Ophthalmology surgical devices are necessary components that are used in performing highly advanced eye surgeries. The demand of these surgical equipments is influenced by the rising incidence of age-related ocular diseases and disorders, such as cataracts, diabetic retinopathy, macular degeneration, ocular hypertension, glaucoma, and refractive errors among others. The ophthalmology surgery devices market in Europe is considered as the second largest market, preceded by North America, and it is poised to grow at a CAGR of 3.69%.
Eye surgeries require a lot of precision and accurate judgment to be made by a healthcare professional. In order to rectify eye defect or offer treatment for any kind of eye disorder, the use of appropriate surgical instruments becomes mandatory. This demand for developing advanced and technologically efficient surgical equipments has led to growth of the ophthalmology market. Prevalence of eye related issues among the aged population has led to the rapid progression of ophthalmology surgery devices. Minimal invasive surgeries and demand of various eye correction techniques are additional factors that have supported its market growth. In the developed economies of European regions, there has been a high incidence of lifestyle disorders which has resulted in giving rise to various eye diseases. Diabetic retinopathy is one such dreaded eye condition that is observed among diabetic people. Prevalence of these chronic diseases has resulted in improving the overall demand of complex ophthalmology surgical devices in the European market.
Apart from the market drivers mentioned above, there are other factors that have promoted its market expansion, which includes research and developmental activities to invent unique materials for implantable lenses used in cataract surgeries, and continuous innovative taking place across all ophthalmology segments.
The European ophthalmology surgery devices report offers a comprehensive analysis of key market drivers, restraints, and upcoming opportunities. It also focuses on the current market trends and provides key market profiles of companies thriving in this market. This market is segmented with respect to geography, sub-market, and end-user. As per sub-market, the ophthalmology surgical device is classified cataract surgery devices, glaucoma surgery devices, refractive surgery devices, and vitreoretinal surgery devices. End-users of this market include hospitals and private eye clinics among others. Top companies, who have a prominent presence on the ophthalmology surgery devices market in Europe 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.
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