Eye Care Surgical Devices Market: A Deep Dive Into Factors that will Help Vendors Stay Ahead of Competitors - Technavio
14 Sep 2022
Vendors are deploying organic and inorganic growth strategies to compete in the market
NEW YORK, Sept. 14, 2022 /PRNewswire/ -- One of the key vendors operating in the eye care surgical devices market is Alcon Inc. The company offers contact lenses and lens care products. In April 2021, the company launched Systane Hydration Multi Dose Preservative Free (MDPF) lubricant eye drops. The market also has the presence of a few other major players, such as Bausch Health Companies Inc., Carl Zeiss AG, Johnson and Johnson Inc., Lumenis Ltd., and Novartis AG.
Challenges Faced by Eye Care Surgical Devices Market Vendors
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Source: PRNewswire
Technavio has announced its latest market research report titled Global Eye Care Surgical Devices Market
The eye care surgical devices market is fragmented with the presence of many global and local vendors. The market is highly competitive, and the vendors offer numerous products, which is increasing the market competition.
Key Vendor Strategies to Overcome Market Challenges
Key strategies used by vendors to overcome the above challenges have been identified by Technavio. To maintain their position in the market, new players in the market should understand the critical business policies and identify the product portfolio of the existing companies. Small and regional vendors are forming strategic alliances with global companies to gain a portion of the market.
Technavio's reports provide key strategic initiatives used by vendors, along with key news and the latest developments. View our FREE PDF Sample Report Now
Market Growth Potential
The eye care surgical devices market size is expected to grow by 3.49 bn from 2020 to 2025. In addition, the growth momentum of the market will accelerate at a CAGR of 5.86% during the forecast period.
Technavio provides a comprehensive report summary describing the market size and forecast along with research methodology. The sample report is available in PDF format
Factors that will Drive the Market
Vendors in the eye care surgical devices market can take advantage of a few factors that will work in their favor. One of these factors includes the high incidence of eye diseases, particularly in industrialized and middle-income countries. Glaucoma, Cataract, retinal tears or holes, macular degeneration, diabetic retinopathy, myopia, hyperopia, and astigmatism are the most common eye disorders. According to the World Health Organization (WHO), in 2019, around 2.2 billion people were visually impaired globally because of eye diseases. As a result, the need for ophthalmic surgeries is rising, which, in turn, is resulting in a rise in the revenue inflow in the market.
Technavio has identified key trends, drivers, and challenges in the market, which will help vendors improve their strategies to stay ahead of their competitors. View our FREE PDF Sample Report
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Ophthalmology Surgical Devices Market by Product and Geography - Forecast and Analysis 2022-2026: Factors such as high cost and limited reimbursements may challenge the market growth.
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Table of Contents
Market Landscape
Market ecosystem
Market characteristics
Value chain analysis
Market Sizing
Market definition
Market segment analysis
Market size 2020
Market outlook: Forecast for 2020 - 2025
Five Forces Analysis
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
Market Segmentation by Application
Market segments
Comparison by Application
Cataract Surgery - Market size and forecast 2020-2025
Glaucoma surgery - Market size and forecast 2020-2025
Diabetic eye surgery - Market size and forecast 2020-2025
Others - Market size and forecast 2020-2025
Market opportunity by Application
Geographic Landscape
Geographic segmentation
Geographic comparison
North America - Market size and forecast 2020-2025
Europe - Market size and forecast 2020-2025
Asia - Market size and forecast 2020-2025
ROW - Market size and forecast 2020-2025
Key leading countries
Market opportunity by geography
Market drivers
Market challenges
Market trends
Vendor Landscape
Overview
Landscape disruption
Vendor Analysis
Vendors covered
Market positioning of vendors
Appendix
Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide 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.
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Technavio Research
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Website: www.technavio.com/
Newsroom: newsroom.technavio.com/news/eye-care-surgical-devicesmarket
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