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Pulished Date February, 2020
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, Forecast, Growth | 2019 - 2024

Pulished: February, 2020
ID: 1667
Pages: 136

The size of the Asia Pacific ophthalmic devices market was valued at USD 7.48 billion in 2019 and estimated to be growing at a CAGR of 6.90 %, to reach USD 10.44 billion by 2024.

Rising adoption ophthalmic diagnostic devices is rapidly growing in this region due to the growing awareness on the eye-health and eyecare, which is estimated to spur Asia Pacific ophthalmic devices market growth. Increasing retinal disorders and minimally invasive surgeries, emerging geriatric population, healthcare infrastructure are further boosting the market in this region.

Less knowledge regarding devices handling during critical surgeries are dampening the growth rate of the ophthalmic devices market. Lack of skilled physicians, the cost-effectiveness of the ophthalmic devices in middle-income countries are mainly hindering the Asia Pacific ophthalmic devices market.

Asia Pacific ophthalmic devices market 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.

Regional Analysis

Asia Pacific region is projected to witness a higher growth rate during the forecast period among all areas. This growth is attributed due to the rising investments in healthcare and growing awareness about ophthalmic diseases and available medical technologies for the treatment options are accelerating the market growth.

Indian ophthalmic devices market is the second-largest growing market in the Asia Pacific, followed by China. India ophthalmic devices market is estimated to grow USD 257 million by 2022. Companies such as Carl Zeiss Meditec, Allergan, Santen, Novartis Johnson and Johnson Vision Care and Topcon Corporation are holding the largest market share in the Indian market.

Australian ophthalmic devices market is emerging from the last few years. Increasing medical professionals, an ageing population with eye disorders have anticipated the market growth in this country. Australia ophthalmic device suppliers deliver ancillary services to hospitals, clinics, and these services will encourage the broad range adoption of novel technology, to improve patient health and optimization of ophthalmic devices. Australia consumers receive 85 % of premium ophthalmic devices such as spectacles, and 10% of patients receive monofocal devices.

Japanese ophthalmic devices market is one of the rapidly growing countries in terms of adoption of technology, innovative medical devices. 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 and 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 colour iridocorneal angle imaging.

Prominent Companies dominating 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 2019-2024 ( USD Billion )
  2. Asia-Pacific Surgical devices Market By Region, From 2019-2024 ( USD Billion )
  3. Asia-Pacific monitoring and diagnostic devices Market By Region, From 2019-2024 ( USD Billion )
  4. Asia-Pacific vision care Market By Region, From 2019-2024 ( USD Billion )
  5. Asia-Pacific Ophthalmic Devices Market By Devices, From 2019-2024 ( USD Billion )
  6. Asia-Pacific Lenses Market By Region, From 2019-2024 ( USD Billion )
  7. Asia-Pacific Glaucoma surgical devices Market By Region, From 2019-2024 ( USD Billion )
  8. Asia-Pacific Ophthalmic Lasers Market By Region, From 2019-2024 ( USD Billion )
  9. Asia-Pacific Cataract surgical devices Market By Region, From 2019-2024 ( USD Billion )
  10. Asia-Pacific Iris retractors Market By Region, From 2019-2024 ( USD Billion )
  11. Asia-Pacific lens clearing and disinfectant solutions Market By Region, From 2019-2024 ( USD Billion )
  12. Asia-Pacific Ophthalmic Devices Market By End-Users, From 2019-2024 ( USD Billion )
  13. Asia-Pacific Hospitals Market By Region, From 2019-2024 ( USD Billion )
  14. Asia-Pacific Eye care clinics Market By Region, From 2019-2024 ( USD Billion )
  15. Asia-Pacific Research Institutes Market By Region, From 2019-2024 ( USD Billion )
  16. Japan Ophthalmic Devices Market By Product Type, From 2019-2024 ( USD Billion )
  17. Japan Ophthalmic Devices Market By Devices, From 2019-2024 ( USD Billion )
  18. Japan Ophthalmic Devices Market By End-Users, From 2019-2024 ( USD Billion )
  19. China Ophthalmic Devices Market By Product Type, From 2019-2024 ( USD Billion )
  20. China Ophthalmic Devices Market By Devices, From 2019-2024 ( USD Billion )
  21. China Ophthalmic Devices Market By End-Users, From 2019-2024 ( USD Billion )
  22. India Ophthalmic Devices Market By Product Type, From 2019-2024 ( USD Billion )
  23. India Ophthalmic Devices Market By Devices, From 2019-2024 ( USD Billion )
  24. India Ophthalmic Devices Market By End-Users, From 2019-2024 ( USD Billion )
  25. Australia Ophthalmic Devices Market By Product Type, From 2019-2024 ( USD Billion )
  26. Australia Ophthalmic Devices Market By Devices, From 2019-2024 ( USD Billion )
  27. Australia Ophthalmic Devices Market By End-Users, From 2019-2024 ( USD Billion )

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