In the recent past, the continuous developments in the field of medical devices and significant increase in the spending on the healthcare have exerts the market growth in the Middle East and Africa for the ophthalmology devices. Moreover, with the significant rise in the consciousness and focus of people on the healthcare, the Middle East and Africa ophthalmology devices market is anticipated to witness a speedy growth during the forecasted period. As these devices support effectively in decreasing the treatment time and offer better eye care to the patients, they assist in making the eye-treatment procedure more convenient for the patients and ophthalmologists. Furthermore, the players of this market are developing the specifications of these devices for developing the applications and leading the fastest market growth while attaining the high value of market share across the in the Middle East and Africa market throughout the forecasted period more positively.
According to the report analysis, ‘Middle East and Africa Ophthalmology Devices Market Industry Trends and Forecast to 2026’ states that there are several key players which are presently functioning in this sector more actively for attaining the highest market share and leading the fastest market growth while removing the restraints such as high cost of equipment and surgery and poor reimbursement process for the ophthalmic surgery includes Essilor, Marco, Heidelberg Engineering GmbH., HAAG-STREIT GROUP, Johnson & Johnson Surgical Vision, Inc., HOYA Corporation, CIBA VISION, NIDEK CO., LTD., TOPCON CORPORATION, ZEISS International, Canon Inc., CooperVision, Bausch & Lomb Incorporated, STAAR SURGICAL, AcuFocus, Inc., Ziemer Ophthalmic Systems and several others. Moreover, many of the players of this market are developing the strategies and policies of performing the task more significantly which further increase the efficiency of the outcome and lead the market growth more positively in the coming years.
Middle East and Africa ophthalmology devices market is estimated to register a healthy CAGR of 2.2% in the forecast period of 2019 to 2026. Moreover, the market of ophthalmology in the Middle East and Africa is divided into different sectors which extensively involve product type, application, end user and geography. Whereas, on the basis of end user, the market is split into Diagnosis Clinics, Eye Research Institutes, Franchise Optical Stores, Hospitals, Government Agencies and Academics while, the hospitals are growing at the highest CAGR rather than diagnosis clinics and several others owing to both ophthalmic primary care and management of long term care for ophthalmic chronic conditions takes place in the hospital eye service in OPD. Not only has this, based on the application, the market is divided into Vision Care, Cataract Surgery, Ophthalmic Wound care, Oculoplastics and several others for instance, the vision care devices are highly utilized because they are used more often than ophthalmic wound care and other segments.
Although, the low adoption of the phacoemulsification and premium IOLS in the developing region, growing prevalence of the eye diseases, growing developments in the technology and several others are the some growth drivers. Therefore, in the near future, it is anticipated that the market of ophthalmology in the Middle East and Africa will increase more positively over the recent few years.
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Ankur Gupta, Head Marketing & Communications