Ophthalmology Devices Market was valued at USD 48.59 Billion in 2021, and it is expected to reach USD 69.85 Billion by 2029, exhibiting a CAGR of 4.64 % during the forecast period (2022-2029).
Ophthalmology Devices Market Overview:
Ophthalmology Devices Market Research Report analyzed the current state in the definitions, classifications, applications, and industry chain structure. The analysis provides unbiased professional commentary on the present market scenario, prior market performance, production and consumption rates, demand and supply ratios, and income generation forecasts for the projected period. The Ophthalmology Devices market study also gives information on the leading businesses functioning in the Ophthalmology Devices industry's strategic ambitions and company growth strategies. Mergers and acquisitions, government and corporate transactions, partnerships and collaborations, joint ventures, brand promotions, and product launches are among the methods evaluated in the research. To summarise what has been said thus far, the report provides a comprehensive picture of the Ophthalmology Devices market in both global and regional markets.
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COVID-19 Impact on Practice Management System market:
The COVID-19 pandemic has had a severe influence on the worldwide Ophthalmology Devices business. Ophthalmology Devices production facilities have been suspended due to global downturn and personnel scarcity. The COVID-19 pandemic has resulted in a severe and prolonged decline in production utilization, and travel bans and facility closures have kept employees away from their facilities, resulting in a slowdown in the growth of the Ophthalmology Devices market in 2020. However, the negative impact of COVID-19 on the Ophthalmology Devices market is projected to be temporary, and the industry is predicted to rebound rapidly by early 2021, owing to the high demand for smart sensor installation.
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Regional Analysis:
The report's region section also includes specific market affecting elements and changes in market regulation that affect the market's present and future developments. Some of the primary indicators utilized to estimate the market scenario for different regions include new sales, replacement sales, national demographics, regulatory acts, and import-export tariffs. In addition, the existence and availability of global brands, as well as the obstacles they face owing to big or scarce competition from local and domestic brands, as well as the influence of sales channels, are taken into account when offering forecast analysis of national data.
Segmentation:
By Products, the cataract category commanded the greatest profit share of 41.6% in the ophthalmic device market in 2021 and is anticipated to experience considerable increase during the forecast period. This is explained by the widespread use of ophthalmic equipment for cataract operations. The World Health Organisation (WHO) says. Around 51 percent of all incidents of blindness worldwide are due to cataracts. Over the projected period, the refractor disorders market is expected to develop at the fastest rate. The World Health Organisation (WHO) estimates that 2.2 billion individuals worldwide suffer from a near- or far-sightedness impairment.
1. Global Ophthalmology Devices Market, By Product (2021-2029)
Vision Care Devices
Devices Devices
Diagnostic and Monitoring Devices
2. Others Global Ophthalmology Devices Market, By Application (2021-2029)
Vision Care
Ophthalmic Wound care
Cataract Devices
Oculoplastic
Others
3. Global Ophthalmology Devices Market, End User (2021-2029)
Hospitals
Diagnosis Clinics
Franchise Optical Stores
Eye Research Institutes
Government Agencies and Academics
Key players:
• Abbott Medical Optics, Inc.
• Alcon Inc.
• Appasamy Associates
• Aurolab
• Bausch & Lomb Inc.
• Carl-Zeiss AG
• CIBA Vision Corp.
• Ellex Medical Lasers Ltd
• Essilor International S.A.
• Haag-Streit AG
• Hoya Corp.
• Johnson & Johnson Vision Care, Inc.
• Menicon Co., Ltd.
• NIDEK CO., LTD.
• Oertli Instrument AG
• Rayner Intraocular Lenses Ltd
• Santen Pharmaceutical Co., Ltd
• STAAR Surgical Company
• Technolas Perfect Vision GmbH
• Ziemer Ophthalmic Systems AG
The study gives a complete assessment of the presence of the Ophthalmology Devices market in various areas and countries. Through a deep geographical assessment of the industry, the research analyst seeks to find hidden development prospects that may be used by companies in various regions of the world. The worldwide Ophthalmology Devices Market research gives precise knowledge that prepares market players to compete successfully with their largest competitors based on growth, sales, and other critical factors. Significant market features such as market drivers and barriers are separated from important development prospects and industry trends in the research study.
Global Ophthalmology Devices Market research report offers:
The research contains a wealth of information, including market dynamics, scenarios, and prospects for the projection period.
Quantitative, qualitative, value (USD Million), and volume (Units Million) statistics are included in segments and sub-segments.
Data at the regional, sub-regional, and country levels contain demand and supply dynamics, as well as their impact on the market.
In the year 2020, the competitive landscape has included a share of significant companies, new advances, and tactics.
These players provide comprehensive goods, important financial information, latest advancements, SWOT analysis, and strategies.
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