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.
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.
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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.
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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The market is segmented along the following lines:
·
Global Ophthalmology Surgical Devices Market, by
Product
o Cataract Surgery
Devices
§ Intraocular Lenses
(IOLs)
§ Ophthalmic
Viscoelastic Devices
§ Others
o Glaucoma Surgery
Devices
o Vitreoretinal
Surgery Devices
o Refractive Surgery
Devices
·
Global Ophthalmology Surgical Devices Market, by
End-user
o Hospitals
o Ambulatory Surgical
Centers
o Ophthalmic Clinics
·
Ophthalmology Surgical Devices Market, by Geography
o North America
§ U.S.
§ Canada
o Europe
§ U.K.
§ Germany
§ France
§ Spain
§ Italy
§ Rest of Europe
o Asia Pacific
§ India
§ China
§ Japan
§ Australia & New
Zealand
§ Rest of Asia
Pacific
o Latin America
§ Brazil
§ Mexico
§ Rest of Latin
America
o Middle East &
Africa
§ South Africa
§ Israel
§ GCC
§ Rest of MEA
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