Global Ophthalmology Devices Market is Expected to Reach USD 18,286.4 Million in 2018: Transparency Market Research
According to a new market report published by "Ophthalmology Devices Market - Global Scenario, Trends, Industry Analysis, Size, Share & Forecast, 2011 - 2018", the global market was worth USD 12,925.6 million in 2011 and is expected to reach USD 18,286.4 million in 2018, growing at a CAGR of 5.1% from 2011 to 2018. Globally, the U.S. is expected to maintain its lead position in terms of revenue till 2018. The U.S. is estimated to enjoy 32.8% of global ophthalmology devices market share in year 2018. Brazil, Mexico, China and Indian markets are expected to grow with double digit growth rate during the forecast period.
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The global market is driven by rise in aging population and increase in number of cases reporting eye disorders. Even rise in number of diseases which are associated with vision or retinal disorders, such as diabetes, are contributing to the growth in demand for advanced ophthalmic devices. With the growth supported from developing economies, the globalophthalmology market is expected to reach a market size worth USD 18,286.4 million in 2018. Vision care devices hold the maximum share of global ophthalmology devices market, both in terms of revenue and volume. By volume, vision care devices contribute 65% of the global ophthalmology devices shipments.
The major geographic markets for ophthalmology devices are and Europe. North America accounted for more than one-third of the worldwide ophthalmology devices market in 2011. Europe, which holds the second largest share global market, has Germany as the highest contributor followed by U.K and Italy. Asia Pacific and Latin America countries such as China, India, Brazil and Mexico are emerging as new markets with high potential.
Though developed markets such as the U.S. and U.K have higher penetration of ophthalmology devices, the market saturation and competition has made it difficult for new entrants to grab higher market share. On the other hand, emerging economies such as BRICS nations are exhibiting remarkable potential. Ophthalmic devices market growth is getting support from governments as developing nations are increasingly spending on healthcare infrastructure.
Continuous developments of new technologies in the field of healthcare have brought many novel products, which have made eye disorders treatment safer and efficient. The use of ophthalmic devices has not only reduced treatment time, but helped ophthalmologists to provide quality care to their patients, thereby generating demand from both the ends (patient and clinician). Even the patients are now able to experience more comfortable and reliable treatments for their eye related disorders, which has helped in supporting the market growth.
This research is specially designed to estimate and analyze the demand and performance of ophthalmology devices market in current global scenario. This research provides in-depth analysis of ophthalmology devices manufacturers, product sales, trend analysis by segments and demand by geography. The report covers all the major product segments of the global ophthalmology devices market and provides in-depth analysis, historical data and statistically refined forecast for the segments covered. The study presents a comprehensive assessment of the stakeholder strategies and winning imperatives for them by segmenting the global wound dressing market as below:
- Vision care
- Refractor disorders
- Vitreo retinal disorders
- Canaloplasty Device
- Computerized Field Analyzer
- Contact Lens
- Contact Lens Clearing & Disinfecting Solution
- Glaucoma Drainage Device
- Intraocular Lens
- Iris Retractors
- Ophthalmic Lasers
- Optical Coherence Tomography Device
- Scanning Laser Polarimetry Device
- Slit Lamp
- Spectacle Lens
- Viscoelastics Devices
- Vitreo Retinal Surgery Packs
In addition the report provides a cross-sectional analysis of all the above segments with respect to following geographical markets:
Rest of the World (RoW)
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