03 June 2019
Visiongain has published a new pharma report The Ophthalmic Equipment Market Forecast 2019-2029: Vision Care Products, Ophthalmology Surgical Devices, Diagnostic and Monitoring Devices, Consumers, Hospitals, Specialty Clinics and Ambulatory Surgery Centres.
The ophthalmic equipment market is estimated to have reached $51 bn in 2018 and is expected to grow at a CAGR of 7.4% during the forecast period. In 2019, Vision Care Products segment held the biggest market share in the ophthalmic equipment market.
This report profiled the selected companies: Alcon, BAUSCH + LOMB Incorporated, Carl Zeiss Meditec AG, Essilor International S.A., Johnson & Johnson Vision, NIDEK CO., LTD., STAAR Surgical Company, Ziemer Ophthalmic Systems AG and others.
The lead analyst commented that "There is a growing demand for ophthalmic equipment such as vision care products and ophthalmology surgical devices, mainly due to the increasing incidence of myopia across the world. As the myopic population increases globally, it provides opportunity for manufacturers of intraocular lenses to expand their market volume in ophthalmology market. Approval of new technology for correction of myopia would further enhance the opportunity for capitalization.
Rapid rise in the geriatric population across the globe, technological advancements in ophthalmic devices for improving the diagnosis and treatment, increasing adoption of digital devices globally are some of the factors which are expected to drive the growth of ophthalmic equipment market during the forecast period."
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