What is Refractive Surgery Devices?
Refractive surgery is a range of surgical modalities that are used to change the refractive state of the eye. Refractive surgery devices are devices used to improve or correct refractive errors such as nearsightedness (myopia), farsightedness (hyperopia), presbyopia or astigmatism. These devices help to treat and correct the common vision problems to reduce the dependence on prescription eyeglasses and contact lenses. According to statistics released by the Refractive Surgery Council the overall number of LASIK, PRK and SMILE procedures performed was more than 843,000 in 2018 year, representing a 6.2% increase over 2017.
The market study is broken down and major geographies with country level break-up.
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Analysts at AMA Research estimates that Players from United States will contribute to the maximum growth of Global Refractive Surgery Devices market throughout the predicted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Johnson & Johnson Services, Inc. (United States), Abbott (United States), Carl Zeiss AG (Germany), Alcon (Switzerland), Bausch & Lomb (United States), Avedro Inc (United States), Nidek (Japan), Refractec, LLC (United States), Lensar (United States) and Lumenis Ltd (Israel) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Ziemer Ophthalmic Systems AG (Switzerland) and SCHWIND eye-tech-solutions GmbH (Germany).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Refractive Surgery Devices market by Type, Application and Region.
On the basis of geography, the market of Refractive Surgery Devices has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End-users, the sub-segment i.e. Hospitals will boost the Refractive Surgery Devices market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product Type, the sub-segment i.e. Lasers will boost the Refractive Surgery Devices market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Surgery, the sub-segment i.e. Corneal Surgery will boost the Refractive Surgery Devices market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
In July 2019, Johnson & Johnson Vision announced the launch of the Surgical Vision Experience Center at the Johnson & Johnson Institute in Jacksonville, FL. The Center will serve as Johnson & Johnson Vision’s premier physical training space and laboratory setting for a variety of experiential educational programs offering hands-on, in-depth training for practicing ophthalmic surgeons, ophthalmology residents and optometrists. Training is geared toward the safe and effective use of Johnson & Johnson Vision products, with a focus on improving proficiencies, driving consistent high-quality outcomes and developing clinical confidence for participants.
Market Trend
- Increased Research and Development Activities
Market Drivers
- Increased Prevalence of Ophthalmic Diseases
- Increasing Number of Surgeries Performed
Opportunities
- Growth in the Healthcare Sector
- Huge Investments by Major Players
Restraints
- Low Patient Awareness about Safety of
Challenges
- Stringent Government Rules and Regulations
Key Target Audience
Refractive Surgery Devices Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies, Research Professionals and End-users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.