North American Ophthalmology Surgery Devices Market is Estimated to Grow at a CAGR of 5.0%

Date: 2015-08-10

“The North American ophthalmology surgery devices market is estimated to grow at a CAGR of 5.0% from 2014 to 2019. The market holds a high potential for growth in the future due to a number of forces favoring growth. These include increasing aging population and rising prevalence of ocular disorders. The continuous evolution of minimally invasive surgical techniques, followed by less intraoperative time consumption and minimal hospital stay are various other factors that are contributing to the growth of this market.

The market is segmented based on product type and end users. The market, by product, includes cataract surgery devices, glaucoma surgery devices, refractive surgery devices, and vitreoretinal surgery devices. The cataract surgery devices segment holds the highest share in the market. These devices are further classified as IOL, OVD, and phacoemulsification devices. IOL is divided into monofocal, multifocal, toric, and accommodating devices. OVD is divided into cohesive, dispersive, and combination devices. Glaucoma devices are classified as GDD, implants and stents, and lasers and systems. Refractive devices are further classified as refractive treatment devices and refractive flap-making devices, which include excimer lasers and YAG lasers, microkeratome, and femtosecond lasers.

Hospitals and private eye clinics are the major end users of ophthalmology surgical devices (OSD) market. Private eye clinics hold the high share in the ophthalmology surgical devices. Geographically, the North American region is segmented into the U.S., Canada, and Mexico, with the U.S. holding the major market share.

The report has profiled the leading players of this market along with the strategies (new product launches and partnerships, agreements and collaborations) adopted to sustain and strengthen their positions in the market. These companies include Abbott Laboratories (U.S.), Alcon, Inc. (Switzerland), Allergan, Inc. (U.S.), Bausch & Lomb, Inc. (U.S.), Carl Zeiss Meditec AG (Germany), Essilor International S.A. (France), Nidek Co. Ltd.( Japan), Topcon Corporation (Japan), and STAAR Surgical Company (U.S.).

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