Asia-Pacific Ophthalmology Devices Market, By Product Type (Vision Care Devices, Surgery Devices and Diagnostic and Monitoring Devices), Application (Vision Care, Ophthalmic Woundcare, Cataract Surgery, Oculoplastics and Others), End User (Hospitals, Diagnosis Clinics, Franchise Optical Stores, Eye Research Institutes, Government Agencies and Academics), Country (China, Japan, India, South Korea, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, and Rest of Asia-Pacific) Industry Trends and Forecast to 2028.
Data Bridge Market Research analyses that the Asia-Pacific ophthalmology devices market to be growing at CAGR of 7.0% in the forecast period of 2021-2028 and is expected to reach the USD 10.50 billion by 2028.
Ophthalmology is a branch of medicine that deals with the treatment, therapy, and diagnosis of many eye and visual process illnesses. The term "ophthalmology" comes from the Greek words "ophthalmos" and "logos," which mean "eye" and "word," respectively. This stands for "eye science." Various clinical conditions affect the human eye such as age-related macular degeneration, diabetic retinopathy, cataract, glaucoma and astigmatism.
The rise in the prevalence of eye diseases and the growing demand for better quality healthcare services are the major factors influencing the growth of the ophthalmology devices market. Furthermore, technological innovations, growing government funding, continuous improvement in medicine and increase in the geriatric population are the major fostering that will enhance the growth of ophthalmology devices market.
Emerging markets and rising research and development activities will further provide beneficial opportunities for the market growth.
However, lack of insurance in emerging economies and poor healthcare infrastructure will obstruct the market growth. Also, lack of awareness about diseases such as glaucoma will challenge the ophthalmology devices market.
This Asia-Pacific ophthalmology devices market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised 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 Asia-Pacific ophthalmology devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Asia-Pacific Ophthalmology Devices Market Scope and Market Size
The Asia-Pacific ophthalmology devices market is segmented on the basis of product type, application and end-user. The growth amongst these segments will help you analyse 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.
- The ophthalmology devices market is segmented on the basis of product type into vision care devices, surgery devices and diagnostic and monitoring devices. The diagnostic and monitoring devices have been further sub- segmented into ophthalmology ultrasound imaging system, optical coherence therapy, fundus cameras, retinoscopes, specular microscopes, ophthalmoscopes, wavefront abberrometers, autorefractors, corneal topography, keratometers, visual field analyzers, tonometers and slit lamps. The ophthalmology ultrasound imaging system has been divided into A-scan biometers, B-scan ultrasounds, UBM ultrasounds and pachymeters. The surgery devices have been further sub segmented into cataract surgery devices, refractive surgery devices, glaucoma surgery devices, and vitreoretinal surgery devices. The cataract surgery devices have been divided into ophthalmic viscoelasticity devices, intraocular lenses, phacoemulsification devices and retinoscopes. The glaucoma surgery devices have been divided into glaucoma drainage devices, stents and implants and lasers. The refractive surgery devices have been divided into microkeratomes, excimer lasers and femtosecond lasers. The vitreoretinal surgery devices have been divided into vitrectomy machines and packs, illumination devices, photocoagulation lasers, and vetrioretinal accessories.
- On the basis of application, the ophthalmology devices market is segmented into vision care, ophthalmic woundcare, cataract surgery, oculoplastics and others.
- On the basis of end-user, the ophthalmology devices market is segmented into hospitals, diagnosis clinics, franchise optical stores, eye research institutes, government agencies and academics.
Asia-Pacific Ophthalmology Devices Market Country Level Analysis
The Asia-Pacific ophthalmology devices market is analysed and market size insights and trends are provided by country, product type, application and end-user as referenced above.
The countries covered in Asia-Pacific ophthalmology devices market report are China, Japan, India, Australia, South Korea, Singapore, Thailand, Malaysia, Indonesia, Philippines, Vietnam, rest of Asia-Pacific (APAC).
China dominates the Asia-Pacific ophthalmology devices market due to the increasing elderly population and technological advancement. India expected to grow during the forecast period due to the incorporative innovating reimbursement models for ophthalmic treatments in this region.
The country section of the Asia-Pacific ophthalmology devices market 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
The Asia-Pacific ophthalmology devices 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 ophthalmology devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the Asia-Pacific ophthalmology devices market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Asia-Pacific Ophthalmology Devices Market Share Analysis
The Asia-Pacific ophthalmology devices 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 Asia-Pacific ophthalmology devices market.
The major players covered in the Asia-Pacific ophthalmology devices market report are Ciba Vision, Essilor, Marco, Heidelberg Engineering GmbH., HAAG-STREIT GROUP, Johnson & Johnson Surgical Vision, Inc., HOYA Corporation., NIDEK CO., LTD., TOPCON CORPORATION, ZEISS International, Canon Inc., CooperVision, Bausch & Lomb Incorporated., STAAR SURGICAL, AcuFocus, Inc., Ziemer Ophthalmic Systems, among other. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.