Ophthalmic Diagnostics Equipment Market Huge Growth in Future Scope 2021-2028 | Notal Vision, Inc., Topcon Corporation, Bausch + Lomb

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𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐖𝐢𝐭𝐡 𝐂𝐨𝐯𝐢𝐝𝟏𝟗 𝐈𝐦𝐩𝐚𝐜𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬: https://www.coherentmarketinsights.com/insight/request-sample/3207

𝐀𝐧 𝐨𝐮𝐭𝐥𝐢𝐧𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐜𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐥𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭:

The comprehensive market report is inclusive of a detailed summary of the competitive analysis of this industry. As per the document, companies along the likes of Notal Vision, Inc., Topcon Corporation, Bausch + Lomb, ZEISS International, Ellex, Quantel Medical, Nidek Co., Ltd., Haag-Streit Group, Halma plc., Coburn Technologies Inc., and Kowa Company Ltd. are encompassed in the competitive spectrum of the market.
Data related production sites, market share, area served, and more have been covered in the report.
The report elucidates data pertaining to the manufacturer’s product portfolio, product specifications, as well as numerous product applications.
A brief outline of the firm in question, its profit margins and pricing models are explained in the report as well.
Overview

Corneal topographers, fundus detectors, tonometers, ophthalmic ultrasound imaging systems, slit lights, and optical coherence tomography scanners are examples of ophthalmic testing instruments used to treat eye diseases. Vitreoretinal surgery devices, refractive devices, and glaucoma and cataract devices are among the other devices available.

By the end of 2027, the global ophthalmic diagnostic equipment market is expected to be worth US$ 4,064.5 million.

Drivers

Over the forecast period, the global ophthalmic diagnostic equipment market is expected to rise due to an increase in the occurrence of diabetic retinopathy, refractive errors, age-related macular degeneration, and cataracts. As per the article, ‘The national and subnational prevalence of cataract and cataract blindness in China: a systematic overview and meta-analysis,' the prevalence of either cataract ranged from 6.71 percent in people aged 45-49 years to 73.01 percent in elderly men aged 85-89 years.

Opportunities

Various organizations’ increasing efforts to increase funds for R&D in eye care is projected to provide attractive growth prospects for industry players. Orbis International announced the launch of its Silicon Valley Orbis Innovation Fund in December 2019, with the aim of raising $8 million for research and development in quality eye care and ophthalmological training.

Restraints

The global ophthalmic diagnostic equipment market is expected to be hampered by the high cost of swept-source OCT (optical coherence tomography).

Key Takeaways

The global ophthalmic diagnostic equipment market's OCT (Optical Coherence Tomography) segment was worth US$ 677.8 million in 2018, and is projected to grow at a CAGR of 6.3 percent to US$ 1,138.0 million by 2027. The increasing technical innovation for the production of new products is credited with the segment's growth.

In terms of sales, the hospitals segment dominated the global ophthalmic diagnostic equipment market in 2018, contributing about 43.2 percent market share, led by clinics. During the forecast period, the segment is expected to expand due to an increase in patient population.

Market Trends

M&A activity in the global ophthalmic diagnostic equipment market is increasing. Irta Dosificacio I Technologia S.L. i-Dositecno – a manufacturer of full sterile filling lines for medicinal, cosmetic, and ophthalmic applications – was purchased by SP Industries, Inc., a Harbour Group firm, in October 2019.

The market's major players are concentrating on providing free cloud services for OCT users. Topcon Medical Systems started providing 20GB of free storage for its OCT product line on the new Topcon Cloud platform in December 2018.

Competitive Landscape

Key companies contributing in the global ophthalmic diagnostic equipment market are Quantel Medical, ZEISS International, Haag-Streit Group, Topcon Corporation, Coburn Technologies Inc., Notal Vision, Inc., Kowa Company Ltd., Bausch + Lomb, Halma plc., Ellex, Nidek Co., Ltd.,

Key Developments

The market's major players are concentrating their efforts on obtaining label clearance in order to extend their product range. Avellino Labs' AvaGen Genetic diagnostic test for keratoconus and corneal dystrophies was CLIA certified in October 2019.

To broaden their product offerings, key players in the industry are focusing on forming partnerships. In October 2019, TECLens, a medical products maker, teamed up with SERVImed Industrial Spa, an ophthalmic medical device supplier, to produce and get FDA approval for a new keratoconus treatment combination medication.

𝐆𝐞𝐭 𝐀𝐜𝐜𝐞𝐬𝐬 𝐎𝐟 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 𝐃𝐢𝐫𝐞𝐜𝐭 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐇𝐞𝐫𝐞: https://www.coherentmarketinsights.com/insight/buy-now/3207

𝐒𝐨𝐦𝐞 𝐏𝐨𝐢𝐧𝐭𝐬 𝐟𝐫𝐨𝐦 𝐓𝐚𝐛𝐥𝐞 𝐨𝐟 𝐂𝐨𝐧𝐭𝐞𝐧𝐭:

1. Overview and Scope

1.1. Research goal & scope

1.2. Research assumptions

1.3. Research methodology

1.3.1. Primary data sources

1.3.2. Secondary data sources

1.4. Key takeaway

1.5. Stakeholders

2. Executive Summary

2.1. Market definition

2.2. Market segmentation

3. Ophthalmic Diagnostics Equipment Market Insights

3.1. Ophthalmic Diagnostics Equipment – Industry snapshot

3.1.1. Leading Companies

3.1.2. Key Companies to Watch

3.2. Ophthalmic Diagnostics Equipment – Ecosystem analysis

3.2.1. Market overview

3.2.2. Commercial Landscape

3.3. Ophthalmic Diagnostics Equipment Market Dynamics

3.3.1. – Market Forces

3.3.1.1. Market Driver Analysis

3.3.1.2. Market Restraint/Challenges analysis

3.3.1.3. Market Opportunity Analysis

3.4. Industry analysis – Porter’s five forces

3.4.1. Bargaining power of supplier

3.4.2. Bargaining power of the buyer

3.4.3. Threat of substitute

3.4.4. The threat of new entrant

3.4.5. Degree of competition

3.5. Market PEST Analysis

3.6. Market Value Chain Analysis

3.7. Industry Trends

3.8. Competitive Ranking Analysis

𝐂𝐨𝐧𝐭𝐢𝐧𝐮𝐞𝐝…………..

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬

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