1.3.1 By Geographical Area     

        6.1.3.2 By Product Type

        6.1.3.3 By Devices           

        6.1.3.4 By End-users      

  6.1.4  Market Attractiveness Analysis     

        6.1.4.1 By Geographical Area     

        6.1.4.2 By Product Type

        6.1.4.3 By Devices           

        6.1.4.4 By End-users      

  6.1.5  Market Share Analysis      

        6.1.5.1 By Geographical Area     

        6.1.5.2 By Product Type

        6.1.5.3 By Devices           

        6.1.5.4 By End-users      

6.2 China     

6.3 India      

6.4 Japan    

6.5 South Korea       

6.6 Australia        

7.Strategic Analysis

7.1 PESTLE analysis 

  7.1.1 Political     

  7.1.2 Economic 

  7.1.3 Social         

  7.1.4 Technological         

  7.1.5 Legal          

  7.1.6 Environmental       

7.2 Porter’s Five analysis      

  7.2.1 Bargaining Power of Suppliers        

  7.2.2 Bargaining Power of Consumers    

  7.2.3 Threat of New Entrants     

  7.2.4 Threat of Substitute Products and Services

  7.2.5 Competitive Rivalry within the Industry     

8.Market Leaders' Analysis

8.1 Alcon Inc.      

  8.1.1 Overview 

  8.1.2 Product Analysis   

  8.1.3 Financial analysis  

  8.1.4 Recent Developments       

  8.1.5 SWOT analysis       

  8.1.6 Analyst View          

8.2 Essilor International S.A

8.3 Johnson & Johnson   

8.4 Abbott Medical Optics Inc.     

8.5 Bausch & Lomb, Inc. 

8.6 Haag-Streit AG  

8.7 Topcon Corporation  

8.8 Carl Zeiss Meditec AG    

8.9 Nidek Co. Ltd.    

8.10 Ziemer Ophthalmic Systems AG        

9.Competitive Landscape   

9.1 Market share analysis    

9.2 Merger and Acquisition Analysis         

9.3 Agreements, collaborations and Joint Ventures 

9.4 New Product Launches 

10.Market Outlook and Investment Opportunities 

Appendix  

a) List of Tables  

b) List of Figures      

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and 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 the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, 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
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Asia-Pacific Ophthalmic Devices Market, By Product Type, From 2021 to 2026 (USD Billion)
  2. Asia-Pacific Surgical devices Market, By Region, From 2021 to 2026 (USD Billion)
  3. Asia-Pacific monitoring and diagnostic devices Market, By Region, From 2021 to 2026 (USD Billion)
  4. Asia-Pacific vision care Market, By Region, From 2021 to 2026 (USD Billion)
  5. Asia-Pacific Ophthalmic Devices Market, By Devices, From 2021 to 2026 (USD Billion)
  6. Asia-Pacific Lenses Market, By Region, From 2021 to 2026 (USD Billion)
  7. Asia-Pacific Glaucoma surgical devices Market, By Region, From 2021 to 2026 (USD Billion)
  8. Asia-Pacific Ophthalmic Lasers Market, By Region, From 2021 to 2026 (USD Billion)
  9. Asia-Pacific Cataract surgical devices Market, By Region, From 2021 to 2026 (USD Billion)
  10. Asia-Pacific Iris retractors Market, By Region, From 2021 to 2026 (USD Billion)
  11. Asia-Pacific lens clearing and disinfectant solutions Market, By Region, From 2021 to 2026 (USD Billion)
  12. Asia-Pacific Ophthalmic Devices Market, By End-Users, From 2021 to 2026 (USD Billion)
  13. Asia-Pacific Hospitals Market, By Region, From 2021 to 2026 (USD Billion)
  14. Asia-Pacific Eye care clinics Market, By Region, From 2021 to 2026 (USD Billion)
  15. Asia-Pacific Research Institutes Market, By Region, From 2021 to 2026 (USD Billion)
  16. Japan Ophthalmic Devices Market, By Product Type, From 2021 to 2026 (USD Billion)
  17. Japan Ophthalmic Devices Market, By Devices, From 2021 to 2026 (USD Billion)
  18. Japan Ophthalmic Devices Market, By End-Users, From 2021 to 2026 (USD Billion)
  19. China Ophthalmic Devices Market, By Product Type, From 2021 to 2026 (USD Billion)
  20. China Ophthalmic Devices Market, By Devices, From 2021 to 2026 (USD Billion)
  21. China Ophthalmic Devices Market, By End-Users, From 2021 to 2026 (USD Billion)
  22. India Ophthalmic Devices Market, By Product Type, From 2021 to 2026 (USD Billion)
  23. India Ophthalmic Devices Market, By Devices, From 2021 to 2026 (USD Billion)
  24. India Ophthalmic Devices Market, By End-Users, From 2021 to 2026 (USD Billion)
  25. Australia Ophthalmic Devices Market, By Product Type, From 2021 to 2026 (USD Billion)
  26. Australia Ophthalmic Devices Market, By Devices, From 2021 to 2026 (USD Billion)
  27. Australia Ophthalmic Devices Market, By End-Users, From 2021 to 2026 (USD Billion)

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