Global ophthalmology devices and drugs market is witnessing a significant growth due to the increasing incidence and prevalence of eye related disorders such as presbyopia, macular degeneration, and diabetic retinopathy among the aging population. With the introduction of ophthalmic devices equipped with sophisticated technologies, people are increasingly opting for ophthalmic surgeries to correct their eye related disorders.
This report on ophthalmology devices covers major eye problems such as cataract, refractiveerror and other retinal disorders. The cataract devices market includes intraocular lenses andphacoemulsification devices, the refractive error devices include excimer lasers and contactlenses, and devices for other retinal disorders are vitrectomy systems. The report analyzesfuture potential for all these markets and also technology trends seen in these markets inthe recent past.
The report forecasts, identifies and analyses market trends, drivers, restraints and opportunities, competitive landscape and strategic developments.
Market Estimates and Forecasts
The report categorizes global ophthalmology devices market based on major eye disorders such as cataract, refractive error and other retinal disorders. In addition to market sizes and forecasts, the report identifies and analyzes trends and opportunities for each submarket; providing fifteen market tables for submarkets in the U.S., Europe, Asia Pacific, and Rest of the World (ROW), with the latter comprising of Russia, CIS, Australia, New Zealand, Canada, Mexico, and Africa.
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Global Ophthalmology Devices Market Set to Grow at 7.3% CAGR
The ophthalmology devices studied and segmented in this report are as per their usage in the diagnosis and treatment of eye related diseases and that are cataract, refractive error and other retinal disorders. The devices analyzed are Intra Ocular Lens (Cataract), Phacoemulsification Systems (Cataract), Laser-Assisted In Situ Keratomileusis (LASIK) (Refractive Error), Contact Lens (Refractive Error) and Vitrectomy Systems (Other Retinal Disorders). The total market for the above mentioned devices/equipments is estimated to be ~ $11.3 billion in 2009, growing at a CAGR of 7.3%. Alcon, (U.S.), Bausch & Lomb, (U.S.), Abbott Medical Optics (U.S.), Johnson & Johnson (U.S), are the leading players in the global ophthalmology devices market.
The cataract surgery devices market is estimated at ~ $4.4 billion in 2009 with intraocular lens market comprising ~ 77% of the entire cataract surgery market and growing the fastest with a CAGR of ~ 8.5%. The phacoemulsification market is relatively steady and growing at a rate of 6.8% and is valued at ~ $1 billion in 2009. The refractive error market is estimated at ~ $ 6.7 billion in 2009, with the contact lens market valued at ~ 85% of the total refractive error market and growing at a CAGR of 7.5%.
Global Ophthalmology devices market, by products
The contact lens market contributes the highest amongst the ophthalmology devices market with a share of ~ 48%, followed by IOLs (Intraocular lens) with 28%.
The U.S. commands the largest share of the global ophthalmology devices market, primarily due to high patient awareness, quality of healthcare services, and systemized reimbursement structure. Technological developments such as femtosecond lasers are also gaining popularity due to the greater patient comfort they facilitate over conventional lasers; and because they enable customized treatment based on the individual eye dimensions of each patient.
The ophthalmology devices market witnessed an increase in new product launches in the year 2009. The total number of ophthalmology device patents filed globally dipped in the year 2008, and rose again in 2009 due to increased R&D activity in the market.
Table of contents
Refractive error market
Other retinal disorders
1.1 Key take-aways
1.2 Report description
1.3 Markets covered
1.4 Research methodology
3 Market overview
3.1 Market Overview
3.2 Market Analysis
3.3 Market challenges
3.4 Market opportunities
3.5 Competitive landscape
3.6 Patent trends
4 Cataract market
4.2 Cataract solutions
4.3 Market potential
4.4 Future outlook
4.5 Drivers, restraints, & opportunities
4.5.1 Cataract backlog shows huge potential
4.5.2 High surgery cost
4.5.3 Low penetration in developing countries
4.6 TECHNOLOGY TRENDS
4.6.1 Femtosecond lasers
4.6.2 Use of Multifocal implant
4.6.3 Other technology developments
4.7 Intraocular Lens Market
4.7.2 Drivers, restraints, & opportunities
220.127.116.11 Advancements in technologies
18.104.22.168 High cost of IOLs
22.214.171.124 Phakic IOLs
4.7.3 TECHNOLOGY TRENDS
126.96.36.199 Implant edge design
188.8.131.52 Accommodating implants
184.108.40.206 Implants that correct optical aberrations
4.8 Phacoemulsification devices
4.8.2 Drivers & Restraints
220.127.116.11 Increased consumer preference due to reduced risk
18.104.22.168 High cost of phacoemulsification systems
22.214.171.124 Lack of trained ophthalmologists
126.96.36.199 Bimanual phacoemulsification systems
188.8.131.52 Reduced intraocular pressure
4.8.4 TECHNOLOGY TRENDS
5 Refractive Error
5.2 Refractive error solutions
5.3 Market Potential
5.4 Future outlook
5.5 Drivers, restraints, & opportunities
5.5.1 Shift in consumer preference
5.5.2 Lack of insurance
5.5.3 Initiatives by Refractive Error Committee
5.6 TECHNOLOGY TRENDS
5.6.1 Easy diagnosis of refractive error
5.6.2 Other TECHNOLOGY TRENDS
5.7 Excimer – LASer
5.7.2 Drivers, restraints, & opportunities
184.108.40.206 Expansion of applications
220.127.116.11 Long term effects of LASIK cannot be determined
18.104.22.168 High Initial Investment in LASIK Equipment
22.214.171.124 Potential among Generation Y
5.7.3 TECHNOLOGY TRENDS
126.96.36.199 Wavefront LASIK eye surgery
188.8.131.52 Laser Assisted Sub-Epithelial Keratomileusis
5.8 Contact lens
5.8.2 Drivers & restraints
184.108.40.206 Increased comfort
220.127.116.11 High cost of maintenance while using contact lens
18.104.22.168 Risks associated with the usage of contact lens
22.214.171.124 Bionic contact lens
126.96.36.199 Use of lenses while sleeping
5.8.4 TECHNOLOGY TRENDS
188.8.131.52 Gas permeable contact lenses
6 Other retinal disorders
6.2 Drivers & opportunities
6.2.1 Increase in diabetic retinopathy
6.2.2 Shift from 25 g to 23 g
7 Geographic analysis
7.2 U.S. Ophthalmology devices market
7.3 Europe ophthalmology devices market
7.4 Asia ophthalmology devices market
7.5 ROW ophthalmology devices market
8 Competitive Landscape
8.2 New products analysis
9 Patent Analysis
9.1 Patent growth analysis
9.2 patent analysis by Geography
9.3 Patent analysis by assignees
10 Company Profiles
10.1 Abbott Medical Optics, Inc.
10.2 Alcon Inc.
10.3 Appasamy Associates
10.5 Bausch & Lomb Inc.
10.6 Carl-Zeiss AG
10.7 CIBA Vision Corp.
10.8 Ellex Medical Lasers Ltd
10.9 Essilor International S.A.
10.10 Haag-Streit AG
10.11 Hoya Corp.
10.12 Johnson & Johnson Vision Care, Inc.
10.13 Menicon Co., Ltd.
10.14 NIDEK CO., LTD.
10.15 Oertli Instrument AG
10.16 Rayner Intraocular Lenses Ltd
10.17 Santen Pharmaceutical Co., Ltd
10.18 STAAR Surgical Company
10.19 Technolas Perfect Vision GmbH
10.20 Ziemer Ophthalmic Systems AG
List of TableS
Table 1 Global ophthalmology devices market, by products 2009 – 2014 ($Millions)
Table 2 Cataract devices market, by products 2007 – 2009 ($Millions)
Table 3 Cataract devices market, by geography 2007 – 2009 ($Millions)
Table 4 Intraocular lens market, by geography 2007 – 2009 ($Millions)
Table 5 Phacoemulsification device market, by geography 2007 – 2009 ($Millions)
Table 6 refractive error devices market, by products 2007 – 2009 ($Millions)
Table 7 refractive error devices market, by geography 2007 – 2009 ($Millions)
Table 8 Excimer laser market, by geography 2007 – 2009 ($Millions)
Table 9 Contact lens market, by geography 2007 – 2009 ($Millions)
Table 10 vitrectomy systems market, by geography 2007 – 2009 ($Millions)
Table 11 Global ophthalmology devices market, by geography 2007 – 2014 ($Millions)
Table 12 U.s. ophthalmology devices market, by products 2007 – 2014 ($Millions)
Table 13 Europe ophthalmology devices market, by products 2007 – 2014 ($Millions)
Table 14 asia ophthalmology devices market, by products 2007 – 2014 ($Millions)
Table 15 row ophthalmology devices market, by products 2007 – 2014 ($Millions)
TABLE 16 Agreements & Collaborations (January 2007 – March 2010)
TABLE 17 Mergers & Acquisitions (January 2007 – March 2010)
TABLE 18 New Product Development and R&D (January 2007 – March 2010)
List of FIGURES
Figure 1 Global ophthalmology market (2009)
Figure 2 ophthalmology devices: market segments
Figure 3 Ophthalmology devices: Market Dynamics
Figure 4 Ophthalmology devices: market challenges
Figure 5 Ophthalmology devices: market opportunities
Figure 6 Global ophthalmology market: competitive landscape
Figure 7 Ophthalmology devices: Patent trends (2004 - 2009)
Figure 8 Major causes of blindness
Figure 9 Market shares of IOL players (2007)
Figure 10 Market shares of phacoemulsification device players (2007)
Figure 11 Market Shares of excimer laser players (2007)
Figure 12 Market shares of contact lens players (2007)
Figure 13 Markets shares of vitrectomy system players (2007)
Figure 14 ophthalmology market: growth strategies (January 2007 – March 2010)
Figure 15 Segmentation of new product launches (January 2007 – March 2010)
Figure 16 Year-on-year patent analysis (2007 - 2009)
Figure 17 Patent analysis, by geography (2004 - 2009)
Figure 18 Patents by assignees (2004 - 2009)