Ophthalmic Device Market will be US$ 67 Billion by 2026

The global ophthalmic viscoelastic devices market is driven by the increasing prevalence of ocular dysfunction.

According to the first World report on vision issued by the World Health Organization in October 2019, over 1 billion people worldwide are living with vision impairment because they do not get the care they need for conditions like short and farsightedness, glaucoma, and cataract.The increasing popularity of cataract surgery has played a significant role in the growth of the ophthalmic viscoelastic devices market.

Cataract surgery can correct refractive errors such as nearsightedness and farsightedness, among other problems.

It has also been found to provide some degree of vision improvement to those with severe cataract conditions.Currently, there are two types of ophthalmic viscoelastic devices available in the ophthalmic viscoelastic devices market: open and closed systems.

It has been found that this form of treatment is effective in treating children and adults with different degrees of strabismus (crossing and turning of the eye).

On the other hand, the closed system consists of a lens-fitted or nose-and-throat mask that has an intraocular pressure sensor and holds the patient's head up with a backpack or headband.The most advanced form of ophthalmic viscoelastic device is the sodium hyaluronate formulation.

Global Ophthalmic Devices Market Forecast to 2027 encompasses crucial data about the global Ophthalmic Devices market and includes a thorough examination of technological development, market drivers, market share, market size, and regional segmentation.

The report also provides a comprehensive evaluation of the market trends, vital statistical data, accurate market estimations, and the key suppliers and manufacturers of the Ophthalmic Devices market.The report is also attuned with the currently ongoing COVID-19 pandemic and its effect on the key segments of the market.

The pandemic resulted in an economic slowdown and has directly affected the business sector by impacting the supply chains and availability of raw materials.

It also offers strategic recommendations to the key players of the market to assist them in overcoming the negative impacts of the pandemic.Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/2387The report provides a complete analysis of the global Ophthalmic Devices market with important details about the key market players from insightful primary and secondary research data.

The report also aims to benefit the user by providing constructive data to gain insight into the market growth, size, and investment approaches.The key companies profiled in the market are: Bausch + Lomb, Johnson & Johnson, Alcon, Topcon, Carl Zeiss Meditec, Essilor, Nidek, Haag-Streit, Ziemer Ophthalmic Systems, and Staar Surgical,The report also covers a comprehensive analysis of the strategic alliances such as mergers and acquisitions, joint ventures, partnerships, collaborations, agreements, government and corporate deals, and product launches and brand promotions.

Furthermore, it also covers SWOT analysis and Porter’s Five Forces Analysis to offer a deeper insight into the competitive landscape of the market.Devices Outlook (Revenue, USD Billion; 2016-2027)Surgical DeviceDiagnostic and Monitoring DeviceVision CareType of Disorders Outlook (Revenue, USD Billion; 2016-2027)GlaucomaCataractVitreo Retinal DisorderRefractor DisordersOthersEnd-Users Outlook (Revenue, USD Billion; 2016-2027)HospitalsConsumersSpecialty ClinicsAmbulatory Surgical CentersBrowse Complete Report “Ophthalmic Devices Market” @ https://www.reportsanddata.com/report-detail/ophthalmic-devices-marketThe report further segments the market on the basis of key regions of the world and offers an assessment of the production and manufacturing capacity, import and export, production and consumption patterns, supply and demand ratio, and the presence of key players in each region.

The development of innovative devices and increasing application of technology in ophthalmology has paved way for consumers to have practical and economical solutions for various eye-related disorders such as vitreoretinal disorders, refractor disorders, and cataract.

The most significant share of the global ophthalmic devices market is contributed by vision care devices.

These devices include contact lens, spectacles, and lens cleaning and disinfecting solutions for eyewear as well as for surgical devices.

Request Brochure –https://www.transparencymarketresearch.com/sample/sample.php?flag=B_id=283Several factors such as a rising geriatric population and increased focus on healthcare are driving the global market for ophthalmic devices, which was valued at US$12.92 bn in 2011 and is estimated to expand at a healthy CAGR of 5.10% to reach a global valuation of US$18.28 bn by 2018.

Moreover, several emerging economies in Asia Pacific are increasingly investing on healthcare infrastructure and promoting awareness about these common disorders which in turn is aiding the regional market for ophthalmic devices.

The market growth is also boosted by continuous advancements in the field of medical technology to develop novel products that are more efficient and accurate.

TheBusinessResearchCompany published its Ophthalmic Devices Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global ophthalmic devices market.

The report covers the ophthalmic devices market’s segments- vision care devices, cataract surgery devices, refractive surgery devices, diagnostic and monitoring ophthalmic devices.Explore Complete Report https://www.thebusinessresearchcompany.com/report/ophthalmic-devices-global-market-reportOphthalmic Devices Global Market Report 2020 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 covers all the regions, key developed countries and major emerging markets.

The major regions included in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.Request to get the sample of this report https://www.thebusinessresearchcompany.com/sample.aspx?id=1970=smpThe 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.

The rapid growth in the geriatric population, rising prevalence of eye diseases, and technological advancements in ophthalmic devices are the major factors driving the growth of this market.The Ophthalmic Equipment Market  size is projected to reach USD 63.3 billion by 2025 from USD 52.8 billion in 2020, at a CAGR of 3.7% during the forecast period.Ask for PDF Brochure: –https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=155637364Market Segmentation: -Based on product, the ophthalmic equipment market is categorized mainly into diagnostic & monitoring devices, surgical devices, and vision care products.

In 2019, the vision care products segment was expected to account for the largest share of the ophthalmic equipment market.

The large share of this segment can primarily be attributed to the high prevalence of eye disorders such as myopia, hyperopia, astigmatism, and presbyopia.

In addition to this, technological advancements in lens materials, growing awareness about eyesight correction, and rising trends in eyewear, such as styled sunglasses and advanced contact lenses boasting extra comfort, have further stimulated the adoption of vision care products.Recent DevelopmentsIn May 2020, Bausch + Lomb Launched its first EDOF IOL LuxSmart and a monofocal IOL LuxGood with preloaded delivery system and pure refractive optics (PRO) technology.In April 2020, Haag-Streit Group (Switzerland) acquired VRmagic Holding AG (Germany) to strengthen Haag-Streit’s leading position in the ophthalmology marketIn February 2020, Bausch + Lomb (Canada)collaborated with Prevent Blindness (US) o raise awareness about AMD through social media pages to share information about AMD with the public.In September 2019, Johnson & Johnson Vision Care (US) launched ACUVUE VITA contact lenses for astigmatism in the USIn February 2019, Carl Zeiss Meditec (Germany)collaborated with Christoffel Mission for the Blind (CBM) (Germany)to open a training center in Pune, India in collaboration with the Poona Blind Men AssociationEnd User: -Based on end-user, the ophthalmic equipment market is segmented into consumers, hospitals, specialty clinics & ambulatory surgery centers (ASCs), and other end users.

specialty clinics & ambulatory surgery centers (ASCs) are expected to grow at the highest CAGR during the forecast period.Regional Analysis: -North America is expected to account for the largest share of the ophthalmic equipment market in 2019, followed by Europe.

In addition, factor such as the growing awareness and uptake of ophthalmic treatments and surgeries and the availability of advanced ophthalmic devices in this region are also driving the growth of the ophthalmic equipment market in North America.Request for Sample Pages  :- https://www.marketsandmarkets.com/requestsampleNew.asp?id=155637364    Top Key Players:-The prominent players in this market are EssilorLuxottica (France), Alcon (US), Johnson & Johnson Vision Care (US), HOYA Corporation (Japan), Bausch + Lomb (US), Carl Zeiss Meditec (Germany), Topcon (Japan), Glaukos Corporation (US), Haag-Streit (Switzerland), NIDEK (Japan), STAAR Surgical (US), Ziemer Ophthalmic Systems (Switzerland), CooperVision, Inc. (US), Oculentis (Germany), Heidelberg Engineering (Germany), Canon (Japan), Optovue (US), Neo Vision (Korea), Lumenis (Israel), Reichert Technologies (US), OPHTEC BV (Netherlands), Heine Optotechnik (Germany), and Luneau Technology (France).

Astute Analytica's recent study on the Ophthalmic Devices Market provides a comprehensive review of the industry from 2021-2027.In 2020, the global Ophthalmic Devices Market valued at US$ 38,120.4 million.

This detailed information was compiled by analyzing current trends and historical milestones.In the report, a detailed assessment of the restraints can be compared to their drivers and could be used to plan strategic activities.

To grasp and benefit from the lucrative opportunities that are present in the ever-growing market, one needs to understand the factors that impede the growth of the market.

In addition, market experts' opinions were taken into consideration to gain a deeper understanding of the market.An in-depth analysis is given of overall Ophthalmic Devices Market growth prospects in this market study covering both the global and regional markets.

In addition, the report provides a dashboard overview of leading companies regarding their marketing strategies, market contributions, and recent developments in both historic and present contexts.It is important to consider a variety of factors when researching the market, from demographics and business cycles to microeconomic impacts specific to each country, the study found that market paradigms have evolved in terms of competitive advantage of regions and therefore major players' competitive landscape.

The result has been canceled flights, travel bans, restaurants closing, events restricted, business confidence declining, and uncertainty about the future.Regional Analysis: The Global Ophthalmic Devices MarketA total of five regions were covered in the report: Asia Pacific, Europe, North America, Middle East & Africa, and South America.

Ophthalmic Viscoelastic Devices (Ovd) Market Growth And Trends Analysis By Types (Cohesive Ophthalmic Viscoelastic Devices (Ovds), Dispersive Ophthalmic Viscoelastic Devices (Ovds)) Application (Cataract Surgery, Glaucoma Surgery, Corneal Transplantation, Vitreoretinal Surgery) ,End-User (Ophthalmic Clinics & Phaco Centers, Hospitals, Academic & Research Institutes) - Forecast Till 2027Market ScopeMarket Research Future (MRFR) expects the ophthalmic viscoelastic devices or OVD to touch 1,203.26 million by 2027-end.

Meanwhile, the global market is presumed to clock in a CAGR of around 11.6% between 2020 and 2027.Growth Boosters and DeterrentsThe World Health Organization/WHO reveals that cataract is the leading cause of 54% of blindness worldwide, representing almost 25 million individuals in 2010.

Cataract is identified as a common ocular disorder across the globe and its prevalence rate is exceptionally high in developed nations where the geriatric population is quite large.

The National Institutes of Health says that roughly 25 million Americans are affected by cataract and close to 50% of the population in the US is expected to develop the eye disorder by the age of 85 years in the years to come.

In short, the rising burden of cataract and glaucoma and the consequent increase in the number of eye surgeries performed will ultimately propel the demand for OVDs in the near future.Request Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/1396 Market SegmentationThe MRFR report presents a detailed framework of the ophthalmic viscoelastic devices industry, throwing light on a couple of segments including types, application and end users.The key types of ophthalmic viscoelastic devices include cohesive ophthalmic viscoelastic devices (OVD) as well as dispersive ophthalmic viscoelastic devices (OVD).Top applications include glaucoma surgery, cataract surgery, vitreoretinal surgery, and corneal transplantation.The industry end users covered in the MRFR study are hospitals, academic & research institutes and ophthalmic clinics & phaco centers.Regional AnalysisThe ophthalmic viscoelastic devices industry has been regionally segregated into APAC/Asia Pacific, MEA/Middle East & Africa, North America as well as Europe.In 2016, North America commanded the biggest share of 74.35% while South America was identified as the fastest expanding market at a rate of 11.6% the same year.

The US is the highest grosser in the regional market, considering the supportive reimbursement scenario as well as the sizeable spending on healthcare.

Ophthalmic Devices Market by Product Function (Ophthalmic Surgical Devices, Ophthalmic Diagnostic Devices, Ophthalmic Vision Care Devices), by End-User (Hospitals, Specialty Clinics and Ambulatory Surgery Centers, Other End Users), and by Region - Global Forecasts 2017 to 2027 Research Report by AllTheResearch.

Lifestyle-related ophthalmic disorders such as visual impairment, diabetic retinopathy, bulging eyes, accidental blindness, diabetic macular edema, uveitis, ocular hypertension, refractive errors, and retinal detachment, are involving several ophthalmic devices thus driving the market.

Based on product function, the Ophthalmic Vision Care Devices segment was expected to be the largest segment of the total market share in the year 2020 and continue the same in forecast period.

This rise is owing to the upsurge in usage of spectacle and contact lenses accompanied by rising number of supply chain.

Report also covers analysis of some of the key players including Abbott Laboratories, Inc., Car+l Zeiss Meditec AG, Novartis AG, Essilor International S.A., HOYA Corporation, HAAG-Streit Holding AG, Nidek Co., Ltd., Johnson & Johnson Vision Care, Topcon Corporation, and Valeant Pharmaceuticals International, Inc. among others.

The Global Ophthalmic Devices Market Segmentation:The Global Ophthalmic Devices Market is segmented on the basis of Product Function and End User.By Product FunctionOphthalmic Surgical Devices Ophthalmic Diagnostic DevicesOphthalmic Vision Care DevicesBy End-UserHospitalsSpecialty Clinics and Ambulatory Surgery CentersOther End UsersGlobal Ophthalmic Devices Market Key Findings:Based on product function, the ophthalmic vision care segment accounted for the highest share in 2020.Geographically, North American region held the largest market share of about 35% of global ophthalmic devices market in 2020, whereas Asia pacific region is growing at the fastest CAGR of 7% during the forecast period.Company Profiles and Competitive IntelligenceThe key players operating in the market are:Abbott Laboratories, Inc.Novartis AGCarl Zeiss Meditec AGEssilor International S.A.HAAG-Streit Holding AGHOYA CorporationJohnson & Johnson Vision CareNidek Co., Ltd.Topcon CorporationValeant Pharmaceuticals International, Inc.Ziemer Ophthalmic Systems AG.STAAR SurgicalRead More Information- https://www.alltheresearch.com/report/484/ophthalmic-devices-market Recent NewsIn January 2020, Novartis has successfully completed its acquisition over the Medicines Company.

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