The ophthalmic surgical devices market is expanding rapidly due to factors such as the rising prevalence of ophthalmic disorders such as glaucoma, cataract, refractive errors, and others. Furthermore, the growing geriatric population, rising diabetes prevalence, and other risk factors for ophthalmic disorders will help drive the ophthalmic surgical devices market
LAS VEGAS, Feb. 1, 2023 /PRNewswire/ -- DelveInsight's Ophthalmic Surgical Devices Market Insights report provides the current and forecast market analysis, individual leading ophthalmic surgical devices companies' market shares, challenges, ophthalmic surgical devices market drivers, barriers, and trends, and key ophthalmic surgical devices companies in the market.
Key Takeaways from the Ophthalmic Surgical Devices Market Report
To read more about the latest highlights related to the ophthalmic surgical devices market, get a snapshot of the key highlights entailed in the Global Ophthalmic Surgical Devices Market Report
Ophthalmic Surgical Devices Overview
Ophthalmology surgical devices are used in retinal, refractive, and cataract surgery, as well as in the diagnosis and treatment of ophthalmic diseases such as cataract, glaucoma, and refractive error. When a disease is not diagnosed at an early stage, the demand for ophthalmic surgical devices increases to prevent visual impairment and loss of vision. These devices include intraocular lenses (IOLs), ophthalmic viscoelastic devices (OVDs), glaucoma drainage systems, laser solutions, and consumables.
Ophthalmic Surgical Devices Market Insights
North America dominated the global ophthalmic surgical devices market in 2021 and will continue to do so during the forecast period (2022?2027). This can be attributed to the widespread availability of technologically advanced products and consumer awareness of vision impairments. Furthermore, the rising prevalence of ophthalmic disorders, rising demand for non-invasive or minimally invasive surgical procedures, the presence of key market players in the region, and other factors all contribute to the growth of the North American ophthalmic surgical devices market.
Additionally, the increasing product launches of technologically advanced products in the local market, by key regional players will drive demand for ophthalmic surgical devices in North America during the forecast period. For instance, in July 2022, AcuFocus, Inc., a privately held ophthalmic medical device company, announced FDA approval for its groundbreaking IC-8® AptheraTM intraocular lens (IOL) for the treatment of cataracts.
To know more about why North America is leading the market growth in the ophthalmic surgical devices market, get a snapshot of the Ophthalmic Surgical Devices Market Outlook
Ophthalmic Surgical Devices Market Dynamics
The rising number of vision impairment disorders such as cataracts, glaucoma, refractive errors, and others is one of the key factors driving the ophthalmic surgical devices market. Furthermore, the growing geriatric population, the rising prevalence of diabetes and diabetes retinopathy, and other factors will drive the ophthalmic surgical devices market. Moreover, increased investment by key players in the ophthalmic devices sector is expected to drive growth in the global ophthalmic surgical devices market throughout the forecast period.
However, the higher cost of surgical devices, surgical procedure complications, unfavorable reimbursement policies pertaining to the ophthalmic surgery industry, and others may prove to be challenging factors for the growth of the ophthalmic surgical devices market.
Additionally, during the COVID-19 pandemic, the ophthalmic surgical devices market was negatively impacted. To prevent the spread of infection, governments around the world imposed strict lockdown rules, resulting in a shortage of supply chains, raw materials, and other resources in the market, resulting in a decrease in the production of all medical devices. Furthermore, in order to prevent the spread of the infection, patients and physicians postponed many elective surgeries, laser therapies, and other ophthalmic therapies, reducing the number of in-patient visits in hospitals and clinics.
However, the development of the COVID-19 vaccine has begun the process of economic recovery by easing lockdown restrictions and returning to normalcy in the economic landscape, which has begun the process of resumption of regular healthcare services such as regular out-patient visits for treatments and sessions in hospitals and clinics, thereby bringing the demand for products in the ophthalmic surgical devices market back on track.
Get a sneak peek at the ophthalmic surgical devices market dynamics @ Ophthalmic Surgical Devices Market Dynamics Analysis
Ophthalmic Surgical Devices Market CAGR
Projected Ophthalmic Surgical Devices Market Size by 2027
USD 11.97 Billion
Key Ophthalmic Surgical Devices Companies
Bausch & Lomb Incorporated, Topcon Corporation, Johnson & Johnson, Carl Zeiss AG, Alcon Inc, Lumenis Ltd, Hoya Corporation, Ellex Medical Laser Ltd, STAAR Surgical Company, Ziemer Ophthalmic Systems AG, Glaukos Corporation., AbbVie., New World Medical, Inc., Oertli Instrumente AG, NIDEK CO., LTD., IRIDEX Corporation, HumanOptics, Surgical Holdings., Madhu Instruments Pvt. Ltd, GWS Surgicals LLP, among others
Ophthalmic Surgical Devices Market Assessment
Which MedTech key players in the ophthalmic surgical devices market are set to emerge as the trendsetter explore @ Ophthalmic Surgical Devices Companies
Table of Contents
Regulatory and Patent Analysis
Key Factors Analysis
Porter's Five Forces Analysis
COVID-19 Impact Analysis on Ophthalmic Surgical Devices Market
Ophthalmic Surgical Devices Market Layout
Global Company Share Analysis ? Key 3-5 Companies
Ophthalmic Surgical Devices Market Company and Product Profiles
Interested in knowing the ophthalmic surgical devices market by 2027? Click to get a snapshot of the Ophthalmic Surgical Devices Market Trends
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