Ophthalmic Equipment Market Trends, Drivers & Challenges – Market to Grow at a CAGR of 4.0% – 2027 | Novartis AG, Abbott Laboratories, Essilor International S.A., Carl Zeiss Meditec AG

According to the report published by Allied Market Research, the Global Ophthalmic devices market generated $32.53 billion in 2019, and is estimated to reach $44.86 billion by 2027, registering a CAGR of 4.0% from 2020 to 2027. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios.

Ophthalmic Devices Marketby Product Function [Surgical Devices (Refractive Error Surgery Devices, Glaucoma Surgery Devices, Cataract Surgery Devices, and Vitreoretinal Surgery Devices) Ophthalmic Diagnostic Devices (Refractors, Corneal Topography Systems, Retinal Ultrasound Systems, Fundus Camera, Ophthalmoscopes, OCT, Perimeters, Slit Lamps, and Tonometer), and Vision Care Devices (Contact Lenses and Spectacles)]: Global Opportunity Analysis and Industry Forecast, 2020-2027.

Surge in number of patients suffering from cataract disease across the globe drives the growth of the global ophthalmic devices market. North America contributed the highest share in 2019, and will maintain its dominance throughout the forecast period.

Download Sample Report with Detailed COVID-19 Impact Analysis at: https://www.alliedmarketresearch.com/request-sample/2046

Covid-19 scenario:

Disruptions in the supply chain have affected the manufacturing of surgical instrument and equipment, thereby impacting the ophthalmic devices market.Moreover, people have become much conscious about necessary eye care measures and medical professionals have also started practicing preventive ophthalmologymethods during the pandemic.

The report offers a detailed segmentation of the global ophthalmic devicesmarket based onproduct function, and region.

Based on product function, the vision care segment contributed to the largest share in 2019, accounting for nearly half of the total share, and is estimated to maintain its dominant position during the forecast period. However, thediagnostic devices segment is expected to register the highest CAGR of 4.7% from 2020 to 2027.

For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/2046

Key Findings Of The Study

By product function, the vision care devices segment accounted for $15,557.8 million in the global ophthalmic devices market in 2019.

By region, North America account for the largest share in 2019; however, Asia-Pacific is anticipated to grow at the highest CAGR of 4.5% during the forecast period.

North Americas anticipated to dominate the market by 2027-

Based on region, North America accounted for the highest share based on revenue, holding for nearly two-fifths of the global ophthalmic devices market in 2019, and is projected to maintain its dominant position throughout the forecast period. This is due to rise in number of blindness and low vision in the U.S. Moreover, Asia-Pacific region is estimated to generate the fastest CAGR of 4.5% from 2020 to 2027. This is attributed to the presence of high population base, increase in disposable income, and improvement in patient awareness about advanced ophthalmic devices in this region.

Key players covered in the report include:

Leading market players analyzed in the research include Novartis AG, Abbott Laboratories, Essilor International S.A., Carl Zeiss Meditec AG, Johnson Johnson, HAAG-Streit Holding AG, Topcon Corporation, Nidek Co., Ltd., Ziemer Ophthalmic Systems AG., and Valeant Pharmaceuticals International, Inc.

Contact:
David Correa
5933 NE Win Sivers Drive
#205,Portland, OR97220
United States
USA/Canada(Toll Free):+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK:+44-845-528-1300
Hong Kong:+852-301-84916
India(Pune):+91-20-66346060
Fax:+1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based inPortland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.