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Ophthalmology Diagnostics and Surgical Devices Market Size 2022 : Share and Analysis, Growth Potential, Regional Outlook, In-depth Insights by Top Manufacturers, Dominant Sectors and Forecast 2031

Kenneth Research has recently added a report titled Ophthalmology Diagnostics and Surgical Devices Market in its storehouse of market research reports. The report provides a detailed insight into the market scenario on the basis of the market size and volume for the forecast period, i.e., 2022-2031.

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 Ophthalmology Diagnostics and Surgical Devices 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.

Global Ophthalmology Diagnostics and Surgical Devices Market is valued approximately at USD 60.49 Billion in 2019 and is anticipated to grow with a healthy growth rate of more than 3.5% over the forecast period 2019-2026. The ophthalmic devices are referred to that medical equipment which are designed for diagnosis, surgical, and vision correction purposes etc. The ophthalmic devices are gaining higher demand and importance in the healthcare sector due to increasing growth in ophthalmic diseases such as glaucoma, cataract and other vision related issues across the globe to provide efficient treatment and diagnosis to such diseases. Ophthalmic diseases are having higher possibilities of occurring in geriatric populations, therefore rapid growth in geriatric population across the globe is expected to drive the growth of market over the forecast years. For instance: as per the statistics published in the World Population Aging,  by the United States government, the global growth in geriatric population that is 60 years or over were accounts for 962 million in 2017 which is doubled from 1980 when there were 382 million older persons globally. Also, it is expected that such figure is expected to double again by 2050 and is projected to reach nearly 2.1 million. In Addition, Technological Advancements in Ophthalmic Devices is also the factor expected to accelerate the growth of market over the forthcoming period. However, risk associated with ophthalmic procedures along with poor primary healthcare infrastructure in developing and under-developed countries are the factors hampering the market growth.

The regional analysis of global Ophthalmology Diagnostics and Surgical Devices 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 the due to the rapid technological advancement in ophthalmic devices in the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026. Factors such as rise in growth in geriatric population across the region would create lucrative growth prospects for the Ophthalmology Diagnostics and Surgical Devices market across Asia-Pacific region.

Major market player included in this report are:
Johnson & Johnson
Abbott Medical Optics
Bausch & Lomb, Inc.
Alcon Inc.
VisionCare Ophthalmic Technologies, Inc.
Haag-Streit AG
Nidek Co. Ltd.
Essilor International S.A.
Ziemer Ophthalmic Systems AG
Topcon Corporation

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 Product type:
Diagnostic Devices
Surgical Devices
Vision Care Devices

By Application:
Hospitals
Medical Institutes
Research Organizations
Healthcare Service Providers

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

Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017, 2018
Base year – 2019
Forecast period – 2020 to 2026

Target Audience of the Global Ophthalmology Diagnostics and Surgical Devices 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

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2026 (USD Billion)
1.2.1. Ophthalmology Diagnostics and Surgical Devices Market, by Region, 2018-2026 (USD Billion)
1.2.2. Ophthalmology Diagnostics and Surgical Devices Market, by Product Type, 2018-2026 (USD Billion)
1.2.3. Ophthalmology Diagnostics and Surgical Devices Market, by Application, 2018-2026 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Ophthalmology Diagnostics and Surgical Devices Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Ophthalmology Diagnostics and Surgical Devices Market Dynamic
3.1. Ophthalmology Diagnostics and Surgical Devices Market Impact Analysis (2018-2026)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Ophthalmology Diagnostics and Surgical Devices Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2016-2026)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Ophthalmology Diagnostics and Surgical Devices Market, by Product Type
5.1. Market Snapshot
5.2. Global Ophthalmology Diagnostics and Surgical Devices Market by Product Type, Performance – Potential Analysis
5.3. Global Ophthalmology Diagnostics and Surgical Devices Market Estimates & Forecasts by Product Type 2016-2026 (USD Billion)
5.4. Ophthalmology Diagnostics and Surgical Devices Market, Sub Segment Analysis
5.4.1. Diagnostic Devices
5.4.2. Surgical Devices
5.4.3. Vision Care Devices
Chapter 6. Global Ophthalmology Diagnostics and Surgical Devices Market, by Application
6.1. Market Snapshot
6.2. Global Ophthalmology Diagnostics and Surgical Devices Market by Application, Performance – Potential Analysis
6.3. Global Ophthalmology Diagnostics and Surgical Devices Market Estimates & Forecasts by Application 2016-2026 (USD Billion)
6.4. Ophthalmology Diagnostics and Surgical Devices Market, Sub Segment Analysis
6.4.1. Hospitals

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