Dominated by Alcon (Switzerland), Carl Zeiss Meditec (Germany), Johnson & Johnson Vision Care (US). Growth in the global ophthalmic surgical instruments market is mainly driven by factors such as the increasing number of ophthalmic surgeries owing to the growth in geriatric population & related eye diseases, technological advancement in ophthalmic surgical devices, and government initiatives to increase the awareness about visual blindness across the globe.
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The global ophthalmic surgical instruments market is estimated to reach USD 11.18 Billion by 2022 from USD 8.36 Billion in 2017, at a CAGR of 6.0%. “The micro invasive glaucoma surgery (MIGS) devices segment is expected to grow at the fastest rate during the forecast period”.
However, the high cost of ophthalmic surgical instruments and uncertainty in the reimbursement structure in the ophthalmology industry is expected to hinder the growth of this market.
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Target Audience of Ophthalmic Surgical Instruments market
- Ophthalmic surgical instrument manufacturers
- Suppliers and distributors of ophthalmology devices
- Original equipment manufacturers (OEMs)
- Healthcare service providers (including hospitals, independent physicians, and private eye care centers)
- Medical institutes
- Health insurance players
- Research and consulting firms
Geographically, the global ophthalmic surgical instruments market is broadly segmented into five major geographies, namely, North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East & Africa. In 2016, North America commanded a major share of the global ophthalmic surgical instruments market.
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Ophthalmic surgical instruments market is majorly segmented into cataract surgery devices, refractive surgery devices, glaucoma surgery devices, vitreoretinal surgery devices, ophthalmic microscopes, and accessories. The cataract surgery devices segment accounted for the largest share of the ophthalmic surgical instruments market in 2016.
Major players in this market are continuously focusing on securing high market shares through product launches, expansions, agreements, partnerships, and acquisitions.
The prominent players in the ophthalmic surgical instruments market are Alcon (Switzerland), Carl Zeiss Meditec (Germany), Johnson & Johnson Vision Care (US), Hoya Corporation (Japan), Bausch + Lomb (US), NIDEK (Japan), Topcon Corporation (Japan), Ellex Medical Lasers (Australia), IRIDEX Corporation (US), Lumenis (Israel), STAAR Surgical Company (US), and Ziemer Ophthalmic Systems (Switzerland).
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Geographically, North America represented the largest regional market in 2016, followed by Europe. Although, North America will continue to dominate the global ophthalmic surgical instruments market during the forecast period, the Asia Pacific (APAC) region is expected to be the fastest-growing market in the coming years.
2 Market Share Analysis
3 Cataract Surgery Devices Market
4 Glaucoma Surgery Devices Market
5 Refractive Surgery Devices Market
6 Competitive Scenario
7 Product Launches
10 Product Approvals
Growth in this region is driven by the growing geriatric population, rising prevalence of ocular diseases, increasing awareness about advanced surgical instruments, and rising healthcare expenditure in this region. Moreover, the growing medical tourism, increasing per capita income, and improving healthcare infrastructure is also supporting the growth of this market in Asia Pacific.
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