The global ophthalmic diagnostic devices market is forecast to grow at a CAGR of 5.40% during the period 2017-2021.
The report, Global Ophthalmic Diagnostic Devices Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is growing technological innovations in ophthalmology. Ophthalmology is the first branch of science that adopted laser technology for the treatment. Since then the sub-branches of ocular imaging, diagnostics, therapy, and surgery, are being benefited in terms of more accurate measurements and safety. Along with these, the modern lasers can provide single-cell-layer selectivity in therapy, nondamaging retinal therapy under optoacoustic temperature control and sub micrometer accuracy in three-dimensional image-guided surgery.
According to the report, one driver in the market is rising incidence of eye-related disorders and ocular defects. Eye-related disorders are increasing globally mainly due to diabetes, rising age, and changing lifestyle. Diabetes leads to conditions like diabetic retinopathy, age-related factors can lead to AMD, and changing lifestyle can lead to cataract and low vision. A limited number of diabetic retinopathy treatments are conducted in low income countries due to lack of research, low healthcare spending, lack of trained eye care professionals, and inadequate tertiary eye-care services.
Further, the report states that one challenge in the market is lack of trained ophthalmologists. Multi-disciplinary facilities to meet the needs of ever-increasing population, and the availability of well-trained and skilled workers is important. Lack of sufficiently trained healthcare personnel, both in number and distribution, poses a challenge for ophthalmology, pharmacy, laboratory, radiography, and environmental health. Difficulties are also experienced in recruiting, retaining, training, developing, and utilizing the staff. The major constraints of this market are insufficient human resource, lack of funding by governments, and poor co-ordination between hospitals and ophthalmologists.