Global Aphakia Market Segmentation
According to the reports by MFRF, the global aphakia market has been segmented by types, causes, treatment, and end user.
By type, the market of aphakia is segmented into primary, and secondary.
By cause, the aphakia market has been categorized into congenital aphakia, surgical aphakia, acquired aphakia, and others. Further, acquired aphakia is segmented into traumatic extrusion, posterior dislocation, couching, and other.
By treatment, the market is segmented into spectacles, contact lenses, intraocular lens implantation, refractive surgery, and others. Where, the spectacles are sub-segmented into +10D, +3-4D, and others.
By end user, the market of aphakia is segmented into hospitals, ophthalmic clinics, and others.
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Market Insights
The aphakia market is changing due to the presence of the key players and brands which are making moves like high developments, product launches, joint ventures, mergers and accusations that in turn, is changing the view of the global aphakia market.
New reports published by Market Research Future on global aphakia market is likely to rise at a CAGR of 9.2 % during the forecast period 2017-2023. According to the new report, the global aphakia market is likely to exhibit steady growth in the years to come owing to the swelling demand for treatment of the ophthalmic diseases. Aphakia industry is commonly a condition where the crystalline lens of the eye gets vanished in its usual position of the pupillary area. Either way, there is no crystalline lens inside the eye, or the lens is subluxated or luxated. This occurs owing to the presence of diseases such as trauma and congenital conditions or after surgery for cataract removal.
Global Aphakia Market: Drivers & Trends
Driving factors for the growth of global aphakia market are accounted as increasing prevalence of diabetes & other diseases, rising demand for better treatment, and a growing number of ophthalmic surgeries. As per the reports, MRFR mentions that according to World Health Organization (WHO), in 2014, it was recorded that 285 million people were visually decreased across the globe, in which 246 million had low vision, and 39 million became completely blind. Additionally, According to the WHO, 422 million people have diabetes, and this number is increasing at a rate of 8.5%.
It has been observed that changing lifestyle and increasing geriatric population have raised the prospect of causing aphakia. Also, the increasing need for cost-effective treatment and increasing per capita income has also fueled the aphakia market growth. However, restricted treatment options, coupled with the high cost of the surgery, are some of the factors that are hindering the growth of the aphakia market during the forecast period.
Moving forward, some more factors such as rapid development in the healthcare sector have also pushed the aphakia market to expand wisely in the assessment period. The facilities are now provided for aphakia as various treatments are engaged for the removal of aphakia.
Key Players
MRFR has listed up some of key the players in the market. The names are Johnson & Johnson Services, Inc. (US), Ophtec BV (Netherland), Alcon Laboratories, Inc. (Switzerland), Bausch & Lomb (US), Carl Zeiss AG (Germany), Rayner Company (US), Bohus BioTech AB (Sweden), CooperVision, Inc. (US), Lifecore Biomedical, LLC (US), Aetna Inc. (US), Ciba Vision (Switzerland), and Menicon (Singapore).
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Regional Outlook
Geographically, the Americas leads the global aphakia market owing to the swelling prevalence of people with aphakia. It has been estimated that 6.1 million (5.1%) of Americans have pseudophakia/aphakia. Also, factors such as well-developed technology, substantial diabetic population, and strong government support for research & development have already fueled up the market growth in positive ways.
While Europe holds the second leading market position across the globe owing to the accessibility of funds for research, vast geriatric population and support from the government for research & development are, therefore, driving the market exponentially.
Whereas, Asia Pacific region is the fastest growing aphakia market owing to the presence of a speedily growing economy, increasing occurrence of ophthalmic diseases, and the presence of vast geriatric population. On the other hand, the Middle East & Africa occupies the smallest share of the market owing to the fewer funds, limited availability of medical facilities, and poor political conditions in Africa.
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The global “ophthalmic surgical devices” market size is anticipated to reach USD 12.75 billion by 2026, registering a CAGR of 4.8% during the forecast period.
While this eye condition mostly occurs as a person ages, the WHO claims that other risk factors such as diabetes, exposure to UV light, and smoking are fast emerging as major grounds for cataract.
Moreover, the International Agency for the Prevention of Blindness (IAPB) states that blindness from cataract is around 5% in developed countries and 50% in developing and underdeveloped nations.
Increasing demand for ocular treatments from emerging economies is, therefore, expected to lead the ophthalmic surgical devices market trends in the upcoming decade.
Request a Sample Copy of the Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/ophthalmic-surgical-devices-market-102054Major Companies Profiled in the Ophthalmic Surgical Devices Market Report:Oertli Instrumente AGAllerganHoya CorporationBausch & Lomb IncorporatedJohnson and Johnson Services, Inc.New World Medical, Inc.GlaukosSTAAR SURGICALZEISS InternationalAlcon (Part of Novartis AG)For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/ophthalmic-surgical-devices-market-102054The above insights are provided in a recent Fortune Business Insights™ report, titled “Ophthalmic Surgical Devices Market Size, Share & Industry Analysis, By Product Type (Cataract Surgery Devices, Vitreoretinal Surgery Devices, Refractive Error Surgery Devices, Glaucoma Surgery Devices), By End-user (Hospitals, Ophthalmic Clinics, Others), and Regional Forecast, 2019-2026”.
The main highlights of the report include:In-depth study of the competitive landscape with main focus on companies’ profiles, strategies, and products launched;Meticulous segmentation of the market and research into individual segments;Detailed analysis of the regional dynamics; andMicroscopic evaluation of the various drivers and restraints influencing the market.Growing Number of Aged People Worldwide to Prove Beneficial for the MarketAccording to the WHO, aging is the primary reason for the development of eye diseases and conditions.
Ophthalmic lasers are scientific devices that use laser beams to target the ocular cells to treat ocular issues.
Lasers are directional sources of monochromatic, coherent light that are precisely directed at a small spot.
As well as retinal photocoagulation, laser trabeculoplasty, laser iridotomy, posterior capsulotomy, and cataract surgery, Ophthalmic Laser is used for a wide variety of ophthalmic issues.
In addition to intraocular probes and oblique ophthalmoscopes, laser-electricity transport structures include interfaces for working microscopes.
In diabetic retinopathy, the inexperienced laser is commonly used for photocoagulation.
Ophthalmic laser surgical procedures will become more accurate with technology improvements in optical coherence tomography.
The global Ophthalmic Devices Market is forecast to reach USD 65.60 Billion by 2027, according to a new report by Reports and Data.
The rising focus of people on healthcare, continuous developments in the field of medical devices and an increase in investments in healthcare by the government is expected to drive the market in the coming years.The emergence of robots in the field of ophthalmology is growing.
Robotic technologies such as da Vinci Surgical System are integrated into the field of ophthalmology and are assisting surgeons in complex eye surgeries.One of the restraints of the growth of the ophthalmic devices market is the high cost of their devices, mainly those that are exported.
Moreover, the lack of skilled professionals, especially in the rural regions of emerging economies, is another prime concern for manufacturers.North America held the largest market share in the ophthalmology devices market, owing to the introduction of highly advanced devices and techniques, prevalence of eye defects due to lifestyle changes, and government's supportive reimbursement policies.
About 1.3 million Americans were blind, 2.9 million had low vision or eyesight, 24 million suffered from cataract in the year 2014, according to the National Eye Institute.Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/2387The report provides a panoramic view of the market and insights that will help formulate better business decisions.
In addition to that, the study helps well-established companies and players gain a deeper understanding of the market and make informed decisions.
The global ophthalmic packaging market is expected to reach USD 15.20 billion by the end of 2026, according to a new report by Grand View Research, Inc.
Increasing global burden of ocular conditions and growing number of ophthalmic clinics, hospitals, and ambulatory care centers are the factors driving the market growth.
Additionally, frequent introduction of new drug delivery systems and high demand for advanced packaging solutions is expected to fuel the market during forecast period.Access Sample Report of this report @ https://www.radiantinsights.com/research/ophthalmic-packaging-market/request-sampleIncreasing healthcare expenditure and rising disposable income are some of the prominent factors that are expected to drive a lot of patients towards advanced ophthalmic care.
Furthermore, growing number of advanced healthcare facilities such as eye hospitals and ophthalmic clinics across several regions and increasing awareness about preventive care, ocular disorders and self-medications are some of the factors expected to aid to the market growth.Increasing geriatric population coupled with age related ocular disorders is expected to increase the demand for ophthalmic products.
Furthermore, the improving reimbursement policies for ocular surgeries including cataract & eye implants and increasing awareness about ocular disorders and treatment options is expected to drive the market growth.The government and non-government initiatives such as ocular screening program and national healthcare program is expected to increase the accessibility to ophthalmic healthcare.
Furthermore, the initiatives such as “economical free trade zone” & reducing approval time for establishment of facilities will contribute to the establishment of new ophthalmic manufacturing facilities that is expected to increase the demand for the packaging materials over the forecast period.Further key findings from the report suggest:Multiple dose ophthalmic packages held the largest market share in 2018 and expected to grow at a significant rate over the forecast period.
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).
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