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Industry Trend Analysis:
The Global Ophthalmic Surgical Devices Market is expected to experience significant growth in coming years between 2017 and 2025. The market is primarily driven by factors such as increasing geriatric population worldwide, rising incidence of eye-related disorders, increasing demand for ophthalmic surgical devices in emerging countries, and technological advancements in the field of ophthalmology. Aging population is more susceptible to developing glaucoma as a result of age related tissue changes. According to the 2015 World Aging Population report by the UN, between 2015 and 2030, the global population aged 60 years and over is expected to grow by 56% from 901 million to 1.4 billion. This number is projected to rise up to 2.1 billion by 2050. With such substantial increase in the older population, the demand for ophthalmic surgical devices will significantly increase in coming years, thus favorably contributing to the growth of ophthalmic surgical devices market during the forecast period. However, factors such as unfavorable reimbursement policies can hamper the growth of ophthalmic surgical devices market during the forecast period.
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Top key Vendors:
Some of the key players operating in the ophthalmic surgical devices market include Glaukos Corporation,Alcon Laboratories, Inc. (acquired by Novartis AG), Ellex Medical Lasers Limited, Carl Zeiss Meditec AG,New World Medical, Inc., Johnson & Johnson Services, Inc., A.R.C. Laser GmbH, Ivantis, Inc., Allergan, Inc. (acquired by Actavis plc), Ziemer Ophthalmic Systems AG, IRIDEX Corporation, Valeant Pharmaceuticals International Inc., Topcon America Corporation, NIDEK CO., LTD. and Lumenis Ltd.
Ophthalmic Surgical Devices Market Segmentation:
Refractive Error Surgical Devices
Excimers and Femtosecond Lasers
Cataract Surgery Devices
Glaucoma Surgical Devices
Implants and Stents
Glaucoma Laser Devices
Vitreoretinal Surgical Devices
Vitrectomy Machines & Vitrectomy Packs
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North America dominated the global ophthalmic surgical devices market in 2016 owing to the presence of robust healthcare infrastructure in the region leading to the increasing development of minimally invasive surgical techniques. The Asia-Pacific ophthalmic surgical devices market is expected to witness fastest growth during the forecast period due to rising awareness related to eye disorders and their treatments along with increasing disposable income of the people in the region.
Table of Contents:
2. Executive Summary
3. Market Overview
4. Ophthalmic Surgical Devices Market, By Product
5. Ophthalmic Surgical Devices Market, By Region
6. Company Profiles
6.1. Glaukos Corporation
6.2. Alcon Laboratories, Inc. (acquired by Novartis AG)
6.3. Ellex Medical Lasers Limited
6.4. Carl Zeiss Meditec AG
6.5. New World Medical, Inc.
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Refractive errors in the eye occur when parallel light rays entering the eye, do not focus on the retina. Femtosecond lasers are near infrared lasers that are used in refractive and cataract surgeries to facilitate precise corneal cuts. Excimer lasers are another such advanced lasers that are used in procedures such as photorefractive keratectomy (PRK) for refractive corrections. In addition to laser surgeries, glaucoma can also be treated using implants that are used to keep the surgically created opening from closing down. These implants decrease the intra-ocular pressure (IOP) by facilitating the outflow of intra-ocular fluid from the eye.
List of Tables:
Table 1.Ophthalmic Surgical Devices Market, By Product, 2016-2025 ($Million)
Table 2.Refractive Error Surgical Devices Market, By Type, 2016-2025 ($Million)
Table 3.Refractive Error Surgical Devices Market, By Region, 2016-2025 ($Million)
Table 4.Microkeratomes Market, By Region, 2016-2025 ($Million)
Table 5.Excimers and Femtosecond Lasers Market, By Region, 2016-2025 ($Million)
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About Crystal Market Research:
Crystal Market Research is a U.S. based market research and business intelligence company. Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.