Ophthalmoplegia Market Have Made Good Revenue Growth and Making CAGR of 7.2% by 2023 with Global Organizations Like Abbott, Novartis AG, ALLERGAN, Johnson & Johnson & More

Ophthalmoplegia refers to the condition of double or blurred vision due to damage of the ophthalmic nerves. It can be caused by congenital abnormalities, trauma, viral infections, or disorders that affect the nervous system including multiple sclerosis, cerebral tumors, and migraines. The Global Ophthalmoplegia Market is expected to grow at a CAGR of ~ 7.2 % during the forecast period 2017-2023.

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Ophthalmoplegia, also referred as extra ocular muscle palsy, is a paralysis of the extra ocular muscles that control movements of eyes. In this condition, nerve fibers that coordinate both eyes in horizontal movements looking from side to side- are damaged. A number of devices and treatments are available in the market, which can cure or improve the eyesight of the patient. The Global ophthalmoplegia market is driven by increasing number of people with ophthalmoplegia and increasing geriatric population. According to the World Health Organization in 2010, about 250 million people of over 50 years were suffering from visual impairment. Around 80% people in many of the developing countries have eye sight problems; of which nearly 50% of the people are not able to take treatment due to huge cost of the surgeries. Increasing prevalence of eye sight affecting diseases, for instance, diabetes and rapid developments in technology have fuelled the growth of the market. On the other hand, high cost of the treatment and availability of cheap alternative treatment may slow the growth of the market.

Diabetes is one of the major cause of ophthalmoplegia. Increasing prevalence of ophthalmoplegia, increasing geriatric population, and changing lifestyle are the major driver for the growth of the market. Moreover, increasing prevalence of diabetes & other neurological diseases, and increasing government support for research & development have fuelled the market growth. However, high cost of the treatment may hinder the growth of the market over the assessment period.

Ophthalmoplegia Market - Key Players

Some of key players profiled in the report are:

Abbott (US)
Novartis AG (Switzerland)
ZEISS International (Germany)
Valeant Pharmaceuticals International Inc. (US)
Amritt, Inc. (US)
Medline Industries, Inc. (US)
ALLERGAN (Ireland)
Johnson & Johnson (US)

Ophthalmoplegia Market - Regional Analysis

The Americas account for a significant share of the market owing to the presence of huge geriatric and diabetic population. Additionally, high healthcare spending and the government support for research & development have fueled the market growth in this region.

Europe is the second largest global ophthalmoplegia market followed by Asia Pacific.

Asia Pacific is the fastest growing market for ophthalmoplegia. According to WHO, in India 41% of children and 45% of elderly people have visual impairment Japan and Australia are the major contributor to the growth of the market owing to well-developed healthcare sector and high health care expenditure.

The Middle East & Africa holds the lowest share in the market due to limited availability of medical facilities. Saudi Arabia, UAE, and Kuwait are expected to drive the Middle East & African market. Whereas, the African region is expected to witness a moderate growth.

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Ophthalmoplegia Market – Segmentation

The global ophthalmoplegia market has been segmented on the basis of types, treatments, and end users.

On the basis of types, the market is segmented into external ophthalmoplegia and internuclear ophthalmoplegia. External ophthalmoplegia is further segmented into superior recti, inferior recti, medial recti, lateral recti, inferior oblique, and superior oblique muscles.

On the basis of treatments, the market is segmented into surgery, drug treatment, and others. The surgery is further segmented into strabismus surgery and others.

On the basis of end users the market is segmented into hospital & clinics, ambulatory clinics, and others.

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Major Table of Content

Chapter 1. Report Prologue

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope of the Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Chapter 4. Market Dynamics

Continued….

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