OPHTHALMIC DEVICES MARKET ANALYSIS

Regional Analysis

Among region, Asia Pacific is expected to be lucrative market for growth of the global ophthalmic devices market. This is owing to growing healthcare infrastructure, high prevalence of eye diseases, and increasing engagement of government bodies in preventing the cataract and blindness cases among the population. For instance, according to the data published by the Indian Journal of Ophthalmic in September 2018, cataract is responsible for 50–80% of bilateral blindness in India. Moreover, government initiatives such as the National Program for Control of Blindness (NPCB) and Vision 2020 are aimed at eliminating preventable blindness at the national level. Moreover, emerging economies such as China, India, and Japan are expected to witness significant growth in the market, owing to increasing investments by manufacturers in the region. Therefore, these factors are expected to increase adoption of ophthalmic devices in Asia Pacific.

Key players operating in the global ophthalmic devices market include, Carl Zeiss Meditec Group, Escalon Medical Corp., Haag-Streit AG, Heidelberg Engineering GmbH, Heine Optotechnik GmbH & Co. KG, Essilor International S.A., NIDEK CO., LTD., Quantel Medical SAS, Luneau Technology Group, and Topcon Corporation.