(EMAILWIRE.COM, April 18, 2018 ) As per world health organization (WHO) survey published in 2012, the worldwide visual Impairment population has reached 285 million, of which 39 million are blind, and 246 million have low vision. Approximately 93% of the visually impaired populace are living in developing countries. Further observations in step with age distribution, the bulk of the visually impaired populace were above the age of 50 years, with a mean of about 7 in 100 people over the age of fifty stricken by visual impairment.

Visual function gradually declines with age, and if vision is misplaced or damaged, it can't be restored to its original characteristic. The large developments of slow population ageing will be in reality a nice pressure for demand for ophthalmic devices. Further exploration of the causes showed that inappropriate correction of reflective errors are the main cause of visual impairments, followed by means of cataract, and then glaucoma. To analyze the motive of blindness, cataract, glaucoma and age-associated macular degeneration are the main motive of blindness.

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Key trends and restrains

In addition to slow market development, they are still affected by the uneven distribution of medical resources; coupled with lack of eye health education knowledge of the local population. Also, because of the lack of clinical professional manpower and gadget, it's far impossible for sufferers to obtain complete full treatment

In the future, if companies want to expand the ophthalmic industry, single vendors are bound to get into the development of different ophthalmic gadgets to rise their products portfolio. Except, besides partnership with the emerging market players, combining domestic products to expand collective sales in a complementary way, carefully selecting local professional agents that also possess repair and maintenance abilities, effectively establishing local brand awareness and the duplicating the model to spread into other neighboring emerging countries are very important.

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Demographically

The market is segmented geographically into UK, France, Germany, Spain, Russia and others. The overall market is to witness a growth of CAGR of 5.6% and a forecasted market value of USD 10.24 billion by 2021

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The leading companies in the ophthalmology device industry are Johnson & Johnson, Bausch and Lomb Inc., Abbott Medical Optics Inc., Alcon Inc., Essilor International, HAAG-Streit Group, Hoya Corporation, Nidek CO Ltd., Topcon Corporation, Carl Zeiss Meditec, and Ziemer Ophthalmic System.

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· The factors responsible for the shaping of the industry as it is as a result of competitive environment is analyzed through Porter’s Five Forces

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· Strategic evaluation of the key players to gain insights of their performance allowing access to their product portfolio, financial performance and the strengths of their business strategic developments

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