Ophthalmic Surgical Technologies Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012 to 2016 and Forecast 2017 to 2023

Global Ophthalmic Surgical Technologies Market: By Product Type (Excimer Laser Systems, Femtosecond System, Phacoemulsification Systems, YAG Laser Systems, Others), By Indication (Refractive Surgery, Retinal Surgery, Cataract Surgery, Glaucoma Surgery, Others), By End-User (Hospitals, Ambulatory Surgical Centers, Eye Care Centers), and Geography – Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012-2016 and Forecast 2017-2023

Market Outline: Ophthalmic Surgical Technologies Market
Ophthalmic surgery or ocular surgery is performed on eye or its adnexa. Most common eye disorders are glaucoma, cataract, and diabetic retinopathy. Ophthalmic surgeries are carried by various technologies such as femtosecond system, excimer laser systems, and laser ophthalmic surgical systems among others.

Market Dynamics: Ophthalmic Surgical Technologies Market
Increase in the prevalence of eye diseases, rise in demand for minimally invasive surgical procedures, innovation of newer technologies for ophthalmic surgeries, and rise in geriatric population are anticipated to fuel the ophthalmic surgical technologies market over the forecast years. Moreover, government initiations to prevent the blindness, untapped market in developing countries, and sophisticated healthcare infrastructure in developed countries are anticipated to boost the ophthalmic surgical technologies market. However, high cost of surgical procedures, complication with laser surgeries, availability of alternatives for retinal surgeries, and lack of skilled professionals may restrain the growth of ophthalmic surgical technologies market over the forecast period.

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Market Scope: Ophthalmic Surgical Technologies Market
Ophthalmic surgical technologies market is segmented on the basis of product type, indication, end-user, and region
Based on product type, the market is segmented into the following:
• Excimer Laser Systems
• Femtosecond System
• Phacoemulsification Systems
• YAG Laser Systems
• Others
Based on the indication, the market is segmented into the following:
• Refractive Surgery
• Retinal Surgery
• Cataract Surgery
• Glaucoma Surgery
• Others
Based on the end-user, the market is segmented into the following:
• Hospitals
• Ambulatory Surgical Centers
• Eye Care Centers
Based on the region, the market is segmented into the following:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa

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Market Summary: Ophthalmic Surgical Technologies Market
Global ophthalmic surgical technologies market is poised to grow at a significant CAGR owing to increase in the prevalence of ophthalmic diseases. According to World Health Organization 2017, approximately 253 Mn people are living with vision impairment, 36 Mn are blind, and 217 Mn are suffering from moderate to severe impairment. Moreover, development of newer technologies with minimally invasive surgical procedures expected to upsurge the revenue of ophthalmic surgical technologies market. For instance, in November 2015, Alcon, a division of Novartis, introduced Contoura Vision, a latest advancement in wavelight refractive portfolio to treat nearsightedness or nearsightedness with astigmatism in patients by using laser procedure. Moreover, market players acquiring the competitors business to strengthen their market position. For instance, in September 2016, Johnson & Johnson acquired Abbott Medical Optics business segment including laser refractive surgery, cataract surgery, and consumer eye health.

Regional Analysis: Ophthalmic Surgical Technologies Market
Geographically, ophthalmic surgical technologies market segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America ophthalmic surgical technologies market accounted for significant share due to increase in the incidence of cataract and glaucoma surgeries in U.S. Europe ophthalmic surgical technologies market exhibiting lucrative growth rate owing to adoption of newer technologies and increase in the prevalence of visual impairment. Asia Pacific ophthalmic surgical technologies market has a notable share due to increase in geriatric population in India, Japan, and China, rise in medical tourism due to low cost of treatment, and development in healthcare infrastructure. Latin America ophthalmic surgical technologies market is growing due to rise in prevalence of glaucoma surgeries, adoption of newer surgical procedures, and launching of newer products by market players in the region.

Competition Assessment: Ophthalmic Surgical Technologies Market
Some of the players in the global ophthalmic surgical technologies market include:
• Topcon Corporation (Japan)
• Alcon Laboratories, Inc. (Novartis AG) (U.S.)
• Johnson and Johnson Vision Care, Inc. (U.S.)
• Carl Zeiss Meditek AG (Germany)
• Bausch & Lomb Inc. (U.S.)
• STAAR Surgical (U.S.)
• Essilor (France)
• Hoya Corporation (Japan)
• Nidek Co., Ltd. (Japan)
• Lumenis (Israel)

Notable Market Developments: Ophthalmic Surgical Technologies Market
• In October 2017, Zeiss introduced new technologies for advancing ophthalmic care include new all-in-one Opmi Lumera 700 surgical microscope, next-generation EDoF IOL, and Clarus 500 ultra-widefield imaging

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Key Features of the Report:
• The report provides granular level information about the market size, regional market share, historic market (2012 to 2016) and forecast (2017 to 2023)
• The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
• The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
• The report tracks recent innovations, key developments and startup’s details that are actively working in the market
• The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
• The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

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