DUBLIN, Nov. 09, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/5qnhj6/global) has announced the addition of the "Global Ophthalmology Devices - Industry Analysis 2015-2019" report to their offering.
The global ophthalmology devices market to grow at a CAGR of 5.30% over the period 2015-2019.
The report, Global Ophthalmology Devices Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC, and EMEA; it also covers the landscape of the global ophthalmology devices market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Vendors are entering into M&A to develop innovative ophthalmology devices and gain a strong foothold in this market. Many ophthalmology devices have lost or will lose their patent exclusivities, negatively affecting revenue generation. Leading vendors are trying to increase their revenue and diversify their product offerings of ophthalmology devices. To meet these requirements, they are acquiring manufacturing companies or their business divisions of ophthalmology devices.
According to the report, manufacturers are investing in R&D to develop advanced technologies. These technologies have improved efficiency and accuracy of ophthalmic devices and helped reduce the duration of ophthalmic surgeries. Innovations such as laser technologies have changed the outlook of the market, particularly for IOLs. The use of femtolaser systems for making incisions during capsulotomy helps reduce human errors. These systems are rapidly being adopted for other ophthalmic surgeries such as cataract operations and keratoplasty.
Further, the report states that regulations governing ophthalmology devices are stringent; only devices that are of high quality and pose minimum risk to individuals obtain approval. Regulatory authorities in each country divide medical devices into different categories based on the products' design, characteristics, complexity, and the potential for injury. The time and cost of device registration and approval vary depending on their risk category and the country of approval.
To calculate the market size, the report considers revenue generated through the sales of the following products:
- Diagnostic products
- Surgical products
- Vision care products
The market is divided into the following segments based on the application:
- Surgical products
- Retinal surgical instruments
- Cataract surgical instruments
- Glaucoma surgical instruments
- Refractive surgical instruments
Vision care products:
- Contact lenses
- Eyewear frames
- Abbott Medical Optics
- Bausch & Lomb
- Carl Zeiss
Other prominent vendor
- A.R.C. Laser
- FCI Ophthalmics
- Guldan Ophthalmics
- Heidelberg Engineering
- Marco Ophthalmic
- STAAR Surgical
- Ziemer Ophthalmic Systems
For more information visit http://www.researchandmarkets.com/research/5qnhj6/global
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SOURCE Research and Markets