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Vendors are deploying organic and inorganic growth strategies to compete in the market
NEW YORK , Sept. 14, 2022 /PRNewswire/ -- One of the key vendors operating in the eye care surgical devices market is Alcon Inc. The company offers contact lenses and lens care products. In April 2021 , the company launched Systane Hydration Multi Dose Preservative Free (MDPF) lubricant eye drops. The market also has the presence of a few other major players, such as Bausch Health Companies Inc., Carl Zeiss AG, Johnson and Johnson Inc., Lumenis Ltd., and Novartis AG.
The eye care surgical devices market is fragmented with the presence of many global and local vendors. The market is highly competitive, and the vendors offer numerous products, which is increasing the market competition.
Key strategies used by vendors to overcome the above challenges have been identified by Technavio. To maintain their position in the market, new players in the market should understand the critical business policies and identify the product portfolio of the existing companies. Small and regional vendors are forming strategic alliances with global companies to gain a portion of the market.
Technavio's reports provide key strategic initiatives used by vendors, along with key news and the latest developments. View our FREE PDF Sample Report Now
The eye care surgical devices market size is expected to grow by 3.49 bn from 2020 to 2025. In addition, the growth momentum of the market will accelerate at a CAGR of 5.86% during the forecast period.
Technavio provides a comprehensive report summary describing the market size and forecast along with research methodology. The sample report is available in PDF format
Vendors in the eye care surgical devices market can take advantage of a few factors that will work in their favor. One of these factors includes the high incidence of eye diseases, particularly in industrialized and middle-income countries. Glaucoma, Cataract, retinal tears or holes, macular degeneration, diabetic retinopathy, myopia, hyperopia, and astigmatism are the most common eye disorders. According to the World Health Organization (WHO), in 2019, around 2.2 billion people were visually impaired globally because of eye diseases. As a result, the need for ophthalmic surgeries is rising, which, in turn, is resulting in a rise in the revenue inflow in the market.
Technavio has identified key trends, drivers, and challenges in the market, which will help vendors improve their strategies to stay ahead of their competitors. View our FREE PDF Sample Report
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Eye Care Surgical Devices Market Scope
Accelerate at a CAGR of 5.86%
North America, Europe, Asia, and ROW
US, UK, Germany, China, and France
Leading companies, competitive strategies, consumer engagement scope
Alcon Inc., Bausch Health Companies Inc., Carl Zeiss AG, Johnson and Johnson Inc., Lumenis Ltd., Novartis AG, Quantel Medical, TissueTech Inc., Topcon Corp., and Ziemer Ophthalmic Systems AG
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/ Newsroom: newsroom.technavio.com/news/eye-care-surgical-devicesmarket
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