Ophthalmology Devices Market Worth $9,466.7 Million by 2018 - New Report by MarketsandMarkets
(PRWEB) April 24, 2014 -- The “Ophthalmology Devices Market (Optical Coherence Tomography (OCT) Scanner, Fundus Camera, Tonometer, Pachymeter, Perimeter, Slit Lamp, Excimer, YAG Laser, Femtosecond Laser, IOL, Contact Lens) - Competitive Landscape & Global Forecasts to 2018”, analyzes and studies the major market drivers, restraints, and opportunities in North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
Browse 162 market data tables and 54 figures spread through 370 pages and in-depth TOC on “Ophthalmology Devices Market”
http://www.marketsandmarkets.com/Market-Reports/ophthalmology-devices-market-155637364.html
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The Ophthalmology Devices Market inclusive of diagnostic, monitoring and surgical devices is expected to grow at a CAGR of 6.8% to reach $9,466.7 million by 2018. Whereas, vision care market is anticipated to reach $33,725.3 million by 2018 at a CAGR of 2.9%.
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This report studies the global ophthalmology devices market, with forecast to 2018. The ophthalmology devices market encompasses surgical devices which are used in cases of cataract, glaucoma, refractive errors, and vitreoretinal disorders; diagnostic and monitoring devices; and vision care products. The global ophthalmology devices market has experienced a sink during economic recession in 2008 and 2009, however, is anticipated to grow at a stable rate primarily due to rise in aging population, increase in the occurrence of eye diseases, varying lifestyles, and rising income levels worldwide.
However, the market growth in the U.S. and Europe is repressed due to saturation in developed markets and economic recession. On the other hand, Asian countries like China and India offer an ample amount of expansion opportunities to invest and grow rapidly.
Latest technological developments are amongst the major factors driving the ophthalmology devices market. The demand for ophthalmology diagnostic, surgical and vision care market is boosted primarily by increasing aging population and rise in the prevalence of eye diseases. The rising per capita income has led to changes in lifestyles resulting in the diseases like diabetes and consequently causing diabetic retinopathy. However, economic downturn due to eurozone crisis has been a major restraint for the ophthalmology devices market.
By 2018, North America will continue to dominate the ophthalmology devices market followed by Europe, Asia, and RoW. The U.S. has been in the forefront of the ophthalmology devices market in North America. On the other hand, the Asian market is expected to grow at a higher rate during the period of 2013 - 2018. Several broad trends, rising household incomes, increased government spending on healthcare, lower death rates, consumer health awareness, and the growing occurrence of chronic developed-world diseases linked with changing lifestyles have all driven the demand for healthcare products and services in the Asia-Pacific region.
The prominent players in ophthalmology devices market are Alcon Inc. (Switzerland), Abbott Medical Optics (U.S.), Bausch & Lomb Inc. (U.S.), Carl Zeiss Meditec AG (Germany), Haag Streit (Switzerland), Topcon Corporation (Japan), Johnson & Johnson (U.S.), Essilor International S.A. (France), Nidek Co. Ltd (Japan), and Ziemer Ophthalmic Systems AG (Switzerland).
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