Industry Insights
The report encompasses the forecast as well as analysis of the ophthalmic ultrasound device market on a global and regional level. The study displays historical data of 2016 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Million). Additionally, the market growth drivers, opportunities, limitations, and trends are also included in the ophthalmic ultrasound device market report.
We have included industry analysis models in our report and extensively demonstrated the key business strategies and competitive landscape of the ophthalmic ultrasound device market in our study.
Our study also includes an analysis of Porter’s Five Forces framework for understanding the competitive strategies used by market competitors. It also encompasses PESTLE analysis and SWOT analysis of players.
The report also offers an in-depth analysis of the market share of each industry player and gives an outline of the market position of key players in the ophthalmic ultrasound device market. Moreover, the study offers wide coverage of key strategic improvements witnessed in the market such as acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, R&D activities, and geographical expansion of key players of the ophthalmic ultrasound device market.
The study provides a decisive view of the ophthalmic ultrasound device market by segmenting the market based on type, modality, application, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2020 to 2026. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The demand for advanced eye care is growing at a rapid pace. According to WHO, the number of people suffering from diabetes has substantially increased to 422 million in 2014 from 108 million in 1980. Diabetic retinopathy is seen in every one out of three patients, and thus this constant rise in diabetes patients is fueling the market growth. Consistent rise in supportive government initiatives to improve access to cataract treatment in rural areas of developing countries is anticipated to witness healthy growth during the forecast period. However, stringent government norms specified for the healthcare sector coupled with high prices of the services are the factors hindering the market growth.
A-Scan, pachymetry, combined scan, B-Scan, and others are the type based segmentation of the ophthalmic ultrasound device market. A-Scan and B-Scan hold the maximum revenue and volume share during the analysis period. The modality segment is bifurcated into standalone and portable, of which standalone segment holds for maximum share in terms of revenue and sales. The application segment is further categorized into eye research institutes, hospitals, ambulatory surgical centers, and others. Hospitals segment dominated the market owing to the presence of large patient pool and growing adoption of technologically advanced new products to provide the best in class services to patients. Europe, North America, Asia Pacific, Latin America, and Middle-East and Africa are the regional segmentation of the global ophthalmic ultrasound device market. The U.S., Canada, Mexico, UK, Germany, France, Italy, Spain, China, Japan, India, South Korea, Brazil, and Argentina are the major countries included in the research report.
Key players operating in the ophthalmic ultrasound device industry are NIDEK CO., LTD., Ellex Medical Lasers Limited, MEDA Co., Ltd., Halma Plc., Sonomed Escalon, Quantel Medical, and Tianjin Suowei Electronic Technology Co., Ltd.
This report segments the ophthalmic ultrasound device market as follows:
Global Ophthalmic Ultrasound Device Market: By Type Segment Analysis
- A-Scan
- B-Scan
- Combined Scan
- Pachymetry
- Others
Global Ophthalmic Ultrasound Device Market: By Modality Segment Analysis
- Standalone
- Portable
Global Ophthalmic Ultrasound Device Market: By Application Segment Analysis
- Hospitals
- Eye Research Institutes
- Ambulatory Surgical Centres
- Others
Global Ophthalmic Ultrasound Device Market: Regional Segment Analysis
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- South-East Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- The Middle-East and Africa
- GCC Countries
- South Africa
- Rest of Middle-East Africa
Key Pointers Addressed by the Report
- Historical data and forecast analysis of the market
- Drivers and Restraints affecting market dynamics
- Exhaustive analysis about the future market trends
- Comprehensive information about the leading market segments and regions
- Potential opportunities for the players in the market
- Business strategies by the major players operating in the global market
- Strategic developments made by the competitive players and in-depth analysis about its impact on market growth
Table of Content
Key Insights from Primary Research
- As per our primary respondents, the global ophthalmic ultrasound device is set to grow annually at a rate of around 5%
- It was established through primary research that the ophthalmic ultrasound device market was valued at around USD 2,760 Million in 2019
- Primary respondents provided the inputs that, the Asia Pacific is presently holding the largest revenue share among all the regions and is further expected to maintain its position throughout the forecast period
- North America also holds a significant share of the global ophthalmic ultrasound device market
- The “A-Scan” category, on the basis of type segmentation, is the leading revenue-generating category accounting for around 40% share, in 2019
- Based on modality type, the standalone segment is projected to hold the largest share for the year 2019
- On the basis of application segmentation, the “hospital” segment holds the leading share at more than 70%, in 2019
Key Recommendations from Analysts
- As per our analysts, the global ophthalmic ultrasound device market is expected to witness a healthy growth rate over the forecast period i.e. CAGR of around 5%.
- Our team of analysts has identified, hospital segment as the fastest-growing application segment offering potential opportunities for the players operating in this market place
- North America is the largest revenue-generating region for this market presently contributing to more than 32% of the revenue share
- Nidel Co. Ltd. and Halma Plc are the global leaders in the global ophthalmic ultrasound device market
- Continuous development of the existing products and new products launch are the key strategies adopted by the players in the market to strengthen their market position
Market Share Analysis By Commercial Product Types
Industry Major Market Players
- NIDEK CO. Ltd.
- Ellex Medical Lasers Limited
- MEDA Co. Ltd.
- Halma Plc.
- Sonomed Escalon
- Quantel Medical
- Tianjin Suowei Electronic Technology Co. Ltd.
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