Ophthalmic Devices Market To Reach USD 65.60 Billion By 2027 | Reports And Data

Thu May 28, 2020 - 2:45pm GMT+0000

The growing incidence of eye diseases and advancements in technology are driving the market for Ophthalmic Devices.

New York City, United States – May 28, 2020 /MarketersMedia/

The global Ophthalmic Devices Market is forecast to reach USD 65.60 Billion by 2027, according to a new report by Reports and Data. Ophthalmology deals with the anatomy, physiology, and diseases of the eye. Ophthalmology devices are primarily used for the treatment of various eye conditions and infections. As these devices help lowers the treatment time and provide quality eye care to patients, they also assist in making the eye-treatment process more convenient for patients and ophthalmologists. The rising focus of people on healthcare, continuous developments in the field of medical devices and an increase in investments in healthcare by the government is expected to drive the market in the coming years.

This report covers the current COVID-19 effects on the economy. This outbreak has brought along drastic changes in world economic situations. The current scenario of the ever-evolving business sector and present and future appraisal of the effects are covered in the report as well.

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Leading Personal Soda Ash manufacturers/companies operating at both regional and global levels:
Bausch + Lomb, Johnson & Johnson, Alcon, Topcon, Carl Zeiss Meditec, Essilor, Nidek, Haag-Streit, Ziemer Ophthalmic Systems, and Staar Surgical, among others.

For the purpose of this report, Reports and Data have segmented into the global Ophthalmic Devices Market on the basis of device, type of disorders, end-users, and region:

Devices Outlook (Revenue, USD Billion; 2016-2027)
• Surgical Device
• Diagnostic and Monitoring Device
• Vision Care

Type of Disorders Outlook (Revenue, USD Billion; 2016-2027)
• Glaucoma
• Cataract
• Vitreo Retinal Disorder
• Refractor Disorders
• Others

End-Users Outlook (Revenue, USD Billion; 2016-2027)
• Hospitals
• Consumers
• Specialty Clinics
• Ambulatory Surgical Centers

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Regional Outlook (Revenue, USD Billion; 2017-2027)
• North America
• Europe
• Asia Pacific
• MEA
• Latin America

Further key findings from the report suggest

• Surgical devices include vitreoretinal surgery devices which are used to treat ophthalmic diseases such as macular degeneration, retinal detachment, vitreous hemorrhage, and others. Moreover, ophthalmic surgeons use highly specialized devices, solutions, and techniques to perform the aforementioned vitreoretinal surgeries.
• Glaucoma is among the major cause of blindness for people over the age of 60. It occurs at any age but is more common in older adults. Glaucoma is an eye condition that damages the optic nerve, which is crucial for good vision. This damage is generally caused by an abnormally high pressure in one’s eye.

Table Of Contents: Global Ophthalmic Devices Market

Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique

Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2027

Chapter 3. Indicative Metrics

Chapter 4. Ophthalmic Devices Market Segmentation & Impact Analysis
4.1. Ophthalmic Devices Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Rising prevalence of eye diseases
4.2.2.2. Increasing adoption of contact lenses and spectacles
4.2.2.3. Technological advancement in ophthalmic Devicess
4.2.3. Market restraints analysis
4.2.3.1. High cost of market product
4.2.3.2. Reimbursement cuts for surgical procedure
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter’s Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price trend Analysis

Chapter 5. Ophthalmic Devices Market, By Devices Insights & Trends
5.1. Devices Dynamics & Market Share, 2019 & 2027
5.2. Surgical Devices
5.2.1. Market estimates and forecast, 2016 – 2027 (USD Billion)
5.2.2. Market estimates and forecast, By Region, 2016 – 2027 (USD Billion)
5.3. Diagnostic and Monitoring Devices
5.3.1. Market estimates and forecast, 2016 – 2027 (USD Billion)
5.3.2. Market estimates and forecast, By Region, 2016 – 2027 (USD Billion)

Continue…

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To summarize, the global Ophthalmic Devices market report studies the contemporary market to forecast the growth prospects, challenges, opportunities, risks, threats, and the trends observed in the market that can either propel or curtail the growth rate of the industry.

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