The global market for ophthalmic surgical technologies is a highly competitive in nature with a large number of players operating in it across the globe, states a new market intelligence report by Transparency Market Research. The key players operating in the market across the globe are Bausch & Lomb Inc., Essilor, Johnson and Johnson, Hoya Corporation, Carl Zeiss Meditek AG., STAAR Surgical, Topcon Corporation, Alcon Laboratories, and Nidek. The rapid development of the healthcare segment and the technological advancements in this field are the major factors that are enhancing the growth of the market and generate potential growth opportunities for the market players across the globe. In addition to this, the rising number of strategic collaborations and mergers and acquisitions is predicted to enhance the growth of the overall market in the coming few years.
As per the market research study by Transparency Market Research, in 2017, the global market for ophthalmic surgical was worth US$973.4 mn and is estimated to reach a value of US$1,290.5 mn by the end of 2022. The market is projected to register a healthy 5.80% CAGR between 2017 and 2022.
Asia Pacific and Europe to Witness High Growth in Coming Years
The global ophthalmic surgical technologies market has been divided on the basis of geography into North America, Latin America, Asia Pacific, the Middle East and Africa, and Europe. Among these mentioned segments, North America is estimated to witness a strong growth in the next few years, thanks to the presence of several key players that are operating in this region. This region is likely to maintain its dominance in the next few years. Furthermore, Asia Pacific and Europe are projected to hold a significant share of the overall market in the next few years. The growing investments in the healthcare sector and the rising focus on the research and development activities are projected to encourage the growth of these two regions in the next few years.
The global market for ophthalmic surgical technologies has been categorized on the basis of product types into excimer laser systems, femtosecond systems, YAG laser systems, phacoemulsification systems, and others. Among these, the femtosecond systems segment led the global market and is projected to remain in the leading position in the next few years. As per the research study, this segment is predicted to hold a share of around 27.3% of the global market and further register a 5.20% CAGR between 2017 and 2022.
Technological Developments in Healthcare Sector to Encourage Market Growth
The rising geriatric population around the world and the high growth of the healthcare sector are some of the key factors that are projected to encourage the growth of the global ophthalmic surgical technologies market throughout the forecast period. In addition to this, the rising awareness among consumers regarding eye care and the availability of advanced technologies are estimated to enhance the growth of the overall market in the next few years. Furthermore, the favorable regulatory environment and the rising government support are projected to accelerate the growth of the market in the next few years.
This information is based on the findings of a research report published by Transparency Market Research (TMR), titled “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.”
- Rising awareness among consumers regarding the importance of eye care is considered as one of the key factors that is estimated to enhance the growth of the market in the next few years.
- Rising government funding to encourage advancements in the healthcare segment to accelerate the growth of the market in the coming years.
The global ophthalmic surgical technologies market has been segmented as below:
Global Ophthalmic Surgical Technologies Market, by Type
- Femtosecond Systems
- Excimer Laser Systems
- YAG Laser Systems
- Phacoemulsification Systems
Global Ophthalmic Surgical Technologies Market, by Surgery Type
- Cataract Surgery
- Refractive Surgery
- Glaucoma Surgery
- Retinal Surgery
Global Ophthalmic Surgical Technologies Market, by End Use
- Eye Care Centers
Global Ophthalmic Surgical Technologies Market, by Geography
- North America
- Rest of Europe
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and North Africa
- Saudi Arabia
- United Arab Emirates
- Rest of MENA
- Rest of the World (RoW)
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad hoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
7 of 10 large enterprizes view our ToC to take the right decision.View Report ToC