Ophthalmic Surgical Devices Market Top Leaders, Comprehensive Analysis, Devices Type and Forecast to 2026
Posted on Sep 19 2022 11:11 AM
"Ophthalmic Surgical Devices Market by Top Key Players are Oertli Instrumente AG, Allergan, Hoya Corporation, Bausch & Lomb Incorporated, Johnson and Johnson Services, Inc., New World Medical, Inc., Glaukos, STAAR SURGICAL, ZEISS International, Alcon (Part of Novartis AG)"
The global “Ophthalmic Surgical Devices Market Size" is expected to rise with an impressive CAGR and generate the highest revenue by 2026. Fortune Business Insights™ in its latest report published this information. The report is titled " Ophthalmic Surgical Devices Market Size, Share & Trends, 2026". The report discusses research objectives, research scope, methodology, timeline and challenges during the entire forecast period.
The global ophthalmic surgical devices market size stood at USD 8.79 billion in 2018 and is projected to reach USD 12.75 billion by 2026, exhibiting a CAGR of 4.8% during the forecast period.
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The report evaluates the important characteristics of the market based on present industry scenarios, market demands and business strategies. Also, the research report separates the industry based on the Ophthalmic Surgical Devices Market share, types, applications, growth factor, key players and regions.
Growing Number of Aged People Worldwide to Prove Beneficial for the Market
According to the WHO, aging is the primary reason for the development of eye diseases and conditions. The condition develops slowly as the strength of the lens in the eye deteriorates with age and diminishes vision. Therefore, as world population ages, the incidence of age-related ocular disorders is likely to rise. According to the Department of Economic and Social Affairs of the UN, by 2050, there will be close to 2.1 billion people crossing the age of 60. Estimates released by AGS Health in Aging Foundation reveal that 20% of the adults above 60 years of age developed cataract in one or both eyes in 2019. Further, Mayo Clinic reports that glaucoma, which occurs due to damaged optic nerve in people over the age of 60, is one of the top causes of blindness in the world. Thus, growing global geriatric population would boost the ophthalmic surgery devices market growth.
Drivers & Restraints
Rising prevalence of cataract and glaucoma globally is significantly projected to drive the ophthalmic surgical equipment market growth during the forecast period. For example, according to recent estimates by the World Health Organization (WHO), around 20 million people across the globe suffer from cataract. Additionally, in a report published by the National Ophthalmology Database (U.K) in 2017 estimates that there are currently half a million people suffering from glaucoma. High prevalence of these ocular disorders is generating significant opportunities in the field of ophthalmic surgeries, which will eventually bolster the growth of this market over the forecast years. Additionally, increasing awareness and accessibility to ophthalmic devices and ophthalmic surgical instruments combined with developing healthcare infrastructure in emerging nations are projected to drive the ophthalmic surgical devices market trends. Awareness regarding advanced ophthalmic diagnostic devices and surgical equipment is also increasing, leading to a higher awareness and incidence rate of ocular diseases.
- Alcon (Part of Novartis AG)
- Johnson and Johnson Services, Inc.
- ZEISS International
- Bausch & Lomb Incorporated
- STAAR SURGICAL
- Hoya Corporation
- New World Medical, Inc
- Oertli Instrumente AG
- Other Prominent Players
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COVID-19 Outbreak Impact Analysis on Ophthalmic Surgical Devices Market
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
The COVID-19 outbreak has spawned widespread economic distress and uncertainty, with many industries, markets, and businesses undergoing tremendous stress. However, together, the global community can tide over these challenging times and at Fortune Business Insights™, we aim to provide precise market intelligence through extensive and intensive research into the impact of this pandemic on various businesses.
Various sources from both the supply and demand sides were interviewed during the primary research process to obtain qualitative and quantitative information for this report. Primary sources included industry experts from the core and related industries, as well as preferred suppliers, manufacturers, distributors, technology developers, researchers, and organizations from all segments of the value chain of this industry.
To obtain and verify critical qualitative and quantitative information, in-depth interviews were conducted with a variety of primary respondents, including key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants.
Ophthalmic Surgical Devices Market Introduction, Overview, and In-depth industry analysis:
- Top key players with their business strategy, sales volume, and revenue analysis
- Latest technological developments
- Robust facts and factors research methodology
- Regional analysis with graphical representation of size, share & trends
- Market trends, obstacles and growth drivers
- Includes list of table & figures
Highlights of the Ophthalmic Surgical Devices Market Report:
- Market Development: Comprehensive information about emerging industry. This report analyses for various segments across geographies
- Development/Innovation: Detailed insights on the upcoming technologies, RandD activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the industry.
- Market Diversification: Exhaustive information about new launching, untapped geographies, recent developments, and investments in the market
Major table of contents:
- Ophthalmic Surgical Devices Market Introduction and Market Overview
- Research Regions
- Research Scope and Market Size Estimation
- Industry Trends
- Future Challenges
- Market Restraints
- Market Segmentation
- Research Methodology
- Market Dynamics
- Ophthalmic Surgical Devices Market Development Trends under COVID-19 Outbreak
- Global Revenue and Growth Rate
- Industry News and Policies by Regions
- Concentration Ratio and Market Maturity Analysis
- Merger, Acquisitions, and Partnerships
- Porter’s Five Forces Analysis
- PEST Analysis
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