Amid Ukraine-Russia crisis, our analysts and industry experts are closely monitoring the markets and working hard to identify, gather and timely deliver analysis of the impact of the situation and the impact that it has on various markets. All our reports are updated with the latest impact on the market before being sent out to our customers.
The global ophthalmic devices industry is being driven by the increasing ageing population, rising ophthalmic diseases, large investments in R&D, supportive government policies, and increasing awareness of vision impairment and related treatments. The ophthalmic devices industry is divided into surgical devices, diagnostic devices, and vision care devices based on their function. Among these, the surgical devices segment is expected to hold a significant share during the forecast period owing to an increase in the number of surgeries to treat cataract, glaucoma, detached retinas, retinal tears, diabetic retinopathy, and other eye-related problems. On the basis of region, North America is expected to significantly contribute to the growth of the industry with increased investments in ophthalmic devices by people to treat their eyes. Meanwhile, the Asia Pacific is anticipated to witness a healthy growth during the forecast period owing to a growing population and the improving healthcare sector in the region’s developing countries like India and China.
The market participants are adopting strategies to dominate the market and increase their customer base. For instance, in August 2020, Bausch Health Companies Inc. (NYSE: BHC) announced its plan to spin off its eye health business into an independent publicly traded entity named Bausch + Lomb – NewCo. The aim of the spin-off is to increase strategic focus and financial transparency. Such investments by the key market players are expected to aid the market growth in the forecast period.
Market Analysis by Product Function and Region:
Key Findings of the Report:
Key Offerings of the Report:
The major players in the global ophthalmic devices market are Carl Zeiss Meditec AG, Essilor International S.A., Haag-Streit Holding, Hoya Corporation, NIDEK CO., LTD., and Bausch Health Companies Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.