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Global Europe Ophthalmology Drug and Device Market 2019 Leading Company Analysis by Size, Share, Types, Applications, Growing Demand Status, Recent Technologies, Forecast to 2024

May 17, 2019

Europe Ophthalmology Drug and Device

The primary goal of this Global Europe Ophthalmology Drug and Device Market report is to maintain the record of Unusual growth strategies adopted by various companies are creating new standards for competition in the global Europe Ophthalmology Drug and Device market. Businesses around the world are aiming at increasing their profit margin and establishing a stronghold in the global market. The impact of prevailing regulatory scenario on both regional and worldwide Europe Ophthalmology Drug and Device market is provided in detail in the report.

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Key Market Trends:

Cataract Surgery Devices are Expected to Hold a Significant Market Share in the Surgical Device Type

According to the Royal College of Ophthalmologists, the United Kingdom, around 330,000 cataract operations are performed each year in England alone. It has been estimated that 30% of people aged 65 years or older have a visually impairing cataract in one or both eyes. Some populations tend to have a much higher prevalence of cataracts. For instance, 77% of British people, aged 42 years or older, originating from the Indian Subcontinent have cataracts. There is a threefold variation in the number of people having cataract surgery across England, owing to differences in health commissioning policies.

Europe Ophthalmology Drug and Device Market Covers Key Players:

  • Abbott Medical Optics Inc.
  • Alcon Inc.
  • Bausch & Lomb Inc.
  • Carl Zeiss Meditec AG
  • Essilor International SA
  • Haag
  • Streit Group
  • Johnson & Johnson
  • Nidek Co. Ltd
  • Topcon Corporation
  • Ziemer Ophthalmic Systems AG

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    Geographical Landscape:

    This Report Focuses on the Europe Ophthalmology Drug and Device in the Global market, especially in North America, China, Europe, Japan, Southeast Asia, India. This report categorizes the market based on manufacturers, regions, type, and application

    Market Overview:

  • The European ophthalmology drug and device market is expected to register a CAGR of 5.3% during the forecast period. Certain factors that are driving the growth of the market are the growing prevalence of eye disease, technological advancements in the field of ophthalmology, and rising geriatric population.
  • According to Eurostat, cataract surgery is one of the most common surgical operations in Europe. This procedure was conducted more than 3.5 million times in 2015. The increasing rate of cataract surgeries has had a high impact on the ophthalmic market, resulting in the high demand for cataract surgery equipment and drugs. After 2012, the numbers have been steadily increasing, because of more and more people opting for cataract surgeries. This has contributed to the rise in demand for various cataract-related devices and drugs.
  • Other factors, such as a large number of eye problems, availability of new and advanced devices, and patient preference for non-invasive treatment are also expected to drive the market in the future.
  • However, with the rise in the rate of eye surgeries being conducted in Europe, the waiting periods have also increased. Waiting time is a highly influential factor when it comes to a patient’s preference for undergoing eye surgeries. Delaying of surgery can have an impact on the patient’s satisfaction and quality of life, because of limited functionality, increased social isolation, anxiety, higher risks for development of more complications, worsening of symptoms, or poorer prognosis and outcome following surgery. Therefore, due to longer waiting periods in some European countries, patients are opting for foreign destinations for their surgery and treatment. In many areas, cataract surgery accounts for over half of all ophthalmic surgeries. Although the European ophthalmic market shows great promise due to the increasing number of eye surgeries, it still faces challenges, owing to increased waiting periods for surgery.
  • Additionally, the high risk associated with eye surgery, lack of skilled technicians, and stringent regulations are also restraining the market.

    Report Highlights:

    – The report provides a detailed analysis on current and future market trends to identify the investment opportunities

    – Market forecasts till 2024, using estimated market values as the base numbers

    – Key market trends across the business segments, Regions and Countries

    – Key developments and strategies observed in the market

    – Market Dynamics such as Drivers, Restraints, Opportunities and other trends

    – In-depth company profiles of key players and upcoming prominent players

    – Growth prospects among the emerging nations through 2024

    – Europe Ophthalmology Drug and Device Market opportunities and recommendations for new investments

    Price Of Report: $ 3850 (SUL)

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    Detailed TOC of Europe Ophthalmology Drug and Device Market Research Report 2019 – 2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.2.1 Growing Prevalence of Eye Disease
    4.2.2 Technological Advancements in the Field of Ophthalmology
    4.2.3 Rising Geriatric Population
    4.3 Market Restraints
    4.3.1 High Risk Associated with Eye Surgery
    4.3.2 Long Waiting Time for Surgeries
    4.3.3 Stringent Regulations
    4.4 Porter’s Five Forces Analysis
    4.4.1 Threat of New Entrants
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Bargaining Power of Suppliers
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 Device
    5.1.1 Surgical Device
    5.1.1.1 Glaucoma Surgery Devices
    5.1.1.2 Cataract Surgery Devices
    5.1.1.3 Refractive Surgery Devices
    5.1.1.4 Vitreoretinal Surgery Devices
    5.1.1.5 Othe Surgical Devices
    5.1.2 Diagnostic and Monitoring Device
    5.1.2.1 Fundus Cameras
    5.1.2.2 Ophthalmoscopes
    5.1.2.3 Retinoscopes
    5.1.2.4 Keratometers
    5.1.2.5 Wavefront Aberrometers
    5.1.2.6 Tonometers
    5.1.2.7 Ophthalmic Ultrasound Imaging Systems
    5.1.2.8 Optical Coherence Tomography Scanners
    5.1.2.9 Visual Field Analyzers
    5.1.2.10 Slit Lamps
    5.1.2.11 Other Diagnostic and Monitoring Devices
    5.1.3 Vision Care
    5.1.3.1 Spectacles
    5.1.3.2 Contact Lens
    5.2 Drug
    5.2.1 Glaucoma Drugs
    5.2.2 Retinal Disorder Drugs
    5.2.3 Dry Eye Drugs
    5.2.4 Allergic Conjunctivitis and Inflammation Drugs
    5.2.5 Other Drugs
    5.3 Geography
    5.3.1 Europe
    5.3.1.1 UK
    5.3.1.2 Germany
    5.3.1.3 France
    5.3.1.4 Italy
    5.3.1.5 Spain
    5.3.1.6 Rest of Europe

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Abbott Medical Optics Inc.
    6.1.2 Alcon Inc.
    6.1.3 Bausch & Lomb Inc.
    6.1.4 Carl Zeiss Meditec AG
    6.1.5 Essilor International SA
    6.1.6 Haag-Streit Group
    6.1.7 Johnson & Johnson
    6.1.8 Nidek Co. Ltd
    6.1.9 Topcon Corporation
    6.1.10 Ziemer Ophthalmic Systems AG

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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