About Ophthalmic Surgical Technologies
Ophthalmic surgical technologies are used for diagnosis, vision correction purposes, and surgical. Ophthalmic surgical devices have gained increasing importance and adoption due to the high prevalence of various ophthalmic diseases such as glaucoma, cataract, and other vision-related issues across the globe. Moreover, technological advancements in the field have boosted the adoption rate of the rate globally. The increasing geriatric population and the increasing prevalence of eye diseases are propelling the growth of the global ophthalmic surgical technologies market in the forecast period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
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. Analyst at AMA Research estimates that European and United States Players will contribute the maximum growth to Global Ophthalmic Surgical Technologies market throughout the forecasted 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), Quantel Medical (France), Bausch Health Companies Inc. (Canada), NIDEK CO., LTD. (Japan), Novartis AG (Switzerland), ZEISS International (Germany), Leica Microsystems (Germany), Ellex Medical Lasers Ltd. (Australia), Ziemer Ophthalmic Systems (Germany), STAAR SURGICAL (United States) and IRIDEX Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are HOYA Corporation (Japan), Lumenis (Israel), TOPCON CORPORATION (Japan), Takagi Ophthalmic Instruments Europe LTD. (United Kingdom), ACB MOLTENO (New Zealand), Medical Technical Products (United States), IVIS Technologies (Italy), Aurolab (India) and Inami & Co., Ltd. (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Ophthalmic Surgical Technologies market by Type (Excimer Laser Systems, Femtosecond Systems, Laser Ophthalmic Surgical Systems, Ophthalmic Surgical Systems and YAG Laser Systems) and Region.
On the basis of geography, the market of Ophthalmic Surgical Technologies 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 Surgery Type, the sub-segment i.e. Cataract Surgery will boost the Ophthalmic Surgical Technologies market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Hospitals will boost the Ophthalmic Surgical Technologies market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Number of Diabetic Patients
Market Growth Drivers:
Growing Prevalence of Eye Diseases across the Globe, Rising Government Funding to Encourage Advancements in the Healthcare Segment and Increasing Incidence Rate of Ocular Disorders such as Corneal Abrasion, Cataract, Dry Eyes
Challenges:
Lack of Trained Eye Surgeons
Restraints:
Product Recalls of Various Companies
Opportunities:
Technological Advancement and Development of Ophthalmic Surgical Products
Market Leaders and their expansionary development strategies
In July 2023, Vantage Surgical Solutions has announced the acquisition of Ophthalmic Surgical Solutions (OSS). OSS is a Kansas-based company specializing in ophthalmic surgical equipment and services, and Vantage Surgical Solutions states the move “marks an important milestone in [their] growth strategy and further solidifies its position as a premier provider in the ophthalmic surgery industry.
In September 2020, Ocular Therapeutix, Inc., a biopharmaceutical company focused on the formulation, development, and commercialization of innovative therapies for diseases and conditions of the eye has announced that it has dosed the first patients in Phase 3 clinical trial of DEXTENZA 0.4 mg for the treatment of post-surgical ocular inflammation and pain in children following cataract surgery.
Key Target Audience
Ophthalmic Surgical Technologies Providers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others
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 a 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 the purpose to understand the companies positioning regarding the 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 a 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, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.