APAC Ophthalmic Diagnostics Market Analysis

$3,500.00$7,500.00

  • Type: Common Disease Area
  • Published : January 2022
  • Region: APAC
  • Country: Other
  • Report ID : 5003

  • Format: PPT, PDF

APAC Ophthalmic Diagnostics Market Analysis: Segmented by Product, Country- Growth, Market Size, Future Prospects & Competitive Analysis, 2020 – 2028

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Report Description of the APAC Ophthalmic Diagnostics Market Analysis

Research Scope and Assumption

  • The report provides the market value for the base year 2020 and a yearly forecast up to 2028 in terms of revenue (USD billion)
  • The key industry dynamics, regulatory scenario, reimbursement scenario, major market trends, and drug markets are evaluated to understand their impacts on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis
  • We have used the combination of top-down and bottom-up approach for market sizing, analyzing key regional markets, dynamics, and trends for various solutions, services, and end uses
  • All market estimates and forecasts have been validated through primary interviews with the Key Industry Players (KIPs) and secondary analysis
  • Inflation has not been accounted for in order to estimate and forecast the market
  • Numbers may not add up due to rounding off

Reason to buy the report:

  • Facilitate decision-making based on strong current and forecast data for APAC Ophthalmic Diagnostics Market  Analysis
  • Develop strategies based on the latest regulatory framework
  • Strategically analyze micro-markets with respect to individual growth trends, future prospects, and their contribution to the market
  • Analyze competitive developments such as expansions, investments, mergers & acquisitions, new product developments, and research & developments in the APAC Ophthalmic Diagnostics Market  Analysis
  • Analyze the opportunities in the market for stakeholders and draw a competitive landscape for market leaders
  • To strategically profile key players and comprehensively analyze their market shares and core competencies
  • We have technically sound team which do a deep dive research and also provide strategy based consulting analysis

APAC Ophthalmic Diagnostics Market Analysis Executive Summary

Ophthalmology is a branch of medicine related to the structure, functions, and diseases of the eye. Ophthalmic devices can be defined as medical devices utilized in the identification as well as treatment of eye defects or deficiencies and eye-related disorders.

Market Size and Key Findings

The APAC Ophthalmic Diagnostics Market Analysis size stood at around USD 1.55 billion in 2020 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of 4.3% during the forecast period.

The Asia-Pacific ophthalmic diagnostic devices market size was valued at $1,553.80 million in 2020 and is projected to reach xx million by 2028, registering a CAGR of 4.3% from 2020 to 2028.

Market Dynamics

Market Growth Drivers Analysis

The growth of the Asia-Pacific ophthalmic diagnostic devices market is majorly driven by aging population, increase in prevalence of ophthalmic diseases such as cataract and glaucoma, technological advancements in handheld devices for detecting glaucoma and macular degeneration, and increase in R&D activities. Imaging technologies in all fields of ophthalmology boosts the diagnostic capabilities. Recent advancements in these technologies help enhance the effect on retinal imaging during diagnosis.

Market Restraints

Low awareness regarding eye-related diseases and dearth of skilled professionals are expected to hamper the growth of the market. On the contrary, the countries such as China, India, and other Asia-Pacific countries possess high growth potential, owing to improving healthcare infrastructures in these countries.

COVID-19 impact on “APAC Ophthalmic Diagnostics Market”

The emergence of the novel coronavirus SARS-CoV-2, and the resulting disease COVID-19, has created a major international public health challenge. This has impacted all the sectors, disrupting the supply chain, and creating a shortage of supplies. As the government has imposed lockdown, the ophthalmology diagnostics clinics and the surgeries are postponed. This is due to the ophthalmologists are at high risk, considering the proximity to patients when inspecting patients and transmission may happen, including the eyes.

Competitive Landscape

Key Players

Some of the key players operating in the Asia-Pacific ophthalmic diagnostic devices market include Carl Zeiss Meditec AG, Halma, plc., Topcon Corporation, Essilor International S.A., Alcon Vision, Nidek Co., Ltd., Haag-Streit Holding AG, Ametek, Inc., Optovue Corporation, and Coburn Technologies, Inc.

Products in Pipeline

Cataract is the clouding of the lens in the eye, which initially prevents clear vision and eventually progresses to blindness, if left untreated.

Notable Recent Deals

  • In China, our latest research shows a USD3.6 billion market for ophthalmology treatment, performed in almost 6,500 hospitals including 500 specialised ophthalmology hospitals. This market is projected to grow at 13% a year to USD6.7 billion by 2020, led by vision correction surgery where we forecast over 8 million procedures will be performed in 2020. The number of specialised ophthalmology hospitals in China is forecast to increase by a massive 70% to 850 in the next five years, accounting for 70% of all procedures by 2020.

Healthcare Policies and Regulatory Landscape

Policy changes and Reimbursement scenario

The government has imposed guidelines for practice such as the use of teleophthalmology services for the patients who require urgent follow-up. The WHO estimates that more than 22 million people across the world were bilaterally blind from cataract in 2017. The WHO Action Plan for the prevention of blindness from 2014 to 2019 was approved by the World Health Assembly in May, 2013. VISION 2020 is based on the concept of a broad coalition of all international, nongovernmental, and private organizations that collaborated with the WHO in order to prevent blindness. Hence, increase in the number of cataract awareness programs is likely to boost market growth.

1. Report Description of the APAC Ophthalmic Diagnostics Market Analysis
1.1 Research Scope and Assumption
1.2 Objective of the study
1.3 Research Methodology
1.4 Reason to buy the report
2. APAC Ophthalmic Diagnostics Market Analysis Executive Summary
2.1 APAC Ophthalmic Diagnostics Market Analysis – Industry Snapshot & key buying criteria, 2020-2028
2.2 Market Size, Growth Prospects and Key findings
3. Market Dynamics of APAC Ophthalmic Diagnostics Market Analysis
3.1 Market Growth Drivers Analysis
3.1.1 Rise in prevalence of eye-diseases
3.1.2 Rapid technological advancements in ophthalmic
3.1.3 Increase in ageing population
3.2 Market Restraints Analysis
3.2.1 Unfavorable reimbursement policy
3.2.2 Dearth of skilled professionals
3.3 Covid-19 Market Impact Analysis
4. APAC Ophthalmic Diagnostics Market Segmentation
4.1 By Product:
4.1.1 Corneal topography systems
4.1.2 Retinal ultrasound systems
4.1.3 Fundus camera
4.1.4 Ophthalmoscopes
4.1.5 Optical coherence tomography systems
4.1.6 Perimeters
4.1.7 Slit Lamps
4.1.8 Tonometer
4.2 By Country:
4.2.1 Japan
4.2.2 China
4.2.3 Australia
4.2.4 India
4.2.5 South Korea
4.2.6 Rest of Asia-Pacific
5. APAC Ophthalmic Diagnostics Market Share
5.1 Market Analysis, Insights and Forecast – By Revenue
6. Competitive Landscape
6.1 Major Top Market Players
6.2 Products in Pipeline
6.3 R&D Initiatives in Ophthalmic Market
6.4 Notable recent deals in Ophthalmic Market
6.4.1 Joint Ventures
6.4.2 Partnerships
6.4.3 Mergers & Acquisitions
6.4.4 Strategic divestments
7. Key Company Profiles
7.1 Alcon Vision LLC Company overview
Product & Services, Strategies & Financials
7.2 Ametek, Inc. Company overview
Product & Services, Strategies & Financials
7.3 Carl Zeiss Meditec AG Company overview
Product & Services, Strategies & Financials
7.4 Coburn Technologies, Inc. Company overview
Product & Services, Strategies & Financials
7.5 Essilor International S.A. Company overview
Product & Services, Strategies & Financials
7.6 Haag-Streit Holding AG Company overview
Product & Services, Strategies & Financials
7.7 Halma, plc. Company overview
Product & Services, Strategies & Financials
8. Healthcare Policies and Regulatory Landscape
8.1 Policy changes and Reimbursement scenario
8.2 Government Initiatives / Intervention programs
9. Factors Driving Future Growth
9.1 New Trends and Development of Ophthalmic market
9.2 Future Opportunities
10. Strategic Recommendations

APAC Ophthalmic Diagnostics Market Analysis Segmentation

By Product:

By product, the market is bifurcated into refractors, corneal topography systems, retinal ultrasound systems, fundus camera, ophthalmoscopes, optical coherence tomography systems, perimeters, slit lamps, and tonometer. The fundus camera segment is further classified into mydriatic fundus cameras, non-mydriatic fundus cameras, hybrid fundus cameras, and ROP fundus cameras. The mydriatic fundus cameras further divided into tabletop and handheld. the non-mydriatic fundus cameras further divided into tabletop and handheld. the perimeters segment is further classified into static, kinetic, and combination. The static segment is further divided into handheld perimeter and desktop perimeter. The kinetic segment is further divided into handheld perimeter and desktop perimeter. The combination segment is further divided into handheld perimeter and desktop perimeter.

By product, the optical coherence tomography (OCT) systems segment accounted for the largest market share in 2019, and is expected to maintain its dominance during the forecast period, owing to the fact that the OCT device enables ophthalmologists to accurately map and measure the distinctive layers of the retina. Moreover, the major applications of the device include macula imaging, optic nerve & retinal nerve fiber layer (RNFL) imaging, and support in analyzing the morphology & quantifying changes in various disease states further boosts the growth of the Asia-Pacific ophthalmic diagnostic devices market.

By Country:

Japan accounted for the largest share of revenue in 2019, and is anticipated to maintain its dominance from 2020 to 2028, due to high expenditure on R&D, presence of large number of elder population, and rise in eye disorder. However, India is expected to register highest CAGR during the forecast period, as the Governments of the country is investing more in the development of healthcare infrastructure, rising ageing population, and rise in adoption of ophthalmic diagnostic devices for diagnose eye diseases efficiently. In addition, the rise in medical tourism in the country further boosts the growth of the Asia-Pacific ophthalmic diagnostic devices market.

Research Methodology

Insights10 will provide you reports within 10 key parameters which are:

  1. Market overview
  2. Market growth drivers & restraints
  3. Epidemiology or disease type
  4. Market segmentation
  5. Market share
  6. Competitive landscape
  7. Key company profiles
  8. Healthcare policies & regulatory framework
  9. Reimbursement scenario
  10. Factors driving future growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision making for business stakeholders. Our focused approach to develop reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

Our analysis methodology involves three critical stages:

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers and researchers across countries through which we engage with local experts to gather key data points and assumptions around each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain the high level of accuracy and consistency. The market data is analysed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, market share as well as segment-level analysis of the specific market. Our report includes precise, to the point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

  • Statistical Databases
  • Company Websites/Annual Reports
  • Trade Publications
  • Online Databases
  • Published Research Reports
  • Whitepapers
  • Press Releases of Key Market Players

Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameter and micro indicators. The macro parameters includes changes in government policies, demand and supply of the market, government intervention programs and major market share. The micro indicators GDP growth, market size, market volume etc. We also understand nuances specific to each country like US, Canada, India, Germany, etc. and have worked across 60+ countries and hence no only understand global trends, but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. start with large overall market and segment different areas and bottom-up approach i.e. start with population and epidemiology and roll up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach mainly used for new product forecasting and bottom-up approach is used for demand estimation of any product for different countries summed up to form total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and Africa for the period of 2020 to 2028. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape and policy and regulatory scenario and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases and the company level averages etc.

We make sure to finalize the numbers in alignment to the market research. Firstly, our internal experts ensure thorough validation and checking to ensure the accurate and precise analysis and then validation is also done using multiple data analysis model.  Two level validation is done and entails finalization of report scope and to way of representation pattern.

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analysed and synthesized. A second series of interviews are done if necessary to check and validate. The future opportunities are analysed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results are then, interpreted by considering following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue / volume
  • Analyzing current needs and determining penetration to estimate market

Insights: Our reports deliver actionable insights backed with supporting facts and figures to assist you in achieving exemplary growth. Our in-depth analyses are interspersed with relevant insights and statistics to offer an executive-level view of a given market. The description helps in correlating many minor factors affecting the market and its impact to the different segments within the market.
Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumptions.
The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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