openPR Logo
Press release

Global Ophthalmic Ultrasound Device Market: Geriatric Count and Consequent Ocular Illness Count on the Rise

03-27-2017 02:22 PM CET | Health & Medicine

Press release from: Transparency Market Research

Ophthalmic Ultrasound Device Market

Ophthalmic Ultrasound Device Market

The constantly increasing percentage of the geriatric population across the world is widely considered as the primary factor augmenting the demand for ophthalmic ultrasound devices. The high geriatric population is directly linked to the increasing patient count for ocular diseases and disorders, along with chronic diseases such as diabetes. The increasing levels of pollution are also responsible for the high volume of ovular disorders across the world, thereby becoming a key driver for the global ophthalmic ultrasound device market. This market is further being boosted by the need for – and subsequent release of – novel technological developments. However, the global ophthalmic ultrasound device market is also being stifled by factors such as the high costs of acquiring these devices as well as the overall lack of ophthalmologists capable of operating advanced devices.

The global ophthalmic ultrasound device market was valued at US$2.3 bn in 2015. Its revenue is expected to expand at a CAGR of 6.2% within a forecast period from 2016 to 2024 and is estimated to reach US$4.0 bn by the end of 2024.

Read Full Report: http://www.transparencymarketresearch.com/ophthalmic-ultrasound-systems-market.html

Based on products, the global ophthalmic ultrasound device market can be segmented into A-scan, B-scan, combined scan, pachymeters, and ultra-bio microscopes (UBM). In terms of value, A-Scan segment emerged as the leading product segment in the global ophthalmic ultrasound device for 2015, accounting for 27.8% of its overall value. A-scan devices are largely used in hospitals, ophthalmic clinics, and research labs to gather results with higher accuracy. The segments of combined scan and B-scan are expected to register an exceptionally fast growth in demand over the given forecast period. Their growth rate is attributed to an increase in the number of cataracts, glaucoma, and other common ocular diseases. UBM devices are projected at an improved growth rate between 2016 and 2024, owing to an increasing rate of technological advances in this segment.

Ophthalmic ultrasound devices are used by end users ranging from ophthalmic clinics, eye research institutes, hospitals, and ambulatory surgical centers. Hospitals dominated the market in 2015 owing to an increasing registration rate of various ocular diseases and the growing scope of device customization offered by several key players. This segment is also expected to grow at a leading rate till 2024.

Download exclusive Sample of this report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=6583

Geographically, the global ophthalmic ultrasound device market is divided into North America, Europe, Asia Pacific, Latin America, and The Middle East and Africa. North America emerged as the leader in the global ophthalmic ultrasound device market for 2015 with a strong share of 39.8% in its value. This factor is attributed to the rising prevalence of ocular disorders and a significantly higher rate of development of technologies, and better ocular health awareness programs than other regions.

According to the NHS, in the U.K., between 500 and 600 cases of ocular cancer are diagnosed per year, a key concern among the region’s ophthalmologists. This is likely to drive the growth of the European ophthalmic ultrasound devices market. At the same time, Asia Pacific is projected to lead the global ophthalmic ultrasound device market in terms of growth rate over the above forecast period. This prediction is based on the region’s increase in geriatric population, the setup of stronger distribution channels by market leaders, and an improving patient awareness program regarding ocular disease management.

For 2015, the leaders in the global ophthalmic ultrasound device market included Nidek Co. Ltd., Ellex Medical Lasers Ltd., Optos Plc. (Nikon Corporation), Halma Plc., Sonomed, Inc. (Escalon Medical Corp.), Reichert, Inc. (AMETEK, Inc.), and Quantel Medical.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

Contact us:

Transparency Market Research
90 State Street,
Suite 700,
Albany
NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Ophthalmic Ultrasound Device Market: Geriatric Count and Consequent Ocular Illness Count on the Rise here

News-ID: 483343 • Views: 271

More Releases from Transparency Market Research

Meningitis Diagnostic Testing Market Outlook, Trend, Growth and Share Estimation …
Meningitis Diagnostic Testing Market: Overview The global meningitis diagnostic testing market was valued over US$ 105.5 Mn in 2016 and is projected to register cumulative annual growth rate (CAGR) of over 3.0% from 2017 to 2025, according to a new report published by Transparency Market Research (TMR) titled "Meningitis Diagnostic Testing Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017-2025". The report suggests that rising demand for innovative
Metformin Hydrochloride API Market to Expand at a CAGR of ~5% from 2021 to 2031
Metformin Hydrochloride API Market: Introduction According to the report, the global metformin hydrochloride API market was valued at ~US$ 300 Mn in 2020 and is projected to expand at a CAGR of ~5% from 2021 to 2031. Metformin hydrochloride is primarily used in the treatment of diabetes. The prevalence of diabetes is expected to increase across the world due to change in lifestyle and factors such as malnutrition and genetic mutations.
Telehealth Market to Reach the Value of US$ 15 Bn by the End of 2028
Telehealth Market: Introduction According to the report, the global telehealth market was valued at US$ 7.8 Bn in 2020 and is projected to expand at a CAGR of 7% from 2021 to 2028. The global telehealth market has witnessed strong growth in the past few years. Telehealth is no longer an option, but a necessity due to the increasing dangers of COVID-19. Read Report Overview - https://www.transparencymarketresearch.com/telehealth-market.html The crisis presents an opportunity
Lyme Disease Treatment Market Growth Trends, Current Demand, and Development Rep …
Lyme Disease Treatment Market: Introduction According to the report, the global Lyme disease treatment market was valued at US$ 1.58 Bn in 2020 and is projected to expand at a CAGR of ~6% from 2021 to 2031. Increase in pet ownership, surge in awareness & adoption of veterinary care, and rise in healthcare expenditure on animals are anticipated to drive the global Lyme disease treatment market from 2021 to 2031.North America

All 5 Releases


More Releases for Ophthalmic

Actionable Insights in Global Ophthalmic Equipment Market
According to a new market research report published by Global Market Estimates, the Global Ophthalmic Equipment Market is expected to grow at a CAGR of 3.96% during the forecast period. The demand for ophthalmic equipment is projected to be high due to the growing adoption of ophthalmic devices in hospitals and ambulatory surgical centers. Browse 120 Market Data Tables and 90 Figures spread through 180 Pages and in-depth TOC on "Ophthalmic
Ophthalmic Eye Shield Market Segmentation By Material type Aluminium Ophthalmic …
Eye shields are advised for use in the eye while a periorbital surgery to avoid any injury to the globe. Ophthalmic eye shields are used for postoperative ocular protection. Ophthalmic eye shields protect the cornea and retina while any eye surgery or laser treatment. Ophthalmic eye shields are highly preferred for cataract surgeries in the elder population and blepharitis correction especially for children. According to WHO, The World Health Organization,
Ophthalmic Viscosurgical Devices Market Snapshot During 2025
The global ophthalmic viscosurgical devices market is driven by the growing number of cataract procedures held worldwide. In addition to this, the lack of awareness among people regarding the need for regular eye checkups will also heighten the demand for ophthalmic viscosurgical devices in the future. The tendency to procrastinate eye checkups and thus, delayed detection of eye problems will aggravate the demand for these devices, fueling the market’s growth. The
Ophthalmic Lasers Market - Global Industry Analysis 2025
Ophthalmic lasers are used for treatment of wide range of eye problems. Significant accuracy, low-cost, safe procedure, and convenient ophthalmic tools has increased the demand for ophthalmic lasers. Patients prefer ophthalmic lasers treatment due to pain free procedures and easy availability on an outpatient basis. The main constituents of an ophthalmic laser system include foot pedal, laser console, and laser delivery system. The laser energy is transmitted to the patient’s eye
Ophthalmic Lasers Market- Growth Factors
The global ophthalmic lasers market is fragmented in nature, with top five vendors accounting for a modest 35.0% share in it in 2015. The market is characterized by moderate competition. However, in the foreseeable future, competition in the market is likely to heat up on the back of pharmaceutical companies entering it sensing an opportunity in the rising demand for effective surgical products because of the increasing number of ophthalmic
Excimer and Femtosecond Ophthalmic Lasers Market
Global excimer and femtosecond ophthalmic lasers market will expand at a CAGR of 5% over the forecast period, 2016-2026. The global excimer and femtosecond ophthalmic lasers market is expected to witness stable growth in 2016, reaching a value of US$ 666 Mn in terms of revenues. Excimer laser systems will continue to outsell femtosecond lasers. North America will remain the top market, whereas Asia Pacific (excluding China and Japan) is anticipated