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Copyright © Research Nester Pvt. Ltd. www.researchnester.com Global Ophthalmology Device Market Outlook: Industry Insights & Opportunity Evaluation, 2015-2021

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Page 1: Ophthalmology device market size, demand & global opportunity analysis outlook 2021

Copyright © Research Nester Pvt. Ltd. www.researchnester.com

Global Ophthalmology Device Market Outlook:

Industry Insights & Opportunity Evaluation,

2015-2021

Page 2: Ophthalmology device market size, demand & global opportunity analysis outlook 2021

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Page 3: Ophthalmology device market size, demand & global opportunity analysis outlook 2021

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Page 5: Ophthalmology device market size, demand & global opportunity analysis outlook 2021

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Page 6: Ophthalmology device market size, demand & global opportunity analysis outlook 2021

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Global Ophthalmology Market Overview

Ophthalmology is a medical procedure which deals with

diagnosis, prevention, treatment of diseases related to eye

and the visual system.

The global ophthalmology devices market is anticipated to

expand from USD 29.4 Billion in 2014 to reach USD 49.0

Billion in 2020, exhibiting a compound annual growth rate

(CAGR) of 8.89%. Regionally, the global ophthalmology

market is segmented into North America, Latin America,

Western and Eastern Europe, Asia-Pacific, Middle East

and Africa and Rest of World.

Market Segmentation

By Devices

Contact lens

Optical Coherence Tomography (OCT) Scanner

Canaloplasty device

Glaucoma drainage device

Phoropter

Retinoscope

Viscoelastics devices

Ophthalmoscopes

Phoropters

Tonometers

Others

Page 7: Ophthalmology device market size, demand & global opportunity analysis outlook 2021

Copyright © Research Nester Pvt. Ltd. www.researchnester.com

By Drugs

Dry eye drugs

Anti-glaucoma

Anti-allergy/inflammatory drugs

Retinal Drugs

Growth Drivers and challenges

Rapid expansion of aging population coupled with

bolstered ENT medical issues due to change in lifestyles

and increasing innovations in ophthalmology devices etc.

are few factors to bolster the growth of global

ophthalmology market over the forecast period i.e. 2015-

2021.

In addition to that, rising government initiatives to

improve health infrastructure in developing economies

and emphasis on healthcare insurances are expected to

drive the global ophthalmology market in future.

However, high cost associated with ophthalmology devices

and dumping low-quality ophthalmology devices at a

cheaper rate in international market by China are few of

the reasons hampering the growth of global

ophthalmology market over next few years.

Page 8: Ophthalmology device market size, demand & global opportunity analysis outlook 2021

Copyright © Research Nester Pvt. Ltd. www.researchnester.com

Market Size and Forecast

North America holds the first rank in global

ophthalmology market at present. The market of

ophthalmology devices in the region is projected to swell

from USD 11,451.0 Million in 2014 to USD 16, 243 Million

by 2020, registering a CAGR of 6.0%.

Following North America, Europe is the second largest

market for the ophthalmology devices. Europe has many

big markets for the devices but Germany is the largest

revenue generator in ophthalmology devices followed by

Italy and the U.K.

Furthermore, Asia-Pacific is anticipated to witness the

highest growth in ophthalmology market during the

forecast period i.e. 2015-2021. The market in the region is

expected to prosper from increasing cases of eye diseases

along with rising government support for development of

ophthalmology devices in countries such as China and

India. In addition to that expansion of greying population

in Japan is also projected to garner the ophthalmology

market in Asia over coming 5-6 years.

Key Players

Global ophthalmology market includes some of the major

players such as Novartis, Bausch & Lomb, Nidek

Page 9: Ophthalmology device market size, demand & global opportunity analysis outlook 2021

Copyright © Research Nester Pvt. Ltd. www.researchnester.com

Corporation, Carl Zeiss Meditec AG, Hoya Corporation,

Merck, Pfizer, Allergan, etc.

Scope and Context

Overview of the Parent Market

Analyst View

Market Size and Growth

North America (U.S., Canada)

Latin America (Mexico, Brazil, Rest of Latin America)

Western and Eastern Europe (Germany, Italy, Spain,

France, U.K, Benelux, Hungary, Rest Of Western

Europe, Russia Poland, Rest of Eastern Europe)

Asia-Pacific (China, India, Singapore, Japan, Australia

& New Zealand & Rest of Asia)

Middle East and North Africa (MENA)

Rest of World

Segmentation

By Devices

By Drugs

By Region

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Page 10: Ophthalmology device market size, demand & global opportunity analysis outlook 2021

Copyright © Research Nester Pvt. Ltd. www.researchnester.com

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their

Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in

current dynamic environment

Page 11: Ophthalmology device market size, demand & global opportunity analysis outlook 2021

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