India Ophthalmology Devices Market Report 2022: Technological Advancements in Ophthalmology Drive Growth – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “India Ophthalmology Devices Market – Growth, Trends, COVID-19 Impact, and Forecast (2022 – 2027)” report has been added to from ResearchAndMarkets.com offer.

The Indian ophthalmology devices market is expected to register a CAGR of 7.3% during the forecast period.

Ophthalmology based diseases in India are on the rise. According to 2021 statistics from HelpMeSee India Foundation, cataract contributes to 66.2% of overall blindness among people aged 50-90. According to 2019 statistics from HelpAge International’s AgingAsia.org initiative and members in the Asia-Pacific region, more than 139 million people in India are over the age of 60 and make up 10% of the country’s total population.

Also, according to a study by LV Prasad Eye Institute (LVPEI), Hyderabad, published in 2019, by 2030, 275 million people are expected to be affected by dry eye. The projection is based on current incidence rates of 45% of the country’s urban population. There is a large and growing burden of moderate visual impairment in India.

Furthermore, according to 2021 statistics from the Ministry of Statistics and Program Implementation of India (MoSPI), the number of women and men in the elderly population is expected to reach 100.9 million and 92.9 million in 2031. , respectively. Such an anticipated increase in the growth rate reflects the growing number of cataract surgeries performed every year which, in turn, indicates the growing demand for ophthalmic devices in the country.

Main market trends

The Glaucoma Surgery Devices Segment is Expected to Hold the Largest Market Share

Glaucoma surgery devices are used in the treatment of glaucoma disorder. Glaucoma is characterized by progressive and irreversible damage to the optic nerve and is the leading cause of irreversible blindness in India.

According to 2021 statistics from HelpMeSee Foundation, 5.80% of the population in India is affected by glaucoma. Thus, the number of patients in India suffering from glaucoma is increasing with the growing population. These patients undergo surgery to treat glaucoma and contribute to the growing demand for surgical devices for glaucoma, including glaucoma drainage devices. Glaucoma drainage devices are the most commonly used second-line surgical procedures for glaucoma.

In addition, the introduction of micro-invasive glaucoma surgery (MIGS) has allowed better management of patients with mild to moderate glaucoma. The field of MIGS has grown rapidly over the past decade, due to the ability of eye surgeons to adapt surgical approaches. This has increased the usage of MIGS surgery devices in India. MIGS devices offer reduced surgery time, shorter recovery periods, affordability, and low risk of post-surgical complications.

Moreover, currently, Selective Laser Trabeculoplasty (SLT) and Argon Laser Trabeculoplasty (ALT) are the commonly preferred glaucoma procedures in India, indicating a steady demand for glaucoma surgery devices used in these procedures in the country. Thus, the increased demand for glaucoma surgery devices owing to the aforementioned factors is expected to drive the market growth.

Market dynamics

Market factors

  • Cataract volume growth

  • Technological advances in the field of ophthalmology

  • Increase in the geriatric population

Market constraints

  • Shortage of qualified professionals

  • Low knowledge of eye diseases

Main topics covered:

1. INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

5 MARKET SEGMENTATION (Market Size by Value – USD Million)

6 COMPETITIVE LANDSCAPE

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

Companies cited

  • Alcon inc.

  • Bausch & Lomb Inc.

  • Carl Zeiss Meditec SA

  • Essilor International S.A.

  • Hoya Company

  • J&J Eye Care

  • Nidek Co.Ltd

  • Topcon Corporation

For more information about this report visit https://www.researchandmarkets.com/r/jnovkc

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