Ophthalmology covers anatomy, physiology, treatment and management of diseases related to eyes. Galucoma, macular edema & refractive errors are some of the diseases that affect functionality of eyes. Ophthalmic devices are medical equipment used to diagnose and treat ocular defects or disorders and are available in wide range. Vision correction glasses are the most commonly used ophthalmic devices, wherein contact lenses are expected to grow at fastest pace compared to traditional correction glasses.
Global ophthalmic devices market is segmented into diagnostic, surgical and vision care. Vision care segment accounts for approximately 75% of total market by revenue, owing to increasing adoption of vision correction solutions. For diagnostic devices, top two manufacturers captures approximately half of the market and typically include optical coherence tomography (OCT), transcorneal stimulation devices, ophthalmoscopes, slit lamps and others. Surgical devices consists of excimer lasers (lasik), corneal & intraocular implants and other refractive surgical instruments, wherein cataract surgery devices account for majority of the market followed by artificial lens and ultrasound emulsification instruments.
Factors such as rising prevalence of degenerative ocular diseases, advancements in technologies involving computer aided platforms, increase in research investments, escalating preference for minimally invasive surgeries and favourable government policies are driving the overall growth of the ophthalmic devices market. Although, the market shows promising growth, but lack of skilled ophthalmologists, market saturation in developed countries, complex tax reforms and stringent regulatory policies related to approval of new devices would relatively slow down the market growth.
Manufacturers have increased their R&D investment, which has resulted in development of more advanced ophthalmic devices. The advanced ophthalmic devices have reduced total surgery time and increased accuracy of the surgical procedures. Now days, ophthalmologists are using technologies like femtolaser to make incisions during cataract operations and keratoplasty, resulting in reduction of human errors.
ASDReport.com has an extensive array of reports on ophthalmic devices. The reports cover technologies and other topics related to various ophthalmic devices like aspherical lens, ocular disorder device, ophthalmic product & laser, slit lamp microscope, tonometer, vision screener and much more.