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Market Research Report

India Ophthalmic Devices Market - Growth, Trends, and Forecast (2019 - 2024)

Published by Mordor Intelligence LLP Product code 391099
Published Content info 69 Pages
Delivery time: 2-3 business days
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India Ophthalmic Devices Market - Growth, Trends, and Forecast (2019 - 2024)
Published: June 1, 2019 Content info: 69 Pages
Description

Market Overview

India's market for ophthalmic devices was valued at USD 1.17 billion for 2018. The CAGR for the forecast period is projected to be 7.3%.

As of 2018, India has close to 15,000 registered practicing ophthalmologists. Annually, close to 5 million cataract surgeries are performed in India. The majority of these procedures involve intraocular lens implantation.

Ophthalmic services are available in India through eye hospitals that are run by the government, corporations, and non-profits. The out-of-pocket expenditure in private settings is relatively higher than those in government hospitals, yet there is a growing popularity for private eye centers primarily due to their higher degree of sophistication and international compliance of eye-care standards.

Scope of the Report

India is a developing economy and has huge unmet needs in ophthalmic care. India is also home to approximately 30% of the world's blind population, about half of whom are blind from cataracts. The prevalence of age-related eye disorders, primarily glaucoma, is also steadily increasing. The Indian ophthalmic devices market report covers laser devices, devices for surgery - (cataract, glaucoma, etc.), and diagnostic devices.

Key Market Trends

Under the Surgery Devices segment, Cataract Surgery Devices Led the Market in 2018

Indian ophthalmic surgeons are expected to perform approximately 7 million cataract procedures in 2019, making cataract devices the largest overall market segment in the Indian ophthalmic devices market. Revenues from cataract surgery in India are expected to generate close to 30% of the total ophthalmic devices market revenue in the country.

Competitive Landscape

The international players operating in the Indian ophthalmic devices market include Alcon, Abbott Medical Optics, Carl Zeiss Meditec, Bausch & Lomb, and J&J Vision Care. Apart from these, some of the leading domestic players in the market are GKB Ophthalmic and Techtron Polylenses Ltd.

Reasons to Purchase this report:

  • The market estimate (ME) sheet in Excel format
  • Report customization as per the client's requirements
  • 3 months of analyst support
Table of Contents
Product Code: 51536

Table of Contents

1 INTRODUCTION

  • 1.1 Study Deliverables
  • 1.2 Study Assumptions
  • 1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Growth in Cataract Volume
    • 4.2.2 Availability of New Drugs and Devices
  • 4.3 Market Restraints
    • 4.3.1 Increasing Healthcare Costs
    • 4.3.2 Economic Slowdown
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Threat of New Entrants
    • 4.4.2 Bargaining Power of Buyers/Consumers
    • 4.4.3 Bargaining Power of Suppliers
    • 4.4.4 Threat of Substitute Products
    • 4.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION

  • 5.1 Devices
    • 5.1.1 Ophthalmic Lasers
      • 5.1.1.1 Nd: YAG Laser
      • 5.1.1.2 Excimer Laser
      • 5.1.1.3 Femtosecond Laser
      • 5.1.1.4 Cyclodiode Laser
      • 5.1.1.5 Photocoagulation Lasers
      • 5.1.1.6 Laser for Glaucoma
    • 5.1.2 Surgery Devices
      • 5.1.2.1 Cataract Surgery Devices
      • 5.1.2.1.1 Intraocular Lens
      • 5.1.2.1.2 Phakic
      • 5.1.2.1.3 Aphakic
      • 5.1.2.1.4 Pseudophakic
      • 5.1.2.1.5 Phacoemulsification
      • 5.1.2.2 Glaucoma Surgery Devices
      • 5.1.2.2.1 Glaucoma Drainage Devices
      • 5.1.2.2.2 Glaucoma Implants
      • 5.1.2.2.3 Glaucoma Lasers
      • 5.1.2.2.4 Glaucoma Shunts and Valves
      • 5.1.2.3 Refractive Surgery Devices
      • 5.1.2.3.1 Microkeratome
      • 5.1.2.3.2 Intrastormal Rings
      • 5.1.2.3.3 Diamond Knife
      • 5.1.2.3.4 Solutions and Viscoelastics
      • 5.1.2.3.5 Retinal Implants
    • 5.1.3 Diagnostic Devices
      • 5.1.3.1 Ophthalmoscope
      • 5.1.3.2 Slit Lamps
      • 5.1.3.3 Exophthalmometer
      • 5.1.3.4 Keratometer
      • 5.1.3.5 Tonometer
      • 5.1.3.6 Phoropter
      • 5.1.3.7 Ultrasounds
      • 5.1.3.8 Fundus Camera
      • 5.1.3.9 Retinoscope
      • 5.1.3.10 Lensometer

6 COMPETITIVE LANDSCAPE

  • 6.1 Company Profiles
    • 6.1.1 Abbott Medical Optics
    • 6.1.2 Alcon
    • 6.1.3 Appasamy Asocaites
    • 6.1.4 Bausch & Lomb
    • 6.1.5 Carl Zeiss Meditec
    • 6.1.6 GKB Ophthalmic
    • 6.1.7 J&J Vision Care
    • 6.1.8 Techtran Polylenses Ltd.

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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