Market Analysis


By 2022, the global ophthalmic device market is likely to continue expanding, according to a Research and Markets report.

Here are Four points:

  • The report expects the market to total $71.9 billion by 2025, increasing at a compound annual growth rate of 4.8 percent.
  • Markets spurring market expansion include a growing elderly population and more diseases.
  • Technological advancements leading to investment opportunities are also driving growth.
  • Key vendors in the market include:

    • Cooper Vision in Pleasanton, Calif.
    • Abbott Medical Optics in Santa Ana, Calif.
    • Alcon in Fort Worth, Texas
    • Bausch & Lomb in Rochester, N.Y.
    • Canon in Tokyo, Japan
    • Carl Zeiss Meditec in Jena, Germany
    • Essilor International in Charenton-le-Pont, France
    • HAAG-Streit Group in Köniz, Switzerland
    • Hoya Corp. in Tokyo, Japan
    • Johnson & Johnson in New Brunswick, N.J.
    • Nidek Co. in Aichi, Japan
    • Novartis in Basel, Switzerland
    • Topcon Corp. in Tokyo, Japan
    • Vision Care in Jacksonville, Fla
    • Ziemer Ophthalmic Systems in Switzerland

In 2008 and 2009, the global ophthalmology market witnessed a dip during the economic decline; however, it is hard to develop at a steady rate because of an expanding populace. The quantity of rates of glaucoma and cataract are expanding each year. Around half populace winding up thoroughly daze because of Cataract and in excess of 70 million individuals experience the ill effects of glaucoma and this number is required to achieve 90 million by 2020. It is evaluated that in the U.S. what's more, Europe, refractive mistakes influence over 40% of the populace matured 40 or more seasoned. Be that as it may, the financial log jam and drying pipeline of ophthalmology drugs is limiting the market.

The eye tranquilizes tools advertise is separated into surgery and diagnostics. The aggregate market is assessed till 2017. This is likewise estimated by plan writes, for example, cases, gels, eye drops, treatment, and eye arrangements. The medications market will develop at a slower rate basically because of the joined impact of loss of patent assurance for a few medications and drying pipeline.

Over everywhere throughout the world, North America is the biggest market for ophthalmology medications and gadgets, trailed by Europe and Asia. Asia-Pacific is an unsaturated market, particularly China and India, and these locales are required to drive the development of the general ophthalmology advertise because of developing familiarity with eye infections and expanding discretionary cash flow.

Overall markets utilizing following geographic/financial classes: US, Western Europe, Japan, Other Wealthy Nations, China, India, Latin America, and Rest of the World. This report incorporates market information for 2017, and gauge showcase execution through 2022.

Over everywhere throughout the world, North America is the biggest market for ophthalmology medications and gadgets, trailed by Europe and Asia. Asia-Pacific is an unsaturated market, particularly China and India, and these locales are required to drive the development of the general ophthalmology advertise because of developing familiarity with eye infections and expanding discretionary cash flow. Overall markets utilizing following geographic/financial classes: US, Western Europe, Japan, Other Wealthy Nations, China, India, Latin America, and Rest of the World. This report incorporates market information for 2017, and gauge showcase execution through 2022.