Ophthalmology Drug and Device Market: Globally Massive Expansion by Forecast Period from 2019 – 2024 | Top Key Vendors – Alcon, Bausch & Lomb, Carl Zeiss Meditec AG, Essilor International SA, J & J, Nidek, Topcon

Global Ophthalmology Drug and Device Market research report 2019 - 2024 provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability.

Overview of the Global Ophthalmology Drug and Device Market:

The report spread across 114 pages is an overview of the Global Ophthalmology Drug and Device Market. These report study based on the Ophthalmology Drug and Device Market. It is a complete overview of the market, covering various aspects prevailing market landscape. It accumulates comprehensive information and research methodologies.

The Global Ophthalmology Drug and Device Market is expected to witness a CAGR of 5.3% during the forecast period (2019 - 2024). Some of the key factors that are driving the growth of the market include demographic shift, impact of the prevalence of eye disease, technological advancements in the field of ophthalmology, and rising geriatric population.

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The aging population is expected to burden all areas of health care, and ophthalmologists provide approximately 90% of their procedure-based services to seniors. In many countries, cataract surgery is the most frequent surgical procedure performed, and it offers significant improvements in the quality of life of the elderly population at low costs. An increase in the demand for ophthalmological devices projects the future cataract surgery needs that are vital for human health resources and hospitals, and for surgical center management and planning.

According to the Royal College of Ophthalmologists, the United Kingdom, around 330,000 cataract operations are performed each year in England alone. It has been estimated that 30% of people aged 65 years or more have a visually impairing cataract in one or both eyes. Some populations tend to have a much higher prevalence of cataracts. For instance, 77% of the British people, aged 42 years or older, originating from the Indian subcontinent have cataracts. There is a threefold variation in the number of people having cataract surgery across England, owing to differences in health commissioning policies.

Industry Analysis: The ophthalmology drug and device market, which is highly competitive, consists of a number of major players. Recently, various developments have been taking place in the market. For instance, in November 2017, Bausch & Lomb got Vyzulta approved for reduction of intraocular pressure in patients with open-angle glaucoma or ocular hypertension. Moreover, in November 2017, Zeiss introduced the cloud-based cataract surgery planning platform, Veracity Surgical, and announced the integration with leading EMRs.

Regionally, North America Dominates the Market and Expected to do the same during 2019 – 2024; Due to the presence of well-established healthcare facilities, the rise in geriatric population in the region, and certain other factors, North America dominates the ophthalmology drug and device market. Owing to the constant increase in the American elderly population, as well as a movement toward vision correction and its usage among key demographics, an absolute increase in usage rates for most types of eyewear was observed in the United States.

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Major Key Players:

1 Alcon Inc.

2 Bausch & Lomb Inc.

3 Carl Zeiss Meditec AG

4 Essilor International SA

5 Haag-Streit Group

6 Johnson & Johnson

7 Nidek Co. Ltd

8 Topcon Corporation

9 Ziemer Ophthalmic Systems AG and More………………

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Table of Contents:

1 Introduction

2 Global Ophthalmology Drug and Device Market Research Methodology

3 Executive Summary

4 Global Ophthalmology Drug and Device Market Dynamics

5 Global Ophthalmology Drug and Device Market Segmentation

6 Competitive Landscape

7 Global Ophthalmology Drug and Device Market Opportunities and Future Trends

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