The European market for diagnostic and interventional ophthalmic devices is expected to grow and exceed €1.9 billion by 2023. Competition from new foreign manufacturers expanding into Europe are severely undercutting prices in order to gain market share in the region.
Presentation for Bella Mahl 2024-03-28-24-MW-Overview-Bella.pptx
Alcon, Abbott Medical Optics Lead Competitive Europe Interventional Ophthalmic Devices Market
1. ALCON, ABBOTT MEDICAL
OPTICS LEAD COMPETITIVE
EUROPE INTERVENTIONAL
OPHTHALMIC DEVICES MARKET
IDATA RESEARCH INC.
OCTOBER 2016
EUROPEAN MARKET REPORT SUITE FOR INTERVENTIONAL
OPTHALMIC DEVICES
2. IDATA RESEARCH INC.
€ 1. 9 BILLION
BY 2023
The European market for diagnostic and interventional
ophthalmic devices is expected to grow and exceed €1.9
billion by 2023. Competition from new foreign manufacturers
expanding into Europe are severely undercutting prices in
order to gain market share in the region.
3. IDATA RESEARCH INC.
DEVICE
CONSOLIDATION
A major trend in the ophthalmic market is the consolidation of multiple pieces of equipment
into a single device. This is being driven by a desire to save space and reduce costs of devices for
ophthalmologists. This prevents ophthalmologists from buying single devices from different
companies and move towards purchasing a single system that covers multiple modalities. For
example, optical coherence tomography (OCT) systems are being sold with fundus cameras,
scanning laser ophthalmoscopes, fluorescein angiography devices and more.
4. IDATA RESEARCH INC.
LEADING
COMPETITORS
Alcon is the leading competitor in the European
diagnostic and interventional ophthalmic device
market. Alcon leads the phacoemulsification
console market with their INFINITI® Vision System
and the IOL market with their AcrySof®
hydrophobic IOLs family of lenses. Their strength in
the IOL market has also contributed to occupying
the second highest share of the OVD market.
5. “ CORRECTIVE SURGERIES HAVE BECOME A
DRIVING FORCE FOR THE DEVELOPMENT AND
SALE OF 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. ”
IDATA RESEARCH INC.
- - KAMRAN ZAMANIAN ( IDATA RESEARCH INC. CEO)
“ THE PHACOEMULSIFICATION CONSOLE MARKET IS EXPECTED TO BECOME
THE FASTEST GROWING SEGMENT WITHIN THE OPHTHALMIC DEVICE
MARKET BECAUSE OF DEMAND PLACED BY THE INCREASING PREVALENCE
OF CATARACTS. ”
6. VISIT
IDATARESEARCH. COM
FOR MORE INFORMATION
IDATA RESEARCH INC.
OCTOBER 2016
EUROPEAN MARKET REPORT SUITE FOR INTERVENTIONAL
OPTHALMIC DEVICES