Ophthalmology Devices Market Size, Share, Growth, Trends, and Covid-19: Potential Impact Analysis, Absolute Opportunity and Value Chain 2020 To 2026
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Global Ophthalmology Devices Market is expected to register a healthy CAGR of 4.4% in the forecast period of 2019 to 2026.
Competitive Analysis: Global Ophthalmology Devices Market
Some of the major players operating in this Ophthalmology Devices Market Essilor, Marco, Heidelberg Engineering GmbH., HAAG-STREIT GROUP, Johnson & Johnson Surgical Vision, Inc., HOYA Corporation., CIBA VISION, NIDEK CO., LTD., TOPCON CORPORATION, ZEISS International, Canon Inc., CooperVision, Bausch & Lomb Incorporated., STAAR SURGICAL, AcuFocus, Inc., Ziemer Ophthalmic Systems among others.
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Ophthalmology is the study of the eye and its various conditions; it is a branch of medicine that deals with the treatment, cure and diagnosis of various diseases of the eye and visual mechanism. The term ophthalmology originated from the Greek words ophthalmos which means “eye” and logos which means “word.” This means the “science of eyes.” The human eye can be affected by various clinical conditions like: Age-related macular degeneration, cataract, diabetic retinopathy, glaucoma and astigmatism.
The ophthalmoscope was introduced in the 19th century which bought along a period of deep knowledge of the eye and treatment of various eye related diseases that was not possible before. Later, throughout the 20th century, investigation in the field of ophthalmology kept growing and several subspecialties were introduced. In 1805, Moorfields Eye Hospital became the first hospital that was dedicated to ophthalmic opened in London.
Segmentation: Global Ophthalmology Devices Market
Global ophthalmology devices market is segmented into three notable segments such as product type, application and end-user.
On the basis of product type, the Ophthalmology Devices Market is segmented into diagnostic and monitoring devices, surgery devices and vision care devices. The diagnostic and monitoring devices segment is sub- segmented into optical coherence therapy, ophthalmology ultrasound imaging system, fundus cameras, ophthalmoscopes, retinoscopes, wavefront abberrometers, corneal topography, autorefractors, keratometers, specular microscopes, visual field analyzers, tonometers and slit lamps. The ophthalmology ultrasound imaging system is further sub-sub- segmented into A-scan biometers, B-scan ultrasounds, UBM ultrasounds and pachymeters. The surgery devices segment is sub segmented into cataract surgery devices, glaucoma surgery devices, refractive surgery devices and vitreoretinal surgery devices. The cataract surgery devices segment is sub-sub segmented into intraocular lenses, ophthalmic viscoelasticity devices, phacoemulsification devices and retinoscopes. The glaucoma surgery devices segment is further sub-sub-segmented into glaucoma drainage devices, stents and implants and lasers. The refractive surgery devices segment is sub-sub-segmented into excimer lasers, microkeratomes and femtosecond lasers. The vitreoretinal surgery devices segment is further sub-sub-segmented into vitrectomy machines and packs, photocoagulation lasers, illumination devices and vetrioretinal accessories. In 2019, vision care devices segment is growing at the highest CAGR in the forecast period of 2019 to 2026.
On the basis of application, the Ophthalmology Devices Market is segmented into cataract surgery, vision care, ophthalmic wound care, oculoplastics and others. In 2019, Vision Care segment is growing at a highest CAGR in the forecast period of 2019 to 2026.
On the basis of end user, the Ophthalmology Devices Market is segmented into hospitals, academics, eye research institutes, research laboratories, diagnosis clinics, franchise optical stores and government agencies. In 2019, Hospitals segment is growing at the highest CAGR in the forecast period of 2019 to 2026.
In September 2018, NIDEK launched the GS-1 Gonioscope. This helped NIDEKto expand its product portfolio.
In January 2018, HOYA surgical optics launches new global research and development centre in Singapore to address global burden of cataract. This will help HOYA Surgical Optics the first IOL company with an integrated hub in Singapore.
In March 2018, CooperVision Announced the Availability of New MyDay toric in Plus Powers. This will help CooperVision to make increase their product portfolio.
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