Press release
Visionary Outlook: Ophthalmology Market Set to Surpass USD 84 Billion by 2030 with a Robust CAGR of 6.4%
Ophthalmology Market
This thorough ophthalmology market analysis empowers buyers to grasp the dynamics of the market, delving into the influential factors impacting it throughout the forecast period. It sheds light on recent industry advancements, product launches, collaborative efforts, and business consolidations among key players and brands. The ophthalmology report offers insights derived from SWOT analysis, outlining market drivers and restraints, coupled with projected Compound Annual Growth Rate (CAGR) figures for historical and base years.
Moreover, the report elucidates market definitions, classifications, applications, and engagements, providing a comprehensive understanding for buyers. By exploring key factors like competitive landscape analysis, trends, opportunities, marketing strategies, market impact analysis, and consumer preferences across major regions, types, and applications in the Global ophthalmology market, this report equips buyers to navigate the industry's past, present, and future landscape. To facilitate comprehension, numerical and statistical data are presented graphically, offering a clear depiction of key insights.
The global ophthalmology market is expected to gain market growth in the forecast period of 2023 to 2030. Data Bridge Market Research analyses that the market is growing with a CAGR of 6.4% in the forecast period of 2023 to 2030 and is expected to reach USD 84,655.95 million by 2030, from USD 51,459.32 million in 2022.
Market Definition
Ophthalmology is a branch of medicine that deals with the anatomy, physiology, treatment and surgery of the visual pathways of the eye, including surrounding areas and the visual aspects of the brain. Ophthalmic devices are medical equipment designed for surgery, diagnosis, and vision correction. The devices gained increased importance and adoption due to the high prevalence of several ophthalmic diseases, such as glaucoma, cataract, and other vision-related issues. Ophthalmic drugs are medications that are specially designed and administered for the treatment of various eye-related disorders, including color blindness, diabetic macular edema, cytomegalovirus (CMV), and age-related macular degeneration (AMD).
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Market Growth Drivers:
Rising prevalence of ophthalmic disorders & ocular pains
Ophthalmic disorders are the vital cause of major ocular and orbital pains in the eye. Ocular pain occurs over the surface of the eyes along with symptoms such as scratching, burning, or itching sensation. This may be due to multiple reasons, including irritation from foreign objects, infection or trauma. Eyelashes or pieces of dirt, smoke, dust or some harsh eye cosmetics are the common causes leading to ocular pain, redness, and watery eyes.
Rise in traumatic injuries
Traumatic head injury is one of the causes of such disorders as optic nerve disorders. A traumatic injury is a physical injury that occurs suddenly with a certain degree of severity. Trauma can be caused by a variety of external injuries. The most common causes of traumatic injury include road accidents, sports injuries, and violence, among others which can lead to some serious eye disorders as well. The prevalence of such traumatic injuries is highly seen worldwide.
The report emphasizes the participation of key entities, notably:
Alcon
Regeneron Pharmaceuticals Inc.
Johnson & Johnson, Inc.
Novartis AG
Bausch & Lomb Incorporated
HOYA Corporation
The Cooper Companies Inc.
Santen Pharmaceutical Co., Ltd.
Hoffmann-La Roche Ltd
Carl Zeiss Meditec AG
AbbVie Inc.
EssilorLuxottica
NIDEK CO., LTD.
TOPCON CORPORATION
Glaukos Corporation
STAAR SURGICAL
Market Insights in the Report
Evaluate and predict the ophthalmology market's value, revenue, and industry shares.
Enhance efficiency in entry-level research by pinpointing growth, size, leading players, and segments in the ophthalmology Market.
Explore key regional insights where the ophthalmology market is thriving.
Analyze recent trends and developments within the industry.
Identify potential and niche segments/regions demonstrating promising growth
Key Market Segmentation
By Product (Device, Drugs, and Others), Diseases (Glaucoma, Cataract, Age-Related Macular Degeneration, Inflammatory Diseases, Refractive Disorders, and Others), Prescription Mode (Generic, and Branded), Drug Type (Prescription, and Over the Counter), Route of Administration (Oral, Topical, Injectables, Local Ocular, and Others), End User (Hospitals, Clinics, Home Healthcare, and Others), Distribution Channel (Direct Tender, Retail Sales, and Others)
Target Audience:
Businesses in the ophthalmology industry
Investors and analysts interested in the ophthalmology market
Anyone who wants to learn more about the ophthalmology market
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About Data Bridge Market Research, Private Ltd
Data Bridge Market Research operates as a multinational management-consulting firm, boasting offices situated in both India and Canada. Renowned for our innovative and cutting-edge market analysis methodologies, we pride ourselves on our unparalleled durability and forward-thinking approaches. Our commitment lies in unravelling optimal consumer prospects and nurturing invaluable insights to empower your company's success within the market.
With a team comprising over 500 analysts specializing in various industries, we have been instrumental in serving over 40% of Fortune 500 companies on a global scale. Our extensive network boasts a clientele exceeding 5000+, spanning across the globe. At Data Bridge Market Research, our goal remains steadfast: to provide comprehensive market intelligence and strategic guidance to propel your business toward success.
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