(PharmaNewsWire.Com, May 29, 2017 ) As per the syndicated report published by Market Data Forecast Europe Ophthalmic devices Market which is expected to be USD 8.61 billion in 2016 is poised to reach USD 11.66 billion by 2021, at a CAGR of 6.24% from 2016 to 2021. It can attribute to the factors such as growing geriatric population. As, aged people are more prone to developing eye-related disorders/conditions such as glaucoma, dry eye, promoting awareness about these disorders, continuous technological advancements in the field of medical technology for the development of novel products which have more productivity and accuracy are accelerating the market. The lack of skilled professionals in the rural regions of developing countries and high cost of ophthalmic devices are restraining the growth of the market.
Europe is estimated to account the second largest share in the market due increasing R&D investments for the development of new products. Ophthalmic devices are the technology based devices which are used for the diagnosis of any defect in human visual pathway. The major cause of the defect may be any eye related disorder, infection or can be congenital. Many new advanced and easy-to-use ophthalmic devices are helping the patients globally. The ophthalmic devices market is anticipated to witness a remarkable growth in near future owing to raised occurrence of an eye related disorders such as presbyopia, diabetic retinopathy, macular degeneration, cataracts, uveitis and keratoconus across the globe.
Europe Ophthalmic devices Market is segmented based on Product Type, Application, and End-User, as mentioned below for obtaining a more deep perspective of the market. In the report each sub segment is provided with Market Size Estimations and Y-o-Y Forecasts.
The Europe market has been geographically segmented into Germany, Italy U.K, France, and Spain. Alcon Inc., Essilor International S.A., Johnson & Johnson, Abbott Medical Optics Inc., Bausch & Lomb, Inc., Haag-Streit AG, Topcon Corporation, Carl Zeiss Meditec AG, Nidek Co. Ltd., and Ziemer Ophthalmic Systems AG are the major players operating in the Europe Diagnostic Imaging Market.
In recent years, there have been quite a number of shocking technological advances within the field of cataract surgery including:
Phacoemulsification devices: A significant innovation is the use of lasers for Phacoemulsification. The usage of this technique, which is known as Femto-Phacoemulsification, is less invasiveness, more precise surgery and the ability to use new types of IOLs.
The Ophthalmic 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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