New York, NY -- (SBWIRE) -- 11/28/2017 -- Market Overview

In 2010, as per the World Health Organization (WHO), 285 million are visually impaired people across the globe which included 39 million blind people. Among all eye diseases, nearly 15 million people are affected by cataract out of 39 million blind people in the world. Rising frequency of eye problems across the globe is increasing the demand for effective eye treatments which is eventually accelerating the demand for ophthalmic diagnostic equipments. Health education and logistic supply of medicines in among population of developing nation is expected to bring prospective business opportunities for ophthalmic diagnostic equipments.

As per WHO, reduction in the number of people visually impaired from infectious diseases is observed in past 20 years. Governments are also taking several initiatives and establishing national programmes and regulations for the prevention and control of visual impairment. For instance, China has invested over USD 100 million in cataract surgeries in last 10 years. Brazilians government is providing eye care services for elderly people and for school children. Such initiatives in the prevention of blindness and visual impairment are expected to propel the demand for ophthalmic diagnostic equipments in the near future.

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Key Market Players
- Bausch & Lomb
o Synopsis
o Business Strategy
o Product Portfolio
o SWOT Analysis
- Topcon
- Carl Zeiss Meditec
- Nidek Co. Ltd
- Halma plc
- Abbott Medical Optics, Inc.
- Alcon, Inc.
- Optos
- Haag-Streit
- Reichert
- Optovue

Rising awareness about the need for early detection of refractive errors amongst physicians is fuelling the demand for ophthalmic diagnostic equipments in Asia-Pacific region. Asia-Pacific ophthalmic diagnostic equipment market is projected to expand at notable pace mainly due to large population base in countries such as China and India. India is home for approximately 30 percent of the world's blind population which is creating a huge necessity for ophthalmic care in the region.

Around 40% of blind cases in Africa are caused due to cataract. More than 60% of the populations in Africa are suffering from visual impairment and blindness as they do not wear glasses. Low income of the nation and lack of medical facilities in Africa and Latin America is hindering the growth of ophthalmic diagnostic equipment market in the region.

Market Drivers and Challenge
Participation of public in health discussion and making favorable decision is increasing awareness amongst consumers about the early detection of visual impairments and refractive errors. Growing health awareness, less painful treatment and quicker eye surgery are key factors accelerating the growth of ophthalmic diagnostic equipment market.

One of the biggest challenges for the growth of ophthalmic diagnostic device is their longevity. Ophthalmic device are likely to be replaced if any new device or technology is introduced into the market. This is restraining the adoption of advance ophthalmic devices in developing nations. High initial cost, lack of awareness and availability of advance technologies mainly in tropical countries are also hindering the growth of ophthalmic diagnostic equipment market.
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