Eye Care Surgical Devices Market: A Deep Dive Into Factors that will Help Vendors Stay Ahead of Competitors - Technavio

Vendors are deploying organic and inorganic growth strategies to compete in the market

NEW YORK, Sept. 14, 2022 /PRNewswire/ -- One of the key vendors operating in the eye care surgical devices market is Alcon Inc. The company offers contact lenses and lens care products. In April 2021, the company launched Systane Hydration Multi Dose Preservative Free (MDPF) lubricant eye drops. The market also has the presence of a few other major players, such as Bausch Health Companies Inc., Carl Zeiss AG, Johnson and Johnson Inc., Lumenis Ltd., and Novartis AG.

The eye care surgical devices market is fragmented with the presence of many global and local vendors. The market is highly competitive, and the vendors offer numerous products, which is increasing the market competition.

Key strategies used by vendors to overcome the above challenges have been identified by Technavio. To maintain their position in the market, new players in the market should understand the critical business policies and identify the product portfolio of the existing companies. Small and regional vendors are forming strategic alliances with global companies to gain a portion of the market.

Technavio's reports provide key strategic initiatives used by vendors, along with key news and the latest developments. View our FREE PDF Sample Report Now

The eye care surgical devices market size is expected to grow by 3.49 bn from 2020 to 2025. In addition, the growth momentum of the market will accelerate at a CAGR of 5.86% during the forecast period.

Technavio provides a comprehensive report summary describing the market size and forecast along with research methodology. The sample report is available in PDF format

Vendors in the eye care surgical devices market can take advantage of a few factors that will work in their favor. One of these factors includes the high incidence of eye diseases, particularly in industrialized and middle-income countries. Glaucoma, Cataract, retinal tears or holes, macular degeneration, diabetic retinopathy, myopia, hyperopia, and astigmatism are the most common eye disorders. According to the World Health Organization (WHO), in 2019, around 2.2 billion people were visually impaired globally because of eye diseases. As a result, the need for ophthalmic surgeries is rising, which, in turn, is resulting in a rise in the revenue inflow in the market.

Technavio has identified key trends, drivers, and challenges in the market, which will help vendors improve their strategies to stay ahead of their competitors. View our FREE PDF Sample Report

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Executive Summary

Market Landscape

• Market ecosystem
• Market characteristics
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2020
• Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Application

• Market segments
• Comparison by Application
• Cataract Surgery - Market size and forecast 2020-2025
• Glaucoma surgery - Market size and forecast 2020-2025
• Diabetic eye surgery - Market size and forecast 2020-2025
• Others - Market size and forecast 2020-2025
• Market opportunity by Application

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• North America - Market size and forecast 2020-2025
• Europe - Market size and forecast 2020-2025
• Asia - Market size and forecast 2020-2025
• ROW - Market size and forecast 2020-2025
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Alcon Inc.
• Bausch Health Companies Inc.
• Carl Zeiss AG
• Johnson and Johnson Inc.
• Lumenis Ltd.
• Novartis AG
• Quantel Medical
• TissueTech Inc.
• Topcon Corp.
• Ziemer Ophthalmic Systems AG

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

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