Global (China, EU,Japan,India) Ophthalmology Devices Market 2016: Volume, Share,Growth, Analysis and Forecast to 2020

Ophthalmology Devices Global Market

Ophthalmology is a segment of medical science associated with study of anatomy, physiology, diseases of human eye, and developing various therapeutic methods to treat eye diseases. Some of the major eye diseases are either age-related or caused due to chronic disorders. They include various degenerative eye diseases like macular degeneration, cataract, ocular hypertension (glaucoma), and refractive errors among others. Revolution in the field of medical science has led to the rapid development of ophthalmology devices that are invented to effectively treat ocular defects and disorders.

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Ophthalmology devices market is segmented on the basis of products type as diagnostic devices, surgical devices and vision care. Based on the applications the ophthalmology devices market is segmented into cataract, glaucoma, age-related macular degeneration, diabetes retinopathy and others (refractive errors, amblyopia, and strabismus). End-users are segmented into hospitals, academic and research laboratories, and others (private eye clinic and vision care outlets).

The global ophthalmology devices market is expected to grow at a CAGR of around 5.8% from 2015 to 2021. Increasing incidence of degenerative diseases of eyes, increasing baby boomer population, increase in R&D activities in ophthalmology key players and extensive use of high-end technologies involving use of software and computer aided devices and platforms in ophthalmology drives the market of ophthalmology devices market. Lack of ophthalmologists, economic slowdown and saturation of the market in developed countries are the factors hampering the market growth.

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Lifestyle changes owing to increase in ocular cancer, diabetes and macular degeneration patients, early diagnosis and treatment of diseases, advancement of technology with its wide application areas shows that ophthalmology devices market has vast opportunities in the coming years.

North America accounts for the highest market share followed by Europe. Steep rise in ageing population, increase in minimally invasive surgeries and favourable government policies makes U.S. the leader of ophthalmology devices market. However, Asian countries especially India and China’s are the fast growing regions with its growing demand for ophthalmology devices and increasing research investments.

Major players in ophthalmology devices market include Abbott Medical Optics, Inc. (U.S.), Alcon Laboratories, Inc. (U.S.), Bausch & Lomb, Inc.  (U.S.), Carl Zeiss (Germany), Essilor International SA (U.S.), Haag-Streit Holding AG (Switzerland), Hoya Corporation (Japan), Nidek Co. Ltd (Japan), STAAR Surgicals (U.S.) and Topcon Corporation (Japan).

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TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 20

2 INTRODUCTION 27

2.1 KEY TAKE AWAYS 27

2.2 REPORT DESCRIPTION 28

2.3 MARKETS COVERED 29

2.4 STAKEHOLDERS 32

2.5 RESEARCH METHODOLOGY 32

2.5.1 MARKET SIZE ESTIMATION 34

2.5.2 MARKET BREAKDOWN AND DATA TRIANGULATION 36

2.5.3 SECONDARY SOURCES 37

2.5.4 PRIMARY SOURCES 38

2.5.5 KEY DATA POINTS FROM SECONDARY SOURCES 38

2.5.6 KEY DATA POINTS FROM PRIMARY SOURCES 39

2.5.7 ASSUMPTIONS 40

3 MARKET ANALYSIS 41

3.1 INTRODUCTION 41

3.2 MARKET SEGMENTATION 42

3.3 FACTORS INFLUENCING MARKET 44

3.3.1 DRIVERS 45

3.3.1.1 Increasing baby boomer population and incidence of degenerative diseases of eyes 45

3.3.1.2 Increase in r&d activities by ophthalmology key players 45

3.3.1.3 Extensive use of high-end technologies involving use of software and computer aided devices and platforms 46

3.3.1.4 Untapped emerging markets 46

3.3.1.5 Development of minimal invasive surgery 47

3.3.2 RESTRAINTS 47

3.3.2.1 Lack of ophthalmologists 47

3.3.2.2 Economic slowdown and saturation of the market in developed

countries 48

3.3.2.3 Reimbursement cuts 48

3.3.3 THREATS 49

3.3.3.1 Intensified competition 49

3.3.4 CHALLENGES 49

3.3.4.1 Lack of insurance coverage in developing countries and insufficient coverage for iols in developed countries 49

3.3.4.2 Extended timelines of device approval 50

3.4 REGULATORY AFFAIRS 51

3.4.1 U.S. 51

3.4.2 EUROPE 52

3.4.3 CHINA 52

3.4.4 INDIA 53

3.4.5 JAPAN 53

3.5 REIMBURSEMENT SCENARIO 54

3.5.1 REIMBURSEMENT TABLE 55

3.6 PATENT TRENDS 58

3.7 TECHNOLOGICAL ADVANCEMENTS 61

3.8 UPCOMING TECHNOLOGIES 63

3.9 PORTER’S FIVE FORCE ANALYSIS 69

3.9.1 THREAT OF NEW ENTRANTS 70

3.9.2 THREAT OF SUBSTITUTES 70

3.9.3 RIVALRY AMONG EXISTING COMPETITORS 71

3.9.4 BARGAINING POWER OF SUPPLIERS 71

3.9.5 BARGAINING POWER OF BUYERS 71

3.10 MARKET SHARE ANALYSIS BY MAJOR PLAYERS 72

Continued….

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Posted by Vivian Dsena on Thursday December 22 2016, 2:46 AM EDT. All trademarks acknowledged. Filed under Uncategorized. Comments and Trackbacks closed. Follow responses: RSS 2.0