The global ophthalmic surgical instruments market
is expected to reach USD 11.18 billion by 2022 from USD 8.36 billion in 2017,
at a CAGR of 6.0%. Rapid growth in the geriatric population, increasing number
of ophthalmic surgeries owing to the rising prevalence of eye diseases &
diabetes in the overall population across the globe, and technological
advancements in ophthalmic surgical instruments are the factors contributing to
the growth of this market.
The global Ophthalmic Surgical Instruments Market
is oligopolistic with four players accounting for the majority share of the
market. Alcon (Switzerland), Johnson & Johnson Vision Care (US), and
Carl Zeiss Meditec (Germany) are the major players in this market.
Browse and
in-depth TOC on " Ophthalmic Surgical Instruments Market "
https://www.marketsandmarkets.com/Market-Reports/ophthalmic-surgical-instrument-market-11819932.html
In 2016, Alcon held the leading position in the ophthalmic surgical instruments
market. This can be attributed to its highly diversified ophthalmic surgical
portfolio, which includes surgical products
for cataract, refractive, glaucoma, vitreoretinal, and ophthalmic surgical
accessories. The company focuses on increasing its presence in this market
through continuous R&D to provide technologically advanced products to its
customers. The company has a well-established presence in the US market with a
strong and wide distribution network across the globe with 25,000 employees and
presence in about 75 countries. The company mainly focuses on product development
to enhance its presence in the ophthalmic surgical instruments market. For
instance, in October 2017, Alcon launched new Clareon, the intraocular lens
(IOL) used for cataract surgery. Alcon also focuses on agreements and alliances
with other organizations to improve and expand the company’s technologies,
product offerings, and sales & services infrastructure.
In 2016, Johnson & Johnson Vision Care held
the second largest share of the ophthalmic surgical instruments market. The
company offers advanced intraocular lenses under its brand name, TECNIS. The
company provides a wide range of ophthalmic
surgical instruments that include products such as surgical laser system, IOLs,
ophthalmic viscoelastic devices (OVDs), and many other products for cataract
surgery. The company focuses on strategic
acquisitions to grow in the ophthalmic
surgical instruments market. For instance, in February 2017, Johnson &
Johnson Vision Care acquired Abbott Medical Optics to expand Johnson &
Johnson’s ophthalmic product offerings in cataract surgery, laser refractive
surgery, and consumer eye health. The company also focuses on expansion
strategy in order to strengthen their market presence.
Request for Free Sample Report @
https://www.marketsandmarkets.com/requestsample.asp?id=11819932
In the past three years, a majority of the top
players adopted product launches, agreements, partnerships, collaborations, geographic
expansions, mergers, and acquisitions as their key growth strategies. Product
launches were the most adopted strategy
by key players in the ophthalmic surgical instruments market in the past three
years.
No comments:
Post a Comment