Ophthalmic Devices Market Statistics, Trend Analysis , Demand, Revenue and Global Analysis Research Report by 2018-2026
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Ophthalmology is a branch of medicine that studies the structure, function, and diseases of the eyes. Ophthalmic devices are pieces of medical equipment used in the diagnosis, surgery, and correction of vision. Because of the high prevalence of various ophthalmic diseases such as glaucoma, cataract, and other vision-related issues, these devices are gaining importance and adoption.
The risk factors associated with eye surgeries may have a negative impact on the advancement of the ophthalmic devices market. Because of a scarcity of skilled surgeons, the risks associated with ophthalmic procedures may rise. These procedures may result in complications such as inflammation inside the eye, retinal detachment, infection, and bleeding, among others. Furthermore, high ophthalmic device costs and rising adoption of refurbished ophthalmic devices are expected to limit industry growth.
The rising prevalence of ophthalmic diseases such as cataracts and glaucoma is a major factor driving the growth of the Global Ophthalmic Devices Market. Furthermore, the increased penetration of digital devices such as smartphones, laptops, and computers, e-readers; rapid technological advancements such as the introduction of intraocular lenses; and an increased focus on customer training and education among eye care professionals regarding eye diseases and associated complications are expected to propel the Ophthalmic Devices Market.
Due to low production and material costs, refurbished ophthalmic imaging devices are in high demand among the ophthalmic device segment. This, however, has a negative impact on the sales of manufacturer-built or OEM-built ophthalmic devices. For example, according to the European Commission's Refurbishment of Medical Equipment Report on promising Key Enabling Technologies (KETs)-based product, released in August 2017, refurbished diagnostic imaging equipment accounted for 75.5 percent of global demand for refurbished medical devices in 2015.
The key players operating in the global ophthalmic devices market include, Carl Zeiss Meditec Group, Escalon Medical Corp., Haag-Streit AG, Heidelberg Engineering GmbH, Heine Optotechnik GmbH & Co. KG, Essilor International S.A., NIDEK CO., LTD., Quantel Medical SAS, Luneau Technology Group, and Topcon Corporation.
The rising prevalence of ophthalmic diseases such as cataracts and glaucoma is a major factor driving the growth of the Global Ophthalmic Devices Market. Furthermore, the increased penetration of digital devices such as smartphones, laptops, and computers, e-readers; rapid technological advancements such as the introduction of intraocular lenses; and an increased focus on customer training and education among eye care professionals regarding eye diseases and associated complications are expected to propel the Ophthalmic Devices Market.
Due to low production and material costs, refurbished ophthalmic imaging devices are in high demand among the ophthalmic device segment. This, however, has a negative impact on the sales of manufacturer-built or OEM-built ophthalmic devices. For example, according to the European Commission's Refurbishment of Medical Equipment Report on promising Key Enabling Technologies (KETs)-based product, released in August 2017, refurbished diagnostic imaging equipment accounted for 75.5 percent of global demand for refurbished medical devices in 2015.
The key players operating in the global ophthalmic devices market include, Carl Zeiss Meditec Group, Escalon Medical Corp., Haag-Streit AG, Heidelberg Engineering GmbH, Heine Optotechnik GmbH & Co. KG, Essilor International S.A., NIDEK CO., LTD., Quantel Medical SAS, Luneau Technology Group, and Topcon Corporation.
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