The Global Hearing Aids Market Is Expected To Witness A Robust Cagr Of 4.6% During The Forecast Period (2017 – 2025)

The Global Hearing Aids Market was valued at US$ 7584.8 million in 2016 and is projected to expand at a CAGR of 4.6% during the forecast period (2017–2025), as highlighted in a new report published by Coherent Market Insights. Technologically advanced devices with additional features, which in turn is projected to support growth of the hearing aids market over the forecast period.

Major players such as Sivantos Inc., Sonova Holding AG are focusing on product development and innovation to expand their sales network in emerging economies. For example, Sivantos Inc. has launched products with features such as Bluetooth connectivity, slick design, binaural listening technology, and customizable size as per user need. Also, in case of in-the-ear type of hearing aids, they provide features such as noise cancellation, vent for optimal ear ventilation.

Request for sample copy of Hearing Aids Market :https://www.coherentmarketinsights.com/insight/request-sample/415

There are some restraining factors leading to gap between need and supply of hearing aids. These include lack of awareness in emerging countries about technologically advanced hearing aids, high cost of hearing aids specifically of digital type of hearing aids, lack of healthcare infrastructure in rural areas of emerging economies.

There are various players in the market that are confined to product diversification and customization for the sales growth. Furthermore, the companies are continuously working on the product development and advancement that aligns to the need and requirement of the users.

The manufacturers have opportunity to tap major market share in case of emerging countries through advertisement about product features and by controlling the cost of hearing aids through R&D activity. Increasing population and growing incidence of hearing loss, especially in emerging economies is expected to create a conducive environment for growth of the hearing aids market.

Get Discount on this report : https://www.coherentmarketinsights.com/insight/request-discount/415

Key takeaways of the market:

The global hearing aids market is expected to expand at a CAGR of 4.6% during the forecast period (2017–2025). Due to rising incidence of hearing loss problem cases and aging population the demand for hearing aids from around the globe is expected to favor the market of hearing aids over the forecast period.

The behind the ear hearing aids product segment in the global hearing aids market was estimated to be the largest in 2017 and is expected to retain its dominance in the market throughout the forecast period in terms of value

In terms of technology segment, the digital type of hearing aids is expected to expand at a significant CAGR of 4.6% during the forecast period, owing to it being more advanced in terms of technology and features

The global hearing aids market is characterized by market expansion in Asia Pacific, North America, and Europe could generate higher market revenue due to the increase in aging population and rising awareness about the advanced technology

Some of the major companies offering hearing aids market are Sonova Holding AG, Sivantos Inc., Cochlear Ltd., SeboTek Hearing Systems LLC, Oticon A/S, Zounds Hearing Inc, MED-EL, Sonic Innovations Inc., GN Hearing and William Demant Holding A/S.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:

Mr.Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1–206–701–6702
Email:sales@coherentmarketinsights.com

Website:https://www.coherentmarketinsights.com

Advertisements

Home Healthcare Market – Global Industry Insights and Forecast till 2025

Home Healthcare offers a wide range of healthcare services given from home for the treatment of disease or injury. The diverse industry includes infusion services, home skilled nursing and physical therapy and is often referred as home medical care. The home care services are usually less expensive, highly convenient to the patients, equally effective to the hospital care units or skilled nursing facility. The ultimate goal of home health care is the complete treatment of the disease or injury which helps the patient regain independence and become self-sufficient faster. Home healthcare also involves helping senior citizens with daily activities like bathing, dressing, eating including monitoring the medication routine. The home health care professionals are licensed practical nurses, therapists, and home health aides, mostly working for home health agencies or public health departments.

Get a trending sample of this report : https://www.coherentmarketinsights.com/insight/request-sample/840

Cost effective alternative to expensive hospital stays is expected to drive the global home healthcare market

According to the National Centers for Caregiving estimates in 2015, the number of individuals using paid long-term care services in settings including home, residential care such as assisted living, or skilled nursing facilities is likely double from the 13 million in 2005, expected to 27 million people in 2050 due to the influenced growth in the population of older people in need of care. The shift of healthcare delivery from traditional clinical settings, increasing adoption of telecommunication services, affordable healthcare delivery systems, and the technological advancements are the major factors attributed to the growth of global home healthcare market. Also, the replacement of expensive hospital stays with the cost effective home healthcare is anticipated to serve as high impact rendering driver. Additionally, the factors driving the growth of global healthcare market include the rising prevalence of chronic diseases, rising aging population, the government initiatives to promote home healthcare, and increasing healthcare costs. However, limited insurance coverage, changing reimbursement policies and patient safety concerns are the factors to restrict the growth of global home healthcare market.

Infusion therapy segment contributes the largest share owing to its effective treatment for serious conditions

The global home healthcare market is segmented on the basis of products, service, software and geography.

On the basis of products, the global home healthcare market is segmented into:

Diagnostic

Blood Pressure Monitors

Blood Glucose Monitors

Heart Rate Monitors

Fetal Monitoring Devices

Ovulation and Pregnancy Test Kits

Home Hemoglobin A1c Test Kits

HIV Test Kits

Sleep Apnea Monitors

Coagulation Monitors

Pulse Oximeters

Drug and Alcohol Test Kits

Event and Holter Monitors

Cholesterol Monitoring Devices

Colon Cancer Test Kits

Electrocardiography Devices

Temperature Monitors

Hearing Aids

Therapeutic

Oxygen Delivery Systems

Automated External Defibrillators

Nebulizers

Sleep Apnea Therapeutic Devices

Wound Care Products

Dialysis Equipment

Insulin Delivery Devices

External Stimulation Devices

Mobility Assist

Wheelchairs

Canes

Crutches

Mobility Scooters

Walkers

On the basis of service, the global home healthcare market is segmented into:

Rehabilitation

Infusion Therapy

Respiratory Therapy

Pregnancy Care

Skilled Nursing

Palliative Care

On the basis of software, the global home healthcare market is segmented into:

Agency Software

Clinical Management Systems

Hospice Solutions

Ask for Customization @ https://www.coherentmarketinsights.com/insight/request-customization/840

Favorable reimbursement policies is expected to dominate the global home healthcare market in North America

Regional segmentation of the global home healthcare market by Coherent Market Insights comprises of North America, Latin America, Europe, Asia Pacific, Middle East and Africa. According to the Centers for Disease Control and Prevention estimates in 2014, number of patients who received and ended care globally were approximately 4.9 million in 2013, with 12,400 home healthcare agencies in the U.S. Thus, the rising number of agencies, converging trends of aging population, favorable reimbursement policies and technological advancements is expected to dominate North America in the global market. Asia Pacific is poised to be the fastest-growing region during the forecast period owing to the rising geriatric population, increasing disposable income levels, expansion of home healthcare companies, increasing need for affordable healthcare delivery systems, rising awareness about home healthcare, and the rising adoption of innovative techniques.

Key players operating the global home healthcare market include Omron Healthcare, McKesson, Philips, Johnson & Johnson, and Roche. The strategy adopted by the key players include service portfolio expansion, mergers and acquisition, collaborations, and regional expansion. For instance, the agreement of Almost Family, Inc. with Medicare-certified home health agency owned by Caldwell Medical Center to acquire the assets in 2014. Other vendors operating the market include Fresenius, Apria Healthcare, Rotech Healthcare, Abbott, and Interim Healthcare.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity

Contact Us:

Mr.Shah

Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154

Tel: +1–206–701–6702

E-mail:sales@coherentmarketinsights.com

Visit our news Website: http://www.coherentnews.com

Robotic Rehabilitation and Assistive Technologies Market – Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017–2025

Rehabilitation robotics and assistive technologies allow for use of robotic devices for rehabilitation of patients suffering from mobility issues. Robotic rehabilitation and assistive technologies allow for application of robotics in therapeutic procedures to help with recovery a person from various diseases or disabilities such orthopedic traumas, neuromotor disorders, cognitive diseases, strokes and spinal cord injury. Assistive robotics allows people suffering from degenerative motor and/or cognitive abilities to lead an independent life.

Increasing prevalence of disability around the globe is expected to fuel growth of the rehabilitation robotics and assistive technologies market

According to World Health Organization (WHO) 2016, around 1 billion people worldwide suffered from some form of disability, of which around 190 million were unable to carry out daily function independently. Rapid increase in the disabilities due to increasing prevalence of disease such as rheumatoid arthritis, cerebral palsy, spinal cord injury, and other ageing disabilities are expected to increase demand for robotic rehabilitation and assistive technologies. According to WHO 2017, around 47 million people suffered from dementia, with around 10 million new cases reported each year. This creates a highly conducive environment for growth of the robotic rehabilitation and assistive technologies market in the near future. Lack of awareness about new technologies among the populace, especially in emerging economies, and high cost of robotic rehabilitation and assistive technologies is a major factor restraining market growth.

Get a trending sample of this report : https://www.coherentmarketinsights.com/insight/request-sample/924

Robotic Rehabilitation and Assistive Technologies Market Taxonomy

The global robotic rehabilitation and assistive technologies market is segmented on the basis of product type, portability, and application

On the basis of product type, the robotic rehabilitation and assistive technologies market is segmented into:

  • Surveillance & Security,

  • Humanoid,

  • Rehabilitation,

  • Socially Assistive

On the basis of portability, the robotic rehabilitation and assistive technologies market is segmented into:

  • Fixed base

  • Mobile

On the basis of application, the robotic rehabilitation and assistive technologies market is segmented into:

  • Stroke

  • Orthopedics

  • Cognitive & Motor Skills

  • Sports

  • Others

Europe is expected to dominate the robotic rehabilitation and assistive technologies market

Regional segmentation of robotic rehabilitation and assistive technologies market by Coherent Market Insights comprises North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. Europe is expected to hold a dominant position in the robotic rehabilitation and assistive technologies market throughout the forecast period due to increasing prevalence of disabilities in the region. According to an article published by The Institute of Modern Russia, around 13 million people live with certain disabilities, constituting to around 9% of the total population in the country. Furthermore, researchers at the University of Hertfordshire, along with European partners have developed a robotic glove intended for stroke patients. It can be used in home settings to support rehabilitation. North America is expected to be the second-largest market, due to robust technological infrastructure and inclination of the population towards adoption of new technologies.

Ask for Customization @ https://www.coherentmarketinsights.com/insight/request-customization/924

KEY PLAYERS IN THE MARKET ARE PARTNERING WITH HEALTHCARE PROVIDERS TO INCREASE MARKET PENETRATION

Key players in robotic rehabilitation and assistive technologies market include Mazor Robotics Ltd., Intuitive Surgical Inc., Accuray, Inc., Health Robotics S.R.L., Kinova, AlterG inc., Ekso Bionics, and Interactive Motion Technologies, Bioxtreme Robotics Rehabilitation, Instead Technologies. In 2016, Ekso Bionics Holdings, Inc., received U.S. Food and Drug Administration (FDA) approval for Ekso GT robotic exoskeleton. This product is used to treat an individual with hemiplegia which occur due to stroke.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity

Contact Us:

Mr.Shah

Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154

Tel: +1–206–701–6702

E-mail:sales@coherentmarketinsights.com

Visit our news Website: http://www.coherentnews.com

Medical Sensors Market – Global Industry Insights and Forecast till 2025

Medical sensors that measure the physical functions of the body and convert it into an electrical or optical signal. These devices play a major role in the monitoring of chronic diseases such as cancer, cardiovascular and respiratory diseases to measure the physical function and convert it into the electrical signal. The market is majorly directed by the increased demand for medical sensors in diagnostic and therapeutic segments. The medical sensor monitor adds value to the healthcare professional to alert critical deviations, which are recorded in vital signs. This ultimately improves the quality of care given to the patient by avoiding undesirable complications. Moreover, the demand for medical sensors is raised because of its wide range of applications such as monitoring of temperature, pressure, vibration, inclusive of various diagnostic parameters and analysis. As increase in chronic disorders and geriatric population globally has continuously raised the demand for these equipment. Furthermore, chronically ill patients and geriatric population are the target area for sensor-based devices, for instance as per National Institute of Aging, there are around 617 million people above the age of 65 years in 2016 and it will cross 1.6 billion by 2050.

Get a trending sample of this report : https://www.coherentmarketinsights.com/insight/request-sample/578

Medical sensors market taxonomy:

By Product Type

  • Pressure

  • Temperature

  • Image

  • Accelerometers

  • Biosensors

  • Flow

  • Superconducting Quantum

By Application

  • Surgical

  • Diagnostic

  • Therapeutic

  • Monitoring

By End User

  • Hospitals

  • Clinics

  • Ambulatory Surgical Centers

  • Others (Nursing Homes, Home Healthcare Facilities)

By Sensors Placement Type

  • Strip Sensors

  • Wearable Sensors

  • Ingestible Sensors

  • Implantable Sensors

  • Invasive/ Non-Invasive Sensors

Improved technology and accuracy fuels the growth of medical sensors market

Medical sensors have become a universal segment of the technologically advanced and digital medical devices. There is a significant increase in the development of implantable and wearable medical devices, which facilitate the awareness about medical devices this leads to the increased use of sensors. It is expected that rise in geriatric population, increase in chronic diseases such as chronic obstructive pulmonary disease (COPD), cardiovascular disease, kidney disease and respiratory disease and rise in intensive care for critical patients are the responsible factors supports the growth of medical sensors market. As per Centers for Disease Control and Prevention, there are around 15.7 million people in the U.S. diagnosed with COPD in 2014. Furthermore, there is a wide range of benefits of the use of medical sensors in medical devices, which increased the accuracy in disease management through notifications alerts, and real time patient data communication. Which expected to support the growth of medical sensors market.

Request for table of content : https://www.coherentmarketinsights.com/ongoing-insight/toc/578

Developed regions are major growth engines for medical sensors market

Medical sensors market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East and Africa. North America is the leading region due to the annual increase in minimally invasive surgeries performed and availability of healthcare reimbursement policy. However, market across Asia Pacific is expected to expand at a higher rate due to, increase in diabetic population, respiratory diseases cases, cardiovascular disease and raised investment in healthcare sector in emerging countries such as India and China expected to support the growth of medical sensors market.

Key players of the medical sensors market

There are various players present across the globe and running into the competition. The rise in awareness about devices and increase in per capita income of individuals expected to create more opportunities for industry players in global medical sensors market. Some key players are Analog Devices Inc., Broadcom Limited, Danaher, LORD Corporation, Honeywell International Inc., OmniVision Technologies Inc., and GE Measurement & Control.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity

Contact Us:

Mr.Shah

Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154

Tel: +1–206–701–6702

E-mail:sales@coherentmarketinsights.com

Website:https://www.coherentmarketinsights.com

Advanced Wound Care Management Market – Global Industry Insights and Forecast till 2025

Wound is defined as an injury to a tissue, wherein the skin is either cut or torn, thus affecting the dermis of the skin. Wounds are of two types, namely acute and chronic wounds. Acute wounds take approximately eight weeks, following normal stages of wound healing. Whereas, chronic wounds do not follow the normal stages of healing and take longer time to heal. The factors that give rise to chronic wounds include age, diabetes, cancer, obesity, poor nutrition, and infection.

The wound care market is segmented into traditional wound care and advanced wound care products. Health care professionals largely use traditional wound care products under dry environment to protect the wound from external factors. The main focus of these products is to treat the non-severe wounds from bleeding, inhibit infection, and dry the wound. Whereas, Advanced wound care products are used by clinicians to provide a therapeutic effect that supports wound healing. Advanced wound care is based on the theory of moist microenvironment that stimulates the natural healing process without blocking the wound and it includes film and foam dressings, hydrogels, alginates, and hydrocolloids. Besides maintaining a hydrated environment, which is more conducive for wound healing, advanced wound care products keep the temperature consistent, allow flow of oxygen, remove dead tissue, protect the site from exogenous infection, and ease the pain associated with dressing changes.

Fill the form for an exclusive sample of this report: https://www.coherentmarketinsights.com/insight/request-sample/739

Alarming growth of diabetic population augments the advanced wound care management market growth

The major factors driving the advanced wound care management market includes the growing incidence of diabetes among the populace According to World Health Organization, in 2014, around 8.5% of the adult population aged 18 years and above had diabetes, while in 2015, 1.6 million deaths occurred due to diabetes. The other factors influencing the advanced wound care management segment growth include the growing geriatric population and rising incidences of chronic wounds. Advanced wound care is also used for different types of ulcers such as pressure ulcers, diabetic ulcers, and chronic ulcers. However, high costs associated with such treatments, one of the factors expected to deter the advanced wound care management market growth.

Negative pressure wound therapy is identified as the most promising technology for advanced wound care

The advanced wound care management market is segmented on the basis of product type, application, end-user, and geographical regions.

On the basis of product type, advanced wound care management market is categorized into moist wound dressings, active wound care and therapy devices. Moist wound dressings is further segmented into foam, films, hydrocolloids, collagen, and alginates. Therapy devices are further segmented into negative pressure wound therapy and pressure relief devices. Active wound care is segmented into skin substitutes and growth factors. 

On the basis of application, advanced wound care management market is categorized into different segments such as skin ulcers, surgical wounds, burn wounds, pressure ulcers, diabetic foot ulcers, venous leg ulcers and arterial ulcers. Among all these surgical wounds and skin ulcers are leading the global market.

On the basis of end users, advanced wound care management market is categorized into hospitals, clinics, ambulatory surgical centers and others.

Advanced Wound Care Management Market : https://www.coherentmarketinsights.com/ongoing-insight/toc/739

Increasing prevalence of chronic wounds in U.S. to boost the advanced wound care market in North America

On the basis of regional segmentation, advanced wound care management market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America has more significance with all the latest technologies such as negative pressure wound therapy, which is more efficient for treating illnesses. North America is the leading market with the 45% market share, followed by Europe and Asia. Advanced wound care market is expanding steadily and has created ample opportunities for the launch of new products. In terms of imminent growth potential, the emerging economies of Asia Pacific are expected to boost the global advanced wound care management market due to growing population of chronic wound and diabetic patients in the region. The region is expected to witness the fastest growth for the advanced wound care management market in the near future.

Emerging players participating in merger and acquisition and strategic expansion of product portfolio

Key players in the global advanced wound care management market are Johnson & Johnson (J&J), Hill-Rom, KCI, 3M company, Baxter International, Acelity, Coloplast, Integra Lifesciences, Kinetic Concepts, Covidien, Smith & Nephew, Leap Therapeutics, Hematris wound care, Alliqua Bio Medical, Layer Bio, and Triage Meditech.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:

Mr.Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1–206–701–6702
Email:sales@coherentmarketinsights.com

Website:https://www.coherentmarketinsights.com

Contact Lens Market – Global Industry Insights and Forecast till 2025

A contact lens is a medical device used for cosmetic and therapeutic reasons, primarily for vision correction. Contact lens provides enhanced peripheral vision as it does not accumulate moisture from the atmosphere. The vast variety and affordability of contact lens make it a common lifestyle product. Contact lens provides high compatibility as it can be worn along with other eye wear choices such as sunglasses. Lenses offer clear peripheral and all around vision, eliminating glare. Hence contact lenses are more comfortable than spectacles. Corrective contact lens is widely used as it corrects refractive errors efficiently, compensates for visual deficiencies, and typically improves conditions such as myopia, hyperopia, astigmatism, and presbyopia. Owing to the computer controlled, automated production of contact lenses with the help of cast molding technology, higher accuracy and quality are assured in the final product. Contact lenses are classified based on their material, wear schedule, and primary function into multifocal contact lens, monovision, and corrective contact lenses.

Get a trending sample of this report : https://www.coherentmarketinsights.com/insight/request-sample/715

Rising incidences of ophthalmic disorders is expected to drive market

According to the National Eye Institute, around 2.9 million Americans had ophthalmic disorders in 2015, which is expected to increase to 5 million by 2030. In addition to this, technological advancements in contact lens manufacturing, increasing global population, and desire to make fashion statements are projected to be the major factors driving market growth. With added advantages such as unique aquaform comfort technology, breathable lens, added hydration, and oxygen permeability, the global contact lens market is on the surge to rise drastically.

Silicone hydrogel lens offers excellent eye care and is expected to gain immense popularity

The global contact lens market is segmented on the basis of product type, lens design type, application, and geography.

On the basis of product type, the global contact lens market is segmented into:

  • Rigid Permeable Gas lens

  • Soft lens

  • Hybrid lens

On the basis of lens design type, the global contact lens market is segmented into:

  • Spherical

  • Toric

  • Multifocal

  • Others

On the basis of application, the global contact lens market is segmented into:

  • Corrective

  • Therapeutic

  • Prosthetic

  • Cosmetic

Integration of digital technology with contact lenses is expected to bolster market growth in Asia Pacific

Regional segmentation of the contact lens market by Coherent Market Insights comprises North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. According to the U.S. Centers for Disease Control and Prevention, there were 40.9 million contact lens users in the U.S. in 2016 and the number is expected to rise drastically, making North America dominant in contact lens market. Also, the high performance of disposable contact lens segment, rise in number of senior ophthalmological patients, and ophthalmic issues in young people have led to surge in demand for contact lenses in North America. According to the World Health Organization, up to 20 million Asians are estimated to get affected by eye-related disorders such as cataract, myopia, glaucoma, and age related macular degeneration by 2030. However, growing awareness, safety, and affordability will propel the global contact lenses market growth in Asia Pacific during the forecast period.

Request for table of content : https://www.coherentmarketinsights.com/ongoing-insight/toc/715

Acuvue lenses are the largest prescribed contact lenses ruling the global contact lens market

Key players operating in the contact lens market are Novartis International AG, Menicon Group, The Cooper Companies, Inc., Carl Zeiss AG, Baush and Lomb, Air Optix, Essilor, Conforma, Menicon, UltraVision, and Wesley Jessen. Bioinfinity and Biomedics are two commonly used lenses owing to their superior optic quality.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity

Contact Us:

Mr.Shah

Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154

Tel: +1–206–701–6702

E-mail:sales@coherentmarketinsights.com

Website:https://www.coherentmarketinsights.com

Ophthalmic Devices Market – Global Industry Insights and Forecast till 2025

Ophthalmology refers to a branch of medical sciences that deals with the structural and functional defects of the eye. Ophthalmic devices are medical devices used in the treatment and identification of certain ocular deformities and deficiencies of the eyes. The global ophthalmic devices market is driven by eye disorders such as glaucoma, diabetic retinopathy, macular degeneration, and cataract and vision care devices. Ophthalmic devices are also used in various surgical processes such as ultrasound phacoemulsification for faster recovery rates and improved safety. A wide range of ophthalmic devices are available in the market from high complexity devices such as phoropters , ophthalmoscopes, retinoscopes and scanning laser polarimetry devices to low end products such as contact lenses, spectacles and lens cleaning and disinfecting solutions, Thus, the demand for ophthalmic devices is anticipated to be increasing significantly over the forecast period.

Get a trending sample of this report : https://www.coherentmarketinsights.com/insight/request-sample/686

Increasing prevalence of eye disorder is projected to fuel growth of the global ophthalmic devices market

According to the International Journal of Advanced Medical and Health Research 2015, cataract has been reported to be the major cause of blindness, affecting 17-18 million people worldwide, accounting for 39% of such cases. Following cataract, glaucoma is seen to be the second major reason causing blindness among people. According to the Glaucoma Research Organization, over 120,000 people are blind due to glaucoma accounting up to 9-12% of total blind cases. These massive numbers are basically the output of eye disorders prevalence in the geriatric population and changing food habits leading to nutritional deficits in the younger population. The ophthalmic devices can be used in order to treat cataract, glaucoma and several other eye disorders that could propel the global ophthalmic devices market.

The vision care devices segment dominating the global ophthalmic devices market in terms of over the counters sales

The global ophthalmic devices market is segmented on the basis of product type, disorder, and geographical region.

On the basis of product type, the global ophthalmic devices market is segmented as

  • Diagnostic and Monitoring Devices

  • Surgical Devices

  • Vision Care Devices

Vision care devices witnesses maximum sale over the counter and therefore accounts for the largest share. Furthermore there is a rapid rise in number of people affected with eye disorders and increasing awareness among the populace about eye health and safety augments growth of the segment. According to The Vision Council, over 87% of people in the U.S. are reported to be using digital devices for over 2 hours per day, thereby developing eye strain, dry eyes, blurred vision, etc. These small eye related troubles can be sorted with the use of vision care devices in turn potentiating the global ophthalmic devices market. Moreover, rapid growth in the eye diseases such as cataract and glaucoma are resulting in potential growth of the surgical devices segment that would be required in the treatment of these disorders.

On the basis of disorders, the global ophthalmic devices market is segmented as

  • Cataract Surgery Devices

  • Refractive Surgery Devices

  • Vision Care

  • Ophthalmic Diagnostic Devices

  • Vitreo Retinal Surgery Devices

  • Glaucoma Surgery Devices

Emerging economies of Asia Pacific to boost global ophthalmic devices market growth in the forecast period

Based on regional segmentation, the global ophthalmic devices market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East and Africa. The North America is accounted to capture highest share in the global ophthalmic devices market owing to innovation and focus on diagnostic devices and surgery applications as well as higher market penetration levels. The emerging economies such as China, India, Japan and Brazil are estimated to gain an early momentum in the market as a result of massive investments by manufacturers.

Request for table of content : https://www.coherentmarketinsights.com/ongoing-insight/toc/686

Governments in developing countries focusing towards eye safety and vision care thereby mushrooming the global ophthalmic devices market

The annual rise in the prevalence of eye disorders such as cataract, glaucoma and macular degeneration are the major drivers of the global ophthalmic devices market. Several other factors that are responsible to bolster the growth of ophthalmic devices market includes advent of technologically advanced minimally invasive surgery, rise in geriatric population and demand for surgical and diagnostic instruments. The growing occurrence of eye disorders in children will also add up to fuel the market growth. The governments in developing countries supporting to establish sophisticated healthcare infrastructure and eye care centers will in turn favor growth of the global ophthalmic devices market. However, the inadequate awareness among the developing nations regarding vision care and treatments related to eye disorders can inhibit the market growth.

The global ophthalmic market is very vast, rapidly growing as well as highly competitive. Some of the major players operating global ophthalmic market are Johnson and Johnson, Novartis AG, Bausch & Lomb Inc., Essilor International, Abbott Laboratories Inc., VisionCare Inc., Hoya Corporation, Canon Inc., Carl Zeiss AG, Topcon Corporation, Nidek Co Ltd., CooperVision AG and Alcon Inc. The players are sustaining their prime position in the global ophthalmic devices market due to consistency in launching of new ophthalmic devices and eye care products. Alongside, several other new entrants may also create growth opportunities and enhance the growth of the global ophthalmic devices market.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity

Contact Us:

Mr.Shah

Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154

Tel: +1–206–701–6702

E-mail:sales@coherentmarketinsights.com

Website:https://www.coherentmarketinsights.com