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Oxygen Therapy being driven by increasing inclination towards personalized homecare especially among geriatric populace

01-02-2019 07:14 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Market Data Forecast

Oxygen Therapy being driven by increasing inclination towards

Market Overview:

In the year 2018 Global Ophthalmic Devices Market was valued at USD 37.37 billion. By the year 2023, it is predicted to reach USD 50.48 billion with pace of 6.20% CAGR.

Ophthalmology is a branch of medical sciences, which deals with structure, function, and various diseases related to the eye. Ophthalmology medical devices are used in many applications like vision care, diagnosis and surgery of eye infections.

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Factors affecting market growth:

Increasing geriatric population across the globe. (+)
Rising prevalence of eye related diseases such as glaucoma, cataract, refractive errors, AMD, and other infections. (+)
Increasing technological advancements in Ophthalmic Devices. (+)
High adoption of digital devices globally. (+)
Growing demand for ophthalmic devices and drugs. (+)
Lack of skilled professionals. (-)
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Market Segmentation

The Global Ophthalmic Devices market is segmented on the basis of

Product Type

Surgical Devices
Monitoring and diagnostic devices
Vision Care
Devices

Lenses
Glaucoma surgical devices
Ophthalmic Lasers
Cataract surgical devices
Iris retractors
Lens clearing and disinfectant solutions.
End-Users

Hospitals
Eye care Clinics
Research Institutes
Based on Product type segment, Vision care device holds the largest market share due to spectacles, contact lens, lens cleaning, disinfecting solutions for eyewear and also surgical devices which is expected to continue high growth rate in the global ophthalmic devices market during the forecast period.

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Key players:

Leading companies for Global Ophthalmic Devices Market are Haag-Streit AG, Topcon Corporation, Carl Zeiss Meditec AG, Nidek Co. Ltd., Ziemer Ophthalmic Systems AG, Alcon Inc., Essilor International S.A., Johnson & Johnson, Abbott Medical Optics Inc., and Bausch & Lomb, Inc.

About MarketDataForecast™
Market Data Forecast is a market research firm offering syndicated research, consults and industry newsletters across various domains & verticals. With a well-established in-house team of experts from diverse fields and outsource research network across 100+ countries, we are the sole research providers for the majority of Fortune 500 companies. Along with the standards of reports being on par excellence, our unique services like free customization, analyst support for the period of six months post to the purchase will be the flag bearers and differentiates us from the rest. Our experience and in-depth understanding of various business environments will be a support to you and your organization in making well-informed decisions.

Contact Info:
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Email: abhishek@marketdataforecast.com
Organization: MarketDataForecast™
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