The analysts forecast global ophthalmology devices market to grow expected to grow to USD 84.16 billion during the period 2018-2022. The latest trend gaining momentum in the market is Increasing number of strategic M&A.
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There is high market opportunity in ophthalmology devices market owing to which many large companies are focusing to increase their product range and expand their presence in the market through M&A.
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In the recent years, few significant acquisitions took place in the market. Due to presence of many large and small vendors there is intense competition among the market players; hence, companies are focusing to increase product differentiation, develop products with advanced technology, and form cosllaboration with more number of end users.
Major key players in the global ophthalmology devices market: Carl Zeiss Meditec, Essilor, HOYA, Johnson & Johnson, NIDEK, Novartis, TOPCON, Valeant Pharmaceuticals International.
According to the ophthalmology devices market report, one of the major drivers for this market is Increasing number of eye disorders. There is an increasing incidence of eye diseases such as AMD, diabetic eye disease such as glaucoma and diabetic retinopathy, cataract, corneal scarring, tumor in eye, trauma, retinitis, refractive error, keratitis, uveitis, and blepharitis.
These diseases require diagnosis, and in some cases patients may have to undergo surgical procedures. The increasing number of eye disorders will increase the demand for surgical, diagnostic, and vision care devices, which will drive the market growth.
The availability of reimbursement in developed countries in Canada, the US, the UK, and Germany for the treatment of such eye disorders will accelerate the demand for ophthalmology devices, accelerating the market growth.
Further, the ophthalmology devices market report states that one of the major factors hindering the growth of this market is High cost associated with ophthalmology devices and procedures. The high price of ophthalmology devices and excessive cost associated with large equipment or devices such as LASIK and OCT systems have increased the cost burden for end users.
The end-users such as hospitals and ophthalmology clinics and ASCs have a limited budget allocation for procurement of medical devices. Owing to the high cost of ophthalmology devices procedures, some end users and patients fail to accommodate these expensive devices in their budget allocation, significantly affecting the adoption rate of expensive ophthalmology devices.
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Few Points from List of Exhibits:
Exhibit 01: Global medical devices market
Exhibit 02: Global medical devices market
Exhibit 03: Market characteristics
Exhibit 04: Global ophthalmology devices market segments
Exhibit 05: Global ophthalmology devices market definition - Inclusions and exclusions checklist
Exhibit 06: Global ophthalmology devices market size 2017
Exhibit 07: Validation techniques employed for market sizing 2017
Exhibit 08: Global ophthalmology devices market Market size and forecast 2017-2022 ($ bn)
Exhibit 09: Global ophthalmology devices market Year over year growth 2018-2022 (%)
Exhibit 10: Five forces analysis 2017
Exhibit 11: Five forces analysis 2022
Exhibit 12: Bargaining power of buyers
Exhibit 13: Bargaining power of suppliers
Exhibit 14: Threat of new entrants
Exhibit 15: Threat of substitutes
Exhibit 16: Threat of rivalry
Exhibit 17: Market condition - Five forces 2017
Exhibit 18: Product Market share 2017-2022 (%)
Exhibit 19: Comparison by product
Exhibit 20: Global vision care Market size and forecast 2017-2022 ($ bn)
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