July 07, 2020
According to the research report titled ‘Global Surgical Ophthalmology Market – Analysis By Surgery Type, Product, End User (Hospital, Eye Clinics), By Region, By Country (2020 Edition): Market Insight, Competition and Forecast (2020-2025)’, available with Market Study Report LLC, global surgical ophthalmology market size accounted for USD 10625.74 million in 2019 and is expected to grow considerably during 2020-2025.
Rising elderly population in tandem with growing demand for high-quality and advanced healthcare services are major factors driving the growth of surgical ophthalmology market. Increased pervasiveness of diabetes leading to glaucoma and diabetic retinopathy is further aiding the market expansion. Moreover, high occurrence of trachoma due to infections caused by Chlamydia trachomatis has impelled the demand for ocular surgery, which in turn is stimulating the industry outlook.
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As per surgery type, the market is split into refractive, vitreoretinal, cataract and others. The report states that cataract surgery segment is predicted to grow significantly during the forecast period. Increasing number of cataract surgeries among geriatric population along with advancements in intraocular lens have improved the reliability on implantable devices for vision enhancement, thereby fueling the segmental share.
Considering the geographical landscape, global surgical ophthalmology industry is divided into regions namely, Americas, Asia-Pacific and Europe with primary focus on countries including Mexico, Canada, U.S., India, Japan, China, Czech Republic, France, Portugal and Germany among others.
Meanwhile, the report cites that Asia-Pacific market is slated to witness highest growth rate through 2025, followed by Americas and Europe.
Lenstec Inc., NIDEK Co. Ltd., Glaukos Corp., Carl Zeiss Meditec AG, STAAR Surgical Co., Topcon Corp., Alcon, Johnson & Johnson, Bausch Health Co. Inc. and Hoya Corporation are the major participants in global surgical ophthalmology industry.