Neuroendoscopy Devices Market Trends, Analysis and Forecasts, 2020 – 2030
Expanding geriatric population, and changing lifestyle are the major factors governing the demand for eye care around the globe. The ophthalmic devices play a vital role in the eye care industry for correcting the vision or boosting ophthalmic health. According to the World Health Organization’s World Report on Vision 2019, around two billion people worldwide have vision impairment, with a major burden on the mid-income and low-income countries, and rural areas. This has fueled the demand for the ophthalmic devices across the world. Expanding geriatric population is anticipated to offer prominent opportunity to the players active in the ophthalmic devices market in coming years. The prevalence of eye diseases such as glaucoma, cataracts, and so on is increasing significantly worldwide, as a consequence of increasing incidences of chronic disorders such as hypertension and diabetes. Due to changing lifestyle, the number of patients affected with diabetes and hypertension has increased considerably, thereby resulting in growth of ocular hypertension and diabetic retinopathy. The number of patients suffering from ophthalmic disorders is anticipated to increase in coming years and is in turn expected to accelerate the demand for ophthalmic devices.
North America contributed the largest share to the global ophthalmic devices market in 2019 and is anticipated to be a dominating geography during the forecast period. Increasing incidences of eye diseases due to strong prevalence of diabetes, hypertension, and other lifestyle disorders, availability of robust healthcare infrastructure, and presence of leading manufacturers of ophthalmic devices are the key factors driving the growth of North America ophthalmic devices market. Asia Pacific is anticipated to be the fastest growing geography during the forecast period owing to the expanding healthcare infrastructure, increasing number of patients affected with eye diseases, and rising awareness.
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The report titled “Ophthalmic Devices Market – Global Market Share, Trends, Analysis and Forecasts, 2020-2030” offers market estimates for a period 2018 to 2030, wherein 2018 is historic period, 2019 is the base year, and 2020 to 2030 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global ophthalmic devices market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market. For instance, Carl Zeiss Meditec AG reported revenues of USD 1,587.7 million in 2019 and the product segment analysis of the company indicates that Ophthalmic Devices business segment of the company dominated revenue in 2019.
The global ophthalmic devices market is segmented based on product type, end user, and geography. Based on product type, the global ophthalmic devices market is segmented into surgical devices, diagnostic devices, and vision care devices. The surgical devices are sub-segmented into cataract surgical devices (intraocular lenses (IOLS), ophthalmic viscoelastic devices (OVDS), phacoemulsification devices, cataract surgical lasers, and IOL injectors), vitreoretinal surgical devices (vitreoretinal packs, vitrectomy machines, photocoagulation lasers, illumination devices, and vitrectomy probes), refractive surgical devices (femtosecond lasers, excimer lasers, and others), glaucoma surgical devices (glaucoma drainage devices (GDDS), and microinvasive glaucoma surgical devices), ophthalmic microscopes, and ophthalmic accessories. The diagnostic devices are further sub-segmented into optical coherence tomography scanners, fundus cameras, perimeters/visual field analyzers, autorefractors and keratometers, ophthalmic ultrasound imaging systems, tonometers, and others. The vision care devices are sub segmented into contact lenses and spectacle lenses. Based on end user, the global ophthalmic devices market is segmented into hospitals, specialty clinics & ambulatory surgery centers, and other. Based on geography, the global ophthalmic devices market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment, and would identify the segment of the company focusing on ophthalmic devices. Further, market share of prominent companies in the global Ophthalmic Devices market would also be estimated. For instance, Carl Zeiss Meditec AG operates through two business segments namely Ophthalmic Devices, and Microsurgery. The Ophthalmic devices are delivered under Ophthalmic Devices business segment of the company with revenue contribution of US$ 1,162.6 million in 2019.
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The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, SWOT analysis, and research and development focus of all the ophthalmic devices manufacturers. The global ophthalmic devices market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution. Product portfolio would focus on all the products under the ophthalmic devices business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global ophthalmic devices market.