Blindness is mainly caused due to eye diseases which includes cataract, glaucoma, macular degeneration, diabetic retinopathy. People who suffer from blindness, first undergoes with vision impairment and then progressively develops blindness. Cataract occurs when crystal clear lens of the eye becomes cloudy. Glaucoma occurs when the fluid pressure inside one or both eyes slowly begins to increase. Diabetic retinopathy occurs when the systemic damage caused by diabetes starts affecting the retina and there is no cure yet for treating the disease. According to World Health Organization (WHO), people aged 50 and above are at higher risk of blindness and hence, increasing population of elderly people globally will create demand for ocular surgery market over the forecast period.
Revenue from the market in Asia Pacific is expected to continue to rise significantly into the future
Global ocular surgery market is segmented based of procedure, device type, and regions. Factors driving demand for ocular surgery market includes growing awareness about the blindness globally by several governments and non-profit organizations, increasing in prevalence of ocular diseases such as cataract and glaucoma. Technological advancement in ocular surgery by market players is expected contribute for the growth of global ocular surgery market in near future. Furthermore, increase in prevalence of diabetes which can lead to diabetic retinopathy which is expected to aid the market growth of global ocular surgery market over the forecast period. According to National Diabetes Statistics Report, in 2015, an estimated 30.3 million people of all age groups had diabetes in US.
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However high cost of ocular surgery and lack of optician and eye surgeon will hamper the growth of global ocular surgery market.
Revenue from the market in Asia Pacific is expected to continue to rise significantly into the future owing to factors such as increasing prevalence of cataract and glaucoma diseases in the region. Furthermore, the factors such as personal behavior which includes smoking, alcoholism and environmental factors such as exposure to ultraviolet light is expected to increase the risk of cataract in the region.
Some prominent players in the global ocular surgery market are Johnson & Johnson Vision Care Inc., Alcon Inc., Carl Zeiss Meditech AG, Bausch & Lomb, Ellex Medical Lasers, Topcon Medical Systems, Inc., Lumenis Ltd., Ziemer Ophthalmic Systems AG, Essilor International S.A., and AqueSys, Inc.