Global Ophthalmic Surgical Instruments Market, By Product (Cataract Surgery Devices, Refractive Surgery Devices, Glaucoma Surgery Devices, Vitreoretinal Surgery Devices, Ophthalmic Microscopes and Ophthalmic Surgical Accessories), Application (Cataract, Refractive, Glaucoma, Vitreoretinal, Diabetic Retinopathy and Others), End User (Hospitals, Specialty Clinics and Ambulatory Surgery Centers), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Global Ophthalmic Surgical Instruments Market
Ophthalmic surgical instruments market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the ophthalmic surgical instruments market to account grow at a CAGR of 10.1% in the above-mentioned forecast period. Increasing awareness of ophthalmic surgical instruments among the population has been directly impacting the growth of ophthalmic surgical instruments market.
The ophthalmic devices are used in the diagnosis and treatment of eyes associated diseases such as peripheral vitreoretinal disease, vision loss due to aging, refractive eye state, glaucoma treatment, cataract surgeries, and others in hospitals or other specialty clinics. The rising number of players to develop and launch ophthalmic devices for further enhancement such as clear visualization by using ophthalmic microscopes, smartphone associated ophthalmic devices, and devices being used for glaucoma and cataract surgeries.
Growth in the aging population and increasing prevalence of chronic disorders such as diabetes and hypertension is the main driving factor for the ophthalmic surgical instruments market. Increase the demand for ophthalmic equipment across the globe due to demand for the accurate treatment of diseases is driving the market. A number of age-related macular degeneration (AMD) cases is on the rise with the growing prevalence of diabetes which is an opportunity for the ophthalmic surgical instruments market. A huge population base in developing countries across the world is also an opportunity for the ophthalmic surgical instruments market.
Lack of awareness and low access to eye care in low-income economies is a big challenge for the ophthalmic surgical instruments market. However, high costs of ophthalmology devices are the main restraint in the growth of ophthalmic surgical instruments market during the forecast period of 2021-2028.
This ophthalmic surgical instruments market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Data Bridge Market Research ophthalmic surgical instruments market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
In October 2018, Quantel Medical launched VITRA 810 laser and SubCyclo probe which are used to treat ocular diseases and offer clinical applications. The launch will sustain the position of the company in glaucoma treatment.
Ophthalmic Surgical Instruments Market Scope and Market Size
Ophthalmic surgical instruments market is segmented on the basis of product, application and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on product, the ophthalmic surgical instruments market is segmented into cataract surgery devices, refractive surgery devices, glaucoma surgery devices, vitreoretinal surgery devices, ophthalmic microscopes, and ophthalmic surgical accessories.
- Based on application, the ophthalmic surgical instruments market is segmented into cataract, refractive, glaucoma, vitreoretinal, diabetic retinopathy and others.
- Based on end user, the ophthalmic surgical instruments market is segmented into hospitals, specialty clinics, and ambulatory surgery centers.
Ophthalmic Surgical Instruments Market Country Level Analysis
Ophthalmic surgical instruments market is analysed and market size insights and trends are provided by country, product, application and end user as referenced above.
The countries covered in the ophthalmic surgical instruments market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America is likely to lead the ophthalmic surgical instruments market. The regional market has been driven by rising prevalence of ocular disorders owing to growing geriatric population in North America, increase in healthcare expenditure, technological advancements in instruments & devices used for minimally invasive surgeries, and increasing regulatory approvals. However, growing market with new players is the main factor propelling the growth of the regional market. The market in Asia-Pacific is expected to exhibit a substantial growth rate during the forecast period 2021-2028 due to rising geriatric population, growing medical tourism, increasing focus of prominent players on emerging Asian countries, increasing healthcare expenditure, and rising awareness on advance ophthalmic surgical devices.
The country section of the ophthalmic surgical instruments market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
Ophthalmic surgical instruments market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment’s, installed base of different kind of products for ophthalmic surgical instruments market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the ophthalmic surgical instruments market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Ophthalmic Surgical Instruments Market Share Analysis
Ophthalmic surgical instruments market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to ophthalmic surgical instruments market.
The major players covered in the ophthalmic surgical instruments market report are ZEISS International, Leica Microsystem, Johnson & Johnson Services, Inc., Quantel Medical, Bausch Health Companies Inc., NIDEK CO., LTD., Novartis AG, Ellex Medical Lasers Ltd., Ziemer Ophthalmic Systems, HOYA Corporation, Lumenis, STAAR SURGICAL, IRIDEX Corporation, TOPCON CORPORATION, Takagi Ophthalmic Instruments Europe LTD., ACB MOLTENO, Medical Technical Products, IVIS Technologies, Aurolab, Inami & Co., Ltd. among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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