North America Ophthalmology Drugs & Devices Market By Device (Surgical Device, Diagnostic and Monitoring Device, Vision Care), Drugs (Dry eye drugs, Retinal disorders drugs, Ophthalmic Anti-Allergy/Inflammatory/Infective drugs, Anti-glaucoma drugs), Drug Delivery Types (Capsules & Tablets, Gels, Eye drops, Eye ointment, Eye Solutions), Country (U.S., Canada, Mexico), Market Trends and Forecast to 2027
Market Analysis and Insights: North America Ophthalmology Drugs and Devices Market
Ophthalmology drugs & devices market is expected to rise in the forecasted period of 2020 to 2027. Data Bridge Market Research analyses the market to account to USD 45.45 billion by 2027 growing at a CAGR of 6.60 % in the above-mentioned forecast period.
Ophthalmology is a branch of medicine that deals in biology, genetics, and eye disorders. Ophthalmologist are specially trained to provide a full range of eye care, from providing glasses and contact lenses to complicated and sensitive eye surgery. The American Academy of Ophthalmology has estimated that almost 11 million people in the U.S. are suffering from age-related macular degeneration (AMD), in which almost 10% of this population is suffering from wet age-related macular degeneration.
The market is being driven by increasing geriatric population. The growing incidence of eye organs diseases leading to glaucoma, cataracts, age related macular degeneration along with obesity and diseases is also expected to boost the market growth for ophthalmology drugs & devices market. The other factors which adds up as a driver of this market includes new innovation and government initiative towards controlling visual injury. The growing trend of adopting contact lenses and spectacles will also impact the market growth in the forecast period to 2027.
This ophthalmology drugs & 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 Data Bridge Market Research ophthalmology drugs & devices market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
North America Ophthalmology Drugs & Devices Market Scope and Market Size
Ophthalmology drugs & devices market is segmented on the basis of devices, drugs and drug delivery types. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
For instance, in October 2019, Sun Pharmaceutical Industries launched ‘Cequa’ product which is used for curing dry eye diseases contains a greater concentration of cyclosporine which enhances the production of tears for patient with dry eye.
- On the basis of device, the ophthalmology drugs & devices market is mainly segmented into three notable segments: surgical device, diagnostic & monitoring device and vision care. The basis of surgical device segment is further segmented into glaucoma surgery devices, cataract surgery devices, refractive surgery devices, vitreoretinal surgery devices, excimer laser, femtosecond laser, YAG laser, microkeratome, ophthalmic lasers and others. Diagnostic and monitoring device segment is further segmented into Optical Coherence Tomographers (OCT Scanners), Fundus cameras, Slit lamps, Visual Field Analyzers/Perimeters, Wavefront aberrometers, Ophthalmic Ultrasound Imaging Systems, Ophthalmoscopes, Tonometers, Autorefractors/Phoropters, Keratometers, Corneal topographers, Retinoscope, Pachymeter, Specular Microscope, Biometers, Optotype Projectors and Dioptometers.
- Vision care segment is further bifurcated into spectacles and contact lens.
- On the basis of drugs, the ophthalmology drugs & devices market is segmented into dry eye drugs, retinal disorders drugs, ophthalmic anti-allergy/inflammatory/infective drugs and anti-glaucoma drugs. Each segment is further sub segmented into existing and pipeline drugs.
- On the basis of drug delivery types, the ophthalmology drugs & devices market is segmented into capsules & tablets, gels, eye drops, eye ointment and eye solutions.
Ophthalmology Drugs & Devices Market Country Level Analysis
Ophthalmology Drugs and Devices Market is analysed and market size insights and trends are provided by country, Drugs and Drug Delivery Types as referenced above.
The countries covered in ophthalmology drugs & devices market report are the U.S., Canada and Mexico in North America.
The country section of the ophthalmology drugs & 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 regional 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
Ophthalmology drugs & devices market report 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 ophthalmology drugs & devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the ophthalmology drugs & devices market. The data is available for historic period 2010 to 2018.
Competitive Landscape and North America Ophthalmology Drugs & Devices Market Share Analysis
Ophthalmology drugs & 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, company strengths and weaknesses, product launch, clinical trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to ophthalmology drugs & devices market.
The major players covered in the report are Insight Vision, STAAR SURGICAL, Johnson & Johnson Services, Inc., Alcon, Bausch & Lomb Incorporated, ZEISS International, Ellex, HOYA Corporation, Merck & Co., Inc., NIDEK CO., LTD, Novartis AG, Pfizer Inc, F. Hoffmann-La Roche Ltd, TOPCON CORPORATION and Ziemer Ophthalmic Systems. Market share data is available for North America. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : North America Ophthalmology Drugs and Devices Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.