Global Ophthalmic Devices Technologies and Markets 2023: Technological Advancements and Increasing Government Initiatives Drive Growth - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Ophthalmic Devices: Technologies and Global Markets" report has been added to ResearchAndMarkets.com's offering.

In recent years there have been significant advances in the development of ophthalmic devices and surgical procedures that have helped to improve diagnosis and treatment of a broad range of ophthalmic conditions, including cataracts, glaucoma, refractory and retinal disorders.

The growth is being driven by the launch of new biocompatible materials, improvements in clinical optics and the launch of high-end surgical devices.

Advancements in cataract and refractory surgery devices have also resulted in the improved safety and efficacy of routine procedures, helping to improve surgical outcomes, reduce perioperative morbidity and increase the number of patients willing to undergo surgery.

The global ophthalmology device market is being driven by patient demographics such as the rising incidence of diabetes and obesity and the increasing geriatric population, which is increasing the number of patients with conditions such as age-related macular degeneration, cataracts, diabetic retinopathy and glaucoma, and helping to expand the addressable patient population in need of ophthalmic devices.

In addition, market growth is being aided by growing awareness and early detection and monitoring of ocular disease, the rise in adoption of minimally invasive surgeries in Asia-Pacific, greater healthcare insurance coverage in Europe and positive reimbursement of ocular devices and surgical procedures in the United States.

The market is dominated by a few players: EssilorLuxottica, Alcon, Bausch & Lomb, Carl Zeiss Meditec, CooperVision, Johnson & Johnson, Nidek, Topcon Corp. and Hoya Vision Care. Innovative new companies such as EyeKon Medical, Glaukos Corp.,Optos and others, are gradually making headway in the market. Within the market, EssilorLuxottica is the dominant player.

Growth in this market has been driven by the innovations in eyeglasses and biocompatible materials encompassing silicone hydrogels, hydrogels and newly emerging hybrid materials, all of which are designed to improve contact lens safety and comfort.

Report Includes

• 50 data tables and 13 additional tables
• A detailed overview and up-to-date analysis of the global markets for ophthalmic devices and related technologies
• Analyses of the global and regional market trends, with data for 2019-2022, and projections of compound annual growth rates (CAGRs) through 2027
• Discussion of the industry growth driving factors and challenges that will shape the market for ophthalmic devices as a basis for projecting demand over the next few years (2022-2027)
• Estimation of the actual market size and revenue forecast for global ophthalmic devices market in USD millions, and corresponding market share analysis by technology type, application, and region
• Analysis of the recent advances in contact lenses, cataract surgery, implantation ophthalmic devices, and complex medical surgeries; and their potential impact on diagnosis of prevalent eye conditions and improved healthcare solutions
• In-depth information (facts and figures) concerning major market dynamics, technology updates, latest developments, industry regulations, and other macroeconomic forces affecting the present and future market outlook
• Assessment of the recent industry structure, ongoing research activities, analysis of competitive environment, and COVID-19 effects on the ophthalmic devices market ecosystem
• Patent review and analysis of patent grants on ophthalmic device technologies
• Identification of the major stakeholders and analysis of the competitive landscape based on recent developments and segmental revenues

Market Dynamics

Drivers

• Aging Population with Growing Eye Care Needs
• Technological Advancements
• Increasing Government Initiatives
• Increasing Wealth and Growth from Emerging Economics
• Increasing Prevalence of Vision Impairment

Barriers

• High Cost and Risk Associated with Eye Surgery
• Lack of Skilled Professionals
• Accessibility, Acceptability

Opportunities

• Growing Aging Population and Rising Demand for Vision Care
• Use of Mobile-Based and Artificial Intelligence Technologies

Company Profiles

• Alcon
• Bausch + Lomb Inc.
• Bio-Tissue Inc.
• Coopervision
• Dutch Ophthalmic Research Center International Bv
• Ellex Medical Lasers
• Essilorluxottica
• Eyenuk Inc.
• Glaukos
• Heidelberg Engineering Gmbh
• Hoya Corp.
• Ioptima Ltd.
• Iridex Corp.
• Johnson & Johnson
• Lenstec Inc.
• Lumenis
• Nidek Co. Ltd.
• Oasis Medical Inc.
• Quantel Medical
• Sav-Iol Sa
• Shanghai Haohai Biological Technology Co. Ltd.
• Sight Sciences Inc.
• Softcare Solution Inc.
• Staar Surgical
• Tearscience Inc.
• Topcon
• Vasoptic Medical Inc.
• Zeiss Group
• Ziemer Ophthalmic Systems Ag

For more information about this report visit https://www.researchandmarkets.com/r/g6jub5

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