Press release
Brazil Ophthalmic Devices Market To Witness the Highest Growth Globally in Coming Years 2021-2026| Alcon Inc., Bausch & Lomb Inc., Carl Zeiss Meditec AG
Latest research on Brazil Ophthalmic Devices Market report covers forecast and analysis on a worldwide, regional and country level. The study provides historical information of 2016-2021 together with a forecast from 2021 to 2026 supported by both volume and revenue (USD million). The entire study covers the key drivers and restraints for the Brazil Ophthalmic Devices market. this report included a special section on the Impact of COVID19. Also, Brazil Ophthalmic Devices Market (By major Key Players, By Types, By Applications, and Leading Regions) Segment’s outlook, Business assessment, Competition scenario and Trends. The report also gives 360-degree overview of the competitive landscape of the Brazil Ophthalmic Devices industry.Brazil Ophthalmic Devices Market is growing at a CAGR of 5.8% during the forecast period (2021-2026).
The Brazil Ophthalmic Devices market is highly competitive and consists of a number of major players. Top Companies like Alcon Inc., Bausch & Lomb Inc., Carl Zeiss Meditec AG, Essilor International SA, HAAG-Streit Group, Johnson & Johnson, Nidek Co. Ltd, Topcon Corporation, Ziemer Ophthalmic Systems AG
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Regional Analysis:
Furthermore, to broaden the understanding, researchers have studied the global Brazil Ophthalmic Devices market from a geographical point of view, considering the potential regions and countries. The regional analysis will assist the market players in making sound decisions regarding their future investments.
Brazil Ophthalmic Devices Market report includes the following geographic areas such as North America, Europe, China, Japan, Southeast Asia, India and ROW.
Scope of the Report
The ophthalmic device market in Brazil is expected to grow, due to the presence of a universal healthcare system providing coverage for the underserved, rising number of eye-related diseases and disorders, and greater awareness among people. According to ECLAC's 2014 Statistical yearbook for Latin America, the percentage of the aging population (above 65 years) is expected to almost double by 2030, from 6.9% in 2010. Furthermore, the increasing availability of new ophthalmic devices and advanced techniques are favoring the growth of the market.
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Key Market Trends
Contact Lenses Segment is Expected to Hold a Major Market Share in the Brazil Ophthalmic Devices Market
The factors attributing to the dominance of the contact lenses segment are good awareness regarding the availability of contact lenses and their advantages. Rising eye-related disorders population is also driving the contact lenses segment, while the aging population is expected to burden all areas of healthcare. The contact lenses are expected to show growth in the near future due to their convenience and lack of requirement for daily cleaning, while also considered safer for the eye as they reduce the risk of allergies and infections.
According to the World Population Ageing 2019 report, in Brazil, the population aged 65 years or over in 2019 was 19.526 million (9.3%), and this number is projected to reach 30.413 million (13.6%) in 2030. The number of the elderly population is expected to grow in the coming years, and the elderly population is more prone to eye disorders, which ultimately drives the market in the future. Furthermore, expected innovation in the coming years is likely to focus mainly on disposable lenses, and technological advancements in this segment are expected to boost the market over the forecast period.
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: Brazil 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, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
The research includes historic data from 2015 to 2020 and forecasts until 2026 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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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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