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The market is segmented by Devices (Surgical Devices, Diagnostic and Monitoring Devices, and Vision Correction Devices) and Geography
Ophthalmology Device Market in the United Kingdom is expected to grow, due to rising number of eye-related diseases and disorders, and greater awareness among people. According to the Royal National Institute of Blind People, there are 2 million people in the UK who are living with sight loss and around 350,000 people are registered as partially sighted or blind in the UK. Further, the development of new ophthalmology devices and advanced techniques are favoring the growth of the market. Although the ophthalmology devices market displays great promise, due to the increasing number of eye problems, it still faces barriers, such as the risk associated with surgical procedures of eye which might impede the growth of the market.
Ophthalmology is a branch of medical sciences, which deals with structure, function, and various diseases related to eye. The ophthalmic devices based on the product function are majorly categorized into surgical, diagnostic, and vision correction devices.
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Contact lens or the corrective contact lenses are used for vision correction and functions the same way as conventional eyeglasses. There are different types of contact lenses available to correct different vision problems, including myopia (near-sightedness), hyperopia (far-sightedness), and astigmatism (both near and far-sightedness). Since the past two decades, the number of contact lens wearers requiring presbyopic correction has grown significantly in recent years. The newer generation of contact lens, of both rigid and soft types, provide many advantages over the older generation of lenses. Advantages of contact lens over regular glasses, consumer’s increasingly intensive usage of electronic devices across all age groups, aging population, and use of DD lenses in some geographies are primary drivers for this market. Moreover, the development of progressive contact lenses is expected to boost the market over the next few years, owing to their high growth opportunities. Though the category of customers changing lenses on a weekly basis has declined, the daily disposable category has exhibited continued growth. These trends are encouraging signs for the opportunities in the soft contact lens segment in the studied market.
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UK Ophthalmology Devices is highly fragmented owing to the presence of more number of market players. Market players focus on continuous product development and offering OphthalmologyDevices at competitive prices especially in developing countries. The major players include Abbott, Alcon, Johnson & Johnson Vision Care Inc., Cooper Vision Inc., Bausch & Lomb, Carl Zeiss AG, Topcon Corporation, Nidek Co. Ltd.
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 Technological Advancements in Ophthalmic Devices
4.3 Market Restraints
4.3.1 Risk Associated with Ophthalmic Procedures
4.4 Porter's Five Force 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 HAAG-Streit Group
6.1.5 IRIDEX Corporation
6.1.6 Johnson and 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