The Global Astigmatism Market is showing the significant growth; mainly due to increase in the ageing population, eye injury, eye disease, and surgery. Companies are showing much interest toward the astigmatism market, as they feel there are huge opportunities and gaps between the market demand and supply of effective treatments. Thus, companies are showing more interest in research and development activities for introducing best treatment that meets the requirement of market.
The development has been made by Novartis AG in 2017, Alcon is the division of Novartis and consider as a global leader in eye care, introduce AcrySof IQ PanOptix Toric presbyopia- and astigmatism-correcting intraocular lens (IOL) for patients with pre-existing corneal astigmatism undergoing cataract surgery. Also, in 2018, Johnson & Johnson Vision announced the launch of expanded parameters for 1-DAY ACUVUE MOIST Brand Contact Lenses for astigmatism in the United States. These inventions help companies to meet the requirement of the market and maximize the profit share across the globe. Moreover, in 2017, Bausch & Lomb Incorporated division of Valeant Pharmaceuticals International, Inc. introduce Biotrue ONEday for Astigmatism daily disposable contact lenses in 20 countries of Europe. Novartis AG and Johnson & Johnson are trying to feel the gap along with market players such as SeaVision USA, Bausch & Lomb Incorporated, CooperVision, Inc., Orion Vision Group.
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Key Players for Global Astigmatism Market
Novartis AG (Switzerland), SeaVision USA (U.S.), Johnson & Johnson Services, Inc. (U.S.), Bausch & Lomb Incorporated (U.S.), CooperVision, Inc. (U.S.), Orion Vision Group (Georgia) are some of the leading players at the cutting edge of the competition in the market of astigmatism, globally.
Segments for Global Astigmatism Market
Global Astigmatism Market has been segmented on the basis of type which comprises of Myopic Astigmatism, Hyperopic Astigmatism and others. On the basis of treatment; market is segmented into corrective lenses, orthokeratology (ortho-k), surgeries and others. On the basis of end user; market is segmented into Hospital, Clinics and others.
Regional Analysis for Global Astigmatism Market
The market of astigmatism is much higher in the Americas region. There are several factors for tremendous growth of the astigmatism market in this region such as growing ageing population, presence of major market players, and increasing awareness about astigmatism. According to reports published by the Centers for Disease Control and Prevention in 2015, Around 1.8 million Americans aged 40 years and above are affected by AMD and an additional 7.3 million with large drusen are at substantial risk of developing AMD.
Europe is also considering the huge market for astigmatism players, owing to present of the huge ageing population. Moreover, the population within the reason are more aware about the healthcare in comparison to another region like Asia Pacific and The Middle East and Africa.
Asia Pacific and the Middle East and Africa region are considering the big opportunity for the market players owing to the presence of the high patient population. Whereas country like India and china of Asia Pacific region are considering fastest growing region owing to the presence of active government towards health care. These countries are open to adopt new treatment from developing countries in order to improve the quality of life for their citizen. Japan is a well-developed country and have well established healthcare system and technology, whereas developing countries are still focusing on new technology, which lead to increase in the demand for various astigmatism treatment. Most of the countries of these regions such as India and China are investing more into research and development activity for introducing better treatment at nominal price.
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Some Brief Table of Contents of Report
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.2 Scope Of The Study
2.2.1 Research Objective
Chapter 3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
Chapter 5. Market Factor Analysis
5.1 Porters Five Forces Analysis
5.1.1 Bargaining Power Of Suppliers
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