Ophthalmic Surgical Technologies Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015-2020 and Forecast 2021-2027

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Ophthalmic Surgical Technologies Market By Product Type (Excimer Laser Systems, Femtosecond System, Phacoemulsification Systems, YAG Laser Systems, Others), By Indication (Refractive Surgery, Retinal Surgery, Cataract Surgery, Glaucoma Surgery, Others), By End-User (Hospitals, Ambulatory Surgical Centers, Eye Care Centers), and Geography

 

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Report

Description

The global ophthalmic surgical technologies market size USD 982.2 million and expected to reach USD 1,380.2 million by 2027, at a CAGR of 5.92% during the forecast period 2021-2027. Ophthalmic surgery or ocular surgery is performed on eye or its adnexa. Most common eye disorders are glaucoma, cataract, and diabetic retinopathy. Ophthalmic Surgical Technologies Market are carried by various technologies such as femtosecond system, excimer laser systems, and laser ophthalmic surgical systems among others. Global ophthalmic surgical technologies market is poised to grow at a significant CAGR owing to increase in the prevalence of ophthalmic diseases. According to World Health Organization 2017, approximately 253 Mn people are living with vision impairment, 36 Mn are blind, and 217 Mn are suffering from moderate to severe impairment. Moreover, development of newer technologies with minimally invasive surgical procedures expected to upsurge the revenue of ophthalmic surgical technologies market. For instance, in November 2015, Alcon, a division of Novartis, introduced Contoura Vision, a latest advancement in wavelight refractive portfolio to treat nearsightedness or nearsightedness with astigmatism in patients by using laser procedure. Moreover, market players acquiring the competitors business to strengthen their market position. For instance, in September 2016, Johnson & Johnson acquired Abbott Medical Optics business segment including laser refractive surgery, cataract surgery, and consumer eye health.

Ophthalmic Surgical Technologies Market

MARKET SUMMARY
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5.92% CAGR
  • Study Period– 2021 – 2027
  • Base Year– 2020
  • CAGR– 5.92%
  • Largest Market– North America
  • Fastest Growing Market– Asia-Pacific

Ophthalmic Surgical Technologies Market

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  • occlusion systems market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
Key Players
  • Topcon Corporation
  • Alcon Laboratories, Inc.
  • Johnson and Johnson Vision Care, Inc.
  • Carl Zeiss Meditek AG
  • Bausch & Lomb Inc.
  • STAAR Surgical
Ophthalmic Surgical Technologies Market

Drivers And Restraints

Increase in the prevalence of eye diseases, rise in demand for minimally invasive surgical procedures, innovation of newer technologies for ophthalmic surgeries, and rise in geriatric population are anticipated to fuel the ophthalmic surgical technologies market over the forecast years. Moreover, government initiations to prevent the blindness, untapped market in developing countries, and sophisticated healthcare infrastructure in developed countries are anticipated to boost the ophthalmic surgical technologies market. However, high cost of surgical procedures, complication with laser surgeries, availability of alternatives for retinal surgeries, and lack of skilled professionals may restrain the growth of the market over the forecast period.


North-America got significant share

Ophthalmic Surgical Technologies Market

Geographically, ophthalmic surgical technologies market segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America ophthalmic surgical technologies market accounted for significant share due to increase in the incidence of cataract and glaucoma surgeries in U.S. Europe ophthalmic surgical technologies market exhibiting lucrative growth rate owing to adoption of newer technologies and increase in the prevalence of visual impairment. Asia Pacific ophthalmic surgical technologies market has a notable share due to increase in geriatric population in India, Japan, and China, rise in medical tourism due to low cost of treatment, and development in healthcare infrastructure. Latin America ophthalmic surgical technologies market is growing due to rise in prevalence of glaucoma surgeries, adoption of newer surgical procedures, and launching of newer products by market players in the region.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Notable Market Developments

  • In October 2017, Zeiss introduced new technologies for advancing ophthalmic care include new all-in-one Opmi Lumera 700 surgical microscope, next-generation EDoF IOL, and Clarus 500 ultra-widefield imaging

Key

Key Features of the Report

Ophthalmic Surgical Technologies Market Segmentation


Location

GEOGRAPHY


Report

Table Of Content


Report

Company Profile

  • Topcon Corporation (Japan)
  • Alcon Laboratories, Inc. (Novartis AG) (U.S.)
  • Johnson and Johnson Vision Care, Inc. (U.S.)
  • Carl Zeiss Meditek AG (Germany)
  • Bausch & Lomb Inc. (U.S.)
  • STAAR Surgical (U.S.)
  • Essilor (France)
  • Hoya Corporation (Japan)
  • Nidek Co., Ltd. (Japan)
  • Lumenis (Israel)

Description

The global ophthalmic surgical technologies market size USD 982.2 million and expected to reach USD 1,380.2 million by 2027, at a CAGR of 5.92% during the forecast period 2021-2027. Ophthalmic surgery or ocular surgery is performed on eye or its adnexa. Most common eye disorders are glaucoma, cataract, and diabetic retinopathy. Ophthalmic Surgical Technologies Market are carried by various technologies such as femtosecond system, excimer laser systems, and laser ophthalmic surgical systems among others. Global ophthalmic surgical technologies market is poised to grow at a significant CAGR owing to increase in the prevalence of ophthalmic diseases. According to World Health Organization 2017, approximately 253 Mn people are living with vision impairment, 36 Mn are blind, and 217 Mn are suffering from moderate to severe impairment. Moreover, development of newer technologies with minimally invasive surgical procedures expected to upsurge the revenue of ophthalmic surgical technologies market. For instance, in November 2015, Alcon, a division of Novartis, introduced Contoura Vision, a latest advancement in wavelight refractive portfolio to treat nearsightedness or nearsightedness with astigmatism in patients by using laser procedure. Moreover, market players acquiring the competitors business to strengthen their market position. For instance, in September 2016, Johnson & Johnson acquired Abbott Medical Optics business segment including laser refractive surgery, cataract surgery, and consumer eye health.

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