(I-BusinessNews.Com, January 17, 2020 ) The global ophthalmic devices is a medical device, it's used for the treatment and identification of all eye-related disease such as eye disorder, glaucoma, cataract, deficiencies or ocular defects and others. The global market for ophthalmic devices includes surgical products, diagnostic and monitoring devices, and Vision care products. Vision Care products are the market leader in the industry for ophthalmic devices. The Global Ophthalmic Device Market is projected to reach more than US$ 67 Billion by the end of 2026.
The key drivers of global ophthalmic device market are; growing aging population, rapid technological advancements, increasing awareness of eye care products, several initiatives to spread awareness, increasing large pool of patients with eye diseases, and changing demographics and geographical trends, and more and more adoption of digital devices is expected to full fill the growth of global ophthalmic device market. The major factors that restrain the market growth are; slow pipeline of ophthalmology drugs as well as global economic slowdown.
Besides, growing awareness of eye diseases in developed and developing countries such as the United States, China, India, Europe, Japan, the United Kingdom, France, and Germany is expected to provide significant growth opportunities in this market. Around the world, various government initiatives to control visual impairment and increasing adoption of contact lenses and spectacles in devices are another factor driving the market.
This report also covers the recent study of new technology used in fundus cameras like "Volk iNview" by ophthalmologists. This new ophthalmic camera device can capture the images of fundus using an Apple iPhone or iPod, iPhone 6 & 6S, iPhone 5S, and iPod Touch and many new technologies on all platforms have been studied extensively in this study.
Renub Research report titled "Ophthalmic Devices Market Global Forecast by Application (Diagnostics & Monitoring Devices, Surgical Instrument Devices Market and Vision), Products (Fundus Camera, Optical Coherence Tomography Scanner, Refractive Error Surgery, Glaucoma Surgery, Cataract Surgery, Retinal Surgery, Contact Lenses and Others), Regions (Asia Pacific's, North America, Europe and Rest of the World), Companies (Alcon Laboratories, Inc., Carl Zeiss, Topcon Corporation, Valeant Pharmaceutical International Inc., Iridex Coporation, Ellex Medical Lasers, Escalon Medical, and Second Sight Medical Products Inc.)" provides a complete study of the Global Ophthalmic Devices Market.
By Application - Vision Care products is dominating Market Share in Overall Global Ophthalmic Devices Market
The major segment that holds the largest market share is vision care followed by surgical instrument products. This report fragmented by application into three major parts; Diagnostics & Monitoring devices market, Surgical Instruments market and vision care. Again these major segments are classified into sub segments.
Global Diagnostics & Monitoring Devices classified into (Fundus Camera, Optical Coherence Tomography Scanner, Tonometer and Others)
Surgical Instruments Market into (Refractive Error Surgery, Glaucoma Surgery Devices, Cataract Surgery Devices and Retinal Surgery Devices)
Vision Care Products into (Contact Lenses market and Others)
By Region - North America is the leading Market
In this report, full regional details are provided along with their regional factors and challenges faced by each regions. The global ophthalmic device are fragmented by regional profiles into four parts; Asia-pacific's, Europe, North America and Rest of the World. North America will dominate the market.
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