The global ophthalmic surgical devices market size stood at USD 8.79 billion in 2018 and is projected to reach USD 12.75 billion by 2026, exhibiting a CAGR of 4.8% during the forecast period.
The Ophthalmic Surgical Devices Market report contains detailed information on factors influencing demand, growth, opportunities, challenges, and restraints. It provides detailed information about the structure and prospects for global and regional industries. In addition, the report includes data on research & development, new product launches, product responses from the global and local markets by leading players. The structured analysis offers a graphical representation and a diagrammatic breakdown of the The Ophthalmic Surgical Devices Market by region.
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Rising prevalence of cataract and glaucoma globally is significantly projected to drive the ophthalmic surgical equipment market growth during the forecast period. For example, according to recent estimates by the World Health Organization (WHO), around 20 million people across the globe suffer from cataract. Additionally, in a report published by the National Ophthalmology Database (U.K) in 2017 estimates that there are currently half a million people suffering from glaucoma. High prevalence of these ocular disorders is generating significant opportunities in the field of ophthalmic surgeries, which will eventually bolster the growth of this market over the forecast years. Additionally, increasing awareness and accessibility to ophthalmic devices and ophthalmic surgical instruments combined with developing healthcare infrastructure in emerging nations are projected to drive the ophthalmic surgical devices market trends. Awareness regarding advanced ophthalmic diagnostic devices and surgical equipment is also increasing, leading to a higher awareness and incidence rate of ocular diseases.
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Pre-Post COVID-19 Impact on Global Ophthalmic Surgical Devices Market
COVID-19 is an infectious disease caused by the most recently discovered novel corona virus. Largely unknown before the outbreak began in Wuhan (China) in December 2019, COVID-19 has moved from a regional crisis to a global pandemic in just a matter of a few weeks.
In addition, production and supply chain delays were also witnessed during the second quarter which poised a challenge to the Ophthalmic Surgical Devices Market, since end-user industries were still not operating at their full capacity.
Who are the Major Ophthalmic Surgical Devices Market Vendors?
- Alcon (Part of Novartis AG)
- Johnson and Johnson Services, Inc.
- ZEISS International
- Bausch & Lomb Incorporated
- STAAR SURGICAL
- Hoya Corporation
- New World Medical, Inc
- Oertli Instrumente AG
- Other Prominent Players
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This research study made extensive use of secondary sources, directories, and databases such as Hoover’s, Bloomberg BusinessWeek, Factiva, and OneSource to identify and collect information useful for a technical, market-oriented, and commercial study of the global market. Other secondary sources included company annual reports, press releases, and investor presentations, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.
Various sources from both the supply and demand sides were interviewed during the primary research process to obtain qualitative and quantitative information for this report. Primary sources included industry experts from the core and related industries, as well as preferred suppliers, manufacturers, distributors, technology developers, researchers, and organizations from all segments of the value chain of this industry. To obtain and verify critical qualitative and quantitative information, in-depth interviews were conducted with a variety of primary respondents, including key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants.
Estimation of Market Size
The total size of the Ophthalmic Surgical Devices Market was estimated and validated using both top-down and bottom-up approaches. These methods were also widely used to estimate the size of various market sub segments. The following research methodologies were used to estimate market size:
Extensive secondary research was used to identify the industry’s key players.
The revenues generated by the market’s leading players in molecular diagnostics have been determined through primary and secondary research.
All percentage shares, splits, and breakdowns were calculated using secondary sources and confirmed using primary sources.
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|North America||United States, Canada and Mexico|
|Europe||Germany, UK, France, Italy, Russia and Turkey etc.|
|Asia-Pacific||China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam etc.|
|South America||Brazil, Argentina, Columbia etc.|
|Middle East & Africa||Saudi Arabia, UAE, Egypt, Nigeria and South Africa|
- How big is the Ophthalmic Surgical Devices Market?
- What is Ophthalmic Surgical Devices Market?
- Who is the market leader in Ophthalmic Surgical Devices Market?
- Who are the major players in Ophthalmic Surgical Devices Market?
- What is the future of Ophthalmic Surgical Devices Market?
- What are the fastest growing industries?
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