Global Near Vision Devices Market 2016 - 2024: Industry Size, Share, Growth, Forecasts
Latest
industry research report on: Global Near Vision Devices Market |
Industry Size, Share, Research, Reviews, Analysis, Strategies,
Demand, Growth, Segmentation, Parameters, Forecasts
Near vision devices are
implantable devices used for near vision correction in patients who
didn’t had cataract surgery. The device blocks unfocused light rays
from entering the eye to improve patients near vision. These devices
resemble the contact lenses and are made from hydrogel material. The
device is implanted on a cornea of one eye to improve near vision in
patients with presbyopia. Many of the surgeons use a laser to make a
lappet on a cornea in order to implant near vision device. Presbyopia
occurs in people aged between 40 to 50 years that results in
difficulty with near vision. The growing prevalence of presbyopia has
propelled the use of near vision devices owing to the ease of usage
and effectiveness compared to cataract surgery. According to
Medscape, around 14% of people of 80 million presbyopia patients
develops from emmetropic presbyopia.
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Currently,
there are only two near vision devices are approved by FDA i.e.
Raindrop Near Vision Inlay and KAMRA inlay. AcuFocus manufactured
Kamra Inlay was the first implantable near vision device approved by
FDA in April 2015. Now the devices are commercially available in
around 50 countries across the globe. Similar, ReVision Optics
manufactured Raindrop Near Vision Inlay was approved in June 2016 and
is commercially available in the U.S. Apart from these two; there
are many vision care products manufacturers looking forward to
develop implantable near vision devices. For example, Presbia PLC, an
Ireland-based manufacturer has designed innovative corneal inlay i.e.
flexivue microlens for the correction of presbyopia. The specialty of
this devices is that it can be removed and replaced with a higher or
lower power according to requirement. The devices did not receive FDA
approval; however, it received CE mark for commercialization in
European countries.
The
growth of the global near vision devices market is driven by
increasing geriatric population prone to ophthalmic disease, growing
prevalence of presbyopia and technological advancement in the
healthcare industry. Similarly, sedentary lifestyle and increased
usage of computer, television viewing would contribute towards the
growth of near vision devices globally. Moreover, with the increase
in the disposable income levels and health consciousness among the
general population, the adoption of near vision device is expected
the boost in the near future. Despite several advantages, the devices
have few drawback such as, it cannot be used by patients with severe
dry eye and active eye infection, the use of devices can lead to a
risk of eye infection and inflammation, and can cause a decrease in
distance vision.
The
global near vision devices market can be segmented based on end user
and geography:
By
End User:
Hospitals
Ophthalmic
Clinics
By
Geography:
North
America
Latin
America
Europe
Asia-Pacific
MEA
Geographically,
North America occupies the substantially larger market share, which
is followed by Europe. The high attentiveness level in this region
will lead the increasing adoption of implantable near vision devices.
According to the American Academy of Ophthalmology, one of 5 American
use reading glasses, which depicts the huge need for implantable near
vision devices in North America. Moreover, it has been estimated that
around 2.1 billion people are expected to suffer from an eye disease
known as presbyopic by 2020. However, in the case of emerging
economies, affordability has become a restraining factor for
implantable near vision devices in, Asia Pacific and Latin America.
Similarly, increase in disposable income, rising aging population,
and growing awareness level are some of the key factors driving the
global implantable near vision devices market. The Asian market is
expected to witness entry of the higher number of new players
compared to those in developed regions. Some of the top players in
the global near vision devices market are AcuFocus, Presbia PLC,
ReVision Optics, etc.
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The report offers a
comprehensive evaluation of the market. It does so via in-depth
qualitative insights, historical data, and verifiable projections
about market size. The projections featured in the report have been
derived using proven research methodologies and assumptions. By doing
so, the research report serves as a repository of analysis and
information for every facet of the market, including but not limited
to: Regional markets, technology, types, and applications.
The study is a source of
reliable data on:
Market segments and
sub-segments
Market trends and dynamics
Supply and demand
Market size
Current
trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder
analysis
The regional analysis
covers:
North America (U.S. and
Canada)
Latin America (Mexico,
Brazil, Peru, Chile, and others)
Western Europe (Germany,
U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands,
and Luxembourg)
Eastern Europe (Poland and
Russia)
Asia Pacific (China, India,
Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa
(GCC, Southern Africa, and North Africa)
The report has been compiled
through extensive primary research (through interviews, surveys, and
observations of seasoned analysts) and secondary research (which
entails reputable paid sources, trade journals, and industry body
databases). The report also features a complete qualitative and
quantitative assessment by analyzing data gathered from industry
analysts and market participants across key points in the industry’s
value chain.
A separate analysis of
prevailing trends in the parent market, macro- and micro-economic
indicators, and regulations and mandates is included under the
purview of the study. By doing so, the report projects the
attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop
analysis, which includes an assessment of the parent market
Important changes in market
dynamics
Market segmentation up to
the second or third level
Historical, current, and
projected size of the market from the standpoint of both value and
volume
Reporting and evaluation of
recent industry developments
Market shares and
strategies of key players
Emerging niche segments and
regional markets
An objective assessment of
the trajectory of the market
Recommendations to
companies for strengthening their foothold in the market
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