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This market is segmented by Device Type into Surgical Devices, Diagnostic and Monitoring Devices (Autorefractors and Keratometers, Corneal Topography Systems, Ophthalmic Ultrasound Imaging Systems, Ophthalmoscopes, Optical Coherence Tomography Scanners, and Other Diagnostic and Monitoring Devices), and Vision Care.
The Brazilian ophthalmic devices market is expected to register a CAGR of 5.3% during the forecast period. Cataract, one of the leading causes of blindness in developing countries, is widely prevalent in Brazil. The ophthalmic device market in Brazil is expected to grow, due to the presence of a universal healthcare system providing coverage for the underserved, rising number of eye-related diseases and disorders, and greater awareness among people. Furthermore, the increasing availability of new ophthalmic devices and advanced techniques are favoring the growth of the market.
As per the scope of the report, the term ophthalmic devices refers to devices that are used in ophthalmic diagnostics, monitoring, and ophthalmic surgeries along with devices used for vision correction, such as contact lenses.
|By Device Type|
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The factors attributing to the dominance of cataract surgery devices segment are a larger patient pool, high awareness, availability of therapy, and affordability. Cataract volume has seen a rapid increase in recent years. Brazil has a universal public healthcare system (Sistema Único de Saúde – SUS) under which surgeries are provided without cost to those in need. However, despite the presence of a universal healthcare system, cataract remains the major cause of blindness in Brazil.
According to ECLAC's 2014 Statistical yearbook for Latin America, the percentage of the aging population (65 + years) is expected to almost double to 13.7% by 2030, from 6.9% in 2010. The rising geriatric population is driving the cataract surgery segment, while the aging population is expected to burden all areas of healthcare. The effect is even more prominent in the case of eye diseases as such ophthalmologists provide approximately 90% of their procedure-based services to seniors. Furthermore, according to a study which analyzed the prevalence of cataract in the Sao Paulo state of Brazil, 61% of the affected people were aged 50 years or older.
Cataract surgery is the most frequent ophthalmic surgical procedure performed in Brazil, providing significant improvements in the quality of life to the elderly population at a low cost. High-volume cataract surgery is now carried out predominantly on a same-day basis in Brazil which is contributing to the need for technologically advanced ophthalmic surgical and diagnostic devices.
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The Brazilian ophthalmic devices market is consolidated and is highly competitive. The Brazilian market is dominated by a few global players. Most of the complex surgical, monitoring and diagnostic devices are imported from developed countries, especially from the United States. Most of the global firms have a direct presence in Brazil, with some operating through a network of local distributors.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Prevalence of Eye Diseases
4.2.2 Increasing Availability of New Techniques
4.3 Market Restraints
4.3.1 Risk Associated with Eye Surgery
4.3.2 Lack of Awareness
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Device Type
5.1.1 Surgical Devices
188.8.131.52 Glaucoma Surgery Devices
184.108.40.206.1 Glaucoma Drainage Devices
220.127.116.11.2 Glaucoma Stents and Implants
18.104.22.168.3 Other Glaucoma Surgery Devices
22.214.171.124 Cataract Surgery Devices
126.96.36.199.1 Intraocular Lenses
188.8.131.52.2 Other Cataract Surgery Devices
184.108.40.206 Refractive Surgery Devices
220.127.116.11.2 Other Refractive Surgical Devices
18.104.22.168 Other Surgical Devices
5.1.2 Diagnostic and Monitoring Devices
22.214.171.124 Autorefractors and Keratometers
126.96.36.199 Corneal Topography Systems
188.8.131.52 Ophthalmic Ultrasound Imaging Systems
184.108.40.206 Optical Coherence Tomography Scanners
220.127.116.11 Other Diagnostic and Monitoring Devices
5.1.3 Vision Care
18.104.22.168 Spectacles Lenses
22.214.171.124 Contact Lenses
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Alcon Inc.
6.1.2 Bausch & Lomb Inc.
6.1.3 Carl Zeiss Meditec AG
6.1.4 Essilor International SA
6.1.5 HAAG-Streit Group
6.1.6 Johnson & Johnson
6.1.7 Nidek Co. Ltd
6.1.8 Topcon Corporation
6.1.9 Ziemer Ophthalmic Systems AG
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments