Global Ophthalmology Devices Market Analysis Highlights the Impact of COVID-19 2020-2024 | Increasing Prevalence of Ophthalmic Diseases to Boost Market Growth | Technavio

Technavio has been monitoring the global ophthalmology devices market size and it is poised to grow by USD 13.03 billion during 2020-2024, progressing at a CAGR of over 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global Ophthalmology Devices Market 2020-2024 (Graphic: Business Wire)

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions:

• What was the size of the ophthalmology devices market in 2019?
  
  As per Technavio, the global market size was USD 71.30 billion in 2019.
• Based on segmentation by product, which is the leading segment in the market?
  
  Vision care is the leading segment in the market.
• What is a major trend in the market?
  
  Technological advances in ophthalmology devices.
• At what rate is the market projected to grow?
  
  Growing at a CAGR of over 3%, the market growth will accelerate during the forecast period of 2020-2024.
• Who are the top players in the market?
  
  Alcon Inc., Allergan Plc, Bausch Health Companies Inc., Carl Zeiss AG, Danaher Corp., EssilorLuxottica Group, HOYA Corp., Johnson & Johnson, NIDEK Co. Ltd., and The Cooper Companies Inc. are some of the major market participants.
• What are the key market drivers?
  
  The increasing prevalence of ophthalmic diseases has been instrumental in driving the growth of the market.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Alcon Inc., Allergan Plc, Bausch Health Companies Inc., Carl Zeiss AG, Danaher Corp., EssilorLuxottica Group, HOYA Corp., Johnson & Johnson, NIDEK Co. Ltd., and The Cooper Companies Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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The increasing prevalence of ophthalmic diseases has been instrumental in driving the growth of the market.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Ophthalmology Devices Market 2020-2024: Segmentation

Ophthalmology Devices Market is segmented as below:

• Product
  • Vision Care
  • Ophthalmology Surgical Devices
  • Ophthalmology Diagnostic Devices
• Geographic Landscape
  • North America
  • Europe
  • Asia
  • ROW

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43686

Ophthalmology Devices Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The ophthalmology devices market report covers the following areas:

• Ophthalmology Devices Market Size
• Ophthalmology Devices Market Trends
• Ophthalmology Devices Market Industry Analysis

This study identifies the technological advances in ophthalmology devices as one of the prime reasons driving the ophthalmology devices market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Ophthalmology Devices Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist ophthalmology devices market growth during the next five years
• Estimation of the ophthalmology devices market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the ophthalmology devices market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of ophthalmology devices market, vendors

Table of Contents:

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five forces summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Product

• Market segments
• Comparison by Product
• Vision care - Market size and forecast 2019-2024
• Ophthalmology surgical devices - Market size and forecast 2019-2024
• Ophthalmology diagnostic devices - Market size and forecast 2019-2024
• Market opportunity by Product

Market Segmentation by End-user

• Hospitals and clinics
• ASCs and physicians’ offices
• Optical retailers

Customer Landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• North America - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• Asia - Market size and forecast 2019-2024
• ROW - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

• Vendor Landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Alcon Inc.
• Allergan Plc
• Bausch Health Companies Inc.
• Carl Zeiss AG
• Danaher Corp.
• EssilorLuxottica Group
• HOYA Corp.
• Johnson & Johnson
• NIDEK Co. Ltd.
• The Cooper Companies Inc.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200727005399/en/