Ophthalmic Market SWOT Analysis, Size, Share, Growth Rate, Application, Types, Future Demand, Business Opportunity, Key Indicators, and Forecast 2030

In a recently published report, Ophthalmic Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Ophthalmic Market products.

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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.

The Ophthalmic Market is continuously growing in the global scenario at significant pace. An ophthalmic lens is a lens for correcting vision in a person with visual impairments where the focal point of the eyes does not hit the retina. Lenses can also be used to address problems like astigmatism. They come in a variety of forms including plastic and glass lenses worn in glasses, contact lenses placed in direct contact with the eye, and lens implants surgically inserted into the eye to correct visual impairments. Technological enhancements in contact lens, rapid growth in geriatric population and growing prevalence of refractive errors caused by presbyopia and myopia are the substantial driving factors of the market across the globe.

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Moreover, increasing awareness regarding eye health among people is the factors that likely to create lucrative opportunities in the market over the upcoming years. However, high cost associated with lens and reimbursement cuts for ophthalmic surgical procedures are the factors that limiting the market growth of Ophthalmic during the forecast period.

The regional analysis of Global Ophthalmic Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to presence of well-established healthcare facilities and rising population density in the region. Further, Europe is anticipated a stable growth in the global Ophthalmic Market during the forecast period. Asia-Pacific is also anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025 owing to growing demand for technological advanced devices from the large patients population in the region.

The major market player included in this report are:
*Essilor International
*Zeiss
*CooperVision
*GKB Ophthalmic
*Hoya Corporation
*Novartis AG (Alcon)
*Shimizu
*Rodenstock GmbH
*Seiko Optical Products
*Nikon
*Johnson and Johnson
*Valeant Pharmaceuticals
*MingYue
*Conant
*Wanxin

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
*ADC Ophthalmic Lens
*PC Ophthalmic Lens
*PU Ophthalmic Lens
*Acrylic Ophthalmic Lens
*Epoxy Ophthalmic Lens
*Others

By Application:
*Corrective Lens
*Sunglasses Lens
*Intraocular Cataract Lens
*Others

By Regions:
*North America
o U.S.
o Canada
*Europe
o UK
o Germany
*Asia Pacific
o China
o India
o Japan
*Latin America
o Brazil
o Mexico
*Rest of the World

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Furthermore, years considered for the study are as follows:

Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025

Target Audience of the Global Ophthalmic Market in Market Study:

*Key Consulting Companies & Advisors
*Large, medium-sized, and small enterprises
*Venture capitalists
*Value-Added Resellers (VARs)
*Third-party knowledge providers
*Investment bankers
*Investors

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