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Published on : Feb 26, 2016

ALBANY, New York, Feb 26, 2016: ResearchMoz.us has recently announced the addition of a new market research report to its comprehensive collection of research studies. The research report, titled “Global Ophthalmic Devices Market: Trends, Opportunities and Forecasts (2015-2020F) - (By Type – Diagnostic and Treatment (value, By Region, Key Players, Regulatory Overview, Margins and Revenue Contribution),” provides an in-depth analysis of the global ophthalmic devices market emphasizing on the market overview, market drivers and restraints, challenges and opportunities, current market trends, product segmentation, geographical segmentation, and vendor analysis of the market. In addition, the 240-page research study has also included valued inputs and recommendation from professionals and industry experts to guide the new as well as existing players in formulating their business strategies.

The growing incidence of diseases due to unhealthy lifestyles has resulted in a tremendous rise in eye disorders amongst the geriatric population, owing to which the ophthalmic device market is gaining traction across the globe. Moreover, the need for early detection of eye disorders, technological advancements, and introduction of smart diagnosis are some of the factors that are further fueling the growth of the global ophthalmic device market. According to the research report, the global market for ophthalmic devices is projected to exhibit a 4.11% CAGR between 2015 and 2020.

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In the last five years, the global ophthalmic devices market has been growing at a fast pace due to the growing expenditures in the healthcare sector, the growing prevalence of eye disorders leading to blindness and visual impairment, and the rising number of patients undergoing eye surgeries. Furthermore, the rising rate of lifestyle disorders such as diabetes and obesity, which leads to eye disorders, are estimated to boost the demand from the ophthalmic devices market throughout the forecast period, particularly in developing economies. 

The global ophthalmic devices market has been segmented on the basis of type into diagnostic devices and treatment devices. In the diagnostic devices segment, the segments of optical coherence tomography and fundus cameras are expected to grow significantly over the forecast period. On the other hand, in the treatment devices segment, demand for femtosecond lasers and excimer lasers is estimated to grow rapidly in the next few years. On the basis of geography, the global market for ophthalmic devices has been divided into Asia Pacific, Africa, the Americas, Europe, and the Middle East. The market estimates and shares of each segment are further discussed in the research study. 

The research report covers the vendor analysis in the last section, focusing on the company overview, financial overview, product portfolio, mergers and acquisitions, business strategies, SWOT analysis, and recent developments of the major players. Some of the prominent players operating in the global ophthalmic devices market are Topcon Corporation, Valeant Pharmaceuticals Pvt. Ltd., HOYA Corporation, Essilor International, Nidek Co., Ltd, Abbott Medical Optics, Aurolab, Haag Streit, Carl Zeiss Meditec AG, and Novartis AG.

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