text: Ophthalmic Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2026
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  Ophthalmology is a branch of science that deals with the anatomical and physiological study of eyes. Ophthalmic equipment are used to monitor, diagnose, and prevent ophthalmic disorders such as cataract and glaucoma. These also include devices used to improve vision such as spectacles and contact lenses.
  The global ophthalmic equipment market is primarily driven by increasing geriatric population. Aging increases the prevalence of cataract, glaucoma, diabetes, and ophthalmic complications associated with diabetes. Age-related macular degenerations (AMD), technological advancements, government initiatives for old visually impaired patients such as free of cost camps for eye check-up and cataract problems, and rise in adoption of contact lenses and spectacles also propel the market. However, high cost of ophthalmic contact lenses and ophthalmic devices, increase in adoption of refurbished ophthalmic devices, less access to eye care products for low income group, lack of skilled ophthalmologists, and poor reimbursement policies for ophthalmic devices act as restraints of the global ophthalmic equipment devices market.
  The global ophthalmic equipment market can be segmented based on product type, end-user, and region. In terms of product type, the market can be classified into vision care products, ophthalmic surgical devices, and diagnostic & monitoring devices. The vision care products segment can be bifurcated into spectacles and contact lenses. The contact lenses sub-segment can be categorized into soft contact lenses, rigid gas permeable lenses, and hybrid contact lenses. The ophthalmic surgical devices segment can be divided into cataract surgical devices, vitreoretinal surgical devices, refractive surgical devices, glaucoma surgical devices, ophthalmic microscopes, and ophthalmic accessories. The cataract surgical devices sub-segment can be classified into intraocular lenses, ophthalmic viscoelastic devices, phacoemulsification devices, cataract surgical devices, and IOL injectors. The vitreoretinal surgical devices sub-segment can be categorized into vitreoretinal devices, vitrectomy machines, photocoagulation lasers, illumination devices, and vitrectomy probes. The refractive surgical devices sub-segment can be divided into femtosecond lasers, excimer lasers, and other refractive surgical lasers. The glaucoma surgical devices sub-segment can be bifurcated into glaucoma drainage devices and microinvasive glaucoma surgical devices.
  The ophthalmic accessories sub-segment can be classified into surgical instruments & kits, ophthalmic forceps, ophthalmic spatulas, ophthalmic tips & handles, ophthalmic scissors, macular lenses, ophthalmic cannulas, and others. The diagnostic & monitoring devices segment can be categorized into optical coherence tomography scanners, fundus cameras, perimeters or visual analyzers, autorefractors & keratometers, ophthalmic ultrasound imaging systems, tonometers, slit lamps, phoropters, wavefront aberrometers, optical biometry systems, ophthalmoscopes, and others. The ophthalmic ultrasound imaging systems segment can be divided into ophthalmic A-scan ultrasound, ophthalmic B-scam ultrasound, ophthalmic ultrasound biomicroscopes, and ophthalmic pachymeters. In terms of end-user, the global ophthalmic equipment market can be classified into consumers, hospitals, specialty clinics, and ambulatory surgical centers.
  In terms of region, the global ophthalmic equipment can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America and Europe dominated the global ophthalmic equipment devices due to increase in awareness about early diagnosis of ophthalmic complications such as cataract and glaucoma, technological advancements, and strong reimbursement policies. Asia Pacific is a potential market for ophthalmic equipment due to rise in number of cataract cases and skilled health care professionals. Latin America and Middle East & Africa are emerging markets due to increase in government investment in health care and rise in presence of key players.
  Major players in the global ophthalmic equipment market are Essilor, Alcon, Johnson & Johnson Vision Care, Bausch + Lomb, Haag-Streit, Topcon Corporation, Carl Zeiss AG, NIDEK, STAAR Surgical, HOYA, and Ziemer Ophthalmic Systems, among others.
  This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
  Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
  Customer Experience Maps
  Insights and Tools based on data-driven research
  Actionable Results to meet all the business priorities
  Strategic Frameworks to boost the growth journey
  The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
  The following regional segments are covered comprehensively:
  North America
  Asia Pacific
  Europe
  Latin America
  The Middle East and Africa
  The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
  Below is a snapshot of these quadrants.
  1. Customer Experience Map
  The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
  2. Insights and Tools
  The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
  3. Actionable Results
  The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
  4. Strategic Frameworks
  The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
  The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
  1.	What can be the best investment choices for venturing into new product and service lines?
  2.	What value propositions should businesses aim at while making new research and development funding?
  3.	Which regulations will be most helpful for stakeholders to boost their supply chain network?
  4.	Which regions might see the demand maturing in certain segments in near future?
  5.	What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
  6.	Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
  7.	Which government regulations might challenge the status of key regional markets?
  8.	How will the emerging political and economic scenario affect opportunities in key growth areas?
  9.	What are some of the value-grab opportunities in various segments?
  10.	What will be the barrier to entry for new players in the market?
  With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.
  TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.
  Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:
  Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.
  Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.
  Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.
  Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
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