• Sat. Jan 16th, 2021

Ophthalmic devices market 2021 with Global Industry Size, SWOT Analysis, Recent Trends, Demand and Share Estimation by 2025 with Top Countries Data

REPORT HIGHLIGHT

The Ophthalmic devices market is estimated to represent a global market of USD 30.69 billion by 2016 with growth rate of 5.8%. Ophthalmic devices market is experiencing ever green demand for these devices among the end users owing to the rise in ophthalmic related disorders. Due to this fact, the market revenue for ophthalmic devices is increasing at constant rate over the past few years. We estimated that of the global medical devices market, ophthalmic devices market contributed around 12-13% share of the total revenue. These devices comprise of large range of medical devices like contact lenses, glasses, implants,intraocular lenses, lasers, diagnostics, ophthalmic solutions, surgical instruments and others.

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The regulatory authorities have categorized the ophthalmic devices into three different classes such as:

Class I: This includes low risk devices such as eye occasion plasters, corrective glasses and frames, and others

Class IIa and IIb: This covers ophthalmic devices of medium risk. It includes contact lenses, contact lens and care solutions, surgical lasers, , intraocular lenses, and Scleral and corneal implants.

Class III:It covers high risk devices. For example: medicinal substances that utilize tissues or abstract of animal origin

Product segment categorized in terms of Diagnostic Devices, Surgical Equipment, and Vision Care Devices. Vision care devices, compared to other segments, captured lion share of the global ophthalmic devices market. This segment recorded USD 25.12 billion (more than 75% share) of the global market during the year 2016. Rising demand for vision care devices in developing as well developed regions coupled with technological advancements supported the market growth to great extent.Diagnostic devices are further categorized into Fundus Camera, Optical Coherence Tomography Scanner, Retinoscope, Pachymeter Ophthalmoscope, Biometer and others. Surgical equipment segment is divided into Refractive Error Surgery Equipment, Glaucoma Surgery Equipment and Cataract & Vitreoretinal Surgery Equipment.Contact Lenses and Spectacle Lenses are the primary sub-segments of vision care devices market.

Companies such as Ziemer Ophthalmic, Nidek, Johnson & Johnson, Bausch & Lomb, Inc., Alcon, Inc., and Abbott Laboratories are the key players of this market. These companies are presenting extensive product line in this market segment. Additionally, key companies are rigorously involved in strategic mergers and acquisitions to expand their market share and customer base. It is justified by the strategic collaboration of Hoya Group with Seiko Epson Corporation

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The market size and forecast for each segment has been provided for the period 2014 to 2025, considering 2015 as the base year. The report also provides the compounded annual growth rate (% CAGR) for the forecast period 2016 to 2025 for every reported segment.

The years considered for the study are:

Historical Year – 2014 & 2015

Base Year – 2015

Estimated Year – 2016

Projected Year – 2025

TARGET AUDIENCE

Traders, Distributors, And Suppliers

Manufacturers

Hospitals

Government and Regional Agencies and Research Organizations

Consultants

Distributors

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

MARKET,BY PRODUCT

Diagnostic Devices

Fundus Camera

Optical Coherence Tomography Scanner

Retinoscope

Pachymeter Ophthalmoscope

Biometer

Others

Surgical Equipment

Refractive Error Surgery Equipment

Glaucoma Surgery Equipment

Cataract & Vitreoretinal Surgery Equipment

Vision Care Devices

Contact Lenses

Spectacle Lenses

MARKET, BY REGION

North America

Europe

Asia Pacific

Rest of the World

MARKET, BY COUNTRY

Further Breakdown of The North America Market

U.S.

Canada

Further Breakdown of The Europe Market

Germany

France

Rest of Europe

Further Breakdown of The APAC Market

India

China

Rest of APAC

Further Breakdown of The Rest of the World Market

Middle East and Africa

Latin America

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