Ophthalmic Viscosurgical Devices Market share to hit $790mn by 2024: Fractovia.org Fuel Cell Market size worth $25.5bn by 2024
Key Insights of Ophthalmic Viscosurgical Devices Market: • According to Global Market Insights, Inc., Ophthalmic Viscosurgical Devices Industry worth more than USD 280 million in 2015, is set to cross a revenue of USD 790 million by 2014, increasing exponentially at a CAGR of 10% over 2016-2024. • With the rising global elderly population, vulnerable to myriad ocular conditions, ophthalmic viscosurgical devices industry is all set to witness a humongous surge over the coming years. • One of the principal reasons of recurring eye diseases is the lack of periodic eye checkups, which contributes to delayed disease detection. • With cataract touted to be one of the major causes of blindness worldwide, accurate diagnosis becomes a mandate in order to commence the correct treatment. • The trend of timely screening and treatment and the eventual rise in the number of surgical procedures will propel ophthalmic viscosurgical devices market in cataract surgery.
Continued… • This application segment is projected to grow at a CAGR of more than 12.6% over 2016-2024, having accounted for more than 49% of the overall revenue in 2015. • The U.S. holds a record of more than 10 million cataract procedures being performed annually, which will stimulate business growth. • An ever-growing geriatric population highly prone to ocular conditions such as glaucoma, high myopia, cataract, diabetic retinopathy, and retinochoroidal degeneration will propel Japan ophthalmic viscosurgical devices market. • Vitreoretinal surgery is one of the key application segments of ophthalmic viscosurgical devices industry. This procedure helps enhance vision for ocular conditions such as diabetic vitreous haemorrhage, macular degeneration, and diabetic retinopathy. • Worldwide ophthalmic viscosurgical devices industry is fiercely competitive and ruled by established giants such as Carl-Zeiss, Abbott Medical Optics, Alcon, and Bausch & Lomb, who collectively held more than 50% of industry revenue in 2015.
U.S. Ophthalmic Viscosurgical Devices Market Size, By Application, 2012-2024 (USD Million)
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Table of Contents: Chapter 1. Methodology and Scope 1.1 Research Methodology 1.1.1 Initial data exploration 1.1.2 Statistical model and forecast 1.1.3 Industry insights and validation 1.1.4 Research scope and assumptions 1.2 Data Sources 1.2.1 Primary Sources 1.2.2 Secondary Sources Chapter 2. Executive Summary 2.1 Ophthalmic viscosurgical devices industry 3600 synopsis, 2012 - 2024 2.1.1 Business trends 2.1.2 Product trends 2.1.3 Application trends 2.1.4 Regional trends Chapter 3. Ophthalmic Viscosurgical Devices Industry Insights 3.1 Industry segmentation 3.2 Industry size & forecast, 2012 - 2024 3.3 Industry impact forces
Continued… 3.3.1. Growth drivers 126.96.36.199 Rapidly growing geriatric population 188.8.131.52 Increasing incidence of ophthalmic and ocular conditions 184.108.40.206 Expanding base of diabetic patients 220.127.116.11 Technological innovations in intraocular lenses (IOLs) 3.3.2. Industry pitfalls & challenges 18.104.22.168 Lack of awareness leading to lower diagnosis rate 22.214.171.124 Shortage of trained ophthalmologists 3.4 Growth potential analysis 3.5 Industry ecosystem 3.6 Reimbursement scenario 3.6.1 U.S. 3.6.2 Europe 3.6.3 China 3.7 Company market share analysis, 2015 3.7.1 Strategy dashboard 3.8 Porter’s analysis 3.9 PESTEL analysis
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