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Ophthalmic Devices Market Pivotal Players | Essilor International, Johnson and Johnson Vision Care, CooperVision AG, Bausch and Lomb Inc, Hoya Corp., Nidek Co Ltd., Topcon Corp., Alcon Inc., Carl Zeiss AG, Canon Inc.

02-12-2019 11:38 AM CET | Health & Medicine

Press release from: Global Market Insights, Inc.

Ophthalmic Devices Market

Ophthalmic Devices Market

Germany ophthalmic viscosurgical devices market to register substantial gains over 2018-2024, surging prevalence of eye disorders to drive the product demand.

Ophthalmic viscosurgical devices market is expected to chart out a remarkable growth path in the years to come, primarily on account of the surging product requirement for age-related cataract treatments. As per reliable statistics, more than 10 million cataract operations are carried out across the globe. The International Agency for the Prevention of Blindness (IAPB) has also gone on record to state that cataract is the leading cause of blindness across the globe. Amidst this backdrop, grim though it may seem, it is quite overt that people suffering from cataract and other ophthalmic disorders will fuel the demand for ophthalmic viscosurgical devices market.

Lately, the increasingly changing dietary habits and the prevalence of a hectic, modern lifestyle have led to the widespread occurrence of diabetes. Diabetic people are quite vulnerable to ocular disabilities such as blindness and diabetic retinopathy. As the prevalence of diabetes and diabetes related blindness increases, the global ophthalmic viscosurgical devices industry trends are expected to undergo a massive change.

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Elaborating on the pointer of cataract occurrence being a prime influencer of ophthalmic viscosurgical devices market, it is pivotal to mention that cataract surgery accounted for quite some share of the global industry in the year 2017. This is essentially pertaining to the escalating prevalence of the disease in addition to the surging elderly populace across the globe. Apparently, ophthalmic viscosurgical devices market from cataract surgery will register a CAGR of 12.8% over 2018-2024.

How will Germany influence the global ophthalmic viscosurgical devices market statistics?

Germany is touted to come up as one of the most profitable regional arenas for ophthalmic viscosurgical devices market. One of the primary reasons for the same is the growing incidence of ophthalmic disorders in the nation. Not to mention, the presence of organizations such as the German Society of Ophthalmology, the Association of German Ophthalmic Surgeons, and the German Professional Association of Ophthalmologists have been continually implementing national screening programs for glaucoma and other age-related conditions such as macular degeneration. Powered by such initiatives, Germany ophthalmic viscosurgical devices market is forecast to register a CAGR of 12% over 2018-2024.

Enumerating the impact of the U.S. industry on the overall ophthalmic viscosurgical devices market:

The United States is a lucrative ground for not just the North American zone but also for the overall ophthalmic viscosurgical devices market. Indeed, estimates claim that the United States dominated the North America ophthalmic viscosurgical devices market in 2017 with a valuation of USD 156.1 million in 2017 and is apparently expected to depict a similar trend in the years to come.

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The primary reason for the expansion of the U.S. ophthalmic viscosurgical devices market is the surging prevalence of diabetes in the region, specifically among the elderly, leading to visual disabilities. Not to mention there has been a tremendous rise in the awareness among the masses with regards to regular eye check-ups, that has further impelled the regional industry. Also, the United States is remnant of extensive healthcare spending on infrastructure and treatment, that would expedite the U.S. ophthalmic viscosurgical devices (OVD) market over 2018-2024.

The competitive landscape of ophthalmic viscosurgical devices market is rather ferocious, encompassing prominent bigwigs such as Alcon, Rayner Intraocular Lenses, Bohus Biotech, Abbott Medical Optics, Johnson & Johnson Vision Care, Bausch & Lomb, Maxigen Biotech, CIMA Technology, and Carl Zeiss Meditec. Pivotal contenders are known to adopt several strategic tactics such as novel product innovation and M&As to thrive in this business space. The declaration of the acquisition of IanTech a firm that concentrates on brainstorming technological solutions for micro-interventional cataract surgeries by Carl Zeiss in 2018 is an instance validating the adoption of strategic tactics in this industry.

Report Content

Chapter 1. Methodology
1.1. Methodology
1.2. Market definition
1.3. Forecast parameters
1.4. Data sources
1.4.1. Secondary Unpaid Sources Paid Sources
1.4.2. Primary

Chapter 2. Executive Summary
2.1. Ophthalmic devices industry 3600 synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Product trends
2.1.3. End Use trends
2.1.4. Regional trends

Chapter 3. Ophthalmic Devices Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 – 2024
3.3. Industry impact forces
3.3.1. Growth drivers Rising geriatric population in Middle East & Africa and Asia Pacific region Increase in number of people suffering from ophthalmic disorders in Latin America Technological advancements in developed regions Increasing government initiatives in North America Growing global demand and preference for non-invasive treatment Rise in global adoption of contact lenses and spectacles
3.3.2. Industry pitfalls & challenges High cost of the ophthalmic devices Increasing adoption of refurbished ophthalmic devices Risk associated with eye surgeries Lack of skilled labors
3.4. Growth potential analysis
3.4.1. By product
3.4.2. By end use
3.5. Regulatory landscape
3.5.1. U.S
3.5.2. Europe
3.6. Porter’s analysis
3.7. Competitive landscape, 2017
3.7.1. Business overview
3.7.2. Revenue analysis
3.7.3. Product landscape
3.7.4. Strategy dashboard
3.8. PESTEL analysis

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
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