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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Eye Care Surgical Devices Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.86% |
Market growth 2021-2025 |
USD 3.49 billion |
Market structure |
Fragmented |
YoY growth (%) |
5.35 |
Regional analysis |
North America, Europe, Asia, and ROW |
Performing market contribution |
North America at 37% |
Key consumer countries |
US, UK, Germany, China, and France |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Alcon Inc., Bausch Health Companies Inc., Carl Zeiss AG, Johnson and Johnson Inc., Lumenis Ltd., Novartis AG, Quantel Medical, TissueTech Inc., Topcon Corp., and Ziemer Ophthalmic Systems AG |
Market Dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Browse Health Care Market Reports
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
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research
Jesse Maida
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Email: [email protected]
Website: www.technavio.com/
Newsroom: newsroom.technavio.com/news/eye-care-surgical-devicesmarket
SOURCE Technavio
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