Ophthalmology Devices Market 2020-2024: Forecasting Strategy to Undergo A Paradigm Shift from Crisis to New Normal during COVID-19 Pandemic

LONDON–(BUSINESS WIRE)–#GlobalOphthalmologyDevicesMarket–The ophthalmology devices market will witness an incremental growth of USD 13.03 billion during 2020-2024, according to the latest pandemic recovery-based research report by Technavio. Factors such as imposition of worldwide lockdowns have partially halted operations and affected supply chains and logistics. This has further impacted economies around the globe, resulting in an overall slowdown during 2020. However, businesses are gradually carving out unique pathways to recover from the COVID-19 crisis. With the exemption of lockdowns, growing incorporation of active social distancing and remote working, and surging entries of players in digital marketplaces, various industry and market conditions are likely to improve by early 2021.


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COVID-19 Highlights

  • Health Care industry will have Positive impact due to the pandemic
  • Ophthalmology devices market is expected to witness Positive growth during 2020-2024
  • Health Care Industry will witness Direct impact during the forecast period
  • Ophthalmology devices market growth is likely to Increase in 2020 compared to 2019 due to Positive YOY

Markets across the globe have faced the economic wrath of the pandemic and are dealing with uncertainties by banking on the online marketspace to reach out to a wider target audience. This ophthalmology devices market research report encompasses all possible factors expected to drive the market growth and create opportunities for all the stakeholders in the supply chain. View detailed ophthalmology devices market insights here: https://www.technavio.com/report/ophthalmology devices market-industry-analysis

Key Ophthalmology Devices Market Research Findings

  • A CAGR of over 3% is expected to be recorded in ophthalmology devices market during 2020-2024
  • Vision care segment will hold the largest share. The increasing adoption of spectacle lenses made of high-tech plastics and high-definition (HD) spectacle lenses is driving the ophthalmology devices market share growth.
  • North America will account for the highest incremental growth. The rising healthcare expenditure on ocular diseases, the increasing number of product approvals, and the adoption of technologically advanced ophthalmology devices will significantly drive ophthalmology devices market growth in this region over the forecast period.
  • Increasing prevalence of ophthalmic diseases will boost the ophthalmology devices market growth
  • Technological advances in ophthalmology devices will have a positive impact on the ophthalmology devices market
  • High cost and limited reimbursement is likely to create hindrance for the ophthalmology devices market

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Ophthalmology Devices Market Vendor Participation Scenario

  • Market is Fragmented
  • Several leading companies in the market are focusing on restoring their economic activity
  • Vendors are concentrating on growth prospects from fast-growing segments while retaining their positions in slow-growing segments.
  • Prominent Ophthalmology Devices market players are Alcon Inc., Allergan Plc, Bausch Health Companies Inc., Carl Zeiss AG, Danaher Corp., EssilorLuxottica Group, HOYA Corp., Johnson & Johnson, NIDEK Co. Ltd., and The Cooper Companies Inc.

With more companies navigating the pandemic gradually, this research analysis can be personalized to create a recovery path for the market participants. Try out our $1000 Worth Free Report Customization by Speaking to our Analyst or Industry Expert

Key Considerations for Market Forecast

  • Products and services used to manage or contain the spread of COVID-19 virus
  • Products and services used for the treatment of COVID-19 virus
  • Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
  • Optimistic, base case, and pessimistic scenarios for all markets as the impact of pandemic unfolds
  • Pre- and post-COVID 19 market estimates
  • Quarterly impact analysis as the spread reaches global level and updates on market estimates

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Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product
  • Vision care – Market size and forecast 2019-2024
  • Ophthalmology surgical devices – Market size and forecast 2019-2024
  • Ophthalmology diagnostic devices – Market size and forecast 2019-2024
  • Market opportunity by Product

Market Segmentation by End-user

  • Hospitals and clinics
  • ASCs and physicians’ offices
  • Optical retailers

Customer Landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America – Market size and forecast 2019-2024
  • Europe – Market size and forecast 2019-2024
  • Asia – Market size and forecast 2019-2024
  • ROW – Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor Landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Alcon Inc.
  • Allergan Plc
  • Bausch Health Companies Inc.
  • Carl Zeiss AG
  • Danaher Corp.
  • EssilorLuxottica Group
  • HOYA Corp.
  • Johnson & Johnson
  • NIDEK Co. Ltd.
  • The Cooper Companies Inc.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

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