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The Chinese Ophthalmic Devices Market is segmented by Device (Surgical Devices, Diagnostic Devices, and Monitoring Devices)
Ophthalmic devices are medical equipment designed for diagnosis, surgical, and vision correction purposes. These devices have gained increasing importance and adoption due to the increasing prevalence of various eye diseases, such as glaucoma, cataract, and other vision-related issues. The rising prevalence of eye-related diseases is leading to an increased demand for ophthalmic devices. In many developed and developing countries, eye conditions have emerged as potential threats to the populations. According to the World Blind Union, in 2018, there were more than 85 million disabled persons in China, of which more than 17.5 million were visually impaired. Hence, as the number of eye disorders increases, there is a large demand for ophthalmic devices that are used for both diagnostic and therapeutic purposes, hence driving the market over the forecast period.
As per the scope of the report, ophthalmology is a branch of medical sciences that deals with the structure, function, and various diseases related to the eye. Ophthalmic devices are medical equipment designed for diagnosis, surgical, and vision correction purposes.
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Based on surgical devices, the market is segmented into glaucoma devices, intraocular lenses, lasers, and other surgical devices. The laser is a popular surgical procedure for vision correction problems. It can fix astigmatism, nearsightedness, and farsightedness. The laser can be applied to the iris or the trabecular meshwork to allow aqueous fluid to flow more effectively within the eye and drain better by the normal drainage channels within the eye. As per a recent article, the cataract operation performed per million population rose from 370 in 2000 to 2,205 in 2017. The number is projected to increase further. Also, insurance covers between 70% and 80% of cataract surgical expenses in China, due to continuous efforts made by the Chinese government. Hence, the need for diagnosis and treatment of common eye disorders has made significant progress in recent years, which is expected to fuel the demand for ophthalmic devices during the forecast period.
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The global players in the Chinese ophthalmic devices market are Alcon Inc., Bausch Health Companies Inc., Carl Zeiss Meditec AG, Hoya Corporation, Johnson & Johnson, Nidek Co. Ltd, Topcon Corporation, and Ziemer Group AG.
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 Technological Advancements in Ophthalmic Devices
4.3 Market Restraints
4.3.1 Risk Associated with Ophthalmic Procedures
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 Devices
5.1.1 Surgical Devices
18.104.22.168 Glaucoma Devices
22.214.171.124 Intraocular Lenses
126.96.36.199 Other Surgical Devices
5.1.2 Diagnostic and Monitoring Devices
188.8.131.52 Autorefractors and Keratometers
184.108.40.206 Ophthalmic Ultrasound Imaging Systems
220.127.116.11 Optical Coherence Tomography Scanners
18.104.22.168 Other Diagnostic and Monitoring Devices
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Alcon Inc.
6.1.2 Bausch Health Companies Inc.
6.1.3 Carl Zeiss Meditec AG
6.1.4 Hoya Corporation
6.1.5 Johnson & Johnson
6.1.6 Nidek Co. Ltd
6.1.7 Topcon Corporation
6.1.8 Ziemer Group AG
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
**Competitive Landscape Covers- Business Overview, Financials, Products and Strategies, and Recent Developments