The advanced ophthalmology technologies market is expected to witness significant growth, at a CAGR of 10.61% with a valuation of USD 14, 411.56mn as compared to its previous market value of USD 7,841.76mn in 2020.
Researchmoz sheds some light on market insights including market size, drivers, restraints, trends, opportunities, and competitive landscape.
The increasing cases of eye diseases such as cataracts, glaucoma, and other eye conditions are expected to drive the advanced ophthalmology technologies market.
Factors Driving and Restraining the Market
The global advanced ophthalmology technologies market is surely projected to witness sizeable growth in the coming years. Some of the factors that will drive and restrain the market are as follows.
- The increasing geriatric population is projected to expand the advanced ophthalmology technologies market during the forecast period.
- The growing eye diseases irrespective of age are expected to surge the demand for advanced ophthalmology technologies.
- The rising awareness and increasing initiatives by the government are paving the way for the demand for advanced ophthalmology technologies.
- The increasing research and development in this sector are likely to owe to the growth of the market in the coming years.
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The global advanced ophthalmology technologies market is certainly expected to experience considerable growth from 2019 to 2027, at a CAGR of 10.61% and an estimated market value of USD 14, 411.56mn by 2027.
The recent developments in advanced ophthalmology technologies for advanced-stage patients with macular eye disease are an incredible step, which may lead to humongous growth in the future.
Further, innovative products such as orbital tissue expander that treats eye diseases due to trauma and robot scanner that detects early-stage macular disease are proving to be a boon in advanced ophthalmology technologies, which further is expected to upsurge the market growth in coming years.
The diagnostic segment is anticipated to surge, owing to technological advancement and the availability of skilled ophthalmologists.
Some of the current market players in the global advanced ophthalmology technologies market include-
- Johnson & Johnson Services
- Ziemer Ophthalmic Systems Ltd
- Bausch & Lomb Incorporated
- Novartis AG
- Alcon Vision LLC
- Carl Zeiss Meditec AG
- Nidek Co. Ltd
- Topcon Corporation
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