Rapid developments in the field of ophthalmology has ensured introduction of efficient diagnosis and treatment methodologies that has rendered enhanced patient outcomes. The ophthalmology diagnostics and surgical devices market is experiencing an impressive growth globally majorly due to tremendous increase in demand for novel diagnostic technological platforms and efficient treatment methodologies. Ophthalmology sector being an integral part of healthcare sector has witnessed huge growth in terms of scope as well as adoption by patient population owing to rapid technological advances.
Owing to the increasing acceptance of minimally invasive surgical procedures and introduction of robust diagnostic platforms will further accelerate the growth and adoption of several ophthalmology diagnostics and surgical devices in near future. Improved cataract surgery techniques (implantable intraocular lenses), technologically upgraded diagnostic platforms and introduction of retinal implants constitute some of the technological breakthroughs that will further enhance the growth of the market.
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Also, there are additional developments expected to revolutionize the scope of market growth such as development of hand held device capable of early detection of glaucoma and macular degeneration and drug eluting contact lenses. Hence all these aforementioned factors authenticate impressive growth and acceptance of various ophthalmology diagnostics and surgical devices. The speedy growth of the overall medical device industry is considered to be a major driving force for the growth of the ophthalmology diagnostics and surgical devices market.
The report analyzes the global market for ophthalmology diagnostics and surgical devices market by three major segments namely, by product type, by applications and by geography. The product type segment has been further categorized into various types of diagnostic and surgical devices along with vision care products. While, the diagnostic devices market has been further classified into fourteen major devices namely, autorefractometers, slit lamps, tonometers, ophthalmoscopes, fundus cameras, fluorescein angiography, optical coherence tomography (OCT) systems, Echography systems, Keratometers, Gonioscopes, Pachymeters, perimeters, corneal topographers and specular microscopes. In addition, the surgery devices market has been further analyzed by four major types of surgeries namely, cataract, refractive, glaucoma and vitreoretinal surgery devices. The vision care sub-segment covers the analysis of contact and spectacle lenses.
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All the above mentioned segments are analyzed on the basis of market size in terms of USD million and their forecasts for the period 2013 to 2019 have also been provided. The CAGR (%) for each market segment has been estimated for the forecast period 2013 to 2019, considering 2012 as the base year.
The application market describes the three major application areas of ophthalmology devices namely diagnosis, surgery and vision care. Timely diagnosis of several ocular ailments will help ophthalmologists to recommend appropriate treatment regimen.
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On the basis of geography, ophthalmology diagnostics and surgical devices market has been classified into four major geographic regions namely North America, Europe, Asia-Pacific and Rest of the World (RoW). Market sizes, forecasts and % CAGR for the above mentioned segments have been provided. A detailed qualitative analysis of the factors responsible for driving and restraining the growth of the ophthalmology diagnostics and surgical devices market and future opportunities has been described in the market overview section of the report. A PESTLE analysis has also been considered while estimating the market for individual geographies in order to provide current as well as future status.
Several other analytical perspectives such as Porter’s Five Forces Analysis and market attractiveness have been described in order to give a thorough analysis of the market. The competitive landscape section of the report includes market share analysis of the major players operating in the ophthalmology diagnostics and surgical devices market for the year 2012. Some of the major players profiled in this report include Alcon Laboratories (Novartis), Topcon Corporation, Abbott Medical Optics and others. Also, a list of recommendations for existing as well as new entrants has also been discussed in the study which would help in decision making.