What's driving the Ophthalmic Surgical Devices Market Growth? Prominent Players: Oertli Instrumente AG, Allergan, Hoya Corporation, Bausch & Lomb Incorporated, Johnson and Johnson Services, Inc., New World Medical, Inc., Glaukos, STAAR SURGICAL, ZEISS Int

The global "ophthalmic surgical devices" market size is anticipated to reach USD 12.75 billion by 2026, registering a CAGR of 4.8% during the forecast period. Rising prevalence of cataract is one of the key factors fueling this market. The World Health Organization (WHO) defines cataract as "clouding of the lens of the eye which impedes the passage of light". The WHO estimates that currently there are approximately 18 million around the world that are blind in both eyes due either to improper surgery or inaccessibility to advanced procedures. While this eye condition mostly occurs as a person ages, the WHO claims that other risk factors such as diabetes, exposure to UV light, and smoking are fast emerging as major grounds for cataract. Moreover, the International Agency for the Prevention of Blindness (IAPB) states that blindness from cataract is around 5% in developed countries and 50% in developing and underdeveloped nations. Increasing demand for ocular treatments from emerging economies is, therefore, expected to lead the ophthalmic surgical devices market trends in the upcoming decade.
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Highlights of the Ophthalmic Surgical Devices Market Report Include:
o Microscopic study of the various factors driving and restraining the market
o Careful classification and research of the market segments
o Accurate computation of market figures
o Comprehensive analysis of the regional dynamics and competitive landscape

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Key Players Operating in The Ophthalmic Surgical Devices Market Include:

Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:

o Oertli Instrumente AG
o Allergan
o Hoya Corporation
o Bausch & Lomb Incorporated
o Johnson and Johnson Services, Inc.
o New World Medical, Inc.
o Glaukos
o STAAR SURGICAL
o ZEISS International
o Alcon (Part of Novartis AG)

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What is the Scope of the Ophthalmic Surgical Devices Market report?

The report provides a detailed analysis of the market and focuses on key aspects such as leading companies, product/service types, and leading applications of the product. Besides, the report offers insights into the market trends and highlights key industry developments. In addition to the aforementioned factors, the report encompasses several factors that have contributed to the growth of the market over the recent years.

Ophthalmic Surgical Devices Market Scope:

Attributes Details
Study Period 2015-2026
Base Year 2018
Forecast Period 2019-2026
Historical Period 2015-2017
Unit Value (USD billion)

The report focuses on global major leading industry players of market providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. This report focuses on Ophthalmic Surgical Devices Market Trend, volume and value at global level, regional level and company level. From a global perspective, this report represents overall Ophthalmic Surgical Devices Market Size by analysing historical data and future prospect.
With tables and figures helping analyse worldwide Ophthalmic Surgical Devices Market Forecast provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
Patient-friendly Healthcare Policies to Propel the Market in North America
North America is predicted to dominate the ophthalmic surgical devices market share over the forecast period, having generated a revenue of USD 2.82 billion in 2018. The most favorable factor for the market here is the convenient nature of healthcare policies. Apart from this, increasing prevalence of cataract, glaucoma, and refractive errors, along with strong presence of other risk factors such as smoking and diabetes, will also further the growth of the market in North America.

Asia-Pacific is expected to significantly contribute to the ophthalmic surgical instrument market revenue owing to the rising number of aging people in China and Japan and growing incidence of ocular disorders. In Europe, the market will be driven by active adoption of advanced diagnostic and surgical procedures.
Objective of Studies:
o To provide strategic profiling of key players in the market, comprehensively analysing their core competencies, and drawing a competitive landscape for the market.
o To provide insights about factors affecting the market growth. To analyse the Ophthalmic Surgical Devices Market based on various factors- price analysis, supply chain analysis, porter five force analysis etc.
o To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global Ophthalmic Surgical Devices Market.
o To provide country level analysis of the market with respect to the current Ophthalmic Surgical Devices Market size and future prospective.
o To provide country level analysis of the market for segment by application, product type and sub-segments.
o To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World.
o To track and analyse competitive developments such as joint ventures, strategic alliances, new product developments, and research and developments in the global Ophthalmic Surgical Devices Market.

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