Published Date : November, 2019   |   Report ID : 1004460   |   Report Format : PDF   |   Delivery Time : 48-72 Business Hours   |   Category : Healthcare & Pharmaceuticals

Analyzing Impact of COVID-19 on North America Ophthalmic Devices Market

Evaluating Financial Stability During & Post Pandemic

We understand the intense effect of the coronavirus on numerous businesses across the globe, affecting the opportunities, marketing strategies, and pricing models, that are further affecting the growth of the businesses worldwide. We provide updated pointers in this economic pandemic to help the conglomerates to sustain in these uncertain and challenging times and ensure that they take affirmative business decisions. Know More

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The Research Report is Updated with 2020 Base Year, 2021 Estimated year and Forecast till 2030 with Market Insights.

With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2020 as base year, 2021 as estimated year and forecast to 2030. This will have market drivers, recovery rate in the market, insights and competitive analysis.

Introduction and Overview

The growth of the North America Ophthalmic Devices market in North America is marked by several noteworthy developments taking place in the medical industry in the last few years. The growth rate of North America Ophthalmic Devices market has been impacted over the last few years, on account of distribution of resources towards research and development activities. The increasing health initiatives undertaken by various institutions and organizations are estimated to drive the growth of the market. The data related to grants released for various healthcare initiatives was released by The Centers for Disease Control and Prevention (CDC). In 2018, vaccines for children accounted for about 50.87% of the total grant funding received. In addition to that, chronic disease prevention & health promotion and HIV/AIDS, viral Hepatitis, STI & TB prevention received 10.07% and 9.82%, out of a total of USD 7,496,307,789 which formed a part of grant funding for the same year. About 4.28% of grant funding was allocated towards immunization and respiratory diseases, with growing number of individuals suffering from respiratory disorders. Similarly about 5.66% of grant funding had been allocated towards several injury prevention and control initiatives in the region. Our study on the North America Ophthalmic Devices market is driven by the adoption of an exhaustive approach towards the industry analysis comprising of the overall market size and revenue growth, recent market developments, growth drivers, market segmentation, opportunities and challenges that are influencing the growth of the market. The North America North America Ophthalmic Devices market is estimated to attain notable absolute $ opportunity value in 2027 as compared to the value achieved in 2019.

The study of the North America North America Ophthalmic Devices market offers a detailed analysis including a risk analysis that covers demand and supply risk affecting the growth of the market accompanied by existing and future market trends prevalent in the region. U.S. and Canada are the two main regions in North America that are covered in this market study. Further, the inclusion of a correlation and regression analysis for determination of relation between independent and dependent variables is covered in the study.

Top Macro-Economic Indicators Impacting the Growth:

The Occupational Outlook Handbook published by the U.S. Bureau of Labour Statistics mentions that the period starting from 2018 to 2028 is anticipated to witness a 14% growth in employment in various healthcare occupations which is anticipated to add about 1.9 million jobs in the healthcare industry in the United States. The median annual wage recorded for occupational therapists was USD 84,270. Meanwhile, median annual wage for dentists, pharmacists were recorded at USD 158,240 and USD 126,120 respectively. Physicians and surgeons had recorded a higher median annual wage of USD 208,000 or even greater wages during the year 2018. Further, healthcare support occupations recorded the lowest median pay, including home health aides, medical transcriptionists and occupational therapy assistants holding a median annual income of USD 29,740 in May, 2018. Amidst growing demand for medical services accompanied by rising annual wages, coupled with a huge section of U.S. population joining the workforce industry is anticipated to witness significant growth of the healthcare sector.

The personal healthcare expenditure in the United States had increased to USD 2834 billion in the year 2016 as compared to a spending of USD 1804 billion incurred in 2006 according to a statistical release by CDC. During the period 2006-2016, the United States had reported an annual average percent change of 4.6%. Hospital expenses occupied a share of 38.2%, while physician and clinical expenses occupied a share of 23.5%. Moreover, the percentage distribution recorded for other personal healthcare expenditure in the U.S. was 11.6% for prescription drugs, 4.4% for dental and 3.3% being recorded under the category of home healthcare. The North America Ophthalmic Devices market in North America is anticipated to hold a sizeable market share by 2027, owing to high levels of expenditure incurred by U.S. population on personal healthcare.

Export and Import Scenario by Regions, (USD Thousands), 2017

Geographic Overview

A separate section in the report highlights regional scenario in market which includes North America (further segregated into U.S. and Canada).

The report further includes a section on European region which is further segmented on a country/regional level including Germany, U.K., France, Italy, Spain, BENELUX, Netherlands, NORDIC, Poland, Hungary, Russia, Turkey, and Rest of Europe.

In the Asia Pacific North America Ophthalmic Devices market, the report studies China, India, South Korea, Indonesia, Malaysia, Japan, Australia, New Zealand and Rest of Asia Pacific. In the Latin America section, an in-depth analysis on Mexico, Brazil, Argentina and Rest of Latin America is covered. Middle East and Africa region have been further identified for the North America Ophthalmic Devices market demand and segregated into Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa and Rest of Middle East and Africa.

Competitive Landscape

A complete section on competitive landscape provides an understanding of the companies in current strategic report based upon various parameters which includes overview of the company, business strategy, major product offerings, key performance indicators, risk analysis, recent development, regional presence and SWOT analysis. There is a separate section which has been provided on the market share of key players in this market, as well as the competitive positioning of the players.

Key Topic Covered

  • Market Size, Demand, Y-o-Y Growth Comparison
  • Market Segmentation Analysis
  • Market Segmentation Analysis by Geography
    • North America (U.S. and Canada)
    • Latin America (Brazil, Mexico, Argentina, Rest of Latin America)
    • Europe (Germany, France, UK, Spain, Italy, BENELUX, NORDIC, Russia, Poland, Turkey, Hungary, Rest of Europe)
    • Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific)
    • Middle East and Africa (GCC, North Africa, South Africa, Rest of Middle East and Africa)
  • Absolute $ Opportunity
  • Regional Average Pricing Analysis
  • Demand and Supply Risk
  • Regulatory Landscape
  • Regression and Correlation Analysis
  • Porters Five Force Model
  • Market Dynamics
    • Growth Drivers
      • Demand Side Drivers
      • Supply Side Drivers
      • Economy Side Drivers
    • Challenges
    • Trends
    • Opportunities
  • Macro-economic Indicators impacting the growth of the market
  • Competitive Landscape
    • Market Share of the companies
    • Competitive Positioning of the companies
    • Overview of the companies
    • Key Product Offerings
    • Business Strategies
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • SWOT Analysis
    • Recent Developments
    • Regional Presence

Major Target Audience for this report:

  • Manufacturers of the product
  • Suppliers of raw materials
  • Distributors
  • Strategic and management consulting firms
  • Investors
  • Investment banks
  • Various regulatory and Government bodies
  • Industrial Associations
  • Research Organizations and institutes
  • Organizations, alliances and forums related to this market

Crucial Questions Answered in this report:

  • How the market is going to be impacted based upon the macroeconomic indicators?
  • What are the various opportunities in North America Ophthalmic Devices market?
  • Which segment and which country has the fastest growth?
  • Complete analysis of the competitive landscape
  • Where the maximum opportunity lies in terms of further investments by region?
  • Potential countries for investment

Scope for the Customization:

We are open for the customization of this report for our client.

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