South Korea Ophthalmic Devices Market 2022 Global Outlook- Alcon Inc., Carl Zeiss Meditec AG, Hoya Corporation, Johnson & Johnson, Nidek Co. Ltd, Topcon Corporation

The market research report on “South Korea Ophthalmic Devices Market 2022” provides meticulous analysis for changing competitive dynamics and a dynamic perspective on different factors driving or restraining industry growth. The South Korea Ophthalmic Devices industry report provides necessary and auxiliary data which is represented in pie-charts, tables, systematic overview, and product diagrams. The South Korea Ophthalmic Devices Report also determine the market conditions including the product price, specification, research methodologies, financial and technical details which will help to expand the market operations. The Market research report provides the latest industry data and industry future trends, allowing to identify the products and end users driving revenue growth and profitability.      

The South Korea Ophthalmic Devices market is highly competitive and consists of a number of major players. Companies like Alcon Inc., Carl Zeiss Meditec AG, Hoya Corporation, Johnson & Johnson, Nidek Co. Ltd, Topcon Corporation, Ziemer Group AG Amongst Others.

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Market Overview:

Ophthalmic devices are medical equipment designed for diagnosis, surgical, and vision correction purposes. These devices have gained increasing importance and adoption due to the rising burden 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. Cataract surgery is considered as the most commonly performed surgery in South Korea. 

ophthalmology is a branch of medical sciences, which deals with the structure, function, and various diseases related to the eye. Ophthalmic devices are medical equipment designed for diagnosis, surgical, and vision correction purposes.

Key Developments:

In May 2020, Bausch + Lomb Launched its first EDOF IOL LuxSmart and a monofocal IOL LuxGood with preloaded delivery system and pure refractive optics (PRO) technology.

In April 2020, Haag-Streit Group (Switzerland) acquired VRmagic Holding AG (Germany) to strengthen Haag-Streit’s leading position in the ophthalmology market

In February 2020, Bausch + Lomb (Canada)collaborated with Prevent Blindness (US) o raise awareness about AMD through social media pages to share information about AMD with the public.

In September 2019, Johnson & Johnson Vision Care (US) launched ACUVUE VITA contact lenses for astigmatism in the US

In February 2019, Carl Zeiss Meditec (Germany)collaborated with Christoffel Mission for the Blind (CBM) (Germany)to open a training center in Pune, India in collaboration with the Poona Blind Men Association

Market Segmentation:

Segment by Type
Diagnostic and Monitoring Devices
Cataract Surgical Devices
Glaucoma Surgical Devices
Refractive Surgical Devices
Vitreoretinal Surgical Devices
Other

Segment by Application
Hospital
Specialty Clinics and Ambulatory Surgical Centers
Other

Key Market Trends:

Lasers Segment is Expected to Show Better Growth during the Forecast Period

Based on surgical devices, the market is segmented into glaucoma devices, intraocular lenses, lasers, and other surgical devices. Laser eye procedure is intended to correct long-term vision problems in people. The laser can be applied to the iris or the trabecular meshwork to allow aqueous fluid to flow more effectively within the eye and drain better by the normal drainage channels within the eye. Laser vision correction has a very high success rate, and many patients reliance on eyeglasses or contact lenses is significantly reduced. Hence, owing to the high growth opportunities, the segment is believed to witness rapid growth over the forecast period.

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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  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:  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, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Finally, South Korea Ophthalmic Devices Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and Market development rate and figure and so on. This report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.

Key points in this report:

– The market estimate (ME) sheet in Excel format

– Report customization as per the client’s requirements

– 3 months of analyst support

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