ophthalmology device market size, demand & global opportunity analysis outlook 2021
TRANSCRIPT
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Global Ophthalmology Device Market Outlook:
Industry Insights & Opportunity Evaluation,
2015-2021
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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
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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.
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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
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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
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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
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