Ophthalmology is a branch of medicine that deals with studying the anatomical structure of human eye and various eye disorders as well as diseases. The ophthalmology surgical devices market is triggered by the growing prevalence of treatment methods for eye diseases. It has been observed that ocular defects or vision correction requires the usage of high-tech ophthalmology surgery devices; this has led to a rapid expansion of the ophthalmology market. The Asian ophthalmology surgery devices market ranks third, preceded by North America and Europe, which is poised to grow at a CAGR of 9.88%.
Countries such as India and China have a large number of the ageing population. As aged people are more susceptible to acquiring eye diseases such as cataract or macular degeneration, it has increased the overall demand for advanced ophthalmic procedures. Eye surgeries are meant to be highly complex ones, which is why involving the use of technologically standard surgery devices becomes mandatory. Therefore, the incidence of eye disorders in the ageing population becomes a significant market driver for the ophthalmology surgery devices market in Asia.
Several other factors that have positively influenced the market in the Asian region are an increase in disposable income across households, increased investments made by many governmental bodies in the healthcare sector, lower mortality rates, and consumer health awareness. In emerging economies of the Asian region, people are subjected to changing lifestyle patterns, which have a negative impact on their personal health. This gives rise to a large number of chronic disorders, such as obesity and diabetes. Diabetic people are more prone to eye disorders that include diabetic retinopathy, cataract, glaucoma, and diabetic macular edema, among others. The importance of surgical devices to treat these ocular issues has contributed to a large extent to the progression of the ophthalmology surgery devices market in the Asian region.
The Asian ophthalmology surgery devices market is segmented on the basis of geography, sub-market, and end-user. Based on geography, the market is sub-divided into India, China, and Japan, among other countries. Companies that dominate this market are Abbott Laboratories, Alcon, Allergan, Inc., BAUSCH & LOMB, Inc., Carl Zeiss Meditec, Inc., Essilor International SA, NIDEK Co., Ltd., STAAR Surgical Company, Topcon Corporation, and Valeant Pharmaceuticals International, Inc., among others.
This report offers in-depth analysis and estimation of the ophthalmic devices market in Asia. It also focuses on the current market dynamics, value chain analysis, market metrics, and recent developments. Key companies that thrive in the ophthalmology market have been theoretically profiled.
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