North America Ophthalmic devices Market

High adoption of digital Medical devices is fueling the growth of North America Ophthalmic
devices Market
Overview
Ophthalmic devices are medical devices utilized in identity and treatment of ocular defects and
eye issues. The increasing occurrence of eye disorders and imaginative and prescient loss are
pushing the demand for ophthalmic devices worldwide. Ophthalmology is a branch of medical
sciences that deals with the shape, characteristics, and numerous eye illnesses. The ophthalmic
devices are a scientific device designed for prognosis, surgical, and vision correction purposes.
These devices gain extended significance and adoption due to the high occurrence of various
ophthalmic diseases inclusive of glaucoma, cataract, and different vision associated problems.
The ophthalmology field requires medical devices for numerous functions which include
analysis, imaginative and prescient care, and surgery. The development of modern devices and
growing software technology in ophthalmology has paved way for customers to have realistic
and affordable solutions for numerous eye-related disorders together with vitreoretinal
disorders, refractor disorders, and cataract.
According to WHO, an expected 253 million humans live with prescient impairment issues, out
of which 36 million are blind and 217 million have moderate to extreme vision impairment.
Cataract is responsible for 48% of the population turning into absolutely blind. Further, extra
than 60 million human beings suffer from glaucoma and this wide variety is predicted to attain
80 million by using 2020. Increasing old population is also ensuing in more human beings
tormented by refractive errors.
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North America Ophthalmic devices market was worth $ 11.26 billion in 2016 and anticipated to
be developing at a CAGR of 5.8 %, to reach $ 14.93 billion by 2021.
Drivers and Restraints:

One of the primary factors of the upward trend in the ophthalmic device's market is the
growing geriatric population. It is discovered that the elderly are extra at risk of developing eyeassociated
issues, rising frequency of normal existence related diseases, developing relevance
of era in ophthalmology, consisting of glaucoma and dry eye, and are the target customers of
ophthalmic device producers.
However, an excessive cost of a few gadgets, in particular, the ones which might be exported.
Additionally, the shortage of skilled experts, especially in the rural regions of rising economies,
is another high problem for manufacturers are hampering the market growth.
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Geographic Segmentation
Based on North America geography the market is segmented into numerous areas specifically
US and Canada. Among North American international locations in 2011, the U.S. held the
largest share of the market for ophthalmic devices across all segments. The western country
markets are experiencing rigorous competition due to mushrooming local manufacturers at the
same time as outstanding gamers with better marketplace penetration levels, who are focusing
extra on gadgets with diagnosis and surgical operation applications.
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The key players of the market include Alcon Inc., Essilor International S.A., Johnson & Johnson,
Abbott Medical Optics Inc., Bausch & Lomb, Inc., Haag-Streit AG, Topcon Corporation, Carl Zeiss
Meditec AG, Nidek Co. Ltd., and Ziemer Ophthalmic Systems AG.
Scope of the report
The report offers a comprehensive analysis of the industry by providing the estimations of
market potential and forecasts with utmost granularity. Along this, the factors influential in

effecting the market dynamics and trends are discussed in detail at the product level. Further,
the performance of the market at the regional and country-level is assessed and the prospects
with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance,
market position and growth strategies. Comparative analysis on prime strategical activities of
the market players delineating the key developments like mergers & acquisitions,
collaborations and an evaluation of the competitive environment within the industry are
provided. The report also offers a broad outlook of the market along with recommendations
from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and
experience in designing custom reports to meet your specific research needs and assist you in
making well-informed decisions.
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