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(Medical-NewsWire.com, October 10, 2018 ) North America has dominated ophthalmic diagnostic equipment market with over 33% value share in 2016 and is expected to remain dominant region throughout the forecast period. Developed nations such as Germany, France, Spain, Singapore and Japan together accounted for nearly 40% revenue share of global ophthalmic diagnostic equipment market. Both the ACA and Medicare wield great influence on patient care and how practices are doing business.
In 2010, as per the World Health Organization (WHO), 285 million are visually impaired people across the globe which included 39 million blind people. Among all eye diseases, nearly 15 million people are affected by cataract out of 39 million blind people in the world. Affordable access for vision correction demand is raising the growth of ODE market. Ophthalmic electro-medical equipments including diagnostic and patient monitoring are gaining huge recognition across the globe. Preference of optical coherence tomography (OCT) over fundus camera is projecting a healthy growth for ophthalmic diagnostic equipment market in the near future. Industry players are also focusing in development of smart devices to increase health awareness and product value among consumer.
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According to Goldstein Research, global ophthalmic diagnostic equipment market is categorized on the basis of lenses and by diagnostic devices. Diagnostic devices are further segmented into fixation devices, auto refractometer, ultra-sound devices, ophthalmoscope, fundus camera, tonometer, optical coherence tomography and optical biometry devices. Optical Coherence Tomography (OCT) devices accounted for largest share of ophthalmic diagnostic equipment market owing to its cost-effectiveness and high accuracy. Where the OCT market size is set to reach USD 1.72 billion by 2025, at a CAGR of 7.5% over the forecast years. Presence of accessory provider companies i.e the aftermarket of OCT devices and a strong network of distributors and suppliers in the market are the growth drivers of the market.
“Global Ophthalmic Diagnostic Equipment Market Report Outlook, 2016-2024” covers the present ground scenario and future opportunity prospects for the market players to analyze the target markets across the globe. Moreover, competitive analysis includes the in-depth analysis of the major players and leaders in healthcare industry. The market study conducted on the basis of intense primary as well as secondary research where the analysts fragment the data from various databases under the supervision of market experts.
Our primary research team conducted various interviews, surveys and group discussions of industry ophthalmic diagnostic equipment manufacturers, suppliers, and distributors, pharmaceutical companies, cosmetic product manufacturers, healthcare institutions, clinical centers, medical research laboratories and academic medical centers and universities to analyze the future prospects of the overall healthcare industry.
Global Ophthalmic Diagnostic Equipment Market Segmentation can be classified on the basis of:
Based on Lenses
• Contact Laser lenses
• Diagnostic Lenses
• Indirect BIO Lenses
• Indirect Surgical Lenses
• Slit Lamp Lenses
Based on Diagnostic Devices
• Fixation Devices
• Auto Refractometer
• Ultra-Sound Device
• Ophthalmoscopes
• Fundus Cameras
• Tonometer
• Optical Coherence Tomography (OCT)
• Optical Biometry Devices
By Geography
• North America
• Europe
• Middle East and Africa
• Latin America
• Asia Pacific
Browse Full Report: https://www.goldsteinresearch.com/report/global-ophthalmic-diagnostic-equipment-market-outlook-2024-global-opportunity-and-demand-analysis-market-forecast-2016-2024
Trend: Medicare Covering Ophthalmic Care
Many ophthalmology practices have higher percentages of patients that are on Medicare as these patients are not supposed to pay substantial deductible like those that purchase certain plans on the exchange. This is one of the undesirable effects of the ACA to buffer against ophthalmologists without a significant out-of-pocket contribution from the patient.
Driver: Constant Technological Advancement In Ophthalmology
Rising digitization is resulting in constant technological advancement in ophthalmology and optometry which plays an important role in the growth of ophthalmic diagnostic equipment market across the globe. Growing health awareness, less painful treatment and quicker eye surgery are key factors accelerating the growth of ophthalmic diagnostic equipment market.
Challenge: Issue With The Longevity Of Ophthalmic Diagnostic Equipment
Ophthalmic device are likely to be replaced if any new device or technology is introduced into the market. This is restraining the adoption of advance ophthalmic devices in developing nations. High initial cost, lack of awareness and availability of advanced technologies mainly in tropical countries are also hindering the growth of ophthalmic diagnostic equipment market.
“Global Ophthalmic Diagnostic Equipment Market report covers the competitive landscape, product portfolio, growth analysis, emerging trends, and a current position of major players in the market space which will help the new entrants to understand the nature of the market. The report also includes Porter's five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global ophthalmic diagnostic equipment market report also recognizes value chain analysis to understand the cost differentiation to provide a competitive advantage to the existing and new entry players.
About Goldstein Research
Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.
Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear-cut forecasts. Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview.
Our analysts working on healthcare market research reports to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in the rigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.
Browse Similar Report: 1. Ultrasound Device Market 2. Fllexible Endoscopes Market
Goldstein Research
Steve Blade
+1-646-568-7747
steve.blade@goldsteinresearch.com
Source: EmailWire.Com 
Source: EmailWire.com
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