Ophthalmic Devices Market Size, Analytical Overview, Growth Factors, Demand, Trends and Forecast to 2024
Category: #reports  By Sachin Pashte  Date: 2019-01-14
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Ophthalmic Devices Market Size, Analytical Overview, Growth Factors, Demand, Trends and Forecast to 2024

The newly released research at Market Study Report titled “2018-2024 Global Ophthalmic Devices Market Report” provides data, information, brief analysis, company profiles, statistics for past years and forecasts for next few years.

The sales of surgical devices accounted for USD 9.7 billion in the year 2017. According to American Academy of Ophthalmology, around 24 million Americans have cataract and over 2 million cataract surgical procedures are conducted annually in the Unites States. Increase in number of ophthalmic surgical procedures such as cataract, glaucoma, refractive error, etc. will result in growing demand and adoption rate of surgical devices thereby, propelling the business growth.

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Ophthalmic devices Market will exceed USD 53.5 billion by 2024; as per a new research report.

The Ophthalmic Devices Market report 2018-2024 provides a comprehensive landscape of the industry, accurate market estimates and forecast split By Product, By End Use and regions. All quantitative information is covered on a regional as well as country basis. The report provides valuable strategic insights on the Ophthalmic Devices, analyzing in detail industry impact forces including growth drivers, pitfalls and regulation evolution. The report also includes a detailed outlook on the Ophthalmic Devices segment competitive environment, diving in to the industry position of each major company along with the strategic landscape.

Notable Ophthalmic Devices market players comprise of Essilor International, Johnson and Johnson Vision Care, CooperVision AG, Bausch and Lomb Inc, Hoya Corp, Nidek Co Ltd, Topcon Corp, Alcon Inc, Carl Zeiss AG, Canon Inc

Japan ophthalmic devices market dominated the Asia Pacific region and was valued over USD  3,877.3 million in the year 2017. Japan is one of the countries that is experiencing rapid aging population. An aging population is comparatively more susceptible than the younger population to many ophthalmology related health concerns. Rise in geriatric population in the country, developed healthcare services and rising prevalence of ophthalmic disorders will augment the ophthalmic devices market growth.

Argentina ophthalmic devices market is estimated to expand at a CAGR of 4.5% over the forecast period. According to the recent research prevalence of blindness and other ophthalmic disorders such as cataract, age-related macular degeneration and glaucoma is high in Argentina. High prevalence of eye disorders along with rise in awareness among the country population regarding ophthalmic treatment will increase the demand and adoption of ophthalmic devices in country.

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In the last few years a vast majority of the population needing ophthalmic treatment has increased the demand and adoption for spectacles and contact lenses. According to the recent statistics, around 45 million people wear contact lenses and over 143 million people wear spectacles in the Unites States currently.  As per the Statistics Netherlands (CBS), around 61% of 6 out of 10 people in the world wear glasses, contact lenses or any other visual aids.

Rise in prevalence of blindness, visual impairments and other ophthalmic disorders such as cataract, diabetic retinopathy, glaucoma and macular degeneration in aged people is high in Asia Pacific and Middle Eastern countries. Increase in number of elderly population will result in large patient population with ophthalmic disorders requiring ophthalmic surgeries thereby, fueling the demand for ophthalmic devices market.

Shortage of human resources for operating ophthalmic devices will restraint the market growth. The high burden of lack of skilled labors is borne by developing regions of sub-Saharan Africa, Latin America and some parts of Asia. According to the recent survey, the shortage of healthcare workers is estimated to reach around 13 million by 2035 from 7.2 million in the year 2017. Hence, lack of skilled labors will affect the growth of ophthalmic devices market growth.  

Table of Content:

Chapter 1. Methodology and Scope

Chapter 2. Executive Summary

Chapter 3.   Ophthalmic Devices Industry Insights

Chapter 4.  Ophthalmic Devices Market, By Product

Chapter 5.  Ophthalmic devices Market, By End Use

Chapter 6.   Ophthalmic devices Market, By Region

Chapter 8.   Company Profiles

More Details on this Report At: https://www.marketstudyreport.com/reports/ophthalmic-devices-market

 

Related Reports: -

 

Global Ophthalmic Devices Market 2018 by Manufacturers, Regions, Type and Application, Forecast to 2023

Diagnostic ophthalmic devices are devices utilized for determination of any imperfection in the human visual pathway. The cause of the imperfection might be any eye related confusion, a contamination, or intrinsic. Market Segment by Manufacturers, this report covers Abbott Medical, Carl Zeiss, Alcon, Bausch & Lomb, Haag-Streit, Topcon, Johnson & Johnson, Essilor

https://www.marketstudyreport.com/reports/global-ophthalmic-devices-market-2018-by-manufacturers-regions-type-and-application-forecast-to-2023?utm_source=RR-AN

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About Author

Sachin Pashte

Email: [email protected]   

Sachin Pashte

Sachin is into market research and web marketing since the last 2 years and has worked on multiple projects across various industries. He has expertise in writing promotional content for market research reports while his personal interests include the games of footbal...

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