Eye Care Surgical: Key market research findings
- Growing number of MI surgeries
- Advances in laser technology
- Leading market players are Abbott, Alcon, Bausch & Lomb, Carl Zeiss Meditec, Ellex Medical Lasers, Lumenis, and Topcon Medical Systema
Technavio has released a new report on the global eye care surgical market, which is anticipated to grow at a CAGR of more than 10% between 2016 and 2020. The global eye care surgical market will grow at a moderate pace during the forecast period due to the rise in a number of vision defects and related eye disorders such as cataract, glaucoma, diabetic retinopathy, and diabetic macular edema. The number of eye surgeries performed is growing at a rapid pace because of the advances in technology and increase in awareness about the availability of various ophthalmology products in the market. The rise in the demand for surgeries with minimal pain has led to the growth in the number of MI surgeries for eye-related disorders. Several retinal surgeries are being carried out using an MI small gauge surgery, which is performed using appropriate-sized instruments that minimize post-operative discomfort. Such MI surgeries facilitate rapid healing without changing the refractive power of the eye. The Americas doiminated the market during 2015 due to the growing number of laser refractive surgeries and the emerging laser vitreolysis technology in the region.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
Advances in laser technologies particularly for IOLs have changed the overall outlook of this market. The developments in laser technology have brought several new laser types, which include pattern scan laser, reduced fluence laser, short-pulse duration, and navigated laser systems for macular edema and proliferative diabetic retinopathy. The use of femtolaser systems for making incisions during capsulotomy helps minimise human errors. These systems are rapidly being implemented for several other ophthalmic surgeries such as cataract operations and keratoplasty, and will help make diagnosis easier and improve treatment outcomes in the coming years,” says Barath Palada, Lead Analyst, Healthcare & Lifesciences, Technavio Research.
Cataract surgeries dominated the eye care surgical market in 2015, occupying more than 82% of the total market share. The primary reason for this segment’s growth is the increased adoption of different ophthalmology treatment methodologies by the aging population. Factors such as the increasing incidences of cataract and growing use of IOLs will result in this segment’s growth over the next four years.
The leading vendors in the global eye care surgical market are Abbott, Alcon, Bausch & Lomb, Carl Zeiss Meditec, Ellex Medical Lasers, Lumenis, and Topcon Medical Systems. This market is highly competitive and is characterized by several innovations and advances in technology. The global and regional vendors are offering a broad range of ophthalmic devices in the market by using innovative marketing strategies as well as the latest technologies. Competition in this market is expected to intensify during the forecast period with continuous product launches and market expansion through M&A of local players.
A more detailed analysis is available in the Technavio report, Global Eye Care Surgical Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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