South Africa Ophthalmic Devices Market - Growth, Trends, and Forecast (2020 - 2025)

The ophthalmic devices are medical equipment designed for diagnosis, surgical, and vision correction purposes. These devices have gained increasing importance and adoption due to rising burden of various eye diseases such as glaucoma, cataract, and other vision related issues. The rising prevalence of eye-related diseases is leading to increased demand for ophthalmic devices. In many developed and developing countries, eye conditions have emerged as potential threats to the population. Cataract is the leading cause of blindness in South Africa. As per WHO, it is estimated that 15.3% of the world's blind population reside in Africa. Hence, as the number of eye disorders increase, demand for ophthalmic devices also increase that are used for both diagnostic and therapeutic purposes which is driving the growth of the market studied. However, risk associated with ophthalmic procedures is expected to hinder the market growth.

Key Market Trends

Laser Segment is Expected to Show Better Growth in the Forecast Years

Based on Surgical Devices, the market is segmented into Glaucoma Devices, Intraocular Lenses, Lasers and Other Surgical Devices. Laser eye procedure is intended to correct long-term vision problems in people. According to World Health Organization (WHO) estimates, in 2019, approximately 26.3 million people in the African region had a form of visual impairment. Laser can be applied to the iris or the trabecular meshwork to allow aqueous fluid to flow more effectively within the eye and drain better by the normal drainage channels within the eye. Laser vision correction has a very high success rate, and many patient’s reliance on eyeglasses or contact lenses is significantly reduced. Hence, owing to these factors, the segment is believed to witness rapid growth over the forecast period.

Competitive Landscape

The market studied is moderately competitive and there are several local as well as international companies that are operating in South Africa ophthalmic market. The global players in the South Africa ophthalmic devices market are Alcon Inc., Carl Zeiss Meditec AG, Hoya Corporation, Johnson and Johnson, Nidek Co. Ltd, Topcon Corporation and Ziemer Group AG.

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