Ophthalmology Market Size - Application, Trends, Growth, Opportunities and Forecast to 2030
The research and analysis conducted in Ophthalmology
Market report helps clients to predict investment in an emerging market,
expansion of market share or success of a new product with the help of global
market research analysis. This marketing report has been designed in such a way
that it provides very evident understanding of the business environment and
Healthcare industry. Nevertheless, this global market research report unravels
many business problems very quickly and easily. Due to high demand and the
value of market research for the success of different sectors, Ophthalmology
Market report is provided that covers many work areas.
The global ophthalmology market is expected to gain market growth in the forecast period of 2023 to 2030. Data Bridge Market Research analyses that the market is growing with a CAGR of 6.4% in the forecast period of 2023 to 2030 and is expected to reach USD 84,655.95 million by 2030, from USD 51,459.32 million in 2022.
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Ophthalmology is a
branch of medicine that deals with the anatomy, physiology, treatment and
surgery of the visual pathways of the eye, including surrounding areas and the
visual aspects of the brain. Ophthalmic devices are medical equipment designed
for surgery, diagnosis, and vision correction. The devices gained increased
importance and adoption due to the high prevalence of several ophthalmic
diseases, such as glaucoma, cataract, and other vision-related issues.
Ophthalmic drugs are medications that are specially designed and administered
for the treatment of various eye-related disorders, including color blindness,
diabetic macular edema, cytomegalovirus (CMV), and age-related macular
degeneration (AMD Global Ophthalmology
Market Scope
Recent Developments
·
The ophthalmology market is a highly consolidated
market, which includes a specific number of key players. The market has
witnessed increased strategic developments owing to a favourable market
scenario.
·
Some of the major players dealing in the global
ophthalmology market are introducing a strong range of products provider along
with launching new services and adopting strategic initiatives such as
acquisition, agreement, business expansion, awards and recognition into the
market. This helped companies to maximize sales with an enhanced service
portfolio.
Some of the major
players operating in this market are Alcon, Regeneron Pharmaceuticals Inc.,
Johnson & Johnson, Inc., Novartis AG, Bausch & Lomb Incorporated, HOYA
Corporation., The Cooper Companies Inc., Santen Pharmaceutical Co., Ltd., F.
Hoffmann-La Roche Ltd, Carl Zeiss Meditec AG, AbbVie Inc., EssilorLuxottica,
NIDEK CO., LTD., TOPCON CORPORATION, Glaukos Corporation., STAAR SURGICAL,
Metall Zug AG, Sun Pharmaceutical Industries Ltd., Lumenis Be Ltd., Pfizer
Inc., and Ziemer Ophthalmic Systems AG, among others.
Global
Ophthalmology Market Report is available (Including the full TOC, Tables and
Figures, Graphs as well as Chart) @ https://www.databridgemarketresearch.com/reports/global-ophthalmology-market
Drivers
·
Rising
prevalence of ophthalmic disorders & ocular pains
Ophthalmic disorders
are the vital cause of major ocular and orbital pains in the eye. Ocular pain
occurs over the surface of the eyes along with symptoms such as scratching,
burning, or itching sensation. This may be due to multiple reasons, including
irritation from foreign objects, infection or trauma. Eyelashes or pieces of
dirt, smoke, dust or some harsh eye cosmetics are the common causes leading to
ocular pain, redness, and watery eyes.
The prevalence of
ocular pain keeps showing a surge in growth as chemical industries and
pollution around the world are growing. Chemical burns and flash burns cause
significant and severe ocular pain due to irritations over the eye surface.
Style and blepharitis lead to severe ocular pain as they cause eye and oil
glands to be more sensitive around the area. The affirmative factor states that
this is the major driver for the global ophthalmology market.
·
Rise
in traumatic injuries
Traumatic head
injury is one of the causes of such disorders as optic nerve disorders. A
traumatic injury is a physical injury that occurs suddenly with a certain
degree of severity. Trauma can be caused by a variety of external injuries. The
most common causes of traumatic injury include road accidents, sports injuries,
and violence, among others which can lead to some serious eye disorders as
well. The prevalence of such traumatic injuries is highly seen worldwide.
Hence, such
traumatic injuries lead to optic nerve disorders, which are affecting the population
in these years and it is increasing with the rising population. Therefore, a
rise in traumatic injuries is expected to drive market growth.
Global Ophthalmology Market Scope
The global
ophthalmology market is segmented into products, disease, prescription mode,
drug type, route of administration, end user, and distribution channel. The
growth amongst these segments will help you analyze meager growth segments in
the industries and provide the users with a valuable market overview and market
insights to make strategic decisions to identify core market applications.
Products
·
Device
·
Drugs
·
Others
On the basis of
products, the ophthalmology market is segmented into devices, drugs, and
others.
Diseases
·
Glaucoma
·
Cataract
·
Age-Related Macular Degeneration
·
Inflammatory Diseases
·
Refractive Disorders
·
Others
On the basis of
diseases, the ophthalmology market is segmented into glaucoma, cataracts,
age-related macular degeneration, inflammatory diseases, refractive disorders,
and others.
Prescription Mode
·
Generic
·
Branded
On the basis of
prescription mode, the ophthalmology market is segmented into generic and
branded.
Drug Type
·
Prescription
·
Over the Counter (OTC)
On the basis of drug
type, the ophthalmology market is segmented into prescription and
over-the-counter (OTC).
Route of Administration
·
Oral
·
Topical
·
Injectables
·
Local Ocular
·
Others
On the basis of
route of administration, the ophthalmology market is segmented into oral,
topical, injectables, local ocular and others.
End User
·
Hospitals
·
Clinics
·
Home Healthcare
·
Others
On the basis of end
user, the ophthalmology market is segmented into hospitals, clinics, home
healthcare, and others.
Distribution Channel
·
Direct Tender
·
Retail Sales
·
Others
On the basis of
distribution channels, the ophthalmology market is segmented into direct
tender, retail sales, and others.).
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