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South Korea Ophthalmic Devices Market Technology Advancements, Growth and Demand Analysis 2021 to 2025

08-24-2021 01:17 PM CET | Industry, Real Estate & Construction

Press release from: Market Insights Reports

The report presents an in-depth assessment of the South Korea Ophthalmic Devices Market including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for South Korea Ophthalmic Devices from 2021 till 2025. The report covers the pre COVID-19 historic data, impact of COVID-19 and post-COVID-19 (Corona Virus) impact on various regions and major countries and on the future development of the industry is pointed out.

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https://www.marketinsightsreports.com/reports/04061950077/south-korea-ophthalmic-devices-market-growth-trends-and-forecast-2020-2025/inquiry?Mode=S48  

The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global South Korea Ophthalmic Devices Market: Alcon Inc., Bausch Health Companies Inc., Carl Zeiss Meditec AG, Hoya Corporation, Johnson and Johnson, Nidek Co. Ltd, Topcon Corporation, Ziemer Group AG and others.

Market Overview:

The ophthalmic devices are medical equipment designed for diagnosis, surgical, and vision correction purposes. These devices have gained increasing importance and adoption due to increasing prevalence of various eye diseases such as glaucoma, cataract, and other vision related issues. The rising prevalence of eye-related diseases is leading to increased demand for ophthalmic devices. In many developed and developing countries, eye conditions have emerged as potential threats to the populations. According to World Blind Union, in 2018, there were more than 85 million disabled persons in China, of which more than 17.5 million were visually impaired. Hence, as the number of eye disorders increases, there is a large demand for ophthalmic devices that are used for both diagnostic and therapeutic purposes, driving the market over the forecast period.

Regional Analysis For South Korea Ophthalmic Devices Market:

North America (The United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

Market Key Trends:

Lasers Segment is Expected to Show Better Growth in the Forecast Years

Based on Surgical Devices, the market is segmented into Glaucoma Devices, Intraocular Lenses, Lasers and Other Surgical Devices. Laser is a popular surgical procedure for vision correction problems. It can fix astigmatism, nearsightedness, and farsightedness. Laser can be applied to the iris or the trabecular mesh work to allow aqueous fluid to flow more effectively within the eye and drain better by the normal drainage channels within the eye. As per a recent article, the cataract operation performed per million population rose from 370 in 2000 to 2,205 in 2017. The number is projected to increase further. Also, insurance covers between 70 and 80% of cataract surgical expenses in China, due to continuous efforts made by Chinese government. Hence, the need for diagnosis and treatment of common eye disorders have made significant progress in recent years, which is expected to fuel the demand of ophthalmic devices in the forecast period.

Browse the Report Description And TOC:

https://www.marketinsightsreports.com/reports/04061950077/south-korea-ophthalmic-devices-market-growth-trends-and-forecast-2020-2025?Mode=S48

What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global South Korea Ophthalmic Devices Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

Please connect with our sales team (sales@marketinsightsreports.com ).

Contact Us:
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com

About Us:

MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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