Global Ophthalmic Devices Market Trends, Applications, Analysis, Growth, and Forecast to 2027

MarketResearch.biz delivers in-depth insights in its upcoming report titled “Global Ophthalmic Devices Market Trends, Applications, Analysis, Growth, and Forecast to 2027”. The global ophthalmic devices market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the global ophthalmic devices market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the global ophthalmic devices market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global ophthalmic devices market report has been segmented on the basis of device type, application, end user, and region.

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Ophthalmic devices are medical devices used in identification and treatment of ocular defects, and eye disorders. Development of innovative devices and increasing application of technology in the field of ophthalmology has made it possible for the consumers to have a practical and economical solution for various eye-related disorders. Ophthalmic devices are primarily used for treatment of disorders such as vitreoretinal disorders, refractor disorders, and cataract.

Increasing incidence of chronic eye diseases, and technological advancements in ophthalmic devices are key factors driving growth of the global ophthalmic devices market. In addition, increasing demand for advanced surgical and diagnostic instruments, coupled with high acceptance rate for refractive surgeries are major factors expected to fuel growth to the global ophthalmic devices market over the forecast period.

However, high cost of surgical and diagnostic devices is a key factor restraining growth of the global ophthalmic devices market. Additionally, lack of skilled professionals especially in rural regions of emerging economies is a major factor expected to hamper growth of the global ophthalmic devices market to a significant extent.

The market in North America dominated the global ophthalmic devices market in terms of revenue share, owing to presence of large geriatric population and increasing number of local ophthalmic device manufacturers. Europe accounted for second-highest market share contribution to the global ophthalmic devices market, followed by Asia Pacific. Markets in emerging economies in the Asia Pacific such as India, Japan and China are anticipated to expand with the highest CAGR of X.X% over the forecast period, owing to presence of a large patient pool, and significant investments made by prominent manufacturers in these regions to gain early momentum.

Global Ophthalmic Devices Market Segmentation:

Global ophthalmic devices market segmentation, by device type:

• Ophthalmology Diagnostic and Monitoring Devices
• Ophthalmology Surgical Devices
• Vision Care Devices

Global ophthalmic devices market segmentation, by application:

• Cataract
• Glaucoma
• Age-related Macular Degeneration
• Diabetic Retinopathy
• Others (Refractive errors, Amblyopia, Strabismus)

Global ophthalmic devices market segmentation, by end user:

• Hospitals
• Academic & Research Laboratories
• Others

Global ophthalmic devices market segmentation, by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa