The demand within the global
market for ophthalmology surgical devices has been rising on account of the
rising incidence of eye diseases and disorders, finds Transparency Market
Research (TMR). The competition in the global ophthalmology surgical
devices market has been rising as new vendors make way into the market.
Furthermore, the market for ophthalmology surgical devices is expected to
undergo successive fragmentation in the forthcoming years. This is because the
total market share is disparately divided amongst the various small, medium,
and large-scale vendors. There is a high possibility that the leading vendors
in the global ophthalmology surgical devices market would witness fundamental
changes in the years to come.
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The leading vendors in the global
ophthalmology surgical devices market are projected to merge with the smaller
vendors. Furthermore, these vendors are also prognosticated to introduce their
ancillary units in order to capture the local markets. The small and
medium-sized vendors in the global ophthalmology surgical devices market are
focusing on decoding the growth strategy of the larger players. Moreover, the
smaller vendors are also expected to form coalesce and alliances amongst
themselves. The key vendors in the global ophthalmology surgical devices market
are Glaukos Corporation, IRIDEX Corporation, HOYA Corporation, and Johnson
& Johnson Vision Care, Inc.
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Transparency Market Research (TMR)
finds that the global ophthalmology surgical devices market would expand at a
steady CAGR of 4.0% over the period between 2017 and 2025. Furthermore, the
market for ophthalmology surgical devices is expected to accumulate revenues
worth US$ 11.0 Bn by 2025, rising from a value of US$ 7.0 Bn in 2016. On the
basis of product, the demand for cataract surgery devices has been rising at a
robust pace. Based on geography, the market for ophthalmology surgical devices
in Asia Pacific shall grow at a starry pace.
Rising Incidence of Eye
Disorders to Propel Demand
The presence of a matured domain of ophthalmology is
behind the growth of the global ophthalmology surgical devices market. Diseases
and disorders related to the retina have been on a rise, and this factor has
also played a crucial role in the growth of the global ophthalmology surgical
devices market. Furthermore, cataract surgeries are being performed across
regional clinics and small healthcare centers. This has in turn driven demand
for ophthalmology surgical devices in local areas and territories. Hence, there
is little contention about a stellar pace of growth within the global
ophthalmology surgical devices market.
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Presence of Surgical Centers in Rural Areas
to Aid Market Growth
It is evident that the boisterous pace of urbanization
has led to the opening new clinical and surgical centers across the suburbs and
cities. However, the most stellar driver of demand within the global
ophthalmology surgical devices market is the commencement of surgical centers
in rural areas. On the flip side, the absence of medical reimbursement for
ophthalmic treatments could be a threat to market growth. Nevertheless,
governments across several regions provide incentives for the development of
dedicated ophthalmic clinics. This factor shall continue to aid the growth of
the global ophthalmology surgical devices market in the years to come.
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The review is based on TMR’s report titled,
“Ophthalmology Surgical Devices Market (Product - Cataract Surgery Devices
(Intraocular Lenses (IOLs), Ophthalmic Viscoelastic Devices), Glaucoma Surgery
Devices, Vitreoretinal Surgery Devices, Refractive Surgery Devices; End use -
Hospitals, Ambulatory Surgical Centers, Ophthalmic Clinics) - Global Industry
Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025”.
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