The Ophthalmology Device Market size in Latin America was valued at USD 4.04 billion in 2022 and is forecasted to worth USD 5.23 Billion by the year 2027, growing at a significant growth rate of 5.3% between 2022 to 2027.
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 the aging population and various ocular diseases has created tremendous opportunities in the global ophthalmic devices market that include cataract, refractive, glaucoma surgical devices, etc. 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 that deals with diseases related to the eyes, anatomy, and physiology. Ophthalmology devices include surgical devices that are used primarily for treating conditions relating to the eye. The ophthalmology devices greatly help optimize the treatment process for eyes, making it more convenient for both ophthalmologists and patients.
The medical device market has witnessed the emergence of ophthalmology devices as one of the leading segments in the market. The market is primarily driven by the rising prevalence of eye diseases with an increasingly aging population and advancement in ophthalmology devices. The growth is also attributed to the rising expenditure on healthcare, government investments in healthcare, and continuous developments and innovations in the medical field. However, factors like lack of healthcare insurance in many developing countries, lack of knowledge about diseases like glaucoma among individuals, and poor infrastructure are some of the factors restraining the growth of the market.
This research report on the Latin America Ophthalmology Devices Market has been segmented and sub-segmented into the following categories:
By Application:
By Disorders:
By Devices:
By Country:
Major companies operating in the Latin America Ophthalmology Device Market profiled in this report are Johnson & Johnson, Abbott Medical Optics Inc., Carl Zeiss Meditec, Hoya Corporation, Essilor International, Alcon Inc., Topcon Corporation, HAAG-Streit Group, Ziemer Ophthalmic System, Bausch and Lomb Inc., and Nidek Co Ltd.
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 Introduction
6.2 Brazil
6.3 Mexico
6.4 Rest of Latin America
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
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