Asia Pacific Ophthalmology Devices Market by application (diagnostics & monitoring devices, surgery devices and vision care devices) by disorders (Cataract, Glaucoma, Refractor disorders and vitreo retinal disorder) by devices (canaloplasty devices and computerized field analyser) and by region - Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)
The Asia Pacific Ophthalmology Device Market which is a $5.52 billion market in 2016 is poised to reach $7.56 Billion by 2021 with an impressive CAGR of 6.5% in the forecasted period. The ophthalmology device market is one of the key growth area in the medical device industry with a rising demand for better quality healthcare services to improve millions of lives.
Ophthalmic devices primarily include glaucoma, refractive and cataract surgical devices among others. With rising awareness and fast approvals, the growth is most likely to sustain the coming years.
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Ophthalmology devices encompasses surgical devices which are mainly used in treating infections and conditions relating to eye. The usage of ophthalmology devices in surgeries has made it possible for decreasing treatment time drastically, while providing better eye care protection.
These devices are also proved to make the process of treating eyes more convenient for ophthalmologists and patients.
Owing to its advantages over its counter parts, Ophthalmology device market is currently among the faster growing segments in the medical device market. The surge in demand is mainly attributed to the technological innovations, growing prevalence of eye diseases and aging population.
The market is also aided by a host of other factors that include rising expenditure by governments and people on healthcare, increasing funding from government and continuous improvements in the field of medicine have all contributed positively to the ophthalmology market. However, there are a few hurdles, the market has to overcome for its healthy growth which include lack of insurances for healthcare in the developing countries, lack of knowledge about diseases like glaucoma and poor infrastructure in healthcare.
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The Asia Pacific ophthalmology device market is studied under various segments based on the disorders, applications and devices. Based on application, the market is categorised as surgery, vision care and diagnostics & monitoring devices.
By type of disorders, the market is analysed under Cataract, Vitero retinal, refractor disorder and glaucoma. On the basis of devices, the market is segmented as canaloplasty device and computerised field analyser.
Asia Pacific Ophthalmology Devices Market Geographical Analysis
- South Korea
Asia Pacific Ophthalmology Devices Market Leaders' Analysis
- Johnson & Johnson
- Alcon Inc.,
- Abbott Medical Optics Inc.
- Essilor International
- Bausch and Lomb Inc.
- Topcon Corporation
- Nidek CO Ltd.
- HAAG-Streit Group
- Carl Zeiss Meditec
- Hoya Corporation
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