Ophthalmology Devices Market is Poised to Grow at 2.5% till 2024

According to Data Bridge Market Research new Market report “Global  Ophthalmology Devices Market, By Type (Diagnostic & Monitoring Devices (OCT Scanners, Ultrasound, Fundus Cameras, Opthalmoscopes, Retinoscopes, Others), Surgical Devices (Cataract Surgery Devices, Glaucoma Surgery Devices, Refractive Surgery Devices, Vitreoretinal Surgery Devices) and Vision Care Devices), By Applications (Diagnosis, Surgery, Regular Use), By End-User (Hospitals, Academics, Research Laboratories, Diagnostic Clinics, Franchise Optical Stores, Government Agencies), By Distribution Channel (Retail, Direct Tenders), By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2024” is projected to reach USD 18.2 billion by 2024  from USD 7.5 billion in 2016, at a CAGR of 11.7% in the forecast period 2017 to 2024

Report Access: https://databridgemarketresearch.com/reports/global-ophthalmology-devices-market-industry-trends-forecast-2024/

However, various factors, such as lack of awareness towards eye diseases, high risks associated with the eye surgeries hamper the growt h of ophthalmology devices market. A procedure's ultimate success depends on two factors: surgical technique and the eye's response to the surgery. In cases such as trabeculectomy; Healing may cause some problems, rapid healing will cause fibrosis and lead to failure of the bleb. In other cases, such as while implanting a tube shunt, healing allows success. As without the process of healing, the tube shunt would be a catastrophic process leading to marked hypotony.

There are also some problems associated with the use of ophthalmology devices such as changes made to the cornea can’t be reversed after LASIK surgery. The LASIK surgery is done on the most sensitive part of the eye and if once done it is not reversible .The surgery is usually not covered by insurance policies. Even after a LASIK surgery, a person may require reading glasses during midlife.

Market Segmentation: Global Ophthalmology Device Market

  • The Global Ophthalmology Devices Market is segmented on the basis of product type, application, end-user, distribution channel and geography.
  • The diagnostic and monitoring devices market segment is further segmented into optical coherence therapy (OCT) scanners, ophthalmology ultrasound imaging systems, fundus cameras, opthalmoscopes, retinoscopes, wavefront abberrometers, corneal topography, autorefractors, keratometers, specular microscopes, visual field analyzers, tonometers and slit lamps. The opthalmic ultrasound imaging systems is further segmented into A-Scan biometers, B-Scan Ultrasounds, UBM ultrasounds and pachymeters.
  • The ophthalmology surgery devices are further segmented into cataract surgery devices, glaucoma surgery devices, refractive surgery devices, and vetrioretinal surgery devices. The cataract surgery devices are further segmented into intraocular lenses, ophthalmic viscoelasticity devices, and phacoemulsification devices. The glaucoma surgery devices are further segmented into glaucoma drainage devices, stents and implants, and lasers. The refractive surgery devices market is further subsegmented into excimer lasers, microkeratomes and femtosecond lasers. Vitreoretinal surgery devices are further segmented into vitrectomy machines and packs, photocoagulation lasers, illumination devices, and vetrioretinal accessories.
  • On the basis of application the market is segmented into cataract surgery, vision care, ophthalmic woundcare and oculoplastics.
  • On the basis of end users the market is segmented into Hospitals, Academics, Eye Research Institutes, Research laboratories, Diagnosis Clinics, Franchise Optical Stores and, Government agencies

Geographical Segmentation: Global Ophthamology Device Market

On the basis of geography market is segmented into regions like, North America, Europe, Asia-Pacific, South America and Middle East and Africa. These geographical regions are further segmented into major countries such as US, Canada, Mexico, UK, Germany, France, Spain, Italy, Rest of Europe, Japan, China, India, Rest of APAC, Brazil, and Mexico. 

The global ophthalmology devices market is highly fragmented with various companies operating in local regions. The major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes company share data for different geographies including Global, North America, Europe, APAC and Middle East and Africa.

Competitive Landscape: Global Ophthamology Device Market

The global ophthalmology device market report contains an in-depth profiling of the key market players, along with the recent developments (New product launches, partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their positions in the market Some of the major players operating in this market are Essilor, Marco, Heidelberg Engineering GmbH, Haag-Streit Group, Johnson and Johnson Vision Care, Inc. , HOYA GROUP, Abbott Laboratories Inc., CIBA Vision, Nidek Co., Ltd. , Topcon Corporation, Novartis AG, Carl Zeiss AG, Canon Inc., Cooper Vision AG, and Bausch and Lomb Inc, STAAR Surgical Company, Topcon Corporation, Alcon Inc., Bausch & Lomb, Inc. and, Allergan , Inc. among others.

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