According to the report Middle East and Africa Ophthalmology Devices Market, published by Market Data Forecast, The Market is estimated at USD 3.45 Billion in 2016 and is expected to reach USD 4.5 Billion by the end of 2021 with a CAGR of 5.46%.
The ophthalmology device market is one of the key growth area in the medical device industry with a rising demand for better quality healthcare services to improve millions of lives. Ophthalmic devices primarily include glaucoma, refractive and cataract surgical devices among others. With rising awareness and fast approvals, the growth is most likely to sustain the coming years.
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Ophthalmology which is a branch of medicine dealing with the diseases relating to physiology, anatomy and eyes. Ophthalmology devices encompasses a wide range of surgical devices which are primarily used for the treatment of eye conditions. These devices helps is reducing the treatment time drastically, at the same time offering better quality protection to the patients. It is also proved to be a convenient way of operating for both the ophthalmologists and patients.
Recent years have witnessed the emergence of Ophthalmology device market owing to the rising eye related health conditions, advancements in technology and increasing aging population. The market is also driven by the factors that include increasing expenditure on healthcare spending, rising government expenditure and developments in the healthcare medical devices. However, the growth of the market is restricted by a few restraints which include lack of awareness regarding diseases like glaucoma, lack of healthcare insurance in developing countries and poor infrastructure.
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Middle East and Africa Ophthalmology Devices Market: Segmentation
By Application
- Diagnostics & Monitoring devices
- Surgery Devices
- Vision Care Devices
By Disorders
- Cataract
- Glaucoma
- Refractor disorders
- Vitreo retinal disorder
By Device
- Canaloplasty devices
- Computerized Field Analyser
The leading companies in the ophthalmology device industry include Johnson & Johnson, Abbott Medical Optics Inc., Carl Zeiss Meditec, Hoya Corporation, Essilor International, Alcon Inc., Topcon Corporation, HAAG-Streit Group, Ziemer Ophthalmic System, Bausch and Lomb Inc. and Nidek CO Ltd.
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Reasons to buy Middle East and Africa Ophthalmology Devices Market Report:
- Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
- Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
- Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
- Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
- A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
- Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
- Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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