The global ophthalmic instrumentation market is expected to grow at a CAGR of 4.5% from 2018-2028. The study covers the present scenario and growth prospects of the global ophthalmic instrumentation market for 2018-2028. It presents an in-depth assessment of factors that drive and restrain growth during this period.
Vision is one of the most important senses and can be impaired by cataracts, glaucoma, retinal degeneration, or other eye conditions. Ophthalmic instruments are used in surgical procedures to help improve vision for those who have experienced damage to their eyes. Ophthalmic instruments may be used to help improve vision for those who have experienced damage to their eyes.
Ophthalmic instrumentation is a term that encompasses all ophthalmologic instruments and devices used in the assessment, diagnosis, management, or treatment of any eye-related condition. The use of these instruments is crucial to maintaining quality care for patients with retinal conditions such as macular degeneration. These are medical devices such as needles, knives, and drills that are used in ocular surgery. Ophthalmology is a branch of medicine which deals with diseases related to visual organs like eyes. They provide treatment for eye-related conditions such as vision problems or blindness caused by cataract removal.
On the basis of type, ophthalmic instrumentation is segmented into cataracts, refractive glaucoma, and vitreoretinal surgical microscope.
Cataracts are one of the most common eye problems in adults. Cataract surgery, also known as lens replacement or cataract removal, removes a clouded natural crystalline lens from the eye and replaces it with an artificial intraocular implant (IOL). The operation may be done for any number of reasons; sometimes only to remove all lenses so that glasses can be dispensed. Other operations are needed if there was a complication during cataracts such as glaucoma developing iced more often in people who have diabetes mellitus.
Refractive glaucoma is a type of ophthalmic instrumentation that can be used to treat or prevent vision loss in people with high eye pressure and damage to optic nerve fibers. This is done by changing the shape of the cornea.
Vitreoretinal surgical microscope for retinal detachment treatment and other vitreoretinal diseases, such as macular degeneration or diabetic retinopathy. In these cases, a laser can be used to seal the hole in the retina surgically created during cataract extraction. The optical fiber allows visualization of anterior segment structures without the need of an eyelid speculum which would obstruct the view at high magnification with low light levels required in delicate procedures.
On the basis of application, the global ophthalmic instrumentation market is segmented into hospitals or specialty clinics.
In the hospital, ophthalmic instrumentation is used to treat diseases involving eye tissues such as cataracts. It also helps in performing various types of surgeries and other surgical procedures on patients who are suffering from retinal detachment, glaucoma, or vitreoretinal disorders.
The specialty clinic is a facility that specializes in the treatment of eye conditions and diseases. Private clinics provide ophthalmic instrumentation to help diagnose problems with an individual's eyesight, as well as offer treatments for less common or more serious disorders. The specialty clinics use the instrumentation on a variety of diseases, such as cataracts and glaucoma. The other applications are in hospitals for surgeries related to cornea, retina, or vitreous humor.
On the basis of region, the global ophthalmic instrumentation market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is the largest market for ophthalmic instrumentation; owing to the high number of retinal disorders in this region such as age-related macular degeneration (AMD), diabetic eye disease (DED), or glaucoma. In addition, the increasing geriatric population has led to an increased need for cataract surgery procedures.
The increasing prevalence of various eye-related diseases such as cataracts, glaucoma, and macular degeneration coupled with increased revenue from government healthcare programs are the key factors driving demand for ophthalmic instruments over the forecast period.
In addition, increasing awareness about vision problems due to the aging population has emerged as another driver in recent years. Increased expenditure on pharmaceuticals used in treatment procedures will also positively impact growth prospects over the next few years.
Up Market Research published a new report titled “Ophthalmic Instrumentation Market research report which is segmented by Types (Cataracts, Refractive Glaucoma, Vitreoretinal Surgical Microscope), By Applications (Hospital, Specialty Clinic), By Players/Companies Johnson & Johnson, Alcon, Inc. (Switzerland), Bausch & Lomb, Inc. (US), Carl Zeiss Meditec AG (Germany), Ellex Medical Laser Limited (Australia), Huvitz Co., Ltd. (South Korea), Iridex Corp. (US), Lumenis Ltd. (Israel), Nidek Co. Ltd (Japan), Topcon Corporation (Japan), Topcon Medical Systems, Inc. (US), Visionix Ltd. (Israel)”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
|Report Attributes||Report Details|
|Report Title||Ophthalmic Instrumentation Market Research Report|
|By Type||Cataracts, Refractive Glaucoma, Vitreoretinal Surgical Microscope|
|By Application||Hospital, Specialty Clinic|
|By Companies||Johnson & Johnson, Alcon, Inc. (Switzerland), Bausch & Lomb, Inc. (US), Carl Zeiss Meditec AG (Germany), Ellex Medical Laser Limited (Australia), Huvitz Co., Ltd. (South Korea), Iridex Corp. (US), Lumenis Ltd. (Israel), Nidek Co. Ltd (Japan), Topcon Corporation (Japan), Topcon Medical Systems, Inc. (US), Visionix Ltd. (Israel)|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||247|
|Number of Tables & Figures||173|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Cataracts, Refractive Glaucoma, Vitreoretinal Surgical Microscope and By Application Hospital, Specialty Clinic.
Some of the companies that are profiled in this report are:
Ophthalmic Instrumentation Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Ophthalmic Instrumentation Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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