This market research report from Technavio segments the global ophthalmology devices market by product (diagnostic products, surgical products, and vision care products), by diagnostic devices (fundus camera, optical coherence tomography system, ophthalmoscopes, corneal topography, tonometer, slit lamps, refractor, retinal ultrasound system, and perimeters), by vision-care products (contact lenses and eyewear frames), by surgical devices (retinal surgery, refractive surgery, galucoma surgery, and cataract surgery) and by geography (Americas, EMEA and APAC).
Technavio’s market research analysts estimate the global ophthalmology devices market to grow at a CAGR of more than 5% between 2015 and 2019. High demand for refractive surgeries in emerging markets are boosting the growth of ophthalmology devices. The Americas is the highest revenue contributor to the ophthalmology devices market globally, covering around 43% of the total market share. Much of this region’s growth come from its well-established healthcare infrastructure and high demand for ophthalmology devices.
The new market research report from Technavio provides a breakdown and analysis of the ophthalmology devices segments by technology.
“The manufacturers are increasingly delving in advanced technologies to improve the efficiency and accuracy of ophthalmic devices. They are focusing on laser technologies especially IOLs to reduce the time taken for ophthalmic surgeries, while femtolaser systems and ultrasound-incorporated phacoemulsification are used for cataract operations and keratoplasty. OCTs are used in the diagnosis of glaucoma and other retinal abnormalities. These technological advancements are aiding ophthalmologists in easy diagnosis and treatment of ophthalmological defects,” says Imran Mushtaq, Lead Analyst, Healthcare, Technavio Research.
Contact lenses occupy around 86% of the total market share and is expected to generate revenues worth US $12 billion over the next four years. Users prefer contact lenses due to higher comfort levels, greater convenience, and better peripheral vision. Contact lenses are also used for the treatment of keratoconus disease and aniseikonia.
Global vision care devices market segmentation
Source: Technavio Research
The leading vendors in the global ophthalmology devices market are Abbott Medical Optics, Alcon, Bausch + Lomb, Carl Zeiss, and Essilor International and Hoya. The adoption of innovative marketing strategies by vendors, such as online marketing tools, is expected to bolster the revenue generation capacity of these vendors during the forecast period. Additionally, the formation of strategic alliances between small and large vendors is expected to boost market growth during the period of 2014 and 2019.
A more detailed analysis is available in the Technavio report, Global Ophthalmology Devices – Industry Analysis 2015-2019.
We can customize reports by other regions and specific segments upon request.
Other Related Reports:
- Global Ophthalmology Device Market 2011-2015
- Global Ophthalmic Therapeutic Market 2015-2019
- Global Medical Laser Systems Market 2015-2019
- Global Eye Care Market 2012-2016
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