#Ophthalmic Equipment Market 2020

[snehalblog]

Exploring the Pharmaceutical Sterile Fill-Finish Market: Trends, Innovations, and Industry Growth Drivers - UnivDatos

The Pharmaceutical Sterile Fill-Finish Market was valued at USD 3500 million in the year 2022 and is expected to grow at a strong CAGR of around 5% during the forecast period. In recent years, there has been a significant rise in the demand for vaccine and biologics. This article delves into the intricacies of the pharmaceutical sterile fill-finish market, exploring its applications, pivotal role in the pharmaceutical industry, and the driving forces shaping its growth trajectory.

Pharmaceutical Sterile Fill-Finish Demand in the Global Market

The pharmaceutical sterile fill-finish process plays a critical role in the production of sterile pharmaceutical products. It involves the aseptic filling of drug formulations into containers followed by sealing, labeling, and packaging. The global pharmaceutical sterile fill-finish market has witnessed significant growth in recent years, driven by various factors contributing to its expansion and evolution. The expanding pipeline of biopharmaceuticals, including monoclonal antibodies, vaccines, and cell therapies, has bolstered the demand for sterile fill-finish solutions. Biopharmaceutical products often necessitate specialized fill-finish processes to maintain product integrity and safety, thereby driving market growth.

Further, One of the major driver for the growth of the market is associated with the increasing prevalence of chronic diseases and the development of biologic drugs. For instance, as per the data of Certers for Disease Control and Prevention, 60% of the Amaercans are living with atleast one of the chronic disorder like heart disease, diabetes, or cancer.

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Applications of Pharmaceutical Sterile Fill-Finish

Pharmaceutical sterile fill-finish finds widespread applications across various therapeutic areas, including but not limited to:

1, Biologics: Biopharmaceuticals, including monoclonal antibodies, vaccines, and recombinant proteins, often require sterile fill-finish processes to maintain product integrity and efficacy.

2. Injectable Drugs: Sterile fill-finish is indispensable for preparing injectable medications such as antibiotics, analgesics, and chemotherapy agents, ensuring sterile administration and patient safety.

3. Parenteral Nutrition: Intravenous solutions and parenteral nutrition products necessitate sterile fill-finish procedures to prevent microbial contamination and ensure patient well-being.

4. Ophthalmic Preparations: Sterile fill-finish plays a vital role in manufacturing ophthalmic solutions, suspensions, and ointments, safeguarding ocular health and minimizing the risk of infections.

5. Sterile Liquids and Suspensions: Various sterile liquids, suspensions, and emulsions formulated for intravenous, intramuscular, or subcutaneous administration rely on sterile fill-finish processes for quality assurance.

Recent Developments/Awareness Programs: - Several key players and governments are rapidly adopting strategic alliances and recent product launches are supplementing the growth of the market.

· IN 2023, Sartorius AG announced the launch of their innovative sterile fill-finish system equipped with advanced robotics and automation technology. This system enables precise and efficient filling and sealing of parenteral drug products, enhancing production efficiency and reducing the risk of contamination.

· In 2022: Catalent, Inc. introduced a new sterile fill-finish solution utilizing blow-fill-seal (BFS) technology for aseptic packaging of injectable medications. This technology offers superior product protection, extended shelf life, and reduced environmental impact compared to traditional packaging methods.

· In 2020, Bausch Health Companies Inc. announced a strategic collaboration with a leading contract manufacturing organization (CMO) specializing in sterile fill-finish services. This collaboration aimed to leverage Bausch's extensive pipeline of sterile injectable pharmaceuticals with the CMO's expertise in aseptic manufacturing to accelerate product development and market access.

· In 2020, Bausch Health Companies Inc. announced the acquisition of an aseptic manufacturing facility in North Carolina, aimed at expanding its sterile fill-finish capabilities to support the production of sterile injectable pharmaceuticals.

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Conclusion

The pharmaceutical sterile fill-finish market plays a pivotal role in ensuring the safety, efficacy, and accessibility of parenteral medications worldwide. With increasing demand for injectable drugs, advancements in biopharmaceuticals, and a regulatory focus on quality and compliance, the market is poised for continued growth and innovation, driving the adoption of advanced sterile fill-finish technologies and services. Through a combination of applications spanning various therapeutic areas, stringent regulatory standards, and technological innovations, the pharmaceutical sterile fill-finish market remains a cornerstone of the pharmaceutical industry, facilitating the delivery of life-saving medications to patients around the globe.

[industrynewsupdates]

An In-Depth Look at the Growth of Global Surgical Robots Market

The global surgical robots market size is expected to reach USD 7.42 billion by 2030 and is expected to grow at a CAGR of 9.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. Surgical robotic systems are equipped with high-definition cameras and robotic arms, allowing surgeons to perform complicated procedures with enhanced accuracy. The market has grown substantially due to rising demand for minimally invasive surgeries, need for improved surgical outcomes, and continuous evolution of robotic technology. As the healthcare landscape embraces innovation, surgical robots are increasingly becoming a vital tool, revolutionizing surgical approaches and contributing to better patient care.

Moreover, increasing penetration of international players in various regions is expected to boost market growth. COVID-19 outbreak significantly influenced the uptake and integration of surgical robots. Supply chain disruptions and extensive lockdowns across key nations had a notable impact on market growth. An overall decline in surgical procedure volumes due to the pandemic and stringent regulations contributed to the downturn in 2020. As circumstances move closer to pre-pandemic norms, the market is poised for substantial growth.

Gather more insights about the market drivers, restrains and growth of the Surgical Robots Market

Surgical Robots Market Report Highlights

• Based on application, others segment accounted for a revenue share of 44.6% in 2023 due to increased usage of advanced automated instruments in cancer and high demand for minimally invasive laparoscopic surgeries

• Based on end-use, inpatient facilities segment held the largest revenue share of 53.21% in 2023 due to high financial resources and patient volume to justify the investment in costly surgical robotic systems

• North America accounted for the largest revenue share of 49.9% in 2023, owing to the strong presence of international players, a lineup of several U.S. FDA clearance products, ongoing robotics developments, and demand for minimally invasive surgeries to reduce the post-operative period

Browse through Grand View Research's Medical Devices Industry Research Reports.

• The global ophthalmic sutures market size was estimated at USD 467.3 million in 2024 and is projected to grow at a CAGR of 7.2% from 2025 to 2030.

• The global irradiation apparatus market size was estimated at USD 7.89 billion in 2024 and is expected to grow at a CAGR of 6.0% from 2025 to 2030.

Surgical Robots Market Segmentation

Grand View Research has segmented the global surgical robots market based on application, end-use, and region:

Surgical Robots Application Outlook (Revenue, USD Million, 2018 - 2030)

• Orthopedics

o Knee

o Hip

o Spine

o Others

• Neurology

• Urology

• Gynecology

• Others

Surgical Robots End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Inpatient

• Outpatient

Surgical Robots Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

o U.S.

o Canada

• Europe

o UK

o Germany

o Italy

o France

o Spain

o Denmark

o Sweden

o Norway

• Asia-Pacific

o China

o Japan

o India

o Australia

o South Korea

o Thailand

• Latin America

o Brazil

o Mexico

o Argentina

• Middle East & Africa

o South Africa

o Saudi Arabia

o UAE

o Kuwait

Order a free sample PDF of the Surgical Robots Market Intelligence Study, published by Grand View Research.

[bhushans]

Global Focus on Improved Outcomes: Global Cosmetic Surgery Product Market

The cosmetic surgery product market forgoods will reach a valuation of US$ 19.09 billion by 2023. It is anticipated to grow at a compound annual growth rate (CAGR) of 8.1% between 2023 and 2033, when it would have accumulated US$ 41.64 billion. The industry's growth is due to the accessibility of highly developed products that can execute a range of surgical procedures as well as the younger population's increasing awareness of cosmetic procedures.

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The emergence of advanced technical equipment, such as non-invasive body contouring systems that utilize fat-freezing technology, is anticipated to present favorable growth prospects for the industry in the upcoming ten years. According to the Aesthetic Society of the United States, 140,314 non-invasive body fat reduction treatments were carried out in 2020, placing it in the top 5 non-invasive procedures in the nation.

A Younger Generation Embraces Cosmetic Enhancement

The global cosmetic surgery products market is experiencing significant growth, fueled by a growing trend among younger demographics. Increased awareness of cosmetic procedures and a desire for a more youthful appearance are driving demand for these products.

Technological Advancements Fuel Market Innovation

The market is not only expanding in terms of user base, but also evolving rapidly due to advancements in technology. The development of innovative products like non-invasive body contouring systems utilizing fat-freezing technology is creating exciting possibilities for minimally invasive cosmetic procedures. This trend is expected to continue, offering a wider range of safe and effective cosmetic options for patients.

Key Takeaways:

The global cosmetic surgery products market is estimated to reach US$41.64 billion by 2033, reflecting a significant rise from US$19.09 billion in 2023.

This growth is projected at a steady compound annual growth rate (CAGR) of 8.1% throughout the forecast period.

Rising young consumer interest in cosmetic procedures and advancements in surgical technology are key drivers for market expansion.

Competition Analysis:

Key players in the global cosmetic surgery products include Mentor Corporation, Allergan, Candela Corp, Lumenis Ltd., Cutera Inc, Palomar Medical, Iridex Corp, DermaMed Pharmaceutical Inc, Solta Medical, Medtronic plc, Syneron Medical Ltd., Johnson & Johnson Services, Inc. Cynosure Inc., and several others.

Key Updates from the Industry

Apyx® Medical Corporation introduced the Apyx One Console, its latest-generation Renuvion generator, to the United States in January 2023. This state-of-the-art console boasts a multi-functional design, integrating an advanced 3-in-1 energy system that empowers plastic and cosmetic surgeons to utilize Renuvion technology alongside full monopolar and bipolar energy options.

ZimVie made an announcement in November 2022 about the launch of their TSX implant in the United States. This implant represents the latest advancement in their range of surgical, restorative, and digital dentistry solutions. The TSX implants are specifically designed for immediate extraction and loading procedures, offering enhanced predictability and stability when placed in both soft and dense bone.

Health Canada granted regulatory approval to Sientra’s breast implants in March 2022. The company plans to offer these breast implants in Canada by collaborating with its local partner, Kai Aesthetic. Under the distribution agreement, Sientra is committed to maintaining the utmost product quality, safety, and service standards, ensuring the well-being of patients and plastic surgeons alike.

In March 2021, Iridex Corporation a provider of innovative ophthalmic laser-based medical products for the treatment of glaucoma and retinal diseases, announced today that it has entered into a strategic collaboration with Topcon Corporation. Topcon is a Japanese-based manufacturer and distributor with approximately US$ 1.3 Billion in annual revenues, including US$ 430 Million from its eye care business.

In May 2020, AbbVie, announced that it has completed its acquisition of Allergan plc following receipt of regulatory approval from all government authorities required by the transaction agreement and approval by the Irish High Court.

Key Segments Profiled in the Global Cosmetic Surgery Products Market

By Product Type:

Cosmetic Surgery Implants

Breast Implants

Chin & Cheek Implants

Injectables

Botulinum Toxin

Soft Tissue Fillers

Dermal Fillers

Absorbable Fillers

Non-Absorbable Fillers

Cosmetic Surgery Lasers

Ablative Laser

Non-Ablative Laser

Microdermabrators

Liposuction Equipment

Cosmetic Surgery Services

By Application:

Face

Upper Body

Breasts

Hands

Stomach

Lower Body

By End User:

Hospitals

Ambulatory Surgical Centers

Clinics

Universities and Research Centers

Homecare Settings

By Region:

North America

Latin America

Europe

Asia Pacific

Middle East & Africa

[pavanpj]

Wearing the Future: Hard Coatings Market Size, Share, and Analytical Insights

 In 2023, the global hard coatings market is projected to be valued at US$ 893.3 million, with an anticipated growth rate of 6.0% throughout the forecast period. By the conclusion of 2033, the market is forecasted to attain a valuation of US$ 1,599.7 million. Hard coatings, also known as hard anodizing, function as electrochemical substances providing corrosion resistance for metals such as aluminum and steel.

These coatings find applications in various sectors, including metal dinnerware, plumbing fixtures, sporting goods, eyeglass frames, door hardware, injection molding dies, cutting tools, optics, gears, and decorative items. The market presents numerous opportunities, spanning product manufacturing, distribution, retail, and marketing services. Analysts at Fact.MR have employed extensive primary and comprehensive secondary research to derive various estimates and projections for the demand of hard coatings at both global and regional levels.

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The hard coatings market is a diverse and dynamic segment of the coatings industry. Hard coatings are typically thin films or layers that add an extra level of protection to a substrate’s surface. These coatings can be made of various materials, including ceramics, carbides, nitrides, and diamond-like carbon (DLC). They are widely used to enhance the wear resistance, scratch resistance, and overall longevity of components in various applications, including cutting tools, industrial equipment, optics, and consumer electronics.

Key Growth Drivers:

Manufacturing and Industrial Applications: The manufacturing sector relies heavily on hard coatings to extend the lifespan and improve the performance of tools and equipment. Enhanced durability and reduced wear translate into cost savings for manufacturers.

Automotive and Aerospace: In the automotive and aerospace industries, hard coatings are used for components such as engine parts, bearings, and aerospace structures. They improve the efficiency and longevity of these parts, contributing to safety and performance.

Electronics and Semiconductors: Hard coatings play a vital role in the electronics and semiconductor industries. They protect sensitive components from abrasion, wear, and environmental factors, ensuring reliability and durability.

Optical and Medical Devices: Optics, medical devices, and ophthalmic equipment benefit from hard coatings that improve lens durability, reduce glare, and enhance scratch resistance. These coatings are crucial for maintaining optical clarity and patient safety.

Market Players: –

ASB Industries Inc.

CemeCon AG

Dhake Industries Inc.

DIARC-Technology Oy

Duralar Technologies

Exxene Corp

Gencoa Ltd.

Hardcoatings Inc.

Ihi Hauzer Techno Coating B.V

Eminent Players Key Stratagems

Market titans focus on expanding their business across the globe to enhance their market reach coupled with establishing sales channels in untapped markets to strengthen brand image at the global level. Further, product launch or product improvement is likely to curb the demand pool. Also, collaboration and pricing remain the go-to strategies to remain competitive in the market and enhance the customer base.

In January 2021, ASB Industries Inc. collaborated with Hannecard to henceforth operate under the name Hannecard Roller Coatings Inc. This partnership is likely to expand ASB’s rubber & polyurethane roller coatings business across key industries.

Since 2020, CemeCon K.K. has been collaborating with several Japanese tool manufacturers to provide its range of diamond coatings at its new coating center in Nagoya. Furthermore, they have successfully integrated the HiPIMS technology.

Industry News :

Nano-Coatings and Nanotechnology: The industry saw increased interest in nanocoatings and nanotechnology, which enable the development of thinner, more resilient hard coatings. These coatings offer improved performance while reducing the environmental footprint.

Environmental Regulations: Environmental regulations and concerns about the impact of coatings on the environment have led to the development of eco-friendly hard coatings. Water-based and solvent-free options gained prominence as the industry worked to reduce VOC emissions.

Anti-Reflective (AR) Coatings: In the optics industry, AR coatings have continued to advance. These coatings minimize glare and improve light transmission, enhancing the performance of eyeglasses, camera lenses, and other optical devices.

Automotive Hard Coatings: With the automotive industry’s focus on sustainability and fuel efficiency, manufacturers have looked to hard coatings to reduce friction and improve engine efficiency. This development aligns with the growing demand for electric vehicles.

Medical Device Coatings: In the medical field, hard coatings are used to improve the biocompatibility of medical devices and reduce the risk of infection. These coatings play a crucial role in enhancing the safety and performance of implantable and surgical instruments.

Growth in Wearables: The rise in wearable technology, including smartwatches and fitness trackers, has driven the demand for durable, scratch-resistant coatings on device screens and casings.

Aerospace Innovations: The aerospace industry has been exploring advanced hard coatings to enhance the performance of aircraft components and structures. These coatings offer lightweight protection against extreme conditions and corrosion.

Segmentation of Hard Coatings Industry Research

By Deposition Technique :

Physical Vapor Deposition

Chemical Vapor Deposition

By Material :

Boride

Nitride

Oxide

Carbide

Carbon-based

Multi-Component

Regional analysis includes

North America (U.S., Canada)

Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)

EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe

CIS & Russia

Japan

Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)

[techninja]

Emerging Technologies Reshaping the Ophthalmic Devices Market

Introduction

The global ophthalmic devices market has witnessed significant growth and innovation over the years, driven by factors such as an aging population, increasing prevalence of eye disorders, technological advancements, and a growing awareness of the importance of eye health. Ophthalmic devices play a crucial role in the diagnosis, treatment, and management of various eye conditions, making them a critical component of the healthcare industry. This article delves into the dynamics of the ophthalmic devices market, its key segments, major players, and future prospects.

Market Overview

The ophthalmic devices market encompasses a wide range of products designed to address various eye-related issues. These devices include diagnostic equipment, surgical instruments, vision correction aids, and more. As of the last available data, the market was valued at approximately $23 billion in 2020. With the increasing global geriatric population and rising instances of eye disorders, the market is expected to experience steady growth in the coming years.

Key Segments

1. Diagnostics and Imaging Devices: Ophthalmic diagnostics and imaging devices, such as optical coherence tomography (OCT) machines and fundus cameras, are essential for the accurate diagnosis and monitoring of eye conditions like glaucoma, macular degeneration, and diabetic retinopathy. These devices offer high-resolution images, aiding ophthalmologists in early disease detection and treatment planning.

2. Surgical Instruments: Ophthalmic surgical instruments are used in procedures like cataract surgery, corneal transplants, and retinal surgeries. These instruments have seen remarkable advancements, including the use of lasers and robotic-assisted surgery, leading to better patient outcomes, shorter recovery times, and enhanced precision.

3. Vision Correction Devices: Vision correction devices, including eyeglasses and contact lenses, remain an integral part of the ophthalmic devices market. Recent innovations in this segment include advanced lens materials, multifocal lenses, and even smart contact lenses with health monitoring capabilities.

4. Ophthalmic Drugs: While not devices in the traditional sense, pharmaceuticals for eye-related conditions are a significant part of the market. They are used to treat a wide range of conditions, from dry eye syndrome to glaucoma and more.

Major Players

The ophthalmic devices market is highly competitive, with several major players and numerous smaller companies contributing to its growth. Some of the key players in this market include:

- Alcon Inc.: A division of Novartis, Alcon is a global leader in eye care solutions, offering a wide range of products from surgical equipment to vision care.

- Johnson & Johnson Vision: Known for its contact lenses and innovative vision correction solutions, this company is a significant player in the market.

- Carl Zeiss Meditec: Renowned for its high-quality ophthalmic diagnostics and imaging equipment, Carl Zeiss Meditec is a key contributor to the sector.

- Bausch + Lomb: This company specializes in both pharmaceuticals and eye care products, including contact lenses, eye drops, and surgical equipment.

Future Prospects

The ophthalmic devices market is poised for continued growth and innovation. Several factors are expected to shape its future:

1. Technological Advancements: Ongoing advancements in diagnostic and surgical technologies are expected to result in more accurate and minimally invasive procedures, improving patient outcomes and reducing recovery times.

2. Increasing Aging Population: The global aging population is set to drive the demand for ophthalmic devices as age-related eye conditions become more prevalent.

3. Rising Eye Disorders: Lifestyle factors, such as prolonged screen time, and the increasing incidence of conditions like diabetes, are contributing to a higher prevalence of eye disorders, necessitating more sophisticated ophthalmic solutions.

4. Emerging Markets: The ophthalmic devices market is expanding in emerging economies where healthcare infrastructure is improving, and disposable income is rising, making advanced eye care more accessible.

In conclusion, the ophthalmic devices market plays a critical role in maintaining and restoring vision, and it continues to evolve with technological advancements and the changing healthcare landscape. As the world recognizes the significance of eye health, this market is expected to witness sustained growth and foster a clearer, healthier future for millions of individuals worldwide.

[industryupdate]

Eye Testing Equipment Market IS Dominated by North America

According to the report of P&S Intelligence, the size of the eye testing equipment market was USD 2,852.2 million in 2021, and it will increase to USD 5,246.1 million by 2030, powering at a rate of 7% in the years to come.

Glaucoma will have the fastest growth, at a rate of 8%, in the years to come, as this eye disorder is extremely predominant. In 2020, about 78 million people had glaucoma, and this will be approximately 110 million by 2040.

OCT and tonometry support in diagnosing glaucoma, that is the reason why the rising frequency of this illness will power the requirement for OCT devices and tonometers.

Autorefractor and phoropter category had in excess of 30% in 2021. This is accredited to the snowballing occurrence of myopia in adults and children, which is powering eyeglasses demand and the eye examination market.

The OCT device category will witness the fastest growth in the years to come, as OCT is a non-invasive imaging method used to conduct an optical biopsy. Moreover, the method is more helpful than traditional ones, and the device put to use for it is portable and compact.

Hospitals and eye clinics dominate the eye testing equipment market in the recent past, as these medical facilities are favored by people with eye issues. Frequently, in developing economies, hospitals and eye clinics are the only facilities for executing eye treatment and diagnosis procedures.

Furthermore, the increasing disposable income, improving healthcare infra, and growing knowledge and consciousness about eye treatments across the world are the main factors driving the industry.

Also, optometry academic institutes had over 15% share, as numerous optometry academic institutes conduct general eye testing programs at numerous government campuses and educational institutions. Programs for example single-day vision testing in urban and rural areas are powering the requirement for eye testing equipment.

It is because of the advancement in the technology of ophthalmic diagnostics, the demand for eye testing equipment will be on the rise in the years to come.

[healthcare-market]

OCT Ophthalmoscopes Market to Observe Strong Development by 2025

OCT Ophthalmoscopes: Promising New Approach to OCT Imaging of Retina

· OCT ophthalmoscope is a device used in optical coherence tomography (OCT) for examining the interior of the human eye by means of a beam of light, which illuminates otherwise invisible tissues

· OCT ophthalmoscope performs cross-sectional OCT imaging with a wider scanning field and better resolution compared to the Humphrey OCT

· It can generate three-dimensional views of the retina, with a point-by-point correspondence to the confocal image, which has paramount importance in ophthalmology studies and complications

· Distinct advantages of OCT ophthalmoscopes over currently available commercial systems include performing multi-depth coronal sections (C scans) with superior resolution, wider coronal scanning strategy, and three-dimensional capabilities. Because of this, details missed by the Humphrey OCT can be easily picked up with the OCT ophthalmoscope.

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Key Drivers and Restraints of Global OCT Ophthalmoscopes Market

· Rise in prevalence of ophthalmological disorders such as retinal vascular diseases, glaucoma, and macular degeneration is the major factor boosting the growth of the global OCT ophthalmoscopes market

· According to the Glaucoma Research Foundation, the total number of suspected cases of glaucoma were over 60 million globally in 2010 and it is projected to reach around 80 million by the end of 2020

· Technological advancements in terms of novel approaches for diagnosis of ophthalmological diseases and rise in prevalence of chronic diseases such as diabetes, which can cause eye complications or disorders, are the other factors fueling the growth of the global OCT ophthalmoscopes market

· Moreover, rise in awareness about eye care and various awareness campaigns drive the global OCT ophthalmoscopes market

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Shortage of Skilled Personnel with Expertise in Ophthalmic Surgery Hampers Market Growth

· Ophthalmic equipment is key for the delivery of quality eye care at a reasonable cost. However, the cost of ophthalmic devices as well as the service and its maintenance are high. This could hamper market growth.

· Lack of skilled personnel to operate OCT ophthalmoscope and expertise in ophthalmic surgery also restrains the market

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Fixed OCT Ophthalmoscopes to be Dominant Segment

· Based on product type, the global OCT ophthalmoscopes market can be bifurcated into fixed OCT ophthalmoscopes and mobile OCT ophthalmoscopes

· The fixed OCT ophthalmoscopes segment accounted for major share of the global market in 2019 owing to availability of fixed products at major hospitals and research centers

· Mobile OCT ophthalmoscopes is anticipated to be a more lucrative segment in the next few years due to portability, easy access, and favorable reimbursement scenario

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Specialty Clinics to be More Promising Segment

· In terms of end-user, the global OCT ophthalmoscopes market can be divided into hospitals, ophthalmic clinics, and others

· The hospitals segment dominated the global market during the forecast period owing to increase in number of patients opting for treatment at hospitals supported by reimbursement programs and availability of advanced medical devices at these hospitals

· Ophthalmic clinics is expected to be a more promising segment during the forecast period due to increase in number of clinics for ophthalmologic problems, availability of well-equipped staff, and launch of various awareness campaigns.

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North America to Lead Global OCT Ophthalmoscopes Market

· In terms of region, the global OCT ophthalmoscopes market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

· North America dominated the global OCT ophthalmoscopes market in 2019 due to higher prevalence of ophthalmic disorders, favorable reimbursement scenario, and early adoption of advanced products

· According to the Glaucoma Research Foundation, an estimated 3 million people had glaucoma in the U.S. in 2017 and around 50% of this population knew about their disease

· Asia Pacific is likely to be a highly attractive market during the forecast period owing to increase in geriatric population, which is more prone to ophthalmic disorders, rise in awareness about ophthalmic diseases, and improvement in health care infrastructure

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[esglatestmarketnews]

Scanning Electron Microscopes Market Demand and Future Scope by 2028

Scanning Electron Microscopes Industry Overview

The global scanning electron microscopes market size was valued at USD 3.4 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 8.52% from 2021 to 2028.

Key drivers of the market include increasing demand for nanotechnology-based research and consequent rise in funding. Furthermore, growing product application in the semiconductor, electronics, and pharmaceutical industries is expected to drive the market over the forecast period. In addition, improvements in the resolution power and features like attachment of other devices, such as energy x-ray dispersion spectrometer, are expected to propel market growth over the forecast period.

A key reason for the success of Scanning Electron Microscopes (SEMs) is that they are widely used by small- to medium-scale R&D institutes and pharmaceutical companies. They provide researchers and quality assurance personnel with data regarding surface morphology and properties, such as topography, chemical analysis, fractography, etc. For example, the Zeiss Gemini 500 is a high-resolution Field Emission Scanning Electron Microscope (FE-SEM) that delivers nanoscale imaging from 100 mm diameter wafers down to small pieces. It has excellent resolution and image quality at high and low accelerating voltages.

Gather more insights about the market drivers, restrains and growth of the Global Scanning Electron Microscopes Market

As nanotechnology has applications in most of the areas of semiconductors, material sciences, and life sciences, which substantially affect the economy of any nation, it promotes government organizations and other corporate enterprises to support the R&D via public funding. The global market is observing higher growth owing to various driving factors, such as it is one of the most vital devices to analyse nanomaterials at the atomic scale in many pharmaceutical industries, medical devices, and numerous industry verticals.

Semiconductor device manufacturing requires microscopes for procedures, such as lithography, coating, failure analysis, and detection. Growth of the semiconductor industry at a rapid pace in nations, such as India and China, owing to the outsourcing of electric equipment manufacturing is a major driver of the SEMs market.

Increasing global focus on R&D for applications, such as neurosciences, material sciences, life sciences, nanotechnology, and semiconductor industry, would increase the adoption rate for advanced and automated microscopes, such as scanning probe microscope, analytical electron microscope, and SEMs. These microscopes provide imaging resolution as high as 0.1 nm, which is necessarily required for these precision manufacturing industries.

These applications are sub-segments of the semiconductor industry, which are recently gaining enormous demand in the market. According to Moore’s law, the semiconductor industry is constantly moving towards the miniaturization of transistor chips. These trends of miniaturization of transistor chips requiring advanced microscopes, such as TEM, SEM, and SPM, for analytical and quality assurance purposes will provide great market potential over the next seven years.

Browse through Grand View Research's Medical Devices Industry Research Reports.

• Audiology Devices Market: The global audiology devices market size was valued at USD 8.9 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 7.1% from 2022 to 2030. The industry growth can be attributed to factors, such as the growing geriatric population and cases of hearing disorders along with supportive government initiatives for easy access to hearing aid. 

• Corneal Implants Market: The global corneal implants market size was valued at USD 392.9 million in 2021 and is anticipated to register a compound annual growth rate (CAGR) of 6.5% from 2022 to 2030. The increasing prevalence of ophthalmic diseases, such as keratoconus, Fuchs dystrophy, and infectious keratitis, is the key factor propelling the industry's growth. 

Scanning Electron Microscopes Market Segmentation

Grand View Research has segmented the global scanning electron microscopes market on the basis of application and region:

Scanning Electron Microscope Application Outlook (Revenue, USD Million, 2016 - 2028)

• Material Science

• Nanotechnology

• Life Science

• Semiconductors

• Other Applications

Scanning Electron Microscope Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East & Africa (MEA)

Key Companies profiled:

Some prominent players in the Global Scanning Electron Microscopes Market include

• Bruker Corp.

• Danish Micro Engineering (DME)

• Thermo Fisher Scientific

• Hitachi High Technologies Corp.

• JEOL Ltd.

• Leica Microsystems

• Nanoscience Instruments, Inc.

• Nikon Corp.

• Olympus Corp.

• Carl Zeiss

Order a free sample PDF of the Scanning Electron Microscopes Market Intelligence Study, published by Grand View Research. 

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Tonometry Market is Expected to Register a 6.9% CAGR by the End of 2024

The global tonometry market is segmented into types such as applanation tonometry, pascal dynamic contour tonometer, rebound tonometer and indentation tonometer. Further,applanation tonometry segment in sub-segmented into contact and non contact. Among these segments, applanation tonometry segment is projected to account for the leading market in the overall tonometry market and is expected to seize a highest CAGR over the forecast period. Further, the factors propelling the growth of applanation tonometry segment includes it is easy to operate along with it outcomes high accuracy. Moreover, rising prevalence of glaucoma disease is anticipated to upsurge the demand for tonometer for the diagnosis of glaucoma.

Global tonometry market is expected to register a 6.9% CAGR over the forecast period. Moreover, the global tonometry market is anticipated to account for exponential revenue during the forecast period i.e. 2017-2024.  Moreover, supporting government initiatives for the eye care industry all over the globe is expected to propel the growth of tonometry market.

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The hospitals segment by end user is believed to grab a notable CAGR by the end of 2024. Moreover, advancement in imaging products to rectify the various ophthalmic diseases along with rising number of hospitals in developing region is believed to be the dynamic factor behind the rapid growth of hospitals segment. In the regional platform, North America tonometry market is expected to account for biggest market in global tonometry market. Further, U.S. is the dominating country in this region owing to presence of key vendors and presence of developed healthcare infrastructure. Apart from this, Asia-Pacific region is believed to be the fastest growing tonometry market due to presence large population affected with eye diseases.  

Evolution of Ophthalmic Diagnostic Devices

Rapidly increasing ophthalmic diseases all over the globe have augmented the demand for highly advanced imaging diagnostic devices are rapidly evolving the ophthalmic diagnostic industry all across the globe. Moreover, continuous research and development activities by major key vendors in the field of tonometry on the back positive support from government is anticipated to be the dynamic factor behind the rapid growth of tonometry market.

Increasing Prevalence of Glaucoma

Growing number of population affected glaucoma all across the globe is boosting the demand for tonometer for diagnosis of the disease. For instance, according to American Academy of Ophthalmology, the number of glaucoma affected of people is expected to increase to 3.3 Million by the end of 2020.This factor is believed to foster the growth of tonometry market over the forecast period.

On the contrary, high cost of tonometry is expected to hamper the growth of tonometry market.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

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This report also provides the existing competitive scenario of some of the key players of the global tonometry market which includes company profiling of Topcon Corporation, Oculus Inc., Keeler Ltd., iCare Medical Inc., Reichert Technologies, Rexxam Co., Ltd., Nidek Medical India Pvt. Ltd., Accutome Inc., Canon U.S.A., Inc. and Tomey USA. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global tonometry market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future. 

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Surgical Retractors Market: Insights into Key Prospects

In recent times, adopting a sedentary lifestyle has led to the growing prevalence of chronic disorders, including diabetes, cancer and increasing demand for ophthalmic and orthopedic procedures. The annual incidence of knee osteoarthritis is highest between the age of 45-65 years, amounting to 45% of patients. With the surge in the number of medical procedures, the demand for surgical instruments such as retractors is expected to rise.

The global surgical retractors market was worth $2.19 billion in 2021 and is predicted to increase at a CAGR of 6.01% during the forecast period 2022 and 2028.

The market growth is attributed to the rising number of cardiovascular disease cases and growing musculoskeletal disorders. Additionally, quick adoption of technological advancements and an increase in R&D and investments by market players are anticipated to boost the market’s growth.

Surgical Retractors Market Outlook

Medical devices are vital in checking and providing appropriate treatment to patients to enhance their health. One such instrument is the surgical retractors, utilized in various procedures, including solid, cardiothoracic, and stomach operations. Hand, self-holding, and wire are various types of surgical retractors used in medical procedures.

As per World Health Organization, cardiovascular diseases are rising, being the top 10 causes of death. In 2019, around 17.9 million people died from such diseases, amounting to 32% of global deaths. Such numbers denote the necessity of medical care and surgery to overcome diseases such as coronary heart disorder, cerebrovascular disorder and others.

A recent analysis of Global Burden of Disease (GBD) data showed approximately 1.71 billion people globally have musculoskeletal conditions. These conditions are treated with surgeries such as knee replacement surgery, hip surgery, shoulder replacement surgery, spinal surgery etc.

The increase in cardiovascular diseases and musculoskeletal disorders makes cardiothoracic surgery the largest share in the application segment market, growing at a CAGR of 4.91%. The segment’s growth is attributable to the market players such as B Braun, who sells Heart XS Sternum Retractor, which gives the median access to cardiothoracic surgery. It is a modular sternum retraction system for open median sternotomy – applicable for surgeries with and without a heart-lung machine.

Furthermore, the demand for retractors such as handheld, self-retaining and other types has grown over time. Among all, Handheld retractors hold the highest share in the type segment. It represented 45.31% of the entire market. The companies like world precision center create handheld retractors such as 'Senn,' a double-ended instrument used in procedures such as orthopedic surgeries.

Currently, Asia-Pacific is expected to be the fastest-growing region in the market, with a CAGR of 7.01%. The region is home to densely populated countries with a large number of geriatric people with an increased risk of cardiovascular diseases. Such ailments necessitate surgery, leading to the market’s growth.

Competitor’s Take on Technological Advancements

The entrance barriers in the studied market range from low to medium. New participants are entering the market with organ-specific tailored retractors. The combination of existing designs and advanced technologies is likely to aid in the replacement of traditional retractors. One of the most recent examples of such integration is the illuminated retractor, predicted to swiftly produce significant growth in the future.

Key strategic Initiatives:

In 2020, June Medical partnered with Vivo Surgical to launch the Galaxy II LUX self-retaining ring retractor with light.

In April 2021, Medtronic plc announced an agreement with Medtronic's StealthStation S8 careful course structure to integrate Surgical Theater's SyncAR extended reality development.

In May 2019, OBP, a leading developer of self-contained and single-use medical equipment, announced the release of Onetrac LX, a newly developed single-use cordless surgical retractor.

In January 2018, QSpine, a medical device manufacturer in the United Kingdom, announced the release of the SURE Single Use Retractor, which delivers optimal operating conditions at the surgical site.

Concluding Statement

The growth of the surgical retractors market is due to the rise in surgeries and the presence of international companies. However, the market may face certain challenges with the technological developments and rising awareness of minimally invasive surgery. Such procedures are gaining popularity due to the small incisions, and a few stitches used, avoiding unnecessary damage to the body. Although owing to their high cost and lack of resources, these surgeries are not an option for developing countries. Thus, traditional surgical methods will witness steady growth in the future.

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UAE Medical Devices Market Growth Rate, Share, Size, Forecast and Outlook to 2025: Ken Research

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UAE Medical Devices Market is expected to Grow at CAGR 6.7% during 2020-2025, generating a revenue of over USD 2 Billion in 2025F: Ken Research

Key Findings

As the UAE are almost entirely reliant on imports of medical devices, abundant opportunities are available for medical device companies to meet the country’s growing demand.

Increasing presence of Global Manufacturers into the UAE Medical Devices market will support the dominance of Distributor Mediated sales as these companies require local distributor partnerships to sell their devices in UAE.

Innovative surgical interventions like autonomous surgical robots and intelligent balloon catheters will enhance outcomes of complex surgeries and enable new forms of minimally invasive surgeries.

Increased Demand for Radiography Services: High incident rates of lung and heart diseases prompt hospitals to make enhancements for medical equipment, thus, increasing the demand for general radiography devices like electro-cardiographs, ultrasound, x-ray and others. The major advantages of digital imaging are cost-effectiveness and easy accessibility. The hospitals are able to cut the cost by lowering the film price, reducing the requirement of storage space, and decreasing the number of people required to run the services and archive sections.

Rise of Telemedicine Industry: The Telehealth market in UAE is forecast to reach over $536.5 Mn by 2025, expanding @25% CAGR from 2020 to 2025. The highest growing segment within telehealth will be virtual visit market, which is expected to reach $280.7 Mn by 2025 representing @30.7% CAGR. The market holds many opportunities to grow owing to the lack of access to care and rising provider adoption of telemedicine, rising consumer demand and patient acceptance, and enhanced quality of care.

New Healthcare Infrastructure Projects: Upcoming healthcare infrastructure projects in UAE such as Saudi German Hospital Dubai, consisting of a 150-bed hospital and medical college complex will increase the demand for medical devices. The department of Economic Development in UAE is also boosting investment proposals in the medical industries sector, including facilitating procedures, giving priority to local medical products and strengthening investment partnerships, which will result in the growth of Local Manufactured Products in UAE.

The report titled “UAE Medical Devices Outlook to 2025– Driven by technological advancement, increase in the aging population and a rise in the prevalence of chronic diseases in the country” provides a comprehensive analysis on UAE Medical Device Market. The report covers various aspects including the current market size and production scenario, its segmentations viz, type of Devices, sales Channel, technology, end users and regional analysis, major trends and development, issues and challenges, government regulations and competition benchmarking. The report concludes with market projections for future of the industry including forecasted industry size by revenue.

Key Segments Covered

By Type of Business Activity

Import

Local Production

By Mode of Selling

Distributor Mediated

Direct Sales

By Type of Device

Medical Consumables

Diagnostic Imaging Products

Respiratory Products

Dental and Orthopedic Products

Cardiac Device

Hospital Furniture

Auxiliary Devices

Ophthalmic Devices

Dialysis Machine

Others

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By Type of Medical Consumable

Indoor surgical Gloves and Masks

Syringes, Needles and Catheters

Intravenous Administration Set

Sutures and catgut

Infusion Pumps

Ostomy

Bandages, Dressings and Others

By Type of Diagnostic Imaging Product

CT Scan

X-ray Based Products

Ultrasound

MRI

Electro diagnostic apparatus (Functional Examination)

ECG

Others

By Type of Cardiac Device

Angioplasty Device

Cardiac Rhythm Management

ICD

Implants

Pacemakers

Heart-Lung Machines

Others

By Type of Respiratory Products

Oxygen Concentrator

Nebulizers

Humidifier

Ventilators

Airway Pressure devices

Others

By Type of Hospital Furniture

Hospital Beds with Mechanical Fittings and Dentists' Chairs

Operating Tables

Examination Tables

Medical, surgical, dental or veterinary furniture

Others

By Type of Auxiliary Product

Hearing Aids

Artificial body parts (excluding artificial teeth and joints)

Others

By Type of Dental and Orthopedic Products

Orthopedic Appliances

Artificial teeth and dental fittings

Dental appliances

Surgical Belts

Trusses

Crutches

Others

By Type of End-Users

Hospitals

Clinics

Labs and Others

By Type of Region

Dubai

Abu Dhabi

Ras Al Khaimah

Sharjah

Others

Companies Covered

B. Braun

Becton Dickinson (BD)

Boston Scientific

Canon

Dräger

Fresenius Medical Care

Fujifilm

GE Healthcare

Getinge

Hitachi

Johnson & Johnson

Medtronic

Nihon Kohden

Philips HealthTech

Siemens Healthineers

Smith & Nephew

Stryker

Zimmer Biomet

Cochlear

Oticon

Starkey

Widex

Hill-Rom Holdings Inc.

Invacare Corporation

Paramount Bed Holdings

Key Target Audience

Medical Device Manufacturers

Medical Device Distributors

Medical Device Importers

Research organizations and consulting companies

Government bodies such as regulating authorities and policy makers

Market research and Consulting firms

Time Period Captured in the Report:-

Historical Period – 2015-2020

Forecast Period –2020-2025F

Key Topics Covered in the Report

Executive Summary

Overview of UAE Healthcare System

UAE Medical Device Market Introduction and Overview

Industry Life Cycle and Value Chain of UAE Medical Device Market

Key Market Drivers in the UAE Medical Device Market

Demand & Supply Side Ecosystem, Preferences & Trends across UAE Medical Device Market

UAE Medical Device Market Size by Revenue

UAE Medical Device Market by Type of Devices and Sub Segments

UAE Medical Device Market by End Users

UAE Medical Device Market by Regions (Abu Dhabi, Ajman, Dubai, Fujairah, Ras Al Khaimah, Sharjah and Umm Al Quwain)

Competitive Factors and Assessment in UAE Medical Device Market

Market Trends and Development

Market Issues and Challenges

Government Rules and Regulations

UAE Medical Device Market Future Outlook

Upcoming Technologies in the Medical Device Market

Analyst Recommendations

For more information on the research report, refer to below link:

UAE Medical Devices Outlook to 2025: Ken Research

Related Reports

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India Medical Device Market Outlook To 2023 - By IVD Market (Type Of Device, Sales Channel, Domestic Manufacturing And Import), By Diagnostic Imaging Market (Type Of Device, Domestic Manufacturing And Import) And By Patient Aid Market (Orthopedic Device, Hospital Furniture And Hearing Aid)

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Vietnam Medical Devices Market By Type, By End User, By Region, Competition Forecast & Opportunities, 2017-2027 | TechSci Research

Surge in demand for technically advanced medical device is driving the growth of Vietnam Medical devices Market, in the forecast period, 2023-2027.

Vietnam Medical Devices Market is anticipated to grow at a significant rate during the forecast period. The market growth can be attributed to the surging demands for medical devices from the healthcare industry and the rising need for the effective and efficient diagnosis, treatment, and monitoring procedures. Besides, high investments in the development of medical technologies and increasing R&D initiatives by key players involved in the Vietnam medical devices market are adding to the market growth.

Most pharmaceutical and biotechnological companies are focusing on developing new medical technologies to accommodate the growing needs of patients, aiding the growth of the Vietnam medical devices market. Favorable policies by regulatory authorities of the country for the approval of medical devices and rising incidences of chronic disorders such as diabetes, hypertension, cardiovascular diseases, etc., are propelling the growth of the Vietnam medical devices market.

The rise in the number of inpatient admissions and surgical and diagnostic procedures also contributes to the growth of the Vietnam medical devices market during the forecast period. The presence of adequate and favorable reimbursement policies, well-developed healthcare infrastructure, and advanced medical technologies are some of the other factors fueling the growth of the Vietnam medical devices market. The high acquisition cost of medical devices and subsequent maintenance costs could restrain the growth of the Vietnam medical devices market in the forecast period.

Browse over XX market data Figures spread through 70 Pages and an in-depth TOC on "Vietnam Medical devices Market"

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The Vietnam medical devices market is segmented by type, end-user, regional distribution, and competitional landscape. The type segment is further divided into cardiovascular devices, diagnostic imaging equipment, in-vitro diagnostic devices, ophthalmic devices, diabetes care devices, dental care devices, surgical equipment, orthopedic devices, patient monitoring devices, nephrology & urology devices, ENT devices, anesthesia & respiratory devices, neurology devices, mobility-aid devices, and others.

Amongst type category, the in-vitro diagnostics (IVD) segment is anticipated to dominate the Vietnam medical devices market owing to the increasing uptake of real-time diagnostic tests and growing requirement for the precise diagnosis of chronic and infectious diseases.

Leading players in the Vietnam medical devices market include Stryker Corporation Vietnam, USM Healthcare Medical Devices Factory JSC, Medical Devices and Biomaterial Plant Joint Stock Company, Getz Healthcare (Vietnam), Omron Healthcare Vietnam, B. Braun Vietnam Co., Ltd., Hoya Lens Vietnam Ltd., Japan Vietnam Medical Instrument JSC, Armephaco Joint Stock Company, Terumo Vietnam Medical Equipment Co., Ltd, GE Healthcare Vietnam, etc.

Years considered for this report:

Historical Years: 2017-2020

Base Year: 2021

Estimated Year: 2022

Forecast Period: 2023–2027

Objective of the Study:

To analyze the historical growth of the market size of Vietnam medical devices market from 2017 to 2020.

To estimate and forecast the market size of Vietnam medical devices market from 2021 to 2027 and growth rate until 2027.    

To classify and  forecast Vietnam medical devices market based on type, end user, competitional landscape, and regional distribution.

To identify dominant region or segment in the Vietnam medical devices market.

To identify drivers and challenges for Vietnam medical devices market.

To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Vietnam medical devices market.

To identify and analyze the profile of leading players operating in Vietnam medical devices market.

To identify key sustainable strategies adopted by market players in     Vietnam medical devices market.

Click here to download the sample. Customers can also request for 10% free customization on this report.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of medical devices, suppliers, and service providers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies.

While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufactures which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufactures, distribution channels and presence of all major players across the country.

TechSci Research calculated the market size of Vietnam medical devices market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Press Release: https://www.techsciresearch.com/news/6347-vietnam-medical-devices-market-to-grow-due-to-technological-advancement-until-2026.html

Key Target Audience:

Medical devices, service provider, infrastructure producers, end users, and other stakeholders

Distributors and suppliers of the products and other stakeholders

Organizations, forums, and alliances related to medical devices

Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as medical devices, suppliers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Vietnam medical devices market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

[pranalipawarshinde]

Fundus Camera Market Incredible Potential Examined in New Research Report 2021-2028

Fundus Camera Market: Introduction

According to the report, the global fundus camera market was valued at US$ 464.4 Mn in 2020 and is projected to expand at a CAGR of 5.6% from 2021 to 2028. Fundus photography is a technique that aids in capturing images of retina and neurosensory tissue that converts the optical images into electrical impulses in the brain. Fundus camera is a specialized ophthalmic imaging device encompassing a low power microscope and an attached high-resolution camera. Fundus imaging, paired optic disk images, external photograph, and fluorescein angiography represents the areas of utility of fundus cameras. The fundus photographs represent the visual records that document the current ophthalmic appearance of the patient’s retina and aids in the diagnosis of several retinal disorders such as diabetic retinopathy, retinal detachment, age related macular degeneration (AMD), and glaucoma.

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North America was the largest market for fundus camera in 2020. This can be attributed to acceptance of advanced technologies resulting in an increased rate of diagnosis of ocular disorders and awareness among the people. However, the market is saturated and is expected to exhibit steady growth over the next few years compared to emerging economies.

Increase in Incidence of Diabetes to Drive Global Market

The rise in incidence of diabetes amplifies the risk of blindness and impaired vision across the world. Diabetes can lead to the development of diabetic retinopathy; symptoms of which are not detected at an early stage and can lead to permanent vision loss.

According to the IDF Diabetes Atlas Tenth edition 2021, around 537 million adults (20-79 years) are living with diabetes. The total number of people living with diabetes is projected to rise to 643 million by 2030 and 783 million by 2045. Hence, the detrimental effects of diabetic retinopathy had made timely diagnosis and treatment essential. This is likely to increase the adoption of fundus cameras, which in turn is projected to drive the fundus cameras market.

Mydriatic Fundus Cameras Segment to Dominate Global Market

In terms of product type, the global fundus camera market has been classified into mydriatic, non-mydriatic, hybrid, and retinopathy of prematurity (ROP). Mydriatic fundus cameras are the most conventional devices among all the types and generally require pupil dilation for diagnosis and monitoring retinal diseases. Non-mydriatic fundus cameras are more advanced in technology and do not require pupil dilation during retinal imaging.

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Hybrid cameras, on the other hand, have revolutionized the fundus cameras market, as these devices perform the functions of both mydriasis and non-mydriasis, thereby eliminating the need of two separate platforms.

Pharmaceutical Companies to be Highly Lucrative Segment

Based on end-user, the global fundus camera market has been classified into hospitals, ophthalmology clinics, and ophthalmic & optometrist offices. The hospitals segment dominated the global fundus camera market in 2020. The ophthalmic & optometrist offices segment is anticipated to expand at the highest CAGR from 2021 to 2028. This can be attributed to increase in specialty clinics and shift in preference toward procurement of technologically sophisticated equipment.

North America to Dominate Global Market

In terms of region, the global fundus camera market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global fundus camera market in 2020, followed by Europe. The dominance of these two regions can be attributed to increase in adoption of technologically advanced products, mergers & acquisitions, and entry of new players. The fundus camera market in Asia Pacific is projected to grow at a rapid pace from 2021 to 2028. This can be ascribed to increase in investments by leading players in the region and favorable healthcare reforms.

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Competition Landscape

The global fundus camera market is consolidated in terms of number of players. Key players in the global market include Topcon Corporation, Canon, Inc., Nidek Co., Ltd., Epipole Ltd, iCARE Finland Oy (Revenio Group), Kowa American Corporation, Carl Zeiss Meditec, Optovue Incorporated, Haag-Streit Holding AG, and Optomed plc, among others.

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Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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The growth in Canada’s pharmaceutical market is attributed to the adoption of R&D activities towards advanced therapies and increased partnerships among pharmaceutical companies and academia, small and medium-sized enterprises (SMEs), government, and research centers. In 2020, the Canadian pharmaceutical market was the ninth largest globally in terms of value. Canada’s pharmaceutical market, based on production value, $23.86 billion in 2013 increased to $25.55 billion in 2020 at a Compound Annual Growth Rate (CAGR) of 0.98%. It is forecast to reach about $27.08 billion in 2026. In 2016, the medical devices market in Canada was worth $8.02 billion, which increased at a CAGR of 6.09% to $10.79 billion in 2021. It is expected to grow at a CAGR of 3.96% from 2022 to reach $12.96 billion in 2027.

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The Global Ophthalmic Lasers Market, which is anticipated to reach a value of US$ 1.3 Billion by 2030.

Technological advancements have deeply penetrated every facet of the healthcare industry, and the ophthalmic lasers market is no exception. Over the years, ophthalmic disorders such as diabetic retinopathy, refractive errors, glaucoma, cataract and age related macular degeneration (AMD) have surged exponentially. This has accelerated demand for advanced surgical procedures.

The introduction of ophthalmic laser surgery has revolutionized ophthalmic care in unprecedented ways. Majority of these technologies are being deployed in cataract surgeries, attributed to the disorder’s widespread prevalence across all continents. Advancements such femtosecond laser surgeries have proven highly instrumental in streamlining ophthalmic procedures, offering lightning speed detection of faulty tissues.

Such reduced detection and treatment timeframes act as major growth catalysts for the global ophthalmic lasers market, which is anticipated to reach a value of US$ 1.3 Bn by 2030.

Ophthalmic Lasers Market- Key Highlights

Ophthalmic lasers market shall expand steadily at a CAGR of 5% from 2020-2030

Cataract surgeries shall account for the majority share of the global ophthalmic lasers market

Femtosecond laser surgery to hold maximum sway throughout the forecast period

North America shall retain market hegemony, owing to increasing regulatory approvals for laser surgeries by authorities

Asia & Europe to contribute nearly identical revenue shares due to rise in surgeries amidst their geriatric population

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COVID-19 Impact Analysis

The novel coronavirus pandemic will have a significantly high impact on the ophthalmic lasers market. As lockdowns and curbs continue to remain enforced, the number of footfalls across ophthalmology clinics and hospitals have declined considerably. Patient care has diminished by nearly 60%, with only emergency surgeries being permitted.

With in-patient visits becoming next to impossible, ophthalmologists are resorting to telemedicine with regards to consultation and advice to patients. A slump is anticipated in refractive and premium lens surgeries across developing economies in the long-run, attributed to cash crunches experienced by individual households due to the prolonged lockdowns.

At the same time, several countries are enforcing strict social distancing protocols and hygiene practices, keeping demand for ophthalmic laser surgeries sustained. For instance, ophthalmologists in Germany have made it a protocol to test patients requiring intravitreal injections and other procedures for COVID-19. If positive, they are redirected to emergency departments, reducing chances of infection.

“Vendors in the ophthalmic lasers landscape are striving to introduce novel product lines, equipped with multi-frequency selection modes to reduce exposure to intense laser bursts, preventing healthy tissue damage,” infers the FMI analyst.

Competition Dashboard

Prominent vendors in the ophthalmic lasers market include are ZEISS International, Nidek Inc., Bausch & Lomb Inc., Abbot Laboratories Inc., SCHWIND Eye-Tech Solutions, Ziemer Ophthalmic Systems AG, Novartis AG (Alcon), LENSAR LLC., iVIS Technologies and NKT Photonics A/S. New product launches and collaborations have helped these players acquire firm footing.

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In 2018, ZEISS International rolled out its VISUFIT 1000 digital 3D centration data determination and consultation platform, offering a three-dimensional facial reconstruction which enables ophthalmologists perform precise centration processes on patients.

In July 2020, SCHWIND Eye-Tech acquired CE approval for its SCHWIND ATOS femtosecond laser, permitting eye surgeons to incorporate the technology in their SmartSight refractive surgery procedures.

More Insights on the Ophthalmic Lasers Market

A recent market study published by FMI on the ophthalmic lasers market includes the global industry analysis of 2015-2019 & opportunity assessment for 2020-2030, and delivers a comprehensive assessment of the most important market dynamics. The report provides a balanced, unbiased analysis of the overall market scenario based on product type (excimer lasers and femtosecond lasers), application (refractive surgery, cataract surgery, capsulotomy, trabeculoplasty and diagnostics), end-user (hospitals, ophthalmology clinics and ambulatory surgical centers) and region (North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa).

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Global Ophthalmic Lasers Market Size, Growth Trends, Revenue, Future Plans and Forecast 2027

Global Ophthalmic Lasers Market Overview: The ophthalmic laser is medical equipment used on ophthalmic conditions and to treat cells existing in the eye. The laser beam released from the device is a source of monochromatic and clear light that emphases on a particular spot in the eye. Ophthalmic lasers are used for many procedures and disorders like posterior capsulotomy, cataract surgery, retinal photocoagulation, laser iridotomy, laser trabeculoplasty etc.  

Global Ophthalmic Lasers  Market

Report 2020-2027 (Forecast Period) includes an analysis of market growth factors, future analysis, country-level, and regional-level analysis, market distribution, and competitive landscape analysis of major key competitors. Within the analysis report, each phase of the world global market is completely studied. The regional study of the global market will help you in gaining an understanding of the developments of the various geographic markets in recent years and moving ahead. The analysis also includes a wide-ranging synopsis of the key factors of the global market, like market influence and market result factors, drivers, threats, constraints, trends, restraints, and prospects. alternative methods of analysis, like qualitative and quantitative, are also used within the analysis study. Maximize Market Research team analysis provides a unique and in-depth report that helps you to perform detailed research on the global  Global Ophthalmic Lasers   market and make decisions on the future growth factors of the market. The market report provides an overview of the development of the  Global Ophthalmic Lasers   market throughout the forecasted period. Request for free sample:

https://www.maximizemarketresearch.com/request-sample/70244

The Global Ophthalmic Lasers market report thoroughly covers insights of key competitors in terms of market, applications, and geographies that will help you in recognizing the competition both domestically as well as globally. The research mentions available micro-market investment options for investors and a full synopsis of the competitive landscape and significant products offered by industries.

The report also includes statistical data that consists of tables and charts which will further help you in business representation. Maximize Market Research also studies the current as well as new trends with the estimates of the market size throughout the forecasted period. Many competitors are also identified in various regions. The report provides PESTEL and Portal analysis too, which helps the clients to calculate every factor of the market.

Global Ophthalmic Lasers Market Segmentation: The objective of the report is to present a comprehensive analysis of the Global Ophthalmic Lasers Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants.    Global Ophthalmic Lasers  Market Key Players:

• Abbott Medical Optics, Inc. • Carl Zeiss Meditec AG • Alcon Laboratories, Inc. (A Novartis AG Company) • Bausch & Lomb Incorporated (A Valeant Pharmaceuticals International, Inc. Company) • Ellex Medical Lasers Limited • Topcon Corporation • Johnson & Johnson Surgical Vision Inc. • Ziemer Ophthalmic Systems AG • Iridex Corporation • Nidek Co., Limited • Lumenis Ltd. (A XIO Group Company) • Quantel SA

If You Have Any Questions About This Report? Please Contact Us On the link mentioned below: https://www.maximizemarketresearch.com/market-report/global-ophthalmic-lasers-market/70244/

Global Ophthalmic Lasers  Market Regional Analysis: Based on the regions the market is studied across Asia-Pacific (Vietnam, Malaysia, Korea, China, Philippines, Thailand, Indonesia, and India, Japan, Australia, ). Africa and the Middle East (Egypt and GCC Countries.). North America (Canada, the United States, and Mexico.). South America (Brazil etc). Europe (France, Italy, Germany, Russia, UK, Turkey, etc.). IMPACT Of COVID-19 On The  Global Ophthalmic Lasers  Market: COVID-19 has impacted the world with its fast-spreading effects all over the world. It has impacted every industry and business except for the medical and health care industry which is working 24/7 to stop the spread of the COVID-19 virus, they are working hard to save the lives of people affected by this virus. As mentioned many industries are suffering in this COVID-19 times, our market is also one of them. Our team here at Maximize Market Research has worked hard to provide solutions to these issues that will help your business. About Us: Maximize Market Research provides B2B and B2C research on more than 12,000 high growth emerging opportunities technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics Communications, Internet of Things, Food and Beverages, Aerospace and Defense, and other manufacturing sectors. Contact Us: MAXIMIZE MARKET RESEARCH PVT. LTD. 3rd Floor, Navale IT Park Phase 2, Pune Bengaluru Highway, Narhe, Pune, Maharashtra 411041, India. Email: sales@maximizemarketresearch.com Phone No.: +91 20 6630 3320 Website: www.maximizemarketresearch.com

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