(PharmaNewsWire.Com, April 21, 2017 ) As per the syndicated report published by Market Data Forecast Europe Ophthalmology Devices which is estimated to be USD 7.94 billion in 2016 is poised to reach USD 10.42 billion by 2021, at a CAGR of 5.60% from 2016 to 2021.
It can be attributed to the factors such as increasing prevalence of eye diseases, rising aging population and technological advancements in the field of Europe Ophthalmology Devices Market. However certain challenges like lack of proper healthcare insurance, lack of awareness and knowledge of diseases such as glaucoma as well as poor infrastructure, must be dealt with to attain the full potential.
The rising demand for higher quality treatment in order to improve millions of lives has led to the ophthalmology devices to witness a significant growth in the healthcare sector. The rising geriatric population as well as the ocular diseases have created better opportunities in the ophthalmic device market, increasing the demand for glaucoma, cataract, refractive and other surgery devices.
Ophthalmology is a branch of medicine which helps n curing the diseases related to anatomy, physiology and eyes. Ophthalmology devices comprise of a wide range of surgical devices which are specifically used in treatment of eye diseases. These devices help in reducing the time consumed in treatment drastically, as well as offering higher quality protection to the patients. It is also one of the most convenient way of operating for both the patients and ophthalmologists. Europe Ophthalmology Devices Market is segmented based on type, application and end-users as mentioned below for attaining a more granular perspective of the market. In the report, each sub segment is provided with Market Size Estimations and Y-o-Y Forecasts. Based on Application: Diagnostics & Monitoring devices Surgery Devices Vision Care Devices Based on Disorders: Cataract Glaucoma Refractor disorders Vitreo retinal disorder Based on Device: Canaloplasty devices Computerized Field Analyser
Europe is an amalgamation of major economies like Germany, Spain, Italy, U.K. and France among others to name a few. The report justifies this by offering country wise data for the EU5 countries while taking some other predominant economies into consideration as well (Rest of Europe). As per the study France is poised to hold the major market share while Germany is the fastest growing market in this region.
Johnson & Johnson, Bausch and Lomb Inc., Abbott Medical Optics Inc., Alcon Inc., Essilor International, HAAG-Streit Group, Hoya Corporation, Nidek CO Ltd., Topcon Corporation, Carl Zeiss Meditec, and Ziemer Ophthalmic System are the major players operating in the Europe Ophthalmology Devices Market. According to recent reports, Johnson & Johnsons finalized on their decision of acquisition of Abbott Medical Optics recently.
The Ophthalmology Devices market study offers the following deliverables:
Regional and country-level analysis that provides an innate perspective of European region and the aforementioned countries Meticulously identifying the key areas of market growth by providing market size forecasts and y-o-y estimations at a Segment-level analysis Explanations of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics Study of macro and micro environmental factors that affect the European market presented in the form of PESTLE and Porters Five Forces Analyses Company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and analyst overview of the key market players operating in the region Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies Expertly devised Market Outlook - Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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