Global Ophthalmology Devices Market to
Reach Worth USD 45.7 Bn by 2022: Disease Incidence, Awareness and Policies to
Determine the Market Trends
According
to the latest report published by Credence Research, Inc. “Ophthalmology Devices:
Market Growth, Future Prospects and Competitive Analysis, 2016-2022,” the
ophthalmology Devices market was valued at USD29.9Bn in 2015, and is expected
to reach USD45.7Bn by 2022, expanding at a CAGR of 6.2% from 2016 to 2022.
Browse the full report Ophthalmology
Devices: Market Growth, Future Prospects and Competitive Analysis,
2016-2022report at http://www.credenceresearch.com/report/ophthalmology-devices-market
Market Insights
Aging
population worldwide and diabetes prevalence are the major factors that
contribute to the growth of ophthalmology devices market. The global geriatric
population (age 65 and older) is on a perpetual rise and it is anticipated that
in the coming few decades this population pool will reach its peak. The burden
of disease management in such high-risk population group is critical in terms
of skills and management as well as cost.This age group also witnesses the
highest prevalence of eye disorders. Several research activities in the field
of ophthalmology thus intensively focuses on delivering solutions to the
geriatric consumers. Growing awareness, perpetual growth in incidence of eye
conditions and diseases, increasing awareness and rapid approvals will pave way
for the growth of ophthalmic devices market and thus intense market
competition.
Vision
care segment contributes the largest revenue share in the overall ophthalmology
devices market. Incidence of cataract, myopia and hypermethropia is the highest
among all eye disorders and can be easily managed through spectacles and
contact lenses. Moreover, the trade volume of these devices is also the
largestas against other ophthalmology devices. Continuous technological
development is also being witnessed in this segment and the consumers often opt
for frequent upgrading and replacements.
Vision
care segment is followed by surgical devices market. Rapid technological
innovation rendering better safety outcomes surgical procedures, hence the
demand for surgical devices is on a perpetual growth in the global markets.
Moreover, as the healthcare infrastructure of the emerging economies is
undergoing rapid development, regions such as Asia-Pacific, Latin America and
Middle East and Africa are undergoing swift adoption of novel surgical tools
and solutions.
The
global ophthalmology devices market is belligerently competitive with a
multitude of players engaged across various segments. Being a technologically
driven market and in order to maintain and enhance their foothold in the
market, the competitors are investing heavily in research and development
activities. Consolidative moves to mitigate the competition is also being
witnesses in the market.
About Us:
Credence
Research is a worldwide market research and counseling firm that serves driving
organizations, governments, non legislative associations, and not-for-benefits.
We offer our customers some assistance with making enduring enhancements to
their execution and understand their most imperative objectives. Over almost a
century, we’ve manufactured a firm extraordinarily prepared to this task.
Media Contact
Name: Chris Smith (Global Sales
Manager)
Address:
105 N 1st ST #429, SAN JOSE, CA 95103 US
Ph: 1-800-361-8290
No comments:
Post a Comment