Companies Profiled in Ophthalmic Devices Market are Essilor, Johnson and Johnson Vision Care, Canon Medical Systems USA, Inc.

Recent technological advancements have resulted in rapid transformation in ophthalmology in developed regions of North America and Europe over the past several years. Aging population in the developed regions do not have to face blindness and in fact can treat it with the help of advanced technologies that are available in the region. Increase in awareness among the people and technological progress in the treatment of eye diseases in the region has led to significant advancement and has accelerated the demand and ophthalmic devices market growth.

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The vision care market accounted for over USD 21.5 billion in the year 2017 and is estimated to expand significantly over the projection period. According to the National Eye Institute, around 11 million Americans have common vision problems such as myopia, hyperopia, presbyopia and astigmatism that can be treated with the use of prescriptive vision care products such as glasses or contact lenses. Increase in number of people suffering from refractive and common vision problems will result in growing demand and adoption rate for vision care products, augmenting the business growth.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• Essilor
• Johnson and Johnson Vision Care
• Canon Medical Systems USA, Inc.
• Carl Zeiss Vision
• CooperVision
• Hoya Corporation
• Nidek Inc.
• Topcon Medical Systems
• Alcon LenSx, Inc.

Majority of the ophthalmic products such as vision care products are used by the common consumers and accounted for the total revenue of over USD 19.5 billion in 2017. Visual impairment is one of the severe health concerns across all the countries. Almost around 80% of the people with ophthalmic disorders need treatment. In the last few years a clear majority of the consumers that need ophthalmic treatment has increased the demand and adoption for vision care products.

U.S. ophthalmic devices market valued at USD 13.8 billion in 2017 and is forecast to grow with a CAGR of over 3% during the projection timeframe. According to the American Academy of Ophthalmology, more than 40 million people in the United States suffer from several eye disorders such as cataract, glaucoma, age-related macular degeneration (AMD), diabetic retinopathy and dry eye. And, around 8 million people suffer from visual impairment and more than 150 million people use corrective eyewear for the treatment of refractive error. Growing number of ophthalmic patients and surgeries will boost of U.S. ophthalmic devices industry growth.

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Ophthalmic Devices Market by Product
• Surgical Devices
• Diagnostic and Monitoring Devices
• Vision Care Products
• Ophthalmic Accessories
Ophthalmic Devices Market by End User
• Hospitals
• Specialty Clinics
• Ambulatory Surgery Centers
• Consumers

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