Visiongain report states: “Global Ophthalmic Devices Market Set To Grow To $47.2bn” By 2022
25 July 2018
Visiongain’ has launched a new pharma report Global Ophthalmic Devices Market 2018-2028: Vision Care, Surgical, Diagnostics and Monitoring, OCT Machines, Autorefractor/Keratometer, Fundus Camera, Slit Lamp, OR Microscope, Optical Biometry, Tonometer, Perimeter, Cataract Surgery, Refractive Surgery, Vitro Retinal Surgery, Glaucoma Surgery, Spectacles, Contact Lenses, Daily Disposables
The medical devices industry is one of the largest and fastest growing markets in the medical and pharmaceutical industries. Rise in geriatric population has led to a rise in ophthalmic conditions such as cataract and diabetic retinopathy. Moreover, rising disposable income, growing awareness of ophthalmic conditions coupled with favourable reimbursement policies of government will further boost the overall growth of ophthalmic surgical devices market.
The lead analyst of the report commented “Global ophthalmic devices market is driven by innovation, launch of innovative and user-friendly products having advanced technology leads to replacement of the conventional techniques and devices. The market is highly consolidated with very few international players competing with each other head to head. Moreover, high entry and exit barriers are increasing the degree of competitive rivalry among existing players.
The overall power of suppliers in the ophthalmic devices market is low, due to a high level of fragmentation. Medical device companies are increasingly outsourcing their manufacturing, and R&D, to a growing number of contract manufacturers in order to become more cost competitive.”
Leading companies featured in the report include Abbott Medical Optics (AMO), Alcon, Bausch and Lomb (B&L), Carl Zeiss AG Meditec, Haag-Streit Holding AG, Hoya, Johnson & Johnson (J&J), Nidek, STAAR, TopCon, Zeimer Ophthalmic Solutions.
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