Asia-Pacific Ophthalmic Surgical Instruments Market, By Product (Cataract Surgery Devices, Refractive Surgery Devices, Glaucoma Surgery Devices, Vitreoretinal Surgery Devices, Ophthalmic Microscopes, Ophthalmic Surgical Accessories), Application (Cataract, Refractive, Glaucoma, Vitreoretinal, Diabetic Retinopathy, Others), End User (Hospitals, Specialty Clinics, Ambulatory Surgery Centers), Country (Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific)- Industry Trends and Forecast to 2028
Market Analysis and Insights: Asia-Pacific Ophthalmic Surgical Instruments Market
The ophthalmic surgical instruments market is expected to witness market growth at a rate of 7.0% in the forecast period of 2021 to 2028. Data Bridge Market Research report on ophthalmic surgical instruments market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in healthcare sector globally is escalating the growth of ophthalmic surgical instruments market.
The ophthalmic devices refer to the type of devices that are utilized in the diagnosis and treatment of eyes associated diseases such as vision loss due to aging, glaucoma treatment, cataract surgeries, peripheral vitreoretinal disease, and refractive eye state, among others.
The technological advancements across the globe acts as one of the major factors driving the growth of ophthalmic surgical instruments market. The increase in prevalence of eye disorders, such as glaucoma, cataract, and vitreoretinal disorders, and rise in preference for minimally invasive surgical options that provide permanent solutions to common ophthalmic conditions accelerate the market growth. The increase in number of players to develop and launch of ophthalmic devices for the further enhancement such as, clear visualization by using ophthalmic microscopes, and surge in government initiatives to control visual impairment further influence the market. Additionally, rise in venture capital investments, surge in healthcare expenditure, development in the healthcare infrastructure and growth in awareness regarding surgery positively affects the ophthalmic surgical instruments market. Furthermore, advancements in the ophthalmic surgical instruments extend profitable opportunity to the market players in the forecast period of 2021 to 2028.
On the other hand, high cost associated with the instruments and slower approval of minimally invasive surgery tools are expected to obstruct the market growth. Lack of Awareness and shortage of ophthalmic surgeons are projected to challenge the ophthalmic surgical instruments market in the forecast period of 2021-2028.
This ophthalmic surgical instruments market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on ophthalmic surgical instruments market Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Asia-Pacific Ophthalmic Surgical Instruments Market Scope and Market Size
The ophthalmic surgical instruments market is segmented on the basis of products, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of products, the ophthalmic surgical instruments market is segmented into cataract surgery devices, glaucoma surgery devices, refractive surgery devices, vitreoretinal surgery devices, ophthalmic microscopes and ophthalmic surgical accessories. Cataract Surgery Devices are further segmented into Intraocular Lenses (IOLs), Ophthalmic Viscoelastic Devices (OVDs), phacoemulsification devices, cataract surgery lasers, IOL injectors and cataract surgery instruments and kits. Intraocular Lenses (IOLs) is further sub-segmented into Standard IOL and Premium IOL. Ophthalmic Viscoelastic Devices (OVDs) are further sub-segmented into Cohesive OVDs, Dispersive OVDs and Combinational OVDs. Glaucoma Surgery Devices are further segmented into Glaucoma Drainage Devices (GDDS), glaucoma stents and implants, glaucoma laser systems, microinvasive glaucoma surgery devices and glaucoma surgery instruments & kits. Refractive surgery devices are further sub-segmented into femtosecond lasers, excimer lasers, other lasers and refractive surgery instruments & kits. Vitreoretinal surgery devices are further sub-segmented into vitreoretinal packs, vitrectomy machines, photocoagulation lasers, illumination devices, vitrectomy probes and vitreoretinal surgery instruments & its. Accessories are further sub-segmented into tips & handles, forceps, spatulas, scissors, macular lenses, cannulas and others.
- On the basis of application, the ophthalmic surgical instruments market is segmented into cataract, glaucoma, refractive, vitreoretinal, diabetic retinopathy and others.
- On the basis of end user, the ophthalmic surgical instruments market is segmented into hospitals, specialty clinics and ambulatory centers.
Asia-Pacific Ophthalmic Surgical Instruments Market Country Level Analysis
The ophthalmic surgical instruments market is analyzed and market size insights and trends are provided by country, products, application and end user as referenced above.
The countries covered in the Asia-Pacific ophthalmic surgical instruments market report are China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC).
Japan dominates the Asia-Pacific ophthalmic surgical instruments market owning to the technological advancements in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare infrastructure growth installed base and new technology penetration
Asia-Pacific ophthalmic surgical instruments market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for Asia-Pacific ophthalmic surgical instruments market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the Asia-Pacific ophthalmic surgical instruments market. The data is available for historic period 2010-2019.
Competitive Landscape and Asia-Pacific Ophthalmic Surgical Instruments Market Share Analysis
The ophthalmic surgical instruments market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to ophthalmic surgical instruments market.
The major players covered in the ophthalmic surgical instruments market report are ZEISS International, Leica Microsystem, Johnson & Johnson Services, Inc., Quantel Medical, Bausch Health Companies Inc., NIDEK CO., LTD., Novartis AG, Ellex Medical Lasers Ltd., Ziemer Ophthalmic Systems, HOYA Corporation, Lumenis, STAAR SURGICAL, IRIDEX Corporation, TOPCON CORPORATION, Takagi Ophthalmic Instruments Europe LTD., ACB MOLTENO, Medical Technical Products, IVIS Technologies, Aurolab, and Inami & Co., Ltd., among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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