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The Market is Segmented by Devices (Surgical Devices, Diagnostic and Monitoring Devices, and Vision Correction Devices)
The ophthalmic devices are medical equipment designed for diagnosis, surgical, and vision correction purposes. These devices have gained increasing importance and adoption due to the high prevalence of various ophthalmic diseases such as glaucoma, cataract, and other vision-related issues across the world. Moreover, technological advancements in the field have boosted the adoption rate of the rate globally.
Although there have been advancements, the devices are still deemed unsafe and can cause damages if not handles professionally. Hence all these factors have been restraining the market growth.
Ophthalmology is a branch of medical sciences, which deals with structure, function, and various diseases related to the eye. The ophthalmic devices are medical equipment designed for diagnosis, surgical, and vision correction purposes.
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The vision correction devices or corrective lenses are used to aid and improve vision for those with common refractive errors like myopia, hypermetropia, astigmatism, and presbyopia. These visual impairments result in low vision. Moreover, these conditions seem to be rising.
According to the World Aging Population report by the United Nations in 2017, Germany had one of the highest percentages of population aged 60 years or above in 2017. Moreover, most of the highly developed countries like Germany are facing problems healthcare problems primarily due to the growing geriatric population. The older population is more prone to illnesses and poor vision. As this population grows, the demand for vision correction devices is also expected to increase. This will help the market growth in the region.
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Germany has a well-structured and developed healthcare system. Germany also promotes R&D for pharmaceutical devices, and hence, records for a very high expenditure on healthcare. As a result of these policies, many companies globally are encouraged to operate in the region, which makes the market competitive.
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 Demographic Shift and Increasing Prevalence of Eye Diseases
4.2.2 Rising Geriatric Population
4.2.3 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
220.127.116.11 Glaucoma Drainage Devices
18.104.22.168 Glaucoma Stents and Implants
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 Corneal Topography Systems
220.127.116.11 Ophthalmic Ultrasound Imaging Systems
18.104.22.168 Optical Coherence Tomography Scanners
22.214.171.124 Other Diagnostic and Monitoring Devices
5.1.3 Vision Correction Devices
126.96.36.199 Contact Lenses
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 EssilorLuxottica SA
6.1.5 HAAG-Streit Group
6.1.6 Hoya Corporation
6.1.7 Johnson and Johnson
6.1.8 Nidek Co. Ltd
6.1.9 Topcon Corporation
6.1.10 Ziemer Ophthalmic Systems AG
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments