Eye Care Surgical Market All Set for a Healthy Growth Outlook, Primacy of North America Intact

Primarily upheld by the expanding geriatric population worldwide, exploding diabetes prevalence, and an aggravating impact of a nutrition-deficit lifestyle, eye care surgical market remains afloat owing to a steady surge in the number of cases of various visual impairments. In line with a constant hike in demand for reliable eye care surgical devices, a new upcoming study of Fairfield Market Research indicates emergence of new opportunities in global eye care surgical market. Hospitals, and clinics continue to represent the major end-use category, says the report.

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Higher Prevalence of Vision Impairment Fuels Demand Surge

WHO reports that more than 2 billion people in the world are living with a vision impairment, over half of which could have been prevented but remain untreated even today. The number of individuals suffering severe or moderate vision impairment due to diabetic retinopathy, trachoma, and glaucoma is also considerably high worldwide. The cases of age-related macular degeneration, unaddressed refractive error, cataract, and trachomatous trichiasis are also remarkable in number. In this backdrop, demand for more efficient, reliable, more accessible, and advanced eye care surgical procedures is expected to see a continuous surge in future.

Technological Advancements Drive Growth of Eye Care Surgical Market

With sophistication of eye care surgical devices that play a vital role in diagnosis, and treatment of conditions like age-related macular degeneration, glaucoma, diabetic retinopathy, and trachomatous trichiasis, the report expects eye care surgical market to expand at a promising rate in future. Research also suggests that the various health institutions, non-profit organisations, eye health awareness campaigns, public-private partnerships, and rigorous R&D initiatives will continue to play a crucial role in the market build-up.

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Expensive Pricing Continues to be the Key Challenge for Rapid Growth

The expensive eye care surgeries, and premium price point of advanced surgical devices will however continue to be some of the most challenging factors limiting rapid growth of eye care surgical market. While potential safety concerns around complicated surgeries also remain an important roadblock, the lack of the skilled healthcare personnel in eye care industry will also prevail as one of the longstanding growth impediments facing market participants in long term. Brands are however likely to enter strategic partnerships to achieve reduced surgical costs. Some of the leading companies are also expected to indulge in R&D initiatives over the development of safer, more effective eye care surgical devices.

North America Remains an Indubitable Leader in Eye Care Surgical Market

Dominance of North America will prevail and the key factor underpinning the same would include strong presence of some of the global leaders, especially in the US. Higher awareness among the population, notable per capita healthcare spending, favourable national healthcare budgets, and technologically sophisticated eye care infrastructure will further offer a collective push to market growth across the region. Asia Pacific on the other hand is projected to emerge as a lucrative market for both participants, as well as investors.

Key Market Players

The report would cover some of the leaders in global eye care surgical market landscape under the competitive analysis section. Johnson & Johnson Vision Care, Inc., Bausch & Lomb Incorporated, Ziemer Ophthalmic Systems, NIDEK CO., LTD., Carl Zeiss AG, Glaukos Corporation, STAAR SURGICAL, IRIDEX Corporation, Ellex Inc., Alcon (Novartis AG), TOPCON CORPORATION, and HOYA Corporation constitute a few of the market participants that would be profiled in the report.

Global Eye Care Surgical Market is Segmented as Below:

By Application
• Refractive Surgery
• Glaucoma Surgery
• Cataract Surgery
• Oculoplastic Surgery
• Vitreo-Retinal Surgery
• Corneal Surgery
• Others

By End User
• Hospitals
• Eye Research Institutes
• Ophthalmology Clinics
• Ambulatory Surgical Centers

By Region
• NORTH AMERICA
• EUROPE
• ASIA-PACIFIC
• LAMEA

By Region
• NORTH AMERICA
• EUROPE
• ASIA-PACIFIC
• LAMEA

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