Ophthalmology Surgical Devices Market to Reach Value of Around US$ 11.0 Billion by 2025

The global ophthalmology surgical devices market is forecasted to witness a steady growth in coming years, according to Transparency Market Research (TMR). The players in the market are expected to focus on new product launches and fortifying their geographical presence and distribution channels. Key vendors in the global ophthalmology surgical devices market are Bausch & Lomb, Inc., HOYA Corporation, Johnson & Johnson Vision Care, Inc., STAAR Surgical Company, Carl Zeiss Meditec AG, IRIDEX Corporation, and Alcon.

Request for Sample Copy of Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=41633

According to TMR’s report, the global ophthalmology surgical devices market was valued at around US$ 7.0 bn in 2016 and is expected to exhibit a steady CAGR of 4.0% from 2017 to 2025, to reach value of around US$ 11.0 bn by 2025.

Among end-users, hospitals was the largest segment in 2016 and is anticipated to marginally gain market share by 2025. This is attributable to presence of the large number of hospitals, use of technologically advanced safety products, and favorable health care insurance coverage.

Geographically, North America held a major share of the global ophthalmology surgical devices market, in terms of revenue, in 2016. The trend is projected to continue from 2017 to 2025, primarily due to large pool of patients with eye disorders and the larger number of patients undergoing eye surgeries in North America than other regions.

High Incidence of Eye Related Disorders to Offer Market Opportunity

According to a report published by the World Health Organization (WHO) in 2010, cataract was responsible for causing blindness in 20 million people across the globe, which represented around 51% of the world blindness. Glaucoma was estimated to cause blindness in 4.5 million people, which accounted for around 12% of the global blindness. In addition, AMD was the third leading cause of blindness with worldwide prevalence rate of 8.7%. The growing burden of these eye conditions coupled with rising elderly population is expected to increase the need for corrective surgeries in the near future, subsequently stimulating the need for devices and systems used in these surgeries.

Enquiry for discount on this report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=41633

The continuing worldwide demographic trend of people developing myopia is expected to augment the demand for refractive surgeries required to treat the disorder in the next few years. The rate of prevalence of myopia is as high as 70% or more in countries in East Asia. Companies in the ophthalmology surgical devices market are increasingly collaborating with one another as well as with research institutes in order to develop new technologies to address the current unmet needs for eye care.

Technical Advances in Eye Surgeries to Boost Growth

Increasing demand for efficient treatment methodologies, rapid technological advancements and rising incidence rate of ocular disorders such as corneal abrasion, cataract, dry eyes are some major drivers of the ophthalmology diagnostics and surgical devices market. Enhanced cataract surgery techniques such as implantable intraocular lenses and the introduction of retinal implants are also expected to enhance market growth during the forecast period. Moreover, introduction of new products in line with the changing healthcare dynamics such as drug eluting contact lenses and handheld devices enabled with improved technology for early detection of macular degeneration and glaucoma are anticipated to improve usage rates.

Although these factors encourage the growth of the market, a dearth of skilled professionals with expertise in ophthalmic surgery, low awareness related to the ocular diseases, and lack of healthcare infrastructure mainly in developing countries can restrain the growth of global ophthalmic surgery devices market.

Request for the TOC of the Report @ https://www.transparencymarketresearch.com/report-toc/41633

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

US Office Contact

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com

Leave a Reply

Your email address will not be published. Required fields are marked *