What is Ophthalmology Devices?
Ophthalmology devices deals with the physiology and diseases of eyes. Ophthalmic devices cover wide selection of design types like glasses, contact lenses, implants, surgical instruments and lots of others. These devices are used in diagnosis of eye related diseases such as eyelid abnormalities, retinal disease, cataract, haloes, distorted vision. In recent years, the use of ophthalmic devices have increased three-fold due to increases in eye related disorders.
The market study is broken down by Type (Diagnostics & Monitoring Devices, Vision Care Products, Contact Lenses, Spectacle Lenses, Optical Coherence Tomography Scanner, Retinoscope, Tonometer, Pachymeter Ophthalmoscope, Biometer, Autorefractor, Surgical Instruments and Others), by Application (Cataract, Glaucoma, Refractive Errors and Diabetic Retinopathy) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analysts at AMA Research estimates that Players from United States will contribute to the maximum growth of Global Ophthalmology 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.
EssilorLuxottica (France), Alcon (United States), Johnson & Johnson Vision Care (United States), HOYA Corporation (Japan), Bausch + Lomb (United States), Carl Zeiss Meditec (Germany), Topcon (Japan), Glaukos Corporation (United States), Haag-Streit (Switzerland), NIDEK (Japan), STAAR Surgical (United States), Ziemer Ophthalmic Systems (Switzerland), CooperVision, Inc. (United States), Heidelberg Engineering (Germany), Canon (Japan), Lumenis (Israel), OPHTEC BV (Netherlands) and Heine Optotechnik (Germany) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Luneau Technology (France), Optovue (United States) and Oculentis (Germany).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Ophthalmology Devices market by Type, Application and Region.
On the basis of geography, the market of Ophthalmology 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-Use, the sub-segment i.e. Hospital will boost the Ophthalmology Devices market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Trend
- Rapid Technological Advancements Surgery Devices
- Increased Focus on Combination Therapies
Market Drivers
- Growing Aging Population Coupled With Increasing Incidence of Eye-Related Diseases
- Rising Medical Tourism for Low Cost Cataract Surgery
Opportunities
- Increased Funding From both Public and Private Research Organizations
- Rising R&D Relating To the Development of Ophthalmology Devices
Restraints
- Low Awareness Related to the Age Related Eye Diseases
Key Target Audience
Manufacturers of Ophthalmology Devices, Suppliers of Ophthalmology Devices, Wholesalers, Distributors and Retailers of Ophthalmology Devices, Healthcare Industry and Governmental Bodies
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.