Ophthalmic Device, the ophthalmic industry is a key growth area in the medical device world, with an ever-increasing demand for solutions to improve the day-to-day living of millions of people. Ophthalmic Devices gain increased importance and adoption due to high prevalence of various ophthalmic diseases such as glaucoma, cataract, and other vision-related issues. Devices may come under any of the three European Directives, the Medical Devices Directive, the Active Implantable Directive, and or the In Vitro Diagnostic Directive. These Ophthalmic devices cover a wide range of design types and applications such as glasses, contact lenses, intraocular lenses, implants, diagnostics, lasers, solutions, and surgical instruments. According to the research done by the world health organization, it estimates that in 2010 there were 285 million people visually impaired, of which 39 million were blind. The rising prevalence of chronic eye conditions as a consequence of high stress and unhealthy lifestyles result in diabetes retinopathy, which are high impact rendering drivers for the industryThis growth is primarily driven by Rising prevalence of eye diseases and The rise in the number of geriatric population.
Globally, a noticeable market trend is evident Technological advancements in ophthalmic devices. Major Players, such as Abbott Medical Optics (United States), Alcon (Switzerland), Bausch & Lomb(United States), Carl Zeiss Meditec (Germany), Essilor International (France), Johnson & Johnson(United States), HAAG-Streit Group (Switzerland), Nidek (Japan), Topcon Corporation(United States) and Ziemer Ophthalmic System(United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In May 2020 Icare USA has introduced two new diagnostic technologies, technologies for both glaucoma and retina specialties the CenterVue DRSplus Confocal Fundus Imaging System named Next-Generation Icare ic200 Handheld Tonometer. Its ease of use and ability to reproduce consistently high-quality color images of both eyes in under 10 seconds.
- Rising prevalence of eye diseases
- The rise in the number of geriatric population
- Technological advancements in ophthalmic devices
- The high cost of ophthalmology devices
Increasing government initiatives to control visual impairment
Increasing adoption of contact lenses and spectacles
AdvanceMarketAnalytics follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization of the Report:
AMA Research & Media features not only specific market forecasts, but also include significant value-added commentary on:
Technological Trends and Innovations
Regulatory Trends & Policies
Market Maturity Indicators
Market Share Movements
Growth Drivers and Constraints
New Entrants into the Market & Entry/Exit Barriers
Supporting Company Financial and Cash Flow Planning
Open Up New Markets
To Seize Powerful Market Opportunities
Key Decision in Planning and to Further Expand Market Share
Identify Key Business Segments, Market Proposition & Gap Analysis