Ophthalmic Instrumentation Market to Reach $2.5 Billion by 2012, According to New Report by Global Industry Analysts, Inc.

Given the rise in age-related eye disorders combined with growing incidence of vision impairment, the world market for ophthalmic instrumentation is forecast to reach about $2.5 billion by 2012.

San Jose, CA (PRWEB) November 11, 2008 -- In addition to ageing demographics and higher incidence of vision disorders, key factors underpinning demand for ophthalmic instrumentation include development of innovative technologies and procedures, especially in vision correction surgery, growing recognition of laser surgery, and the trend towards permanent visual correction. The surgical vision correction market is set to change with continuing acceptance of customized ablation, wavefront analysis technology, and Intralase technology. Treatment of cataracts is one of the most important segments of the ophthalmic surgical devices (http://www.strategyr.com/Ophthalmic_Instrumentation_Market_Report.asp) market. Extraction of cataract and IOL implantation is one of the most widely performed procedures in the western world.

World ophthalmic instrumentation (http://www.strategyr.com/Ophthalmic_Instrumentation_Market_Report.asp) market is set to cross the US$2.5 billion mark by the year 2012, as stated by Global Industry Analysts, Inc. United States is by far, the largest market with an estimated share of over 46%. The market is projected to reach a value of US$1.25 billion in 2015. Europe follows at a distant second with a market valued at US$604 million in 2008 while Japan is ranked third. The market for ophthalmic diagnostic devices (http://www.strategyr.com/Ophthalmic_Instrumentation_Market_Report.asp) is poised to register robust growth, reaching a value of about US$1.12 billion in 2010. Due to the underdeveloped nature of the market as well as low levels of penetration, Asia, Latin America and Middle East are relatively small-sized markets. However, growing affluence and access to high-end healthcare will drive growth in these economies.

The global market for ophthalmic instrumentation is dominated by well-known participants such as Alcon Laboratories, Advanced Medical Optics, Bausch & Lomb, Carl Zeiss Meditec AG, Ellex Medical Lasers, Iridex Corp, Lumenis Ltd, Nidek Co Ltd, and Topcon Corporation. Consolidation in the eye care and vision correction industry highlights the trend towards vertical and horizontal integration at manufacturing, distribution, and managed care levels. One of the major factors driving consolidation trend is mounting price competitiveness.

The report titled "Ophthalmic Instrumentation: A Global Strategic Business Report" published by Global Industry Analysts, Inc., covers major market dynamics, trends, issues, and competition pertaining to the market. The report enumerates recent technological innovations, product introductions/developments, mergers, acquisitions and other strategic industry activities. The study analyzes the market across two major product segments, namely Diagnostic Devices (Ophthalmoscopes, Lens Meters, Corneal Topography Systems, Slit Lamps, Diagnostic Imaging Systems, Tonometers, Refractors, Perimeters, Fundus Cameras and Diagnostic Ultrasound Equipment), and Surgical Products (Ophthalmic Lasers and Ophthalmic Surgical Microscope). Analysis is presented for established and emerging markets including United States, Japan, France, Germany, United Kingdom, Italy, Spain, Asia-Pacific, and Latin America.

For more details of this research report, please visit http://www.strategyr.com/Ophthalmic_Instrumentation_Market_Report.asp

About Global Industry Analysts, Inc.

Global Industry Analysts, Inc., (GIA) (http://www.StrategyR.com/) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

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