Expert view: Ophthalmic Devices Market still promises to grow by 4.2% CAGR

Ophthalmology is a branch of medical science that deals with structure, function, and various eye diseases.

NE WIN SIVERS DRIVE, PROVINCE: – PORTLAND, UNITED STATES, November 17, 2021 /EINPresswire.com/ — According to the report by Allied Market Research, titled, “Ophthalmic Devices Market by Product Function [Surgical Devices (Refractive Error Surgery Devices, Glaucoma Surgery Devices, Cataract Surgery Devices, and Vitreoretinal Surgery Devices) Ophthalmic Diagnostic Devices (Refractors, Corneal Topography Systems, Retinal Ultrasound Systems, Fundus Camera, Ophthalmoscopes, OCT, Perimeters, Slit Lamps, and Tonometer), and Vision Care Devices (Contact Lenses and Spectacles)]: Global Opportunity Analysis and Industry Forecast, 2020–2027″. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.

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The growth of the global ophthalmic devices market is majorly driven by rise in prevalence of eye-related disorders and rapid technological advancements in ophthalmic devices such as intraocular lenses (IOLs). In addition, increase in focus toward customer training and education for the use of ophthalmic devices, which would help in building the staff skills, and surge in awareness related to devices used in ophthalmology notably contribute toward the growth of the global market. Furthermore, increase in R&D activities for the treatment of vision errors is driving the ophthalmic devices market growth. However, low awareness regarding eye-related diseases and dearth of skilled professionals are expected to hamper the growth of the market. Conversely, emerging countries such as China and India possess high growth potential, owing to improvement in healthcare infrastructure in these countries.

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Novartis AG
Carl Zeiss Meditec AG
Essilor International S.A.
HAAG-Streit Holding AG
Johnson & Johnson
Nidek Co., Ltd.
Topcon Corporation
Valeant Pharmaceuticals International, Inc.
Ziemer Ophthalmic Systems AG
Hoya Corporation

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1) The Covid-19 pandemic and followed by lockdown has affected several manufacturing industries.
2) The prolonged lockdown resulted in a disrupted supply chain and increased the prices of raw materials.
3) However, as the world has been recovering from the pandemic, the market is estimated to get back on track.

Get Detailed COVID-19 Impact Analysis on the Respiratory Syncytial Virus (RSV) Diagnostic Market @ https://www.alliedmarketresearch.com/request-for-customization/2046?reqfor=covid

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The study provides an in-depth analysis of the Ophthalmic Devices Market along with the current trends and future estimations to elucidate the imminent investment pockets.

It offers Ophthalmic Devices Market analysis from 2020 to 2027, which is expected to enable the stakeholders to capitalize on the prevailing opportunities in the market.

A comprehensive analysis of four regions is provided to determine the prevailing opportunities.

The profiles and growth strategies of the key players are thoroughly analyzed to understand the competitive outlook of the global Ophthalmic Devices Market growth.

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Q1. What is opthalmic devices?
Q2. What are opthalmic devices used for
Q3. Which is base year calculated in the ophthalmic devices market report?
Q4. What is the total market value of ophthalmic devices market report ?
Q5. What would be forecast period in the market report?
Q6. What is the market value of ophthalmic devices market in 2027?
Q7. What are the Key Industry Leaders opinion for the ophthalmic devices market?
Q8. What are the key trends in the ophthalmic devices market report?
Q9. Which segment holds the maximum market share of the ophthalmic devices market?
Q10. What are the market values/growth % of emerging countries?

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“We have also published few syndicated market studies in the similar area that might be of your interest. Below are the report title for your reference, considering Impact of Covid-19 Over This Market which will help you to assess aftereffects of pandemic on short-term and long-term growth trends of this market.”

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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