, May 31, 2017 ) Market Data Forecast recently published a report on the North America Ophthalmic devices Market
which estimates the market to grow from USD 11.26 billion from 2016 to USD 14.93 billion with a high CAGR of 5.8%.
Ophthalmic device are devices used for eye surgeries, vision care and diagnosis. An Ophthalmic vicosurgical device is a viscoelastic solution that is used in the eye during the surgeries.
To give an idea in depth, Ophthalmology is that branch of science which studies the structural procedures of an eye. Ophthalmic devices are mainly used for treatment of various eye conditions and infections. These devices are very essential as they reduce the treatment time and offer a high care and protection to the eye of the patients as they make eye treatment procedures more convenient for patients and also ophthalmologists. . Internationally, most of the industrialized nations are spending a huge part of their GDP on healthcare necessities.
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The DROC Analysis contains some of the factors that have major effects on the market dynamics be it positive or negative. Few factors analysed in the section are increasing geriatric population, rise in cognizance for prompt diagnosis, rising number of diagnostic imaging techniques, improving healthcare infrastructure in developing markets and high cost of exported devices.
The market is segmented based on product type, devices and end user and studied for a deep-level understanding of the ophthalmic devices market. Each sub segment is accompanied with Market Size Estimations and Y-o-Y Forecasts as well.
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Based on Product Type:
• Surgical Devices
• Monitoring and diagnostic devices
• vision care
Based on Devices:
• Glaucoma surgical devices
• Ophthalmic Lasers
• Cataract surgical devices
• Iris retractors
• lens clearing and disinfectant solutions
Based on End-users:
• Eye care Clinics
• Research Institutes
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North American Market is studied in geographic perspective by segregating the market shares between USA and Canada. The study identifies USA as the predominant market in the North American region and it holds well in the Global Market as well.
As per the report, companies like Alcon Inc., Essilor International S.A., Johnson & Johnson, Abbott Medical Optics Inc., Bausch & Lomb, Inc., Haag-Streit AG and Topcon Corporation are contributing a fair share to the North American Ophthalmic Devices Market. However, due to advancements in the technology and improvements being made in healthcare facilities there is an intense competition among the players in the market.
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Scope of the North America Ophthalmic Devices Market:
• Regional and country-level analysis that provides an innate perspective of USA and Canada Market to that of the North American region
• To detect major focus areas of industrial growth Segment-level analysis on basis of product type, devices, end-user along with market size forecasts and y-o-y estimations are provided
• Detailed explanation of major drivers, restraints, opportunities, and challenges (DROC) that affect the market and impact the ever-shifting market dynamics
• PESTLE and Porter’s Five Forces Analyses that examine the macro & micro environmental factors such as political influence, technological prowess, industry rivalry to name a few.
• An extensive listing of major market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and analyst overview to study and sustain the market environment
• mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies all rolled out into Competitive landscape
• Expertly devised Market Outlook comprising the Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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