Ophthalmology Devices Market Value is estimated at USD 38.4 billion in 2018 and is expected to reach USD 50.19 Billion market by 2023 with a CAGR of 5.5% in the review period. 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.
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. 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.
ophthalmology Devices industry segment analysis
The global ophthalmology device market is segmented based on the application, disorders and by devices. By application, the market is categorised as diagnostics & monitoring devices, surgery devices and vision care devices. Based on the type of disorder, the market is segmented as Cataract, Glaucoma, Refractor disorders and vitreo retinal disorder. Based on the type of devices the market is analysed under the canaloplasty devices and computerized field analyser. The market is segmented based on the geographical region into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
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.
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 New Developments
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 By Application
5.1.1 Diagnostics & Monitoring devices
5.1.2 Surgery Devices
5.1.3 Vision Care Devices
5.2 By Disorders
5.2.1 Cataract
5.2.2 Glaucoma
5.2.3 Refractor disorders
5.2.4 Vitreo retinal disorder
5.3 By Device
5.3.1 Canaloplasty devices
5.3.2 Computerized Field Analyser
6. Geographical Analysis
6.1 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.2 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.3 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 South Korea
6.4 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Mexico
6.4.4 Rest of Latin America
6.5 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
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 Johnson & Johnson
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Strategic Evaluation and Operations
8.1.4 Financial analysis
8.1.5 Legal issues
8.1.6 Recent Developments
8.1.7 SWOT analysis
8.1.8 Analyst View
8.2 Alcon Inc.,
8.3 Abbott Medical Optics Inc.
8.4 Essilor International
8.5 Bausch and Lomb Inc.
8.6 Topcon Corporation
8.7 Nidek CO Ltd.
8.8 HAAG-Streit Group
8.9 Carl Zeiss Meditec
8.10 Hoya Corporation
8.11 Ziemer Ophthalmic System
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. Expert Opinions
10.1 Market Outlook
10.2 Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
