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US Market Overview for Diagnostic Ophthalmic Devices 2017 - MedView

LONDON, May 4, 2017 /PRNewswire/ -- Description
General Report Contents
- Market Analyses include: Unit Sales, ASPs, Market Value & Growth Trends
- Market Drivers & Limiters for each chapter segment
- Competitive Analysis for each chapter segment
- Section on recent mergers & acquisitions

A major driver for this market is corrective eye surgery. Corrective surgeries are responsible for a large portion of market growth. These surgeries directly drive the intraocular lense (IOL), ophthalmic viscoelastic device (OVD), and ophthalmic laser markets. Because this is such a large market, corrective surgeries are also a driving force for the development and sale of other diagnostic and surgical equipment such as phacoemulsification consoles, corneal topographers, and optical biometers all of which are used in either diagnosis of refractive conditions or surgery preparation.

A major trend in the ophthalmic market is the consolidation of multiple pieces of equipment into singular devices. This is being driven by a desire to increase space and cost effectiveness of devices for ophthalmologists. While for the manufacturer this ensures that instead of a buyer buying one device from them and another from a different company they are paying for one more expensive device that covers all. This is clearly being seen in the optical coherence tomography (OCT) market where we are seeing devices sold with other modalities attached to them such as fundus camera, scanning laser ophthalmoscopes, fluorescein angiography devices and more.

The full report suite on the U.S. market for diagnostic ophthalmic devices includes disease rates, ophthalmic coherence tomography, fundus cameras, data management systems, slit lamps, perimeters, tonometers, autorefractors/keratometers, binocular indirect ophthalmoscopes, ophthalmic ultrasound devices, wavefront abberometers, corneal topographers, and optical biometers. Currently the U.S. market for diagnostic ophthalmic devices is being limited by competition from manufacturers that are either new or trying to expand into the U.S. market.

Many ophthalmic device manufacturers have recently entered the market. Some of these companies are based in Italy, Japan and China, and severely undercut the prices in order to gain market share. The lower pricing and reduction in market share results in an overall adjustment in the ASPs. This is evident in the ophthalmic ultrasound and fundus camera markets, where Chinese and Italian manufacturers are entering the market with lower cost options.

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