A recent report published by Infinium Global Research on eye care surgical market provides an in-depth analysis of segments and sub-segments in the global as well as regional eye care surgical market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional eye care surgical market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global eye care surgical market. According to the report, the global eye care surgical market is projected to grow at a healthy CAGR over the forecast period of 2019-2025.
The field of research in surgical and medical ophthalmology is making great impact in medical sciences and pharmaceuticals. Advanced techniques in ophthalmology include specialized in the treatment of disorders associated with the nervous system that affect vision such as optic neuritis, optic neuropathy, and brain tumors. Ocular microbiology, pathology, and immunology include the diagnosis and treatment of allergic diseases of the eye. Ophthalmology clinical trials give the latest updates on the successful specialized in clinical trials and studies for the treatment of eye disorders and diseases. Ophthalmic devices used in the surgical and medical ophthalmology have reduced the error levels and facilitate safe and controlled surgery. New medical interventions for maintaining good eyesight help in practicing good eye habits and help prevent diseases.
The rising prevalence of eye-related diseases such as glaucoma, cataract, diabetic retinopathy, refractive errors is the major driving factor for the eye care surgical market. Furthermore, factors such as growing geriatric population, technological innovations, high demand for diagnostic procedures, and minimally invasive procedures are other driving factors for the market. Eye care involves examining the eyes to detect any abnormalities and provide medical diagnosis & management of eye disease. However, the high cost of devices is restraining the growth of the market. Moreover, advances in laser technology and increasing healthcare infrastructure in untapped markets are expected to provide wide growth opportunities to the market players.
Geographically, North America dominates the global eye care surgical market owing to the increasing prevalences of eye-related diseases and early adoption of eye surgical technology in this region. Asia-Pacific is the second-largest market for eye care surgical due to increasing disposable income and increasing investment in the healthcare sector in countries such as India and China. Increasing awareness level about eye cares surgical also driving the growth of the market in the Asia-Pacific region.
The report on global eye care surgical market covers segments such as applications, and end user. On the basis of applications, the sub-markets include cataract surgery, glaucoma surgery, refractive surgery, corneal surgery, vitreo-retinal surgery, oculoplastic surgery, and other applications. On the basis of end user, the sub-markets include hospitals, ambulatory surgical centers, ophthalmology clinics, and eye research institutes.
The report provides profiles of the companies in the market such as Novartis AG, Abbott Laboratories, Bausch & Lomb Incorporated, Lumenis, Topcon Corporation, Carl Zeiss Meditec AG, Valeant Pharmaceuticals International Inc., Ophthalmic Instruments Inc., Essilor International S.A., A.R.C. Laser GmbH, and other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of eye care surgical market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.