The Infinium Global Research analyzes the Ophthalmic Surgical Technologies Market over the period of 2018 to 2024. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global ophthalmic surgical technologies market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of ophthalmic surgical technologies. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the ophthalmic surgical technologies market during the period. The global ophthalmic surgical technologies market is projected to grow at a CAGR of 5.6% over the forecast period of 2018-2024.
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The ophthalmic surgery is a surgical procedure performed on the eye or its adnexa by an ophthalmologist. Most of the common eye diseases are Cataract, Glaucoma, Macular degeneration, Strabismus, Uveitis, and Eye tumors. There are various technologies such as Femtosecond Systems, Excimer Laser Systems, Phacoemulsification Systems, and YAG Laser Systems are used for the Ophthalmic Surgery. Femtosecond laser technology is widely used for LASIK (laser in situ keratomileusis) procedures to correct myopia (nearsightedness). Furthermore, this technology is also used in the treatment of cataracts.
Rising Prevalence of Eye Disorder Has a Positive Impact on the Growth of Ophthalmic Surgical Technologies Market
Rising prevalence of eye disorder has a positive impact on the growth of ophthalmic surgical technologies market. Moreover, the growing geriatric population across the globe is also driving the growth of market. A superior result of femtosecond laser-assisted cataract surgery has increased rapidly. Cataract surgery is the most commonly performed surgical procedure in the world, with an estimated 19 million operations performed annually. The World Health Organization estimated that this number will increase to 32 million by the year 2020 as the over 65 population doubles worldwide between 2000 and 2020.
Moreover, rising awareness related to minimally invasive surgical procedures and rising government funding for the healthcare infrastructure are some of the supporting factors propelling the Ophthalmic Surgical Technologies market. However, high cost associated with ophthalmic surgery instrument and lack of skilled professionals is expected to hamper the growth of the ophthalmic surgical technologies market.Going forward, exploring new technologies and inventions in ophthalmic surgery technologies will augmenting the growth opportunities for the market key players.
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North America is Anticipated to Be the Leading Region in the Ophthalmic Surgical Technologies Market
On the basis of geographies, North America is anticipated to be the leading region in the ophthalmic surgical technologies market over the forecast period. Presence of numerous leading players in this region and the rising prevalence of eye diseases, across countries such as U.S. and Canada is likely to augment the market growth in this region. The Asia Pacific and Europe are expected to witness the significant growth in the ophthalmic surgical technologies market during the upcoming years. The factors such as a rise in research and development spending’s and ongoing development in the healthcare sector are escalating the market growth in this region.
Segmentation of the Ophthalmic Surgical Technologies Industry
The report on global ophthalmic surgical technologies market covers segments such as product type and surgery type. On the basis of product type, the global ophthalmic surgical technologies market is categorized into excimer laser systems, femtosecond systems, YAG laser systems, and phacoemulsification systems. On the basis of surgery type, the global ophthalmic surgical technologies market is categorized into retinal surgery, refractive surgery, cataract surgery, and glaucoma surgery.
Key Players of the Ophthalmic Surgical Technologies Industry
The report provides profiles of the companies in the global ophthalmic surgical technologies market such as, Allegretto Wave Excimer, Nidek EC-5000CX, Carl Zeiss MEL80 Laser System, Bausch & Lomb’s OrbscanIIz, Abbott Medical Optics’ IntraLase FS Laser, Alcon’s LADARVision 4000, STAAR Surgical, Topcon Corporation, Hoya Corporation and Essilor, Nidek.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the ophthalmic surgical technologies.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research– Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.