Sweden Ophthalmic Devices Market - Growth, Trends, and Forecast (2020 - 2025)

The market is segmented By Devices (Surgical Devices, Diagnostic and Monitoring Devices).

Market Snapshot

Study Period:

2017-2025

Base Year:

2019

CAGR:

4 %

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Market Overview

The ophthalmic devices are medical equipment designed for diagnosis, surgical, and vision correction purposes. These devices have gained increasing importance and adoption due to high prevalence of various ophthalmic diseases such as glaucoma, cataract, and other vision related issues. The rising prevalence of eye-related diseases is leading to increased demand for ophthalmic devices. In many developed and developing countries, eye conditions have emerged as potential threats to the populations. According to the Eurostat surgical operations and procedures statistics, it was estimated that the number of cataract surgeries performed in Sweden were found to be 1042.5 per 100,000 population, during 2017. 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, driving the market over the forecast period.

However, risk associated with ophthalmic procedures and poor primary healthcare infrastructure is expected to hinder the market growth.

Scope of the report

As per the scope of the report, 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.

By Devices
Surgical Devices
Glaucoma Devices
Intraocular Lenses
Lasers
Other Surgical Devices
Diagnostic and Monitoring Devices
Autorefractors and Keratometers
Ophthalmic Ultrasound Imaging Systems
Ophthalmoscopes
Optical Coherence Tomography Scanners
Other Diagnostic and Monitoring Devices

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Key Market Trends

Diagnostic and Monitoring Devices are Expected to Witness a Healthy Growth

Based on devices, the market is segmented into Surgical Devices, Diagnostic and Monitoring Devices. The visual impairments result in low vision and these conditions seem to be rising in Sweden. According to European Blind Union estimates, there are over 30 million blind and partially sighted people in Europe. The number is projected to increase further. Hence, the need for diagnosis and treatment of common eye disorders such as cataract, amblyopia, glaucoma etc. have made significant progress in recent years, which is expected to fuel the demand of ophthalmic devices in the forecast period.

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Competitive Landscape

The market studied is moderately competitive and there are several local as well as international companies that are operating in Sweden ophthalmic market. The global players in the Sweden ophthalmic devices market are Alcon Inc., Bausch Health Companies Inc., Carl Zeiss Meditec AG, Hoya Corporation, Johnson and Johnson, Nidek Co. Ltd, Topcon Corporation and Ziemer Group AG.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Prevalence of Eye Diseases

      2. 4.2.2 Technological Advancements in Ophthalmic Devices

    3. 4.3 Market Restraints

      1. 4.3.1 Risk Associated with Ophthalmic Procedures

      2. 4.3.2 Poor Primary Healthcare Infrastructure

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Devices

      1. 5.1.1 Surgical Devices

        1. 5.1.1.1 Glaucoma Devices

        2. 5.1.1.2 Intraocular Lenses

        3. 5.1.1.3 Lasers

        4. 5.1.1.4 Other Surgical Devices

      2. 5.1.2 Diagnostic and Monitoring Devices

        1. 5.1.2.1 Autorefractors and Keratometers

        2. 5.1.2.2 Ophthalmic Ultrasound Imaging Systems

        3. 5.1.2.3 Ophthalmoscopes

        4. 5.1.2.4 Optical Coherence Tomography Scanners

        5. 5.1.2.5 Other Diagnostic and Monitoring Devices

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Alcon Inc.

      2. 6.1.2 Bausch Health Companies Inc.

      3. 6.1.3 Carl Zeiss Meditec AG

      4. 6.1.4 Hoya Corporation

      5. 6.1.5 Johnson and Johnson

      6. 6.1.6 Nidek Co. Ltd

      7. 6.1.7 Topcon Corporation

      8. 6.1.8 Ziemer Group AG

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments

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