The global ophthalmic ultrasound systems market for the historical period 2017–2018 and forecast period 2019–2027, high prevalence of ocular disorder and diseases, to escalate the growth of global ophthalmic ultrasound systems market. Moreover, surge in geriatric population with glaucoma to drive the global ophthalmic ultrasound systems market during the forecast period
According to the report, the global ophthalmic ultrasound systems market was valued at US$ 2.87 Bn in 2018 and is anticipated to expand at a CAGR of 5.1% from 2019 to 2027
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Rise in Focus on Research & Development and Rise in Awareness about Cataract: Key Drivers of Global Ophthalmic Ultrasound Systems Market
Adverse effects of rising pollution leading to cause eye dryness, redness and hampering vision. For instance, According to WHO, in 2017, 71% of air pollution caused in cities in China was tailpipe emission which adversely affects the eyes and leads to cause diseases such as conjunctiva. Thus, surge in number of people with various ophthalmic disease and disorders leading to increase in demand for the several ophthalmic devices and equipment thereby drive the growth of ophthalmic ultrasound system market. To address these demands, large number of key players are actively involved in research and development of the existing ophthalmic ultrasound devices and introduce new ophthalmic ultrasound systems thereby boosting the ophthalmic ultrasound system market
Cataract is the clouding of the lens in the eye, which initially prevents clear vision and eventually progresses to blindness, if left untreated. The WHO estimates that more than 22 million people are bilaterally blind from cataract in the world in 2017. The WHO Action Plan for the prevention of blindness from 2014 to 2019 was approved by the World Health Assembly in May, 2013. VISION 2020 is based on the concept of a broad coalition of all international, nongovernmental, and private organizations that collaborated with WHO, in order to prevent blindness. Thus, government and private organizations initiatives to increase awareness about cataract is anticipated to drive the growth of ophthalmic ultrasound system market
Increase in Prevalence of Ocular Disorders and Diseases Propel Global Ophthalmic Ultrasound Systems Market Growth
The ophthalmology industry expanding at a consistent pace in prevalence of several eye disorders that directly influences the demand for various ophthalmology platforms. Cataract and glaucoma are few of the increasing disorders that significantly hamper the daily lives of patients. This increase in disorders results in escalating health care spending and declining productivity. According to the BrightFocus Foundation, estimated more than 3 million Americans are living with glaucoma and 2.7 million of whom-aged 40 and older-are affected by its most common form. Thus, rise in prevalence of ophthalmic diseases is anticipated to drive the growth of ophthalmic ultrasound system market
Adoption of Novel Ophthalmic Technologies Fuel Global Ophthalmic Ultrasound Systems Market Growth
Novel technological platforms render enhanced imaging reliability, accuracy, safety, and minimal post operative pain with the adoption of minimally invasive surgeries
Several manufacturers are investing heavily on the development of novel diagnostic and surgical platforms in order to cater to the need and demand from patients. This results in enhanced growth and acceptance of several ophthalmology devices and thereby drive the growth of ophthalmic ultrasound system market
High Pricing of Hi-tech Ophthalmology Systems Hamper the Growth of Ophthalmic Ultrasound System Market
Price associated with hi-tech ophthalmology system is expected to restrain the growth of ophthalmic ultrasound system market. Prolonged approval timeline due to stringent regulations by regulatory authorities, such as the U.S. Food and Drug Administration (FDA), European CE Mark, and Japan FDA, has collectively led to high pricing of the medical devices. The prime customers of these devices, such as hospitals and specialty clinics are adversely affected by the high price of devices and thereby hamper the growth of global ophthalmic ultrasound system market
Global Ophthalmic Ultrasound System Market: Competitive Landscape
This report profiles major players in the global ophthalmic ultrasound system market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments
The global ophthalmic ultrasound system market is highly fragmented, with the presence of a number of international as well as regional players
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Leading players operating in the global ophthalmic ultrasound system market are
- Ametek, Inc.
- Carl Zeiss Meditec AG
- Halma plc
- NIDEK CO., LTD.
- Ellex Medical Lasers Ltd
- Quantel Medical (Lumibird)
- Optos plc (Nikon Corporation)
- Escalon Medical Corp.
- Appasamy Associates
- Micro Medical Devices, Inc.
Key Questions Answered in Global Ophthalmic Ultrasound Systems Market Report
- What is the scope of growth for product companies in the global ophthalmic ultrasound systems market?
- What will be the Y-o-Y growth of the global ophthalmic ultrasound systems market between 2019 and 2027?
- What is the influence of changing trends in technologies on the global ophthalmic ultrasound systems market?
- Will North America continue to be the most profitable market for ophthalmic ultrasound systems providers?
- Which factors are anticipated to hamper the growth of the global ophthalmic ultrasound systems market during the forecast period?
- Which are the leading companies in the global ophthalmic ultrasound systems market?
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Global Ophthalmic Ultrasound Systems Market – Segmentation
- Combined Scan
- Ultrasound Bio Microscope (UBM)
- Eye Research Institutes
- Ambulatory Surgical Centers
- Ophthalmic Clinics
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
TABLE OF CONTENT
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions and Research Methodology
3. Executive Summary : Global Ophthalmic Ultrasound Systems Market
4. Market Overview
4.1.2. Industry Evolution / Developments
4.3. Market Dynamics
4.4. Global Ophthalmic Ultrasound Systems Market Analysis and Forecasts, 2017–2027
5. Key Insights
5.1. Epidemiology of Ophthalmic Diseases by Country/Sub-region
5.2. Major Hospitals and Societies Associated with Ophthalmology around the World
5.3. Major Organizations Associated with Ophthalmology
5.4. Global Ophthalmic Ultrasound Product Comparison
5.5. Key Industry Events (Product Launch, Approval, Key Merger and Acquisitions, etc.
6. Global Ophthalmic Ultrasound Systems Market Analysis and Forecasts, by Product
6.1. Introduction & Definition
6.2. Key Findings / Developments
6.3. Global Ophthalmic Ultrasound Systems Market Value Forecast by Product, 2017–2027
6.3.3. Combined Scan
6.3.5. Ultrasound Bio Microscope (UBM)
6.4. Global Ophthalmic Ultrasound Systems Market Attractiveness by Product
7. Global Ophthalmic Ultrasound Systems Market Analysis and Forecasts, by Modality
7.1. Introduction & Definition
7.2. Key Findings / Developments
7.3. Global Ophthalmic Ultrasound Systems Market Value Forecast by Modality, 2017–2027
7.4. Global Ophthalmic Ultrasound Systems Market Attractiveness by Modality
8. Global Ophthalmic Ultrasound Systems Market Analysis and Forecasts, by End user
8.1. Introduction & Definition
8.2. Key Findings / Developments
8.3. Global Ophthalmic Ultrasound Systems Market Value Forecast by End user, 2017–2027
8.3.2. Eye Research Institutes
8.3.3. Ambulatory Surgical Centers
8.3.4. Ophthalmic Clinics
8.4. Global Ophthalmic Ultrasound Systems Market Attractiveness by End user
9. Global Ophthalmic Ultrasound Systems Market Analysis and Forecasts, by Region
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