South Korea’s market for ophthalmic devices is currently valued at USD XX billion for the year 2016 and is expected to reach USD XX billion by the end of 2021. The CAGR during this period of the forecast is projected to be XX%.

Emerging nations are expected to grow at a good pace owing to the increased incidence of cataract in these areas. Asia-Pacific has great growth prospects and is growing at a good pace. This is due to the large patient pool, immense investments in the field of medical devices in this region and lenient regulatory framework.

This escalation is developing the need to analyze, review and forecast the growth of the ophthalmic devices market. Owing to the rapid evolution of the market in the use of medical technology, medical device companies that are able to launch new innovative equipment will be rewarded with huge benefits.

South Korea Ophthalmic Devices Market-Market Dynamics

The report details several factors driving and restraining the market. Some of these are discussed below.

Drivers

Growth in cataract volume, availability of new drugs and devices, the demographic shift and increased impact of the prevalence of eye disease are the major factors driving the growth of this market.

Restraints

Increasing healthcare costs and economic slowdown in developed markets are the major challenges faced by the ophthalmic device market.

The report studies in detail the different ophthalmic devices, which include lasers, surgery devices, ophthalmic diagnostic devices, rings, implants, and lens.

What the Report Offers

• Market analysis for South Korea’s ophthalmic devices market, with region-specific assessments and competition analysis on the global and regional scale.
• Market definition along with the identification of key drivers and restraints.
• Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
• Extensively researched competitive landscape section with profiles of major companies along with their market share for the next five years.
• Identification and analysis of the macro and micro factors that affect the market on both global and regional scale.
• A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
• A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
• Insights on the major countries/regions where this industry is blooming and to also identify the regions that are still untapped.
• The various applications of ophthalmic devices have been discussed in detail, in addition to a comprehensive overview of the market.