Global to lead Ophthalmic Devices Market in 2022 | Marketdataforecast

According to the report Ophthalmic Devices Market, published by Market Data Forecast, the Global market is projected to reach USD 45.21 billion by 2022, at a CAGR of 6.2% from 2017 to 2022.

Medical devices pertaining to diagnosis and surgery of eyes for vision care are called ophthalmic devices. These devices have brought about a paradigm shift in the treatment of eye disorders making them extremely efficient and economically savvy. Many disorders like refractor disorders, vitreoretinal disorders and cataract can be treated using these devices.

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Ophthalmic Devices Market: Drivers & Restraints
Augmenting geriatric population is the primary driver of this market because of several chronic diseases like diabetes and old age, in general, degrades eye-sight leading to several disorders. Increasing healthcare infrastructure and raising awareness are the secondary factors driving the growth of this market. Rapid advancements in technology and continuously rising innovative products in the market are also boosting market growth. Hefty costs, inadequately skilled professionals are the major market restraints. Get accurate market forecast and analysis on the Ophthalmic Devices Market.

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Ophthalmic Devises Market: Segmentation
By Product Type
• Surgical Devices
• Monitoring and diagnostic devices
• Vision care

By Devices
• Lenses
• Glaucoma surgical devices
• Ophthalmic Lasers
• Cataract surgical devices
• Iris retractors
• lens clearing and disinfectant solutions
• Others

By End-Users
• Hospitals
• Eye Care Clinics
• Research Institutes
• Others

By Geography
• North America
o United States
o Canada
• Europe
o U.K
o Spain
o Germany
o Italy
o France
• Asia-Pacific
o China
o India
o Japan
o Australia
o South Korea

• Latin America
o Brazil
o Argentina
o Mexico
o Rest of Latin America

• Middle East & Africa
o Middle-East
o Africa

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Ophthalmic Devises Market: Overview
In 2016, by product type, the vision care market category is the leading the market and it is predicted to grow at a CAGR of nearly 3% in the aforementioned forecast period. By devices, OCT scanners commanded the market and are predicted to retain their position at the end of the aforementioned forecast period.

North America is the market leader and is expected to remain so in the aforementioned forecast period. Europe and Asia Pacific are close behind North America. On the other hand, Asia Pacific is the fastest growing market and is expected to maintain its growth trajectory in the aforementioned forecast period. Rising disposable income in the emerging economies and augmenting geriatric population are the reasons behind this trend.

Ophthalmic Devices Market: Key Players
Key players in the market include Alcon Inc., Essilor International S.A., Johnson & Johnson, Abbott Medical Optics Inc. Other players in the market are Bausch & Lomb, Inc., Haag-Streit AG, Topcon Corporation, Carl Zeiss Meditec AG, Nidek Co. Ltd., and Ziemer Ophthalmic Systems AG.

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