Research Nester has recently announced new market demand assessment research titled “Ophthalmology Equipment Market – Global Demand Analysis & Opportunity Outlook 2021”. The global market study provides a granular data and in-depth analysis on the current and future market situations that are crucial for the existing &new players in the market. The industry research is based on key factors like demand & supply analysis, commercial activities, research investments, pricing analysis, government initiatives & guidelines, driving forces in the market, roadblocks and segmentation based on the product viability.
The global ophthalmology devices market is anticipated to expand from USD 29.4 Billion in 2014 to reach USD 49.0 Billion in 2020, exhibiting a compound annual growth rate (CAGR) of 8.89%. Regionally, the global ophthalmology market is segmented into North America, Latin America, Western and Eastern Europe, Asia-Pacific, Middle East and Africa and Rest of World.
North America holds the first rank in global ophthalmology market at present. The market of ophthalmology devices in the region is projected to swell from USD 11,451.0 Million in 2014 to USD 16, 243 Million by 2020, registering a CAGR of 6.0%. Following North America, Europe is the second largest market for the ophthalmology devices. Europe has many big markets for the devices but Germany is the largest revenue generator in ophthalmology devices followed by Italy and the U.K.
Furthermore, Asia-Pacific is anticipated to witness the highest growth in ophthalmology market during the forecast period i.e. 2015-2021. The market in the region is expected to prosper from increasing cases of eye diseases along with rising government support for development of ophthalmology devices in countries such as China and India. In addition to that expansion of greying population in Japan is also projected to garner the ophthalmology market in Asia over coming 5-6 years.
Rapid expansion of aging population coupled with bolstered ENT medical issues due to change in lifestyles and increasing innovations in ophthalmology devices etc. are few factors to bolster the growth of global ophthalmology market over the forecast period i.e. 2015-2021.
In addition to that, rising government initiatives to improve health infrastructure in developing economies and emphasis on healthcare insurances are expected to drive the global ophthalmology market in future.
Analysis By Devices
- Contact lens
- Optical Coherence Tomography (OCT) Scanner
- Canaloplasty device
- Glaucoma drainage device
- Viscoelastics devices
Global ophthalmology market includes some of the major players such as Novartis, Bausch & Lomb, Nidek Corporation, Carl Zeiss Meditec AG, Hoya Corporation, Merck, Pfizer, Allergan, etc.
- North America (United States / U.S., Canada)
- Latin America (Mexico, Brazil, Rest of Latin America)
- Western and Eastern Europe (Germany, Italy, Spain, France, U.K, Benelux, Hungary, Rest Of Western Europe, Russia, Poland, Rest of Eastern Europe)
- Asia-Pacific (China, India, Singapore, Japan, Australia & New Zealand & Rest of Asia)
- Rest of World
To know more on coverage, click on the link below:-
Phone : U.S. +1 646 586 9123
U.K. +44 203 608 5919