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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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.
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
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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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.
Break of primary participants was as mentioned below:
- By Company Size – Tier 1–45%, Tier 2–29% and Tier 3–26%
- By Designation Level – C-level–35%, Director Level–25%, Others–40%
- By Region – North America–30%, Europe–26%, Asia-Pacific–22%, Latin America–13%, Middle East and Africa–9%
Prominent players in 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).
Connect for More Details for More details “Ophthalmic Surgical Instruments Market by Product (Cataracts (IOL, OVD), Refractive (Femtosecond, Excimer Laser) Glaucoma, Vitreoretinal (Vitrectomy Machine & Packs) Surgical Microscope] End User (Hospital, Specialty Clinic) - Global Forecast to 2022” report @ www.rnrmarketresearch.com/contacts…unt?rname=1258195 .
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
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.
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