Covid 19 Analysis On Ophthalmic Devices Market 2020 Global Size, Revenue Analysis, Growth, Opportunities And Forecast 2023

The Business Research Company offers " Ophthalmic Devices Global Market Report 2020-30: Covid 19 Impact And Recovery" in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market's historic and forecast growth, and highlights important trends and strategies that players in the market can adopt.

The global ophthalmic devices market is expected to decline from $36 billion in 2019 to $28.3 billion in 2020 at a compound annual growth rate (CAGR) of -21.6%. The decline is mainly due to the COVID-19 outbreak and the measures to contain it. The restrictions on non-essential medical services including ophthalmology services coupled with slowed production of ophthalmic devices used for treating eye conditions, due to extended factory closures in various countries together have contributed to the decline in the growth rate. The market is then expected to recover and grow at a CAGR of 7% from 2021 and reach $46.4 billion in 2023.

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The ophthalmic devices (or) equipment supplies market consists of sales of ophthalmic devices and related services by entities (organizations, sole traders and partnerships) that produce ophthalmic devices used in the diagnosis and treatment of eye related diseases. This industry includes establishments that produce vision care devices, cataract surgery devices, refractive surgery devices, diagnostic and monitoring ophthalmic devices used in conditions such as eye infections, cataract, glaucoma, retinal detachment and other medical conditions.

The use of robotic systems in the field of ophthalmology is increasing. Conventional ophthalmic surgeries are generally performed with a high magnification with a three-dimensional view through a surgical microscope and precise manipulations are made using delicate handheld instruments to minimize collateral damages. Robot-assisted surgeries are attractive in these cases and allow surgeons to perform complex eye operations with improved precision, amplified scale of motion, reduced tremor, task automation and flexibility.

Ophthalmic Devices Market Segmentation: -
By Type
1. Vision Care Devices And Equipment
2. Cataract Surgery Devices And Equipment
3. Refractive Surgery Devices And Equipment
4. Diagnostic And Monitoring Ophthalmic Devices And Equipment

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Few Points From Table Of Content:
1. Executive Summary
2. Report Structure
3. Ophthalmic Devices Market Characteristics
4. Ophthalmic Devices Market Product Analysis
5. Ophthalmic Devices Market Supply Chain
...........
19. Ophthalmic Devices Market Competitive Landscape
20. Key Mergers And Acquisitions In The Ophthalmic Devices Market
21. Market Background: Medical Equipment Market
22. Recommendations
23. Appendix

The report covers the trends and market dynamics of the ophthalmic devices market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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Some of the key players involved in the ophthalmic devices market are Essilor International; Alcon (Novartis); Johnson & Johnson (U.S.); Hoya Corporation; CooperVision AG

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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.

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