Growing elderly population and increase in occurrences of eye related disorders such as diabetic retinopathy, presbyopia and macular degeneration has led to growth of global ophthalmic devices market. With advanced technology used in ophthalmic devices, people are going for/ preferring ophthalmic operations to cure their eye related disorders. Due to this the universal ophthalmic devices market is projected to make a CAGR (compounded annual growth rate) of about 4.1 % during 2012 to 2017.
Modernization in laser technology and minimally invasive surgical methods are adding to the growth of ophthalmic surgical equipments. Populated countries such as China and India (belonging to Asia Pacific Zone) are projected to register an elevated/high market growth rate as large number of patients affected by the eye disorders are found in rural areas of these countries. New technological innovations along with easy accessibility and availability of treatment methods for eye disorders, eye diseases and vision problems are some of the aspects that have led to the expansion and growth of ophthalmic devices market.
Ophthalmic devices market is divided into different kinds of devices like refractive surgery devices, ophthalmic diagnostic devices, glaucoma surgery devices, vision care, cataract surgery devices, vitreo retinal surgery devices and refractive surgery devices. The market research study examines the market discussing its market summary/outline providing the figures displaying present and future market trends. It also analyses the rate of market growth, ability of market to grow, shortcomings of market, market estimations, market size, market type and market structure. The market research study consists of recent developments in ophthalmic devices market, porter’s five forces analysis model, competitive analysis model and complete details of company profiles of organizations who are key market players in the business of production or sale or marketing of the ophthalmic devices or its applications.
The research study on ophthalmic devices market offers a detailed review of micro and macro aspects vital for the business growth of current market players as well as new entrants along with the comprehensive value chain analysis. The key geographical regions studied under the study report are Region of Europe, Sub-Continent of North America, Rest of the World (ROW) and Zone of Asia Pacific. Main companies leading the market are CIBA Vision Corporation, Bausch & Lomb Incorporation, Johnson & Johnson Vision Care Incorporation, Abbott Medical Optics Incorporation, Essilor International, Solotica Lentes de Contato, Alcon Incorporation, Cooper Vision Incorporation, Hoya Corporation and Carl Zeiss AG.
