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Asia-Pacific ophthalmology market is expected to gain market growth in the forecast period of 2023 to 2030. Data Bridge Market Research analyses that the market is growing with a CAGR of 7.4% in the forecast period of 2023 to 2030 and is expected to reach USD 18,071.10 million by 2030, from USD 10,224.97 million in 2022.
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Ophthalmology is a branch of medicine that deals with the anatomy, physiology, treatment and surgery of the visual pathways of the eye, including surrounding areas and the visual aspects of the brain. Ophthalmic devices are medical equipment designed for surgery, diagnosis, and vision correction. The devices gained increased importance and adoption due to the high prevalence of several ophthalmic diseases, such as glaucoma, cataract, and other vision-related issues. Ophthalmic drugs are medications that are specially designed and administered for the treatment of various eye-related disorders, including color blindness, diabetic macular edema, cytomegalovirus (CMV), and age-related macular degeneration (AMD).
Ophthalmology Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail below:
Drivers
· Rising prevalence of ophthalmic disorders & ocular pains
Ophthalmic disorders are the vital cause of major ocular and orbital pains in the eye. Ocular pain occurs over the surface of the eyes along with symptoms such as scratching, burning, or itching sensation. This may be due to multiple reasons, including irritation from foreign objects, infection or trauma. Eyelashes or pieces of dirt, smoke, dust or some harsh eye cosmetics are the common causes leading to ocular pain, redness, and watery eyes.
The prevalence of ocular pain keeps showing a surge in growth as chemical industries and pollution around the world are growing. Chemical burns and flash burns cause significant and severe ocular pain due to irritations over the eye surface. Style and blepharitis lead to severe ocular pain as they cause eye and oil glands to be more sensitive around the area. The affirmative factor states that this is the major driver for the Asia-Pacific ophthalmology market.
· Rise in traumatic injuries
Traumatic head injury is one of the causes of such disorders as optic nerve disorders. A traumatic injury is a physical injury that occurs suddenly with a certain degree of severity. Trauma can be caused by a variety of external injuries. The most common causes of traumatic injury include road accidents, sports injuries, and violence, among others which can lead to some serious eye disorders as well. The prevalence of such traumatic injuries is highly seen worldwide.
Hence, such traumatic injuries lead to optic nerve disorders, which are affecting the population in these years and it is increasing with the rising population. Therefore, a rise in traumatic injuries is expected to drive market growth.
Some of the major players operating in this market are Alcon, Regeneron Pharmaceuticals Inc., Johnson & Johnson, Inc., Reichert, Inc., Novartis AG, Bausch & Lomb Incorporated, HOYA Corporation., The Cooper Companies Inc., Santen Pharmaceutical Co., Ltd., F. Hoffmann-La Roche Ltd, Carl Zeiss Meditec AG, AbbVie Inc., EssilorLuxottica, NIDEK CO., LTD., TOPCON CORPORATION, Glaukos Corporation., STAAR SURGICAL, Metall Zug AG, Sun Pharmaceutical Industries Ltd., Lumenis Be Ltd., Pfizer Inc., and Ziemer Ophthalmic Systems AG, among others.
Asia-Pacific Ophthalmology Market Scope
The Asia-Pacific ophthalmology market is segmented into products, disease, prescription mode, drug type, route of administration, end user, and distribution channel. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.
Products
· Device
· Drugs
· Others
On the basis of products, the ophthalmology market is segmented into devices, drugs, and others.
Diseases
· Glaucoma
· Cataract
· Age-Related Macular Degeneration
· Inflammatory Diseases
· Refractive Disorders
· Others
On the basis of diseases, the ophthalmology market is segmented into glaucoma, cataracts, age-related macular degeneration, inflammatory diseases, refractive disorders, and others.
Prescription Mode
· Generic
· Branded
On the basis of prescription mode, the ophthalmology market is segmented into generic and branded.
Drug Type
· Prescription
· Over the Counter (OTC)
On the basis of drug type, the ophthalmology market is segmented into prescription and over-the-counter (OTC).
Route of Administration
· Oral
· Topical
· Injectables
· Local Ocular
· Others
On the basis of route of administration, the ophthalmology market is segmented into oral, topical, injectables, local ocular and others.
Asia-Pacific Ophthalmology Market Report is available (Including the full TOC, Tables and Figures, Graphs as well as Chart) @ https://www.databridgemarketresearch.com/reports/asia-pacific-ophthalmology-market
Some Of The Important Questions Covered In This Study Are As Follows:
· What Are The Prominent Growth Factors That Will Harness Growth For The Asia-Pacific Ophthalmology Market During The Forecast Period?
· Which End-Use Industry Will Garner Considerable Growth for the Asia-Pacific Ophthalmology Market?
· Which Region Will Emerge As A Champion Growth-Contributor During The Assessment Period?
· What Are the Obstacles Surrounding the Market?
· Study the growth outlook of the global Asia-Pacific Ophthalmology Market scenario, including production, consumption, history and forecast.
· Learn consumption pattern and impact of each end use on the Asia-Pacific Ophthalmology Market growth.
· Investigate the recent R&D projects performed by each Asia-Pacific Ophthalmology Market player.
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