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Published Date: 2017-10-19Number of Pages: 170

Ophthalmic Surgical Technologies Market (Type - Femtosecond Systems, Excimer Laser Systems, YAG Laser Systems, Phacoemulsification Systems; Surgery Type - Cataract Surgery, Refractive Surgery, Glaucoma Surgery, Retinal Surgery; End Use - Hospitals, Eye Care Centers, ASCs) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2022

Global Ophthalmic Surgical Technologies Market: Snapshot

The global ophthalmic surgical technologies market is a growing market thanks to the rising investment flooding into the healthcare sector at present. The ophthalmic surgical technologies market has exhibited rapid growth in the recent past and is likely to continue a steady growth trajectory in the coming years on the back of a favorable financial and regulatory situation. The increasing funding in the healthcare sector has enabled steady product development in the global ophthalmic surgical technologies market, which has further led to improved growth prospects for the market in the near future. The ophthalmic surgical technologies market has thus emerged as a promising market for players across the economic spectrum, with the leading players likely to enjoy steady growth in revenue in the coming years.

The global ophthalmic surgical technologies market is likely to grow to a valuation of US$1,290.5 mn by 2022, exhibiting a 5.8% CAGR in its rise from its 2017 valuation of US$973.4 mn.

ophthalmic surgical technologies market

 

Femtosecond Systems Likely to Dominate Ophthalmic Surgical Technologies Market

By product type, the global ophthalmic surgical technologies market is segmented into femtosecond systems, excimer laser systems, YAG laser systems, phacoemulsification systems, and others. Of these, femtosecond systems are likely to dominate demand from the global ophthalmic surgical technologies market in the coming years. Femtosecond systems held a total valuation of US$286 mn in 2017, representing 27.3% of the global ophthalmic surgical technologies market. Exhibiting a 5.2% CAGR, the femtosecond systems segment is likely to rise to US$369.3 mn by 2022.

North America to Dominate Geographical Classification of Ophthalmic Surgical Technologies Market

Geographically, North America is likely to be the leading contributor to the global ophthalmic surgical technologies market in the coming years. The North America ophthalmic surgical technologies market is likely to grow from US$372.6 mn to US$501.4 mn over the 2017-2022 forecast period. The market’s robust 6.1% CAGR over the 2017-2022 forecast period is aided by the strongly favorable economic and regulatory framework in place in the healthcare sector in countries such as the U.S. and Canada and is likely to enable sustained dominance of North America in the global ophthalmic surgical technologies market in the coming years.

By end use, hospitals and eye care centers are likely to remain the leading category of the global ophthalmic surgical technologies market in the coming years, dominating ASCs due to the increasing awareness about the importance of eye care.

APEJ to Exhibit Steady Growth, Europe’s Share to Decline

Europe and Asia Pacific except Japan (APEJ) are likely to remain leading contributors to the global ophthalmic surgical technologies market in the coming years, though the two are expected to face contrasting fortunes. The Europe market for ophthalmic surgical technologies is likely to rise to US$372.6 mn by 2022, but will likely suffer from a drop in its market share due to its projected 5.5% CAGR over the 2017-2022 forecast period. The APEJ market for ophthalmic surgical technologies, on the other hand, is likely to exhibit a strong 6% over the 2017-2022 forecast period to emerge with a valuation of US$193 mn.

Japan is also likely to remain a key contributor to the global ophthalmic surgical technologies market in the coming years, and is expected to exhibit a strong 5.7% CAGR in the 2017-2022 forecast period to emerge with a valuation of US$112 mn.

Competitive Dynamics

Leading companies in the global ophthalmic surgical technologies market include Hoya Corporation, Johnson and Johnson, Topcon Corporation, Essilor, Nidek, STAAR Surgical, Alcon Laboratories, Bausch & Lomb Inc., and Carl Zeiss Meditek AG.

Global Ophthalmic Surgical Technologies Market: Overview

The global ophthalmic surgical technologies market report provides a clear picture of the comprehensive dynamics of the market. The ophthalmic surgical technologies market is assessed in the report with the help of a solid database of historical figures illustrating the market’s growth and the use of reliable industry-standard analytical techniques. The 2012-2017 trajectory of the global ophthalmic surgical technologies market is tracked in the report with precision to understand the key factors affecting the market and the major turning points in the market likely to determine its growth path in the coming years.

According to Transparency Market Research, the global ophthalmic surgical technologies market is expected to reach a valuation of US$1,290.5 mn by 2022, expanding at a solid 5.8% CAGR upon its 2017 valuation of US$973.4 mn.

Global Ophthalmic Surgical Technologies Market: Dynamics

The major drivers and restraints affecting the growth trajectory of the global ophthalmic surgical technologies market are described in detail in the report. The ophthalmic surgical technologies market has emerged as an important part of the eye care sector in recent years and is thus likely to drive investment at a steady rate in the coming years. The quantitative effect of the drivers and restraints on the global ophthalmic surgical technologies market is studied in the report while its effects on the various parts of the ophthalmic surgical technologies market are described in detail. The comprehensive review of the major factors affecting the global ophthalmic surgical technologies provided in the report gives readers a clear picture of which trends to go with and which to avoid in the coming years.

Global Ophthalmic Surgical Technologies Market: Segmentation

The segmentation of the global ophthalmic surgical technologies market is studied in detail in the report to familiarize readers with the granular structure of the market. Leading segments of the ophthalmic surgical technologies market by each criterion are assessed in the report on the basis of their 2012-2017 growth trajectory and reliable forecasts are provided for their growth prospects in the 2017-2022 forecast period. This provides readers with a clear idea of which segments are likely to top the charts in the global ophthalmic surgical technologies market in the coming years, representing the best areas to invest in.

By product type, the report studies the performance of femtosecond systems, excimer laser systems, YAG laser systems, phacoemulsification systems, and others. By end user, the report segments the global ophthalmic surgical technologies market into hospitals, eye care centers, and ASCs. On the basis of surgery type, the ophthalmic surgical technologies market is segmented into cataract surgery, refractive surgery, glaucoma surgery, retinal surgery, and others. Geographically, the ophthalmic surgical technologies market is segmented into North America, Latin America, Europe, Asia Pacific except Japan, Japan, and the Middle East and Africa.

Global Ophthalmic Surgical Technologies Market: Competitive Dynamics

Leading companies in the global ophthalmic surgical technologies market include Hoya Corporation, Johnson and Johnson, Topcon Corporation, Essilor, Nidek, STAAR Surgical, Alcon Laboratories, Bausch & Lomb Inc., and Carl Zeiss Meditek AG. The report profiles the leading players in the market to better understand the dynamics that rule the development of the global ophthalmic surgical technologies market. The successful strategies employed by companies in the ophthalmic surgical technologies can be understood with the help of this analysis. The report provides information about the product catalog and geographical presence of the key companies in the global ophthalmic surgical technologies market.


 
 
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