Ophthalmoplegia Market Scope
Ophthalmoplegia is a medical situation where there is weakness or paralysis of the eye muscles i.e. extraocular muscles. There are six muscles which control the eye activities and hold the eye in its place and any one of these muscles can be affected in Ophthalmoplegia. Ophthalmoplegia is also called as Ophthalmoparesis. Person suffering from Ophthalmoplegia can have blurred or double vision. Some of the common causes of Ophthalmoplegia are stroke, thyroid disease and brain injury or trauma. Patients which are suffering from diabetes are slightly at an increased risk for having Ophthalmoplegia. Moreover, Ophthalmoplegia can involve any or all of the extraocular muscles consisting of the inferior recti, lateral recti, superior recti, medial recti, superior oblique and inferior oblique muscles.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Abbott (United States), Novartis AG (Switzerland), Johnson & Johnson (United States), ZEISS International (Germany), Valeant Pharmaceuticals International, Inc. (US), Topcon Corporation (Japan), Medline Industries, Inc. (United States), Allergan (Ireland), F. Hoffmann-La Roche Ltd (Switzerland) and Santen Pharmaceutical Co., Ltd (Japan) |
CAGR | 8.2% |
The global market comprises various market players operating at regional and global levels. These key players are adopting various strategies such as R&D investments. Research Analyst at AMA estimates that United States and Japanese Players will contribute to the maximum growth of Global Ophthalmoplegia market throughout the predicted period.
Abbott (United States), Novartis AG (Switzerland), Johnson & Johnson (United States), ZEISS International (Germany), Valeant Pharmaceuticals International, Inc. (US), Topcon Corporation (Japan), Medline Industries, Inc. (United States), Allergan (Ireland), F. Hoffmann-La Roche Ltd (Switzerland) and Santen Pharmaceutical Co., Ltd (Japan) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Nidek Co., Ltd (Japan), HOYA Corporation (Japan), Essilor (France) and Amritt, Inc. (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Ophthalmoplegia market by Type , by Application (Telemedicine Platforms, Assistive Technology Application and Low Vision Aid Apps) and Region with country level break-up.
On the basis of geography, the market of Ophthalmoplegia 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).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In April 2023 Abbott announced it has completed the acquisition of Cardiovascular Systems, Inc. (CSI), a medical device company with an innovative atherectomy system used in treating peripheral and coronary artery disease.
In December 2023: Global healthcare company Abbott is taking The Next Chapter campaign on menopause a step forward through new ways to break the silence around the topic. This year, to encourage meaningful menopause conversations, the company introduced a simple, engaging conversation starter, ‘Real, Made up, or Mine?’ at an event held in Mumbai.
On October 22, 2018, IDx, a leading AI diagnostics company, and Topcon, one of the world’s leading ophthalmic device manufacturers, have signed an exclusivity agreement that will allow the companies to scale delivery of AI-based diagnostic solutions
Influencing Trend:
Rapid Developments in Technology Related To Eye Diseases
Market Growth Drivers:
Growing Geriatric Population Worldwide and Rising Prevalence of Eye Sight Affecting Diseases
Challenges:
Availability of Alternative Low Cost Treatment
Restraints:
High Price of the Treatment
Opportunities:
Growing Healthcare Expenditure in the Developed Countries
Key Target Audience
Manufacturers of Ophthalmic device, Suppliers of Ophthalmic device parts, Distributers of Ophthalmic device, Healthcare industry, Governmental bodies, Hospitals and clinics, Academic institutes and universities and Research Firms