The Glaucoma and Cataract Surgery Devices Market is expected to register a CAGR of 3.8% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report presents an analysis based on by Product Type (Glaucoma Surgery Device, Implant and Stent, Glaucoma Drainage, Glaucoma Laser Device, Cataract Surgery Device, Intraocular Lens, Ophthalmic Viscoelastic Device, Phacoemulsification System); Surgery Type (Glaucoma Surgery, Conventional Glaucoma Surgery, Minimally Invasive Glaucoma Surgery, Cataract Surgery, Phacoemulsification, Extracapsular Cataract Extraction (ECCE) Surgery, Femtosecond Laser Surgery, Others). The global analysis is further broken-down at regional level and major countries. The market size and forecast at global, regional, and country levels for all the key market segments are covered under the scope. The report offers the value in USD for the above analysis and segments. The report provides key statistics on the market status of the key market players and offers market trends and opportunities.
Purpose of the ReportThe report Glaucoma and Cataract Surgery Devices Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Glaucoma and Cataract Surgery Devices Market Segmentation
Product Type- Glaucoma Surgery Device
- Implant and Stent
- Glaucoma Drainage
- Glaucoma Laser Device
- Cataract Surgery Device
- Intraocular Lens
- Ophthalmic Viscoelastic Device
- Phacoemulsification System
- Glaucoma Surgery
- Conventional Glaucoma Surgery
- Minimally Invasive Glaucoma Surgery
- Cataract Surgery
- Phacoemulsification
- Extracapsular Cataract Extraction Surgery
- Femtosecond Laser Surgery
- Others
Strategic Insights
Glaucoma and Cataract Surgery Devices Market Growth Drivers- Increasing Prevalence of Eye Disorders: The instances of glaucoma and cataracts attributed to demographic and lifestyle-related factors are rising. This holds tremendous potential to create demand for surgical equipment. Improved application of technologies advanced into glaucoma and cataract surgeries increases healthcare providers' investment because patients are becoming more aware of the best possible interventions that can preserve eyesight. As a consequence, there will be more patients requiring innovative surgical solutions that stimulate market demand and research and development efforts.
- Technological Advancement: One of the most significant changes in the practice of glaucoma and cataract surgery is seen in surgeries on technology, significantly less invasive techniques, and robot-assisted surgeries. Improvement in accuracy in surgery and better outcomes for patients ensures their faster recovery periods. Thus, this innovation promotes its usage positively in medical and healthcare practices. New products and methods have been developed consistently, and this treatment gradually receives popularity among patients while gradually improving the quality of ophthalmic surgical care.
- Improvements in Education and Access: Higher awareness of eye health and the need for early intervention in glaucoma and cataract cases have significantly impacted this market. Education and access campaigns are making people aware of the timely treatment of more people more efficiently, thus improving the volume of surgeries. Healthcare institutions are likely to put more focus on eye care services and broaden outreach efforts, therefore expanding the demand for high-end surgical devices.
- Shift Towards Minimally Invasive Techniques: More minimally invasive procedures are increasingly the trend. Recent trends are being covered in the context of minimally invasive surgeries both in glaucoma and cataract procedures. These reduce the trauma that would be caused and allow faster recovery; hence, they are a boon not only to the patient but also to the surgeon. Most of the developments in the range of micro-incisional surgery and laser-assisted instrumentation are gaining good momentum breakneck and are more accurate with an added range of patient comfort. Again, this accelerates the advancement of the adoption of advanced ophthalmology surgical equipment.
- Digitization in Healthcare Solutions: The light of digital health solutions it offers, among other things, an increased rate of glaucoma and cataract surgeries that, in the last two years, have become almost a rite of passage. It is made essential as a tool kit that shall increase and positively affect the preoperative evaluation and care both before and after the surgery. Such an improvement will allow the workflow to be easy and much less hassle in the process of obtaining information and monitoring, which should result in a more positive outcome and patient satisfaction with the surgery.
- Biomarkers and personalization/customization to the patient: There is a trend for individualized and customized surgical solutions created with regard to the needs of a specific patient. Tremendous development has occurred in diagnostic tools and state-of-the-art software for planning surgery to help design treatment options based on anatomical and visual requirements. Consequence: A better visual result is obtained with surgeries for glaucoma and cataracts, so greater satisfaction in patients is accrued
- Emerging Markets Growth: In emerging economies, a new age would be registered, and opportunities for glaucoma and cataract surgery devices would be found since disposable incomes are on the rise with awareness towards eye health, which will raise the demand. In this respect, continually upscaling the demand for advanced surgical products will be realized as more patients might begin feeling problems with glaucoma and cataracts. Companies will be winning opportunities by customizing answers to the needs of these regions.
- High Tech Surgical Procedure Development: Indeed, it is the landscape of transformed surgical technologies, and it would be the opportunity to bring some innovation to the devices for glaucoma and cataracts. Such money provided by this investment should be taken as an opportunity for companies to develop next-generation devices that could offer superior precision, fewer complications, and better outcomes for the patients. Some of the new technologies on the rise, such as femtosecond laser technology and intelligent surgical instruments, among others, are intended to make this product unique from many others and thereby possibly give good market share to the manufacturer.
- Partnerships and collaborations: An opening up of the market for expansion in the glaucoma and cataract surgery market through strategic partnership and cooperation between device manufacturers, health service delivery providers, and research institutions is one of the entry modes available. The pooling of resources and expertise will hasten the development of new cutting-edge technologies. There would be adequate access to modern surgical solutions to the patients and the healthcare practitioners. Such cooperation will also enable education programs, thereby orienting patients and health care to such treatment provisions.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Glaucoma and Cataract Surgery Devices Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Glaucoma and Cataract Surgery Devices Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Stringent regulatory requirements is the major factors hampering the Glaucoma and Cataract Surgery Devices Market growth
The market is expected to grow at a CAGR of 3.8%
Alcon Inc, Allergan plc, Bausch Lomb Inc, Carl Zeiss Meditec AG, are the major companies operating in the Glaucoma and Cataract Surgery Devices Market
Asia Pacific is estimated to grow at the highest CAGR over the forecast year (2023 - 2031)
The final report will duly include market size and projection estimates for all the segments from 2021 to 2031, along with a revenue share and compound annual growth rate (%) for the regional/country-wise market wherein 2021-2022 are the historic years, 2023 is considered to be the base year, and the forecast will be provided till 2031, along with CAGR (%)
The North America region accounts for highest revenue share Glaucoma and Cataract Surgery Devices Market
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Glaucoma And Cataract Surgery Devices Market - By Product Type
1.3.2 Glaucoma And Cataract Surgery Devices Market - By Surgery Type
1.3.3 Glaucoma And Cataract Surgery Devices Market - By End User
1.3.4 Glaucoma And Cataract Surgery Devices Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. GLAUCOMA AND CATARACT SURGERY DEVICES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. GLAUCOMA AND CATARACT SURGERY DEVICES MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. GLAUCOMA AND CATARACT SURGERY DEVICES MARKET - GLOBAL MARKET ANALYSIS
6.1. GLAUCOMA AND CATARACT SURGERY DEVICES - GLOBAL MARKET OVERVIEW
6.2. GLAUCOMA AND CATARACT SURGERY DEVICES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. GLAUCOMA AND CATARACT SURGERY DEVICES MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. GLAUCOMA SURGERY DEVICE
7.3.1. Overview
7.3.2. Glaucoma Surgery Device Market Forecast and Analysis
7.4. IMPLANT AND STENT
7.4.1. Overview
7.4.2. Implant and Stent Market Forecast and Analysis
7.5. GLAUCOMA DRAINAGE
7.5.1. Overview
7.5.2. Glaucoma Drainage Market Forecast and Analysis
7.6. GLAUCOMA LASER DEVICE
7.6.1. Overview
7.6.2. Glaucoma Laser Device Market Forecast and Analysis
7.7. CATARACT SURGERY DEVICE
7.7.1. Overview
7.7.2. Cataract Surgery Device Market Forecast and Analysis
7.8. INTRAOCULAR LENS
7.8.1. Overview
7.8.2. Intraocular Lens Market Forecast and Analysis
7.9. OPHTHALMIC VISCOELASTIC DEVICE
7.9.1. Overview
7.9.2. Ophthalmic Viscoelastic Device Market Forecast and Analysis
7.10. PHACOEMULSIFICATION SYSTEM
7.10.1. Overview
7.10.2. Phacoemulsification System Market Forecast and Analysis
8. GLAUCOMA AND CATARACT SURGERY DEVICES MARKET - REVENUE AND FORECASTS TO 2028 - SURGERY TYPE
8.1. OVERVIEW
8.2. SURGERY TYPE MARKET FORECASTS AND ANALYSIS
8.3. GLAUCOMA SURGERY
8.3.1. Overview
8.3.2. Glaucoma Surgery Market Forecast and Analysis
8.4. CONVENTIONAL GLAUCOMA SURGERY
8.4.1. Overview
8.4.2. Conventional Glaucoma Surgery Market Forecast and Analysis
8.5. MINIMALLY INVASIVE GLAUCOMA SURGERY
8.5.1. Overview
8.5.2. Minimally Invasive Glaucoma Surgery Market Forecast and Analysis
8.6. CATARACT SURGERY
8.6.1. Overview
8.6.2. Cataract Surgery Market Forecast and Analysis
8.7. PHACOEMULSIFICATION
8.7.1. Overview
8.7.2. Phacoemulsification Market Forecast and Analysis
8.8. EXTRACAPSULAR CATARACT EXTRACTION (ECCE) SURGERY
8.8.1. Overview
8.8.2. Extracapsular Cataract Extraction (ECCE) Surgery Market Forecast and Analysis
8.9. FEMTOSECOND LASER SURGERY
8.9.1. Overview
8.9.2. Femtosecond Laser Surgery Market Forecast and Analysis
8.10. OTHERS
8.10.1. Overview
8.10.2. Others Market Forecast and Analysis
9. GLAUCOMA AND CATARACT SURGERY DEVICES MARKET - REVENUE AND FORECASTS TO 2028 - END USER
9.1. OVERVIEW
9.2. END USER MARKET FORECASTS AND ANALYSIS
9.3. HOSPITAL
9.3.1. Overview
9.3.2. Hospital Market Forecast and Analysis
9.4. OPHTHALMOLOGY CLINIC
9.4.1. Overview
9.4.2. Ophthalmology Clinic Market Forecast and Analysis
9.5. OUTPATIENT SURGERY CENTER
9.5.1. Overview
9.5.2. Outpatient Surgery Center Market Forecast and Analysis
10. GLAUCOMA AND CATARACT SURGERY DEVICES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Glaucoma And Cataract Surgery Devices Market Overview
10.1.2 North America Glaucoma And Cataract Surgery Devices Market Forecasts and Analysis
10.1.3 North America Glaucoma And Cataract Surgery Devices Market Forecasts and Analysis - By Product Type
10.1.4 North America Glaucoma And Cataract Surgery Devices Market Forecasts and Analysis - By Surgery Type
10.1.5 North America Glaucoma And Cataract Surgery Devices Market Forecasts and Analysis - By End User
10.1.6 North America Glaucoma And Cataract Surgery Devices Market Forecasts and Analysis - By Countries
10.1.6.1 United States Glaucoma And Cataract Surgery Devices Market
10.1.6.1.1 United States Glaucoma And Cataract Surgery Devices Market by Product Type
10.1.6.1.2 United States Glaucoma And Cataract Surgery Devices Market by Surgery Type
10.1.6.1.3 United States Glaucoma And Cataract Surgery Devices Market by End User
10.1.6.2 Canada Glaucoma And Cataract Surgery Devices Market
10.1.6.2.1 Canada Glaucoma And Cataract Surgery Devices Market by Product Type
10.1.6.2.2 Canada Glaucoma And Cataract Surgery Devices Market by Surgery Type
10.1.6.2.3 Canada Glaucoma And Cataract Surgery Devices Market by End User
10.1.6.3 Mexico Glaucoma And Cataract Surgery Devices Market
10.1.6.3.1 Mexico Glaucoma And Cataract Surgery Devices Market by Product Type
10.1.6.3.2 Mexico Glaucoma And Cataract Surgery Devices Market by Surgery Type
10.1.6.3.3 Mexico Glaucoma And Cataract Surgery Devices Market by End User
10.2. EUROPE
10.2.1 Europe Glaucoma And Cataract Surgery Devices Market Overview
10.2.2 Europe Glaucoma And Cataract Surgery Devices Market Forecasts and Analysis
10.2.3 Europe Glaucoma And Cataract Surgery Devices Market Forecasts and Analysis - By Product Type
10.2.4 Europe Glaucoma And Cataract Surgery Devices Market Forecasts and Analysis - By Surgery Type
10.2.5 Europe Glaucoma And Cataract Surgery Devices Market Forecasts and Analysis - By End User
10.2.6 Europe Glaucoma And Cataract Surgery Devices Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Glaucoma And Cataract Surgery Devices Market
10.2.6.1.1 Germany Glaucoma And Cataract Surgery Devices Market by Product Type
10.2.6.1.2 Germany Glaucoma And Cataract Surgery Devices Market by Surgery Type
10.2.6.1.3 Germany Glaucoma And Cataract Surgery Devices Market by End User
10.2.6.2 France Glaucoma And Cataract Surgery Devices Market
10.2.6.2.1 France Glaucoma And Cataract Surgery Devices Market by Product Type
10.2.6.2.2 France Glaucoma And Cataract Surgery Devices Market by Surgery Type
10.2.6.2.3 France Glaucoma And Cataract Surgery Devices Market by End User
10.2.6.3 Italy Glaucoma And Cataract Surgery Devices Market
10.2.6.3.1 Italy Glaucoma And Cataract Surgery Devices Market by Product Type
10.2.6.3.2 Italy Glaucoma And Cataract Surgery Devices Market by Surgery Type
10.2.6.3.3 Italy Glaucoma And Cataract Surgery Devices Market by End User
10.2.6.4 Spain Glaucoma And Cataract Surgery Devices Market
10.2.6.4.1 Spain Glaucoma And Cataract Surgery Devices Market by Product Type
10.2.6.4.2 Spain Glaucoma And Cataract Surgery Devices Market by Surgery Type
10.2.6.4.3 Spain Glaucoma And Cataract Surgery Devices Market by End User
10.2.6.5 United Kingdom Glaucoma And Cataract Surgery Devices Market
10.2.6.5.1 United Kingdom Glaucoma And Cataract Surgery Devices Market by Product Type
10.2.6.5.2 United Kingdom Glaucoma And Cataract Surgery Devices Market by Surgery Type
10.2.6.5.3 United Kingdom Glaucoma And Cataract Surgery Devices Market by End User
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Glaucoma And Cataract Surgery Devices Market Overview
10.3.2 Asia-Pacific Glaucoma And Cataract Surgery Devices Market Forecasts and Analysis
10.3.3 Asia-Pacific Glaucoma And Cataract Surgery Devices Market Forecasts and Analysis - By Product Type
10.3.4 Asia-Pacific Glaucoma And Cataract Surgery Devices Market Forecasts and Analysis - By Surgery Type
10.3.5 Asia-Pacific Glaucoma And Cataract Surgery Devices Market Forecasts and Analysis - By End User
10.3.6 Asia-Pacific Glaucoma And Cataract Surgery Devices Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Glaucoma And Cataract Surgery Devices Market
10.3.6.1.1 Australia Glaucoma And Cataract Surgery Devices Market by Product Type
10.3.6.1.2 Australia Glaucoma And Cataract Surgery Devices Market by Surgery Type
10.3.6.1.3 Australia Glaucoma And Cataract Surgery Devices Market by End User
10.3.6.2 China Glaucoma And Cataract Surgery Devices Market
10.3.6.2.1 China Glaucoma And Cataract Surgery Devices Market by Product Type
10.3.6.2.2 China Glaucoma And Cataract Surgery Devices Market by Surgery Type
10.3.6.2.3 China Glaucoma And Cataract Surgery Devices Market by End User
10.3.6.3 India Glaucoma And Cataract Surgery Devices Market
10.3.6.3.1 India Glaucoma And Cataract Surgery Devices Market by Product Type
10.3.6.3.2 India Glaucoma And Cataract Surgery Devices Market by Surgery Type
10.3.6.3.3 India Glaucoma And Cataract Surgery Devices Market by End User
10.3.6.4 Japan Glaucoma And Cataract Surgery Devices Market
10.3.6.4.1 Japan Glaucoma And Cataract Surgery Devices Market by Product Type
10.3.6.4.2 Japan Glaucoma And Cataract Surgery Devices Market by Surgery Type
10.3.6.4.3 Japan Glaucoma And Cataract Surgery Devices Market by End User
10.3.6.5 South Korea Glaucoma And Cataract Surgery Devices Market
10.3.6.5.1 South Korea Glaucoma And Cataract Surgery Devices Market by Product Type
10.3.6.5.2 South Korea Glaucoma And Cataract Surgery Devices Market by Surgery Type
10.3.6.5.3 South Korea Glaucoma And Cataract Surgery Devices Market by End User
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Glaucoma And Cataract Surgery Devices Market Overview
10.4.2 Middle East and Africa Glaucoma And Cataract Surgery Devices Market Forecasts and Analysis
10.4.3 Middle East and Africa Glaucoma And Cataract Surgery Devices Market Forecasts and Analysis - By Product Type
10.4.4 Middle East and Africa Glaucoma And Cataract Surgery Devices Market Forecasts and Analysis - By Surgery Type
10.4.5 Middle East and Africa Glaucoma And Cataract Surgery Devices Market Forecasts and Analysis - By End User
10.4.6 Middle East and Africa Glaucoma And Cataract Surgery Devices Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Glaucoma And Cataract Surgery Devices Market
10.4.6.1.1 South Africa Glaucoma And Cataract Surgery Devices Market by Product Type
10.4.6.1.2 South Africa Glaucoma And Cataract Surgery Devices Market by Surgery Type
10.4.6.1.3 South Africa Glaucoma And Cataract Surgery Devices Market by End User
10.4.6.2 Saudi Arabia Glaucoma And Cataract Surgery Devices Market
10.4.6.2.1 Saudi Arabia Glaucoma And Cataract Surgery Devices Market by Product Type
10.4.6.2.2 Saudi Arabia Glaucoma And Cataract Surgery Devices Market by Surgery Type
10.4.6.2.3 Saudi Arabia Glaucoma And Cataract Surgery Devices Market by End User
10.4.6.3 U.A.E Glaucoma And Cataract Surgery Devices Market
10.4.6.3.1 U.A.E Glaucoma And Cataract Surgery Devices Market by Product Type
10.4.6.3.2 U.A.E Glaucoma And Cataract Surgery Devices Market by Surgery Type
10.4.6.3.3 U.A.E Glaucoma And Cataract Surgery Devices Market by End User
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Glaucoma And Cataract Surgery Devices Market Overview
10.5.2 South and Central America Glaucoma And Cataract Surgery Devices Market Forecasts and Analysis
10.5.3 South and Central America Glaucoma And Cataract Surgery Devices Market Forecasts and Analysis - By Product Type
10.5.4 South and Central America Glaucoma And Cataract Surgery Devices Market Forecasts and Analysis - By Surgery Type
10.5.5 South and Central America Glaucoma And Cataract Surgery Devices Market Forecasts and Analysis - By End User
10.5.6 South and Central America Glaucoma And Cataract Surgery Devices Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Glaucoma And Cataract Surgery Devices Market
10.5.6.1.1 Brazil Glaucoma And Cataract Surgery Devices Market by Product Type
10.5.6.1.2 Brazil Glaucoma And Cataract Surgery Devices Market by Surgery Type
10.5.6.1.3 Brazil Glaucoma And Cataract Surgery Devices Market by End User
10.5.6.2 Argentina Glaucoma And Cataract Surgery Devices Market
10.5.6.2.1 Argentina Glaucoma And Cataract Surgery Devices Market by Product Type
10.5.6.2.2 Argentina Glaucoma And Cataract Surgery Devices Market by Surgery Type
10.5.6.2.3 Argentina Glaucoma And Cataract Surgery Devices Market by End User
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. GLAUCOMA AND CATARACT SURGERY DEVICES MARKET, KEY COMPANY PROFILES
12.1. ALCON INC
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. ALLERGAN PLC
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. BAUSCH AND LOMB INC
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. CARL ZEISS MEDITEC AG
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. ESSILOR INTERNATIONAL S.A.
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. HAAG-STREIT HOLDING AG
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. JOHNSON AND JOHNSON
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. LUMENIS LTD.
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. NEW WORLD MEDICAL, INC.
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. TOPCON CORPORATION
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. Alcon Inc
2. Allergan plc
3. Bausch & Lomb Inc
4. Carl Zeiss Meditec AG
5. Essilor International S.A.
6. HAAG-Streit Holding AG
7. Johnson & Johnson
8. Lumenis Ltd.
9. New World Medical, Inc.
10. Topcon Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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