Ophthalmology Devices Market (Optical Coherence Tomography (OCT) Scanner, Fundus Camera, Tonometer, Pachymeter, Perimeter, Slit Lamp, Excimer, YAG Laser, Femtosecond Laser, IOL, Contact Lens) - Competitive Landscape & Global Forecasts to 2018
Dallas, TX -- (SBWIRE) -- 10/08/2014 -- The “Ophthalmology Devices Market (Optical Coherence Tomography (OCT) Scanner, Fundus Camera, Tonometer, Pachymeter, Perimeter, Slit Lamp, Excimer, YAG Laser, Femtosecond Laser, IOL, Contact Lens) - Competitive Landscape & Global Forecasts to 2018”, analyzes and studies the major market drivers, restraints, and opportunities in North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
The ophthalmology devices market research report studies and analyzes the market by types. The market is categorized into diagnostic and monitoring devices, surgical devices, and vision care products. The market inclusive of diagnostic, monitoring and surgical devices is expected to grow at a CAGR of 6.8% to reach $9,466.7 million by 2018. Whereas, vision care market is anticipated to reach $33,725.3 million by 2018 at a CAGR of 2.9%
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The market is propelled by an increase in aging population which boosts the prevalence of eye diseases amongst the people. The latest advancements in ophthalmology devices like mydriatic and non mydriatic fundus cameras, phocoemulsification devices, femtosecond lasers to name a few have given a thrust to the demand for ophthalmology devices across the globe. However, economic slowdown due to eurozone crisis has led to delayed payments by hospitals to ophthalmology device manufacturers which has adversely affected the manufacturers. Moreover, the U.S. medical device industry has been adversely affected by reimbursement issues, thus hampering the growth of the market.
North America contributes the largest share to market followed by Europe, Asia-Pacific, and Rest of the World. Developed regions like North America and Europe are expected to grow at a lower CAGR due to saturation in these regions. The APAC region is expected to grow at the fastest pace during the forecast period from 2013 to 2018 owing to a rapid growth in the developing healthcare industry in China and India.
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The prominent players in Ophthalmology Devices Market are Alcon Inc. (Switzerland), Abbott Medical Optics (U.S.), Bausch & Lomb Inc. (U.S.), Carl Zeiss Meditec AG (Germany), Haag Streit (Switzerland), Topcon Corporation (Japan), Johnson & Johnson (U.S.), Essilor International S.A. (France), Nidek Co. Ltd (Japan), and Ziemer Ophthalmic Systems AG (Switzerland).
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