Global Ophthalmic Diagnostic Devices Market | 2021 Global Healthcare Industry Analysis To 2028, is latest report on Global Ophthalmic Diagnostic Devices Industry, published by Fortune Business Insights. According to this report Global Ophthalmic Diagnostic Devices Market to rise at healthy Compound Annual Growth Rate by 2028. Market for Ophthalmic Diagnostic Devices Industry is segmented By Product Type (Ophthalmic Diagnostic Devices Frames and Spectacle Lenses), By Modality (Prescription and Over-the-counter) By Distribution Channel (Retail Store, Online Store, Ophthalmic Clinics), and Regional Forecast, 2019-2026
Major Ophthalmic Diagnostic Devices Manufacturers covered in the market report include:
- Optovue, Incorporated
- ZEISS International
- AMETEK, Inc.
- NIDEK CO., LTD.
- HAAG-STREIT GROUP
- Other prominent players
- Hologic, Inc. and other key market players.
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Ophthalmic Diagnostic Devices Market Analysis 2021:
The global Ophthalmic Diagnostic Devicess market size is projected to rise remarkably on account of the increasing number of chronic and acute diseases and the advent of technologically advanced procedures to diagnose them. Ophthalmic Diagnostic Devices is an imaging scanner intensifier used for intraoperative imaging in surgical, orthopaedic, or emergency diagnostic procedures owing to its radiographic abilities.
The increasing number of chronic and acute diseases requiring imaging procedures is a crucial factor propelling the Ophthalmic Diagnostic Devicess market growth. This, coupled with a rise in the demand for minimally invasive procedures, is also expected to aid in the expansion of the market. Also, the advent of artificial intelligence in radiology for assisting the discovery of genomic markers will boost the market growth in the coming years.
On the contrary, factors such as high cost of Ophthalmic Diagnostic Devicess instruments may pose a significant hindrance to the market in the coming years. Nevertheless, they have a wide variety of applications such as urology, vascular, neurovascular, spinal surgery, and others. The increasing demand for Ophthalmic Diagnostic Devices imaging system from the applications listed above is likely to create lucrative growth opportunities for the market in the coming years.
The world economy is facing rough waters owing to the current pandemic of COVID-19. Most of the import-export businesses are at a halt owing to this pandemic. However, we hope to pass this phase soon with government support and measures. We, at Fortune Business Insights, are offering analytical reports on various markets affected by COVID-19. These reports will help investors chalk out the strategic plans for revenue generation in the coming years.
Ophthalmic Diagnostic Devices market is likely to rise at a CAGR of 4.6% and reach USD 2,453.3 million by the end of 2027 from a revenue of USD 1,708.1 million generated in the year 2019. The forecast period is set between 2020 to 2027.
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
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